The unadjusted trial balance of Williamson Anvils at December 31, 2018, and the data for the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The unadjusted trial balance of Williamson Anvils at December 31, 2018, and the data for the adjustments follow: (Click the icon to view the unadjusted trial balance.) Requirement 1. Prepare the adjusting entries and post to the T-accounts. T-accounts have been opened using the Begin by preparing the adjusting entries. (Record debits first, then credits. Select the explanation on the last line of a. Unearned Revenue still unearned at December 31, $3,000. Accounts and Explanation Date (Click the icon to view the Read the requirements. Dec. 31 Adj. (a) Debit Credit Unadjusted Trial Balance December 31, 2018 Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends $ Balance Debit 20,310 15,000 2,190 1,900 34,000 4,000 $ Credit 11,000 6,100 7,000 12,000 20,300 Prepaid Rent Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Total $ 2,190 1,900 34,000 4,000 2,000 79,400 $ $ 11,000 6,100 7,000 12,000 20,300 23,000 79,400 H More Info Adjustment data: a. Unearned Revenue still unearned at December 31, $3,000. b. Prepaid Rent still in force at December 31, $2,000. C Office Supplies used, $700. d. Depreciation, $330. e. Accrued Salaries Expense at December 31, $150. Malv X The unadjusted trial balance of Williamson Anvils at December 31, 2018, and the data for the adjustments follow: (Click the icon to view the unadjusted trial balance.) Requirement 1. Prepare the adjusting entries and post to the T-accounts. T-accounts have been opened using the Begin by preparing the adjusting entries. (Record debits first, then credits. Select the explanation on the last line of a. Unearned Revenue still unearned at December 31, $3,000. Accounts and Explanation Date (Click the icon to view the Read the requirements. Dec. 31 Adj. (a) Debit Credit Unadjusted Trial Balance December 31, 2018 Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends $ Balance Debit 20,310 15,000 2,190 1,900 34,000 4,000 $ Credit 11,000 6,100 7,000 12,000 20,300 Prepaid Rent Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Total $ 2,190 1,900 34,000 4,000 2,000 79,400 $ $ 11,000 6,100 7,000 12,000 20,300 23,000 79,400 H More Info Adjustment data: a. Unearned Revenue still unearned at December 31, $3,000. b. Prepaid Rent still in force at December 31, $2,000. C Office Supplies used, $700. d. Depreciation, $330. e. Accrued Salaries Expense at December 31, $150. Malv X The unadjusted trial balance of Williamson Anvils at December 31, 2018, and the data for the adjustments follow: (Click the icon to view the unadjusted trial balance.) Requirement 1. Prepare the adjusting entries and post to the T-accounts. T-accounts have been opened using the Begin by preparing the adjusting entries. (Record debits first, then credits. Select the explanation on the last line of a. Unearned Revenue still unearned at December 31, $3,000. Accounts and Explanation Date (Click the icon to view the Read the requirements. Dec. 31 Adj. (a) Debit Credit Unadjusted Trial Balance December 31, 2018 Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends $ Balance Debit 20,310 15,000 2,190 1,900 34,000 4,000 $ Credit 11,000 6,100 7,000 12,000 20,300 Prepaid Rent Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Total $ 2,190 1,900 34,000 4,000 2,000 79,400 $ $ 11,000 6,100 7,000 12,000 20,300 23,000 79,400 H More Info Adjustment data: a. Unearned Revenue still unearned at December 31, $3,000. b. Prepaid Rent still in force at December 31, $2,000. C Office Supplies used, $700. d. Depreciation, $330. e. Accrued Salaries Expense at December 31, $150. Malv X The unadjusted trial balance of Williamson Anvils at December 31, 2018, and the data for the adjustments follow: (Click the icon to view the unadjusted trial balance.) Requirement 1. Prepare the adjusting entries and post to the T-accounts. T-accounts have been opened using the Begin by preparing the adjusting entries. (Record debits first, then credits. Select the explanation on the last line of a. Unearned Revenue still unearned at December 31, $3,000. Accounts and Explanation Date (Click the icon to view the Read the requirements. Dec. 31 Adj. (a) Debit Credit Unadjusted Trial Balance December 31, 2018 Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends $ Balance Debit 20,310 15,000 2,190 1,900 34,000 4,000 $ Credit 11,000 6,100 7,000 12,000 20,300 Prepaid Rent Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Total $ 2,190 1,900 34,000 4,000 2,000 79,400 $ $ 11,000 6,100 7,000 12,000 20,300 23,000 79,400 H More Info Adjustment data: a. Unearned Revenue still unearned at December 31, $3,000. b. Prepaid Rent still in force at December 31, $2,000. C Office Supplies used, $700. d. Depreciation, $330. e. Accrued Salaries Expense at December 31, $150. Malv X The unadjusted trial balance of Williamson Anvils at December 31, 2018, and the data for the adjustments follow: (Click the icon to view the unadjusted trial balance.) Requirement 1. Prepare the adjusting entries and post to the T-accounts. T-accounts have been opened using the Begin by preparing the adjusting entries. (Record debits first, then credits. Select the explanation on the last line of a. Unearned Revenue still unearned at December 31, $3,000. Accounts and Explanation Date (Click the icon to view the Read the requirements. Dec. 31 Adj. (a) Debit Credit Unadjusted Trial Balance December 31, 2018 Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends $ Balance Debit 20,310 15,000 2,190 1,900 34,000 4,000 $ Credit 11,000 6,100 7,000 12,000 20,300 Prepaid Rent Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Total $ 2,190 1,900 34,000 4,000 2,000 79,400 $ $ 11,000 6,100 7,000 12,000 20,300 23,000 79,400 H More Info Adjustment data: a. Unearned Revenue still unearned at December 31, $3,000. b. Prepaid Rent still in force at December 31, $2,000. C Office Supplies used, $700. d. Depreciation, $330. e. Accrued Salaries