Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8. Check the correct column for each account in the table below. (Chap. 4) (13 @ 2 = 26 points) Temporary (Nominal) Permanent (Real) c.

image text in transcribed
image text in transcribed
8. Check the correct column for each account in the table below. (Chap. 4) (13 @ 2 = 26 points) Temporary (Nominal) Permanent (Real) c. o Decen SMT 1 2 3 8 9 10 15 16 17 22 23 24 29 30 31 f. bis Account Cash... Prepaid insurance ..... Unearned fees...... Accounts receivable Insurance expense ....... O. Ner, Capital.. O. Ner, Withdrawals ... Rent expense... Fees earned... Supplies.............. Supplies expense ................. Depreciation expense - Building.......... Accumulated depreciation - Building .. k. 1. m. TH , $1,300. upplies still on hand. E. Pace, Consulting Work Shoct For the year ended December 31 Account Adjusted Trial Adjustments Balance Debit Credit Debit Credit Income Statement Debit Credit Balance Sheet and Statement of Owner's Equity Debit Credit Unadjusted Trial Balance Debit Credit $14,000 1,000 11,000 $ 2,000 500 Cash...... Supplies.... Equipment ............... Accum. Depr.- Equip. Accounts payable..... Salaries payable E. Pace, Capital....... E. Pace, Withdrawals Fees earned.. Salary expense ......... Rent expense............ Supplies expense...... Depreciation expense Totals .................... 6,500 1,500 30,000 7,500 4,000 $39,000 $39,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Trends In Managerial And Financial Accounting Volume 1

Authors: Cees Van Dam

1978 Edition

9020706934, 978-9020706932

More Books

Students also viewed these Accounting questions

Question

What is goodwill, and how is it calculated?

Answered: 1 week ago

Question

Write the difference between sexual and asexual reproduction.

Answered: 1 week ago

Question

What your favourite topic in mathematics?

Answered: 1 week ago

Question

Briefly describe vegetative reproduction in plants.

Answered: 1 week ago