How much is cost to complete this accoutning HW with work shown?  There are 8 problems

How much is cost to complete this accoutning HW with work shown?  There are 8 problems

 

Exercise 3-3

 The following trial balance of Scarlatti Corporation does not balance. SCARLATTI CORPORATIONTRIAL BALANCEAPRIL 30, 2012  Debit CreditCash $6,444  Accounts Receivable 5,506  Supplies 3,233  Equipment 6,366  Accounts Payable   $7,310Common Stock   8,266Retained Earnings   2,266Service Revenue   5,466Office Expense 4,586    $26,135 $23,308An examination of the ledger shows these errors. 1. Cash received from a customer on account was recorded (both debit and credit) as $1,846 instead of $2,116.2. The purchase on account of a computer costing $2,791 was recorded as a debit to Office Expense and a credit to Accounts Payable.3. Services were performed on account for a client, $2,516, for which Accounts Receivable was debited $2,516 and Service Revenue was credited $491.4. A payment of $361 for telephone charges was entered as a debit to Office Expenses and a debit to Cash.5. The Service Revenue account was totaled at $5,466 instead of $5,546.From this information, prepare a corrected trial balance. SCARLATTI CORPORATIONTrial Balance (Corrected)April 30, 2012  DebitCredit $$          $$ Click if you would like to Show Work for this question:                                          Exercise 3-7 A partial adjusted trial balance of Safin Company at January 31, 2012, shows the following. SAFIN COMPANYADJUSTED TRIAL BALANCEJANUARY 31, 2012  Debit CreditSupplies $1,100  Prepaid Insurance 3,600  Salaries and Wages Payable   $1,000Unearned Revenue   950Supplies Expense 950  Insurance Expense 600  Salaries and Wages Expense 2,000  Service Revenue   2,200Answer the following questions, assuming the year begins January 1.(a) If the amount in Supplies Expense is the January 31 adjusting entry, and $850 of supplies was purchased in January, what was the balance in Supplies on January 1? Beginning balance of supplies $(b) If the amount in Insurance Expense is the January 31 adjusting entry, and the original insurance premium was for one year, what was the total premium and when was the policy purchased? Total premium $The policy was purchased on  (c) If $2,900 of salaries and wages was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2011? Beginning balance of salaries and wages payable $(d) If $1,800 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2011? Beginning unearned service revenue December 31, 2011 $            Exercise 3-9 Selected accounts of Leno Company are shown below. SuppliesBeg. Bal.76010 ⁄ 31600Salaries and Wages Expense10 ⁄15890  10 ⁄31660  Unearned Service Revenue10 ⁄3141010 ⁄20680Service Revenue  10 ⁄172,800  10 ⁄313,560  10 ⁄31410Accounts Receivable10 ⁄ 172,800  10 ⁄313,560  Salaries and Wages Payable  10 ⁄31660Supplies Expense10 ⁄31600  From an analysis of the T-accounts, reconstruct the October transaction entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

