Journalize the four adjusting entries from the partial work sheet on the next page for Brady Company
Question:
Journalize the four adjusting entries from the partial work sheet on the next page for Brady Company for the month ended May 31.
Transcribed Image Text:
Brady Company Work Sheet For Month Ended May 31,20- NCOME STATEMENT BALANCE SHEET DEBIT ACCOUNT NAME Cash Supplies Prepaid Insurance Equipment Aocumulated Depreciation, Equipment Accounts Payable S Brady Capital S Brady, Drawing Professional Fees Salary Expense Rent Expense Misoellaneous Expense DEBIT CREDIT CREDIT 5,501.00 230.00 841.00 4,832.00 1,720.00 1,085.00 6,800.00 2,150.00 9,673.00 3,787.00 1,484.00 134.00 Insurance Expense Depreciaton Expense, Equipment Salaries Payable Supplies Expense 200.00 364.00 330.00 85.00 6,064.00 3,619.00 9,673.00 9,673.00 13,5$4.00 9,935.00 .619.00 13,554,00 Net Income 9,67300 13 554.00
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 46% (13 reviews)
POST DATE DESCRIPTION REF DEBIT CREDIT 20 x Adjusting En...View the full answer
Answered By
OTIENO OBADO
I have a vast experience in teaching, mentoring and tutoring. I handle student concerns diligently and my academic background is undeniably aesthetic
4.30+
3+ Reviews
10+ Question Solved
Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
Question Posted:
Students also viewed these Accounting questions
-
Journalize the adjusting entries from the partial work sheet on the next page for Brady Company for the month ended May 31. Brady Company Work Sheet For Month Ended May 31,20 INCOME STATEMENT DEBIT...
-
Journalize the adjusting entries from the partial work sheet for Newkirk Company as of September 30. Newkirk Company Work Sheet For Month Ended September 30, 20 4 TRIAL BALANCE DEBIT ADJUSTMENTS 6...
-
From the partial work sheet on the next page, prepare a statement of owner's equity, assuming no additional investment was made by the owner. Adams Shoe Shine Work Sheet (Partial) For Month Ended...
-
World Information Group has two major divisions: print and Internet. Summary financial data (in millions) for 2011 and 2012 are: The annual bonuses of the two division managers are based on division...
-
Describe the characteristics of futures, options, and swaps.
-
The internal auditors for a transportation company investigated four areas of that company. These areas were: 1. Collections of accounts receivable. 2. Purchase of fuel from wholesale suppliers for...
-
A blood pressure measurement consists of two numbers: the systolic pressure, which is the maximum pressure taken when the heart is contracting, and the diastolic pressure, which is the minimum...
-
Three children are trying to balance on a seesaw, which consists of a fulcrum rock, acting as a pivot at the center, and a very light board 3.6m long (Fig. 9-50). Two playmates are already on either...
-
Let r(t) and s(t) be 3 dimensional vector valued functions defined on I. Suppose that lim r(t) = L and lim s(t) = M. t-a t-a Use the definition of limit of vector valued functions to prove (a)...
-
4/9 Determine the force in each member of the loaded truss. 30 B 30 30 3 kN D. Problem 4/9
-
Complete the work sheet for Ramey Company, dated December 31, 20, through the adjusted trial balance using the following adjustment information: a. Expired or used- up insurance, $ 460. b....
-
Journalize the adjustments for Newkirk Company as of August31. Newkirk Company Work Sheet For Month Ended August 31, 20- TRIAL BALANCE ADJUSTMENTS DEBIT ACCOUNT NAME Cash Supplies Prepaid Insurance...
-
Select the best answer. 1. A not-for-prot hospital signs a contract with an insurance company in which the company agrees to pay it $6 million in capitation fees for the year July 1, 2014 through...
-
The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April 30, for Finnegan Co.: Accounts Amount Accumulated Depreciation $32,000 Fees Earned...
-
Company has sales revenue of $130,000 for the year. The gross margin percentage for this year was 20%. Company had beginning inventory of $10,000 and had inventory purchasesduring the year of...
-
The sketch below shows the elevation of an eccentrically braced frame. You are required to check the adequacy bear outside the link at the 2nd floor and the brace at the first story due to combined...
-
The visitor center at Zion National Park uses evaporativecooling towers to condition the inside air. During the day, thecenter receives heat from the environment through conduction,convection, and...
-
Bill, the president of a large multihospital healthcare system that is nationally recognized as one of the most successful vertically integrated healthcare systems in the nation. The organization was...
-
Which of the following statements about the control environment is false? a. Managements attitudes toward internal control and ethical behavior have little impact on employee beliefs or actions. b....
-
Use the information given about the angles and to find the exact value of: (a) sin( + ) (b) cos( + ) (c) sin( - ) (d) tan ( + ) (e) sin(2) (f) cos (2) (g) sin /2 (h) cos/2 cos = 4/5, 0 < < /2; cos =...
-
Alcazarquivir Lda manufactures and sells industrial grinders. The following table presents financial information pertaining to quality in 2021 and 2022 (in 000): Required 1 Classify the cost items in...
-
On July 31, the trial balance shows wages expense of $800. An additional $150 of wages was earned by the employees but has not yet been paid. Analyze the required adjustment using T accounts, and...
-
On July 1, delivery equipment was purchased for $4,320. The delivery equipment has an estimated useful life of three years (36 months) and no salvage value . Using the straight-line depreciation...
-
On January 1, 20--, a depreciable asset was acquired for $5,760. The asset has an estimated useful life of four years (48 months) and no salvage value . Use the straight-line depreciation method to...
-
provide the past financial statements of Harvey Norman (HVN) and JB HiFi (JBH) - two of the largest Australian retail companies that sell various consumer products. Equity analyst, Noa Young is...
-
The length of a pendulum is defined as the point of suspension to the object's center of mass. Since locating the center of mass is not so obvious, a group of students decides to measure the length...
-
1. Consider the following 3 semiannual bonds with par $1,000: Bond A: 5-year bond with coupon rate 6% Bond B: 10-year bond with coupon rate 6% Bond C: 10-year bond with coupon rate 10% Step 1: (1.5...
Study smarter with the SolutionInn App