PLEASE SHOW YOUR WORK THANK YOU The trial balance of LMNOP Company Inc. Contains

Question

PLEASE SHOW YOUR WORK THANK YOU

The trial balance of LMNOP Company Inc. Contains the following accounts at September 30, 2015. Debit Account Title Cash Accounts Receivable Invento Prepaid Rent Supplies Office Equipment Accumulated Amortization- Office Equipment Equipment Accumulated Amortization- Equipment Notes Payable Interest Payable Accounts Payable Unearned Revenue Salaries Payable LMNOP, Capital LMNOP, Withdrawal Sales Cost of Goods Sold Salaries Expense Advertising Expense Telephone Expense Repair Expense Deliver Rent Expense Interest Expense Credit 29,200 82,000 105,000 42,000 9,000 225,000 86,000 128,000 39,000 85,000 78,500 5,000 377,400 2,000 926,000 611,500 150,000 46,400 24,000 32,100 46,700 64,000 ense Total 1,596,900 1,596,900

Explanation / Answer

Dear Student,

Best effort has been made to give quality and correct answer. But if you find any issues please comment your concern. I will definitely resolve your query.

Also please give your positive rating.

No. Date Account Titles Debit Credit 1 30-Sep Supplies Expesnes $          6,500 Supplies $          6,500 (being Supplies consumed) 2 30-Sep Depreciation Expenses $        30,000 Accumulated depreciation- Office Equipment $        20,000 Accumulated depreciation- Other Equipment $        10,000 (being Depreciation recorded) 3 30-Sep Interest Expesnes $          1,500 Interest Payable $          1,500 (Being Interest Accrued) 4 30-Sep Salaries Expense $          7,500 Salaries Payable $          7,500 (Being Salary expesnes Accrrued) 5 30-Sep Rent $        28,000 Prepaid Rent $        28,000 (Being Rent Exp. Recorded for 4 months ) 6 No Entry Required

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.