Prepare trial balance of oakland floor coverings

Assignment Help Financial Accounting
Reference no: EM13521387

Preparing a trial balance

Oakland Floor Coverings reported the following summarized data at December 31, 2012. Accounts appear in no particular order.

5

Revenues

$34,000

Other liabilities

18,000

Equipment

45,000

Cash

12,000

Accounts payable

2,000

Expenses

19,000

Oakland, capital

22,000



Requirement

1. Prepare the trial balance of Oakland Floor Coverings at December 31, 2012.

Reference no: EM13521387

Questions Cloud

Find what is the radius of the electron orbit : What is the velocity of a beam of electrons that go undeflected when passing through perpendicular electric and magnetic fields of magnitude 8.8x103 V/m and 3.5x10-3 T respectively
Psychological egoism considered an ethical theory : Why isn't psychological egoism considered an ethical theory? It aims to tell us how we do behave, not how we should behave. All of these. It is regarded as immoral. It has no implications for ethics.
Find the voltage drop across the inductor at this time : A 12.6 V battery is in series with a resistance of 0.324 Ohms and an inductor. What's the voltage drop across the inductor at this time
Compute the incorrect trial balance totals for debits : Compute the incorrect trial balance totals for debits and credits. Then show how to correct this error.
Prepare trial balance of oakland floor coverings : Prepare the trial balance of Oakland Floor Coverings at December 31, 2012 - Oakland Floor Coverings reported the following summarized data at December
Contractarians claim that basic moral rules : How do contractarians seek to justify basic moral rules? Contractarians claim that basic moral rules cannot be justified. By showing that they maximize utility. By showing that such rules are universalizable. By showing that free, equal, and rational..
Find the angle of the order of the destructive fringe : In a Young's double slits experiments. The interference patterns are shown on the screen. Find the angle of the order of the destructive fringe
Obtain the frequency of the siren perceived by the observer : An ambulance is generating a siren sound at a frequency of 2400 Hz. The velocity of sound is 34.0 m/s. What is the frequency of the siren perceived by the observer
Complete famous cuts adjusted trial balance : Complete Famous Cuts adjusted trial balance and Key each adjustment by letter.

Reviews

Write a Review

Financial Accounting Questions & Answers

  How are direct and indirect costs accounted

How are direct and indirect costs accounted for when applying the acquisition method for a business combination?

  Theory question based on revenue recognition principlemany

theory question based on revenue recognition principle.many companies sell products allowing their customers the right

  Why is impact of increased production on fixed cost per unit

Prepare in good form a statement of cost of goods manufactured for the month ended April 30 th and determine whether the following exhibit variable, fixed or mixed cost behavior.

  What adjusting entry must sue make

Sue Smiley has performed $500 of CPA services for a client but has not billed the client as of the end of the accounting period. what adjusting entry must Sue make?

  Computation of annual paymentyou will retiring in 25 years

computation of annual payment.you will retiring in 25 years and want to have amassed 1 million in savings at the time

  Calculate tarass inc alternate minimum tax

Calculate Tarass Inc. s alternate minimum tax for 2013, if any applies and the calculation must be shown to receive full credit.

  Prepare a flowchart documenting the payment process

Prepare a flowchart documenting the acquisition/payment process for ABC Corporation

  Adjusting entry for accrued interest receivable

Journalize the October transactions and the October 31 adjusting entry for accrued interest receivable - Manatee customer balance for finance charges on unpaid balances

  Components of or items in bank reconciliation with example

components of or items in bank reconciliation with example and operation to be done to complete reconciliation.in

  Evaluate break-even point in terms of dollars

From the data given compute the Break Even Point - Evaluate break-even point in terms of dollars

  Describe whether key elements of each of those seven parts

describe whether key elements of each of those seven parts are present in the audit report based on International Standards on Auditing for Les Meridian's financial statements.

  Computation of net income from given datause the following

computation of net income from given data.use the following information to calculate the companys accounting net income

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd