F company Trial balance Debit $ Credit$ Cash =6300-5000 Accounts receivable =6000+(400-40) Supplies =400+900 Equipment 16490 Computers 49000 Accounts payable =2800+900 Notes payable 185000 Capital 50000 Drawing 4000 Service revenue =4100+6800 Salary expense 1400 Rent expense =800+340+340 Advertising expense 900 Utilities expense =800+70 Total 83100 83100 Prepare the company's financial statements for the month of February 2020.

F company Trial balance Debit $ Credit$ Cash =6300-5000 Accounts receivable =6000+(400-40) Supplies =400+900 Equipment 16490 Computers 49000 Accounts payable =2800+900 Notes payable 185000 Capital 50000 Drawing 4000 Service revenue =4100+6800 Salary expense 1400 Rent expense =800+340+340 Advertising expense 900 Utilities expense =800+70 Total 83100 83100 Prepare the company's financial statements for the month of February 2020.

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter3: Journalizing Transactions

Section: Chapter Questions

Problem 1AP

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Given: Account Payable $10700 Cash $7000 Owner's Capital $16200 Owner's Drawing $3800 Equipment $15600 Service Revenue $12600 Account Receivable $5600 Salaries and Wages Expense $3900 Rent Expense $3600 Based on the account amount, prepare a trial balance.
' a) Mar. 31 Accounts Receivable 700 Service Revenue 700 To accrue service revenue. (b) Mar. 31 Unearned Revenue 100 Service Revenue 100 To record service revenue that was collected in advance. (c) Mar. 31 Supplies Expense 400 Office Supplies 400 To record office supplies used. (d) Mar. 31 Salaries Expense 200 Salaries Payable 200 To accrue salaries expense. (e) Mar. 31 Rent Expense 560 Prepaid Rent 560 To record rent expense. (f) Mar. 31 Depreciation Expense—Equipment 120 Accumulated Depreciation—Equipment 120 To record depreciation on equipment use the following adjustments to make a T-acct for each item,…
Q3: Following is the trial balance of Dhofar Company for the year ended 31st December 2020: Account Debit Credit Owners Equity 48000 Accounts Receivable 17000 Accounts Payable 20000 Notes Payable 4000 Notes Receivable 22000 Bank 38000 4000 Salary expenses 24000 Rent 9000 3000 Insurance expenses 6000 Other Income 14000 Machinery 52000 Buildings 63000 Loan 38000 Sales 194000 Purchases 44000 Sales Return 5000 Purchase Return 24000 Opening Stock 69000 Total 349000 349000 Other information is given: Closing stock is 12000 OMR. Depreciation charges for Building is 10% and Machinery is 20% Required: Income statement as on 31.12.2020 Balance sheet as on 31.12.2020
Date Account Title Debit Credit 1/1 Cash 100,000 Mr. X Capital 100,000 1/2 Rent Expense 5,000 Cash 5,000 1/5 Supplies 15,700 Accounts Payable 15,700 1/7 Advertising Expense 7,500 Cash 7,500 1/8 Furniture 30,500 Accounts Payable 30,500 1/9 Car 150,000 Cash 50,000 Notes Payable 100,000 1/13 Cash 25,000 Service Revenue 25,000 1/15 Cash 5,000 Notes Receivable 20,000 Service Revenue 25,000 1/18 Accounts Receivable 15,000 Service Revenue 15,000 1/19 Accounts Payable 30,500 Cash 30,500 1/25 Cash 15,000 Accounts Receivable 15,000 1/26 Utility Expense 2,000 Cash 2,000 1/29 Mr. X Drawing 3,000 Cash 3,000 1/30 Salary Expense…
The journal of Benesh Company follows: Date Account and Explaination Ref Debit Credit Aug. 2 Cash 6000 Dana Benesh, Capital 6000 Aug. 3. Cash 15000 Note payable 15000 Aug. 9 Supplies 270 Account Payable 270 Aug. 11 Accounts Receivable 2630 Sale Revenue 2630 Aug. 14 Rent Expenses 4200 Cash 4200…
Direction: Prepare a Trial Balance. There is a space provided after the data where you can write your answer. ABM Company Trial Balance 20XX Account Title Debit Credit Cash ₱ 100,000.00 Accounts Receivable ₱ 60,000.00 Inventory 50,000.00 Property, Plant and Equipment 120,000.00 Accumulated Depreciation 10,000.00 Land 200,000.00 Accounts Payable 5,000.00 Notes Payable 5,000.00 Mortgage Payable 10,000.00 Capital 270,000.00 Withdrawals 5,000.00 Service Revenue 300,000.00 Rent Expense 15,000.00 Salaries Expense 35,000.00 Tax Expense 5,000.00 Utilities Expense 10,000.00 Totals ? ?
Pre - Ajustment Trial Balance as at 28 February 2022 Balance Sheet Accounts Section Debit Credit Capital 240 950 Drawings 114 000 Vehicle at cost 285 000 Equipment at cost 165 000 Accumulated Depreciation Vehicles 138 000 Accumulated Depreciation on Equipment 54 000 Trading Iventory 105 000 Debotors Control 48 000 Provision for bad debts 6 600 Bank 35 850 Creditors Control 61 500 Mortage Loan:Maxi Bank 16%pa 105 000 Nominal Account Section sales 742 500 Cost of sales 360 000 Sales Returns 4 500 salaries and wages 129 000 bad debts 1500 Consumable Stores 2300 Rent exspenses 34 500 Motor exspenses 26 700 bad debt recovery 1300 telephone 9 300 electricity and water 18 600 Bank charges 3700 Insurance 8100 Interest on mortage loan 7800 comission income 9000 1 358 850 1 358 850
