Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a total of 10 entries hom... Beschuide Realty, that rents condominiums and furnishing. Below is the wasted tralance at December 31, 2014 Debit Credit Cash

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
a total of 10 entries
image text in transcribed
hom... Beschuide Realty, that rents condominiums and furnishing. Below is the wasted tralance at December 31, 2014 Debit Credit Cash $ 1.500 Accounts receivable 2.000 Interest receivable 100 Prepaid insurance 1.600 2.800 Notes receivable long termi Loviment 15.000 $1.000 Accumulated depreciation Accounts payable 2.400 3.920 2,700 500 7.700 2.000 37,000 1.200 Accrued expenses payable Income taxes payable Unnamedrent fees Bob Evans, Capital Hob Evans, Drawing Rent fees earned Furniture rental revenue Interest revenue Wages expense Depreciation expense Utilities expense Insurance expense Maintenance expense Income tax expense 100 19,000 1.800 320 700 9,000 2.700 $58.520 $58,520 Lons Chart Of Accounts General Journal is ral Journal Chart of Accounts ASSETS REVENUE 11 Cash 41 Rent Fees Earned 12 Accounts Receivable 42 Furniture Rental Revenue 13 Interest Receivable 43 Interest Revenue 14 Prepaid Insurance 15 Notes Receivable (long-term) 16 Equipment EXPENSES 51 Wages Expense 17 Accumulated Depreciation 52 Depreciation Expense 53 Utilities Expense 54 Insurance Expense LIABILITIES 21 Accounts Payable 55 Maintenance Expense ns eral Journal Chart of Accounts UU wwwww] LIABILITIES 54 Insurance Expense 21 Accounts Payable 55 Maintenance Expense 22 Accrued Expenses Payable 56 Income Tax Expense 23 Income Taxes Payable 24 Unearned Rent Fees EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends 34 Income Summary structions 1 General Journal JOURNAL ACCOUNTING EQUATION DUATL DESCRIPTION FOSTER BOUT CROT ATS 1 uctions chal General Journal Prepare the entry required to close the revenue and expense accounts at December 34 Refer to the Chart of Accounts for cording of cours JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST HET OCHT cute hom... Beschuide Realty, that rents condominiums and furnishing. Below is the wasted tralance at December 31, 2014 Debit Credit Cash $ 1.500 Accounts receivable 2.000 Interest receivable 100 Prepaid insurance 1.600 2.800 Notes receivable long termi Loviment 15.000 $1.000 Accumulated depreciation Accounts payable 2.400 3.920 2,700 500 7.700 2.000 37,000 1.200 Accrued expenses payable Income taxes payable Unnamedrent fees Bob Evans, Capital Hob Evans, Drawing Rent fees earned Furniture rental revenue Interest revenue Wages expense Depreciation expense Utilities expense Insurance expense Maintenance expense Income tax expense 100 19,000 1.800 320 700 9,000 2.700 $58.520 $58,520 Lons Chart Of Accounts General Journal is ral Journal Chart of Accounts ASSETS REVENUE 11 Cash 41 Rent Fees Earned 12 Accounts Receivable 42 Furniture Rental Revenue 13 Interest Receivable 43 Interest Revenue 14 Prepaid Insurance 15 Notes Receivable (long-term) 16 Equipment EXPENSES 51 Wages Expense 17 Accumulated Depreciation 52 Depreciation Expense 53 Utilities Expense 54 Insurance Expense LIABILITIES 21 Accounts Payable 55 Maintenance Expense ns eral Journal Chart of Accounts UU wwwww] LIABILITIES 54 Insurance Expense 21 Accounts Payable 55 Maintenance Expense 22 Accrued Expenses Payable 56 Income Tax Expense 23 Income Taxes Payable 24 Unearned Rent Fees EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends 34 Income Summary structions 1 General Journal JOURNAL ACCOUNTING EQUATION DUATL DESCRIPTION FOSTER BOUT CROT ATS 1 uctions chal General Journal Prepare the entry required to close the revenue and expense accounts at December 34 Refer to the Chart of Accounts for cording of cours JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST HET OCHT cute

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Discovering Advanced Algebra An Investigative Approach

Authors: Jerald Murdock, Ellen Kamischke, Eric Kamischke

1st edition

1559539844, 978-1604400069, 1604400064, 978-1559539845

Students also viewed these Accounting questions