The unadjusted trial balance of Data Solution at November 30, 2024, follows: Additional information at November 30,
Question:
The unadjusted trial balance of Data Solution at November 30, 2024, follows:
Additional information at November 30, 2024:
a. Accrued Service Revenue, $800.
b. Depreciation, $350.
c. Accrued Salaries Expense, $650.
d. Prepaid Rent expired, $700.
e. Office Supplies used, $550.
Requirements
1. Complete Data Solution’s worksheet for the month ended November 30, 2024.
2. How much was net income for November?
DATA SOLUTION Unadjusted Trial Balance November 30, 2024 Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Pryor, Capital Pryor, Withdrawals Service Revenue Depreciation Expense-Equipment Salaries Expense Rent Expense Utilities Expense Supplies Expense Total Balance Debit $ 4,400 3,100 1,800 3,100 30,200 2,900 2,100 700 $ 48,300 Credit $1,500 5,100 32,900 8,800 $ 48,300
Step by Step Answer:
1 2 Net income for November was 4550 Account Names Cash Accounts Receivable Prepaid Rent ...View the full answer
Horngrens Accounting The Financial Chapters
ISBN: 9780136162186
13th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
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 unadjusted trial balance of Data Solution at November 30, 2018, follows: Additional information at November 30, 2018: a. Accrued Service Revenue, $800. b. Depreciation, $350. c. Accrued Salaries...
-
Data for the unadjusted trial balance of Mexican Riviera Tanning Salon at March 31, 2012, follow. .:. Adjusting data for March 2012 are: a. Accrued service revenue, $2,600. b. Supplies used in...
-
At December 31, the unadjusted trial balance of H& R Tacks reports Supplies of $ 9,000 and Supplies Expense of $ 0. On December 31, supplies costing $ 7,700 are on hand. Prepare the adjusting journal...
-
MW Canada developed a 90-hour technical training program that was delivered over two months. Because it enabled the loom mechanics to act more independently with less downtime if the total cost was...
-
a. If a sample of size 10 has a linear correlation coefficient of 0.60, is there significant reason to conclude that the linear correlation coefficient of the population is positive? Usea = 0.01 . b....
-
A gas has the equation of state \[\frac{p v_{m}}{\Re T}=1+N p+M p^{2}\] where \(N\) and \(M\) are functions of temperature. Show that the equation of the inversion curve is \[p=-\frac{\mathrm{d}...
-
Discuss the historical role of HR benchmarking and its strengths and weaknesses as part of a metrics and analytics program in organizations today.
-
Using principles from physics it can be shown that when a cable is hung between two poles, it takes the shape of a curve y = f(x) that satisfies the differential equation where p is the linear...
-
2) How much will you have accumulated, if you annually invest $3000 into an IRA at 12% interest compounded bi-annually for: a. 10 year b. 20 years c. 50 years d. How long will it take to earn your...
-
Rancho Foods deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data required to reconcile the bank statement as of May 31 have been taken from...
-
Chefs Catering completed the following selected transactions during May 2024: Requirements 1. Show whether each transaction would be handled as a revenue or an expense using both the cash basis and...
-
End of the Line Montana Refrigeration has these account balances at December 31, 2024: Requirements 1. Calculate End of the Line Montana Refrigerations current ratio. 2. How much in current assets...
-
Analyze the equation; that is, find the center, foci, and vertices of each ellipse. Graph each equation. (x 3) 4 (y + 1) : 1
-
What is the problem with awarding damages for pain and suffering? a. How do day-in-the-life videos assist jurors? b. How does the per diem technique assist attorneys in making their arguments...
-
When is contributory negligence not a defense?
-
True Or False Punitive damages are designed to make a plaintiff whole.
-
A waiver of liability will not be enforced a. for intentional torts but will be enforced for willful and wanton or gross negligence. b. unless it is expressed in language that is clear and...
-
What is the last-clear-chance doctrine and when is it used? a. What variations to this doctrine exist? b. What is the first-clear-chance doctrine? c. When is the last-clear-chance doctrine not...
-
In the Consolidated Power hypothesis test of H0: < 60 versus Ha: > 60 (as discussed in Exercise 9.47) find the sample size needed to make the probability of a Type I error equal to .025 and the...
-
The unadjusted trial balance of Secretarial Services is as follows: SECRETARIAL SERVICES Unadjusted Trial Balance as at 31 December 2017 Account Debit Credit Cash at bank Office supplies Prepaid...
-
In 2018, you purchased 10,000 common shares of your friends company, Kingston Technologies Inc., at a market price of $25.00 per share. On December 31, 2020, the company reported the following...
-
Nest Corp. reports the following transactions for 2020: Jan. 27 Sold 30,000 common shares for $10 per share. Feb. 1 Sold 6,000 shares of $1.50, noncumulative, preferred shares for $70 per share. Oct....
-
RMA Corporation Inc. completed the following selected transactions during 2020: Mar. 4 Declared a cash dividend on the 30,000, $1.40 preferred shares. Declared a $0.20 per share cash dividend on the...
-
Consider the market for pollution reduction within the dumping of Nuclear Leakage into public water context. Below, MC2 is the firms' true marginal cost of reduction, and MC1 is the government's best...
-
) You have been provided with 2020 and 2021 financial statement information (in Millions) for Midnights Inc. a) Prepare a statement of comprehensive income for Midnights Inc. for 2020 and 2021. Make...
-
All earnings generated are paid out as dividends since the product market for its product isstable and expects no growth. The debt consists of perpetual bonds.Required:a) What are Ekovest Bhd's...
Study smarter with the SolutionInn App