Accounting 26th Edition

ISBN 13
978-1285743615
ISBN 10
128574361X
Authors
Carl S. Warren, James M. Reeve, Jonathan Duchac
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684722
Accounting Chapter 04 Homework Prepaid Insurance Office Equipment Accumulated Depreciation Accounts
Date 2016 July 1 5 Item Ref. 1 1 Dr. Cr. 7,500 6,500 Dr. Cr. 7,500 14,000 Accumulated Depreciation Date 2016 July 31 Item Adjusting 19 Post. Ref. Balance Dr. 3 Cr. Dr. Cr. 750 750 Accounts Payable Date 2016 July 5 12 Item 21 Post. Ref. 1 1 Balance Dr. Cr. Dr. Cr. 6,500 6,500 1,300 5,200 Salaries Payable Date 2016 July 31 22 Item Adjusting Post. Ref. Balance Dr. 3 Cr. Dr. Cr. 175 175 Unearned Fees Date 2016 July 4 31 23 Item Adjusting Post. Ref. 1 3 Balance Dr. Cr. Dr. Cr. 5,500 5,500 2,750 2,750 Steffy Lopez, Capital Date 2016 July 1 31 31 Item 31 Post. Ref. 1 4 4 Closing Closing Balance Dr. Cr. Dr. Cr. 45,000 33,475 45,000 78,475 65,975 12,500 Steffy Lopez, Drawing Date 2016 July 31 31 Item 32 Post. Ref. 2 4 Closing Balance Dr. Cr. Dr. 12,500 12,500 - 12,500 Cr. - Income Summary Date 2016 July 31 31 31 Item Closing Closing Closing 33 Post. Ref. Balance Dr. 4 4 4 10,875 33,475 Cr. Dr. Cr. 44,350 - 44,350 33,475 - Fees Earned Date 2016 July 12 17 20 24 31 31 31 31 41 Item Adjusting Closing Post. Ref. 1 2 2 2 2 2 3 4 Balance Dr. Cr. Dr. Cr. 13,300 9,450 6,650 4,000 5,200 3,000 2,750 44,350 - 13,300 22,750 29,400 33,400 38,600 41,600 44,350 - Salary Expense Date 2016 July 14 51 Item Post. Ref. 1 Balance Dr. 1,750 Cr. Dr. 1,750 Cr. 27 31 31 Adjusting Closing 1 3 4 1,750 175 3,500 3,675 - 3,675 - Rent Expense Date 2016 July 31 31 52 Item Adjusting Closing Post. Ref. 3 4 Balance Dr. Cr. Dr. 2,400 2,400 - 2,400 Cr. - Supplies Expense Date 2016 July 31 31 Item Adjusting Closing 53 Post. Ref. 3 4 Balance Dr. Cr. Dr. 2,275 2,275 - 2,275 Cr. - Depreciation Expense Date 2016 July 31 31 Item Adjusting Closing 54 Post. Ref. 3 4 Balance Dr. Cr. Dr. 750 Cr. 750 - 750 - Insurance Expense Date 2016 July 31 31 Item Adjusting Closing 55 Post. Ref. 3 4 Balance Dr. Cr. Dr. 375 Cr. 375 - 375 - Miscellaneous Expense Date 2016 July 10 29 31 31 Item Closing 59 Post. Ref. 1 2 2 4 Balance Dr. Cr. Dr. 1,400 400 725 1,400 - 400 325 675 Cr. - DIAMOND CONSULTING Unadjusted Trial Balance July 31, 2016 3. Debit Balances Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Unearned Fees Steffy Lopez, Capital Steffy Lopez, Drawing Fees Earned Salary
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2164 Words13 Pages
684721
Accounting Chapter 04 Homework Recessive Interiors Balance Sheet January 31 2016
Item Date 2016 Jan. 31 31 Post. Ref. Balance Dr. Cr. √ Balance Adjusting Dr. Cr. 7,500 Equipment Date 2016 Jan. 31 16 Item Post. Ref. Balance Dr. Cr. √ Balance Dr. Cr. 113,000 Accumulated Depreciation - Equipment Date 2016 Jan. 31 31 Item Post. Ref. 17 Balance Dr. Cr. Dr. Cr. √ Balance Adjusting 12,000 Trucks 18 Date 2016 Jan. 31 Item Post. Ref. Balance Dr. Cr. √ Balance Dr. Cr. 90,000 Accumulated Depreciation - Trucks Date 2016 Jan. 31 31 Item Balance Adjusting 19 Post. Ref. Balance Dr. Cr. Dr. Cr. √ 27,100 Accounts Payable Date 2016 Jan. 31 Item 21 Post. Ref. Balance Dr. Cr. Dr. Cr. √ Balance 4,500 Wages Payable Date 2016 Jan. 31 22 Item Post. Ref. Balance Dr. Cr. Dr. Cr. Adjusting Jeanne McQuay, Capital Date 2016 Jan. 31 31 31 Item 31 Post. Ref. Balance Dr. Cr. Dr. √ Balance Closing Closing Cr. 126,400 Jeanne McQuay, Drawing Date 2016 Jan. 31 31 Item Balance Closing 32 Post. Ref. √ Balance Dr. Cr. Dr. 3,000 Cr. Income Summary Date 2016 July 31 31 31 33 Item Post. Ref. Item Post. Ref. Balance Dr. Cr. Dr. Cr. Closing Closing Closing Service Revenue Date 2016 Jan. 31 31 41 Balance Dr. Cr. Dr. √ Balance Closing Cr. 155,000 Wages Expense Date 2016 Jan. 31 31 31 51 Item Balance Adjusting Closing Post. Ref. Balance Dr. Cr. √ Dr. Cr. 72,000 Rent Expense Date 2016 Jan. 31 31 52 Item Post. Ref. Balance Dr. Cr. √ Balance Closing Dr. Cr. 7,600 Truck Expense Date 2016 Jan. 31 31 53 Item Post. Ref. Balance Dr. Cr. √ Balance Closing Dr. Cr. 5,350 Depreciation Expense - Equipment Date 2016 Jan. 31 31 Item Adjusting Closing 54 Post. Ref. Balance Dr. Cr. Dr. Cr. Supplies Epense Date 55 Item Post. Ref. Balance Dr. Cr. Dr. Cr. 2016 Jan. 31 31 Adjusting Closing Depreciation Expense - Trucks Date Item 56 Post. Ref. Balance Dr. Cr. Dr. Cr. 2016 Jan. 31 31 Adjusting Closing Insurance Expense Date Item 57 Post. Ref. Balance Dr. Cr. Dr. Cr. 2016 Jan. 31 31 Adjusting Closing Miscellaneous Expense Date 2016 Jan. 31 31 4. Item Balance Closing 59 Post. Ref. Balance Dr. Cr. √ Dr. 5,450 RECESSIVE INTERIORS Adjusted Trial Balance January 31,
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2112 Words14 Pages
682610
Accounting Chapter 1 Homework Owners Are Generally Willing Provide Bankers With
CHAPTER 1 Introduction to Accounting and Business Prob. 1–5B (Continued) 2. Assets Cash Bal. (a) 35,000 Bal. 25,000 11,000 50,000 80,000 11,000 85,000 31,500 71,000 98,500 152,000 11,000 85,000 31,500 71,000 98,500 1,000 152,000 11,000 85,000 71,000 98,500 1,000 152,000 19,000 85,000 19,500 71,000 98,500 152,000 19,000 85,000 19,500 71,000 98,500 19,000 85,000 19,500 71,000 98,500 72,000 20,000 39,000 (h) + 77,000 116,000 – – 8,000 75,000 75,000 86,800 75,000 – 86,800 (l) – Bal. 29,450 19,000 85,000 48,950 71,000 98,500 19,000 85,000 48,950 71,000 98,500 85,000 48,950 71,000 98,500 29,200 (k) Bal. 8,000 77,000 + 116,000 20,000 11,500 + (i) Bal. 98,500 4,000 38,000 – 71,000 98,500 Bal. (j) 31,500 71,000 (g) + Bal. 98,500 21,000 31,500 + Bal. 50,000 85,000 (f) Bal. 31,500 11,000 + – 50,000 Retained + Earnings – Dividends + 35,000 21,000 Bal. Accts. Common = Payable + Stock Land 80,000 (d) (e) 80,000 21,000 Bal. 11,000 Stockholders’ Equity + 60,000 – + Supplies + 21,000 (b) – Bal. Accts. Rec. 80,000 39,000 + Bal. (c) + = Liabilities + 75,000 7,200 11,800 5,000 81,800 75,000 11,800 85,000 48,950 71,000 98,500 – 5,000 – 5,000 1-37 © 2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. CHAPTER 1 Introduction to
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2502 Words10 Pages
684749
Accounting Chapter 12 Homework Capital Abigail Mckee Capital 90000 Eric Keene
CHAPTER 12 Accounting for Partnerships and Limited Liability Companies Ex. 12–19 $35,000 46,000 a. Cash balance………………………………………………… Sum of capital accounts…………………………………… Loss on realization………………………………………… $11,000 Hewitt Capital balances before realization……………………… b. Division of loss on realization*…………………………… Balances……………………………………………………… c. Cash distributed to partners……………………………… Final balances……………………………………………… Patel $28,000 5,500 $18,000 5,500 $22,500 22,500 $12,500 12,500 $ $ 0 0 * $11,000 ÷ 2 Ex. 12–20 Capital balances before realization………… Division of gain on realization [($67,000 – $63,000) ÷ 2]……………………… Capital balances after realization…………… Cash distributed to partners………………… Final
