Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on june 30, 2016, the balances of the accounts app

On June 30, 2016, the balances of the accounts appearing in the ledger of Simkins...

90.2K

Verified Solution

Question

Accounting

On June 30, 2016, the balances of the accounts appearing in the ledger of Simkins Company are as follows: PleaseFill in the blanks imageimageimageimageimage On June 30, 2016, the balances of the accounts appearing in the ledger of Simkins Company are as follows:image

Cash Accounts Receivable Merchandise Inventory, July 1, 2015 Office Supplies Prepaid Insurance Land Store Equipment Accumulated Depreciation Office Equipment Accumulated Depreciatio Accounts Payable Salaries Payable Unearned Rent Notes Payable Amy Gant, Capital Amy Gant, Drawing Sales Purchases Purchases Returns and Allowances Purchases Discounts Freight In Sales Salaries Expense Advertising Expense Delivery Expense Depreciation Expense-Store Equipment Miscellaneous Selling Expense Office Salaries Expense Rent Expense Insurance Expense Office Supplies Expense Depreciation Expense-Office Equipment Miscellaneous Administrative Expense Rent Revenue Interest Expense $125,000 340,000 415,000 9,000 18,000 300,000 550,000 190,000 250,000 110,000 85,000 9,000 6,000 50,000 825,000 275,000 6,590,000 4,100,000 32,000 13,000 45,000 580,000 315,000 18,000 12,000 28,000 375,000 43,000 17,000 5,000 4,000 16,000 32,500 2,500 -Store Equipmernt iation-Office Equipment

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

Chemistry
1.2K views

The reaction CH4(g) + 2 H2S(g) ↔ CS2(g) + 4 H2(g) has an equilibrium constant of 2.73...

Physics
1.2K views

A square frame made of 4 mm-thick iron rods and an edge length of 1 m is...

Finance
1.2K views

Consider the following situation: State of Economy Probability of State of Economy Returns if State Occurs Stock A Stock B Stock...

Biology
1.2K views

The most serious slave rebellion of the colonial period was the Stono Uprising the Middle...

Calculus
1.2K views

A ladder 10 m long is leaning against a wall. If the base of the...

Accounting
1.2K views

Deacon Company is a merchandising company that is preparing a budget for the three-month period...

Accounting
1.2K views

Is it more profitable to receive $3,000 now or $4,500 in nine years? Assume that...

Accounting
1.2K views

(Present value tables are needed.) The Janus Vending Machine Company is looking to expand its...

Accounting
1.2K views

Suppose that Ulta Corporation issued a one-year 10%$324000 note on April 30, 2025. Assuming that...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a...

Accounting
1.2K views

The accounts in the ledger of Prompt Delivery Service contain the following balances on July...

Finance
1.2K views

QUESTION 2 20 points over (B). An investor must choose between two options. The first...