Which expense category is the largest for the pool warehouse?
Answers
{Answer}
⬇️⬇️⬇️⬇️⬇️
Businessaccounting questions and answers sample question: complex category pool corporation is the world's largest wholesale distributor of swimming pool supplies and equipment & services it sells these products to swimming pool repair and service businesses like penny's pool service & supply inc., swimming pool builders, and retail swimming pool stores. the majority of these customers are small,
Question: Sample Question: Complex Category Pool Corporation Is The World's Largest Wholesale Distributor Of Swimming Pool Supplies And Equipment & Services It Sells These Products To Swimming Pool Repair And Service Businesses Like Penny's Pool Service & Supply Inc., Swimming Pool Builders, And Retail Swimming Pool Stores. The Majority Of These Customers Are Small,
This problem has been solved!
See the answer
Sample Question: Complex Category
Pool Corporation is the worlds largest wholesale distributor of swimming pool supplies andRequired:
1. Post the required entries. (If no entry is required for a transaction/event, select No journal entry requiredPrepaid insurance
4200 X
17
g
✓
22,300
Supplies expense
Supplies
22,300
18
r
8,300
Depreciation expense
Accumulated depreciat2. Post the entries and their balances to their respective T-accounts.
Answer is not complete.
Beg. bal.
Beg bal.
0
a
✓
Accou1,200
End. bal.
2,000
End, bal
Wages payable
50,800 Beg, bal.
800k .
Property tax payable
94,719 Beg. bal
13,000e5
.
51 600
EDeferred revenue
Accumulated depreciation
Beg. bal.
Beg. bal.
End, bal.
End. bal
Wages expenses
Insurance expenses
Beg bal.
B3. Prepare Adjusted Trial Balance.
Answer is complete but not entirely correct.
Credit
24,950
Pool Corporation
Adjusted trial4. Prepare Income Statement.
Answer is not complete.
Pool Corporation
Income Statement
For year ended December 31, 2020
Reven6. Prepare Balance Sheet. (Input all amounts as positive values.)
Answer is not complete.
Pool Corporation
Balance Sheet
For7. Post the closing entries. (If no entry is required for a transaction/event, select No journal entry required
field.)
Vie7. Post the closing entries. (If no entry is required for a transaction/event, select No journal entry required in the firs7. Post the closing entries. (If no entry is required for a transaction/event, select No journal entry required in the firs
Show transcribed image text
Expert Answer
Comment -Multiple Question Asked Journal- Journal refers to the primary books of accounts in which transaction are first recorded in order as they occur JOURNAL In the books of Pool Corporation Transaction Particulars L.F. Dr. Amount (in $) Cr. Amoun…
View the full answer
Transcribed image text: Sample Question: Complex Category Pool Corporation is the world's largest wholesale distributor of swimming pool supplies and equipment & services It sells these products to swimming pool repair and service businesses like Penny's Pool Service & Supply Inc., swimming pool builders, and retail swimming pool stores. The majority of these customers are small, family-owned businesses like Penny's. Its trial balance for the last year ended December 31, 2019 is presented below: Credit Account Titles Cash and cash equivalents Account Receivables Supplies Product inventories Prepaid Insurance Equipments Other non-current assets, net Accumulated Depreciation Accounts payable Wages payable Property tax payable Long term notes payable Capital Retained earnings, January 1 Debit $1,382,650 119,555 25,488 500,000 78,000 110,994 30,386 $ 16,650 114,740 50,800 94,719 34,208 1,172,550 754,526 $2,237,985 $2,237,985 The following transactions occurred during the financial year 2020
Please mark brainlists. You will get 3 points
Complex category Pool
- It is the largest pool warehouse.
- It can be called a swimming hall, as it is a huge building containing swimming pools.
- These places are mostly built in foreign countries.
- In India, it is very rare to find these types of pools.
- Found mostly in Chinese, japan countries.
- These pools are built for the public who can come here instead of going to beaches during summer.