1 answer

Bnment estion 5 of 5 - 12.5 Pronghorn Equipment Repair began operating in September 2017. It...

Question:

Bnment estion 5 of 5 - 12.5 Pronghorn Equipment Repair began operating in September 2017. It prepares financial statements at
Question 5 of 5 Nov. 8 10 12 15 17 Paid $1,220 for salaries due employees, of which $400 is for November and 5820 is for Octo
-72.5 III in September 2017. It prepares financial statements at the end of each month. On s the following information. Note
estion 5 of 5 - 12.5 E Assets Cash Accts Rec. Supplies Equip 11/1 Bal. 3,220 3,110 1.550 Nov. 8 10 12 15 17 20 22 25
ork Assignment estion 5 of 5 - 12.5 25 27 29 Unadj. Bal. Adj. (A1) (A2) (A3) (A4) Adj. Bal. WPXO 25
Bnment estion 5 of 5 - 12.5 Pronghorn Equipment Repair began operating in September 2017. It prepares financial statements at the end of each month. On November 1, 2017, a tabular summary includes the following information. Note that Pronghorn began the month with $3,430 in Retained Earnings. This balance represents the results of its first two months of business Assets Stockhold Acc. Cash + Accts. Rec. + Supplies + 3,110 + 1,550 Liabilities Unearn. Serv. Rev. + 400 + Depr. Equip 500 Accts. Pay. 2,730 Equip 10.430 + Sal/Wages- Pay. 820 + Com Stock 10,430 - 11/1 Bal. 3,220 + + + During November, the following summary transactions were completed, Nov. 8 10 12 15 17 Pald $1.220 for salaries due employees, of which $400 is for November and $820 is for October salaries payable. Received $1,870 cash from customers in payment of account Received $3,720 cash for services performed in November. Purchased store equipment on account $3,880 Purchased supplies on account $1,310.
Question 5 of 5 Nov. 8 10 12 15 17 Paid $1,220 for salaries due employees, of which $400 is for November and 5820 is for October salaries payat Received $1,870 cash from customers in payment of account. Received $3,720 cash for services performed in November Purchased store equipment on account $3,880. Purchased supplies on account $1,310. Paid creditors $2,520 of accounts payable due. Paid November rent $460. Paid salaries $1,010. Performed services on account worth $900 and billed customers. Received $840 from customers for services to be performed in the future. 20 22 25 27 29 Adjustment data: ANP Supplies on hand are valued at $1,170. Accrued salaries payable are $490. Depreciation for the month is $270. Services were performed to satisfy $530 of unearned service revenue.
-72.5 III in September 2017. It prepares financial statements at the end of each month. On s the following information. Note that Pronghorn began the month with $3,430 in e results of its first two months of business. + Stockholders' Equity Acc. Depr. Equip 500 Accts. Pay 2.730 Liabilities Unearn. Serv. Rev. + 400 Sal./Wages + Com. Pay. Stock 820 + 10,430 + Retained Earnings 3,430 + + + ransactions were completed. mployees, of which $400 is for November and $820 is for October salaries payable.
estion 5 of 5 - 12.5 E Assets Cash Accts Rec. Supplies Equip 11/1 Bal. 3,220 3,110 1.550 Nov. 8 10 12 15 17 20 22 25
ork Assignment estion 5 of 5 - 12.5 25 27 29 Unadj. Bal. Adj. (A1) (A2) (A3) (A4) Adj. Bal. WPXO 25

Answers

Amount $
Acct. Unearn. Ser. Sal/wages Comm. retained
Cash + Acct. rec + Supplies + Equip - Acc. Dep.Equip = pay + Rev. + Pay + stock + earnings
11/1 Bal.    3,220 +      3,110 +      1,550 + 10,430 -                      500 =    2,730 +                 400 +             820 + 10,430 +         3,430
Nov.8 -1,220 + + + - = + +           -820 + +           -400
10    1,870 +     -1,870 + + - = + + + +
12    3,720 + + + - = + + + +         3,720
15 + + +     3,880 - =    3,880 + + + +
17 + +      1,310 + - =    1,310 + + + +
20 -2,520 + + + - = -2,520 + + + +
22     -460 + + + - = + + + +           -460
25 -1,010 + + + - = + + + +       -1,010
27 +          900 + + - = + + + +            900
29       840 + + + - = +                 840 + + +
Un adj. Bal. 4,440 +      2,140 +      2,860 + 14,310 -                      500 = 5,400 +             1,240 +                -   + 10,430 +         6,180
(A1) + +    -1,690 + - = + + + +       -1,690
(A2) + + + - = + +             490 + +           -490
(A3) + + + -                      270 = + + + +           -270
(A4) + + + - =
Know the answer?
Add Answer to:
Bnment estion 5 of 5 - 12.5 Pronghorn Equipment Repair began operating in September 2017.

