need help plz for accounting

need help with all of these plz for accounting

need help with these 4 questions plz for accounting

Journalizing and Posting On February 11, 20Y9, Quick Fix Company purchased $3,090 of supplies on account. In Quick Fix's chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21. a. Journalize and insert the posting reference for the February 11, 20Y9, transaction on page 73 of Quick Fix Company's two-column journal. If an amount box does not require an entry, leave it blank. b. \& d. Enter a debit balance of $1,480 as of February 1, 20Y9. Place a check mark () in the Posting Reference column. Post and insert the posting reference for the February 11, 20Y9, transaction to the account. If an amount box does not require an entry, leave it blank. c. \& d. Enter a credit balance of $22,000 as of February 1, 20Y9. Place a check mark () in the Posting Reference column. Post and insert the posting reference for the February 11, 20Y9, transaction to the account. If an amount box does not require an entry, leave it blank. e. Do the rules of debit and credit apply to all companies? b. On October 1 , the accounts receivable account balance was $45,500. During October, $395,800 was collected from customers on account. Assuming the October 31 balance was $52,300, determine the fees billed to customers on account during October. $ c. On April 1 , the cash account balance was $21,010. During April, cash receipts totaled $319,350 and the April 30 balance was $15,130. Determine the cash payments made during April. Retained Earnings Account Balance As of January 1 , Retained Earnings had a credit balance of $45,100. During the year, dividends totaled $1,200, and the business incurred a net loss of $63,100. a. Compute the balance of Retained Earnings as of the end of the year. $ b. Assuming that there have been no recording errors, will the balance sheet prepared at December 31 balance? Trial Balance Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 20Y2, its first month of operations, are indicated in the following T accounts: a. Prepare an unadjusted trial balance. List all the accounts in the order of Assets, Liabilities, Stockholders' equity, Revenues, and Expenses. Place the amounts in the proper columns. If an entry is not required in an amount box, leave it blank. b. Based upon the unadjusted trial balance, determine the net income or net loss. $ Trial Balance The accounts in the ledger of Seaside Furniture Company as of August 20 S 5 are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. Prepare an unadjusted trial balance. List all the accounts in the order of Assets, Liabilities, Stockholders' equity, Revenues, and Expenses. Place the amounts in the proper columns. If an entry is not required in an amount box, leave it blank. Errors in Trial Balance The following preliminary unadjusted trial baiance of Ranger CO, a sports ticket agency, does not balance: When the ledger and other records are reviewed, you discover the following: (1) the debits and credits in the cash account total $53,190 and $38,190, respectively; (2) a billing of $2,820 to a customer on account was not posted to the accounts receivable account; (3) a payment of $2,020 made to a creditor on account was not posted to the accounts payable account; (4) the balance of the unearned rent account is $5,700; (5) the correct balance of the equipment account is $84,000; and (6) each account has a normal balance. Prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank: The following errors occurred in posting from a two-column journat: 1. A credit of $6,030 to Accounts Payable was not posted. 2. An entry debiting Accounts Receivable and crediting Fees Earned for $16,800 was not posted. 3. A debit of $600 to Accounts Payable was posted as a credit. 4. A debit of $1,390 to Supplies was posted twice. 5. A debit of $950 to Cash was posted to Miscellaneous Expense. 6. A credit of $270 to Cash was posted as $720. 7. A debit of $5,820 to Wages Expense was posted as $5,280. Considering each case individually (i.e., assuming that no other errors had occurred): (a) Indicate by "yes" or "no" whether the trial balance would be out of balance. (b) If the answer to (a) is "yes", indicate the amount by which the trial balance totals would differ. (c) Indicate whether the debit or credit column of the trial balance would have the larger total. If "no", enter " 0 " in the difference column and select "neither" from the drop box under "Larger Total". Enter all amounts as positive numbers. Answers should be Errors in Trial Balance Identify the errors in the following trial balance. All accounts have normal balances. After identifying the errors, prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank. Entries to Correct Errors The following errors took place in journalizing and posting transactions: a. Insurance of $23,500 paid for the current year was recorded as a debit to Insurance Expense and a credit to Prepaid Insurance. b. Dividends of $13,000 were recorded as a debit to Wages Expense and a credit to Cash. Journalize the entries to correct the errors. If an amount box does not require an entry, leave it blank. Innovative Consulting Co, has the following acoounts in its ledger: Cash: Accounts Receivable: Supplies; Office Equipment; Accounts Payable; Common Stock; Retained Earnings; Dividends: Fees Earned: Pent Expense; Advertising Expense; Utillies Expense; Miscellaneous Expense. Journaze the preceding selected transactions for October 20 Y 2 in a two-cotumn joumat. Refer to the Chart of Accounts for exact wording of account tities. = The following selected transactions were completed during July of the current year: July 1 Billed customers for fees earned, $72,120. 