Entries by mary WAMBUGU

The following is the Bravo Unlimited adjusted Trial Balance. /> TITLE DEBIT CREDIT Cash $88,450 Accounts Receivable 331,860

August 30, 2019 in /by

The following is the Bravo Unlimited adjusted Trial Balance. /> TITLE DEBIT CREDIT Cash $88,450 Accounts Receivable 331,860 Supplies 11,255 Prepaid Rent 5,500 Accumulated Deprec. 236,260 Accounts Payable 72,555 Wages Payable 10,000 Capital Stock 220,000 Retained Earnings 111,145 Service Revenue 898,105 Interest Income 1,500 Rent Expense 66,000 Wages Expense 537,260 Supplies Expense 42,520 Utilities Expense […]

 

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Selected information from Jimmy Lean Hotdog Corporation’s accounting records and financial statements for 2006 is as follows (amounts in millions): Cash paid to acquire equipment $18

August 30, 2019 in /by

Selected information from Jimmy Lean Hotdog Corporation’s accounting records and financial statements for 2006 is as follows (amounts in millions): Cash paid to acquire equipment $18 Treasury stock purchased for cash 25 Proceeds from sale of land and buildings 45 Gain from the sale of land and buildings 26 Investment revenue received 33 Cash paid […]

 

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Bravo Unlimited Unadjusted Trial Balance (partial) 2/29/16 Accounts Debit

August 30, 2019 in /by

Bravo Unlimited Unadjusted Trial Balance (partial) 2/29/16 Accounts Debit Credit Cash $15,500 Supplies 14,000 Accounts Payable $10,500 Supplies Expense 5,000  The Supplies account balance on February 1, 2016 was $2,000. During the month of February Bravo purchased $12,000 of supplies for use in its operations. On February 29, Bravo warehouse chief inventoried supplies and determine […]

 

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Bravo Company’s January 1, 2016 finished goods inventory was $100,000. The January 1, 2017 finished goods inventory is $80,000.

August 30, 2019 in /by

Bravo Company’s January 1, 2016 finished goods inventory was $100,000. The January 1, 2017 finished goods inventory is $80,000.  Cost of goods manufactured for the FY 2016 was $250,000. Use this information to determine the dollar amount of the FY 2016 cost of goods sold. (Round dollar values & enter as whole dollars only.)   Looking […]

 

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