Please see word document attachment with 7 Accounting questions

Question 1 The following is the Bravo Unlimited unadjusted Trail Balance. Bravo Unlimited Unadjusted Trial Balance December 31, 2016 Account Title Debit Cash $88,450 Accounts Receivable 331,860 Supplies 6,255 Prepaid Rent 11,000 Equipment 295,285 Credit Accumulated Depreciation $224,260 Accounts Payable 72,555 Wages Payable 0 Capital Stock 220,000 Retained Earnings 111,145 Service Revenue 893,105 Interest Income 1,500 Rent Expense 60,500 Wages Expense 527,260 Supplies Expense 42,520 Utilities Expense 8,595 Depreciation Expense 144,000 Interest Expense 6,840 _______ Totals $1,522,565 $1,522,565 Adjusting Items: 1. The prepaid rent covers December 2016 & January 2017 rents. 2. December depreciation on equipment is $12,000 per month. 3. At year end Wages of $10,300 were earned but unpaid. Use this information to determine the adjusted account balances for the following: 1. Cash 2. Prepaid Rent 3. Equipment 4. Accumulated Depreciation 5. Wages Payable 6. Rent Expense 7. Wages Expense 8. Depreciation Expense Question 2 The following is the Bravo Unlimited adjusted Trail Balance. Bravo Unlimited Unadjusted Trial Balance December 31, 2016 Account Title Debit Cash $88,450 Accounts Receivable 331,860 Supplies 11,255 Prepaid Rent 5,500 Equipment 295,285 Credit Accumulated Depreciation $236,260 Accounts Payable 72,555 Wages Payable 10,000 Capital Stock 220,000 Retained Earnings 111,145 Service Revenue 898,105 Interest Income 1,500 Rent Expense 66,000 Wages Expense 537,260 Supplies Expense 42,520 Utilities Expense 8,595 Depreciation Expense 156,000 Interest Expense 6,840 ________ Totals $1,549,565 $1,549,565 Prepare the general journal entry (without explanation) needed to close the revenue(s) for the year end. Use compound entries where required. If no entry is required then write "No Entry Required." General Journal Date Question 3 Accounts Debit Credit The following is the Bravo Unlimited adjusted Trail Balance. Bravo Unlimited Adjusted Trial Balance December 31, 2016 Account Title Debit Cash $88,450 Accounts Receivable 333,700 Supplies 15,255 Prepaid Rent 9,000 Equipment 295,285 Credit Accumulated Depreciation $235,760 Accounts Payable 73,555 Wages Payable 12,000 Capital Stock 220,000 Retained Earnings 111,145 Service Revenue 902,105 Interest Income 1,500 Rent Expense 63,500 Wages Expense 539,260 Supplies Expense 42,520 Depreciation Expense 164,095 Dividends 5,000 _________ Totals $1,556,065 $1,556,065 Prepare the general journal entry (without explanation) needed to close expense(s) for the year end. Use compound entries where required. If no entry is required then write "No Entry Required." General Journal Date Debit Accounts Credit Question 4 The following is the Bravo Unlimited adjusted Trail Balance. Bravo Unlimited Adjusted Trial Balance December 31, 2016 Account Title Debit Cash $88,450 Accounts Receivable 332,700 Supplies 10,255 Prepaid Rent 8,250 Credit Equipment 295,285 Accumulated Depreciation $235,260 Accounts Payable 72,555 Wages Payable 10,000 Capital Stock 220,000 Retained Earnings 111,145 Service Revenue 897,105 Interest Income 1,500 Rent Expense 63,250 Wages Expense 537,260 Supplies Expense 42,520 Depreciation Expense 163,595 Dividends 6,000 ________ Totals $1,547,565 $1,547,565 Prepare the general journal entry (without explanation) needed to close Net Income or Net Loss for the year end. Use compound entries where required. If no entry is required then write "No Entry Required." General Journal Date Accounts Debit Credit Question 5 The following is the Bravo Unlimited adjusted Trail Balance. Bravo Unlimited Adjusted Trial Balance December 31, 2016 Account Title Debit Cash $88,450 Accounts Receivable 331,860 Supplies 11,255 Prepaid Rent 5,500 Equipment 295,285 Credit Accumulated Depreciation $236,260 Accounts Payable 72,555 Wages Payable 10,000 Capital Stock 220,000 Retained Earnings 111,145 Service Revenue 898,105 Interest Income 1,500 Rent Expense 66,000 Wages Expense 537,260 Supplies Expense 42,520 Depreciation Expense 164,595 Dividends 6,840 ________ Totals $1,549,565 $1,549,565 Prepare the general journal entry (without explanation) needed to close Dividends for the year end. Use compound entries where required. If no entry is required then write "No Entry Required." General Journal Date Debit Accounts Credit Question 6 The following is the Alpha Dog Company adjusted Trail Balance. Alpha Dog Company Adjusted Trial Balance December 31, 2016 Account Title Debit Cash $88,450 Accounts Receivable 168,700 Supplies 30,255 Stock Investment 159,000 Equipment 295,285 Accumulated Depreciation Credit $235,760 Accounts Payable 38,555 Wages Payable 27,000 Capital Stock 205,000 Retained Earnings 146,145 Service Revenue 902,105 Interest Income 1,500 Rent Expense 63,500 Wages Expense 539,260 Supplies Expense 42,520 Depreciation Expense 164,095 Dividends 5,000 _________ Totals $1,556,065 $1,556,065 What are the dollar values that will appear in Alpha Dog Company's year end financial statements for the following line items: (For any negative dollar value the number must be enclosed in brackets and do not use a minus sign.) 1. Total Current Assets 2. Total Long Term Investments 3. Total Assets 4. Total Liabilities 5. Total Equity Question 7 The following is the Devil Dog Company adjusted Trail Balance. Devil Dog Company Adjusted Trial Balance December 31, 2016 Account Title Cash Debit $88,450 Credit Accounts Receivable 157,700 Supplies 35,255 Stock Investment 158,250 Equipment 295,285 Accumulated Depreciation $235,260 Accounts Payable 47,555 Wages Payable 30,000 Capital Stock 200,000 Retained Earnings 136,145 Service Revenue 897,105 Interest Income 1,500 Rent Expense 63,250 Wages Expense 537,260 Supplies Expense 42,520 Depreciation Expense 163,595 Dividends 6,000 ________ Totals $1,547,565 $1,547,565 What are Devil Dog Company's ratios for the following: (Round all non dollar value ratios to one decimal place. Do not enter the ":1" notation in the answer box. For dollar value ratios enter the dollar sign followed by the whole dollar amount. Any negative dollar value the number must be enclosed in brackets and do not use a minus sign.) 1. Current Ratio 2. Quick Ratio 3. Working Capital