Post the entry on July 1 and the adjusting entry on December 31 for Carla Vista Co.. (Post entries in the order of journal entries presented in the previous part.) Unearned Service Revenue 12/31 7,000||| 7/1 14,000 Service Revenue 12/31 7,000 Click if you would like to Show Work for this question: Open Show Work

Post the entry on July 1 and the adjusting entry on December 31 for Carla Vista Co.. (Post entries in the order of journal entries presented in the previous part.) Unearned Service Revenue 12/31 7,000||| 7/1 14,000 Service Revenue 12/31 7,000 Click if you would like to Show Work for this question: Open Show Work

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter7: Payroll

Section: Chapter Questions

Problem 4.9C

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The trial balance of The New Decors for the month ended September 30 is as follows: Data for the adjustments are as follows: a. Expired or used-up insurance, 425. b. Depreciation expense on equipment, 2,750. c. Wages accrued or earned since the last payday, 475 (owed and to be paid on the next payday). d. Supplies remaining at end of month, 215. Required 1. Complete a work sheet. (Skip this step if using GL.) 2. Journalize the adjusting entries. If you are using CLGL, use the year 2020 when recording transactions.
ADJUSTING, CLOSING, AND REVERSING ENTRIES Prepare entries for (a), (b), and (c) listed below using two methods. First, prepare the entries without making a reversing entry. Second, prepare the entries with the use of a reversing entry. Use T-accounts to assist your analysis. (a) Wages paid during 20-1 are 20,800. (b) Wages earned but not paid (accrued) as of December 31, 20-1, are 300. (c) On January 3, 20-2, payroll of 800 is paid, which includes the 300 of wages earned but not paid in December.
Prepare journal entries to record the following transactions. Create a T-account for Unearned Revenue, post any entries that affect the account, tally ending balance for the account (assume Unearned Revenue beginning balance of $12,500). A. May 1, collected an advance payment from client, $15,000 B. December 31, remaining unearned advances, $7,500
* Enter the opening balances in the ledger accounts as at Oct 1, Write "Balance" in the expla- nation space and insert a dollar sign ($) in the reference column, Provision should be made for the following additional accounts: No. 306 Jane Kent, Drawings, No, 126 Laundry Revenue, No. 726 Salaries Expense, and No. 732 Utilities Expense. * Journalize the transactions. * Post to the ledger accounts. * Prepare a trial balance as at Oct 31 2007 Use templates pls Thank you
Prepare the following adjusting entry for December 31,2021: Record the December web hosting expense (use Advertising/promotional expense) and then make the entry recurring for the following eleven months. Dec 7th 2021 Recieved a bill from Webworks for a year of Web hosting for $600. So I created the bill for $600.Dec 21 2021 Pay all the bills due to .... and WebWorks, print later. SO I payed the bill of $600. Is it a Prepaid Advertising expense?How does the journal entry will look?
* Enter the opening balances in the ledger accounts as at Oct 1, Write "Balance" in the expla- nation space and insert a dollar sign ($) in the reference column, Provision should be made for the following additional accounts: No. 306 Jane Kent, Drawings, No, 126 Laundry Revenue, No. 726 Salaries Expense, and No. 732 Utilities Expense. * Journalize the transactions. * Post to the ledger accounts. * Prepare a trial balance as at Oct 31 2007
* Enter the opening balances in the ledger accounts as at Oct 1, Write "Balance" in the expla- nation space and insert a dollar sign ($) in the reference column, Provision should be made for the following additional accounts: No. 306 Jane Kent, Drawings, No, 126 Laundry Revenue, Use templates No. 726 Salaries Expense, and No. 732 Utilities Expense. * Journalize the transactions. * Post to the ledger accounts. * Prepare a trial balance as at Oct 31 2007
Use the following information to answer Exercises E5-23 through E5-25. The adjusted trial balance of Quality Office Systems at March 31, 2018, follows: Journalizing closing entries Requirements Journalize the required dosing entries at March 31, 2018. Set up T-accounts for Income Summary; Retained Earnings; and Dividends. Post the closing entries to the T-accounts, and calculate their ending balances. How much was Quality Office’s net income or net loss?
Fill the missing amonuts in Mr.Green Trial Balance, SOCI, SFP and SOCIE. Please if the amount is zero dont forget to input 0 in the relevant cells. Prepare the financial statements of Green for 30 September Year 7 and for the year then ending.
Creative Images Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at July 31, the end of the fiscal year, the following balances were taken from the ledger of Creative Images Co.: Violet Lozano, Capital $934,500 Violet Lozano, Drawing 66,000 Fees Earned 545,000 Wages Expense 342,400 Rent Expense 52,900 Supplies Expense 17,200 Miscellaneous Expense 5,400 Required: Journalize the two entries required to close the accounts. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. X Chart of Accounts
For additional help, see the demonstration problem at the beginning of each chapter in your Working Papers. The completed worksheet for Valerie Insurance Agency as of December 31 is presented in your Working Papers or in CengageNow, along with the general ledger as of December 31 before adjustments. Check Figure Post-closing trial balance total, $10, 170 Required 1. Write the name of the owner, M. Valerie, in the Capital and Drawing accounts. 2. Write the balances from the unadjusted trial balance in the general ledger. 3. Journalize and post the adjusting entries. 4. Journalize and post the closing entries in the correct order. 5. Prepare a post-closing trial balance.
After all revenue and expenses have been closed at the end of the fiscal period and December 31, income summary has a debit of 45550 and a credit of $36,520. On the same date, D. Mau, drawing has a debit balance of $12,000 and D. mau, capital had a beginning credit balance of $63,410. a. Journalize the entries to close the remaining temporary accounts. b. What is the new balance D. Mau, capital after the remaining temporary accounts?