4 Purchased supplies on account, $1,960. 8 Received cash from customers on account, $63,290. 11 Paid creditors on account, $880. Required: a. Joumalize these transactions in a two-column journal. Refor to the list of accounts in the T accounts for exact wording of account titles. b. Post the entries prepared in (a) to the following T accounts: Cash, Supplies, Accounts Payable, Fees Eamed. To the left of each amount posted in the accounts, select the appropriate date. c. Assume that the unadjusted trial balance on July 31 shows a credit balance for Accounts Receivable. Does this credit balance mean an error has occurred? On October 1, 20Y6, Jay Crowley established Aflordable Peally, which completed the following transactions during the month: Oct. 1 Jay Crowley transterred cash from a personal bank account to an account to be used for the business in exchange for common stock. $40.000 2 Paid rent on oflice and equipment for the month, $4,800. 3 Purchased supplies on acoount, $2,150. 4 Paid creditor on account, $1,100. 5 Earned sales commissions, receiving cash, 518,750 . 6 Paid aulomobile expenses (including rental chargo) for month, $1,580. and miscellaneous expenses, $800. 7 Paid otfice salaries, $3,500. 8 Determined that the cost of supplies used was $1,300. 9 Paid dividends, $1,500. 1. Journalize entries for transactions Oct. 1 through 9 . Refer to the Chart of Accounts for exact wording of account titles. 2. Post the joumal entries to the Tagapunts, selecting the appropriate date to the left of each amount to identily the transactions. Determine the account balances, affor all posting is complete. Accounts containing only a single enty do not need a balance. 3. Prepare an unadiusted trial balance as of October 31, 20y6. 4. Determine the following: a. Amount of total revenue recorded in the ledoer. b. Amount of total expenses recorded in the fedger. c. Amount of net income for October. 5. Determine the increase or decrease in retainedeamings for October. Analyze Amazon.com Amazon.com, Inc. (AMZN) is the largest Internet retailer in the United States. Amazon's income statements for two recent years follow: Amazon.com, Inc. Required: a. Prepare a horizontal analysis of the income statements. Round percentages to one decimal place. Horizontal analysis Two income statements for Paragon Company follow: Paragon Company Prepare a horizontal analysis of Paragon Company's income statements. If required, round your percentage to the nearest whole number. Paragon Company Income Statements Journalizing and Posting On February 11, 20Y9, Quick Fix Company purchased $3,090 of supplies on account. In Quick Fix's chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21. a. Journalize and insert the posting reference for the February 11, 20Y9, transaction on page 73 of Quick Fix Company's two-column journal. If an amount box does not require an entry, leave it blank. b. \& d. Enter a debit balance of $1,480 as of February 1, 20Y9. Place a check mark () in the Posting Reference column. Post and insert the posting reference for the February 11, 20Y9, transaction to the account. If an amount box does not require an entry, leave it blank. c. \& d. Enter a credit balance of $22,000 as of February 1, 20Y9. Place a check mark () in the Posting Reference column. Post and insert the posting reference for the February 11, 20Y9, transaction to the account. If an amount box does not require an entry, leave it blank. e. Do the rules of debit and credit apply to all companies? Retained Earnings Account Balance As of January 1 , Retained Earnings had a credit balance of $45,100. During the year, dividends totaled $1,200, and the business incurred a net loss of $63,100. a. Compute the balance of Retained Earnings as of the end of the year. $ b. Assuming that there have been no recording errors, will the balance sheet prepared at December 31 balance? Trial Balance Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 20Y2, its first month of operations, are indicated in the following T accounts: a. Prepare an unadjusted trial balance. List all the accounts in the order of Assets, Liabilities, Stockholders' equity, Revenues, and Expenses. Place the amounts in the proper columns. If an entry is not required in an amount box, leave it blank. b. Based upon the unadjusted trial balance, determine the net income or net loss. $ Trial Balance The accounts in the ledger of Seaside Furniture Company as of August 20 S 5 are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. Prepare an unadjusted trial balance. List all the accounts in the order of Assets, Liabilities, Stockholders' equity, Revenues, and Expenses. Place the amounts in the proper columns. If an entry is not required in an amount box, leave it blank. Errors in Trial Balance The following preliminary unadjusted trial baiance of Ranger CO, a sports ticket agency, does not balance: When the ledger and other records are reviewed, you discover the following: (1) the debits and credits in the cash account total $53,190 and $38,190, respectively; (2) a billing of $2,820 to a customer on account was not posted to the accounts receivable account; (3) a payment of $2,020 made to a creditor on account was not posted to the accounts payable account; (4) the balance of the unearned rent account is $5,700; (5) the correct balance of the equipment account is $84,000; and (6) each account has a normal balance. Prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank: The following errors occurred in posting from a two-column journat: 1. A credit of $6,030 to Accounts Payable was not posted. 2. An entry debiting Accounts Receivable and crediting Fees Earned for $16,800 was not posted. 3. A debit of $600 to Accounts Payable was posted as a credit. 4. A debit of $1,390 to Supplies was posted twice. 5. A debit of $950 to Cash was posted to Miscellaneous Expense. 6. A credit of $270 to Cash was posted as $720. 7. A debit of $5,820 to Wages Expense was posted as $5,280. Considering each case individually (i.e., assuming that no other errors had occurred): (a) Indicate by "yes" or "no" whether the trial balance would be out of balance. (b) If the answer to (a) is "yes", indicate the amount by which the trial balance totals would differ. (c) Indicate whether the debit or credit column of the trial balance would have the larger total. If "no", enter " 0 " in the difference column and select "neither" from the drop box under "Larger Total". Enter all amounts as positive numbers. Answers should be Errors in Trial Balance Identify the errors in the following trial balance. All accounts have normal balances. After identifying the errors, prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank. Entries to Correct Errors The following errors took place in journalizing and posting transactions: a. Insurance of $23,500 paid for the current year was recorded as a debit to Insurance Expense and a credit to Prepaid Insurance. b. Dividends of $13,000 were recorded as a debit to Wages Expense and a credit to Cash. Journalize the entries to correct the errors. If an amount box does not require an entry, leave it blank. Journalizing and Posting On February 11, 20Y9, Quick Fix Company purchased $3,090 of supplies on account. In Quick Fix's chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21. a. Journalize and insert the posting reference for the February 11, 20Y9, transaction on page 73 of Quick Fix Company's two-column journal. If an amount box does not require an entry, leave it blank. b. \& d. Enter a debit balance of $1,480 as of February 1, 20Y9. Place a check mark () in the Posting Reference column. Post and insert the posting reference for the February 11, 20Y9, transaction to the account. If an amount box does not require an entry, leave it blank. c. \& d. Enter a credit balance of $22,000 as of February 1, 20Y9. Place a check mark () in the Posting Reference column. Post and insert the posting reference for the February 11, 20Y9, transaction to the account. If an amount box does not require an entry, leave it blank. e. Do the rules of debit and credit apply to all companies? b. On October 1 , the accounts receivable account balance was $45,500. During October, $395,800 was collected from customers on account. Assuming the October 31 balance was $52,300, determine the fees billed to customers on account during October. $ c. On April 1 , the cash account balance was $21,010. During April, cash receipts totaled $319,350 and the April 30 balance was $15,130. Determine the cash payments made during April. Retained Earnings Account Balance As of January 1 , Retained Earnings had a credit balance of $45,100. During the year, dividends totaled $1,200, and the business incurred a net loss of $63,100. a. Compute the balance of Retained Earnings as of the end of the year. $ b. Assuming that there have been no recording errors, will the balance sheet prepared at December 31 balance? Trial Balance Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 20Y2, its first month of operations, are indicated in the following T accounts: a. Prepare an unadjusted trial balance. List all the accounts in the order of Assets, Liabilities, Stockholders' equity, Revenues, and Expenses. Place the amounts in the proper columns. If an entry is not required in an amount box, leave it blank. b. Based upon the unadjusted trial balance, determine the net income or net loss. $