The following accounts are taken from the ledger of Chillin Company at December 31, 2019. 200 Notes
Question:
The following accounts are taken from the ledger of Chillin’ Company at December 31, 2019.
Transcribed Image Text:
200 Notes Payable 311 Common Stock 157 Equipment 332 Dividends 726 Salaries and $20,000 25,000 76,000 8,000 Wages Expense 38,000 400 Service Revenue 86,000 Prepare a trial balance in good form. 101 Cash 120 Supplies 522 Rent Expense 220 Salaries and Wages Payable 201 Accounts Payable 112 Accounts Receivable $6,000 5,000 2,000 3,000 9,000 8,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
To create a trial balance we need to list all account titles and their respective balances in two co...View the full answer
Answered By
Rayan Gilbert
I have been teaching since I started my graduation 3 years ago. As a student, working as Teacher/PA has been tough but made me learn the needs for student and how to help them resolve their problems efficiently. I feel good to be able to help out students because I'm passionate about teaching. My motto for teaching is to convey the knowledge I have to students in a way that makes them understand it without breaking a sweat.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 9781119298229,9781119305842
10th Edition
Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel
Question Posted:
Students also viewed these Business questions
-
The following accounts are taken from the ledger of Chillin Company at December 31, 2014. 200 Notes Payable R$20,000 101 Cash R$6,000 311 Share CapitalOrdinary 25,000 126 Supplies 5,000 157 Equipment...
-
The following accounts are taken from the ledger of Chillin Company at December 31, 2014. Prepare a trial balance in goodform. 200 Notes Payable 311 Common Stock 157 Equipment 332 Dividends 726...
-
The following accounts are taken from the ledger of Recha Company at December 31, 2014. Prepare a trial balance in goodform. 200 Notes Payable 301 Owner's Capital 157 Equipment 306 Owner's Drawings...
-
In what significant way do financial audits in government and not-for-profit organizations differ from those carried on in businesses? Your answer should also address the purpose of performance...
-
Use a linear interpolation to estimate properties of ammonia to fill out the table below P [kPa] T [C] v [m3/kg] x a) 550 0.75 b) 80 20 c) 10 0.4
-
understand fundamental principles of multicultural philosophies,
-
Assume aggregate consumption C and its expected growth rate satisfy dC C = dt + dB1 d = ( )dt + dB1 + 1 2 dB2 for constants , , , , and and independent Brownian motions B1 and B2. Then, the...
-
The financial statements of Marks and Spencer plc (M&S) are available at the books companion website or can be accessed at corporate. marksandspencer....
-
4. Accrual based accounting is a requirement of Generally Accepted Accounting Principles (GAAP). The use of both the Matching Principles and Revenue Recognition Principles has both benefitted and...
-
Which statement is correct regarding IFRS? (a) IFRS reverses the rules of debits and credits, that is, debits are on the right and credits are on the left. (b) IFRS uses the same process for...
-
James Mayaguez recorded the following transactions during the month of April. Post these entries to the Cash T-account of the general ledger to determine the ending balance in cash. The beginning...
-
Hunter invested $ 7,000 in shares of a load mutual fund. The load of the fund is 7%. When Hunter purchased the shares, the NAV per share was $ 70. A year later, Hunter and why? sold the shares at a...
-
United States Historyassassination of Martin Luther King, Jr.
-
United States History-Burr-Hamilton duel duel, Weehawken, New Jersey, United States [1804]
-
United States HistoryBattle of Gettysburg American Civil War [1863] When and where was the Battle of Gettysburg fought?
-
United States History - United States presidential election of 1968 United States government
-
Salem witch trials American history What caused the Salem witch trials? How many people were killed during the Salem witch trials?
-
Repeat Exercise 5 using four-digit rounding arithmetic. In Exercise 5 a. 0.03x1 + 58.9x2 = 59.2, 5.31x1 6.10x2 = 47.0
-
Frontland Advertising creates, plans, and handles advertising campaigns in a three-state area. Recently, Frontland had to replace an inexperienced office worker in charge of bookkeeping because of...
-
The key to successful business operations is effective inventory management. Do you agree? Explain.
-
An item must possess two characteristics to be classified as inventory by a merchandiser. What are these two characteristics?
-
Explain the difference between the terms FOB shipping point and FOB destination.
-
When credit terms for a sale are 2/15, n/40, the customer saves by paying early. What percent (rounded) would this savings amount to on an annual basis
-
An industrial robot that is depreciated by the MACRS method has B = $60,000 and a 5-year depreciable life. If the depreciation charge in year 3 is $8,640, the salvage value that was used in the...
-
What determines a firm's beta? Should firm management make changes to its beta? Be sure to consider the implications for the firm's investors using CAPM.
Study smarter with the SolutionInn App