champagnecaribou233

champagnecaribou233

Lv4

4 Followers
0 Following
4 Helped

ANSWERS

Published51

Subjects

History1English9Science6Geography1Algebra1Computer Science1Accounting7Biology3Physics9Economics5Chemistry8
Answer: a. False b. True c. True d. True
Answer: B is the answer
Answer: The given reaction is the oxidation of sulfur (S) with oxygen (O2) to ...
Answer: The name of the chemical formula NH4NO2 is ammonium nitrite. The name ...
Answer: The formula for copper hydrocarbonate is likely CuHCO3. The formula fo...
Answer: Smallest to largest: cell,organelle,tissue,organ
Answer: (a) Acid-catalyzed dehydration of 3,3-dimethyl-2-butanol is not an eff...
Answer: The exact mechanism by which 16e- metal hydrides catalytically convert...
Answer:Metal hydrides, such as those belonging to the 16e group, can act as ca...
Answer: rent in advance, $3,000. 2. Purchased additional office equipment for ...
Answer: To create a simple blood pressure machine, you will need the following...
Answer:Jogging, also known as jogging, is a type of low-impact exercise that i...
Answer: rent in advance for office space, $4,200. 2. Purchased additional offi...
Answer:c. Otto Von Bismarck - unified the German states under Prussian rule b....
Answer:I'm sorry, but you have not provided any specific transactions for Stef...
Answer: B
Answer: Journal entries for the transactions in June: June 1: Debit: Cash (11)...

For the past several years, Emily Page has operated a part-time consulting business from her home. As 
of June 1, 2010, Emily decided to move to rented quarters and tooperate the business, which was to be 
known as Bottom Line Consulting, on a full-timebasis. Bottom Line Consulting entered into the following 
transactions during June:
June 1. The following assets were received from Emily Page: cash, $20,000; accounts receivable, 
$4,500; supplies, $2,000; and office equipment, $11,500. There were no liabilities received.
1. Paid three months’ rent on a lease rental contract, $6,000.
2. Paid the premiums on property and casualty insurance policies, $2,400.
4. Received cash from clients as an advance payment for services to be provided and recorded it as 
unearned fees, $2,700.
5. Purchased additional office equipment on account from Office Depot Co., $3,500.
6. Received cash from clients on account, $3,000.
10. Paid cash for a newspaper advertisement, $200.
12. Paid Office Depot Co. for part of the debt incurred on June 5, $750.
12. Recorded services provided on account for the period June 1–12, $5,100.
14. Paid part-time receptionist for two weeks’ salary, $1,100.
17. Recorded cash from cash clients for fees earned during the period June 1–16, $6,500.
18. Paid cash for supplies, $750.
20. Recorded services provided on account for the period June 13–20, $3,100.
24. Recorded cash from cash clients for fees earned for the period June 17–24, $5,150.
26. Received cash from clients on account, $6,900.
27. Paid part-time receptionist for two weeks’ salary, $1,100.
29. Paid telephone bill for June, $150.
30. Paid electricity bill for June, $400.
30. Recorded cash from cash clients for fees earned for the period June 25–30, $2,500.
30. Recorded services provided on account for the remainder of June, $1,000.
30. Emily withdrew $5,000 for personal use.
Instructions
1. Journalize each transaction in a two-column journal, referring to the following chartof accounts in 
selecting the accounts to be debited and credited. (Do not insert theaccount numbers in the journal at this 
time.)
11 Cash 31 Emily Page, Capital
12 Accounts Receivable 32 Emily Page, Drawing
14 Supplies 41 Fees Earned
15 Prepaid Rent 51 Salary Expense
16 Prepaid Insurance 52 Rent Expense
18 Office Equipment 53 Supplies Expense
19 Accumulated Depreciation 54 Depreciation Expense
21 Accounts Payable 55 Insurance Expense
22 Salaries Payable 59 Miscellaneous Expense
23 Unearned Fees
2. Post the journal to a ledger of four-column accounts.
3. Prepare an unadjusted trial balance.
4. At the end of June, the following adjustment data were assembled. Analyze and use these data to 
complete parts (5) and (6).
a. Insurance expired during June is $200.
b. Supplies on hand on June 30 are $650.
c. Depreciation of office equipment for June is $250.
d. Accrued receptionist salary on June 30 is $220.
e. Rent expired during June is $2,000.
f. Unearned fees on June 30 are $1,875.
5. Enter the unadjusted trial balance on an end-of-period spreadsheet (work sheet) and complete the 
spreadsheet.
6. Journalize and post the adjusting entries.
7. Prepare an adjusted trial balance.
8. Prepare an income statement, a statement of owner’s equity, and a balance sheet.
9. Prepare and post the closing entries. (Income Summary is account #33 in the chart of accounts.) 
Indicate closed accounts by inserting a line in both the Balance columns opposite the closing entry.
10. Prepare a post-closing trial balance.

Answer:Sorry, this question is too extensive to answer in one response. Can yo...
Answer: The market is in equilibrium at the point where the quantity demanded ...
Answer:A health habit refers to a pattern of behaviors or actions that individ...
Answer: A pork aficionado's dream, they offer three different experiences from...
Answer: Price collusion occurs in oligopolistic industries when firms agree to...
Answer: Game theory is a mathematical framework used to study decision-making ...
Answer: Weighing the pros and cons of different health habits can help individ...
Answer: A. Godzilla vs. Kong Black Widow Maipo: 20 10 Pisco: 10 20 B. Godzilla...
Answer: The cell membrane, also known as the plasma membrane, is composed of s...
Answer: The cell membrane, also known as the plasma membrane, is composed of s...
Answer: The basic components of a cell and their functions are: Nucleus: The n...
Answer: a. The initial volume of the gas can be calculated using the ideal gas...
Answer: ANonymousaly,1689
Answer: a) The ideal gas law states that PV = nRT, where P is pressure, V is v...
Answer: The ideal gas law states that PV = nRT, where P is pressure, V is volu...
Answer: John Locke's Two Treatises of Government is a political philosophy tex...
Answer: The change in internal energy, ΔU, of an ideal gas is given by ΔU = Q ...
Answer: In John Locke's Second Treatise, he claims that government exists by t...
Answer: John Locke's philosophy of government is best described by option (C):...
Answer: 4. option (A) 3.option (C) 5.Option A Step-by-step explanation: 3. Joh...
Answer: BStep-by-step explanation: The temperature of the gas can be calculate...
Answer:The volume occupied by one mole of an ideal gas at standard temperature...
Answer: The ideal gas law is PV = nRT, where P is pressure, V is volume, n is ...

Weekly leaderboard

Start filling in the gaps now
Log in