Questions from College Accounting

Q: Update the trial balance for Lemmings’s Landscaping Service (Figure 4.

Update the trial balance for Lemmings’s Landscaping Service (Figure 4.22) for August 31, 201X. Figure 4.22: Adjustment Data to Update the Trial Balance a. Rent expired, $700. b....

Q: At the end of June, Rick Fontan decided to open his

At the end of June, Rick Fontan decided to open his own computer service. Analyze the following transactions he completed by recording their effects in the expanded accounting equation. a. Invested $...

Q: Use the following adjustment data on August 31 to complete a partial

Use the following adjustment data on August 31 to complete a partial worksheet up to the adjusted trial balance (see Figure 4.21). Figure 4.21: a. Fitness supplies on hand, $3,900. b. Depreciation...

Q: From the following information, please complete the chart for gross earnings

From the following information, please complete the chart for gross earnings for the week. (Assume an overtime rate of time and a half over 40 hours.)

Q: April Company has five salaried employees. Your task is to use

April Company has five salaried employees. Your task is to use the following information to prepare a payroll register to calculate net pay for each employee: Assume the following: 1. FICA OASDI is...

Q: The bookkeeper of Triad Co. gathered the following data from individual

The bookkeeper of Triad Co. gathered the following data from individual employee earnings records and daily time cards. Your task is to complete a payroll register on October 13. Assume the followin...

Q: From the following balance sheet (Figure 4.18, which

From the following balance sheet (Figure 4.18, which was made from the worksheet and other financial statements), explain why the lettered numbers were not found on the worksheet. Hint: No debits or c...

Q: John Andrews, the accountant for White Company, must complete Form

John Andrews, the accountant for White Company, must complete Form 941 for the first quarter of the current year. John gathered the needed data as presented in Problem 8A-1. Suddenly called away to an...

Q: Using the information from Problem 8A-3, please complete Form

Using the information from Problem 8A-3, please complete Form 940 for Allen’s Sporting Goods for the current year. Additional information needed to complete the form is as follows:...

Q: Mandy Anabelle decided to open Mandy’s Nail Spa. Mandy completed the

Mandy Anabelle decided to open Mandy’s Nail Spa. Mandy completed the following transactions: a. Invested $21,000 cash from her personal bank account into the business. b. Bought store equipment for c...