The trial balance for Greenway Corporation appears as follows: Cash Accounts Receivable Prepaid Insurance Supplies Office...
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The trial balance for Greenway Corporation appears as follows: Cash Accounts Receivable Prepaid Insurance Supplies Office Equipment Greenway Corporation Trial Balance December 31 Accumulated Depreciation, Office Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense $ 300 500 60 140 4,000 1,000 500 $6,500 $ 800 300 1,000 1,400 3,000 $6,500 If the estimated depreciation for office equipment were $800, the adjusting entry would contain a: Select one: O a credit to Accumulated Depreciation, Office Equipment for $800 O b. credit to Depreciation Expense, Office Equipment for $800 Oc debit to Accumulated Depreciation, Office Equipment for $800 O d. credit to Office Equipment for $800 ENG This is the listing of all accounts and unadjusted balances for H20 Water Park at 12/31 H20 Water Park Unadjusted Trial Balance December 31 Cash Supplies Equipment Accumulated Depreciation, Equipment Common Stock Retained Earnings at 1/1 Admissions Revenue Salaries Expense Rent Expense Utilities Expense Uneamed Admission Revenue Prepaid Insurance Select one O a $450 Ob $15.050 Oc $21.450 $ 6,600 5,400 72,000 18,000 50,000 Od $24,450 $16.050 ? 27.600 8,100 According to attendance records, $7,800 of the Unearned Admission Revenue has been earned At December 31st, the amount of supplies on hand is $1,050. Depreciation for the year was $1,000. H20 Water Park Working Capital at 12/31 will be: 5,400 5,700 12,000 12,600 ING Time 121d Sum The trial balance for Greenway Corporation appears as follows: Cash Accounts Receivable Prepaid Insurance Supplies Office Equipment Greenway Corporation Trial Balance December 31 Accumulated Depreciation, Office Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense $ 300 500 60 140 4,000 1,000 500 $6,500 $ 800 300 1,000 1,400 3,000 $6,500 If the estimated depreciation for office equipment were $800, the adjusting entry would contain a: Select one: O a credit to Accumulated Depreciation, Office Equipment for $800 O b. credit to Depreciation Expense, Office Equipment for $800 Oc debit to Accumulated Depreciation, Office Equipment for $800 O d. credit to Office Equipment for $800 ENG This is the listing of all accounts and unadjusted balances for H20 Water Park at 12/31 H20 Water Park Unadjusted Trial Balance December 31 Cash Supplies Equipment Accumulated Depreciation, Equipment Common Stock Retained Earnings at 1/1 Admissions Revenue Salaries Expense Rent Expense Utilities Expense Uneamed Admission Revenue Prepaid Insurance Select one O a $450 Ob $15.050 Oc $21.450 $ 6,600 5,400 72,000 18,000 50,000 Od $24,450 $16.050 ? 27.600 8,100 According to attendance records, $7,800 of the Unearned Admission Revenue has been earned At December 31st, the amount of supplies on hand is $1,050. Depreciation for the year was $1,000. H20 Water Park Working Capital at 12/31 will be: 5,400 5,700 12,000 12,600 ING Time 121d Sum
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Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
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