Adjustment data: 1. 2. 3. 4. Supplies on hand are valued at $1,376. Accrued salaries payable...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Adjustment data: 1. 2. 3. 4. Supplies on hand are valued at $1,376. Accrued salaries payable are $430. Depreciation for the month is $215. $559 of services related to the unearned service revenue has not been performed by month-end. 11/1 Bal. 11/10 11/19 11/22 11/29 11/30 Bal. 11/1 Bal. 11/12 11/29 11/30 Bal.. Cash 7,740 11/8 1,634 11/20 4,635 11/28 1,978 11/29 581 11/29 3,004 Accounts Receivable 1,926 11/10 4,730 11/19 602 894 3,053 6,490 2,580 323 1,118 1,634 4,730 11/11 11/30 Bal. 11/1 Bal. 11/27 11/1 Bal.. 11/25 11/30 Bal. Inventory 6,880 11/12 11/15 11/20 3,050 Supplies 21,500 4,300 25,800 740 1,462 Equipment 3,440 258 132 11/15 11/20 11/28 Accumulated Depreciation-Equipment 11/1 Bal. Accounts Payable 258 11/1 Bal. 6,622 11/11 2,580 11/25 11/27 11/30 Bal. 2,924 6,880 4,300 1,462 6,106 860 11/8 > Unearned Service Revenue 11/1 Bal. 11/29 Salaries and Wages Payable 1,462 11/1 Bal. Common Stock 11/1 Bal. 11/30 Bal. 17,200 17,200 3,440 581 1,462 Retained Earnings 11/1 Bal. Service Revenue 11/22 11/29 Depreciation Expense Supplies Expense 6,020 1,978 602 11/8 11/29 11/29 Salaries and Wages Expense 1,591 1,118. Rent Expense 323 Sales Revenue 11/12 4,730 11/12 11/19 Cost of Goods Sold 3,440 Sales Discounts 95 Adjustment data: 1. 2. 3. 4. Supplies on hand are valued at $1,376. Accrued salaries payable are $430. Depreciation for the month is $215. $559 of services related to the unearned service revenue has not been performed by month-end. 11/1 Bal. 11/10 11/19 11/22 11/29 11/30 Bal. 11/1 Bal. 11/12 11/29 11/30 Bal.. Cash 7,740 11/8 1,634 11/20 4,635 11/28 1,978 11/29 581 11/29 3,004 Accounts Receivable 1,926 11/10 4,730 11/19 602 894 3,053 6,490 2,580 323 1,118 1,634 4,730 11/11 11/30 Bal. 11/1 Bal. 11/27 11/1 Bal.. 11/25 11/30 Bal. Inventory 6,880 11/12 11/15 11/20 3,050 Supplies 21,500 4,300 25,800 740 1,462 Equipment 3,440 258 132 11/15 11/20 11/28 Accumulated Depreciation-Equipment 11/1 Bal. Accounts Payable 258 11/1 Bal. 6,622 11/11 2,580 11/25 11/27 11/30 Bal. 2,924 6,880 4,300 1,462 6,106 860 11/8 > Unearned Service Revenue 11/1 Bal. 11/29 Salaries and Wages Payable 1,462 11/1 Bal. Common Stock 11/1 Bal. 11/30 Bal. 17,200 17,200 3,440 581 1,462 Retained Earnings 11/1 Bal. Service Revenue 11/22 11/29 Depreciation Expense Supplies Expense 6,020 1,978 602 11/8 11/29 11/29 Salaries and Wages Expense 1,591 1,118. Rent Expense 323 Sales Revenue 11/12 4,730 11/12 11/19 Cost of Goods Sold 3,440 Sales Discounts 95
Expert Answer:
Answer rating: 100% (QA)
Adjusting Entries Date Nov 30 Nov 30 Nov 30 Nov 30 111 Bal 1127 1130 Bal Blank Blank Ref No 1 1130 B... View the full answer
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Posted Date:
Students also viewed these accounting questions
-
Consider the following time series: t 1 2 3 4 5 6 7 yt 120 110 100 96 94 92 88 A. Construct a time series plot. What type of pattern exists in the data? B. Use excel solver or lingo to find the...
-
please round to four decimal places 1 2 3 4 5 7 8 9 D 1 6 7 16.5 12.5 15.4 12.8 15.1 14.7 8 11.8 9 14.6 10 15.3 11 15.6 12 13.3 13 11.8 14 16.8 15 11.6 6 13.8 14 16.8 16.7 14.5 16.5 12.6 17 x1 B 510...
-
Consider the following time series: t 1 2 3 4 5 Yt 6 11 9 14 15 a. Construct a time series plot. What type of pattern exists in the data? b. Use Excel Solver or LINGO to find the parameters for the...
-
State whether the following statement are True or False An increase in the owner(s) equity, in the absence of any further investment by the owners is typically effected by sale transactions.
-
Chris Vining organized The Herbal Shoppe at the beginning of February 20Y4. During February, The Herbal Shoppe entered into the following transactions: a. Chris Vining invested $25,000 in The Herbal...
-
Figure P32.16 shows, for a circuit consisting of one element and an \(\mathrm{AC}\) source, the current through the element as a function of time and the potential difference across the element. Is...
-
In order to determine how well or how badly each salesperson is performing, a sales manager needs an appraisal system. Why is this important, and what questions should such an appraisal system be...
-
Charlies Pets succeeded so well that Charlie decided to manufacture his own brand of chewing boneFido Treats. At the end of December 2012, his accounting records showed the following: Requirements 1....
-
The cost to build your own network firewall is $10,000 plus $100 daily maintenance. The cost to outsource this is $5,000 plus $200 daily maintenance. What is the break-even point, when the cost to...
-
Read the case XYZ Company: An Integrated Capital Budgeting Instructional Case and answer the following question: Should the replacement asset be purchased? That is, does it make economic (financial)...
-
You are the experienced assistant auditor for the audit of Technology Inc. (the "Company"), whose audit is subject to the standards of the AICPA. Your engagement team has identified risks of material...
-
DECIDING ON A CLUB ENTERPRISE 1. Suppose your club wants to earn money by selling hotdogs at local basketball games. 2. You believe you could sell 3,000 hotdogs during the 12-game season at a price...
-
Red Royal Consulting has a weighted-average cost of capital of 8.51 percent and is evaluating two projects: A and B. Project A involves an initial investment of 4,527 dollars and an expected cash...
-
SUMMARY OUTPUT Regression Statistics Multiple R 0.945364 R Square 0.893714 Adjusted R 0.88812 Standard E 1.211465 Observatic 61 ANOVA Regression Residual Total df SS MS F 3 703.4257 234.4752 159.7625...
-
4. The cost of sales figure is arrived at before taking the following transactions into account: 4.1. On 15 April 2022, Bontlefela purchased swim wear material costing $19 200 from a company situated...
-
The accompanying image features two charged objects: a 1 . 0 ?m radius sphere with its center at the origin and a long straight rod parallel to the z - axis, passing through the point ( 0 , 2 , 0 ) ...
-
If RGDP rises in the United States, the the US dollar to will demand for US dollars; decrease; depreciate supply of US dollars; decrease; appreciate demand for US dollars; increase; appreciate ...
-
What services are provided by the provincial and territorial governments?
-
The net income for Bohnert Co. for 2012 was $280,000. For 2012, depreciation on plant assets was $70,000, and the company incurred a loss on sale of plant assets of $28,000. Compute net cash provided...
-
The following information was taken from the 2009 financial statements of FedEx Corporation, a major global transportation/delivery company. InstructionsAnswer each of the following questions.(a)...
-
The following information is taken from Lima Corp.??s balance sheet at December 31, 2011. Interest is payable annually on January 1. The bonds are callable on any annual interest date. Lima uses...
-
Using only the linear part of the moisture absorption curve for a temperature of \(77^{\circ} \mathrm{C}\) in Figure 5.12, and assuming a thickness of \(2.54 \mathrm{~mm}\), estimate the diffusivity...
-
The filament-wound E-glass/epoxy pressure vessel described in Example 4.4 is to be used in a hot-wet environment with temperature \(T=100^{\circ} \mathrm{F}\) \(\left(38^{\circ} \mathrm{C} ight)\)...
-
For the composite properties and environmental conditions described in Examples 3.6, 4.7, and 5.3, determine the hygrothermally degraded values of the longitudinal and transverse tensile strengths....
Study smarter with the SolutionInn App