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Just need to check my answers ,upvote guranteed The following information related to questions through 3 on the next page: Plinkman's Pianos offers piano tunine

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The following information related to questions through 3 on the next page: Plinkman's Pianos offers piano tunine and restoration services and has been operating for one year (2018). At the start of 2019. its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable 33,000 18 DO Prepaid Insurance 8,000 85,000 55600 3000 3000 Land Equipment - 12000 2000 20,000 14,000 Building 63,000 Accounts payable 22,000 Unearned Revenue 87,000 Notes payable 50,000 Contributed Capital 50,000 Retained Earnings 14,000 5500 -4000 79000 Jou Service Revenue Wage Expense Utility Expense During January of 2019, Plinkman's had the following transactions: a. Restored and polished piano's for customers who paid a total of $55,000 in cash. b. Received $18,000 from customers as payment on their accounts. c. Received electric, phone and gas bills for $5,500 to be paid in February > d. Purchased new equipment costing $11,000 by paying $4,000 down and signing a note for the balance. e. Received a $3,000 deposit from a customer for services that will be performed in February f. Paid $19,000 in wages to employees earned and paid in January 8. Declared and paid a $2,000 dividend. 1. Net income for January 2019 is uwis - liens a. $55.000 b. $79,500 c. $30,500 d. $42,500 2. Retained earnings at the end of January 2019 is a. $12,000/ b. $26.000X c. $46,500 d. $42,500 - Divide 14000 Rg RE + 14000 +( - 2000 3. Total assets at the end of January 2019 is a. $157,000 b. $259,000 c. $267,000 d. $223,000 4. Expenses are recorded: a. At the end of the year for all previous periods. b. When the expense is incurred, despite the payment of cash. - When the cash is paid. d. When the contract, lease, etc. is signed. For each of the next 3 questions, (I) denotes increase, (D) denotes decrease and (NE) denotes no effect. Identify the effect of each transaction on Assets, Liabilities, Shareholders' Equity. Revenue, Expense and Net Income for the month. Each of the following transactions occurred in January 2019. 5. Incurred $2,500 worth of utility bills that we will pay in the same period. Assets Liabilities Sh. Equity Revenue Expense Net Inc. NE LINE NEID D NE NE NE I NE TTD NENE I NE D. NE DNE ITD 6. Received cash for a job before the job was started. Assets Liabilities Sh. Equity Revenue DINE LINE - NE NE NE DNE Expense Net Inc. ID NE NE NE NE ID DT NE 7. Paid $18,000 for the next 6 months of rent. A. 3. Assets Liabilities Sh. Equity Revenue D NE I NENE D I NE NE DNE DINE NE NE NE NE Expense Net Inc. I NE NE NE TID NE NE 5. 8. The following is an example of an error that will not be discovered on the trial balance: a. A journal entry that was a debit to revenue of $8.000 and a debit to unearned revenue of $8,000 when the services had been performed to the customer. b. An entry that was journalized and posted as a debit to cash for $3000 and a credit of $3000 to service revenue that was made on credit. Recording the payment of a $350 utility bill as a debit to expense and the debit as cash d. All of these errors would be discovered on the trial balance Le. None of these errors would be discovered on the trial balance 9. An office building is appraised for $640,000 in 2018 and was offered for sale for $650,000 in the same year. The building was purchased for $430,000 in 2007 and was officially sold in 2018 for $655,000. The buyer in 2018 should record the building as a $655,000 . $430,000 c. $640,000 d. $650,000 e. Any of the above, the buyer can choose historic 10. A debit will: a. Increase liabilities and expenses b. Increase expenses and assets Decrease revenues and inventory d. Decrease expenses and revenues

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