Expense at December 31, $150. Malv X The unadjusted trial balance of Williamson Anvils at December 31, 2018, and the data for the adjustments follow: (Click the icon to view the unadjusted trial balance.) Requirement 1. Prepare the adjusting entries and post to the T-accounts. T-accounts have been opened using the Begin by preparing the adjusting entries. (Record debits first, then credits. Select the explanation on the last line of a. Unearned Revenue still unearned at December 31, $3,000. Accounts and Explanation Date (Click the icon to view the Read the requirements. Dec. 31 Adj. (a) Debit Credit Unadjusted Trial Balance December 31, 2018 Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends $ Balance Debit 20,310 15,000 2,190 1,900 34,000 4,000 $ Credit 11,000 6,100 7,000 12,000 20,300 Prepaid Rent Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Total $ 2,190 1,900 34,000 4,000 2,000 79,400 $ $ 11,000 6,100 7,000 12,000 20,300 23,000 79,400 H More Info Adjustment data: a. Unearned Revenue still unearned at December 31, $3,000. b. Prepaid Rent still in force at December 31, $2,000. C Office Supplies used, $700. d. Depreciation, $330. e. Accrued Salaries Expense at December 31, $150. Malv X
Expert Answer:
Answer rating: 100% (QA)
Adjusting Entries Date Account title and explanation ... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
Students also viewed these accounting questions
-
The unadjusted trial balance of Williamson Anvils at December 31, 2016, and the data for the adjustments follow: Adjustment data: a. Unearned Revenue still unearned at December 31, $3,300. b. Prepaid...
-
On December 31, the unadjusted trial balance of Masters Employment Agency shows the following selected data: Analysis shows that adjusting entries are required to (1) Accrue $6,900 of service...
-
The unadjusted trial balance of Sweet Cheeks Facial Spa is shown as follows: Additional Information: 1. Rent expires at a rate of $700 per month. 2. Monthly depreciation on equipment is $300. 3....
-
John works in a factory as a Quality Expert and is responsible for doing quality product testing before the finished products are sent to the customers. John takes a sample of 10 from a batch of 1000...
-
A taxpayer has the following income (losses) for the current year: What is the taxpayers taxable income (loss) if a. The taxpayer is a single individual and the passive income is not from a rental...
-
What evidence does Krugman provide for the prevalence of economic inequality in U.S. society? How convincing is this evidence to you? Notice how many direct quotations Kerman includes. Why do you...
-
True or false: When the sample size is large, confidence intervals and hypothesis tests for 1 are valid even when the assumptions of the linear model are not met.
-
Frobisher Inc. (Frobisher) uses the lower of cost and NRV rule to value its inventory. Frobishers inventory on February 28, 2017 had a cost of $1,125,000 and a NRV of $1,035,000. Required: a. By how...
-
Ch. 11 Assignment- Part 2 i Saved 8 Required information [The following information applies to the questions displayed below.] Year 1 total cash dividends Part 2 of 2 Year 2 total cash dividends Year...
-
Quinn Inc. is preparing its annual budgets for the year ending December 31, 2012. Accounting assistants provide the following data: An accounting assistant has prepared the detailed manufacturing...
-
1. Consider the initial value problem (IVP) y' = ey+cos x, y(0)=0. The power series solution of the IVP is given by y(x) = ax + ax + a3x + ... a3. Use the method of direct substitution to determine...
-
Working in small groups, imagine that youre planning a business targeted to students. First, decide on your business concept. This can be anything: a service (e.g., laundry or grocery shopping) or a...
-
How do you decide whether to complain about a companys product or service? To another student, describe two situations: one in which you complained and one in which you didnt. What were the...
-
Look at one of your favorite websites. Evaluate whether the site meets accessibility guidelines outlined in this chapter. What criteria are met, and what, if anything, should the designers do to make...
-
Choose a public company to research. If youre not sure whether a U.S. company is public, search the Securities and Exchange Commission database at https://www.sec.gov/edgar/...
-
Similar to Grace Lees suggestion in Figure 8, write an email to a current or previous employer. Think of an idea that would improve the business: a new procedure, an upgraded system, an innovative...
-
While a good public relations team can help boost a company's image, what steps should be taken internally to boost staff morale?
-
What are bounds and what do companies do with them?
-
Consider the following note payable transactions of Caldwell Video Productions. 2016 Apr. 1 Purchased equipment costing $56,000 by issuing a seven-year, 13% note payable. The note requires annual...
-
Best Shoe Company makes loafers. During the most recent year, Best incurred total manufacturing costs of $24,300,000. Of this amount, $2,200,000 was direct materials used and $17,800,000 was direct...
-
The charter for WCAP-TV, Inc. authorizes the company to issue 100,000 shares of $2, no-par preferred stock and 500,000 shares of common stock with $1 par value. During its start-up phase, WCAP...
-
Solve Chapter Problem 13.21, assuming the force is narrowband with a power spectral density given by \(S_{F}(\omega)=\frac{3 \times 10^{-3}}{2+5 \omega^{2}}\). Data From Chapter Problem 13.21: A SDOF...
-
Solve Chapter Problem 13.21, assuming the power spectral density is band limited with \(\omega_{1}=50 \mathrm{rad} / \mathrm{s}\) and \(\omega_{2}=200 \mathrm{rad} / \mathrm{s}\). Data From Chapter...
-
Fine Leather Ltd has provided the following production and sales information for each pair of its dress shoes. The fixed costs for the period are \($1\) 125 000. Required (a) Calculate the...
Study smarter with the SolutionInn App