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xCengage × y cengageNOWV2] Online te x" e chegg Study l Guided Solu/X?G xcengage xcengageNow. × XCengage XCengageNowvX Netflix ? Secure l https://v2.c /ilrn/takeAssignment/takeAssignmentMan.do?invoker-assignments&takeAssignmentSessionLocator;= assignment-take&inprogress;=false Ch 3-3.1 Continuing Problem Calculator Print tem Account Post. Ref Debit Credit 1. CONTPRO.03-01 PART.1 2. CONTPRO.03-01 PART.2 3. CONTPRO.03-01 PART3 Accounts Receivable V 1,400 Fees Earned 1,400 July 31: Supplies on hand at July 31, $275 Account Post. Ref Debit Credit Supplies Expense 745 Supplies 745 ?) July 31: The balance of the prepaid insurance account relates to the following July 1, 2019 transaction:"Paid a premium of $2,700 for a comprehensive insurance policy covering liability, theft, and fire. The policy covers a one-year period. Account Post. Ref Debit Credit Insurance Expense v 225 Prepaid Insurance 225 uly 31: Depreciation of the office equipment is $50 Account Post. Ref Debit Credit Depreciation Expense 58 50 Accumulated Depreciation-office Equipment 18 50 Check My Work 0 more Check My Work uses remaining. Next Progress: 1/3 items Assignment Score: 34.57% All work saved. Email Instructor Save and Exit Submit Assignment for GradingExplanation / Answer
Answers
Unadjusted
Adjustments
Adjusted [Answer]
Trial Balance
Trial Balance
[Based on adjusting entries that you provided]
Trial Balance
Trial Balance
Debit
Credit
Debit
Credit
Debit
Credit
Cash
$ 9,945.00
$ 9,945.00
Accounts Receivable
$ 2,750.00
$ 1,400.00
$ 4,150.00
Supplies
$ 1,020.00
$ 745.00
$ 275.00
Prepaid Insurance
$ 2,700.00
$ 225.00
$ 2,475.00
Land
$ -
Equipment
$ 7,500.00
$ 7,500.00
Accumulated Depreciation-Office Equipment
$ 50.00
$ 50.00
Accounts Payable
$ 8,350.00
$ 8,350.00
Wages payable
$ 140.00
$ 140.00
Unearned revenue
$ 7,200.00
$ 3,600.00
$ 3,600.00
Peyton Smith, Capital
$ 9,000.00
$ 9,000.00
Peyton Smith, Drawings
$ 1,750.00
$ 1,750.00
Fees earned
$ 16,200.00
$ 5,000.00
$ 21,200.00
Wages Expense
$ 2,800.00
$ 140.00
$ 2,940.00
Office Rent expenses
$ 2,550.00
$ 2,550.00
Equipment Rent Expense
$ 1,375.00
$ 1,375.00
Utilities Expense
$ 1,215.00
$ 1,215.00
Music Expense
$ 3,610.00
$ 3,610.00
Advertising expense
$ 1,500.00
$ 1,500.00
Supplies expense
$ 180.00
$ 745.00
$ 925.00
Miscellaneous Expense
$ 1,855.00
$ 1,855.00
Depreciation expense
$ 50.00
$ 50.00
Insurance expense
$ 225.00
$ 225.00
Totals
$ 40,750.00
$ 40,750.00
$ 6,160.00
$ 6,160.00
$ 42,340.00
$ 42,340.00
Unadjusted
Adjustments
Adjusted [Answer]
Trial Balance
Trial Balance
[Based on adjusting entries that you provided]
Trial Balance
Trial Balance
Debit
Credit
Debit
Credit
Debit
Credit
Cash
$ 9,945.00
$ 9,945.00
Accounts Receivable
$ 2,750.00
$ 1,400.00
$ 4,150.00
Supplies
$ 1,020.00
$ 745.00
$ 275.00
Prepaid Insurance
$ 2,700.00
$ 225.00
$ 2,475.00
Land
$ -
Equipment
$ 7,500.00
$ 7,500.00
Accumulated Depreciation-Office Equipment
$ 50.00
$ 50.00
Accounts Payable
$ 8,350.00
$ 8,350.00
Wages payable
$ 140.00
$ 140.00
Unearned revenue
$ 7,200.00
$ 3,600.00
$ 3,600.00
Peyton Smith, Capital
$ 9,000.00
$ 9,000.00
Peyton Smith, Drawings
$ 1,750.00
$ 1,750.00
Fees earned
$ 16,200.00
$ 5,000.00
$ 21,200.00
Wages Expense
$ 2,800.00
$ 140.00
$ 2,940.00
Office Rent expenses
$ 2,550.00
$ 2,550.00
Equipment Rent Expense
$ 1,375.00
$ 1,375.00
Utilities Expense
$ 1,215.00
$ 1,215.00
Music Expense
$ 3,610.00
$ 3,610.00
Advertising expense
$ 1,500.00
$ 1,500.00
Supplies expense
$ 180.00
$ 745.00
$ 925.00
Miscellaneous Expense
$ 1,855.00
$ 1,855.00
Depreciation expense
$ 50.00
$ 50.00
Insurance expense
$ 225.00
$ 225.00
Totals
$ 40,750.00
$ 40,750.00
$ 6,160.00
$ 6,160.00
$ 42,340.00
$ 42,340.00
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