The transactions for Zane?s Creations, Inc., for the month of January 2018 are posted in the following
Question:
The transactions for Zane?s Creations, Inc., for the month of January 2018 are posted in the following T-accounts:
Requirements
1. Calculate account balances at January 31, 2018.
2. Prepare the trial balance for Zane?s Creations, Inc., at January 31, 2018.
Transcribed Image Text:
Cash 111 Equipment 115 Service Revenue 411 45,000 Jan 2 1,250 2,700 Jan 6 17 Jan 1 1,400 4 6,000 4,800 Jan 4 26 Bal 1,250 5,200 6,000 400 900 4,800 425 1,150 | Bal 23 15 Salaries Expense Accounts Payable 512 211 26 28 29 900 1,150 Jan 9 400 Jan 3 750 Jan 15 | Bal 29 Bal Bal Common Stock 311 Accounts Rent Expense 1,400 504 Jan 1 | Bal 45,000 Receivable 112 Jan 2 Jan 17 Bal 5,200 Jan 23 2,700 Bal Utilities Expense 530 113 Supplics Jan 28 Bal 425 Jan 3 Bal 750 అ
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 93% (15 reviews)
Req 1 Req 2 Zanes Creations Inc Trial Balance January 31 2018 BALANCE ACCOU...View the full answer
Answered By
Salmon ouma
I am a graduate of Maseno University, I graduated with a second class honors upper division in Business administration. I have assisted many students with their academic work during my years of tutoring. That has helped me build my experience as an academic writer. I am happy to tell you that many students have benefited from my work as a writer since my work is perfect, precise, and always submitted in due time. I am able to work under very minimal or no supervision at all and be able to beat deadlines.
I have high knowledge of essay writing skills. I am also well conversant with formatting styles such as Harvard, APA, MLA, and Chicago. All that combined with my knowledge in methods of data analysis such as regression analysis, hypothesis analysis, inductive approach, and deductive approach have enabled me to assist several college and university students across the world with their academic work such as essays, thesis writing, term paper, research project, and dissertation. I have managed to help students get their work done in good time due to my dedication to writing.
5.00+
4+ Reviews
16+ Question Solved
Related Book For
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 Business questions
-
Complete?M2-7,?and?then prepare a trial balance for Dennen Inc. as of January?31,?2018. M2-4 For each of the following transactions of Dennen Inc. for the month of January 2018, indicate the...
-
For the transactions in M2-4 (including the sample), identify each as an investing (I) activity or financing (F) activity on the statement of cash flows. M2-4 For each of the following transactions...
-
Ferris Company began 2018 with 6,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January 2018 are as follows: 8,000 units were on hand at...
-
Two wheels A and B have masses m A and m B and radii of gyration about their central vertical axes of k A and k B respectively. If they are freely rotating in the same direction at A and about the...
-
Determine whether the relations represented by the directed graphs shown in Exercises 23-25 are reflexive, irreflexive, symmetric, antisymmetric, and/or transitive.
-
Prepare a statement of cash flows using the direct method. LO3
-
What factors must be considered when attempting to determine who owns goods that are in transit at the end of an accounting period? What is the meaning of FOB shipping point and FOB destination? How...
-
Proctor and Gamble paid an annual dividend of $1.72 in 2009. You expect P&G to increase its dividends by 8% per year for the next five years (through 2014), and thereafter by 3% per year. If the...
-
The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow: Total $ 922,600 476,000 446,000...
-
Solve the preceding problem using the following data: W 8 x 21 section, L = 84 in., P = 4.5 k, and = 22.5
-
Clocktower Cleaning, Inc., had the following transactions for the month of March 2018: Mar 2 Paid Rent Expense, $900.4 Performed service for a customer and received cash, $1,600.8 Purchased supplies...
-
Wu & Associates, Inc., completed the following transactions during March 2018, its first month of operations: Mar 1 Sold $95,000 of common stock to Jimmy Wu to start the business. 3 Purchased...
-
Describe some advantages and disadvantages of the three types of fossil fuels.
-
Tax issues are definitely a concern of consolidated entities. Using external resources, please explain some of the challenges faced by the accountant for tax purposes regarding consolidated entities....
-
Ownership of 51% of the outstanding voting common stock of a company would usually result in a. the use of the cost method b. the use of the lower of cost or market method c. the use of the equity...
-
Menlo Company distributes a single product. The companys sales and expenses for last month follow: Total Per Unit Sales $ 308,000 $ 20 Variable expenses 215,600 14 Contribution margin 92,400 $ 6...
-
Dr. Solo is preparing a single journal entry for December 31, 2022. The bank statement shows a balance of $10,500 on that day. Three checks were made out on that day: one for $250 for medical...
-
Predicting Gender A study addressed the issue of whether pregnant women can correctly predict the gender of their baby. Among 104 pregnant women, 57 correctly predicted the gender of their baby...
-
An English-like programming language such as Java or Visual Basic is a ________ programming language. a. Machine-level b. Low-level c. High-level d. Binary-level
-
The column shown in the figure is fixed at the base and free at the upper end. A compressive load P acts at the top of the column with an eccentricity e from the axis of the column. Beginning with...
-
The adjusted trial balances of LSC, Inc., at March 31, 2012, and March 31, 2013, include these amounts: Analysis of the accounts at March 31, 2013, reveals these transactions for the past twelve...
-
The adjusted trial balance for Sweet Home Catering, Inc., is presented next. Prepare the income statement and statement of retained earnings for Sweet Home Catering, Inc., for the month ended March...
-
Prepare closing entries Requirements 1. Using the following selected accounts of Everyday Electrical, Inc., at November 30, 2012, to prepare the entitys closing entries: 2. What is Everyday...
-
The country of Lebanon just invested $334,800 to build an amusement park. The amusement park is expected to produce cash inflows of $48,300 for 9 years and a cash inflow of $63,700 in Year 10. If...
-
Which of the following would not be shown in the operating activities section of the statement of cash flows? inventory sold collections from customers payments to suppliers exchanges of assets
-
If the month-end bank statement shows a balance of $75,000, outstanding checks are $54,000, a deposit of $15,000 was in transit at month end, and a check for $4,000 was erroneously charged by the...
Study smarter with the SolutionInn App