It...

Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coin

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • View Policies Current Attempt in Progress Blue Equipment Repair began operating in September 2017. It prepares...

    View Policies Current Attempt in Progress Blue Equipment Repair began operating in September 2017. It prepares financial statements at the end of each month.

    On November 1, 2017, a tabular summary includes the following information. Note that Blue began the month with $3,640 in Retained Earnings. This balance represents the results of its first two months of business. Assets Stockholdi Liabilities Unearn. Serv.

    Rev. Acc. Depr.- Equip. = Accts. Rec.

    Com. Accts. Pay. Cash + Stock Sal./Wages Pay. 820 +...

  • Martinez Equipment Repair began operating in September 2017. It prepares financial statements at the end of...

    Martinez Equipment Repair began operating in September 2017. It prepares financial statements at the end of each month. On November 1, 2017, a tabular summary includes the following information. Note that Martinez began the month with $3.730 in Reti two months of business.

    Assets Liabilities + Stockholders'Equity Accts. Acc. Depr: Accts. Unearn. Sal/Wages Com Cash + Rec Supplies - Equip.

    Equip. Pay. + Serv. Rev. + Pay.

    Stock Retained Earnings 11/1 Bal. 3,520 + 3,090 + 1.850 + 10,730 -...

  • Riverbed Equipment Repair began operating in September 2017. It prepares financial statements at the end of...

    Riverbed Equipment Repair began operating in September 2017. It prepares financial statements at the end of each month.

    On November 1, 2017, a tabular summary includes the following information. Note that Riverbed began the month with $3,540 in Retained Earnings. This balance represents the results of its first two months of business. Assets Liabilities + Stockholders' Equity Accts. Acc.

    Depr.- Accts. Unearn. Sal./Wages Com. Cash + Rec. + Supplies + Equip.

    - Equip. Pay. + Serv. Rev. + Pay.

    Stock...

  • please read instructions carefully lint Equipment Repair began operating in September 2022. It prepares financial statements...

    please read instructions carefully lint Equipment Repair began operating in September 2022. It prepares financial statements at the end of each month. On ovember 1, 2022, a tabular summary includes the following information.

    Note that Flint began the month with $3,540 in Retained Earnings. This balance represents the results of its first two months of business. Assets + Stockhol + Accts. Rec. + Supplies + 3,430 + 1,314 + Liabilities Unearn.

    Serv. Rev. + 472 + Cash 11/1 Bal. 3.296...

  • Flint Equipment Repair began operating in September 2022.

    It prepares financial statements at the end of...

    Flint Equipment Repair began operating in September 2022. It prepares financial statements at the end of each month. On November 1, 2022, a tabular summary includes the following information. Note that Flint began the month with $3,540 in Retained Earnings. This balance represents the results of its first two months of business.

    Assets Stockhol + Accts. Rec. 3.430 + Liabilities Unearn Serv. Rev. + 472 + Cash 11/1 Bal.

    3,296 + Acc. Depr. - Equip 590 Supplies + 1.314 +...

  • Port Equipment Repair began operating in September 2022. It prepares financial statements at the end of...

    Port Equipment Repair began operating in September 2022.

    It prepares financial statements at the end of each month on Nebe12022. a tabular summary includes the following information. Note that Bridgeport began the month with 52 53 Reed Emine This balance represents the results of its first two months of business, Assets Stockhol Liabilities Unearn. Serv Acets. Rec 2 502 Cash 11/1 Bal 2.400 Rev.

    Acc Depr Equip 430 + Supplies 962 Equip 8.600 Accts. Pay 1.978 Sal./Wages Pay. 532 Stock...

  • Martinez Equipment Repair began operating in September 2017. It prepares financial statements at the end of...

    Martinez Equipment Repair began operating in September 2017.