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1675 Words9 Pages
682804
Accounting Chapter 4 Homework Continuing Problem Concluded Music Post Closing Trial Balance
CHAPTER 4 Completing the Accounting Cycle Continuing Problem (Continued) Cash Account: Balance Post. Date 2016 July Item 1 1 1 1 2 3 3 4 8 11 13 14 16 21 22 23 27 28 29 30 31 31 31 Balance Ref.  1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 Debit Credit 5,000 1,750 2,700 1,000 7,200 250 900 200 1,000 700 1,200 2,000 620 800 750 915 1,200 540 500 3,000 1,400 1,250 Accounts Receivable Account: Debit Item 2016 July 1 2 23 30 31 Balance Adjusting Credit 3,920 8,920 7,170 4,470 5,470 12,670 12,420 11,520 11,320 12,320 11,620 10,420 12,420 11,800 11,000 11,750 10,835 9,635 9,095 9,595 12,595 11,195 9,945 12 Account No. Post. Date 11 Account No. Ref.  1 2 2 3 Balance Debit Credit 1,000 1,750 1,000 1,400 Debit 1,000 — 1,750 2,750 4,150 Credit — 4-101 © 2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. CHAPTER 4 Completing the Accounting Cycle Continuing Problem (Continued) Supplies Account: Balance Post. Date 2016 July Item 1 18 31 Balance Adjusting Ref. Debit  2 3 Credit 850 745 Prepaid Insurance Account: Debit Item 2016 July 1 31 Adjusting Ref. 1 3 Balance Debit Credit 2,700 225 Debit 2016 July Item 5 Balance Ref. 1 Debit Credit 7,500 Debit Item 2016 July 31 Adjusting Ref. Balance Debit 3 Credit Debit Item 2016 July 1 3 5 18 Balance Credit 50 50 21 Account No. Post. Date 18 Account No. Accounts Payable Account: Credit 7,500 Post. Date 17 Account No. Accumulated Depreciation—Office Equipment Account: Credit 2,700 2,475 Post. Date 15 Account No. Office Equipment Account: Credit 170 1,020 275 Post. Date 14 Account
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1213 Words9 Pages
684687
Accounting Chapter 5 Homework Accumulated Depreciation—Office Equipment
CHAPTER 5 Accounting Systems Prob. 5–5A 1., 3., and 4. GENERAL LEDGER Cash Account: Post. Item Date 2016 Dec. 1 31 31 Balance Ref.  CR31 CP34 Balance Debit Credit Debit 125,350 160,900 218,330 92,980 57,430 Accounts Receivable Account: Item 2016 Dec. 1 31 31 Balance Ref.  R35 CR31 Debit Credit 21,920 16,030 Debit Item 2016 Dec. 1 20 31 Balance Ref.  J1 P37 Balance Debit Credit 3,600 3,250 Debit 2016 Dec. 1 31 31 Balance Ref. Balance Debit  CP34 P37 Credit Debit Item 2016 Dec. 1 6 Balance Credit 4,900 5,210 5,975 310 765 16 Account No. Post. Date 15 Account No. Office Equipment Account: Credit 10,850 7,250 10,500 Post. Item Date 14 Account No. Office Supplies Account: Credit 14,050 35,970 19,940 Post. Date 12 Balance Maintenance Supplies Account: Credit Account No. Post. Date 11 Account No. Ref.  P37 Balance Debit 4,800 Credit Debit Credit 28,500 33,300 5-41 © 2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. CHAPTER 5 Accounting Systems Prob. 5–5A (Continued) Accumulated Depreciation—Office Equipment Account: Balance Post. Date 2016 Dec. Item 1 Ref. Debit Credit Debit 6,900 2016 Dec. Item 1 5 16 Balance Balance Ref.  P37 CP34 Debit Credit Debit Item 2016 Dec. 1 Ref. Balance Debit Credit Debit 14,700 2016 Dec. Item 1 31 31 Balance Ref.  P37 CP34 Balance Debit Credit Debit 4,250 52,565 4,015 48,315 2016 Dec. 1 Ref. Balance Debit Credit Debit 289,250 2016 Dec. Item 24 Ref. CP34 32 Account No. Balance Post. Date Credit  Balance S. Holmes,
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