{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-21T18:01:29-04:00", "answer_date": "2024-05-21 18:01:29", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1466073", "url": "\/study-help\/questions\/debit-credit-cash-25000-accounts-receivable-45000-allowance-for-doubtful-1466073", "question_creation_date_js": "2024-05-21T18:01:29-04:00", "question_creation_date": "May 21, 2024 06:01 PM", "meta_title": "[Solved] Debit Credit Cash $25,000 Accounts Receiv | SolutionInn", "meta_description": "Answer of - Debit Credit Cash $25,000 Accounts Receivable 45,000 Allowance for Doubtful Accounts $2,000 Supplies 2,800 Prepaid Ins | SolutionInn", "meta_keywords": "debit,credit,cash,$25,000,accounts,receivable,45,000,allowance,doubtful,$2,000,supplies,2,800", "question_title_h1": " Debit Credit Cash $25,000 Accounts Receivable 45,000 Allowance for Doubtful Accounts $2,000 Supplies 2,800 Prepaid Insurance 1,000 Equipment 25,000 Accumulated Depreciation-Equipment 4,000 Notes Payable", "question_title": " Debit Credit Cash $25,000 Accounts Receivable 45,000 Allowance for Doubtful Accounts", "question_title_for_js_snippet": "Debit Credit Cash $25,000 Accounts Receivable 45,000 Allowance for Doubtful Accounts $2,000 Supplies 2,800 Prepaid Insurance 1,000 Equipment 25,000 Accumulated Depreciation Equipment 4,000 Notes Payable 4,800 Owner's Capital 45,000 Service Revenue 79,100 Rent Expense 6,500 Salaries and Wages Expense 28,000 Utilities Expenses 1,000 Office Expense 600 $134,900 $134,900 1 Fees received in advance from clients $4,000, which were recorded as revenue 2 Services performed for clients that were not recorded by December 31, $3,900 Equipment is being depreciated at 8 per year A Bad debt expense for the year is $1,200 Insurance expired during the year 5400 6 Ayayal gave the bank a 90 day, 5 note for $4 800 on December 1, 2020 2 ent of the building is $500 per month The rent for 2020 has been paid, as has that for January 2021 A Office salaries and wages earned but unpaid December 31, 2020, $1,200 Feal withdrew $10,000 cash for personal use during the year From the trial balance and other information given, prepare annual adjusting entries as of December 31, 2020 (Credit account titles are aut No Account Titles and Explanation Debit Credit 1 Service Revenue Unearned Service Revenue 2 Accounts Receivable 3 Service Revenue Depreciation Expense Accumulated Depreciation Equipment Bad Debt Expense Allowance for Doubtful Accounts Insurance Expense Prepaid Insurance 6 Interest Expense Interest Payable 7 Prepaid Rere Rent Expense B Salaries and Wiges Dxpense Salaries and Wages Peyable Last saved 1 hourag Saved work The auto subekted on the due date Auto submission can take up to 10 minutes", "question_description": "\"image\"image", "transcribed_text": "Debit Credit Cash $25,000 Accounts Receivable 45,000 Allowance for Doubtful Accounts $2,000 Supplies 2,800 Prepaid Insurance 1,000 Equipment 25,000 Accumulated Depreciation-Equipment 4,000 Notes Payable 4,800 Owner's Capital 45,000 Service Revenue 79,100 Rent Expense 6,500 Salaries and Wages Expense 28,000 Utilities Expenses 1,000 Office Expense 600 $134,900 $134,900 1 Fees received in advance from clients $4,000, which were recorded as revenue. 2 Services performed for clients that were not recorded by December 31, $3,900 Equipment is being depreciated at 8% per year. A Bad debt expense for the year is $1,200 Insurance expired during the year 5400 6. Ayayal gave the bank a 90-day, 5% note for $4.800 on December 1, 2020 2 ent of the building is $500 per month. The rent for 2020 has been paid, as has that for January 2021 A Office salaries and wages earned but unpaid December 31, 2020, $1,200 Feal withdrew $10,000 cash for personal use during the year From the trial balance and other information given, prepare annual adjusting entries as of December 31, 2020. (Credit account titles are aut No. Account Titles and Explanation Debit Credit 1 Service Revenue Unearned Service Revenue 2. Accounts Receivable 3. Service Revenue Depreciation Expense Accumulated Depreciation-Equipment Bad Debt Expense Allowance for Doubtful Accounts Insurance Expense Prepaid Insurance 6 Interest Expense Interest Payable 7 Prepaid Rere Rent Expense B Salaries and Wiges Dxpense Salaries and Wages Peyable Last saved 1 hourag Saved work The auto-subekted on the due date Auto submission can take up to 10 minutes", "related_book": { "title": "Fundamentals Of Financial Management", "isbn": "0357517571, 978-0357517574", "edition": "16th Edition", "authors": "Eugene F. Brigham, Joel F. Houston", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/625d0caf514b4_10212.jpg", "uri": "\/textbooks\/fundamentals-of-financial-management-16th-edition-9780357517574", "see_more_uri": "" }, "free_related_book": { "isbn": "0713726148", "uri": "\/textbooks\/the-great-apes-our-face-in-natures-mirror-1st-edition-978-0713726145-229746", "name": "The Great Apes Our Face In Natures Mirror", "edition": "1st Edition" }, "question_posted": "2024-05-21 18:01:29", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/mcintyre-industries-work-in-process-inventory-account-had-a-68000", "description": "McIntyre Industries Work in Process Inventory account had a $68,000 beginning balance on May 1 ($40,000 of this related