Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The chart of accounts for Alkman's Delivery Service is as follows: (Click the icon to view the chart of accounts.) Alkman's Delivery Service completed the

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The chart of accounts for Alkman's Delivery Service is as follows: (Click the icon to view the chart of accounts.) Alkman's Delivery Service completed the following transactions during the month of August (Click the icon to view the transactions) Read the requirements Requirements 1. and 2. The T accounts in the ledger have been set up for you. Record transactions in the T accounts. (Place the letter of the transaction next to the entry.) Foot each T account, and then calculate the accounts' ending balances at August 31. (Use the first line below each T account to foot each side of the T accounts which has a value. Use the second line below the T account to enter the account's ending balance. Sample T accounts have been provided to show the correct display of the footing and balance lines. If a box is not used in the table, leave the box empty, do not select a label or enter a zero.) Cash 111 Accounts Receivable 112 Office Equipment 121 Bal Bal Bal Bal Delivery Trucks 122 Accounts Payable 211 Avery Alkman, Capital 311 Bal Bal Avery Alkman, Withdr. 3 Bal Gas Expense 512 Bal Bal Bal Ball Ball Bal More info Assets Cash 111 Accounts Receivable 112 Office Equipment 121 Delivery Trucks 122 Liabilities Accounts Payable 211 Owner's Equity Avery Alkman, Capital 311 Avery Alkman, Withdrawals 312 Print Bal Chart of Accounts Revenue Delivery Fees Eamed 411 Expenses Advertising Expense 511 Gas Expense 512 Salaries Expense 513 Telephone Expense 514 Done X The chart of accounts for Aikman's Delivery Service is as follows: (Click the icon to view the chart of accounts.) Aikman's Delivery Service completed the following transactions during the month of August (Click the icon to view the transactions.) Read the requirements. Requirements 1. and 2. The T accounts in the ledger have been set up for you. Record transactions in the T accounts. (Place the letter of the transaction next to the entry.) Foot each T account, and then calculate the accounts' ending balances at August 31. (Use the first line below each T account to foot each side of the T accounts which has a value. Use the second line below the T account to enter the account's ending balance. Samole T accounts have been provided to show the correct display of the footing and balance lines. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Cash 111 Accounts Receivable 112 Office Equipment 121 Bal Bal Bal Bal Delivery Trucks 122 Accounts Payable 211 Avery Alkman, Capital 311 Bal Avery Aikman, Withd Avery Aikman invested $29,000 in the delivery service from her personal savings account. Bought delivery trucks on account, $13,000. Bal Bought office equipment for cash, $800. Paid advertising expense, $600, Gas Expense 513 Collected cash for delivery services rendered, $2,300. Paid drivers' salaries, $1,200. 9- Paid gas expense for trucks, $1,000. h. Performed delivery services for a customer on account, $700. L Telephone expense due but unpaid, $50. j. Received $600 as partial payment of Transaction H. Avery withdrew cash for personal use, $500. Print Done Bal Bal Bal Bal DU Bal More info b. C. d. Bal e. 1. COULD Bal The chart of accounts for Aikman's Delivery Service is as follows: (Click the icon to view the chart of accounts.) Aikman's Delivery Service completed the following transactions during the month of August: (Click the icon to view the transactions.) Read the requirements. Requirements 1. and 2. The T accounts in the ledger have been set up for you. Record transactions in the T accounts. (Place the letter of the transaction next to the entry.) Foot each T account, and then calculate the accounts' ending balances at August 31. (Use the first line below each T account to foot each side of the T accounts which has a value. Use the second line below the T account to enter the account's ending balance. Sample T accounts have been provided to show the correct display of the footing and balance lines. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Cash 111 Accounts Receivable 112 Office Equipment 121 29 Bal Bal Bal Bal Bal Delivery Trucks 122 Accounts Payable 211 Avery Aikman, Capital 311 Bal Bal Bal X Avery Alkman, Withd Requirements As Avery's newly hired accountant, you must perform the following: 1. The T accounts in the ledger have been set up for you. Record transactions in the T accounts. (Place the letter of the transaction next to the entry.) Bal 2. Foot the T accounts where appropriate and determine the ending balances. 3. Prepare a trial balance at the end of August. Gas Expense 513 4. Prepare from the trial balance, in proper form, (a) an income statement for the month of August. (b) a statement of owner's equity, and (c) a balance sheet as of August 31, 201X. Ba Print Done Bal Bal Bal Bal ACCOR The chart of accounts for Aikman's Delivery Service is as follows: (Click the icon to view the chart of accounts.) Aikman's Delivery Service completed the following transactions during the month of August: (Click the icon to view the transactions.) Read the requirements. CHIE Requirements 1. and 2. The T accounts in the ledger have been set up for you. Record transactions in the T accounts. (Place the letter of the transaction next to the entry.) Foot each T account, and then calculate the accounts' ending balances at August 31. (Use the first line below each T account to foot each side of the T accounts which has a value. Use the second line below the T account to enter the account's ending balance. Sample T accounts have been provided to show the correct display of the footing and balance lines. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Cash 111 Accounts Receivable 112 Office Equipment 121 Bal Bal Bal Bal Delivery Trucks 122 Accounts Payable 211 Avery Aikman, Capital 311 Bal Bal Bal Bal Bal Avery Aikma Gas Exp Sample T Accounts b G Bal e Bal Account Title 1 XXXX 7 a 10 19 12 d 11 30 11 Bal a f Bal CELDO Print Bal Bal Account Title 2 XXXX 10 5 15 15 Bal Done Bal Account Title 3 XXXX 9 20 20 Bal 20 X = Homework: Hmwrk-C2 HW Score: 0%, 0 of 40 points O Points: 0 of 30 Save The chart of accounts for Aikman's Delivery Service is as follows: (Click the icon to view the chart of accounts.) Aikman's Delivery Service completed the following transactions during the month of August: (Click the icon to view the transactions.) Read the requirements. Requirements 1. and 2. The T accounts in the ledger have been set up for you. Record transactions in the T accounts. (Place the letter of the transaction next to the entry.) Foot each T account, and then calculate the accounts' ending balances at August 31. (Use the first line below each T account to foot each side of the T accounts which has a value. Use the second line below the T account to enter the account's ending balance. Sample T accounts have been provided to show the correct display of the footing and balance lines. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Cash 111 Accounts Receivable 112 Office Equipment 121 Bal Bal b ? Bal d elivery Trucks 122 Accounts Payable 211 Avery Aikman, Capital 311 Bal Bal Bal Aikman, Withdr. 312 Delivery Fees Earned 411 Advertising Expense 511 Bal Bal Bal Gas Expense 512 Salaries Expense 513 Telephone Expense 514 Bal Bal Bal h Bal Bal Bal Bal Question 4, P2A-5 (similar to) Part 1 of 5 Bal CUS Bal Bal Bal Bal

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_2

Step: 3

blur-text-image_3

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

Survey Of Accounting

Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds

6th Edition

1260575292, 978-1260575293

More Books

Students also viewed these Accounting questions