The trial balance columns of the worksheet using a perpetual inventory system for Balistreri Company at June
Question:
Other data:
Operating expenses incurred on account, but not yet recorded, total $1,500.
Instructions
Enter the trial balance on a worksheet and complete the worksheet.
Transcribed Image Text:
Balistreri Company Worksheet For the Month Ended June 30, 2020 Trial Balance Debit Account Titles Credit Cash 1,920 2,440 Accounts Receivable Inventory Accounts Payable Owner's Capital 11,640 1,120 3,500 42,500 Sales Revenue Cost of Goods Sold 20,560 10,560 Operating Expenses 47,120 47,120
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (15 reviews)
BALISTRERI COMPANY Worksheet For the Month Ended June 30 2020 Accou...View the full answer
Answered By
Muhammad Mahtab
everyone looks that their work be perfect. I have more than a five year experience as a lecture in reputable institution, national and international. I provide perfect solution in marketing, case study, finance problems, blog writing, article writing, business plans, strategic management, human resource, operation management, power point presentation and lot of clients need. Here is right mentor who help clients in their multi-disciplinary needs.
5.00+
3+ Reviews
14+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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 Business questions
-
The adjusted trial balance of Kelvin Newton, Attorney-at-Law, as of November 30, 2019, after the company had completed the first month of operations, appears below. Appropriate adjustments have been...
-
Lee Management Consulting had the following post-closing trial balance at June 30, 2016. Also shown are the account numbers for each account including the revenue and expense accounts. Consider the...
-
Presented below are selected accounts for Salazar Company as reported in the worksheet using a perpetual inventory system at the end of May 2014. Instructions Complete the worksheet by extending...
-
Baseball Magazine, a domestic corporation, markets pictures of baseball players on its website. Its database server is in the Cayman Islands. Baseball fans access the Web page and use their credit...
-
Pac of the United States purchased all the outstanding stock of Swi of Switzerland for $1,350,000 cash on January 1, 2016. The book values of Swi's assets and liabilities were equal to fair values on...
-
Suppose a 5 x 9 matrix A has four pivot columns. Is Col A = R 5 ? Is Nul A = R 4 ? Explain your answers.
-
A face-centered cubic array of round fibers is shown in Figure 3.6. Derive the relationship between the fiber volume fraction and the given geometrical parameters. What is the maximum possible fiber...
-
Tofias Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review what he had...
-
Under its plan of liquidation, Better Corp will distribute all of its assets to its sole shareholder, Barry. The assets have a FMV of $50,000 and an adjusted basis of $14,000. Barry's basis in Corp...
-
Suppose that the receiver in Figure 7.6 wanted to receive the data being sent by sender 2. Show (by calculation) that the receiver is indeed able to recover sender 2s data from the aggregate channel...
-
The following are selected accounts for McPhan Company as reported in the worksheet using a perpetual inventory system at the end of May 2020. Instructions Complete the worksheet by extending amounts...
-
The trial balance of A. Wiencek Company at the end of its fiscal year, August 31, 2020, includes these accounts: Inventory $19,500; Purchases $149,000; Sales Revenue $190,000; Freight-In $5,000;...
-
The Environmental Protection Agency is examining the relationship between the ozone level (in parts per million) and the population (in millions) of U.S. cities. Part of the regression analysis is...
-
Explain the advantages and disadvantages of an optimum currency area. (b) Explain the conditions under which an optimum currency area would be beneficial to member countries.
-
Explain the concept of database normalization. What are the different normal forms, and how do they contribute to a well-structured relational database? Describe a scenario where denormalization...
-
In an ammonia-absorption system with an analyser but with- out a dephlegmator the following data are given: Condenser pressure Evaporator pressure 20.3 bar 2.1 bar Generator temperature 156C 40C...
-
The Polaris Company uses a job - order costing system. The following transactions occurred in October: Raw materials purchased on account, $ 2 1 1 , 0 0 0 . Raw materials used in production, $ 1 9 1...
-
1. Draw the following figure of a cylinder on a canvas
-
The mobile Internet is growing, with users accessing sites such as Yahoo! Mail, the Weather Channel, ESPN, Google, Hotmail, and Mapquest from their cell phones. The most popular web browsers are...
-
Government is advised to tax goods whose demand curves are inelastic if the goal is to raise tax revenues. If the goal is to discourage consumption, then it ought to tax goods whose demand curves are...
-
(a) What is a lease agreement? (b) What are the two most common types of leases? (c) Distinguish between the two types of leases.
-
(a) What is a lease agreement? (b) What are the two most common types of leases? (c) Distinguish between the two types of leases.
-
(a) What is a lease agreement? (b) What are the two most common types of leases? (c) Distinguish between the two types of leases.
-
The weekly salaries (in dollars) of 24 randomly selected employees of a company are shown below: 310 320 450 460 470 500 520 580 600 650 700 540 710 840 870 900 1000 1200 1250 1300 1400 1720 2500...
-
(a) Assume a non-dividend paying asset St, undergoes geometric Brownian motion dS = S+dt+S+dWt where W is a standard Brownian motion and and are constants. We assume also that r, the risk-free...
-
Eleanor is auditing a large manufacturing company. Currently, she is looking at the entire population of inventory purchases for the year, and matching the purchase order, receiving documentation,...
Study smarter with the SolutionInn App