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PLUSWeygandt, Financial Accounting, 10e ESOURCES Brief Exercise 2-8 Selected journal entries for the Nikolal Company are presented below. e 2-2 31 Date Account Titles and ExplanationRef. Debit Credit May 5 Accounts Recelvable Service Revenue e 2-6 5,000 5,000 (Billed for services performed) 12 Cash 2,100 e 2-10 Accounts Receivable 2,100 (Received cash in payment of account) 15 Cash 3,200 Service Revenue 3,200 (Received cash for services performed) Post the transactions using the standard form of account. (Post entries in the...
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ngenal Accounting, 2e Unread) Practice Brief Exercise 1 Your answer is partially correct. Try again Selected transactions for the Nikolai Company are presented in journal form below. Date Account Titles and Explanation Ref. Debit Credit May 5 Accounts Receivable Service Revenue 5,000 5,000 (Billed for services performed) 12 Cash 1,400 Accounts Receivable 1,400 (Received cash in payment of account) 15 Cash 3,000 Service Revenue 3,000 (Received cash for services performed) Post the transactions to T-accounts. Make one T-account for each...
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For each of the following accounts, indicate the effects of a debit and a credit on the accounts and the normal balance of the account. Debit Effect Credit Effect Normal Balance 1. Accounts Payable 2. Advertising Expense 3. Service Revenue 4. Accounts Receivable 5. Owner's Capital 6. Owner's Drawings Click If you would like to Show Work for this question: Open Show Work June 1 Transactions for the Oleg Thorn Company for the month of June are presented below. Oleg...
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Selected transactions from the journal of Concord Corporation,
are presented below.
Date
Account Titles and Explanation
Debit
Credit
Aug. 1
Cash
59,400
Common Stock
59,400
(Investment of
cash for stock)
10
Cash
26,730
Service Revenue
26,730
(Received cash
for services performed)
12
Equipment
49,500
Cash
7,920
Notes Payable
41,580
(Purchased
office equipment for cash and notes payable)
25
Account Receivable
15,840
Service Revenue
15,840
(Billed clients
for services performed)
31
Cash
8,712
Accounts Receivable
8,712
(Receipt of cash
on account)...
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Selected transactions from the journal of Concord Corporation,
are presented below.
Date
Account Titles and Explanation
Debit
Credit
Aug. 1
Cash
59,400
Common Stock
59,400
(Investment of
cash for stock)
10
Cash
26,730
Service Revenue
26,730
(Received cash
for services performed)
12
Equipment
49,500
Cash
7,920
Notes Payable
41,580
(Purchased
office equipment for cash and notes payable)
25
Account Receivable
15,840
Service Revenue
15,840
(Billed clients
for services performed)
31
Cash
8,712
Accounts Receivable
8,712
(Receipt of cash
on account)...
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Exercise 2-12 a-b The T-accounts below summarize the ledger of Negrete Landscaping Company at the end of the first month of operations. 4/1 4/12 4/29 4/30 4/7 4/4 Cash No. 101 14,000 4/15 1,300 900 4/25 1,500 400 1,000 Accounts Receivable No. 112 3,000 4/29 400 Supplies No. 126 1,800 Accounts Payable No. 201 1,500 4/4 1,800 Unearned Service Revenue No. 209 4/30 1,000 Owner's Capital No. 301 4/1 14,000 Service Revenue No. 400 4/7 3,000 4/12 900 Salaries and...
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Bookmarks Window Hei Edit View History eo ed transa WileyPLUS Reture to Blackboard US Weygandt, Accounting Principles, 12 Help System Announcements (1 Unread & Practice Assignment Gradebook ORION Downloadable eTextbook Assignment TIMER RCES Question 4 Selected transactions from the journal of June Feldman, investment broker, are presented below. Date Account Titles and Explanation Ref. Debit Credit Aug. 1 Cash 5,000 Owner's Capital 5,000 (Owner's Investment of cash in business) 10 Cash 2,600 Service Revenue 2,600 (Received cash for services performed)...
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a. Performed $8,200 of services on account. b. Collected $5,600 cash on accounts receivable. c. Paid $1,450 cash in advance for an insurance policy. d. Paid $400 on accounts payable. e. Recorded the adjusting entry to recognize $300 of insurance expense. f. Received $1,600 cash for services to be performed at a later date. g. Purchased land for $9,000 cash. h. Purchased supplies for $350 cash. Required Record each of the above transactions in general journal form and then show...
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Comprehensive Accounting Cycle Review 5-02 (Part Level Submission) On November 1, 2022, Marin had the following account balances. The company uses the perpetual inventory method. Cash Accounts Receivable Supplies Equipment Debit $27,000 6,720 2,580 75,000 $111,300 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Credit $3,000 10,200 12,000 5,100 60,000 21,000 $111,300 During November, the following summary transactions were completed. Nov. 8 10 11 12 15 19 20 22 25 27 28 29...
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Х Data Table Cash 111 Accounts payable 211 Oct 1 5,000 Oct 1 2,100 Accounts receivable 112 Notes payable 212 Oct 1 3,300 Oct 1 15,000 Print Done Data Table - 113 Common stock 311 Supplies 700 Oct 1 Oct 1 33,400 114 Service revenue 411 Building 40,000 Oct 1 Oct 1 2,100 Office furniture 116 Rent expense 511 Oct 1 2,900 Oct 1 700 Print Done Requirements - X 1. Journalize the transactions for the month of October. Explanations...