Q1: Lewiston Company reports the following trial balance on December 31, 2014: Account title Debit Credit Cash $35,500 Account Receivable $12,000 Allowance for uncollectable $3,000 Prepaid rent $8,000 Inventories $10,000 Land $40,000 Patent $29,500 Account Payable $2,000 Unearned Revenue $6,000 Bond Payable $15,000 Common Stock $72,000 Retained Earning $37,000 Total $135,000 $135,000 Additional Information: The land account consists of $30,000 for the cost of the land where the office buildings are located. The remaining balance represent the cost of the land held for sale. $9,500 of cash balance will be used as an investment in marketable securities that is going to take place next year. The remaining represent commercial papers due in January 2015. Out of $15,000 balance of Bond payable, $7,000 will be payable in 2015. Required: Prepare classified balance…
I. Prepare a Trial Balance Direction: Prepare a Trial Balance. There is a space provided after the data where you can write your answer. ABM Company Trial Balance 20XX Account Title Debit Credit Cash ₱ 100,000.00 Accounts Receivable ₱ 60,000.00 Inventory 50,000.00 Property, Plant and Equipment 120,000.00 Accumulated Depreciation 10,000.00 Land 200,000.00 Accounts Payable 5,000.00 Notes Payable 5,000.00 Mortgage Payable 10,000.00 Capital 270,000.00 Withdrawals 5,000.00 Service Revenue 300,000.00 Rent Expense 15,000.00 Salaries Expense 35,000.00 Tax Expense 5,000.00 Utilities Expense 10,000.00 Totals ? ? II. Prepare Income Statement, Statement of Changes in Equity, and Balance Sheet Direction: Prepare Income Statement, Statement of Changes in…
Buildings 30000 Mechanical equipment 4000 Goods (Starting Goods) 19500 Customers 3000 Bills Receivable 5150 Checks Receivable 2500 Staff advances 1000 Fund 9500 Current deposits 13500 Capital 25000 Bank loans 31500 Suppliers 10750 Bills Payable 11300 Checks Payable 6000 Liabilities from taxes and fees (VAT) 3600 2. To register the opening.3. To enter the following transactions in the calendar of the month of December: 3.1. Receives from the customer OMIKRON for payment of a postdated check of € 1,500 in cash (Proof of collection Law 345). 3.2. Sale of goods in PETROU SA worth € 20,000 plus VAT 24% with 1/2 with bank transfer and the balance with exchange rate expiring on 15/3/2021 (Price L. 46). 3.3. Purchase of goods worth € 6,000 plus VAT 24% from ELIT Ltd. with the following settlement: 1/3 in cash, 1/3 in foreign currency and the rest in credit. (Tim. L. 92). 3.4. The customer IRIS OE…
Date Accounts Titles Debit Credit Dec-01 Cash 500,000 Owner's capital 500,000 to record the capital invested by the owner Dec-02 Computer repair equipment 250,000 Cash 150,000 Accounts payable 100,000 to record the purchse of computer repair equipment Dec-03 Office supplies expense 25,000 Cash 25,000 to record the supploes expense incurred Dec-05 Account receivable 80,000 Service revenue 80,000 to record the service revenue earned Dec-08 Prepaid rent 45,000 Cash 45,000 to record the rent paid in advance Dec-10 Taxes and licenses 8,000 Cash 8,000 to record the amount received from customers Dec-14 Cash 50,000 Account Receivable 50,000 to record the amount received from customers Dec-15 Salaries Expense 18,000 Cash 18,000 to record the salaries expense incurred and paid Dec-18 Cash…
Question No.6 The following data of HASF Company is available with you. You are required to prepare the followings. Particulars Debit Credit CASH 102,000 INVENTORY 124,500 ACCOUNTS RECEIVABLES 12,000 SHORT TERM INVESTMENT 25,000 FURNITURE 100,000 BUILDING 500,000 UNEARNED REVENUE 27,000 ACCOUNTS PAYABLE 9,000 ACC.DEP.PLANT-FURNITURE 5,000 ACC.DEP.BUILDING 6,000 EQUITY 200,000 CONSULTANCY REVENUE 650,000 REPAIR EXPENSE 2,000 RENT EXPENSE 3,500 INSURANCE EXPSNES 1,000 OTHER GENERAL EXPNSE 1,200 UTILITY EXPENSE 6,000 SALARIES EXPENSE 10,000 INTEREST EXPENSE 800 DEPRECIATION EXPENSE 11,000 SALARIES PAYABLE…

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bartleby, a Learneo, Inc. business

	Debit $	Credit$
Cash	=6300-5000
Accounts receivable	=6000+(400-40)
Supplies	=400+900
Equipment	16490
Computers	49000
Accounts payable		=2800+900
Notes payable		185000
Capital		50000
Drawing	4000
Service revenue		=4100+6800
Salary expense	1400
Rent expense	=800+340+340
Advertising expense	900
Utilities expense	=800+70
Total	83100	83100