Homework Answers
Answer:
| Increase | Decrease | ||
| Cash | |||
| Opening Balance | 4100 | ||
| Transaction # 1 | 5210 | ||
| Transaction # 2 | 1290 | ||
| Transaction # 3 | |||
| Transaction # 4 | 560 | ||
| Transaction # 5 | 520 | ||
| Ending Balance | 6940 | ||
No entry for Transaction #3 because purchased automobile on account (Credit).
Ending balance = Total debits - Total credits
Ending balance = 4100+5210-1290-560-520
Ending Balance = 6940
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The following formation from the personal records of Ramon March 31, 2019 Net Worth 58700 Transactions...
answer all parts please , thank you The following formation from the personal records of Ramon...
answer all parts please , thank you
The following formation from the personal records of Ramon March 31, 2019 Net Worth 58700 Transactions for the month of April 2019 1) Earned monthly salary of $5.210 2) Paid $1.290 cash fortes 3) Purchased an automobile worth $220 on account 4) Paid $550 cash for iphone expenses 5) Paid $520 cash for hydro Accounted Do not enter dollar signs or commas in the input boxes The Account fields are labeled by transaction...
GENERAL LEDGER IN LAST 3 PHOTOS Post the transactions for June 1 - 30 to the...
GENERAL LEDGER IN LAST 3 PHOTOS
Post the transactions for June 1 - 30 to the General
Ledger. Opening balances have been provided above. Be sure to keep
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Cissi Jean Oliver opened Cleaning Angels, Inc. on March 31, 2019. During April, the following transactions...
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Question 1 Khairul started his own business selling stationery, called KHAI Station. The following transactions took...
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The following selected transactions were recorded by Lynbrook Inc. during 2019. Lynbrook has a policy of...
The following selected transactions were recorded by Lynbrook
Inc. during 2019. Lynbrook has a policy of recording transactions
directly to Balance Sheet accounts under most circumstances.
However, at times the company makes exceptions to this policy. Any
exceptions to this policy are clearly identified in the
transactions below.
On December 31, 2019, the following additional information is
available:
Property taxes for 2019 are due to be paid by April 1, 2020. The
company has not paid or recorded its $2,900...
answer all parts please , thank you
The following formation from the personal records of Ramon March 31, 2019 Net Worth 58700 Transactions for the month of April 2019 1) Earned monthly salary of $5.210 2) Paid $1.290 cash fortes 3) Purchased an automobile worth $220 on account 4) Paid $550 cash for iphone expenses 5) Paid $520 cash for hydro Accounted Do not enter dollar signs or commas in the input boxes The Account fields are labeled by transaction...
GENERAL LEDGER IN LAST 3 PHOTOS
Post the transactions for June 1 - 30 to the General
Ledger. Opening balances have been provided above. Be sure to keep
running balance in each account.
Case Study Full Accounting Cycle Melissa Days and Kelly Harbor formed the Corporation Sports R Us. They sell sporting goods and give lessons. They have hired you to update their transactions for the business. They have provided you with the opening balances and a list of transactions...
Transactions; Financial Statements On April 1, 2019, Maria Adams established Custom Realty. Maria completed the following transactions during the month of April: a. Opened a business bank account with a deposit of $24,000 from personal funds. b. Paid rent on office and equipment for the month, $3,600. c. Paid automobile expenses (including rental charge) for the month, $1,350, and miscellaneous expenses, $600. d. Purchased office supplies on account, $1,200. e. Earned sales commissions (revenue) from selling real estate, receiving cash,...
Transactions - week 3 Jsing the company's records that are provided below, you are now required to ecord transactions that occurred throughout the third week of June. The veek 3 transactions are listed below Week 3 Date Transaction description 15 Paid sales staff wages of S5,275 for the two weeks up to and including yesterday, Check No. 607 16 Sold 130 copies of Barry Plotter and the Chart of Accounts to Cliffs Notes for $41 each, Invoice No. 203 16...
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B Fitness Training March 2019 Transactions Description of the Transaction Date Mar 1 The owners of Fitness Training invested an additional $55,000 cash in the business. Mar 1 Pay off $60,000 of the Note Payable. Also pay $450 for interest owed on the Note Payable for February. Mar 1 Take $7,200 cash out of bank to pay for March's rent. 1 A customer that purchased on credit in February pays $88,000 cash to pay off the amount due. Mar 2...
Business Events and Transactions for August 2019: The following transactions that occurred during the first week of August are to pay the outstanding liabilities from July 31" • August 1 Pay the July accrued interest to the bank. Also make a $40,000 payment on the bank note principal • August 5 Sunhurst Country Club, LLC paid its outstanding accrued July payroll of $7,000 plus an additional $1,000 for salaries incurred between August 1 and August 5. • August 7 Sunhurst...
The following selected transactions were recorded by Lynbrook
Inc. during 2019. Lynbrook has a policy of recording transactions
directly to Balance Sheet accounts under most circumstances.
However, at times the company makes exceptions to this policy. Any
exceptions to this policy are clearly identified in the
transactions below.
On December 31, 2019, the following additional information is
available:
Property taxes for 2019 are due to be paid by April 1, 2020. The
company has not paid or recorded its $2,900...
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