HONRNGREN'S ACCT.+MYACCTLAB/ETEXT
11th Edition
ISBN: 9781323537909
Author: MILLER-NOBLES
Publisher: PEARSON C
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Chapter 2, Problem 2.8SE
Preparing a
Henderson Floor Coverings reported the fo1lowing summarized data at December 31, 2016. Accounts appear in no particular order, and all have normal balances.
| Service Revenue | $38,000 |
| Salaries Payable | $15,000 |
| Equipment | 45,000 |
| Salaries Expense | 1,800 |
| Rent Expense | 10,000 |
| Cash | 12,000 |
| Common Stock | 25,000 |
| 4,000 | |
| Accounts Payable | 1,500 |
| Interest Payable | 7,500 |
| Dividends | 12,900 |
| Utilities Expense | 1,300 |
Prepare the trial balance of Henderson Floor Coverings at December 31, 2016.
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Consider the unadjusted trial balance of Riverdale Company at June 30, 2016, and the related month-end adjustment data.
Riverdale Company
Trial Balance
30-Jun-16
Balance
Debit
Credit
Cash
6,900
Accounts receivable
1,100
Prepaid rent
3,500
Supplies
1,100
Motor Vehicle
77,000
Accumulated depreciation
3,400
Accounts payable
3,300
Salary payable
Riverdale, capital
80,000
Riverdale, drawing
4,400
Service revenue
9,600
Salary expense
1,500
Rent expense
Fuel expense
800
Depreciation expense
Supplies expense
96,300
96,300
Adjustment data at June 30 follow:
Accrued service revenue at June 30, $1,500
$700 of the prepaid rent expired during the month.
Supplies on hand at June 30, $700
Depreciation on motor vehicle for the month, $1,400.
Accrued salary expense at June 30,…
Consider the unadjusted trial balance of Riverdale Company at June 30, 2016, and the related month-end adjustment data.
Riverdale Company
Trial Balance
30-Jun-16
Balance
Debit
Credit
Cash
6,900
Accounts receivable
1,100
Prepaid rent
3,500
Supplies
1,100
Motor Vehicle
77,000
Accumulated depreciation
3,400
Accounts payable
3,300
Salary payable
Riverdale, capital
80,000
Riverdale, drawing
4,400
Service revenue
9,600
Salary expense
1,500
Rent expense
Fuel expense
800
Depreciation expense
Supplies expense
96,300
96,300
Adjustment data at June 30 follow:
Accrued service revenue at June 30, $1,500
$700 of the prepaid rent expired during the month.
Supplies on hand at June 30, $700
Depreciation on motor vehicle for the month, $1,400.
Accrued salary expense at June 30,…
Prepare a corrected trial balance for Wildhorse Co.. All accounts should have a normal balance.
Wildhorse Co.Trial BalanceFor the Quarter Ended March 31, 2022
Debit
Credit
Cash
$28,200
Accounts Receivable
$35,000
Prepaid Insurance
3,500
Equipment
59,000
Accounts Payable
15,200
Unearned Service Revenue
10,500
Notes Payable
21,500
Common Stock
35,000
Retained Earnings
26,900
Dividends
1,200
Service Revenue
50,000
Salaries and Wages Expense
13,400
Utilities Expense
7,800
Rent Expense
11,000
$160,300
$157,900
Chapter 2 Solutions
HONRNGREN'S ACCT.+MYACCTLAB/ETEXT
Ch. 2 - The detailed record of the changes in a particular...Ch. 2 - Which of the following accounts is a liability? a....Ch. 2 - The left side of an account is used to record...Ch. 2 - Which of the following statements is correct? a....Ch. 2 - Prob. 5QCCh. 2 - Prob. 6QCCh. 2 - Posting a 2,500 purchase of office supplies on...Ch. 2 - Prob. 8QCCh. 2 - Which sequence correctly summarizes the accounting...Ch. 2 - Nathville Laundry reported assets of 800 and...
Ch. 2 - Identify the three categories of the accounting...Ch. 2 - What is the purpose of the chart of accounts?...Ch. 2 - What does a ledger show? Whats the difference...Ch. 2 - Prob. 4RQCh. 2 - Prob. 5RQCh. 2 - Prob. 6RQCh. 2 - When are credits increases? When are credits...Ch. 2 - Prob. 8RQCh. 2 - What are source documents? Provide examples of...Ch. 2 - Prob. 10RQCh. 2 - Explain the five steps in journalizing and posting...Ch. 2 - Prob. 12RQCh. 2 - Prob. 13RQCh. 2 - What is the purpose of the trial balance?Ch. 2 - Prob. 15RQCh. 2 - If total debits equal total credits on the trial...Ch. 2 - What is the calculation for the debt ratio?...Ch. 2 - Identifying accounts Consider the following...Ch. 2 - Identifying increases and decreases in accounts...Ch. 2 - Identifying normal balances For each account,...Ch. 2 - Prob. 2.4SECh. 2 - Journalizing transactions Arkansas Sales...Ch. 2 - Prob. 2.6SECh. 2 - Prob. 2.7SECh. 2 - Preparing a trial balance Henderson Floor...Ch. 2 - Calculating debt ratio Vacuum Magic Carpet Care...Ch. 2 - Using accounting vocabulary March the accounting...Ch. 2 - Creating a chart of accounts Raymond Autobody Shop...Ch. 2 - Identifying accounts, increases in accounts, and...Ch. 2 - Identifying increases and decreases in accounts...Ch. 2 - Identifying source documents For each transaction,...Ch. 2 - Analyzing and journalizing transactions As the...Ch. 2 - Use the following information to answer Exercises...Ch. 2 - Use the following information to answer Exercises...Ch. 2 - Use the following information to answer Exercises...Ch. 2 - Use the following information to answer Exercises...Ch. 2 - Analyzing transactions from T-accounts The first...Ch. 2 - Journalizing transactions from T-accounts In...Ch. 2 - Preparing a trial balance The accounts of Aker...Ch. 2 - Preparing a trial balance from T-accounts The...Ch. 2 - Journalizing transactions, posting journal entries...Ch. 2 - Prob. 2.25ECh. 2 - Prob. 2.26ECh. 2 - Correcting errors in a trial balance The following...Ch. 2 - Prob. 2.28ECh. 2 - Problems Group A Journalizing transactions,...Ch. 2 - Journalizing transactions, posting journal entries...Ch. 2 - Journalizing transactions, posting journal entries...Ch. 2 - Journalizing transactions, posting journal entries...Ch. 2 - Correcting errors in a trial balance The trial...Ch. 2 - Preparing financial statements from the trial...Ch. 2 - Journalizing transactions, posting journal entries...Ch. 2 - Journalizing transactions, posting journal entries...Ch. 2 - Journalizing transactions, posting journal entries...Ch. 2 - Prob. 2.38BPCh. 2 - Prob. 2.39BPCh. 2 - Prob. 2.40BPCh. 2 - Journalizing transactions, posting to T-accounts,...Ch. 2 - Journalizing transactions, posting to T-accounts,...Ch. 2 - Your friend, Dean McChesney, requested that you...Ch. 2 - Prob. 2.1CTEICh. 2 - Roy Akins was the accounting manager at Zelco, a...Ch. 2 - Prob. 2.1CTFSCCh. 2 - In 35 words or fewer, explain the difference...
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