Use the following Unadjusted Trial Balance for Monroe Entertainment Company for questions 44 - 49: (This is the same Unadjusted Trial Balance in the module under the test review. ) Debit Credit Cash 3,200 Accounts Receivable 1,800 Prepaid Insurance 2,000 Land 3,000 Accounts Payable 1,500 J.B. Monroe, Capital 8,800 J.B. Monroe, Drawing 1,200 Fees Earned 3,600 Wages Expense 1,400 Insurance Expense 1,300 Totals ? $13,900 The amount of net income or net loss for the accounting period is ____________________. Group of answer choices $1,500 net loss $900 net loss $900 net income $3,600 net income

Use the following Unadjusted Trial Balance for Monroe Entertainment Company for questions 44 - 49: (This is the same Unadjusted Trial Balance in the module under the test review. ) Debit Credit Cash 3,200 Accounts Receivable 1,800 Prepaid Insurance 2,000 Land 3,000 Accounts Payable 1,500 J.B. Monroe, Capital 8,800 J.B. Monroe, Drawing 1,200 Fees Earned 3,600 Wages Expense 1,400 Insurance Expense 1,300 Totals ? $13,900 The amount of net income or net loss for the accounting period is ____________________. Group of answer choices $1,500 net loss $900 net loss $900 net income $3,600 net income

Name: Use the following Unadjusted Trial Balance for Monroe Entertainment Co
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Description: Use the following Unadjusted Trial Balance for Monroe Entertainment Company for questions 44 - 49: (This is the same Unadjusted Trial Balance in the module under the test review. )DebitCreditCash 3,200 Accounts Receivable1,800Prepaid Insurance2,00

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter10: Payroll Register (pr)

