The trial balance of Telegraphic Link at November 30 follows: Additional information at November 30, 2014: a.
Question:
The trial balance of Telegraphic Link at November 30 follows:
Additional information at November 30, 2014:
a. Accrued service revenue, $ 600.
b. Depreciation, $ 300.
c. Accrued salaries expense, $ 800.
d. Prepaid rent expired, $ 500.
e. Office Supplies used, $ 100.
Requirements
1. Complete Telegraphic Link’s worksheet for the month ended November 30, 2014.
2. How much was net income forNovember?
TELEGRAPHIC LINK Trial Balance November 30, 2014 Account Title Cash Accounts Receivable Prepaid Rant Office Supplies 5 4,000 1,900 3,000 5 1,600 Accounts Payable Salaries Payable Common Stock 35,700 2.100 B,600 Service Revenua Depreciation Expense-Equipment Salaries Expense Rent Expense Utilities Expense Supplies Expense 1.700 S 51,300 51300
Step by Step Answer:
Requirement 1 TELEGRAPHIC LINK Worksheet November 30 2014 Account Names Unadjusted Trial Bal...View the full answer
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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
-
The trial balance of Telegraphic Link at November 30, follows: Additional information at November 30, 2012: a. Accrued service revenue, $600. b. Depreciation, $300. c. Accrued salary expense, $800....
-
The trial balance of Telegraphic Link, Inc., at November 30, follows: Additional information at November 30, 2012: a. Accrued service revenue, $600. b. Depreciation, $300. c. Accrued salary expense,...
-
The trial balance of Giambi Investment Advisers, Inc., at December 31, 2012, follows: Adjustment data at December 31, 2012: a. Unearned service revenue earned during the year, $500. b. Supplies on...
-
Financial statements for the ACTACTSTAT Company are given below: During 2021 the firm declared and paid cash dividends of P85,000. There were 50,000 shares of common stock outstanding throughout the...
-
What is meant by the capacity of a buffer? Describe a buffer with low capacity and the same buffer with greater capacity.
-
The trial balance of Fugazy Investment Advisers, Inc., at December 31, 2012, follows: Adjustment data at December 31, 2012: a. Unearned service revenue earned during the year, $500. b. Supplies on...
-
Which of the following events will not appear in the cash flows from financing activities section of the statement of cash flow? a. Borrowing cash from a bank b. Issuance of stock in exchange for...
-
Andre Preneur supervises two consulting jobs in the consulting firm of Dewey, Cheatham, and Howe, which does studies on environmental cleanup. One of the consulting jobs is for the Canadian...
-
Informed by this week's lecture materials, develop a training program with the primary objective of "cultivating competent global leaders." Share the outline of your proposed training program and...
-
An April 14, 2015, article by Kara Brandeisky on Money magazines website states that overall the chance of being audited by the IRS in 2014 was 0.86%. If a persons adjusted gross income was between...
-
The adjusted trial balance of Brian O'Brion Dance Studio Company follows: Requirements 1. Prepare the classified balance sheet of Brian O'Brion Dance Studio Company at August 31, 2014. Use the report...
-
Use your answer from Exercise E4- 17 to prepare Telegraphic Links financial statements. Additional information at November 30, 2014: a. Accrued service revenue, $ 600. b. Depreciation, $ 300. c....
-
Why do you think that GE has come to prefer joint ventures in recent years? Do you think that the global economic crisis of 2008-2009 might have impacted upon this preference in any way? If so, how?
-
Husband/Defendant: George B. Samuels; Wife/Plaintiff: Anna H. (nee Jacobs) Samuels; Date of Marriage: 7/4/2016 Children: Hannah, born 10/12/2018, and Brent, born 2/14/2020. (2) Prepare a financial...
-
If given program is executed, what will be output? Create Stack Queuequeue = new LinkedList; Create LinkedList ll; int []array = { 82, 99, 37, 20, 54 }; for (i = 0; i < array.length; i++) { int x =...
-
Consider the information below from a firm's balance sheet and calculate the Change in Net Working Capital (NWC). Current Assets 2022 2021 Cash and Equivalents $1,561 $1,800 Short-Term Investments...
-
TJMaxx (TJX) stock is currently selling for $801.93. You are thinking about buying it and you hope to sell it for $1420.12 in 4 years. What is the implied return?
-
Food X contains 6 units of Vitamin a per gram and 7 units of vitamin B per gram and costs 12 paise per gram. Food Y contains 8 units of vitamin A per gram and 12 units of vitamin B per gram and costs...
-
A cup of coffee with cooling constant k = 0.09 min1 is placed in a room at temperature 20C. (a) How fast is the coffee cooling (in degrees per minute) when its temperature is T = 80C? (b) Use the...
-
In Problem use absolute value on a graphing calculator to find the area between the curve and the x axis over the given interval. Find answers to two decimal places. y = x 3 ln x; 0.1 x 3.1
-
Find the largest nominal deficit that the government can run without raising the debt-GDP ratio, under each of the following sets of assumptions: a. Nominal GDP growth is \(10 \%\) and outstanding...
-
On August 31, 2016, Lily Floral Supply had a $145,000 debit balance in Accounts Receivable and a $5,800 credit balance in Allowance for Bad Debts. During September, Lily made Sales on account,...
-
At September 30, 2016, the accounts of Park Terrace Medical Center (PTMC) include the following: Accounts Receivable...............$ 143,000 Allowance for Bad Debts (credit balance)...... 3,300...
-
Beta Watches completed the following selected transactions during 2016 and 2017: 2016 Dec. 31 Estimated that bad debts expense for the year was 3% of credit sales of $400,000 and recorded that amount...
-
LG 3 P8-14 Portfolio analysis You have been given the expected return data shown in the first table on three assets-F, G, and H-over the period 2016-2019. Expected return Year Asset F Asset G Asset H...
-
Mega Company believes the price of oil will increase in the coming months. Therefore, it decides to purchase call options on oil as a price-risk-hedging device to hedge the expected increase in...
-
The _______ used in systematic sampling is computed by dividing the population list size by the sample size. Question 17 options: skip interval containing error representative data master list
Study smarter with the SolutionInn App