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Assume that the chart of accounts for Roth Co. includes the following accounts:  Cash, Accounts Receivable, Equipment, Accounts Payable, Sam Roth, Capital, Sam Roth, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On July 1, Sam Roth transferred additional cash from a personal bank account for the business, $5,000.  Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (2) as the credit account for the $5,000 amount.  Date Description P.Ref. Debit Credit July 1 (1)   $5,000          (2)     $5,000

The balance in the equipment account before adjustment on December 31 of the current year is $60,000 and the balance of accumulated depreciation on December 31, 2007 is $24,000. The adjustment amount for depreciation for the year is $10,000. What account should be credited in the journal (2) and for what amount to record the adjusting entry to record this depreciation based on this information? Date Description P.Ref. Debit Credit   Adjusting Entries       Dec. 31 (1)   ?          (2)     ?  

In the closing entries to close the expense accounts, what entry would be made to each expense account?

The balance in the supplies account before adjustment on December 31 of the current year is $3,000. The amount of supplies on hand is $1,500. What account should be credited in the journal (2) and for what amount to record the adjusting entry for supplies based on this information? Date Description P.Ref. Debit Credit   Adjusting Entries       Dec. 31 (1)   ?          (2)     ?  

Assume that the chart of accounts for Roth Co. includes the following accounts:  Cash, Accounts Receivable, Equipment, Accounts Payable, Sam Roth, Capital, Sam Roth, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On July 1, the company paid creditors on account $9,000.  Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (2) as the credit account for the $9,000 amount.  Date Description P.Ref. Debit Credit July 10 (1)   $9,000          (2)     $9,000  

When preparing a report form of a Balance Sheet for a merchandising business, assume that the following accounts had the following balances on the Adjusted Trial Balance:  Accounts Payable, $25,000; Wages Payable, $2,000; Mortgage Notes Payable (due in 10 years), $123,000 (current portion of the note, $3,000).  What would be the Total Long-Term Liabilities for this Balance Sheet? LIABILITIES       Current liabilities:                     ______   Total current liabilities     Long-term liabilities:         ______ Total liabilities      

Assume that the chart of accounts for Roth Co. includes the following accounts:  Cash, Accounts Receivable, Equipment, Accounts Payable, Sam Roth, Capital, Sam Roth, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On July 7, the company received cash from customers on account $2,000.  Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (2) as the credit account for the $2,000 amount.  Date Description P.Ref. Debit Credit July 7 (1)   $2,000          (2)     $2,000  

Assume that the chart of accounts for Roth Co. includes the following accounts:  Cash, Accounts Receivable, Equipment, Accounts Payable, Sam Roth, Capital, Sam Roth, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On July 2, the company purchased equipment on account $15,000.  Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (2) as the credit account for the $15,000 amount.  Date Description P.Ref. Debit Credit July 2 (1)   $15,000          (2)     $15,000

What is printed from the following code segment? myString = “Lisa Henderson” x = myString.split(‘e’) print(x)

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