Section: Chapter Questions

Problem 5R

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The Following is tue Trial balance g j Jamieson Jamieson a 31 october 2020, You are to draw Up an income state Debit 16,950 Credit. purchases Sales Stouk in hand 31october 2019 23, 240 4,135 pastages and Motor expenses Salaries Sundry expenses Rent telephone 228 399 4,364 83 '390 Rates 155 4,698 Debtors Oreditors Premises Motor Vehicles Fixture and Fittings Bank Overdraft Drawings Capital 3,174 סטס ןסב 2,350 1120 1,458 50 3,8 20,850 48,722 48722 St Notes as at 31 October 2020 (1)Stock on hand was 2,859 (2) Expense Owing (2) : Sundry expenses 22, motur Expenses 58 Telephone 11 Expenses prepaid: Rates 23, re the depreciation (4) 1gn ot Fixed Asset. NB e Intome Statement - please Ure, good ing go hendwritts prepare for easy Follow,
What should i do? Record the Contracted services of $82,500 as performed. Note: Enter debits before credits. Transaction General Journal Debit Credit 6b
Use the following Unadjusted Trial Balance for Monroe Entertainment Company for questions 44 - 49: (This is the same Unadjusted Trial Balance in the module under the test review. ) Debit Credit Cash 3,200 Accounts Receivable 1,800 Prepaid Insurance 2,000 Land 3,000 Accounts Payable 1,500 J.B. Monroe, Capital 8,800 J.B. Monroe, Drawing 1,200 Fees Earned 3,600 Wages Expense 1,400 Insurance Expense 1,300 Totals ? $13,900 The total of the debits in the unadjusted trial balance should be __________________. Group of answer choices $10,000 $13,900 $$3,200 $13,000
Use the following Unadjusted Trial Balance for Monroe Entertainment Company for questions 44 - 49: (This is the same Unadjusted Trial Balance in the module under the test review. ) Debit Credit Cash 3,200 Accounts Receivable 1,800 Prepaid Insurance 2,000 Land 3,000 Accounts Payable 1,500 J.B. Monroe, Capital 8,800 J.B. Monroe, Drawing 1,200 Fees Earned 3,600 Wages Expense 1,400 Insurance Expense 1,300 Totals ? $13,900 The total of all the expenses is _____________________. Group of answer choices $1,400 $1,500 $2,700 $1,300
Use the following Unadjusted Trial Balance for Monroe Entertainment Company for questions 44 - 49: (This is the same Unadjusted Trial Balance in the module under the test review. ) Debit Credit Cash 3,200 Accounts Receivable 1,800 Prepaid Insurance 2,000 Land 3,000 Accounts Payable 1,500 J.B. Monroe, Capital 8,800 J.B. Monroe, Drawing 1,200 Fees Earned 3,600 Wages Expense 1,400 Insurance Expense 1,300 Totals ? $13,900 The total amount of revenue is _______________________. Group of answer choices $3,600 $3,200 $900 $2,700
Use the following Unadjusted Trial Balance for Monroe Entertainment Company for questions 44 - 49: (This is the same Unadjusted Trial Balance in the module under the test review. ) Debit Credit Cash 3,200 Accounts Receivable 1,800 Prepaid Insurance 2,000 Land 3,000 Accounts Payable 1,500 J.B. Monroe, Capital 8,800 J.B. Monroe, Drawing 1,200 Fees Earned 3,600 Wages Expense 1,400 Insurance Expense 1,300 Totals ? $13,900 The total of the assets is ___________________. Group of answer choices $5,000 $10,000 $3,200 $7,000
The following trial balance for Kids Play does not balance and the owner is concerned and has passed it to you for review and adjustments where applicable:Trial BalanceJune 30th, 2013AccountDebitCreditCash6,600Accounts receivable8,000Supplies600Motor vehicle89,000Accounts payable55,000Marlon Morgan: Capital50,700Marlon Brown: Withdrawal2,300Service revenue4,500Salary4,100Rent800.111,400110,2003You have now been presented with the following list of errors and have been asked to prepare the adjusted trial balance: (journal entries are not required)a. Cash was understated by $2,000b. A $1,000 debit to accounts receivable was posted as a credit.c. A $1,400 purchase of supplies on account was omitted from the company’s books.d. Motor Vehicle cost should have been $84,300 instead of $89,000e. Salary expense was overstated by $500The following trial balance for Kids Play does not balance and the owner is concerned and has passed it to you for review and adjustments where applicable:Trial…
Use the following Unadjusted Trial Balance for Monroe Entertainment Company for questions 44 - 49: (This is the same Unadjusted Trial Balance in the module under the test review. ) Debit Credit Cash 3,200 Accounts Receivable 1,800 Prepaid Insurance 2,000 Land 3,000 Accounts Payable 1,500 J.B. Monroe, Capital 8,800 J.B. Monroe, Drawing 1,200 Fees Earned 3,600 Wages Expense 1,400 Insurance Expense 1,300 Totals ? $13,900 The total of the liabilities is ______________. Group of answer choices 8,800 1,500 1,200 2,700
Th fallowing is is tue Trial balance Janmieson as on. 31 octoher 2020. You ore to draw Up on wtea te balance sheet. Debit 16,950 Credit. purcho Sales wchases 23,240 Stouk in hand 31october 2019 4,135 pustages and Motor expenses Salaries Sundry Expenses Rent telophone 228 399 4,364 83. '390 Rates 155 Debtors Oreditors Premises Mtor Vehicles fixture and Fittings Bank Overdraf t Drawings Capital 4,698 3,174 10,000 2,350 1120 1,458 3,850 20,850 48,722 48,722 St Notes as at 31 October 2020 (4) Stock on hand was 2,859 (2) Expense Owing (3) : Sundry expenses 22, motur Expenses 58 3 Expenses prepird : Rates 23, Telephone 11 (4) 1gnore tue dep . nore the reciation of Fixed Asset Balance shee t hendwritting please use goud lease Use prepare e for easy Follow, NB-
II. The following information is obtained from a review of the record keeping process. Analyze the given information and prepare a modified trial balance. Show your solutions. (** Ricanor Accounting Services Trial Balance Dec. 31, 2021 Debit Credit Cash P189,000 284,600 66,400 40.000 Accounts Receivable Supplies Prepaid Insurance Office Equipment Notes Payable Accounts Payable Ricanor. Capital Ricanor. Withdrawals Service Income Salaries Expense Advertising Expense 526,800 P130,000 195,400 297,200 100,000 821,400 348,700 12.200 P1.467.700 Totals P1.544.000 a. An account receivable for P 24,300 was incorrectly added as P 23,400 when computing the balance of the Accounts Receivable account. b. A debit posting from the journal for P5,200 is missing from the Salaries Expense account. C.A debit posting of P15.000 to Notes Payable should have been made to Accounts Payable. d. A debit posting of P25,000 to Supplies was incorrectly posted as P2,500. C
The following are account balances of Grameen Corporation: Account Title Amount in Unadjusted Trial Balance Balance after Adjustment Interest Receivable $ -0- $100 Prepaid Insurance 1,500 700 Interest Payable -0- 80 Salaries Payable -0- 450 Unearned Rent 500 200 Required: 1. Enter the unadjusted balance for each account in the following 2. Ledger accounts: Interest Receivable, Prepaid Insurance, Interest Payable, Salaries Payable, Unearned Rent, Interest Earned, Rent Earned, Insurance Expense, Interest Expense, and Salaries Expense. 3. Do the adjusting entry that must have been recorded for each account from the following report. 4. Post these adjusting entries and agree ending balances in each ledger to the adjusted balances above. 5. Identify revenue and expense amounts for the period.
9- FABM7 - Trial mle Ba What's New Directions: ldentily the noarmal account balance of tht following accounta, Write your answerB on a separate sheet of paper. 1. Snlaries Expense 2. Canh 3. Supplica 4. Furmitur. S. Accoutits Payable 6. Makisig. Drawings 7. Buliding a. Makisig, Capitul 9. Professional Fees 10, Service Revenue 11. Accounta Recelvable 12. Notrs Peyable 13. Land 14. LanEundry Revenues 15. Uriearned Servica Revenuen II

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	Debit	Credit
Cash	3,200
Accounts Receivable	1,800
Prepaid Insurance	2,000
Land	3,000
Accounts Payable		1,500
J.B. Monroe, Capital		8,800
J.B. Monroe, Drawing	1,200
Fees Earned		3,600
Wages Expense	1,400
Insurance Expense	1,300
Totals	?	$13,900