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CHAPTERS 1 AND 2 -- Page 6 Number(s) of account (s) debited Number(s) of account (s)...
urnal form. Voer Question #1 (25 points) - if you need additonal space, use page 3....
urnal form. Voer Question #1 (25 points) - if you need additonal space, use page 3. instructions: Journalize the following business transactions in general journal in transaction by number. You may omit explanations of the transactions. M. Acher invests $90.000 cash to start the business. Purchased three pieces of equipment for $175,000, paying $70,000 cash and signing year, 10% note for the remainder. Purchased $5,000 supplies on credit Cash revenue amounted to $7,000. Paid $500 cash for radio advertising used...
The chart of accounts used by Norton Printing Company is listed below. You are to indicate...
The chart of accounts used by Norton Printing Company is listed below. You are to indicate the proper accounts to be debited and credited for the following transactions by writing the account number(s) in the appropriate boxes. The chart of accounts used by Norton Printing Company is listed below. You are to indicate the proper accounts to be debited and ted for the following transactions by writing the account number in the appropriate boxes. CHART OF ACCOUNTS 1 Cash 8...
Question 1 Selected transactions for Bakar Enterprise, an interior decorator, are as follows: March 2 Invested...
Question 1
Selected transactions for Bakar Enterprise, an interior
decorator, are as follows:
March
2
Invested RM15,000 cash in business.
3
Purchased used car for RM4,000 cash for use in business.
9
Purchased supplies on account for RM500 .
11
Billed customer RM1,800 for services performed.
16
Paid RM200 cash for advertising.
20
Received RM700 cash from customers billed on 11 March.
23
Paid Ah Meng RM400 cash on balanced owed.
28
Paid RM1,500 cash salary to administrative assistant.
29...
Journalize the following transactions by Sarasota Printing Company. (Credit account titles are automatically indented when the...
Journalize the following transactions by Sarasota Printing
Company. (Credit account titles are automatically
indented when the amount is entered. Do not indent manually. If no
entry is required, select "No Entry" for the account titles and
enter 0 for the amounts.)
1.
Stockholders invest $84,000 cash to start the business.
2.
Purchased three digital copy machines for $400,000, paying
$118,000 cash and signing a 5-year, 6% note for the remainder.
3.
Purchased $4,600 paper supplies on credit.
4.
Cash received...
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nemia Consuelo invests P200,000 in cash...
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nemia Consuelo invests P200,000 in cash to start a laundry business on August 1. Purchased equipment for R50,000 paying + 30,000 in cash and the remainder due in 30 days. Purchased supplies for 5,200 cash. Received a bill from College News for £ 1,300 for advertising in the campus newspaper. Cash receipts from customers for cleaning and laundry amounted to + 6,400. Paid salaries of P 600 to student workers....
QUESTION 14 Identify the account to be debited and the account to be credited for each...
QUESTION 14 Identify the account to be debited and the account to be credited for each of the following transactions: 1 Purchased equipment for cash and a note payable. 2. Accepted a cash deposit from a customer for a service to be provided next month. 3. Provided services on account. 4. Purchased supplies on account. 5. Received payment form the client in 3. 6. Provided services to customer in 2 and collected cash for the remaining work done. 7. Owner...
Exercise 2-02 Selected transactions for M. Acosta, an interior decorator, in her first month of business,...
Exercise 2-02 Selected transactions for M. Acosta, an interior decorator, in her first month of business, are as follows. Jan. 2 Invested $10,000 cash in business. 3. Purchased used car for $3,000 cash for use in business. 9 Purchased supplies on account for $600. 11 Billed customers $2,400 for services performed. 16 Paid $350 cash for advertising. 20 Received $900 cash from customers billed on January 11. 23 Paid creditor $300 cash on balance owed. 28 Withdrew $1,000 cash for...
erose 2-02 ected transactions for M. Acosta, an interior decorator, in her first month of business,...
erose 2-02 ected transactions for M. Acosta, an interior decorator, in her first month of business, are as follows. 2 Invested $10,000 cash in business 3 Purchased used car for $3,000 cash for use in business. 9 Purchased supplies on account for $600. 11 Billed customers $2.400 for services performed. 16 Dald 350 cash for advertising 20 Received $900 cash from customers billed on January 11. 23 Paid creditor $300 cash on balance owed. 28 Withdrew $1,000 cash for personal...
Problem 1 (40 points) Maria Martinez decides to open a cleaning and laundry service near the...
Problem 1 (40 points) Maria Martinez decides to open a cleaning and laundry service near the local college campus that will operate as a sole proprietorship. Analyze the following transactions for the month of June in terms of their effect on the basic accounting equation. Record each transaction by increasing (+) or decreasing (-) the dollar amount of each item affected. Indicate the new balance of each item after a transaction is recorded. It is not necessary to identify the...
