Homework Answers
| 1 | prepaid rent | 4000 | |
| Cash | 4000 | ||
| 2 | rent expense | 2000 | |
| Prepaid rent | 2000 | ||
| 3 | cash | 16000 | |
| Unearned revenue | 16000 | ||
| 4 | Unearned revenue | 8000 | |
| Revenue | 8000 | ||
| 5 | prepaid insurance | 3000 | |
| Cash | 3000 | ||
| 6 | insurance expense | 1000 | |
| Prepaid Insurance | 10000 | ||
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For each of the following independent situations, prepare journal entries to record the initial transaction on...
For each of the following Independent situations, prepare Journal entries to record the Initial transaction on...
For each of the following Independent situations, prepare Journal entries to record the Initial transaction on September 30 and the adjustment required on October 31. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) a. Hockey Helpers paid $4,000 cash on September 30 to rent an arena for the months of October and November b. Super Stage Shows received $16.000 on September 30 for season tickets that admit patrons to a...
q5 says im wrong Saved Help Save 5 For each of the following independent situations, prepare...
q5 says im wrong
Saved Help Save 5 For each of the following independent situations, prepare journal entries to record the initial transaction on September 30 and the adjustment required on October 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 10 points a Hockey Helpers paid $5.400 cash on September 30 to rent an arena for the months of October and November b. Super Stage Shows received $17.400 on...
For each of the following independent situations, prepare journal entries to record the initial transaction on...
For each of the following independent situations, prepare journal entries to record the initial transaction on December 31 and the adjustment required on January 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 2.5 points Skipped a. Magnificent Magazines received $12,000 on December 31, 2018, for subscription services related to magazines that will be published and distributed in January through December 2019. b. Walker Window Washing paid $1,200 cash for...
For each of the following independent situations, prepare journal entries to record the initial transaction on...
For each of the following independent situations, prepare journal entries to record the initial transaction on December 31 and the adjustment required on January 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a Magnificent Magazines received $13,200 on December 31, 2018, for subscription services related to magazines that will be published and distributed in January through December 2019 b. Walker Window Washing paid $1,320 cash for supplies on December...
View Policies Current Attempt in Progress For each of the following transactions below, prepare the journal...
View Policies Current Attempt in Progress For each of the following transactions below, prepare the journal entry if one is required) to record the initial transaction and then prepare the adjusting entry, if any, required on September 30, the end of the fiscal year. (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 for the amounts.) (a) On September 1,...
Record adjusting journal entries for each of the following for year ended December 31 Assume no...
Record adjusting journal entries for each of the following for year ended December 31 Assume no other adjusting entries are made during the year. a. Unearned Rent Revenue. The Krug Company collected $7.800 rent in advance on November 1. debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1. b. Unearned Services Revenue. The company charges $90 per insect treatment. A customer paid $360 on October 1 in advance...
- For each of the following transactions below, prepare the journal entry (if one is required)...
- For each of the following transactions below, prepare the journal entry (if one is required) to record the initial transaction and then prepare the adjusting entry, if any, required on September 30, the end of the fiscal year. (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 O for the amounts.) (a) On September 1, paid rent on the...
Check my work Prepare journal entries for each transaction listed. (If no entry is required for...
Check my work Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) points a. At the end of June, bad debt expense is estimated to be $14,000. b. In July, customer balances are written off in the amount of $7,000. Skipped eBook View transaction list View journal entry worksheet References No Transaction General Journal Debit Credit
2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event,...
2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 Placed an order for office supplies costing $2,000. Supplier intends to deliver later in the month. Note: Enter debits before credits. Event General Journal Debit Credit a. Record entry Clear entry View general journal Rawico Communications operates fifteen radio stations throughout...
The following independent events for New Age Theatre Ltd. during the year ended November 30, 2018,...
The following independent events for New Age Theatre Ltd. during the year ended November 30, 2018, require a transaction journal entry or an adjusting journal entry, or both. The company adjusts its accounts annually. 1. On June 1, 2017, the theatre purchased vehicles for $80,700 cash. The vehicles’ estimated useful life is five years and the company uses straight-line depreciation. 2. The theatre has eight plays each season. This year’s season starts in October 2018 and ends in May 2019...
For each of the following Independent situations, prepare Journal entries to record the Initial transaction on September 30 and the adjustment required on October 31. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) a. Hockey Helpers paid $4,000 cash on September 30 to rent an arena for the months of October and November b. Super Stage Shows received $16.000 on September 30 for season tickets that admit patrons to a...
q5 says im wrong
Saved Help Save 5 For each of the following independent situations, prepare journal entries to record the initial transaction on September 30 and the adjustment required on October 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 10 points a Hockey Helpers paid $5.400 cash on September 30 to rent an arena for the months of October and November b. Super Stage Shows received $17.400 on...
For each of the following independent situations, prepare journal entries to record the initial transaction on December 31 and the adjustment required on January 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 2.5 points Skipped a. Magnificent Magazines received $12,000 on December 31, 2018, for subscription services related to magazines that will be published and distributed in January through December 2019. b. Walker Window Washing paid $1,200 cash for...
For each of the following independent situations, prepare journal entries to record the initial transaction on December 31 and the adjustment required on January 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a Magnificent Magazines received $13,200 on December 31, 2018, for subscription services related to magazines that will be published and distributed in January through December 2019 b. Walker Window Washing paid $1,320 cash for supplies on December...
View Policies Current Attempt in Progress For each of the following transactions below, prepare the journal entry if one is required) to record the initial transaction and then prepare the adjusting entry, if any, required on September 30, the end of the fiscal year. (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 for the amounts.) (a) On September 1,...
Record adjusting journal entries for each of the following for year ended December 31 Assume no other adjusting entries are made during the year. a. Unearned Rent Revenue. The Krug Company collected $7.800 rent in advance on November 1. debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1. b. Unearned Services Revenue. The company charges $90 per insect treatment. A customer paid $360 on October 1 in advance...
- For each of the following transactions below, prepare the journal entry (if one is required) to record the initial transaction and then prepare the adjusting entry, if any, required on September 30, the end of the fiscal year. (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 O for the amounts.) (a) On September 1, paid rent on the...
Check my work Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) points a. At the end of June, bad debt expense is estimated to be $14,000. b. In July, customer balances are written off in the amount of $7,000. Skipped eBook View transaction list View journal entry worksheet References No Transaction General Journal Debit Credit
2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 Placed an order for office supplies costing $2,000. Supplier intends to deliver later in the month. Note: Enter debits before credits. Event General Journal Debit Credit a. Record entry Clear entry View general journal Rawico Communications operates fifteen radio stations throughout...
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