San Marcos Veterinary Hospital completed the following worksheet as of December 31, 2014. Requirements 1. Complete the
Question:
San Marcos Veterinary Hospital completed the following worksheet as of December 31, 2014.
Requirements
1. Complete the worksheet for San Marcos Veterinary Hospital.
2. Prepare the closing entries.
3. Prepare a post-closing trial balance.
Transcribed Image Text:
SAN MARCOS VETERINARY HOSPITAL Workshoot December 31, 20 14 Unadjusted Trial Balance Crodit Adjustments Credit Adusted THal Balance ncome Statement Balance Sheet Account Names Dobit Dabit Dobit Crodit Debit Credit Debit Gedt Cash Accounts Receivabk office Supples Prupaid Rent Equipment Accumulated Dapreciation-Equpment $ 23,100 5 23,100 6,210 eS1,000 7,210 200 $ 1 50 b 2,300 750 la 1,550 30,000 30,000 900 | c 900 Accounts Payable Usltes Payable Salaries Fayable $ 2,500 2,500 210 210 1,375 1,375 Uneamed Revanue 3,750 d 2,250 1,500 Common Stock Fartained Eamings Dwidends 30,000 30,000 42,350 42,350 15,000 15,000 Service Revenua 32,000 3,250 40 35,250 Rant Bpense Salarles Expanse 12,900 750 12,750 15,000 1,375 16,375 Supples bpanse usltes Expansa Depraciation Expanca-Equpment Total 150 150 7,000 7,000 900 900 $ 110,810 $ 110,810 $6,425 $ 6,425 $ 114,085 $ 114,085
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
Requirement 1 SAN MARCOS VETERINARY HOSPITAL Worksheet December 31 2014 Account Names Unadjusted Tri...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
Students also viewed these Accounting questions
-
San Antonio Veterinary Hospital completed the following worksheet as of December 31, 2016. Requirements 1 Complete the worksheet for San Antonio Veterinary Hospital. 2. Prepare the closing entries....
-
Houston Veterinary Hospital completed the following worksheet as of December 31, 2018. Requirements 1. Complete the worksheet for Houston Veterinary Hospital. 2. Prepare the closing entries. 3....
-
What is the future value at the end of the 20th semester of an annuity due with 20 semiannual payments of $500 each, evaluated at an annual interest rate of 10%?
-
How is acid rain defined? What is the source of the low pH of acid rain?
-
The accounts of Taylor Electronics Company are listed along with their balances before closing for the month ended March 31, 2012. Requirements 1. Prepare Taylor Electronics multi-step income...
-
Better Buy Inc. produces equipment in a three-department operation: Department 1 is labor intensive and Department 2 and 3 are highly automated. The average output of Department 1 is 56 units per...
-
At the beginning of the year, Wongs Martial Arts Centre bought three used fitness machines from Hangar Inc. for a total cash price of $ 38,000. Transportation costs on the machines were $ 2,000. The...
-
CASE STUDY [30 Marks] Traditionally, Amazon did not have physical stores and the company relied on online sales channel due to e-commerce nature of its business operations. Starting from 2015, the...
-
The Jacksons want to start investing $600 monthly to achieve their stated short- and long-term objectives. Which of the following monthly investments is most appropriate for them at this time and...
-
Mels Bowling Alleys adjusted trial balance as of December 31, 2014 is presented below. Requirements 1. Prepare the closing entries for Mels Bowling Alley. 2. Prepare a post-closing trial balance. 3....
-
Femi Architects recorded the following adjusting entries as of December 31: a. Service Revenue accrued, $ 1,000 b. Unearned Revenue that has been earned, $ 300. c. Office Supplies on hand, $ 600. The...
-
(a) Calculate the intrinsic carrier concentration in silicon at (i) \(T=250 \mathrm{~K}\) and (ii) \(T=350 \mathrm{~K}\). (b) Repeat part (a) for gallium arsenide.
-
Let f(x,y) = 2x + 7xy, find f(0, -3), f(-3,2), and f(3,2). f(0, -3- (Simplify your answer.)
-
Write up an assessment record for one of the children/young people in a learning environment. The record must be set out clearly showing: - a) Your assessment of the learner's development b) How the...
-
What are the key trends in your industry, and how might they impact your business?
-
You have estimated that your firm's total cost function for a particular product is TC = 7q^2-11q+558, where TC is total cost and q is units of output. What is the firm's marginal cost for this...
-
Review open the link and respond the question below Urban (2017) includes various charts that show the distributions of income over time. Check out the first chart and compare 1963 to 2016, it looks...
-
Find the general solution of the first-order linear differential equation. y' + 3x 1 y = x + x 1
-
For the following exercises, rewrite the sum as a product of two functions or the product as a sum of two functions. Give your answer in terms of sines and cosines. Then evaluate the final answer...
-
As discussed in the text, if money demand is unstable, the Fed may prefer to target interest rates rather than the money supply itself. When the Fed follows an interest-rate-targeting policy, "Fed...
-
The Accounts Receivable balance for Field, Inc. at December 31, 2015, was $25,000. During 2016, Field earned revenue of $457,000 on account and collected $326,000 on account. Field wrote off $5,900...
-
World Class Work Shoes had the following balances at December 31, 2016, before the year-end adjustments: The aging of accounts receivable yields the following data: Requirements 1. Journalize World...
-
A table of notes receivable for 2016 follows: For each of the notes receivable, compute the amount of interest revenue earned during 2016. Round to the nearest dollar. Interest Period During 2016...
-
3 a) Describe role played by the internal and external audit in the public sector b)What circumstances would lead to separate disclosure of items of revenue and expense.
-
Note: For all the questions, do not round intermediate calculations and round your final answers to the nearest two decimal places. 1. A fully amortizing CAM loan is made for $133,000 at 6 percent...
-
If a venture has a return on assets (ROA) = 20%, an equity multiplier based on beginning equity 3.75 times, Net Income of 200,000 and Dividends of 100,000, the sustainable growth rate would be: 37.5%...
Study smarter with the SolutionInn App