    It prepares financial statements at the end of each month On November 1, 2017, a tabular summary includes the following information Note that Martinez began the month with $3.730 in Retained Earnings. This balance represents the results of its first two months of business Assets Accts. Cash Rec Supplies - Equip 11/1 Bal 3.520 - 3,090 + 1.850 10,730 Liabilities + Stockholders' Equity Ace Depr: Accts. UnearnSal/Wages Com Equip Pay. Serv.

    Rev....

  • Culver Equipment Repair began operating in September 2022. It prepares financial statements at the end of...

    Culver Equipment Repair began operating in September 2022. It prepares financial statements at the end of each month. On November 1, 2022, a tabular summary includes the following information.

    Note that Culver began the month with $3,480 in Retained Earnings. This balance represents the results of its first two months of business. Assets + Stockhol Liabilities Unearn. Serv. Rev.

    Acc. Depr.- Equip. 580 Accts. Rec. Accts.

    Pay. 2,668 Com. Stock + + Cash + 11/1 Bal. 3,240 + + Supplies...

  • On November 1, 2022, the following were the account balances of Sunland Equipment Repair.

    Debit Credit...

    On November 1, 2022, the following were the account balances of Sunland Equipment Repair. Debit Credit Cash $3,220 Accumulated Depreciation Equipment $ 500 Accounts Receivable 3,150 Accounts Payable 2,730 Supplies 1,550 Unearned Service Revenue 400 Equipment 10,430 Salaries and Wages Payable 860 Common Stock 10,430 Retained Earnings 3,430 $18,350 $18,350 During November, the following summary transactions were completed. Nov. Paid $1,220 for salaries due employees, of which $360 is for November and $860 is for October salaries 8 payable. 10...

  • During November, the following summary transactions were completed. Nov. 8 10 12 15 17 Paid $1,408...

    During November, the following summary transactions were completed. Nov. 8 10 12 15 17 Paid $1,408 for salaries due employees, of which $696 is for November and $712 is for October salaries payable.

    Received $2,088 cash from customers in payment of account. Received $4,292 cash for services performed in November. Purchased store equipment on account $4,176. Purchased supplies on account $1,508. Paid creditors $2,900 of accounts payable due.

    Paid November rent $564. Paid salaries $1,160. Performed services on account worth...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT

.

