Business, 11.02.2021 21:40 tugordochulo1

Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have a normal debit or credit balances. Assume the year ended on September 30, 2018. Accounts Payable $603
Accounts Receivable 303
Accumulated Depreciation 903
Cash 303
Common Stock 203
Deferred Revenue 203
Depreciation Expense 303
Equipment 3,203
Income Tax Expense 303
Interest Revenue 103
Notes Payable (long-term) 203
Notes Payable (short-term) 503
Prepaid Rent 103
Rent Expense 403
Retained Earnings 1,503
Salaries and Wages Expense 2,203
Service Revenue 6,209
Supplies 503
Supplies Expense 203
Travel Expense 2,603
Required:
a. Prepare and adjusted trial balance on September 30, 2018.
b. Is the Retained Earnings balance of $1,503 the amount that would be reported on the balance sheet as of September 30, 2018?

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 20:30

Max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay semimonthly for it?

Answers: 1

Answer

Business, 21.06.2019 23:20

On october 2, 2016 starbucks corporation reported, on its form 10-k, the following (in millions): total assets $14,329.5 total stockholders' equity 5,890.7 total current liabilities 4,546.9 what did starbucks report as total liabilities on october 2, 2016? select one: a. $12,516.7 million b. $6,377.3 million c. $995.0 million d. $8,438.8 million e. none of the above

Answers: 2

Answer

Business, 22.06.2019 08:50

Comprehensive illustrative problem: mira's store on february 1 20a4 mica delaman opened astore that sells school supplies her main customer are the students and teachers of happy students school that is situated in front of her store. mira wanted to know the financial position of mira's store. mira knew you were studying accounting. so she asked for . 1. to start her business mira's opened a checking account in the name of mira's store . the statement of account from the bank shows that the checking account has a balance of 31,535 of december 31,20a4

Answers: 2

Answer

Business, 22.06.2019 16:30

Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.

Answers: 2

Answer

You know the right answer?

Starbooks Corporation provides an online bookstore for electronic books. The following is a simplifi...

Questions