PLUSWeygandt, Financial Accounting, 10e ESOURCES Brief Exercise 2-8 Selected journal entries for the Nikolal Company are presented below. e 2-2 31 Date Account Titles and ExplanationRef. Debit Credit May 5 Accounts Recelvable Service Revenue e 2-6 5,000 5,000 (Billed for services performed) 12 Cash 2,100 e 2-10 Accounts Receivable 2,100 (Received cash in payment of account) 15 Cash 3,200 Service Revenue 3,200 (Received cash for services performed) Post the transactions using the standard form of account. (Post entries in the...
ngenal Accounting, 2e Unread) Practice Brief Exercise 1 Your answer is partially correct. Try again Selected transactions for the Nikolai Company are presented in journal form below. Date Account Titles and Explanation Ref. Debit Credit May 5 Accounts Receivable Service Revenue 5,000 5,000 (Billed for services performed) 12 Cash 1,400 Accounts Receivable 1,400 (Received cash in payment of account) 15 Cash 3,000 Service Revenue 3,000 (Received cash for services performed) Post the transactions to T-accounts. Make one T-account for each...
For each of the following accounts, indicate the effects of a debit and a credit on the accounts and the normal balance of the account. Debit Effect Credit Effect Normal Balance 1. Accounts Payable 2. Advertising Expense 3. Service Revenue 4. Accounts Receivable 5. Owner's Capital 6. Owner's Drawings Click If you would like to Show Work for this question: Open Show Work June 1 Transactions for the Oleg Thorn Company for the month of June are presented below. Oleg...
Selected transactions from the journal of Concord Corporation,
are presented below.
Date
Account Titles and Explanation
Debit
Credit
Aug. 1
Cash
59,400
Common Stock
59,400
(Investment of
cash for stock)
10
Cash
26,730
Service Revenue
26,730
(Received cash
for services performed)
12
Equipment
49,500
Cash
7,920
Notes Payable
41,580
(Purchased
office equipment for cash and notes payable)
25
Account Receivable
15,840
Service Revenue
15,840
(Billed clients
for services performed)
31
Cash
8,712
Accounts Receivable
8,712
(Receipt of cash
on account)...
Selected transactions from the journal of Concord Corporation,
are presented below.
Date
Account Titles and Explanation
Debit
Credit
Aug. 1
Cash
59,400
Common Stock
59,400
(Investment of
cash for stock)
10
Cash
26,730
Service Revenue
26,730
(Received cash
for services performed)
12
Equipment
49,500
Cash
7,920
Notes Payable
41,580
(Purchased
office equipment for cash and notes payable)
25
Account Receivable
15,840
Service Revenue
15,840
(Billed clients
for services performed)
31
Cash
8,712
Accounts Receivable
8,712
(Receipt of cash
on account)...
Exercise 2-12 a-b The T-accounts below summarize the ledger of Negrete Landscaping Company at the end of the first month of operations. 4/1 4/12 4/29 4/30 4/7 4/4 Cash No. 101 14,000 4/15 1,300 900 4/25 1,500 400 1,000 Accounts Receivable No. 112 3,000 4/29 400 Supplies No. 126 1,800 Accounts Payable No. 201 1,500 4/4 1,800 Unearned Service Revenue No. 209 4/30 1,000 Owner's Capital No. 301 4/1 14,000 Service Revenue No. 400 4/7 3,000 4/12 900 Salaries and...
Bookmarks Window Hei Edit View History eo ed transa WileyPLUS Reture to Blackboard US Weygandt, Accounting Principles, 12 Help System Announcements (1 Unread & Practice Assignment Gradebook ORION Downloadable eTextbook Assignment TIMER RCES Question 4 Selected transactions from the journal of June Feldman, investment broker, are presented below. Date Account Titles and Explanation Ref. Debit Credit Aug. 1 Cash 5,000 Owner's Capital 5,000 (Owner's Investment of cash in business) 10 Cash 2,600 Service Revenue 2,600 (Received cash for services performed)...
a. Performed $8,200 of services on account. b. Collected $5,600 cash on accounts receivable. c. Paid $1,450 cash in advance for an insurance policy. d. Paid $400 on accounts payable. e. Recorded the adjusting entry to recognize $300 of insurance expense. f. Received $1,600 cash for services to be performed at a later date. g. Purchased land for $9,000 cash. h. Purchased supplies for $350 cash. Required Record each of the above transactions in general journal form and then show...
Comprehensive Accounting Cycle Review 5-02 (Part Level Submission) On November 1, 2022, Marin had the following account balances. The company uses the perpetual inventory method. Cash Accounts Receivable Supplies Equipment Debit $27,000 6,720 2,580 75,000 $111,300 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Credit $3,000 10,200 12,000 5,100 60,000 21,000 $111,300 During November, the following summary transactions were completed. Nov. 8 10 11 12 15 19 20 22 25 27 28 29...
Х Data Table Cash 111 Accounts payable 211 Oct 1 5,000 Oct 1 2,100 Accounts receivable 112 Notes payable 212 Oct 1 3,300 Oct 1 15,000 Print Done Data Table - 113 Common stock 311 Supplies 700 Oct 1 Oct 1 33,400 114 Service revenue 411 Building 40,000 Oct 1 Oct 1 2,100 Office furniture 116 Rent expense 511 Oct 1 2,900 Oct 1 700 Print Done Requirements - X 1. Journalize the transactions for the month of October. Explanations...