From the following trial balance (Figure) and adjustment data, complete a worksheet for J. Tripp as of
Question:
More Info
a. Depreciation expense, equipment, $3.
b. Insurance expired, $3.
c. Store supplies on hand, $4.
d. Wages owed but not paid for (they are an expense in the old year),$10.
Transcribed Image Text:
J. TRIPP TRIAL BALANCE OCTOBER 31, 201X Dr Cr Cash Accounts Receivable 600 200 4 00 7 00 9 00 Store Supplies Store Equipment Accumulated Depreciation, Equipment Accounts Payable . Tripp, Capital L. Tripp, Withdrawals Revenue from Clients Rent Expense Wage Expense 3 00 4 00 10 00 it 900 2 500 3 00 2 00 4200 4200
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
J TRIPP WORKSHEET FOR MONTH ENDED OTOBER 31 201X Account Titles Ca...View the full answer
Answered By
Rodrigo Louie Rey
I started tutoring in college and have been doing it for about eight years now. I enjoy it because I love to help others learn and expand their understanding of the world. I thoroughly enjoy the "ah-ha" moments that my students have. Interests I enjoy hiking, kayaking, and spending time with my family and friends. Ideal Study Location I prefer to tutor in a quiet place so that my students can focus on what they are learning.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
Students also viewed these Accounting questions
-
From the following trial balance of Hills Cleaners (Figure), prepare the following: 1. Income statement 2. Statement of owners equity 3. Balancesheet HILL'S CLEANERS TRIAL BALANCE MAY 31, 201X Dr. Cr...
-
From the following trial balance, complete a worksheet for Jims Hardware of Halifax: Assumptions a. and b. Ending inventory on December 31 is calculated at $315 c. Insurance expired, $150 d....
-
From the trial balance in Figure, complete a worksheet for Jacks Hardware. Assume the following: a/b. Ending inventory on December 31 is calculated at $320. c. Insurance expired, $150. d....
-
How many of the following could be valid JDBC URL formats for an imaginary driver named magic and a database named box? A. Only first B. Only second C. Only third D. first and second E. first and...
-
Phone calls arrive at a rate of = 0.2/h. What is the probability that there are five or more calls in 9 h? Find and sketch the Poisson distribution associated with the given rate . and duration t,...
-
Which of these two bonds offers the highest current yield? Which one has the highest yield to maturity? a. A 6.55 percent, 22-year bond quoted at 52.000 b. A 10.25 percent, 27-year bond quoted at...
-
Describe elements of religion, including sacred narrative, symbols and supernatural beings, states, and powers.
-
The following transactions of Houston Pharmacies occurred during 2015 and 2016: 2015 Jan. 9 Purchased computer equipment at a cost of $13,000, signing a six-month, 9% note payable for that amount. 29...
-
Current Attempt in Progress Whispering Winds Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $575,000, would have a...
-
Mr B aged 52 years, has earned rupees 75,00,000 out of his business. His ex-wife gifted him a car worth rupees 8 lakh. He spent a total of rupees 20 lakh during a family trip. He won a lottery of 16...
-
From the following adjustment data, calculate the adjustment amount and record appropriate debits or credits: Data Table a. Supplies purchased, $900. Supplies on hand, $150. b. Office equipment,...
-
From the completed worksheet in Exercise 4B-4, prepare In Exercise 4B-4 A. An income statement for October. b. A statement of owners equity for October. c. A balance sheet as of October 31,201X. J....
-
For problems ag build a linear programming model for each player's decisions and solve it both geometrically and algebraically. Assume the row player is maximizing his payoffs which are show in the...
-
Ivan, an industrial engineering student, is working on a homework problem for Engineering Economy. He needs to calculate the PW at 12 percent of a cash flow series with \(\$ 1,000\) at \(t=3, \$...
-
How is the BlackScholesMerton formula for valuing a European option on a non-dividend-paying stock adjusted to value a European option on an asset providing a known dividend yield?
-
An inline filter has an estimated life of 9 years. By adding a purifier to the filter, savings of \(\$ 300\) in annual operating costs can be obtained. Annual interest on capital is 8 percent....
-
With a state-space structure, prove that, by choosing \(a_{11}=a_{22}=\cos \left(\omega_{0} ight)\) and \(a_{21}=\) \(-a_{12}=-\sin \left(\omega_{0} ight)\), the resulting oscillations in states...
-
Determine whether the polynomials below can be the denominator of a causal stable filter: (a) \(z^{5}+2 z^{4}+z^{3}+2 z^{2}+z+0.5\) (b) \(z^{6}-z^{5}+z^{4}+2 z^{3}+z^{2}+z+0.25\) (c) \(z^{4}+0.5...
-
A backup system on the space shuttle that removes carbon dioxide is canisters of LiOH. Th is compound reacts with CO 2 to produce Li 2 CO 3 and water. How many grams of CO 2 can be removed from the...
-
In Problems, solve each system of equations. x + 2y + 3z = 5 y + 11z = 21 5y + 9z = 13
-
Why are logical models valuable tools for systems analysts?
-
The total wage expense for Orange Co. was $150,000. Of this total, $26,000 was above the OASDI wage base limit and not subject to this tax. All earnings are subject to Medicare tax, and $62,000 was...
-
At the end of the first quarter of 201X, you are asked to determine the FUTA tax liability for Ali Company. The FUTA tax rate is 0.8% on the first $7,000 each employee earns during the year (assuming...
-
From the following data, estimate the annual premium for workers compensationinsurance: Type of Work Office Repairs Estimated Payroll $28,000 85,000 Rate per $100 $0.15 1.86
-
You obtained job-related information about the HR assistant position from O*Net. Answer the following sections based on that information. QUESTIONS: The following is the list of questions included in...
-
Marcia Stanton is the new manager of the materials storeroom for Taylor Manufacturing. Marcia has been asked to estimate future monthly purchase costs for part #696, used in two of Taylor's products....
-
Miller Company's contribution format income statement for the most recent month is shown below: Sales (37,000 units) Variable expenses Contribution margin Fixed expenses Net operating income...
Study smarter with the SolutionInn App