Cadence Elliot, CPA, had the following partial worksheet: Requirements 1. Complete the worksheet. 2. Prepare the closing
Question:
Requirements
1. Complete the worksheet.
2. Prepare the closing entries for Cadence Elliot, CPA.
Transcribed Image Text:
CADENCE ELLIOT, CPA Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Names Debit Credit DebitCredit Debit Credit Debit Credit Debit Credit Cash Accounts Receivable Office Supplies Prepaid Rent Furniture Accumulated Depreciation Furniture Building Accumulated Depreciation- Building Land Accounts Payable Utilities Payable Salaries Payable Interest Pavable Unearned Revenuse Notes Payable Common Stock Retained Earnings Dividends envice Revenue Rent Expense Salaries Expense Supplies Expense Utilities Expense Depreciation Expense-Furniture Depreciation Expense Building Interest Expense Total $ 45,500 9,300 700 10,000 27,000 45,500 13.700 100 7.300 27,000 h) S 4,400 600 (b) 2,700 (a) 1,400 (c) 850 (d) $ 1,400 15,000 15.000 850 25,000 25,000 5,200 500 4,000 900 1,600 22,000 110,000 00,800 5,200 500 4,000 ( 900 (g) 2,000 (e) 22,000 110,000 100,800 400 30,000 30,000 98,000 4,800 e,h) 102,800 25,000 32,000 () 2,700 ( 4,000 600 27,700 36,000 600 19,000 1.400 850 900 19,000 () 1400 850 900 S 338,500338,500 S 15,250 S 15,250 $ 350,050 350,050
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
Requirement 1 CADENCE ELLIOT CPA Worksheet December 31 2016 Account Names Unadjusted Trial Balance A...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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 Accounting questions
-
Cynthia Ebersole, CPA had the following partial worksheet as follows: Requirements 1. Complete the worksheet. 2. Prepare the closing entries for Cynthia Ebersole,CPA. CYNTHIA EBERSOLE, CPA Workshout...
-
Prepare a formal income statement from the following partial worksheet for Porters Pants Co. of Hantsport. PORTER'S PANTS CO. PARTIAL WORKSHEET FOR YEAR ENDED DECEMBER 31, 2012 Income Statement r....
-
Prepare the closing entries for Wagner Services, Inc., on August 31, 2010. Refer to E7.15. Given this adjusted trial balance for Wagner Services, Inc., prepare the income statement and statement of...
-
As CEO of your company, youve been going over your financial statements and have noticed something disturbing. You perform a horizontal analysis and find that sales have been increasing at a rate of...
-
Professional organizations are authorized by legislation to regulate their own members in terms of controlling permission to practice, setting standards, and imposing discipline. Can the public...
-
A newspaper reporter asked an SRS of 100 residents in a large city for their opinion about the mayors job performance. Using the results from the sample, the C% confidence interval for the proportion...
-
Consider the kinematic viscosity data in Table B.10. a. Perform a thorough residual analysis of these data. b. Identify the most appropriate transformation for these data. Fit this model and repeat...
-
Horn Company accumulates the following adjustment data at December 31. Indicate (a) The type of adjustment (prepaid expense, accrued revenues and so on), and (b) The status of accounts before...
-
Consider a function f: Nx N N given by f(x, y) = 37". For what natural n, is 21.5"-3 in the image of f? Enter the numerical value.
-
The following data apply to a closed link traverse [like that of Figure 9.1(b)]. Compute preliminary azimuths, adjust them, and calculate departures and latitudes, misclosures in departure and...
-
Allen Insurance Agency started the year with a beginning Retained Earnings balance of $24,500. During the year, Allen earned $34,000 of Service Revenue and incurred $22,500 of various expenses....
-
Matthews Bowling Alleys adjusted trial balance as of December 31, 2016, is presented below: Requirements 1. Prepare the closing entries for Matthews Bowling Alley. 2. Prepare a post-closing trial...
-
Factor the given expressions completely. s 2 s 42
-
A firm has developed the following supply, demand, cost and inventory data. Supply Capacity (units) Overtime 10 15 10 Period 1 2 3 Regular 45 35 35 Initial Inventory Regular time cost /unit Overtime...
-
: Using the Snook-Ciriello table provided evaluate the two manual handling tasks given below. Find the maximum acceptable weight for %75 of the male population. Write down the parameters you used to...
-
Prepare the following documents 1 General Journal 2 T accounts 3 Trial Balance 4 Income statement 5 Owner Equity 6 Balance Sheet Note 1 Computer Equipment linear depreciation on 36 months, residual...
-
Draw shear force and bending moment diagrams for the following beam. Find the maximum shear force (in magnitude) and maximum bending moment (in magnitude), as well as their locations. 1 Draw FBD 2...
-
Analyze two cases of lateral earth pressure such as the lateral earth pressure at rest for the first one whereas the second case will be the analysis of active earth pressure. For each case,...
-
Cost of ordering materials $400; number of purchase orders 200. Calculate the cost driver rate per order.
-
As of January 1, 2018, Room Designs, Inc. had a balance of $9,900 in Cash, $3,500 in Common Stock, and $6,400 in Retained Earnings. These were the only accounts with balances in the ledger on January...
-
Emerson St. Paul Book Shops accounts at June 30, 2015, included the following unadjusted balances: Merchandise Inventory .........$ 5,400 Cost of Goods Sold ......... 40,300 Sales Revenue ..............
-
The adjusted trial balance of Budget Business Systems at March 31, 2015, follows: Requirements 1. Journalize the required closing entries at March 31, 2015. 2. Set up T-accounts for Income Summary;...
-
Prepare Budgets single-step income statement for the year ended March 31, 2015. The adjusted trial balance of Budget Business Systems at March 31, 2015,follows: BUDGET BUSINESS SYSTEMS Adjusted Trial...
-
Using the following information: a. The bank statement balance is $3,048. b. The cash account balance is $3,300. c. Outstanding checks amount to $755. d. Deposits in transit are $809. e. The bank...
-
Determine the average tax rate and the marginal tax rate for each of the following instances: Use the Tax Tables for taxpayers with taxable income under $ 1 0 0 , 0 0 0 and the Tax Rate Schedules for...
-
A machine was bought on 1 st January 2 0 1 7 for $ 1 2 , 0 0 0 . The policy is to depreciate the machine at 1 0 % on reducing balance method at the end of each year, ending on 3 1 st December....
Study smarter with the SolutionInn App