Homework Answers
| A | Cash | 10,000 | |
| Computer equipment | 15,000 | ||
| Rowdy Bolton, capital | 25,000 | ||
| 2 | Prepaid insurance | 500 | |
| Cash | 500 | ||
| 3 | Cash | 1,000 | |
| Service Revenue | 1,000 | ||
| 4 | Office supplies | 200 | |
| Cash | 200 | ||
| 5 | Rent expense | 2,000 | |
| Cash | 2,000 | ||
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45. Rowdy Bolton began Bolton Office Services in October and during that month completed these transactions...
Exercise 3 (5 points) Brahim began Brahim Office Services in October and during that month completed...
Exercise 3 (5 points) Brahim began Brahim Office Services in October and during that month completed these transactions: a. Invested KD 10,000 cash, and KD 15.000 of computer equipment b. Paid KD 500 cash for an insurance premium covering the next 12 months C. Completed a word processing assignment for a customer and collected KD 100 cash. d. Paid KD 100 cash for office supplies. e. Paid KD200 for October's rent. Prepare journal entries to record the above transactions. Cash...
A company completed the following transactions during the month of October: I. Purchased office supplies on...
A company completed the following transactions during the month of October: I. Purchased office supplies on account, $ 4 comma 400$4,400. II. Provided services for cash, $ 20 comma 000$20,000. III. Provided services on account, $ 15 comma 000$15,000. IV. Collected cash from a customer on account, $ 8 comma 200$8,200. V. Paid the monthly rent of $ 14 comma 000$14,000. What was the company's net income for the month?
A company completed the following transactions during the month of October: I. Purchased office supplies on...
A company completed the following transactions during the month of October: I. Purchased office supplies on account,$5,800. II. Provided services for cash,$22,000. III. Provided services on account,$33,000. IV. Collected cash from a customer on account,$28,000. V. Paid the monthly rent of $4,800. What was the company's total revenue for the month? A.$33,000 B.$83,000 C.$22,000 D.$55,000
A company completed the following transactions during the month of October: I. Purchased office supplies on...
A company completed the following transactions during the month of October: I. Purchased office supplies on account,$5,800. II. Provided services for cash,$25,000. III. Provided services on account,$17,000. IV. Collected cash from a customer on account,$7,800. V. Paid the monthly rent of $13,000. What was the company's net income for the month? A. $29,000 B. $55,000 C. $42,000 D. $17,000
A company completed the following transactions during the month of October: I. Purchased office supplies on...
A company completed the following transactions during the month of October: I. Purchased office supplies on account, $ 5 comma 000. II. Provided services for cash, $ 25 comma 000. III. Provided services on account, $ 32 comma 000. IV. Collected cash from a customer on account, $ 30 comma 000. V. Paid the monthly rent of $ 3 comma 400. What was the company's total revenue for the month?
company completed the following transactions during the month of October: I. Purchased office supplies on account,...
company completed the following transactions during the month of October: I. Purchased office supplies on account, $ 4 comma 000$4,000. II. Provided services for cash, $ 21 comma 000$21,000. III. Provided services on account, $ 33 comma 000$33,000. IV. Collected cash from a customer on account, $ 31 comma 000$31,000. V. Paid the monthly rent of $ 4 comma 400$4,400. What was the company's total revenue for the month?.
This Question: 3 pts A company completed the following transactions during the month of October 1....
This Question: 3 pts A company completed the following transactions during the month of October 1. Purchased office supplies on account, $5,200. IL Provided services for cash, $23,000. III. Provided services on account, $16,000 IV. Collected cash from a customer on account, $7.400. V. Paid the monthly rent of $16,000. What was the company's net income for the month? O A. $23,000 O B. $39,000 O C. $55,000 OD. $16,000 Click to select your answer. O Type here to search...
Miller Delivery Service completed the following transactions during December 2016: (Click the icon to view the...
Miller Delivery Service completed the following transactions during December 2016: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record each transaction in the journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Dec 1: Miller Delivery Service began operations by receiving $10,000 cash and a truck with a fair value of $20,000 from Robert Miller. The business issued Miller shares of common stock in exchange for this contribu Date Accounts...
transactions for Tom Petty Company for the month of October are presene y for the month...
transactions for Tom Petty Company for the month of October are presene y for the month of October are presented below. in by number. You may omit haze each transaction and identify ench transaction by number. You may journal explanations. 1. Invested $40,000 cash in the business in exchange for stock. 2. Purchased land costing $28,000 for cash. 3. Purchased equipment costing $15,000 for $3.000 cash and the remainder on crcdit. 4. Purchased supplies on account for $800. 5. Paid...
everC Construction began operations in March and completed the following transactions during that first month of...
everC Construction began operations in March and completed the following transactions during that first month of operations. SeverCo's stockholders invested $30,000 cash in the company The company purchased $25,000 in construction equipment. It paid $5,000 in cash and signed a note payable promising to pay the $20,000 over the next three years. The company rented office space and paid $1,000 cash for the March rent. The company bought office supplies in the amount of $750 for use over the next...
Exercise 3 (5 points) Brahim began Brahim Office Services in October and during that month completed these transactions: a. Invested KD 10,000 cash, and KD 15.000 of computer equipment b. Paid KD 500 cash for an insurance premium covering the next 12 months C. Completed a word processing assignment for a customer and collected KD 100 cash. d. Paid KD 100 cash for office supplies. e. Paid KD200 for October's rent. Prepare journal entries to record the above transactions. Cash...
This Question: 3 pts A company completed the following transactions during the month of October 1. Purchased office supplies on account, $5,200. IL Provided services for cash, $23,000. III. Provided services on account, $16,000 IV. Collected cash from a customer on account, $7.400. V. Paid the monthly rent of $16,000. What was the company's net income for the month? O A. $23,000 O B. $39,000 O C. $55,000 OD. $16,000 Click to select your answer. O Type here to search...
Miller Delivery Service completed the following transactions during December 2016: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record each transaction in the journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Dec 1: Miller Delivery Service began operations by receiving $10,000 cash and a truck with a fair value of $20,000 from Robert Miller. The business issued Miller shares of common stock in exchange for this contribu Date Accounts...
transactions for Tom Petty Company for the month of October are presene y for the month of October are presented below. in by number. You may omit haze each transaction and identify ench transaction by number. You may journal explanations. 1. Invested $40,000 cash in the business in exchange for stock. 2. Purchased land costing $28,000 for cash. 3. Purchased equipment costing $15,000 for $3.000 cash and the remainder on crcdit. 4. Purchased supplies on account for $800. 5. Paid...
everC Construction began operations in March and completed the following transactions during that first month of operations. SeverCo's stockholders invested $30,000 cash in the company The company purchased $25,000 in construction equipment. It paid $5,000 in cash and signed a note payable promising to pay the $20,000 over the next three years. The company rented office space and paid $1,000 cash for the March rent. The company bought office supplies in the amount of $750 for use over the next...
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