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1 Han's Supplies' bank statement contained a $270 NSF check that one of its customers had written to pay for supplies purchased. Required a. & c. Show the effects of the following transactions on the financial statements in the horizontal statements model. (a) Recognize the NSF check, (c) Customer redeems the check by giving Hans $290 cash in exchange for the bad check. The additional $ was a service fee charged by Hans. In the Cash Flow column, use OA...
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Han's Supplies' bank statement contained a $410 NSF check that one of its customers had written to pay for supplies purchased. Required a. & c. Show the effects of the following transactions on the financial statements in the horizontal statements model. (a) Recognize the NSF check. (c) Customer redeems the check by giving Hans $430 cash in exchange for the bad check. The additional $20 was a service fee charged by Hans. In the Cash Flow column, use OA to...
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Check my work Han's Supplies' bank statement contained a $270 NSF check that one of its customers had written to pay for supplies purchased. Required a. Show the effects of recognizing the NSF check on the financial statements by recording the appropriate amounts in a horizontal statements model like the following one: (In the Cash Flow column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity and NA to indicate the element is...
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Han's Supplies' bank statement contained a $440 NSF check that one of its customers had written to pay for supplies purchased. Required a. & c. Show the effects of the following transactions on the financial statements in the horizontal statements model. (a) Recognize the NSF check, (c) Customer redeems the check by giving Hans $460 cash in exchange for the bad check. The additional $20 was a service fee charged by Hans. In the Cash Flow column, use OA to...
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Exercise 6-7A Treatment of NSF check Han's Supplies' bank statement contained a $270 NSF check that one of its LO 6-4 written to pay for supplies purchased. Required a. Show the effects of recognizing the NSF check on the financial statements by recordin g the one: appropriate amounts in a horizontal statements model like the following Assets = Liab. + Equity Rev. - Exp. Net Inc. Cash Flow Cash +Accts. Rec. b. Is the recognition of the NSF check on...
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Han’s Supplies’ bank statement contained a $260 NSF check that
one of its customers had written to pay for supplies purchased.
Required
a. & c. Show the effects of the following
transactions on the financial statements in the horizontal
statements model. (a) Recognize the NSF check, (c) Customer redeems
the check by giving Hans $280 cash in exchange for the bad check.
The additional $20 was a service fee charged by Hans. In the Cash
Flow column, use OA to...
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Chen Company established a $125 petty cash fund on January 1, Year 1. Required a. Is the establishment of the petty cash fund an asset source, use, or exchange transaction? Is the establishment of the petty cash fund an asset source, use, or exchange transaction? b. Show the establishment of the petty cash fund in a horizontal statements model like the following one: (In the Cash Flow column use the initials OA to designate operating activity, IA for investing activity,...
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On December 31, Year 1, BIG Company had accrued salaries of $10.300. Required a. Record in general Journal format the adjustment required as of December 31, Year 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld.) View transaction lit Journal entry worksheet < 1 Record the adjusting entry for salaries payable. Note: Enter dabits before credits General Journal Debit Credit Date December 31 Record entry Clearly View general Journal D....
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Supplies, unearned revenue, and the financial statements model Hart, Attorney at Law, experienced the following transactions in 2018, the first year of operations: 1. Accepted $36,000 on April 1, 2018, as a retainer for services to be performed evenly over the next 12 months. 2. Performed legal services for cash of $54,000. 3. Purchased $2,800 of office supplies on account. 4. Paid $2,400 of the amount due on accounts payable. 5. Paid a cash dividend to the stockholders of $5,000....
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LO 2, 4 Problem 3-27A Recording events in a statements The following Asset Source Transactions 1. Began oper CHECK FIGURE b. Total debits: $39,125 model and T-accounts and preparing a trial balance accounting events apply to Parks Co. for the year 2011 ations when the business acquired $20,000 cash from the issue of common stock 2. Performed services and collected cash of $1,000. . Collected $4,500 of cash in advance for services to be provided over the next 12 months...
1 Han's Supplies' bank statement contained a $270 NSF check that one of its customers had written to pay for supplies purchased. Required a. & c. Show the effects of the following transactions on the financial statements in the horizontal statements model. (a) Recognize the NSF check, (c) Customer redeems the check by giving Hans $290 cash in exchange for the bad check. The additional $ was a service fee charged by Hans. In the Cash Flow column, use OA...
Han's Supplies' bank statement contained a $410 NSF check that one of its customers had written to pay for supplies purchased. Required a. & c. Show the effects of the following transactions on the financial statements in the horizontal statements model. (a) Recognize the NSF check. (c) Customer redeems the check by giving Hans $430 cash in exchange for the bad check. The additional $20 was a service fee charged by Hans. In the Cash Flow column, use OA to...
Check my work Han's Supplies' bank statement contained a $270 NSF check that one of its customers had written to pay for supplies purchased. Required a. Show the effects of recognizing the NSF check on the financial statements by recording the appropriate amounts in a horizontal statements model like the following one: (In the Cash Flow column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity and NA to indicate the element is...
Han's Supplies' bank statement contained a $440 NSF check that one of its customers had written to pay for supplies purchased. Required a. & c. Show the effects of the following transactions on the financial statements in the horizontal statements model. (a) Recognize the NSF check, (c) Customer redeems the check by giving Hans $460 cash in exchange for the bad check. The additional $20 was a service fee charged by Hans. In the Cash Flow column, use OA to...
Exercise 6-7A Treatment of NSF check Han's Supplies' bank statement contained a $270 NSF check that one of its LO 6-4 written to pay for supplies purchased. Required a. Show the effects of recognizing the NSF check on the financial statements by recordin g the one: appropriate amounts in a horizontal statements model like the following Assets = Liab. + Equity Rev. - Exp. Net Inc. Cash Flow Cash +Accts. Rec. b. Is the recognition of the NSF check on...
Chen Company established a $125 petty cash fund on January 1, Year 1. Required a. Is the establishment of the petty cash fund an asset source, use, or exchange transaction? Is the establishment of the petty cash fund an asset source, use, or exchange transaction? b. Show the establishment of the petty cash fund in a horizontal statements model like the following one: (In the Cash Flow column use the initials OA to designate operating activity, IA for investing activity,...
On December 31, Year 1, BIG Company had accrued salaries of $10.300. Required a. Record in general Journal format the adjustment required as of December 31, Year 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld.) View transaction lit Journal entry worksheet < 1 Record the adjusting entry for salaries payable. Note: Enter dabits before credits General Journal Debit Credit Date December 31 Record entry Clearly View general Journal D....
Supplies, unearned revenue, and the financial statements model Hart, Attorney at Law, experienced the following transactions in 2018, the first year of operations: 1. Accepted $36,000 on April 1, 2018, as a retainer for services to be performed evenly over the next 12 months. 2. Performed legal services for cash of $54,000. 3. Purchased $2,800 of office supplies on account. 4. Paid $2,400 of the amount due on accounts payable. 5. Paid a cash dividend to the stockholders of $5,000....
LO 2, 4 Problem 3-27A Recording events in a statements The following Asset Source Transactions 1. Began oper CHECK FIGURE b. Total debits: $39,125 model and T-accounts and preparing a trial balance accounting events apply to Parks Co. for the year 2011 ations when the business acquired $20,000 cash from the issue of common stock 2. Performed services and collected cash of $1,000. . Collected $4,500 of cash in advance for services to be provided over the next 12 months...