Question
In: Accounting
Problem 3-5A On November 1, 2019, the account balances of Schilling Equipment Repair were as follows....
Problem 3-5A On November 1, 2019, the account balances of Schilling Equipment Repair were as follows. No. Debits No. Credits 101 Cash $ 2,400 154 Accumulated Depreciation—Equipment $ 2,000 112 Accounts Receivable 4,250 201 Accounts Payable 2,600 126 Supplies 1,800 209 Unearned Service Revenue 1,200 153 Equipment 12,000 212 Salaries and Wages Payable 700 311 Common Stock 10,000 320 Retained Earnings 3,950 $20,450 $20,450 During November, the following summary transactions were completed. Nov. 8 Paid $1,700 for salaries due employees, of which $700 is for October salaries. 10 Received $3,420 cash from customers on account. 12 Received $3,100 cash for services performed in November. 15 Purchased equipment on account $2,000. 17 Purchased supplies on account $700. 20 Paid creditors on account $2,700. 22 Paid November rent $400. 25 Paid salaries $1,700. 27 Performed services on account and billed customers $1,900 for these services. 29 Received $600 from customers for future service.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
On November 1, 2019, the account balances of Swifty Corporation were as follows. No. Debits No....
On November 1, 2019, the account balances of Swifty Corporation
were as follows.
No.
Debits
No.
Credits
101
Cash
$ 2,390
154
Accumulated Depreciation—Equipment
$ 2,170
112
Accounts Receivable
4,230
201
Accounts Payable
2,610
126
Supplies
1,830
209
Unearned Service Revenue
1,200
153
Equipment
13,020
212
Salaries and Wages Payable
734
311
Common Stock
10,806
320
Retained Earnings
3,950
$ 21,470
$ 21,470
During November, the following summary transactions were
completed.
Nov. 8
Paid $ 1,650 for salaries due employees, of which...
On November 1, 2017, the following were the account balances of Soho Equipment Repair. Debit Credit...
On November 1, 2017, the following were the account balances of
Soho Equipment Repair. Debit Credit Cash $ 2,790 Accumulated
Depreciation—Equipment $ 500 Accounts Receivable 2,910 Accounts
Payable 2,300 Supplies 1,120 Unearned Service Revenue 400 Equipment
10,000 Salaries and Wages Payable 620 Common Stock 10,000 Retained
Earnings 3,000 $16,820 $16,820
During November, the following summary transactions were
completed.
Nov. 8 Paid $1,220 for salaries due employees, of which $600 is
for November and $620 is for October salaries payable.
10...
On November 1, 2017, the following were the account balances of Soho Equipment Repair. Debit Credit...
On November 1, 2017, the following were the account balances of
Soho Equipment Repair.
Debit
Credit
Cash
$ 3,090
Accumulated Depreciation—Equipment
$ 500
Accounts Receivable
3,010
Accounts Payable
2,600
Supplies
1,420
Unearned Service Revenue
400
Equipment
10,300
Salaries and Wages Payable
720
Common Stock
10,300
Retained Earnings
3,300
$17,820
$17,820
During November, the following summary transactions were
completed.
Nov. 8
Paid $1,220 for salaries due employees, of which $500 is for
November and $720 is for October salaries payable.
10...
need to check my answers On November 1, 2017, the account balances of Hamm Equipment Repair...
need to check my answers
On November 1, 2017, the account balances of Hamm Equipment
Repair were as follows.
No.
Debits
No.
Credits
101
Cash
$ 2,390
154
Accumulated
Depreciation—Equipment
$ 1,870
112
Accounts Receivable
4,300
201
Accounts Payable
2,560
126
Supplies
1,800
209
Unearned Service Revenue
1,170
153
Equipment
11,220
212
Salaries and Wages
Payable
710
301
Owner’s Capital
13,400
$19,710
$19,710
During November, the following summary transactions were
completed.
Nov. 8
Paid $1,700 for salaries due
employees, of...
need to check my answers On November 1, 2017, the account balances of Hamm Equipment Repair...
need to check my answers
On November 1, 2017, the account balances of Hamm Equipment
Repair were as follows.
No.
Debits
No.
