MyLab Accounting with Pearson eText -- Access Card -- for Horngren's Accounting
12th Edition
ISBN: 9780134489728
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 2, Problem E2.23E
Preparing a
Learning Ojective 4
Total Debits $80,700
The T-accounts of McMahon Farm Equipment Repair follow as of May 31, 2018,
Prepare McMahon Farm Equipment Repair’s trial balance as of May 31, 2018.
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Preparing a trial balance from T-accounts
The T-accounts of McMahon Farm Equipment Repair follow as of May 31, 2018.
Prepare McMahon Farm Equipment Repair’s trial balance as of Way 31, 2018.
Using the ledger bal & addtl data given, do the following for Callahan Lumber for the yr ended December 31, 2019:
Account Balances for Callahan Lumber
Account No.
110 Cash $1,140
111 Accounts Receivable 1,270
112 Merch Inv 5,600
113 Lumber Supplies 260
114 Prepaid Insurance 117
121 Lumber Equip 2,600
122 Accu Depreciation, Lumber Equip 340
220 Accs Payable 1,330
221 Wages Payable -
330 L. Callahan, Cap 7,562
331 L. Callahan, Withdrawals 3,500
332 Income Summary -
440 Sales 23,000
441 Sales Returns and Allowances 400
550 Cost of Goods Sold 13,175
660 Wages Exp 2,390
661 Advertising Exp 940
662 Rent Exp840
663 Dep Exp, Lumber Equip -
664 Lumber Supplies Exp-
665 Ins Exp -
Addtl Data
a.
Physical count of inv, Dec 31
$4,700
b.
Lumber supp on hand, Dec 31
80
c.
Insurance expd
70
d.
Dep for the yr
460
e.
Accrued wages on Dec 31
165
d.
Prepare a post-closing trial balance.
e.
Journalize the reversing entry for…
The adjusted trial balance columns of the worksheet for Carla Vista Company are as follows.
CARLA VISTA COMPANYWorksheet (partial)For the Month Ended April 30, 2020
Adjusted Trial Balance
Account Titles
Dr.
Cr.
Cash
11,600
Accounts Receivable
7,700
Prepaid Rent
2,500
Equipment
23,300
Accumulated Depreciation—Equip.
5,500
Notes Payable
5,600
Accounts Payable
4,800
Owner’s Capital
29,740
Owner’s Drawings
3,800
Service Revenue
15,400
Salaries and Wages Expense
10,500
Rent Expense
900
Depreciation Expense
740
Interest Expense
90
Interest Payable
90
Totals
61,130
61,130
Chapter 2 Solutions
MyLab Accounting with Pearson eText -- Access Card -- for Horngren's Accounting
Ch. 2 - The detailed record of the changes in a particular...Ch. 2 - Which of the following accounts is a liability?...Ch. 2 - The left side of an account is used to record...Ch. 2 - Which of the following statements is correct?...Ch. 2 - Your business purchased office supplies of $2,500...Ch. 2 - Sedlor Properties puchased office supplies on...Ch. 2 - Posting a $2,500 purchase of office supplies on...Ch. 2 - Pixel Copies recorded a cash collection on account...Ch. 2 - Which sequence correctly summarizes the accounting...Ch. 2 - Nathvile Laundry reported assets of $800 and...
Ch. 2 - Identify the three categones of the accounting...Ch. 2 - What is the purpose of the chart of accounts?...Ch. 2 - What does a ledger show? What’s the difference...Ch. 2 - Accounng uses a double-entry system. Explain what...Ch. 2 - What is T-account? On which side is the debit? On...Ch. 2 - Prob. 6RQCh. 2 - Prob. 7RQCh. 2 - Identify which types of accounts have a normal...Ch. 2 - What are source documents? Provide examples of...Ch. 2 - Prob. 10RQCh. 2 - Explain the five steps in journalizing and posting...Ch. 2 - What are the four parts of a journal entry?Ch. 2 - What is involved in the posting process?Ch. 2 - What is the purpose of the trial balance?Ch. 2 - What is the differnce between the trial balance...Ch. 2 - If total debits equal total credits on the trial...Ch. 2 - What is the calculation for the debt ratio?...Ch. 2 - Identifying accounts Learning Objective 1 Consider...Ch. 2 - Identifying increases and decreases in accounts...Ch. 2 - Identifying normal balances Learning Objective 2...Ch. 2 - Prob. S2.4SECh. 2 - Journalizing transactions Learning Objective 3...Ch. 2 - S2-6 Journalizing transactions
Learning...Ch. 2 - Journalizing transactions and posting to...Ch. 2 - Prob. S2.8SECh. 2 - Prob. S2.9SECh. 2 - Using accounting vocabulary Learning Objectives 1,...Ch. 2 - Creating a chart of accounts Learning Objective 1...Ch. 2 - Identifying accounts, increases in accounts, and...Ch. 2 - Identifying increases and decreases in accounts...Ch. 2 - Identifying source documents Learning Objective 3...Ch. 2 - Analyzing and journalizing transactions Learing...Ch. 2 - Analyzing and journalizing transactions Leaning...Ch. 2 - Posting journal entries to T-accounts Learning...Ch. 2 - Analyzing and journalizing transactions Learning...Ch. 2 - Posting journal entries to four-column accounts...Ch. 2 - Analyzing transactions from T-accounts Learning...Ch. 2 - Journalizing transactions from T-accounts Learning...Ch. 2 - Preparing a trial balance Learning Objective 4...Ch. 2 - Preparing a trial balance from T-accounts Learning...Ch. 2 - Journalizing transactions, posting journal entries...Ch. 2 - Analyzing accounting errors Learning Ojective 4...Ch. 2 - Prob. E2.26ECh. 2 - E2-27 Correcting errors in a trial...Ch. 2 - Prob. E2.28ECh. 2 - Journalizing transactions, posting journal entries...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 Learning...Ch. 2 - Prob. P2.34APGACh. 2 - Prob. P2.35BPGBCh. 2 - Prob. P2.36BPGBCh. 2 - Journalizing transactions, posting journal entries...Ch. 2 - Prob. P2.38BPGBCh. 2 - Correcting errors in a trial balance Learning...Ch. 2 - Prob. P2.40BPGBCh. 2 - Prob. P2.41CTCh. 2 - P2-42 Journalizing transactions, posting to...Ch. 2 - Journalizing transactions, posting to T-accounts,...Ch. 2 - Before you begin this assignment, renew the Tymg...Ch. 2 - Prob. 2.1DCCh. 2 - Prob. 2.1EICh. 2 - Prob. 2.1FCCh. 2 - Prob. 2.1FSC
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