Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. an alphabetical list of carla vista company adjust

An alphabetical list of Carla Vista Company adjusted accounts at its fiscal year end, August...

50.1K

Verified Solution

Question

Accounting

An alphabetical list of Carla Vista Company adjusted accounts at its fiscal year end, August 31,2024, follows. All accounts have normal balances.
Accounts payable
$15,510
Notes payable
$42,000
Accumulated depreciation-equipment
14,000
Prepaid insurance
575
Accumulated depreciation-furniture
17.500
R. Moore, capital
65,750
Cash
28,670
R. Moore, drawings
76,000
Cost of goods sold
269,040
Rent expense
24,200
Depreciation expense
7,060
Salaries expense
50,200
Equipment
35,000
Salaries payable
2,250
Furniture
42,000
Sales
474,000
Insurance expense
3,575
Sales returns and allowances
18,000
Interest expense
2,120
Supplies
950
Interest payable
555
Supplies expense
6,325
Merchandise inventory
70,450
Unearned revenue
2,600
Additional information:
1. Of the notes payable, $6,400 becomes due on February 17,2025. The balance is due in 2026.
2. On July 18,2024, R. Moore invested $4,300 cash in the business.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Name any five peptide hormones secreted by the pars distalis of the adenohypophysis and the cell...

General Management
1.2K views

Black Lives Matter Protest and Rioting Prepare a two-page summary of your strategies to address the criminal...

Biology
1.2K views

true or false. transcription is the FIRST stage of gene expression; it involves DNA polymerase...

Basic Math
1.2K views

Given event T1, T2, T3, and D with p(D)=0.05, p(T1|D)=p(~T1|~D)=0.9, p(T2|D)=p(~T2|~D)=0.8, p(T3|D)=0.9 and p(~T3|~D)=1, find...

Statistics
1.2K views

Suppose a simple random sample of size n 36 is obtained from a population with...

Calculus
1.2K views

Find the values of a and b that make the function f x continuous everywhere...

Accounting
1.2K views

A business sublets part of its office accommodation. The rent is received quarterly in advance...

Accounting
1.2K views

If $2600000 of bonds are issued during the year but $4160000 of old bonds are...

Accounting
1.2K views

The operating leverage can be calculated by using the following formula: Contribution Operating leverage Operating...

Accounting
1.2K views

Imagine that a client has just inherited $100,000 and is considering investing in the company...

Finance
1.2K views

Question 1 (4 Marks) ...

Accounting
1.2K views

QUESTION 1 (35 MARK (52.5 MINUTE You are the accountant of MrClean Ltd, a manufacturer...