Similar Solved Questions

1 answer
Math 227. Winter 2019, H03-10390 stacy perales &1/25/19 12:26 PM Time Remaining: 01:58:37 Submit Qui This...
Math 227. Winter 2019, H03-10390 stacy perales &1/25/19 12:26 PM Time Remaining: 01:58:37 Submit Qui This Quiz: 9 pts possib Quiz: Ch 7 Quiz This Question: 1 pt Use attest to test the claim about the population mean μ at the given level of O A. Ho H28100 Ha: μ<8100 O C. Ho us 8100 Ha, &...
1 answer
ACCOUNTING FOR MARKETABLE SECURITIES: As of December 31, 2018, Company A has the following investments in...
ACCOUNTING FOR MARKETABLE SECURITIES: As of December 31, 2018, Company A has the following investments in marketable securities: Acquisition Cost December 31, 2018 Market Value Trading Portfolio - Company B Common Stock $110,000 $108,000 Available for Sale Portfolio - Company C Common Stock $355,000...
1 answer
What are PAYG obligations? What is the main component of PAYG?How is PAYG paid? When will...
What are PAYG obligations? What is the main component of PAYG?How is PAYG paid? When will a business owner be required to pay PAYG on income?How is PAYG on income reconciled? What is the benefit for large clients making monthly PAYG instalments on wages paid?...
1 answer
3. (28 points) Let f(x, y) = 2x3 - 6xy + 3yề be a function defined...
3. (28 points) Let f(x, y) = 2x3 - 6xy + 3yề be a function defined on xy-plane. (a) (6 pnts ) Find first and second partial derivatives of f. (b) (10 pnts ) Determine the local extreme points of f (max., min., saddle points) if there is any. (c) (12 pnts ) Find the maximum and minimum values o...
1 answer
Job 910 was recently completed. The following data have been recorded on its job cost sheet:...
Job 910 was recently completed. The following data have been recorded on its job cost sheet: Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year ...
1 answer
1) Calculate the density of air at 130 degrees F and 1.05 atmospheres of pressure? 2)...
1) Calculate the density of air at 130 degrees F and 1.05 atmospheres of pressure? 2) For STP conditions, the relationship between air velocity (V) and velocity pressure (VP) is V = 4005 sqrt (VP). What would the relationship between V and VP be using the density from the above question? (Hint: You ...
1 answer
Case Study: Acid-Base Imbalance from Aspirin Overdose Millie is an 83-year-old female that lives with her...
Case Study: Acid-Base Imbalance from Aspirin Overdose Millie is an 83-year-old female that lives with her cat, Sam, in a senior apartment. She suffers from rheumatoid and osteoarthritis, cataracts, and adrenal insufficiency, (Addison’s disease). She no longer drives but takes the bus to the ma...
1 answer
8. Short-run and long-run effects of a shift in demand Suppose that the tuna industry is...
8. Short-run and long-run effects of a shift in demand Suppose that the tuna industry is in long-run equilibrium at a price of $5 per can of tuna and a quantity of 200 million cans per year. Suppose the Surgeon General issues a report saying that eating tuna is bad for your health, The Surgeon Gener...
1 answer
Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section...
Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Ending Balance Beginning Balance Cash $ 72,600 $ 86,850 Accounts receivable 59,300 63,800 Inventor...
1 answer
This question is based upon the earthquake example from lectures this week: Suppose that X is...
This question is based upon the earthquake example from lectures this week: Suppose that X is the number of earthquakes in a 1-year period, and that X has the Poisson pmf with A- 3.1 quakes per year. IfY is the number of earthquakes in a 4-year period, what is the mean of Y, E(M)? O3.1 earthquakes D...
1 answer
Can anyone help me with these
Can anyone help me with these??? Please! 1) A person is wearing a bracelet with 12 settings around the bracelet. How many different ways can 12 birthstones be arranged around the bracelet? Leave the answer in factorial form. _______ 2) How many subsets of three elements each exist in a set of s...
1 answer
Problem 2: (8 points) The area of the stadium shown below is calculated from measurements of...
Problem 2: (8 points) The area of the stadium shown below is calculated from measurements of the sides a, and b: Error [m] Length [m] Side ±0.005 120.000 ±0.010 52.500 b Find the area of the stadium and the error of the calculated area. ( 2 Aea bit 2 52.5a 2164.8m 120.ux 52.500 t T 2 E...
1 answer
6. Determine the x and y reactions at supports A and B in this beam. ya...
6. Determine the x and y reactions at supports A and B in this beam. ya 50* W A B 30'...
1 answer
Find |S|? Answer the whole question completely. I think |S| is the sample space for the...
Find |S|? Answer the whole question completely. I think |S| is the sample space for the 52 deck card but I’m not sure. Ask if you have any questions . Thanks 3. (4 points) An experiment consists of drawing a single card from a standard 52 card deck. A card is a winner (W) if it is a diamond...
1 answer
Spring disk No till Spring Chisele Great Lakes Bt 32 30 33 35 34 34 30...
Spring disk No till Spring Chisele Great Lakes Bt 32 30 33 35 34 34 30 26 29 32 25 29 30 32 26 28 31 29 28 32 27 30 29 27 2. Waiting for a Table. The following data represent the number of customers waiting for a table at 6:00pm on Saturday for 40 consecutive Saturdays at Bubba's restaurant. Sel...
1 answer
Problem 5. A lopsided six-sided die is rolled repeatedly, with each roll being independent. The probabil-...
Problem 5. A lopsided six-sided die is rolled repeatedly, with each roll being independent. The probabil- ity of rolling the value i is Pi, i = 1, … ,6. Let Xn denote the number of distinct values that appear in n rolls. (a) Find E|X, and E21 (b) What is the probability that in the n rolls of...
1 answer
What are some common mistakes students make with equivalent hydrogens?
What are some common mistakes students make with equivalent hydrogens?...
1 answer
Problem 12.22 2 of 3 Review Part A Consider the cantilevered W14 30 beam shown in...
Problem 12.22 2 of 3 Review Part A Consider the cantilevered W14 30 beam shown in (Figure 1) . E. 29(103) ksi. 1#291 in' Determine the expression for the elastic curve using the coordinate for 0 sxs9 ft, where is in feet. Express your answer in terms of . Express your answer using three signific...
1 answer
Culver Company is constructing a building. Construction began on February 1 and was completed on December...
Culver Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,860,000 on March 1, $1,260,000 on June 1, and $3,016,770 on December 31. Culver Company borrowed $1,198,000 on March 1 on a 5-year, 12% note to help finance constructio...