The accounting records for Airborne Services contain the following amounts on December 31, 2013. The accounts appear
Question:
Service Revenues $79,000
Prepaid Rent 4,000
Accounts Payable 1,000
Equipment 18,000
Dividends 6,000
Utilities Expense $24,000
Note Payable 15,000
Cash 14,000
Rent Expense 36,000
Common Shares 7,000
Prepare the trial balance for Airborne Services, Inc. at December 31, 2013. List the accounts in proper order.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
AIRBORNE SERVICES CORP Trial Balance December 31 2013 BALANC...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-0132889711
1st Canadian Edition
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
Question Posted:
Students also viewed these Cost Accounting questions
-
On December 31, 2020, Tango Corp. sold product to Omat Limited, accepting a 3%, four-year promissory note of $400,000 in exchange. Interest is payable annually on December 31, starting December 31,...
-
The unadjusted trial balance of Whispering Winds Inc. at its year ended December 31, 2020 had the following investments that are held for trading Carrying Amount Fair Value Kirkland Inc. $2...
-
On December 31, 2013, Trade Cards Ltd. completed a physical inventory count that reflected an inventory valuation of $25,000. Theft is suspected; therefore, a reliable estimate of what the inventory...
-
Daniel and Karen Chapman have three children, aged 2, 8 and 11 at the end of the year. The 8 year old is blind and therefore qualifies for the disability tax credit. The other two are in good mental...
-
Why is it important to use marginal weights in calculating a weighted average cost of capital?
-
You have been granted a budget to implement ISO 2 6 0 0 0 guidelines in the organization you selected for the course project. Using the ISO 2 6 0 0 0 framework: Assess your selected organization's...
-
Consider the Latin Square design and data from Bliss and Rose [1940] shown in Table 5.9. a. Use R to compute the ANOVA table. Interpret the results. b. Estimate the treatment effects. Interpret the...
-
Walberg Associates, antique dealers, purchased the contents of an estate for $ 75,000. Terms of the purchase were FOB shipping point, and the cost of transporting the goods to Walberg Associates...
-
Kingsport Containers Company makes a single product with wide seasonal variations in demand. The company uses a job - order costing system and computes plantwide predetermined overhead rates on a...
-
The director of the University Accommodation Office requires you to design a database to assist with the administration of the office. The requirements collection and analysis phase of the database...
-
After operating for a month Shohei Odas DJ services completed the following transactions during July: Jul 3 The business borrowed $25,000 from the bank, signing a note payable. 9 Performed DJ service...
-
Fill in the chart using the first line as an example. The account that is listed on the right column has specific features that you are to list in the chart. For example, Accounts Payable is a...
-
Use Newtons method to find each root to the nearest thousandth. 3
-
The constant-pressure heat capacity of iron around its melting point of 1809 K is 46.02 J mol- K- for Fe(/) and 39.04 J mol- K- for Fe(s) in its face-centred cubic (fcc) allotrope. The standard...
-
A proposed cost-saving device has an installed cost of $695,000. The device will be used in a five-year project but is classified as three-year MACRS property for tax purposes. The required initial...
-
You have been offered a unique investment opportunity. If you invest $ 15000 today, you will receive $750 one year from? now, $2,250 two years from now, and $15,000 ten years from now. a. What is...
-
State the domain, vertical asymptote, and end behavior of the function. g(x) = ln (6x +12) + 1.8 Enter the domain in interval notation. To enter , type infinity. The vertical asymptote is x = As x...
-
Step 1: List 5-10 interview questions Step2: Write down your answers Step 3: Practice with somebody a few times Step 4: Write reflection paper(1. Write about interview preparation such as questions...
-
Ortega Corporation wants to open a branch operation in eastern Europe and must decide between locating the branch in either Country R or Country S. Labor costs are substantially lower in Country R...
-
Prairie Outfitters, Inc., a retailer, accepts paymnent through credit cards. During August, credit card sales amounted to $12,000. The processor charges a 3% fee. Assuming that the credit card...
-
Identify each of the following as (a) A current asset or (b) Property, plant, and equipment: 1. Accounts receivable 2. Building 3. Cash 4. Equipment 5. Prepaid rent 6. Supplies
-
From the following list, identify the accounts that should be closed to Income Summary at the end of the fiscal year: a. Accounts Receivable b. Accumulated DepreciationEquipment c. Depreciation...
-
Which of the following accounts will usually appear in the post-closing trial balance? a. Accounts Payable b. Accumulated Depreciation c. Bo Erath, Capital d. Bo Erath, Drawing e. Cash f....
-
Multiplication of signed operands, which generate a double-length product in the 2's-complement 100 11 MULTIPLICAND (-13) 0 10 1 1 MULTIPLIER (+11) number system. The general strategy is the...
-
panel = Drawing Panel (160, 160) for i in range (0, 10): panel.draw rectangle (20, 20 + 100 10 * 1, 10 i, 10) Write variations of the above program that draw the figures at the lower right as output....
-
John estimated the following cash flows (in $) for a project: A B 1 Year Cash flow 2 0 -5,700 3 1 1,325 4 2 2,148 5 3 3,528 The required return for the project is 8%. What is the IRR for the project?
Study smarter with the SolutionInn App