Orange Realty acts as an agent in buying, selling, renting, and managing real estate. The trial balance on October 31, 20Y4, is shown next. ORANGE REALTY Trial Balance October 31, 20Y4   Debit Balances Credit Balances Cash   16,960         Accounts Receivable   34,900         Prepaid Insurance   3,600         Office Supplies   800         Land   -         Accounts Payable         4,960   Unearned Rent         -   Notes Payable         -   Common Stock         5,000   Retained Earnings         26,540   Dividends   12,800         Fees Earned         176,000   Salary and Commission Expense   112,000         Rent Expense   14,000         Advertising Expense   11,440         Automobile Expense   5,120         Miscellaneous Expense   880             212,500     212,500   The following business transactions were completed by Orange Realty during November 20Y4: Nov.   1   Purchased office supplies on account, $1,050.     2   Paid rent on office for month, $2,000.     3   Received cash from clients on account, $22,300.     5   Paid annual insurance premiums, $2,850.     9   Returned a portion of the office supplies purchased on November 1, receiving full credit for their cost, $200.     17   Paid advertising expense, $2,750.     23   Paid creditors on account, $2,475.     29   Paid miscellaneous expenses, $250.     30   Paid automobile expense (including rental charges for an automobile), $750.     30   Discovered an error in computing a commission; received cash from the salesperson for the overpayment, $500.     30   Paid salaries and commissions for the month, $13,900.     30   Recorded revenue earned and billed to clients during the month, $41,500.     30   Purchased land for a future building site for $37,500, paying $5,000 in cash and giving a note payable for the remainder.     30   Paid dividends, $2,500.     30   Rented land purchased on November 30 to a local university for use as a parking lot for athletic events; received advance payment of $1,800. Required: 1.  Journalize the transactions for November in a two-column journal. If an amount box does not require an entry, leave the box blank. 2.  Record the November 1, 20Y4, balance of each account in the appropriate balance column of a T account. 3.  Post the journal entries to the T accounts below, selecting the date to the left of each amount to identify the transaction. Determine the balances for all accounts. Cash Nov. 1 Bal.  fill in the blank 77e73003afeafb0_2 Nov. 2  fill in the blank 77e73003afeafb0_4 Nov. 3  fill in the blank 77e73003afeafb0_6 Nov. 5  fill in the blank 77e73003afeafb0_8 Nov. 30  fill in the blank 77e73003afeafb0_10 Nov. 17  fill in the blank 77e73003afeafb0_12 Nov. 30  fill in the blank 77e73003afeafb0_14 Nov. 29  fill in the blank 77e73003afeafb0_16     Nov. 30  fill in the blank 77e73003afeafb0_18     Nov. 30  fill in the blank 77e73003afeafb0_20     Nov. 30  fill in the blank 77e73003afeafb0_22     Nov. 30  fill in the blank 77e73003afeafb0_24     Nov. 30 Bal.  fill in the blank 77e73003afeafb0_26 Nov. 30 Bal.  fill in the blank 77e73003afeafb0_28     Accounts Receivable Nov. 3  fill in the blank 77e73003afeafb0_30 Nov. 1 Bal.  fill in the blank 77e73003afeafb0_32 Nov. 30  fill in the blank 77e73003afeafb0_34     Nov. 30 Bal.  fill in the blank 77e73003afeafb0_36     Prepaid Insurance Nov. 1 Bal.  fill in the blank 77e73003afeafb0_38     Nov. 5  fill in the blank 77e73003afeafb0_40     Nov. 30 Bal.  fill in the blank 77e73003afeafb0_42     Office Supplies Nov. 1  fill in the blank 77e73003afeafb0_44 Nov. 1 Bal.  fill in the blank 77e73003afeafb0_46 Nov. 9  fill in the blank 77e73003afeafb0_48     Nov. 30 Bal.  fill in the blank 77e73003afeafb0_50     Land   fill in the blank 77e73003afeafb0_52       fill in the blank 77e73003afeafb0_54     Accounts Payable   fill in the blank 77e73003afeafb0_56   fill in the blank 77e73003afeafb0_58   fill in the blank 77e73003afeafb0_60   fill in the blank 77e73003afeafb0_62       fill in the blank 77e73003afeafb0_64 Unearned Rent       fill in the blank 77e73003afeafb0_66       fill in the blank 77e73003afeafb0_68 Notes Payable       fill in the blank 77e73003afeafb0_70       fill in the blank 77e73003afeafb0_72 Common Stock       fill in the blank 77e73003afeafb0_74 Retained Earnings       fill in the blank 77e73003afeafb0_76 Dividends   fill in the blank 77e73003afeafb0_78       fill in the blank 77e73003afeafb0_80       fill in the blank 77e73003afeafb0_82     Fees Earned       fill in the blank 77e73003afeafb0_84       fill in the blank 77e73003afeafb0_86       fill in the blank 77e73003afeafb0_88 Salary and Commission Expense   fill in the blank 77e73003afeafb0_90   fill in the blank 77e73003afeafb0_92   fill in the blank 77e73003afeafb0_94       fill in the blank 77e73003afeafb0_96     Rent Expense   fill in the blank 77e73003afeafb0_98       fill in the blank 77e73003afeafb0_100       fill in the blank 77e73003afeafb0_102     Advertising Expense   fill in the blank 77e73003afeafb0_104       fill in the blank 77e73003afeafb0_106       fill in the blank 77e73003afeafb0_108     Automobile Expense   fill in the blank 77e73003afeafb0_110       fill in the blank 77e73003afeafb0_112       fill in the blank 77e73003afeafb0_114     Miscellaneous Expense   fill in the blank 77e73003afeafb0_116       fill in the blank 77e73003afeafb0_118       fill in the blank 77e73003afeafb0_120

Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record the starting balances and the offsetting entries for the transactions. The starting balance of Accounts Payable is $2,800 The starting balance of Cash is $8,400 The starting balance of Debt is $3,400 The starting balance of Inventory is $4,200 1. Pay $6 owed to a supplier 2. Buy $17 worth of manufacturing supplies on credit 3. Borrow $55 from a bank What is the final amount in Debt? Note: No unit adjustments are necessary.

Prepare trial balance from the following data

The following information is taken from the 2022 general ledger of Swifty Company. Rent Salaries Sales Rent expense Prepaid rent, January 1 Prepaid rent, December 31 Salaries and wages expense Salaries and wages payable, January 1 Salaries and wages payable, December 31 Sales revenue Accounts receivable, January 1 Accounts receivable, December 31 $30,500 5,800 7,400 $65,100 2,500 7,700 $160,900 20,000 7,400 In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct method.

The account balances for Premera Blue Cross are listed below. All balances are as of December 31, 2023, except where noted otherwise. $5,500 9,600 Rent Expense Equipment 2,600 Furniture 1,200 Notes Payable (due 12/31/25) Accumulated Depreciation 2,000 109,750 Accounts Payable Accounts Receivable Wages Payable Prepaid Expenses Dividends Sales Revenue Notes Payable (due 4/30/24) Cost of Goods Sold Loss on Sale of Equipment Inventory Advertising Expense Insurance Expense Determine Total Current Assets as of December 31, 2023: $46,700 $190,750 $201,200 $45,500 $45,100 00000 1,000 52,800 3,500 9.500 3,000 2,000 Cash Common Stock Goodwill Retained Earnings (1/1/23) Marketable Equity Securities Depreciation Expense Unearned Revenue $6,000 82,500 22,000 35,000 10,450 26,000 20,000 50,000 14,150 400 10,450 4,200

Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton CompanyAdjusted Trial BalanceDecember 31     AccountNo. DebitBalances CreditBalances Cash 11 6,946     Accounts Receivable 12 2,302     Prepaid Expenses 13 632     Equipment 18 14,319     Accumulated Depreciation 19     1,405 Accounts Payable 21     1,499 Notes Payable 22     4,301 Bob Steely, Capital 31     15,223 Bob Steely, Drawing 32 634     Fees Earned 41     7,214 Wages Expense 51 3,364     Rent Expense 52 829     Utilities Expense 53 351     Depreciation Expense 54 172     Miscellaneous Expense 59 93     Totals     29,642 29,642 Determine the net income (loss) for the period.

Old Oak Winery sold inventory for $330,000, terms 4/10, n/30. Cost of goods sold was $153,000. How much sales revenue will Old Oak Winery report from the sale? (Assume the company records sales at the net amount.) OA. $316,800 O B. $153,000 O C. $177,000 O D. $330,000 C

am. 258.

The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances:   Accounts Debits   Credits Cash $ 47,500           Accounts Receivable   31,700           Land   116,800           Accounts Payable           15,900   Notes Payable (due in 2 years)           36,000   Common Stock           106,000   Retained Earnings           38,100   Totals $ 196,000     $ 196,000       The following is a summary of the transactions for the year:   1.   January   12   Provide services to customers on account, $68,400. 2.   February   25   Provide services to customers for cash, $78,300. 3.   March   19   Collect on accounts receivable, $46,300. 4.   April   30   Issue shares of common stock in exchange for $36,000 cash. 5.   June   16   Purchase supplies on account, $13,300. 6.   July   7   Pay on accounts payable, $11,900. 7.   September   30   Pay salaries for employee work in the current year, $70,200. 8.   November   22…

Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances). M. Muncel, Capital Dated May 31 M. Muncel, Withdrawals Date May 31 Services Revenue Date May 31 Depreciation Expense Date May 31 PR G2 PR G2 PR G2 PR G2 Debit Debit Debit Debit General Ledger Account Number 301 Salaries Expense Credit Balance 84,000 Account Number 302 Credit Balance 50,000 Account Number 403 Credit Balance 148,008 Account Number 603 Credit Balance 15,000 Date May 31 Insurance Expense Date May 31 Rent Expense Date May 31 Income Summary Date PR G2 PR G2 PR G2 PR Debit Debit Debit Debit Account Number 622 Credit Balance 42,000 Account Number 637 Credit Balance 3,900 Account Number 640 Credit Balance 8,400 Account Number 901 Balance Credit (a) Prepare closing journal entries from the above ledger accounts. (b) Post the entries from Requirement (a) to the General Ledger accounts below. Use the transaction number from Requirement (a) as the date.