Question: Journalize the January transactions. (Round answers to 0 decimal places, e.g. 125.)
Homework Answers
| Answer | |||
| Journal Entries | |||
| Date | Account Titles | Debit | Credit |
| Jan | |||
| 5 | Cash | 19153 | |
| Sales Revenue | 17900 | ||
| Sales Tax payable | 1253 | ||
| 12 | Unearned Service Revenue | 10150 | |
| Service Revenue | 10150 | ||
| 14 | Sales Taxes Payable | 7570 | |
| Cash | 7570 | ||
| 20 | Accounts Receivable | 33662 | |
| Sales Revenue | 31460 | ||
| Sales Tax payable | 2202 | ||
| 21 | Cash | 15750 | |
| 4-month 5% Note payable | 15750 | ||
| 25 | Cash | 13055 | |
| Sales Revenue | 12200 | ||
| Sales Tax payable | 855 | ||
| Adjusting Entries: | |||
| 31 | Interest expense | 79 | |
| Interest payable | 79 | ||
| (To record the interest on outstanding notes payable) | |||
| (15750*6%*1/12) | |||
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Question: Journalize the January transactions.
(Round answers to 0 decimal places, e.g.
125.)
On January 1,...
Problem 10-1A (Part Level Submission) On January 1, 2017, the ledger of Riverbed Ltd. contains the...
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p11-1a problems a,b,c
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On January 1, 2020, the ledger of Coronado Company contains the following liability accounts. Accounts Payable...
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just part (b) please
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Problem 10-1A On January 1, 2019, the ledger of Skysong, Inc. contains the following liability accounts. Accounts Payable $56,400 Sales Taxes Payable 8,200 Unearned Service Revenue 16,000 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $20.520, which includes 8% sales taxes. 12 Performed services for customers who had made advance payments of $11,000. (Credit Servies Revenue.) 14 Paid state revenue department for sales taxes collected in December 2018 (58.200). 20 Sold 940 units of...
Problem 4. On January 1, 2018, the ledger of Softshoe Company contains the following liability section. Accounts Payable $30,000 Sales Taxes Payable 5,000 Uneared Service Revenue 12,000 During January the following selected transactions occurred. Jan. 1 Borrowed $20,000 in cash from Platteville Bank on a 4-month, 6%, $20,000 note. Jan. 5 Sold merchandise for cash totaling $9,752, which includes 6% sales taxes. Jan. 12 Provided services for customers who had made advance payments of $8,000. (Credit Service Revenue.) Jan. 14...
Problem 11-01A a-c (Video) On January 1, 2020, the ledger of Sunland Company contains the following liability accounts Accounts Payable Sales Taxes Payable Unearned Service Revenue $56,500 7,900 15,500 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 12 Performed services for customers who had made advance payments of $11,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2019 ($7,900), 20 Sold 900...
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