7 Wunderkind Photography entered into the following transactions during February 2019. 1. Stockholders invested $5,000 in...
7 Wunderkind Photography entered into the following transactions during February 2019. 1. Stockholders invested $5,000 in the business. 2. Bought photography equipment for a cash payment of $1,000. 3. Bought more photography equipment by signing a $500 note payable. 4. Performed photography services for $400 cash. 5. Performed photography services, and billed the customer $900 on account 6. Collected $900 from the customer in item 5. 7. Paid for February developing and printing, $150. 8. Advertised the business in the...
urnal form. Voer Question #1 (25 points) - if you need additonal space, use page 3. instructions: Journalize the following business transactions in general journal in transaction by number. You may omit explanations of the transactions. M. Acher invests $90.000 cash to start the business. Purchased three pieces of equipment for $175,000, paying $70,000 cash and signing year, 10% note for the remainder. Purchased $5,000 supplies on credit Cash revenue amounted to $7,000. Paid $500 cash for radio advertising used...
The chart of accounts used by Norton Printing Company is listed below. You are to indicate the proper accounts to be debited and credited for the following transactions by writing the account number(s) in the appropriate boxes. The chart of accounts used by Norton Printing Company is listed below. You are to indicate the proper accounts to be debited and ted for the following transactions by writing the account number in the appropriate boxes. CHART OF ACCOUNTS 1 Cash 8...
Question 1
Selected transactions for Bakar Enterprise, an interior
decorator, are as follows:
March
2
Invested RM15,000 cash in business.
3
Purchased used car for RM4,000 cash for use in business.
9
Purchased supplies on account for RM500 .
11
Billed customer RM1,800 for services performed.
16
Paid RM200 cash for advertising.
20
Received RM700 cash from customers billed on 11 March.
23
Paid Ah Meng RM400 cash on balanced owed.
28
Paid RM1,500 cash salary to administrative assistant.
29...
Journalize the following transactions by Sarasota Printing
Company. (Credit account titles are automatically
indented when the amount is entered. Do not indent manually. If no
entry is required, select "No Entry" for the account titles and
enter 0 for the amounts.)
1.
Stockholders invest $84,000 cash to start the business.
2.
Purchased three digital copy machines for $400,000, paying
$118,000 cash and signing a 5-year, 6% note for the remainder.
3.
Purchased $4,600 paper supplies on credit.
4.
Cash received...
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nemia Consuelo invests P200,000 in cash to start a laundry business on August 1. Purchased equipment for R50,000 paying + 30,000 in cash and the remainder due in 30 days. Purchased supplies for 5,200 cash. Received a bill from College News for £ 1,300 for advertising in the campus newspaper. Cash receipts from customers for cleaning and laundry amounted to + 6,400. Paid salaries of P 600 to student workers....
QUESTION 14 Identify the account to be debited and the account to be credited for each of the following transactions: 1 Purchased equipment for cash and a note payable. 2. Accepted a cash deposit from a customer for a service to be provided next month. 3. Provided services on account. 4. Purchased supplies on account. 5. Received payment form the client in 3. 6. Provided services to customer in 2 and collected cash for the remaining work done. 7. Owner...
Exercise 2-02 Selected transactions for M. Acosta, an interior decorator, in her first month of business, are as follows. Jan. 2 Invested $10,000 cash in business. 3. Purchased used car for $3,000 cash for use in business. 9 Purchased supplies on account for $600. 11 Billed customers $2,400 for services performed. 16 Paid $350 cash for advertising. 20 Received $900 cash from customers billed on January 11. 23 Paid creditor $300 cash on balance owed. 28 Withdrew $1,000 cash for...
erose 2-02 ected transactions for M. Acosta, an interior decorator, in her first month of business, are as follows. 2 Invested $10,000 cash in business 3 Purchased used car for $3,000 cash for use in business. 9 Purchased supplies on account for $600. 11 Billed customers $2.400 for services performed. 16 Dald 350 cash for advertising 20 Received $900 cash from customers billed on January 11. 23 Paid creditor $300 cash on balance owed. 28 Withdrew $1,000 cash for personal...
Problem 1 (40 points) Maria Martinez decides to open a cleaning and laundry service near the local college campus that will operate as a sole proprietorship. Analyze the following transactions for the month of June in terms of their effect on the basic accounting equation. Record each transaction by increasing (+) or decreasing (-) the dollar amount of each item affected. Indicate the new balance of each item after a transaction is recorded. It is not necessary to identify the...
7 Wunderkind Photography entered into the following transactions during February 2019. 1. Stockholders invested $5,000 in the business. 2. Bought photography equipment for a cash payment of $1,000. 3. Bought more photography equipment by signing a $500 note payable. 4. Performed photography services for $400 cash. 5. Performed photography services, and billed the customer $900 on account 6. Collected $900 from the customer in item 5. 7. Paid for February developing and printing, $150. 8. Advertised the business in the...
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