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Prepare an adjusted trial balance based on the following adjustment data and the unadjusted trial ...
Prepare an adjusted trial balance based on the following adjustment data and the unadjusted trial ...
Prepare an adjusted trial balance based on the following adjustment data and the unadjusted trial balance.

   Tudhope Plumbing
   Unadjusted Trial Balance
   December 31, 2014

   Debit   Credit
Cash   $12,000
Accounts receivable   20,500
Office supplies   9,500
Prepaid insurance   10,200
Equipment   80,500
Accum. amort.-equipment   $30,900
Accounting   harra   16   raovatallpy   4 hours ago
The following unadjusted account balances and adjustment data are for Nugent Consulting as of ...
The following unadjusted account balances and adjustment data are for Nugent Consulting as of ...
The following unadjusted account balances and adjustment data are for Nugent Consulting as of December 31, 2014:

Cash   $12,900
Prepaid insurance   2,000
Office supplies   1,300
Office equipment   10,500
Accumulated amort.-office equipment   3,500
Accounts payable   2,900
Salary payable   0
Unearned service revenue   4,500
Neela Nugent, Capital   11,
Accounting   gOOvER   12   Hanoi   4 hours ago
Given the following adjustment data, state whether the resulting adjustment will be a deferral or an ...
Given the following adjustment data, state whether the resulting adjustment will be a deferral or an ...
Given the following adjustment data, state whether the resulting adjustment will be a deferral or an accrual.

a) Recorded salaries earned by employees at end of month, payment to be made early next month.
b) Recorded service revenue received in advance from clients.
c) Estimated current month's utilities bill and recorded the amount. The bill is to be recei
Accounting   gOOvER   10   raovatallpy   4 hours ago
If Jacob's Event Planning Service had rendered one-third of the services covered by the contract in ...
If Jacob's Event Planning Service had rendered one-third of the services covered by the contract in ...
If Jacob's Event Planning Service had rendered one-third of the services covered by the contract in the month the contract was signed, then the final balance of service revenue, as shown on the adjusted trial balance, should be a:
A) credit balance of $2,100.
B) credit balance of $600.
C) debit balance of $600.
D) credit balance of $3,300.
Accounting   harra   3   migrod   4 hours ago
Late in this month, Jacob signed a contract with a new client, providing event planning services for ...
Late in this month, Jacob signed a contract with a new client, providing event planning services for ...
Late in this month, Jacob signed a contract with a new client, providing event planning services for an upcoming event. The work will be started and completed in the following month at which time the company will collect the full amount of $900 from this client. The company makes accrual adjustments monthly. The adjusted balance of service revenue, as shown on the adjusted trial bal
Accounting   gOOvER   3   Kryzen   4 hours ago
Pattie's Event Planning Service collects the fees from its customers in advance. At January 1, ...
Pattie's Event Planning Service collects the fees from its customers in advance. At January 1, ...
Pattie's Event Planning Service collects the fees from its customers in advance. At January 1, 2013, the balance of the unearned revenue account was a credit of $4,000. During January and February, the company collected $2,000 and $1,000 respectively. During the two-month period, the company rendered services of $5,500. At the end of February, the unadjusted trial balance will
Accounting   gOOvER   3   Kryzen   4 hours ago
Financial statements are prepared from:A) an adjusted trial balance.B) an unadjusted trial ...
Financial statements are prepared from:A) an adjusted trial balance.B) an unadjusted trial ...
Financial statements are prepared from:
A) an adjusted trial balance.
B) an unadjusted trial balance.
C) the general journal.
D) the previous year's financial statements.
Accounting   gOOvER   5   Hanoi   4 hours ago
Combining the amounts from the unadjusted trial balance with the adjustments gives rise to the:A) ...
Combining the amounts from the unadjusted trial balance with the adjustments gives rise to the:A) ...
Combining the amounts from the unadjusted trial balance with the adjustments gives rise to the:
A) unadjusted trial balance.
B) adjusted trial balance.
C) balance sheet.
D) income statement.
Accounting   harra   5   raovatallpy   5 hours ago
All accounts in the general ledger appear on a company's:A) income statement.B) balance sheet.C) ...
All accounts in the general ledger appear on a company's:A) income statement.B) balance sheet.C) ...
All accounts in the general ledger appear on a company's:
A) income statement.
B) balance sheet.
C) adjusted trial balance.
D) statement of owner's equity.
Accounting   gOOvER   3   migrod   5 hours ago
Capital on the adjusted trial balance represents capital at the end of the accounting period. T or ...
Capital on the adjusted trial balance represents capital at the end of the accounting period. T or ...
Capital on the adjusted trial balance represents capital at the end of the accounting period.
 T or F?
Accounting   harra   3   raovatallpy   5 hours ago
The adjusted trial balance includes all accounts contained in the ledger with updated, adjusted ...
The adjusted trial balance includes all accounts contained in the ledger with updated, adjusted ...
The adjusted trial balance includes all accounts contained in the ledger with updated, adjusted balances.
 T or F?
Accounting   gOOvER   3   Kryzen   5 hours ago
On December 1, 2013, Parsons Sales sold machinery to a Janet's Vegetables for $2,000. Janet could ...
On December 1, 2013, Parsons Sales sold machinery to a Janet's Vegetables for $2,000. Janet could ...
On December 1, 2013, Parsons Sales sold machinery to a Janet's Vegetables for $2,000. Janet could not pay at the time of sale, but agreed to pay 9 months later, and signed a 9-month note at 12% interest. Parsons accrues interest only at year-end. On September 1, 2014 Parsons collected the whole amount due

