Sun Devil Hair Design has the following transactions during the month of February.
Sun Devil Hair Design has the following transactions during the month of February.
February 2 Pay $630 for radio advertising for February.
February 7 Purchase beauty supplies of $1,230 on account.
February 28 Pay utility bill for the current month of $238.
Required:
Record each transaction. Sun Devil uses the following accounts: Cash, Accounts Receivable, Supplies, Accounts Payable. Service Revenue, Advertising Expense, Salaries Expense, and Utilities Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.)
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Sun Devil Hair Design has the following transactions during the month of February.
Sun Devil Hair Design has the following transactions during the month of February. February 2 Pay...
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Sun Devil Hair Design has the following transactions during the month of February. February 2 Pay $610 for radio advertising for February. February 7 Purchase beauty supplies of $1,210 on account. February 14 Provide beauty services of $2,450 to customers and receive cash. February 15 Pay employee salaries for the current month of $810. February 25 Provide beauty services of $910 to customers on account. February 28 Pay utility bill for the current month of $210. Required: Record each transaction....
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Record the following transactions, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26.000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5.900 cash. (e) Purchased $1700 of supplies on account....
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Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26,000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5,900 cash. (e) Purchased $1,700 of supplies on account....
Required information [The following information applies to the questions displayed below.] Below are several transactions for Crimson Tide Corporation. A junior accountant, recently employed by the company, proposes to record the following transactions. External Transaction Accounts Debit Credit Pay cash dividends of $770 to stockholders. Cash 1. 770 Dividends 770 Provide services on account for customers, $3,100. 2. Cash Service Revenue 3,100 3,100 Pay a $470 utilities bill for the current period. Utilities Expense Cash 3. 470 470 370 Receive...
Use the following to answer questions 10 - 13 Indicate which of the following accounts should be debited and which should be credited. An example has been provided (ex). Purchase Office Supplies in exchange for cash Debit : N (Supplies) Credit: C (Cash) see below. Only include the letter of the account not the account name. A Accounts payable E. Dividends 1. Rent expense M. Service revenue B Accounts receivable F. Equipment J. Retained earnings N. Supplies C. Cash G....
need help answering question 2
4 During February, the following transactions occurred: Feb. 1 Performed work for a client and received cash of $8,5ee. 5 paid $5,eee regarding outstanding accounts payable. 10 Received cash of $3,600 for work to be done in March. 12 called Fasco Rentals to book the use of some equipment next month. The $400 rental fee will be paid in full when the equipment is returned. 17 The owner withdren cash of $3,000 for personal use....
Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) (a) Started business by Issuing 10,000 shares of common stock for $22,000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $520 per month and paid six months' rent in advance. (d) Purchased equipment for $5,200 cash. (e) Purchased $2,200 of supplies on account....
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