Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The account balances appearing on the trial balance were taken from the general ledger of Flip's Copy Shop at June 30, 2012.
Additional information for the month of June which has not yet been recorded in the accounts is as follows:
a. A physical count of supplies indicates $300 on hand at June 30.
b. The amount of insurance that expired in the month of June was $200.
c. Depreciation on equipment for June was $400.
d. Rent owed on the copy shop for the month of June was $600 but will not be paid until July.
Flip's Copy Shop
Trial Balance
For the Month Ended June 30, 2012
Account Titles
Debit
Credit
Cash
$1,000
Supplies
1,100
Prepaid Insurance
2,200
Equipment
24,000
Accum. Depreciation- Equipment
$4,500
Accounts Payable
2,400
Notes Payable
4,000
Flip's Capital
15,300
Flip's Drawings
Service Revenue
4,900
Utilities Expense
400
Totals
$31,100
Instructions: Prepare in journal form, without explanations, the end of month adjusting entries & closing entries for Flip's Copy Shop for the month of June.
The truck has an estimated useful life of four years and no residual value. Considering only these facts, depreciation expense (on the truck) for 2009, would be ??
picture pretty manufactures picture frames. sales for august are expected to be 10000 units of various sizes.
Which if any of the following can be eligible shareholders of an s corporation?
During the current year, ALF Partnership reported the following items of receipts and expenditures: $200,000 sales, $10,000 utilities, $12,000 rent, $50,000 salaries to employees, $30,000 guaranteed payment to partner Lloyd, investment interest in..
the articles of partnership for a-b partnership provide for a salary allowance of 5000 per month for partner b with the
The service unit or output for this department is the number of procedures performed. A static budget was prepared at the beginning of the year. You are now tasked with examining that budget in relation to actual experience.
the litton company has established standards as follows direct material3 pounds per unit 4 per pound 12 per unit
how do i do the market-related asset value to compute theexpected return and for the corridor amoritization. i wasable
abbott company had the following accounts and balances at december 31 2012. all accounts have normal balances.accounts
Calculate the above ratios (a)-(g) for Tech Logistics plc for the 2010 and 2011 periods. Show how you have arrived at your answers, so your tutor can provide specific feedback if errors have been made.
What is the purpose of the chart of accounts? Why are internal controls and audit trails important in a computerized accounting system?
google party planners had a 40000 balance in accounts receivable and a 3000 credit balance in allowance for
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd