NEED HELP FOR THE ACCOUNTING CYCLE PROJECT ABC Delivery Company,...

50.1K

Verified Solution

Question

Accounting

NEED HELP FOR THE ACCOUNTING CYCLE PROJECT

image

image

ABC Delivery Company, Ind Unadjusted Trial Balance November 30, 2014 ACCT# DEBITS CREDITS 69,660 4,600 730 101 Cash Accounts Receivabie Office Supplies Prepaid Rent Prepaid Insurance Trucks Accumulated Depreciation. Trucks Accounts Payable 127 128 150 500 295,000 S 115,000 1,300 201 1,600 210 230 Unearned Delivery Fees Long-Term Notes Pa Common Stock, No-Par Retained Eamings Dividends 302 390 401 510 520 15,000 180,000 Depreciation Expense, Trucks Wages Expense nterest Expense Rent Expense Insurance Expense Office Supplies Expense 36,800 522 523 524 Advertising Expense Truck Repair/Gas Expense General and Administrative Expense Income Summary 526 527 901 4.800 38,940 14,670 $ 487,900 $487,900 The following transactions occurred during the month of December 2014 03Paid accounts payable of $350 05 06 Dec. Paid insurance premiums of $9,200 in advance (use permanent account) Received $90 as advance payment of delivery service (use permanent account) Billed and collected $6,320 in cash from delivery fees Purchased $920 of office supplies on account 09 10

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