Credits
101
Cash
$ 2,390
154
Accumulated Depreciation—Equipment
$ 1,870
112
Accounts Receivable
4,300
201
Accounts Payable
2,560
126
Supplies
1,800
209
Unearned Service Revenue
1,170
153
Equipment
11,220
212
Salaries and Wages Payable
710
301
Owner’s Capital
13,400
$19,710
$19,710
During November, the following summary transactions were
completed.
Nov. 8
Paid $1,700 for salaries due employees, of...
Problem 3-05A a-g (Part Level Submission) On November 1, 2020, the account balances of Hamm Equipment...
Problem 3-05A a-g (Part Level Submission)
On November 1, 2020, the account balances of Hamm Equipment Repair
were as follows.
No.
Debits
No.
Credits
101
Cash
$ 2,400
154
Accumulated Depreciation—Equipment
$ 2,000
112
Accounts Receivable
4,250
201
Accounts Payable
2,600
126
Supplies
1,800
209
Unearned Service Revenue
1,200
153
Equipment
12,000
212
Salaries and Wages Payable
700
301
Owner’s Capital
13,950
$20,450
$20,450
During November, the following summary transactions were
completed.
Nov. 8
Paid $1,700 for salaries due employees,...
Problem 4-7A (Part Level Submission) On November 1, 2017, the following were the account balances of...
Problem 4-7A (Part Level Submission) On November 1, 2017, the
following were the account balances of Soho Equipment Repair. Debit
Credit Cash $ 3,120 Accumulated Depreciation—Equipment $ 500
Accounts Receivable 3,010 Accounts Payable 2,630 Supplies 1,450
Unearned Service Revenue 400 Equipment 10,330 Salaries and Wages
Payable 720 Common Stock 10,330 Retained Earnings 3,330 $17,910
$17,910 During November, the following summary transactions were
completed. Nov. 8 Paid $1,220 for salaries due employees, of which
$500 is for November and $720 is...
Problem 3 (13 pts.) On November 1, 2019, Franco Corporation purchased equipment costing $20,000 by...
Problem 3 (13 pts.)
On November 1, 2019, Franco Corporation
purchased equipment costing $20,000 by giving a 6%, 90-day
note.
Prepare general journal entries to
record:
the acquisition of the equipment
b) the year end accrual of interest
at December 31
the payment of the note on January 31.
Problem 4 (7 pts.)
During the first quarter of 2020, Pouncey Products sold 40,000
units of its best-selling product. Pouncey expects
2% of these units to be returned...
a. On August 1, 2020, the following were the account balances of Sheffield Repair Services. Debit...
a. On August 1, 2020, the following were the account balances of
Sheffield Repair Services.
Debit
Credit
Cash
$6,400
Accumulated Depreciation—Equipment
640
Accounts Receivable
3,080
Accounts Payable
2,440
Notes Receivable
4,200
Unearned Service Revenue
1,340
Supplies
1,090
Salaries and Wages Payable
1,510
Equipment
10,600
Owner's Capital
19,440
25,370
25,370
During August, the following summary transactions were
completed.
Aug. 1
Paid $420 cash for advertising in local newspapers. Advertising
flyers will be included with newspapers delivered during August and
September.
3...
Unadjusted account balances at December 31, 2019, for Rapisarda Company are as follows:
Preparation of a Worksheet (Appendix 3A)
Unadjusted account balances at December 31, 2019, for Rapisarda Company are as follows:
The following data are not yet recorded:
a. Depreciation on the equipment is $18,350.
b. Unrecorded wages owed at December 31, 2019: $4,680.
c. Prepaid rent at December 31, 2019: $9,240.
d. Income taxes expense: $5,463.
Required:
Prepare a completed worksheet for Rapisarda Company.
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- 3) You are rolling a 12 sided die 8 times. a) What is the size for...
- explain the difference between quantitative and qualitative research strategies. Provide an example of a crime based...
- use postorder and inorder tree traversals to make preorder traversal. #!/usr/bin/env python3 # encoding: UTF-8 """Turning...
- 1. Write an if-else statement to describe an object. Print "Balloon" if isBalloon is true and...
- An investor is considering purchasing a Treasury bond with a 20 year maturity, an 8% coupon...
- Write a program that copies the contents of one file to a destination file. This program...
- how to conduct a marketing mix for 3d crest white strips
ADVERTISEMENT