If an account has a debit balance, enter that balance in the YTD Debit column and leave the relevant YTD Credit column blank. You are not required to use commas to separate thousands or to enter dollar ($) signs. Any commas or dollar signs entered into input boxes will be removed by the practice set website. Trial Balance December 2020 Account # Account YTD Debit ($) YTD Credit ($) 1-1110 Cheque Account 77,839 1-1180 Undeposited Funds 0 1-1190 Electronic Clearing Account 0 1-1200 Accounts Receivable 39,017
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If an account has a debit balance, enter that balance in the YTD Debit column and leave the relevant YTD Credit column blank. You are not required to use commas to separate thousands or to enter dollar ($) signs. Any commas or dollar signs entered into input boxes will be removed by the practice set website.
Trial Balance
December 2020
| Account # | Account | YTD Debit ($) | YTD Credit ($) | |
| 1-1110 | Cheque Account | 77,839 | ||
| 1-1180 | Undeposited Funds | 0 | ||
| 1-1190 | Electronic Clearing Account | 0 | ||
| 1-1200 | Accounts Receivable | 39,017 | ||
| Transcribe the two highlighted figures ... |
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- Using the ending balances shown in the Partial Adjusted Trial Balance listed below, what is the total dollar ($) balance for the accounts that have a normal credit balance? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 Partial Adjusted Trial Balance December 31, 20xx Accounts Normal Balance Cash 10,000 Accounts Receivable 5,000 Inventory 150,000 Sales Tax Payable 50,000 Accounts Payable 1,000 Deferred Revenue 10,000 Current Portion Long-term Debt 10,000 Long-term Debt Common Stock 50,000 25,000 Treasury Stock Retained Earnings 3,000 50,000 Dividends 5,000 20,000 Service Revenue Cost of Good Sold 5,000 Rent Expense 5.000 ASUS 13 f4 f5 f6 f7 E3 X f9 f10 f11 4. 5 6 9. C8 图 %24Current Attempt in Progress Cheyenne Corp.purchased a put option on Sunland common shares on July 7, 2021, for $110. The put option is for 190 shares, and the strike price is $28. The option expires on January 31, 2022. The following data are available with respect to the put option: Date Market Price of Sunland Shares Time Value of Put Option September 30, 2021 $30 per share $54 December 31, 2021 $29 per share 20 January 31, 2022 $31 per share Prepare the journal entries for Cheyenne Corp. for the following dates: (a) July 7, 2021-Investment in put option on Sunland shares. (b) September 30, 2021-Cheyenne Corp. prepares financial statements. (c) December 31, 2021-Cheyenne Corp. prepares financial statements. (d) January 31, 2022-Put option expires. Mu (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order…Use the following sales journal to record the transactions. All credit sales are terms of n/30. (If a box is not used in the journal leave the box empty; do not select information or enter a zero.) i (Click the icon to view the transactions.) Jun Date 2024 Invoice No. Account Debited More info Jun. 1 Jun. 8 Customer Jun. 13 Jun. 28 Sales Journal Post. Ref. Accounts Receivable DR Sales Revenue CR Sold merchandise inventory on account to Ford Junk, $1,250. Cost of goods, $960. Invoice no. 101. Page Cost of Goods Sold DR Merchandise Inventory CR Sold merchandise inventory on account to Iris Fray, $2,250. Cost of goods, $1,650. Invoice no. 102. Sold merchandise inventory on account to Jack Tremane, $400. Cost of goods, $240. Invoice no. 103. Sold merchandise inventory on account to Gail White, $810. Cost of goods, $650. Invoice no. 104. Print Done X
