Homework Answers
IMET 2-2:
| June 1: | Debit cash account; Credit George Lynch capital |
| June 2: | Debit equipment account; and credit accounts payable account |
| June 3: | Debit rent expense account; and credit cash account |
| June 12: | Debit accounts receivable account; and credit service revenue account |
IMET 2-3:
| Date | Account title and explanation | Debit | Credit |
| June 1 | Cash | 5,000 | |
| George Lynch, Capital | 5,000 | ||
| June 2 | Equipment | 2100 | |
| Accounts payable | 2100 | ||
| June 3 | Rent expense | 800 | |
| Cash | 800 | ||
| June 12 | Accounts receivable | 300 | |
| Service revenue | 300 |
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IMET 2-3 Using the data in IMET2-2, journalize the transactions. (You may omit explanations.) IMET 2-2...
i need help with BE2-3 6. Owner's Drawings. BEZ-2 Transactions for the Tage Oslo Company for...
i need help with BE2-3
6. Owner's Drawings. BEZ-2 Transactions for the Tage Oslo Company for the month of June are presented below. Identify the accounts to be debited and credited for each transaction. June 1 Tage Oslo invests $5,000 cash in a small welding business of which he is the sole proprietor. 2 Purchases equipment on account for $2,400. 3 $800 cash is paid to landlord for June rent. 12 Sends a bill to J. Kronsnoble for $300 for...
Brief Exercise 2-02 Transactions for the Oleg Thorn Company for the month of June are presented...
Brief Exercise 2-02 Transactions for the Oleg Thorn Company for the month of June are presented below. June 1 Oleg Thorn invests $5,000 cash in a small welding business of which he is the sole proprietor. 2 3 12 Purchases equipment on account for $3,600. $800 cash is paid to landlord for June rent. Sends a bill to K. Johnsen for $400 after completing welding work done on account. Identify the accounts to be debited and credited for each transaction....
Identify accounts to be debited and credited.Transactions for the Oleg Thorn Company for the month of...
Identify accounts to be debited and credited.Transactions for the Oleg Thorn Company for the month of June are presented below. Identify the accounts to be debited and credited for each transaction.June 1: Oleg Thorn invests $5,000 cash in a small welding business of which he is the sole proprietor.June 2: Purchases equipment on account for $3,600.June 3: $800 cash is paid to landlord for June rent.June 12: Sends a bill to K. Johnsen for $400 after completing welding work done...
For each of the following accounts, indicate the effects of a debit and a credit on...
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Transactions for the Sheldon Cooper Company, which provides welding services, for the month of June are...
Transactions for the Sheldon Cooper Company, which provides welding services, for the month of June are presented below. Sheldon Cooper invests $4,000 cash in exchange for shares of common stock in a small welding business. Purchases equipment on account for $1.200. 3 $800 cash is paid to landlord for June rent. Bills P. Leonard $300 after completing welding work done on account June 1 2 12 Identify the accounts to be debited and credited for each transaction. Account Debited Account...
Question 16 of 18 -76 View Policies Current Attempt in Progress Transactions for the Oleg Thorn...
Question 16 of 18 -76 View Policies Current Attempt in Progress Transactions for the Oleg Thorn Company for the month of June are presented below. June 1 2 3 12 Oleg Thorn invests $4.500 cash in a small welding business of which he is the sole proprietor Purchases equipment on account for $3.100. 5830 cash is paid to landlord for June rent Sends a bill to Johnsen for $300 after completing welding work done on account Journalize the transactions. (Credit...
#1 #2 View Policies Current Attempt in Progress During 2022, Blossom Company entered into the following...
#1
#2
View Policies Current Attempt in Progress During 2022, Blossom Company entered into the following transactions. 1. 2. Purchased equipment for $323,340 cash. Issued common stock to investors for $139,300 cash. Purchased inventory of $71,720 on account. 3. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the...
x G During 2022, its first year of oper X assignments/3222700?module_item_id=10614353 ать популярн. Глобальные пробл... Теория...
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Journalize the following business transactions in general journal form. Identify each transaction by number. You may...
Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions. (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.) 1. 2. 3. 4. 5. The owner, Mai Li, invests $40,000 in cash in starting a real estate office operating as a sole proprietorship. Purchased $500 of...
i need help with BE2-3
6. Owner's Drawings. BEZ-2 Transactions for the Tage Oslo Company for the month of June are presented below. Identify the accounts to be debited and credited for each transaction. June 1 Tage Oslo invests $5,000 cash in a small welding business of which he is the sole proprietor. 2 Purchases equipment on account for $2,400. 3 $800 cash is paid to landlord for June rent. 12 Sends a bill to J. Kronsnoble for $300 for...
Brief Exercise 2-02 Transactions for the Oleg Thorn Company for the month of June are presented below. June 1 Oleg Thorn invests $5,000 cash in a small welding business of which he is the sole proprietor. 2 3 12 Purchases equipment on account for $3,600. $800 cash is paid to landlord for June rent. Sends a bill to K. Johnsen for $400 after completing welding work done on account. Identify the accounts to be debited and credited for each transaction....
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...
accounting Updates Question 3 View Policies Current Attempt in Progress Tons nces Transactions for Jayne Company for the month of June are presented below. ations US Support June 1 Issues common stock to investors in exchange for $5,000 cash. 2 Buys equipment on account for $1,100. 3 Pays $740 to landlord for June rent. 12 Sends Wil Wheaton a bill for $700 after completing welding work Identify the accounts to be debited and credited for each transaction. Account Debited Account...
Transactions for the Sheldon Cooper Company, which provides welding services, for the month of June are presented below. Sheldon Cooper invests $4,000 cash in exchange for shares of common stock in a small welding business. Purchases equipment on account for $1.200. 3 $800 cash is paid to landlord for June rent. Bills P. Leonard $300 after completing welding work done on account June 1 2 12 Identify the accounts to be debited and credited for each transaction. Account Debited Account...
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#1
#2
View Policies Current Attempt in Progress During 2022, Blossom Company entered into the following transactions. 1. 2. Purchased equipment for $323,340 cash. Issued common stock to investors for $139,300 cash. Purchased inventory of $71,720 on account. 3. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the...
x G During 2022, its first year of oper X assignments/3222700?module_item_id=10614353 ать популярн. Глобальные пробл... Теория политичес.. Авиабилеты в глобализация на Current Attempt in Progress Transactions for Jayne Company for the month of June are presented below. June 1 Issues common stock to investors in exchange for $5,000 cash. 2 Buys equipment on account for $1,100. 3 Pays $740 to landlord for June rent. 12 Sends Wil Wheaton a bill for $700 after completing welding work. Identify the accounts to...
Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions. (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.) 1. 2. 3. 4. 5. The owner, Mai Li, invests $40,000 in cash in starting a real estate office operating as a sole proprietorship. Purchased $500 of...
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