Using the chart of accounts in Figure 2-1, determine the changes to the balance sheet, income statement,
Question:
CHART OFACCOUNTS
Transcribed Image Text:
110 Cash 120 Accounts Receivable-Trade 121 Accounts Receivable-Retention 130 Inventory 140 Costs and Profits in Excess of Billings 150 Notes Receivable 160 Prepaid Expenses 199 Other Current Assets 730 Repairs and Maintenance 740 Fuel and Lubrication 750 Taxes, Licenses, and Insurance 798 Equipment Costs Charged to Employees 799 Equipment Costs Charged to Jobs 805 Advertising 806 Promotion 810 Car and Truck Expenses 811 Computer and Office Furniture 812 Repairs and Maintenance 819 Depreciation 820 Employee Wages and Salaries 821 Employee Benefits 822 Employee Retirement 823 Employee Recruiting 824 Employee 825 Employee Taxes 830 Insurance 835 Taxes and Licenses 840 Office Supplies 841 Office Purchase 842 Office Rent 843 Office Utilities 844 Postage and Delivery 845 Janitorial and Cleaning 846 Telephone 850 Charitable Contributions 855 Dues and Memberships 860 Publications and Subscriptions 865 Legal and Professional Services 870 Meals and Entertainment 875 Travel 880 Bank Fees 881 Interest Expense 885 Bad Debts 891 Unallocated Labor 892 Unallocated Materials 893 Warranty Expense 898 Miscellaneous 899 Overhead Charged to Jobs 210 Building and Land 220 Construction Equipment 230 Trucks and Autos 240 Office Equipment 250 Less Acc. Depreciation 260 Capital Leases 299 Other Assets 310 Accounts Payable-Trade 311 Accounts Payable-Retention 320 Billings in Excess of Costs and Profits 330 Notes Payable 340 Accrued Payrol 341 Accrued Payables 342 Accrued Taxes 343 Accrued Insurance 344 Accrued Vacation 350 Capital Leases Payable 360 Warranty Reserves 379 Other Current Liabilities 380 Long-Term Liabilities 10 Capital Stock 420 Retained Earnings 430 Current Period Net Income 500 Revenue 610 Materials 620 Labor 630 Subcontract 640 Equipment 650 Other 710 Rent and Lease Payments 720 Depreciation 910 Other Income 920 Other Expense 950 Income Tax
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 88% (17 reviews)
The solution is as follows ...View the full answer
Answered By
Uttam Sarkar
I have done my B.Sc(Hons) in mathematics from M.B.B. college .Now I am doing my MSc in Mathematics from Tripura University. I have been teaching students since last 4 years.My teaching method is so simple first of all know the requirements of question then try to solve it.
0.00
0 Reviews
10+ Question Solved
Related Book For
Construction accounting and financial management
ISBN: 978-0135017111
2nd Edition
Authors: Steven j. Peterson
Question Posted:
Related Video
A diluted mixture of shampoo and water is ideal for the wiper washer reservoir. It cleans the damage owing to the heat and usage, wiper blades tend to get hard or worn out which may lead to scratches on your windshield. Soapy water helps the wipers to work smoothly and also helps to clean dust or smudges. It is too hard for the wipers to work properly.
Students also viewed these Finance questions
-
Which of the following statements are true? Select all that apply and click on Submit Different companies will use different charts of accounts based on individual company need. The chart of accounts...
-
The chart of accounts must be tailored to an organizations specific needs. Discuss how the chart of accounts for the following organizations would differ from the one presented for S&S in Table. a....
-
Using the chart of accounts for Nathan Fox from Problem 11A-2, record the following transactions in the synoptic journal and then prove the journal. (Beginning balances are in your Study Guide with...
-
Prove that if a planetary orbit is circular of radius R, then vT = 2R, where v is the planets speed (constant by Exercise 7) and T is the period. Then use Keplers Third Law to prove that Data From...
-
A 10.2 MeV Li nucleus is shot directly at the center of a Ds nucleus. At what center-to-center distance does the Li momentarily stop, assuming the Ds does not move?
-
A home microwave oven uses electromagnetic waves with a wavelength of about 12.2 cm. Some 2.4-GHz cordless telephones suffer noisy interference when a microwave oven is sed nearby. Locate the waves...
-
In what ways did the social-person and human relations approach influence management?
-
Selzik Company makes super-premium cake mixes that go through two processing departments- Blending and Packaging. The following activity was recorded in the Blending Department during July:...
-
Add and write the result in standard form. (15x29) + (-8.3x3 14.7x217)
-
Select Shepardize. For the case of Harris v. Cincinnati, 79 Ohio App. 3d 163, 607 N.E. 2d 15 (1992), how many citing decisions are listed? Are there any cases showing a negative history? How many law...
-
Using the chart of accounts in Figure 2-1, determine the changes to the balance sheet, income statement, job cost ledger, and equipment ledger as the result of billing a client $368,264 for Job 313....
-
Using the chart of accounts in Figure 2-1, determine the changes to the balance sheet, income statement, job cost ledger, and equipment ledger as the result of purchasing a new loader (Loader 3) to...
-
A statistics student who was interested in credit card debt asked a random sample of students for the total amount of their credit card debt. We eliminated the two women and the one man who had a...
-
In an exculpatory clause, which of the following statements is true? a. One party agrees that the other party is not mentally incompetent. b. One party releases the other party from liability in the...
-
Some states statutes restrict minors from avoiding certain contracts, including for necessaries. (True/False)
-
In a jewelry store, April takes a diamond ring from the counter and puts it in her pocket. She walks three steps toward the door before the manager stops her. April is arrested and charged with...
-
Walking in Dons air-conditioned market on a hot day with her sisters, four-year-old Silvia drops her ice cream on the floor near the dairy case. Two hours later, Jan stops to buy milk, slips on the...
-
How can an offeror or offeree terminate an offer?
-
Use your knowledge of electronegativities, but do not refer to tables or figures in the text, to arrange the following bonds in terms of increasing ionic character: CH, FH, NaCl, BrH, KF.
-
Write electron configurations for the following ions, and determine which have noble-gas configurations: (a) Cd2+ (b) p3- (c) Zr4+ (d) Ru3+ (e) As3- (f) Ag+
-
Define and distinguish between a Private Letter Ruling, a Determination Letter, and a Technical Advice Memorandum.
-
How does depreciation change the NPV?
-
Your company has $200,000 to invest and has identified the following three investments: Investment A requires an initial investment of $130,000 and has an annual rate of return of 12%. Investment B...
-
Your company has $100,000 to invest and has identified the following three investments: Investment A requires an initial investment of $70,000 and has an annual rate of return of 15%. Investment B...
-
Suppose that the density (pdf) function for a random variable X is given by f(x) = for 0 x2 and f(x) = 0 otherwise. What is the probability P(0.5 x 1)? Round your answer to four decimal places. 2
-
The minority() function takes three boolean arguments and returns true if at most one of its arguments is true; otherwise, it returns false. Complete two implementations of minority() by filling in...
-
Vandenberg, Inc., produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 2 0 , 0 0 0 ceiling fans and 6 0 , 0 0 0 table fans in the coming year. Product price and...
Study smarter with the SolutionInn App