- On December 31, 2023, Bonita Link Corporation received a four-year, 6%, $572,000 bank loan. The terms provide for payment of the bank loan with semi-annual instalment payments of $81,485 principal and interest, starting on June 30. Bonita has a March 31 year end and records adjusting entries annually.Show Attempt History Current Attempt in Progress On May 1, 2020, Christina Fashions borrowed $106,000 at a bank by signing a four-year, 6% loan. The terms of the loan require equal principal payments of $26,500 and accrued interest at 6% due annually on April 30. The loan agreement requires the company to maintain a minimum current ratio of 2.0. The December 31, 2020, year-end statement of financial position, immediately prior to the reclassification of long-term debt, follows: Current assets $137,800 Current liabilities $53,000 Non-current assets 163,200 Loan payable 106,000 Common shares 72,000 Retained earnings 70,000 Total liabilities and Total assets $301,000 shareholders' equity $301,000 Your answer is partially correct. Does Christina Fashions comply with the bank's current ratio requirement prior to recording the accrued interest and reclassification of the current portion of the long-term loan? (Round answer to 1 decimal place, e.g. 1.2.) Current ratio 2.6 Christina Fashions…Carla Vista Motels Inc. owns a motel that it had purchased on January 1, 2023, for $5.10 million cash and is accounted for in a separate account,classified as "Buildings. The company is using the revaluation model to account for its buildings and revalues them annually. Aden uses straight-line depreciation over the asset's 15-year useful life with no residual value. The asset's fair value was equal to its carrying amount on Dec. 31, 2023, and was $5,050,000 on Dec. 31, 2024. Assuming Carla Vista uses the proportionate method to adjust for revaluation, prepare all required journal entries for 2023 and 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Round answers to 0 decimal places, eg. 5,275. Do not round Intermediate calculations.) Date January 1, 2023 December 31, 2023 December 31, 2024…
- enensive Pro Part 3: Note: You must complete parts 1 and 2 before completing part 3 of this comprehensive problem. Based on the banik reconciliation prepared in (2), joumalize the entry or entries to be made by Kornett Company. If an amount box does not require an entry, leave it blank. Description Debit CreditThe shorthand notation on an invoice 2/10, n/30 is called the _______________. Group of answer choices accounts payable debit memo credit terms purchase orderEnter a credit balance of $38,400 as of September 1, 20Y4 in the Accounts Payable general ledger account. Place a check mark (✓) in the Posting Reference column. Post the September 18, 20Y4, transaction to the account. For those boxes in which no entry is required, leave the box blank. Account Accounts Payable Account No. 21 DATE ITEM POST.REF. DEBIT CREDIT BALANCEDEBIT CREDIT Sept. 1, 20Y4 Balance Sept. 18, 20Y4
- EX Fri Apr 30 6:26 PM iew History Bookmarks Window Help A edugen.wileyplus.com Return to Blackboard PLUS Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help | System Announcements CALCULATOR PRINTER VERSION 4 ВАCK NEXT URCES Exercise 9-06 a-b (Part Level Submission) ents- Cheyenne Company has accounts receivable of $108,000 at March 31, 2020. Credit terms are 2/10, n/30. At March 31, 2020, there is a $1,400 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimate of bad debts is shown below. Part Part Estimated Percentage Uncollectible art Balance, Age of Accounts March 31 2020 2019 Current $64,800 $75,000 2% 1-30 days past due 25,200 8,000 7% 31-90 days past due 9,600 2,400 22% Over 90 days past due 8,400 1,100 50% $108,000 $86,500 00) Prepare the journal entry on February 5, 2025, for Cullumber when the wiring base is delivered to the customer. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Feb. 5, 2025 Feb. 5, 2025 Account Titles and Explanation (To record sales) (To record cost of goods sold) Debit CreditBridgeport Corporation was organized on January 1, 2022. It is authorized to issue 15,000 shares of 8%, $100 par value preferred stock, and 504,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 85,000 shares of common stock for cash at $4 per share. Issued 5,150 shares of preferred stock for cash at $110 per share. Issued 22,000 shares of common stock for land. The asking price of the land was $90,000. The fair value of the land was $84,000. Mar. 1 Apr. May Aug. Sept. Nov. 1 Issued 78,000 shares of common stock for cash at $5.25 per share. Issued 11,000 shares of common stock to attorneys in payment of their bill of $43,000 for services performed in helping the company organize. Issued 12,000 shares of common stock for cash at $7 per share. 1 Issued 1,000 shares of preferred stock for cash at $113 per share. 1 1 1