Journal entries,Ledger accounts,Trial balance income statements,balance sheet

May 23rd, 2016
Studypool Tutor
Price: $15 USD

Tutor description

this document about Journal Entries,Ledger Account,Trial Balance,Income statements,Balance sheet..... exercise questions...

Word Count: 313
Showing Page: 1/6
Brief Exercise 4-5The ledger of Rios Company contains the following balances: Owners Capital $29,163;Owners Drawings $1,725; Service Revenue $51,296; Salaries and Wages Expense$25,117; and Supplies Expense $6,761.The closing entries are as follows:(1)Close revenue accounts.(2)Close expense accounts.(3)Close net income/(loss).(4)Close drawings.Post the closing entries in the order presented in the problem and use the numbers as areference.Salaries and Wages ExpenseSupplies ExpenseService RevenueOwners DrawingsIncome SummaryOwners CapitalExercise 4-9 (Part level Submission)The adjusted trial balance for Plevin Company.PLEVIN COMPANYAdjusted Trial BalanceJuly 31, 2014No.Account TitlesDebitCredit101Cash$8,833112Accounts Receivable157Equipment158Accumulated Depreciation-Equip.201Accounts Payable4,481208Unearned Rent Revenue1,768301Owners Capital306Owners Drawings400Service Revenue429Rent Revenue711Depreciation Expense726Salaries and Wages Expense55,821732Utilities Expense15,1199,36315,563$7,67444,12116,10863,8696,0217,127$127,934(a1)Prepare an income statement for the year.PLEVIN COMPANYIncome StatementFor the Year Ended July 31, 2014$127,934$$$$Exercise 4-11 (Part level Submission)Selected accounts for Heathers Salon are presented below. All June 30 postings arefrom closing entries.Salaries and Wages Expense6/103,

Review from student

Studypool Student
" Super fast turn around time. Very impressed and will use Studypool again if I need a quick job. Communication was a bit tough but not unbearable. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1828 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors