Business, 18.06.2020 16:57 milkshakegrande101
Trial Balance National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts:
Cash Equipment Beth Worley, Drawing
(1) 75,000 (2) 900 (3) 8,000 (9) 2,500
(7) 8,150 (3) 1,600
(4) 6,280
(6) 2,700
(9) 2,500
Accounts Receivable Accounts Payable Fees Earned
(5) 12,300 (7) 8,150 (6) 2,700 (3) 6,400 (5) 12,300
Supplies Beth Worley, Capital Operating Expenses
(2) 900 (8) 660 (1) 75,000 (4) 6,280
(8) 660
a. Prepare an unadjusted trial balance, listing the accounts in their proper order. Place the amounts in the proper columns. If an entry is not required in an amount box, leave it blank. National Park Tours Co. Unadjusted Trial Balance May 31, 2019 Debit Balances Credit Balances Fees Earned 12,300
b. Based upon the unadjusted trial balance, determine the net income or net loss. $
Answers: 3
Business, 21.06.2019 21:00, yasmineeee96371
Jurvin enterprises is a manufacturing company that had no beginning inventories. a subset of the transactions that it recorded during a recent month is shown below. $76,700 in raw materials were purchased for cash. $71,400 in raw materials were used in production. of this amount, $66,300 was for direct materials and the remainder was for indirect materials. total labor wages of $151,700 were incurred and paid. of this amount, $134,300 was for direct labor and the remainder was for indirect labor. additional manufacturing overhead costs of $126,300 were incurred and paid. manufacturing overhead of $126,800 was applied to production using the company's predetermined overhead rate. all of the jobs in process at the end of the month were completed. all of the completed jobs were shipped to customers. any underapplied or overapplied overhead for the period was closed to cost of goods sold. required: 1. post the above transactions to t-accounts.2. determine the cost of goods sold for the period.
Answers: 1
Business, 22.06.2019 08:00, champ1135
Why is it vital to maintain a designer worksheet? a. it separates the designs chosen for the season from those rejected by the company. b. it keeps a record of all designs created by the designer for a season. c. it charts out the development of an entire line through the season and beyond. d. it tracks the development of a design along with costing and production details. done
Answers: 1
Business, 22.06.2019 09:40, leomessifanboy678
As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?
Answers: 3
Trial Balance National Park Tours Co. is a travel agency. The nine transactions recorded by National...
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