to direct materials used during April, while $28,000 related to conversion...", "stars": 3 }, { "url": "\/identify-compounds-a-and-b", "description": "Identify compounds A and B: CH2 OH 1. CHaLi HCH2 CHCCH,CHCH 1. (CH2-CH)2Culi", "stars": 3 }, { "url": "\/study-help\/accounting-and-finance\/describe-three-of-the-most-commonly-used-methods-of-accounting-1814030", "description": "Describe three of the most commonly used methods of accounting for depreciation.", "stars": 3 }, { "url": "\/study-help\/psychology\/1-what-were-some-of-the-shortcomings-of-traditional-investigative-1982461", "description": "1. What were some of the shortcomings of traditional investigative interviews and how did the Memorandum of Good Practice (MOGP) and Achieving Best Evidence (ABE) guidelines begin to address some of...", "stars": 3 }, { "url": "\/on-april-22-2016-sandstone-enterprises-purchased-equipment-for-129200", "description": "On April 22, 2016, Sandstone Enterprises purchased equipment for $129,200. The company expects to use the equipment for 12,000 working hours during its four-year life and that it will have a residual...", "stars": 3 }, { "url": "\/study-help\/questions\/use-any-2-valuation-technique-to-calculate-the-value-of-9785779", "description": "Use any 2 valuation technique to calculate the value of the following business Lauren Holcombe has wanted to open her own clothing store since she was in high school. Her career interest and dynamic...", "stars": 3 }, { "url": "\/study-help\/questions\/discussion-must-also-include-information-from-the-research-log-from-1521936", "description": "Discussion must also include information from the Research Log from Task 1.2. Part III. Recruitment Plan Part IV. Employee Induction Plan Part V. Employee Development Plan Part VI. Acquisition Plan...", "stars": 3 }, { "url": "\/study-help\/questions\/apple-is-delaying-its-plan-to-use-neuralmatchlinks-to-an-712586", "description": "Apple is delaying its plan to use neuralMatchLinks to an external site. technology to scan US iPhones for child pornography and child abuse. Currently, Apple uses end-to-end encryption to ensure...", "stars": 3 }, { "url": "\/study-help\/questions\/you-use-tableau-for-a-project-about-spacecraft-trajectories-you-1233391", "description": "You use Tableau for a project about spacecraft trajectories. You drag the Spacecraft field onto a shelf, selecting a specific craft. This enables you to monitor the trajectories that will be most...", "stars": 3 }, { "url": "\/study-help\/questions\/ringle-company-is-a-manufacturer-of-compact-disks-cds-place-3232811", "description": "Ringle Company is a manufacturer of compact disks (CDs). Place each of the following costs in the appropriate column. Product Cost Cost item Cost item Period Direct Direct Factory Cost Materials...", "stars": 3 }, { "url": "\/study-help\/questions\/multiple-select-question-select-all-that-apply-which-of-the-5186504", "description": "Multiple Select Question Select all that apply Which of the following about planning for objections is true? Multiple select question. Salespeople should only focus on the disadvantages of their...", "stars": 3 }, { "url": "\/study-help\/questions\/activity-2-ip-and-routing-this-is-a-group-activity-713138", "description": "Activity 2: IP and routing This is a group activity. Therefore, you need to form a group of four (4)~ five (5) people. At your table (or in MS team chat) discuss the following questions with your...", "stars": 3 }, { "url": "\/study-help\/questions\/me-1-7-1-7-1-pt-8686670", "description": "ME 1 7 . 1 7 1 pt . ? .", "stars": 3 }, { "url": "\/study-help\/questions-and-answers\/write-a-paper-about-the-working-relationship-in-the-organization", "description": "Write a paper about the Working relationship in the organization- collaboration within and outside the organization", "stars": 3 }, { "url": "\/study-help\/human-resource-management\/25-working-individually-or-in-groups-respond-to-these-three-1753189", "description": "2-5. Working individually or in groups, respond to these three scenarios based on what you learned in this chapter. Under what conditions (if any) do you think the following constitute sexual...", "stars": 3 }, { "url": "\/study-help\/human-resource-management\/24-what-is-the-difference-between-disparate-treatment-and-disparate-1753190", "description": "2-4. What is the difference between disparate treatment and disparate impact?", "stars": 3 }, { "url": "\/study-help\/human-resource-management\/21-what-important-precedents-were-set-by-the-griggs-v-1753193", "description": "2-1. What important precedents were set by the Griggs v. Duke Power Company case? The Albemarle v. Moody case?", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/symphony-electronics-produces-wireless-speakers-for-outdoor-use-on-patios-1466072", "next": "\/study-help\/questions\/excalibur-corporation-sells-video-games-for-personal-computers-the-unadjusted-1466074" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " Debit Credit Cash $25,000 Accounts Receivable 45,000 Allowance for Doubtful Accounts", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/debit-credit-cash-25000-accounts-receivable-45000-allowance-for-doubtful-1466073" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } "1" } }