User Account

All Pages

What is the holmes capital for sep

Assignment Help Accounting Basics
Reference no: EM132888182

Question - Home Protector has journalized their adjusting entries and prepared their adjusted trial balance. Using the adjusted trial balance, prepare the closing entries directly owner's capital for the month of September and create the post-closing trial balance.

Cash $12,380

Accounts Receivable $5,050

Prepaid Insurance $2,570

Equipment $25,700

Accumulated Depreciation $2,920

Accounts Payable $6,230

Salaries Payable $840

Unearned Revenue $4,700

Bank Loan $7,550

Holmes, Capital $19,960

Holmes, Withdrawals $4,390

Service Revenue $17,970

Depreciation Expense $490

Insurance Expense $320

Interest Expense $390

Office Supplies Expense $2,840

Rent Expense $1,680

Salaries Expense $3,990

Telephone Expense $370

CR Total $60,170 and CR Total is $60,170

Required - What is the Holmes, Capital for Sep 30?

Reference no: EM132888182

Questions Cloud

How many months from today should this payment be : Franklin owes the following amounts to the same person: $16,000 due today, $11,500 due in 1¼ years, how many months from today should this payment be
What do need to do to prepare for each resource : What do you need to do to prepare for each resource? (ie. For a job fair you would need a table presentation, information pieces - what are those?, swag)
Compare and contrast your analysis with your peers : Compare and contrast your analysis with your peers. Are there additional criteria that may have value or weight to the decision?
What is the value of the inventory conversion period : Black Sheep Broadcasting Company is a mature firm that has a stable flow of business. What is the value of the inventory conversion period
What is the holmes capital for sep : Home Protector has journalized their adjusting entries and prepared their adjusted trial balance. What is the Holmes Capital for Sep
BUS 306 Quantitative Business Analysis Assignment : BUS 306 Quantitative Business Analysis Assignment Help and Solution, Emirates College of Technology - Assessment Writing Service
Discuss problems with the risk-adjusted performance indices : Discuss two major problems with the above risk-adjusted performance indices and others commonly used in portfolio performance evaluation
What are limitations of audits that might not allow auditors : Research the Supreme Court case (United States v. Arthur Young, 465 U.S. 805 (1984)). What are limitations of audits that might not allow auditors
Suggest about business career or role : What do your findings suggest about a business career or role? Will your findings change a specific role in business? Why or Why not?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare all approprite journal entries

During Browne Company's first year of operations, credit sales totaled $200,000, Prepare all approprite journal entries relative to uncolectible accounts

  Evaluate the factors that help to determine that market

evaluate the factors that help to determine that market value of stock. consider the factors that are most relevant to

  How is depreciation calculated using straight line method

What is an example of when the straight line method is most ideal to use? How is depreciation calculated using the straight line method

  Division of netincome developed

Salaries of $36,000 to Abbott and $56,000 to Martin; interest at 15 percent to be allowed on beginning capital investments; balance to be divided equally. Prepare the journal entry to close the Income Summary account, using the division of netincom..

  Romtech company sold 43000 units of its product at a price

romtech company sold 43000 units of its product at a price of 300 per unit. total variable cost per unit is 175

  What is the activity-based overhead rate

Bodhi Company uses activity-based costing, If the total expected inspections are 80,000, then what is the activity-based overhead rate?

  Journalize the May transactions for N Company

N, Company uses a perpetual inventory system. During May, the following transactions and events occurred. Journalize the May transactions for N Company

  Fin 350 prepare an income statement for cathy chen cpa

1.  Income statement preparation On December 31, 2015, Cathy Chen, a self-employed certified public accountant (CPA), completed her first full year in business. During the year, she billed $360,000 for her accounting services. She had two employees, ..

  Calculate the direct manufacturing labor rate variance

Calculate the following variances: Direct manufacturing labor rate variance, Direct manufacturing labor usage variance and Direct materials usage variance

  Compute percentage of the allowance for doubtful accounts

Nature of Uncollectible Accounts - Compute the percentage of the allowance for doubtful accounts to the accounts receivable for the XYZ Corporation

  Southlake corporation issued 900000 of 8 bonds on march 1

southlake corporation issued 900000 of 8 bonds on march 1 20x1. the bonds pay interest on march 1 and september 1 and

  Would you recommend that the company purchase this software

Access the Website AMSI.com and click on Construction Management Software, and then on starbuilder. Prepare a one-page memorandum for the CEO of a construction.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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