Using the information given complete the table given below: Additional information: a. Annual depreciation of the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Using the information given complete the table given below: Additional information: a. Annual depreciation of the equipment; $11,300. b. $11,800 of the Prepaid Insurance balance has expired. c. Unbilled and unrecorded revenues at year-end totalled $30,800. Required: Use the information provided to complete the columns. Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation, equipment Accounts payable Abraham Nuna, capital Abraham Nuna, withdrawals Revenues Depreciation expense, equipment Salaries expense Insurance expense Totals $ $ Unadjusted Trial Balance Dr. 13,800 31,800 16,600 108,000 108,000 NUNA MUSIC Trial Balances February 28, 2017 0 Cr. $ 22,800 18,800 211,000 185,700 14,300 478,200 $ 225,600 478,200 $ Adjustments Dr. 0 Cr. Adjusted Trial Balance Dr. Cr. 0 Using the information given complete the table given below: Additional information: a. Annual depreciation of the equipment; $11,300. b. $11,800 of the Prepaid Insurance balance has expired. c. Unbilled and unrecorded revenues at year-end totalled $30,800. Required: Use the information provided to complete the columns. Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation, equipment Accounts payable Abraham Nuna, capital Abraham Nuna, withdrawals Revenues Depreciation expense, equipment Salaries expense Insurance expense Totals $ $ Unadjusted Trial Balance Dr. 13,800 31,800 16,600 108,000 108,000 NUNA MUSIC Trial Balances February 28, 2017 0 Cr. $ 22,800 18,800 211,000 185,700 14,300 478,200 $ 225,600 478,200 $ Adjustments Dr. 0 Cr. Adjusted Trial Balance Dr. Cr. 0
Expert Answer:
Answer rating: 100% (QA)
Based on the information provided in the image and the additional information given we need to make adjustments in the accounts as follows a Annual depreciation of the equipment 11300 This amount will ... View the full answer
Related Book For
College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
Posted Date:
Students also viewed these accounting questions
-
Additional information: a. Annual depreciation of the equipment; $11,500. b. $12,000 of the Prepaid Insurance balance has expired. c. Unbilled and unrecorded revenues at year-end totalled $31,000....
-
Referring to Exhibit 3.22, use the information provided to complete the columns. Additional information: a. Annual depreciation of the equipment; $ 11,500. b. $12,000 of the Prepaid Insurance balance...
-
NUNA MUSIC Tiral Balances February 28 3014 Unadjusted Trial Adjusted Trial Balance Adjustments Balance Account Dr Cr Dr Cr Dr Cr Cash 14000 14000 Accounts receivable 32000 31000 63000 Prepaid...
-
A transparent rod 30.0 cm long is cut flat at one end and rounded to a hemispherical surface of radius 10.0 cm at the other end. A small object is embedded within the rod along its axis and halfway...
-
Disregard the assumptions in part a. What is Shrieves depreciable basis? MINI CASE Shrieves Casting Company is considering adding a new line to its product mix, and the capital budgeting analysis is...
-
Go to the websites for project management tools (besides Microsoft Project), such as Apptivo (www.apptivo.com), GanttProject (www.ganttproject.biz), Gantter (www.gantter.com), and smartsheet...
-
What is the link between the balanced scorecard and strategy?
-
Did GE violate the rules for revenue recognition (pre-2016-change) on the "sale" of its locomotives? Explain.
-
Pfizer is planning to invest in a new vaccine production facility with the following financial details: Initial Investment: $3 billion Estimated Annual Revenue: $1 billion Operating Costs: $600...
-
1. Using the spreadsheet model from Case 2.1 as a starting point, use Solver to find the optimal set of projects to approve. The solution should maximize the total NPV from the approved projects, and...
-
Sabre Corporation is a manufacturing outfit that uses job-order costing. The beginning inventory balances for direct materials, work-in-process inventory, and finished goods inventory was $20,000,...
-
6. Let f(x) = 16-x2. What is the length of the curve defined by f(x) on the interval [-4,4].
-
Weighted average and FIFO in process costing. Which method is more used in practice and why?
-
What important role Pareto Charts play in operations quality management both in domestic and global markets
-
David is the wealthiest resident in his neighborhood. Some of his poorer neighbors have hacked his wireless internet so they can save money for more important things like food and health insurance....
-
what are the benefits and challenges of creating and using budgets.
-
Gino's Restaurant is a popular restaurant in Boston, Massachusetts. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct...
-
Will the prediction interval always be wider than the estimation interval for the same value of the independent variable? Briefly explain.
-
In Problem find the indicated extremum of each function on the given interval. Absolute minimum value on (0, ) for 64 f(x) = 10 + 2x + .2
-
In Problem factor completely. If a polynomial cannot be factored, say so. 6(x - y) 2 + 23(x - y) - 4
-
In Problem use the transition diagram to find S 1 and S 2 for the indicated initial state matrix S 0 . S 0 = [.9 .1] .5 A B .8
-
A ___________ is the range of authoritative requests to which a subordinate is willing to respond without subjecting the directives to critical evaluation or judgment. (a) A zone of indifference (b)...
-
Define organizational politics and give an example of how it operates in both functional and dysfunctional ways.
-
Identify and explain at least three guidelines for the acquisition of (a) position power and (b) personal power by managers.
Study smarter with the SolutionInn App