From the following trial balance and additional data, complete the work- sheet for Rons Wholesale Clothing Company
Question:
RONS WHOLESALE CLOTHING COMPANY
TRIAL BALANCE
DECEMBER 31, 2013
Additional Data
a. and b. Ending merchandise inventory on December 31, $3,950
c. Supplies on hand, $50
d. Insurance expired, $55
e. Amortization expense on store equipment, $100
f. Storage fees earned, $115
Transcribed Image Text:
Dr. r. Cash Petty Cash Accounts Receivable Beginning Merchandise Inventory, January 1 Supplies Prepaid Insurance Store Equipment Accumulated Amortization, Store Equipment Accounts Payable Income Tax Payable CPP Payable El Payable Unearned Storage Fees Ron Win, Capital Ron Win, Withdrawals 260000 3000 300000 360000 27000 18000 100000 496 00 4590 00 9000 100 00 35000 273400 180000 Income Summary Sales Sales Returns and Allowances Sales Discounts Purchases Purchases Discounts Purchases Returns and Allowances Freight-In Salaries Expense 19400 00 560 00 48000 860000 24000 160 00 10000 600000 19400 32000 Payroll Tax Expense Interest Expense 28734 00 28 73400
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
RONS WHOLESALE CLOTHING COMPANY WORKSHEET FOR YEAR ENDED DECEMBER 31 2013 RONS WHOLESALE CLOTHING C...View the full answer
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
1+ Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
Question Posted:
Students also viewed these Accounting questions
-
From the following trial balance and additional data, completethe worksheet for Ron's Wholesale Clothing Company.From the following, complete a worksheet for Waltz Company from the following trial...
-
From the following trial balance and additional data, complete the work-sheet for Rons Wholesale Clothing Company of Winnipeg. RONS WHOLESALE CLOTHING COMPANY TRIAL BALANCE DECEMBER 31, 2013 r. r....
-
From the following trial balance and additional data, complete a worksheet for Corocan Tile Company of Cranbrook for the 12-month period ending October 31, 2013. COROCAN TILE COMPANY TRIAL BALANCE...
-
The FBI Standard Survey of Crimes shows that for about 80% of all property crimes (burglary, larceny, car theft, etc.), the criminals are never found and the case is never solved (Source: True Odds,...
-
A university found that 20% of its students withdraw without completing the introductory statistics course. Assume that 20 students registered for the course. a. Compute the probability that 2 or...
-
A boy tosses a ball onto the roof of a house. For the launch conditions shown, determine the slant distance s to the point of impact. Also, determine the angle which the velocity of the ball makes...
-
Curtis turbine is a: (a) reaction steam turbine (b) pressure compounded impulse steam turbine (c) velocity compounded impulse turbine (d) pressure-velocity compounded steam turbine.
-
1. Emerson Process Management, a global supplier of measurement, analytical, and monitoring instruments and services based in Austin, Texas, had a new data warehouse designed for analyzing customer...
-
What are the critical elements of a robust Management of Change (MoC) program in the context of PSM? Discuss how effective MoC practices contribute to minimizing risks associated with process...
-
Which of the following is/are the correct syntax of specifying choices for a random function: 1) random.choice(2,3,4) 2) random.choice([2,3,4]) 3) random.choice( (2,3,4)) a) None b) 1, 2, 3 are...
-
From the following, complete a worksheet for Waltz Company of Fairview. WALTZ COMPANY TRIAL BALANCE DECEMBER 31, 2014 Additional Data a. and b. Ending merchandise inventory on December 31, $1,600 c....
-
On the basis of the accounts listed below, calculate: a. Net sales b. Cost of goods sold c. Gross profit d. Net income Accounts Payable Operating Expenses P. Juarez, Capital Purchases Freight-In...
-
Using these headings, subheadings, and topic sentences, how would you complete the findings section of the report? Where would you place the supporting details from his draft? FINDINGS ABOUT LAND...
-
(You need to read the Appendix C "The Hexadecimal Number System and Memor Appendix B "ASCII Character Set and Ansi.sys" from the Q: drive. Don't worry if you don't know how to do the questions. They...
-
I heared that my friend's password was his number followed by a single character saying its uncrackable since Jordanian numbers are not found in wordlists. Can you prove him wrong? 4 f 9 b 1 8 eb 1 6...
-
The number of items in a product line represents the DA. product mix depth; product line width DB. product line length; product mix width DC. product line width; product mix length D. product line...
-
and Let f(x) if r < -3 if - 3 < x < 1 -4 if1 4 g(x) = [ f(t)dt Determine the value of each of the following: (a) g(-7)= (b) g(-2) = (c) g(2) = (d) g(5) = (e) The absolute maximum of g(x) occurs when...
-
Bill manages a video game company, and he needs to hire some game testers. Which statement best describes why Bill would hire intuitive thinkers as testers? Select answer from the options below Bill...
-
Some of the following passages contain explanations, some contain arguments, and some may be interpreted as either an argument or an explanation. What is your judgment about the chief function of...
-
What can scientists learn by comparing the fossilized skeletons of extinct primates with the bones of modern species?
-
If in Exercise 6A-2 cash on hand is $28, prepare the entry to replenish the petty cash on March 31. In Exercise 6A-2 March 1 A $102 petty cash fund is established. 31 At the end of the month, $22...
-
At the end of the day the clerk for Ken's Variety Shop noticed an error in the amount of cash he should have. Total cash sales from the sales tape were $1,192, whereas the total cash in the register...
-
From the following information, construct a bank reconciliation for Zoom Co. as of October 31, 201X. Then prepare journal entries if needed. Checkbook balance 1,580 tstanding checks Bank statement...
-
2-Using the CPT data in figure below, a unit weight of 115 pcf, and an overconsolidation ratio of 3, determine (a) soil behavior type (b) o' using Kulhawy and Mayne correlation and (c) N60 for the...
-
How does the application of computational fluid dynamics (CFD) coupled with multiphase flow modeling enhance the understanding and prediction of complex hydrodynamic behaviors in industrial-scale...
-
1. From the joint distribution defined by the graphical model, determine if the conditional independence holds: ALL FIE, B, and provide brief explanation (5 points). 2. Given an undirected chain...
Study smarter with the SolutionInn App