DateAccount Titles and ExplanationDebitCredit10/15 10/17 10/20 From an analysis of the T-accounts, reconstruct the adjusting journal entries that were made on October 31, 2012. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No.Account Titles and ExplanationDebitCredit1.  (To record the use of supplies during October)  2.  (To record revenue for services performed for which payment has not yet been received)  3.  (To record liability for accrued payroll)  4.  (To record service revenue earned)  Click if you would like to Show Work for this question:Open Show Work                         Exercise 3-12Flynn Design Agency was founded by Kevin Flynn in January 2006. Presented below is the adjusted trial balance as of December 31, 2012. FLYNN DESIGN AGENCYADJUSTED TRIAL BALANCEDECEMBER 31, 2012   Debit Credit Cash $10,361   Accounts Receivable 21,861   Supplies 5,361   Prepaid Insurance 2,861   Equipment 60,361   Accumulated Depreciation—Equipment   $35,361 Accounts Payable   8,361 Interest Payable   222 Notes Payable   7,400 Unearned Service Revenue   5,961 Salaries and Wages Payable   1,537 Common Stock   10,361 Retained Earnings   3,861 Service Revenue   58,861 Salaries and Wages Expense 12,661   Insurance Expense 1,087   Interest Expense 572   Depreciation Expense 9,400   Supplies Expense 3,400   Rent Expense  4,000     $131,925 $131,925   (a1)Prepare an income statement for the year ending December 31, 2012. FLYNN DESIGN AGENCYIncome StatementFor the Year Ended December 31, 2012     $    $               $ Click if you would like to Show Work for this question:                                                     Exercise 3-16 Presented below are selected account balances for Alistair Co. as of December 31, 2012. Inventory 12/31/12 $60,700 Cost of Goods Sold $228,100Common Stock 75,220 Selling Expenses 17,970Retained Earnings 48,280 Administrative Expenses 38,320Dividends 19,640 Income Tax Expense 30,340Sales Returns and Allowances 12,180    Sales Discounts 15,990    Sales Revenue 412,910    Prepare closing entries for Alistair Co. on December 31, 2012. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No.Account Titles and ExplanationDebitCredit1.  (To close accounts with credit balances)  2.       (To close accounts with debit balances)  3.  (To close net income / (loss))  4.  (To close dividends)  Click if you would like to Show Work for this question:                                              Exercise 3-17 Snyder Miniature Golf and Driving Range Inc. was opened on March 1 by Mickey Snyder. The following selected events and transactions occurred during March. Mar. 1 Invested $60,250 cash in the business in exchange for common stock.3 Purchased Michelle Wie’s Golf Land for $40,950 cash. The price consists of land $10,280; building $23,780; and equipment $6,890. (Make one compound entry.)5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,770.6 Paid cash $1,540 for a one-year insurance policy.10 Purchased golf equipment for $2,740 from Young Company, payable in 30 days.18 Received golf fees of $1,410 in cash.25 Declared and paid a $1,900 cash dividend.30 Paid wages of $800.30 Paid Young Company in full.31 Received $930 of fees in cash.Journalize the March transactions. (Use Service Revenue account to record fees.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) DateAccount Titles and ExplanationDebitCreditMar. 1 Mar. 3   Mar. 5 Mar. 6 Mar. 10 Mar. 18 Mar. 25 Mar. 30 Mar. 30 Mar. 31 Click if you would like to Show Work for this question:                            Exercise 3-20 When the accounts of Constantine Inc. are examined, the adjusting data listed below are uncovered on December 31, the end of an annual fiscal period. 1. The prepaid insurance account shows a debit of $6,480, representing the cost of a 2-year fire insurance policy dated August 1 of the current year.2. On November 1, Rent Revenue was credited for $2,904, representing revenue from a subrental for a 3-month period beginning on that date.3. Purchase of advertising supplies for $820 during the year was recorded in the Advertising Expense account. On December 31, advertising supplies of $320 are on hand.4. Interest of $830 has accrued on notes payable.Prepare the following in general journal form. (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 0 for the amounts.)
(a) The adjusting entry for each item. No.Account Titles and ExplanationDebitCredit1. 2. 3. 4. (b) The reversing entry for each item where appropriate. No.Account Titles and ExplanationDebitCredit1. 2. 3. 4. Click if you would like to Show Work for this question:                                                                             

 

Exercise 3-22The adjusted trial balance for Madrasah Co. is presented in the following worksheet for the month ended April 30, 2012.

(a1) Complete the worksheet. MADRASAH CO.Worksheet (Partial)For the Month Ended April 30, 2012  Adjusted Trial Balance Income Statement Balance SheetAccount Titles Dr. Cr. Dr. Cr. Dr. Cr.Cash 22,505      Accounts Receivable 10,453      Prepaid Rent Expense 2,764      Equipment 21,583      Accum. Depreciation—Equipment   5,379    Notes Payable   9,233    Accounts Payable   8,005    Owner’s Capital   38,493    Owner’s Drawings 6,650      Service Revenue   16,123    Salaries and Wages Expense 10,373      Rent Expense 2,760      Depreciation Expense 145      Interest Expense 567      Interest Payable   567        Totals 77,800 77,800    Net Income            Totals        Click if you would like to Show Work for this question: