After the success of the company's first two months, Santana Rey continues to operate Business Solutions....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2021, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021) follows. Number 101 106 126 128 131 163 164 Accumulated depreciation-office equipment 167 Computer equipment 168 Accumulated depreciation-Computer equipment 201 210 236 307 318 319 403 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment 623 637 640 652 655 676 677 684 901 Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent office equipment Account Title Accounts payable Wages payable Unearned computer services revenue Common stock Retained earnings Dividends Computer services revenue Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Income summary Totals Debit $ 38,364 13,318 2,545 2,160 3,060 9,000 22,400 6,200 0 0 2,425 0 0 0 1,698 644 240 755 $ 102,809 Credit $0 0 0 0 0 66,000 0 36,809 0 $ 102,809 After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2021, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021) follows. Number 101 106 126 128 131 163 164 Accumulated depreciation-office equipment 167 Computer equipment 168 Accumulated depreciation-Computer equipment 201 210 236 307 318 319 403 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment 623 637 640 652 655 676 677 684 901 Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent office equipment Account Title Accounts payable Wages payable Unearned computer services revenue Common stock Retained earnings Dividends Computer services revenue Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Income summary Totals Debit $ 38,364 13,318 2,545 2,160 3,060 9,000 22,400 6,200 0 0 2,425 0 0 0 1,698 644 240 755 $ 102,809 Credit $0 0 0 0 0 66,000 0 36,809 0 $ 102,809
Expert Answer:
Related Book For
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
Posted Date:
Students also viewed these accounting questions
-
Which of the following commands will configure all the default VTY ports on a router? A.Router#line vty 0 4 B.Router(config)#line vty 0 4 C.Router(config-if)#line console 0 D.Router(config)#line vty...
-
After the success of the company?s first two months, Santana Rey continues to operate Business Solutions. (Transactions for the first two months are described in the Chapter 2 serial problem.) The...
-
After the success of the companys first two months, Santana Rey continues to operate Business Solutions. (Transactions for the first two months are described in the Chapter 2 serial problem.) The...
-
+9.33 x 10 C +91 Find the net force on 92. 0.180 m +4.22 x 10 C +92 0.230 m- -8.42 x 10 C 93 F = force exerted on q2 by 91 F3 = force exerted on 92 by 93 F = 10.9 N F3 = 6.04 N Remember: Forces...
-
Use the date in P 7 for this problem. Required 1. Prepare entries in journal form to record the transactions, assuming use of the periodic inventory system. (Use the Review Problem in this chapter as...
-
Determine the natural frequency of vibration of the disk of weight W. Assume the disk does not slip on the inclined surface. Given: W = : 20 lb
-
Consider the following cash flow profile and assume MARR is 10 percent/year. a. What does Descartes' rule of signs tell us about the IRR(s) of this project? b. What does Norstrom's criterion tell us...
-
The following information pertains to Mason Company for 2016: Beginning inventory ...... 90 units @ $40 Units purchased ........310 units @ $45 Ending inventory consisted of 30 units. Mason sold 370...
-
Phelps competed at the Olympics. He won several gold medals and cash prizes, all worth $300,000. In addition, in the year that Phelps competed in the Olympics, he received several commercial...
-
KEW Enterprises began operations in January 20X1 to manufacture a hand sanitizer that promised to be more effective and gentler on the skin than existing products. Family members, one of whom was...
-
TIAA Inc. is considering a capital expansion project. The initial investment of undertaking this project is $343,008. This expansion project will last for five years. The net operating cash flows...
-
Pick a research paper from the literature as related to the program you are studying and design a poster based on that paper Design a poster in Microsoft Powerpoint on the A4 paper size (either in...
-
how should I plan my literature review if I want to study the application and impact of digital technology in retail operations management? Should I include three sections, i.e. digital technology,...
-
You are analysing the results of ABC REIT as at December 31, 20X0. ABC REIT has 15,000,000 units outstanding with each unit trading at $100. You estimate the market value of its assets $2,500,000,000...
-
Marketing manager, Wilfred Scott discovered that one of the market segments he was targeting turned out to be unprofitable. To fix the problem, Wilfred could_______. Merge that segment with a...
-
What does it mean to call a message "highly person-centered," and why does the person- centeredness of a message matter, according to Constructivism? In addition, how is the use of person-centered...
-
15 21 4 5 6 1 -- 7 8 ww 9 Question 2 (Mandatory) (1 point) Group brainstorming encourages all of the following EXCEPT: Team building Analysis of alternatives Convergent thinking Uninhibited...
-
Describe a group you belong or have belonged discuss the stages of group development and suggest how to improve the group effectiveness by using the group development model.
-
Sweetgreen, launched by entrepreneurs Nic Jammet, Jon Neman, and Nate Ru, is a fast-casual restaurant brand devoted to healthy salad choices. The company also sells T-shirts, hats, and other apparel....
-
Use the following information (in random order) from a merchandising company and from a service company. Hint: Not all information may be necessary for the solutions. a. For the merchandiser only,...
-
A six-column table for Yan Consulting Company follows. The first two columns contain the unadjusted trial balance for the company as of December 31, 2017, and the last two columns contain the...
-
On January 1, 2015, Meredith Corporation purchased 25% of the ordinary shares of Pirates Company for 200,000. During the year, Pirates earned net income of 80,000 and paid dividends of 20,000....
-
Cairo Corporation has government bonds classified as held-for-collection at December 31, 2015. These bonds have a par value of \($800\),000, an amortized cost of \($800\),000, and a fair value of...
-
Komissarov Company has a debt investment in the bonds issued by Keune Inc. The bonds were purchased at par for 400,000 and, at the end of 2015, have a remaining life of 3 years with annual interest...
Study smarter with the SolutionInn App