101 Cash 403 Commissions Revenue 106 Accounts Receivable 612 Depreciation Expense—Computer Equipment 124 Office Supplies 622 Salaries Expense 128 Prepaid Insurance 637 Insurance Expense 167 Computer Equipment 640 Rent Expense 168 Accumulated Depreciation—Computer Equipment 650 Office Supplies Expense 209 Salaries Payable 684 Repairs Expense 301 J. Nozomi, Capital 688 Telephone Expense 302 J. Nozomi, Withdrawals 901 Income Summary
Added by Samuel L.
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Question: You are given the following accounts and their corresponding account numbers: 101 Cash 403 Commissions Revenue 106 Accounts Receivable 612 Depreciation Expense—Computer Equipment 124 Office Supplies 622 Salaries Expense 128 Prepaid Show more…
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the worksheet of Bridget's office supplies contains the following revenues, cost, and expense accounts. The merchandise inventory amounted to 59,475 on January 1, 20x1, and the 52,425 on December 31, 20x1. The expense account numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expense. accounts 401 sales 247,000 credit 451 sales returns and allowances 4,300 debit 491 miscellaneous income 370 credit 501 purchases 103,300 debit 502 freight in 1,945 debit 503 purchases, returns and allowances 3, 570 credit 504 purchases, discounts 1,770 credit 611 salaries expense-sales 45,000 debit 614 store supplies expense 2,280 debit 617 depreciation expense-store equipment 1,480 debit 631 rent expense 13,200 debit 634 utilities expense 2,970 debit 637 salaries expense-office 20,800 debit 640 payroll taxes expense 5,700 debit 643 depreciation expense-office equipment 540 debit 646 uncollectible accounts expense 690 debit 691 interest expense 680 debit The worksheet of Bridget's office supplies contains the following owner's equity accounting an additional investing we made accounts 301 bridget's Swanson, Capital 62,260 credit 302 bridget's swanson,drawing 40,950 net income for the year 47,075
Breanna O.
April 1 Nozomi invested $30,000 cash and computer equipment worth $35,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $1,700 cash for the first month's (April) rent. 3 The company purchased $1,300 of office supplies for cash. 10 The company paid $2,300 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,800 cash for two weeks' salaries earned by employees. 24 The company collected $14,500 cash for commissions revenue. 28 The company paid $1,800 cash for two weeks' salaries earned by employees. 29 The company paid $400 cash for minor repairs to the company's computer. 30 The company paid $950 cash for this month's telephone bill. 30 The company paid $2,400 cash in dividends. 101 Cash 405 Commissions Revenue 106 Accounts Receivable 612 Depreciation Expense—Computer Equip. 124 Office Supplies 622 Salaries Expense 128 Prepaid Insurance 637 Insurance Expense 167 Computer Equipment 640 Rent Expense 168 Accumulated Depreciation—Computer Equip. 650 Office Supplies Expense 209 Salaries Payable 684 Repairs Expense 307 Common Stock 688 Telephone Expense 318 Retained Earnings 901 Income Summary 319 Dividends Required: 1. & 2. Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. 4. Journalize the adjusting entries for the month and prepare the adjusted trial balance. 5a. Prepare the income statement for the month of April 30. 5b. Prepare the statement of retained earnings for the month of April 30. 5c. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance.
Akash M.
100 - Cash 120 - Receivables 142 - Prepaid Insurance 152 - Office Equipment 154 - Office Furniture 211 - Notes Payable 214 - Wages Payable 221 - Mortgage Payable 311 - Common Stock 313 - Dividends 412 - Completed Assembly Sales 415 - Parts Sales 416 - Service Income 511 - Wages Expense 512 - Utility Expense 513 - Telephone Expense 520 - Office Equipment Depreciation 545 - Training Expense 560 - Dues and Publications 580 - Miscellaneous
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