Parsons Sales uses the periodic method for recording inventor
Accounting   gOOvER   3   migrod   5 hours ago
The steps in the accounting cycle (excluding the preparation of the worksheet) are listed below in ...
The steps in the accounting cycle (excluding the preparation of the worksheet) are listed below in ...
The steps in the accounting cycle (excluding the preparation of the worksheet) are listed below in random order. List the steps in the proper sequence, inserting the number 1 to 11.

a)   Prepare a post closing trial balance   ________
b)   Prepare an adjusted trial balance   ________
c)   Analyse transactions as they occur   ________
d)   Prepare an unadjusted trial    ___
Accounting   harra   3   migrod   5 hours ago
Janet Smythe started her personal coaching business, Smythe Personal Coaching, on November 1, 2014. ...
Janet Smythe started her personal coaching business, Smythe Personal Coaching, on November 1, 2014. ...
Janet Smythe started her personal coaching business, Smythe Personal Coaching, on November 1, 2014. Janet records purchasing supplies as assets and cash received from clients on deposit as unearned revenue. The following transactions occurred during the first month of operations:

Nov. 1   Janet Smythe invested $25,000 personal cash in the business by depositing that amount
Accounting   gOOvER   3   Kryzen   5 hours ago
Sam Miyagi began Miyagi Landscaping in 2012. He performed his own bookkeeping using an accounting ...
Sam Miyagi began Miyagi Landscaping in 2012. He performed his own bookkeeping using an accounting ...
Sam Miyagi began Miyagi Landscaping in 2012. He performed his own bookkeeping using an accounting software package he purchased for that purpose. Sam selected January 31 as his year end to coincide with the slower time of year for the business. In February 2013, Sam provided his accountant, Mary Tang, with the source documents and a backup copy of the software. Mary determined the f
Accounting   harra   3   Kryzen   5 hours ago
Based on the partial trial balance and the partial adjusted trial balance shown below, prepare the ...
Based on the partial trial balance and the partial adjusted trial balance shown below, prepare the ...
Based on the partial trial balance and the partial adjusted trial balance shown below, prepare the six missing adjusting entries. The adjusting entries should be dated December 31.

   Account   Trial Balance   Adjusted Trial Balance
   Debit   Credit   Debit   Credit
Accounts Receivable   101,600      110,000   
Supplies   5,000      3,800   
Prepaid Insurance   10,600      5,800   
A
Accounting   gOOvER   5   Hanoi   5 hours ago
Refer to Table 3-3. Given the following information, prepare the necessary adjusting entries at year ...
Refer to Table 3-3. Given the following information, prepare the necessary adjusting entries at year ...
Refer to Table 3-3. Given the following information, prepare the necessary adjusting entries at year end, December 31, 2014.

a) A physical count reveals only $520 of roofing supplies are on hand at December 31, 2014.
b) The equipment is amortized at a rate of $120 per month.
c) Unearned service revenue amounted to $200 at December 31, 2014.
d) Accrued salar
Accounting   harra   3   raovatallpy   5 hours ago
Refer to Table 3-1. Given the following information, prepare the necessary adjusting entries at year ...
Refer to Table 3-1. Given the following information, prepare the necessary adjusting entries at year ...
Refer to Table 3-1. Given the following information, prepare the necessary adjusting entries at year end, December 31, 2014, for Danvon Collection Services.

a) A count revealed that $100 of office supplies were still on hand at December 31, 2014.
b) The accountant has determined that the prepaid insurance balance at December 31, 2014, should be in the amount of $450.
Accounting   gOOvER   3   raovatallpy   5 hours ago
State the effect on net income, total assets, and total liabilities if the following adjustments ...
State the effect on net income, total assets, and total liabilities if the following adjustments ...
State the effect on net income, total assets, and total liabilities if the following adjustments were not made.

a) Service revenue earned but not yet collected, $2,400.
b) Utilities expense incurred but not yet recorded, $1,200.
c) Unearned revenue earned during the period, $5,600.
d) Supplies used during the period, $1,700.
e) Amortization on building
Accounting   gOOvER   3   Hanoi   5 hours ago
Based on the partial trial balance and the partial adjusted trial balance shown below, prepare the ...
Based on the partial trial balance and the partial adjusted trial balance shown below, prepare the ...
Based on the partial trial balance and the partial adjusted trial balance shown below, prepare the six missing adjusting entries. The adjusting entries should be dated December 31.

   Account   Trial Balance   Adjusted Trial Balance
   Debit   Credit   Debit   Credit
Accounts Receivable   101,600      107,800   
Supplies   5,000      3,200   
Prepaid Insurance   10,600      7,800   
A
Accounting   harra   5   Kryzen   5 hours ago
Johnson Bookkeeping has a computer that was purchased July 1, 2013, for $1,800. Ms. Johnson thinks ...
Johnson Bookkeeping has a computer that was purchased July 1, 2013, for $1,800. Ms. Johnson thinks ...
Johnson Bookkeeping has a computer that was purchased July 1, 2013, for $1,800. Ms. Johnson thinks that the computer will be obsolete by June 30, 2015, and will have no value at that time. What is the required adjusting journal entry on December 31, 2013?
A)
Dr. Accumulated Amortization, Computer   450
    Cr. Amortization Expense, Computer       450
Accounting   gOOvER   3   Kryzen   5 hours ago
Employees of Ajax Renovations work Monday through Friday and are paid every Friday for work done ...
Employees of Ajax Renovations work Monday through Friday and are paid every Friday for work done ...
Employees of Ajax Renovations work Monday through Friday and are paid every Friday for work done that week. The daily payroll is $1,200 and the last payday was Friday December 28. What is the required adjusting journal entry, if any, on December 31?
A)
Dr. Wages Expense   1,200
    Cr. Wages Payable       1,200

B)
Dr. Wages Expense   2,
Accounting   gOOvER   3   migrod   5 hours ago
The January 1, 2013, balance in the Prepaid Insurance account was $3,150 and represented the ...
The January 1, 2013, balance in the Prepaid Insurance account was $3,150 and represented the ...
The January 1, 2013, balance in the Prepaid Insurance account was $3,150 and represented the unexpired portion of a two-year policy purchased October 1, 2012. What is the required year-end adjusting journal entry on December 31, 2013?
A)
Dr. Insurance Expense   1,575
    Cr. Prepaid Insurance       1,575

B)
Dr. Insurance Expense   1,800
Accounting   gOOvER   3   Hanoi   5 hours ago
If Real Losers records subscription money collected as revenue when received, then what will be the ...
If Real Losers records subscription money collected as revenue when received, then what will be the ...
If Real Losers records subscription money collected as revenue when received, then what will be the balance in the unearned revenue account on December 31?
A) $150,000
B) $0
C) $180,000
D) $120,000
Accounting   gOOvER   3   raovatallpy   5 hours ago
What will be the balance in the unearned revenue account on the Real Losers balance sheet on ...
What will be the balance in the unearned revenue account on the Real Losers balance sheet on ...
What will be the balance in the unearned revenue account on the Real Losers balance sheet on December 31?
A) $150,000
B) $0
C) $180,000
D) $120,000
Accounting   harra   3   Kryzen   5 hours ago
By the end of December, how much subscription revenue will Real Losers have earned?A) $180,000B) ...
By the end of December, how much subscription revenue will Real Losers have earned?A) $180,000B) ...
By the end of December, how much subscription revenue will Real Losers have earned?
A) $180,000
B) $240,000
C) $360,000
D) $210,000
Accounting   harra   3   Kryzen   5 hours ago
Net income is reported on the income statement at $25,000. Adjusting entries for accrued revenues of ...
Net income is reported on the income statement at $25,000. Adjusting entries for accrued revenues of ...
Net income is reported on the income statement at $25,000. Adjusting entries for accrued revenues of $4,000 and unearned revenue earned during the current period of $1,500 were accidentally omitted. The correct net income is:
A) $27,500.
B) $22,500.
C) $19,500.
D) $30,500.
Accounting   gOOvER   3   Hanoi   5 hours ago
Net income is reported on the income statement at $30,000. Adjusting entries for accrued revenues of ...
Net income is reported on the income statement at $30,000. Adjusting entries for accrued revenues of ...
Net income is reported on the income statement at $30,000. Adjusting entries for accrued revenues of $2,000 and unearned revenue earned during the current period of $5,500 were accidentally omitted. The correct net income is:
A) $22,500.
B) $37,500.
C) $33,500.
D) $26,500.
Accounting   harra   3   raovatallpy   5 hours ago
Net income is reported on the income statement at $40,000. Adjusting entries for accrued revenues of ...
Net income is reported on the income statement at $40,000. Adjusting entries for accrued revenues of ...
Net income is reported on the income statement at $40,000. Adjusting entries for accrued revenues of $5,000 and unearned revenue earned during the current period of $2,000 were accidentally omitted. The correct net income is:
A) $33,000.
B) $37,000.
C) $47,000.
D) $43,000.
Accounting   gOOvER   3   Hanoi   5 hours ago
On October 1 of the current year, Wood Services received $15,000 for services to be performed evenly ...
On October 1 of the current year, Wood Services received $15,000 for services to be performed evenly ...
On October 1 of the current year, Wood Services received $15,000 for services to be performed evenly over the next 12 months. Wood Services initially recorded the $15,000 as unearned service revenue. The adjusting entry on December 31 of the current year will include a:
A) debit to service revenue for $11,250.
B) debit to service revenue for $3,750.
C) debit to unearn
Accounting   harra   3   raovatallpy   5 hours ago
On April 1 of the current year, Wood Services received $15,000 for services to be performed evenly ...
On April 1 of the current year, Wood Services received $15,000 for services to be performed evenly ...
On April 1 of the current year, Wood Services received $15,000 for services to be performed evenly over the next 12 months. Wood Services initially recorded the $15,000 as unearned service revenue. The adjusting entry on December 31 of the current year will include a:
A) debit to service revenue for $11,250.
B) debit to service revenue for $3,750.
C) debit to unearned
Accounting   gOOvER   3   migrod   5 hours ago
Unearned revenue was not adjusted to show $3,000 of revenue earned during the current period. What ...
Unearned revenue was not adjusted to show $3,000 of revenue earned during the current period. What ...
Unearned revenue was not adjusted to show $3,000 of revenue earned during the current period. What is the effect of this error on the balance sheet?
A) liabilities are overstated
B) liabilities are understated
C) assets are overstated
D) assets are understated
Accounting   gOOvER   3   Hanoi   5 hours ago
A company accepted $6,000 on August 1 for services to be performed evenly over the next 12 months. ...
A company accepted $6,000 on August 1 for services to be performed evenly over the next 12 months. ...
A company accepted $6,000 on August 1 for services to be performed evenly over the next 12 months. The adjusting entry on December 31 would include a:
A) debit to unearned revenue $2,500.
B) debit to service revenue for $2,500.
C) debit to unearned revenue for $3,500.
D) credit to service revenue for $3,500.
Accounting   harra   3   Hanoi   5 hours ago
A liability that arises from an expense that the business has incurred but has not yet paid is ...
A liability that arises from an expense that the business has incurred but has not yet paid is ...
A liability that arises from an expense that the business has incurred but has not yet paid is called a(n):
A) deferred asset.
B) accrued asset.
C) accrued expense.
D) deferred expense.
Accounting   harra   3   raovatallpy   5 hours ago
The balance in unearned revenue after adjustment represents:A) an asset on the balance sheet.B) an ...
The balance in unearned revenue after adjustment represents:A) an asset on the balance sheet.B) an ...
The balance in unearned revenue after adjustment represents:
A) an asset on the balance sheet.
B) an expense on the income statement.
C) a liability on the balance sheet.
D) revenue on the income statement.
Accounting   gOOvER   3   migrod   5 hours ago
The balance in prepaid rent after adjustment represents:A) a liability on the balance sheet.B) an ...
The balance in prepaid rent after adjustment represents:A) a liability on the balance sheet.B) an ...
The balance in prepaid rent after adjustment represents:
A) a liability on the balance sheet.
B) an expense on the income statement.
C) revenue on the income statement.
D) an asset on the balance sheet.
Accounting   gOOvER   3   Hanoi   5 hours ago
The type of account and normal balance of accumulated amortization is:A) liability; credit.B) asset; ...
The type of account and normal balance of accumulated amortization is:A) liability; credit.B) asset; ...
The type of account and normal balance of accumulated amortization is:
A) liability; credit.
B) asset; debit.
C) contra asset; credit.
D) contra asset; debit.
Accounting   gOOvER   5   Hanoi   5 hours ago
An accrued expense adjustment has the following effect on the financial statements:A) increases ...
An accrued expense adjustment has the following effect on the financial statements:A) increases ...
An accrued expense adjustment has the following effect on the financial statements:
A) increases expenses and increases net income.
B) increases expenses and decreases assets.
C) increases expenses and increases liabilities.
D) decreases expenses and increases liabilities.
Accounting   harra   5   raovatallpy   5 hours ago
Assume the cash was received in the last accounting period. If the adjusting entry to record revenue ...
Assume the cash was received in the last accounting period. If the adjusting entry to record revenue ...
Assume the cash was received in the last accounting period. If the adjusting entry to record revenue earned during the current period is not recorded:
A) assets will be overstated.
B) assets will be understated.
C) liabilities will be understated.
D) liabilities will be overstated.
Accounting   gOOvER   4   migrod   5 hours ago
Net income is reported on the income statement at $75,000. Adjusting entries for accrued revenues of ...
Net income is reported on the income statement at $75,000. Adjusting entries for accrued revenues of ...
Net income is reported on the income statement at $75,000. Adjusting entries for accrued revenues of $6,000 and unearned revenue earned during the current period of $2,500 were accidentally omitted. The correct net income is:
A) $83,500.
B) $81,000.
C) $77,500.
D) $78,500.
Accounting   gOOvER   3   migrod   5 hours ago