Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

table [ [ , A , B , C , D ] , [ 1 , Balances 1 - 1 - 2 0 2

\table[[,A,B,C,D],[1,Balances 1-1-2020,Amount ($),,],[2,cash,26000,,],[3,account receivable,11000,,],[4,supplies,4000,,],[5,equipment (purchased 1-1-2019),22000,,],[6,accumelated depreciation,2000,,],[7,unearned service revenues,6000,,],[8,note payable (12% issued 31-12-2019 for 3 years),16000,,],[9,shared capital balance,34000,,],[10,retained earning,5000,,],[11,transactions during 2020,,,],[12,supplies purchased for cash,1200,,],[13,services performed (13 of it on account),46200,,],[14,salaries expense for cash,6400,,],[15,rent expenses for cash,3700,,],[16,utilities expense for cash,1500,,],[17,additional investment by owners for cash,9700,,],[18,dividends paid for cash,2700,,],[19,information relate to adjusting entries(31-12-2020),,,],[20,accrued salaries unpaid,1600,,],[21,supplies on hand 31-12-2020,2400,,],[22,23 of unearned service revenues become earned,,,],[23,do not forget adjusting entries for depreciation & interest,,,],[24,answer the following questions relate to 31-12-2020 :,,rers:,],[25,(s)your student id,,,],[26,what is the total debit on the trial balance,,,],[27,what is the total credit on adjusted trial balance,,,],[28,what is the total debit on after closing trial balance,,,],[29,what is the total expenses that will appear in 2020 income statement,,,],[30,what is the total revenues that will appear in 2020 income statement,,,],[31,what is the net income for 2020,,,],[32,what is the book value of equipment,,,],[33,what is the total assets,,,],[34,what is the total liabilities,,,],[35,what is the ending retained earnings,,,],[36,what is the supplies unused,,,],[37,what is the supplies used during 2020,,,],[38,what is the changes in equity during 2020,,,],[39,what is the balance of income summary on 3112?2020 before it is closed,,,],[40,what is the beginning retained earnings,,,]]
\table[[,A,B,C,D],[1,balances 1-1-2020,Amount ($),,],[2,cash,26000,,],[3,account receivable,11000,,],[4,supplies,4000,,],[5,equipment (purchased 1-1-2019),22000,,],[6,accumelated depreciation,2000,,],[7,unearned service revenues,6000,,],[8,hote payable (12% issued 31-12-2019 for 3 years),16000,,],[9,shared capital balance,34000,,],[10,retained earning,5000,,],[11,transactions during 2020,,,],[12,supplies purchased for cash,1200,,],[13,services performed (13 of it on account),46200,,],[14,salaries expense for cash,6400,,],[15,rent expenses for cash,3700,,],[16,utilities expense for cash,1500,,],[17,additional investment by owners for cash,9700,,],[18,dividends paid for cash,2700,,],[19,information relate to adjusting entries(31-12-2020),,,],[20,accrued salaries unpaid,1600,,],[21,supplies on hand 31-12-2020,2400,,],[22,23 of unearned service revenues become earned,,,],[23,do not forget adjusting entries for depreciation & interest,,,],[24,answer the following questions relate to 31-12-2020 :,answers:],[25,,,,],[26,what is the total debit on the trial balance,,,],[27,What is the total credit on adjusted trial balance,,,],[28,what is the total debit on after closing trial balance,,,],[29,what is the total expenses that will appear in 2020 income statement,,,],[30,What is the total revenues that will appear in 2020 income statement,,,],[31,what is the net income for 2020,,,],[32,What is the book value of equipment,,,],[33,what is the total assets,,,],[34,what is the total liabilities,,,],[35,what is the ending retained earnings,,,],[36,what is the supplies unused,,,],[37,what is the supplies used during 2020,,,],[38,what is the changes in equity during 2020,,,],[39,what is the balance of income summary on 3112?2020 before it is closed,,,],[40,what is the beginning retained earnings,,,],[41,,,,],[42,,,,],[43,,,,],[44,,,,],[45,,,,],[46,,,,],[47,,,,],[48,,,,],[49,,,,],[50,,,,]]
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Financial Accounting

Authors: Arne E. Jorgensen

1st Edition

8759340886, 9788759340882

More Books

Students also viewed these Accounting questions

Question

Solve for t, 0

Answered: 1 week ago

Question

Should civil service employees be allowed to unionize? Why?

Answered: 1 week ago