Homework Answers
A)
| DATE | ACCOUNT TITLE | DEBIT | CREDIT |
| 30NOV | Accounts receivable | 33300 | |
| service revenue | 33300 |
B)
|
INCOME STATEMENT BOAT YARD INC. FOR THE MONTH ENDED NOVEMBER 30 2018 |
|
| Service revenue | 33300 |
| less:Expenses | |
| Advertising expense | 2400 |
| Supplies used | 18900 |
| wage expense | 4000 |
| Total expenses | (25300) |
| Net operating income | 8000 |
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Homework#12-ACCRUED REVENUES-COMPREHENSIVE QUESTION: Boat Yard Inc. repairs, cleans, and stores boats for customers. They are preparing...
Johnson's Boat Yard, Inc., repairs, stores, and cleans boats for customers. It is completing the accounting process...
Johnson's Boat Yard, Inc., repairs, stores, and cleans boats for customers. It is completing the accounting process for the year just ended on November 30. The transactions for the past year have been journalized and posted. The following data with respect to adjusting entries at year-end are available a Johnson's winterized (cleaned and covered) three boats for customers at the end of November but did not record the service for $3,400. b. On October 1, Johnson's paid $1,680 to the...
Please help! Exercise 10! Exercise#10-PREPAID EXPENSES: Darting Inc. P on January 1, 2018. The user Instructions:...
Please help! Exercise 10!
Exercise#10-PREPAID EXPENSES: Darting Inc. P on January 1, 2018. The user Instructions: A. Record the journal entry for the B. What is the adjusting entry to uary 1, 2018. The useful life of the computer system is 5 years ENSES: Darting Inc. purchased a computer system for $7,200 une journal entry for the purchase of the asset - Equipment - Computer. the adjusting entry to record the January 31 monthly depreciation expense using the straight-line method...
Question 14 Johnson’s boat Yard, Inc, repairs, store, and cleans boats for customers. It is completing...
Question 14 Johnson’s boat Yard, Inc, repairs, store, and cleans boats for customers. It is completing the accounting process for the year just ended on November 30. The transaction for the past year have been journalized and posted. The following data will respect to adjusting entries at year-end are available. Johnson’s winterized (clean and covered) three boats for customers at the end of November but did not record the service for $3,300. On Oct 1, Johnson’s paid $2,200 to the...
Question 14 Johnson’s boat Yard, Inc, repairs, store, and cleans boats for customers. It is completing...
Question 14 Johnson’s boat Yard, Inc, repairs, store, and cleans boats for customers. It is completing the accounting process for the year just ended on November 30. The transaction for the past year have been journalized and posted. The following data will respect to adjusting entries at year-end are available. a. Johnson’s winterized (clean and covered) three boats for customers at the end of November but did not record the service for $3,300. b. On Oct 1, Johnson’s paid $2,200...
John's Bout Yard, Inc. repairs, stores, and chans boats for customers. It is completing the accounting...
John's Bout Yard, Inc. repairs, stores, and chans boats for customers. It is completing the accounting process for the year just ended on November 30. The transactions for the past you have been jumalized and posted. The following data with respect to adjusting entries at year-end are available a. John's Winterized (cleaned and covered) three boats for customers at the end of November, but did not record the service for $4.500. b. on October 1, John's paid $1,320 to the...
Part VI. Effects of Adjusting Entries (9 points) Yarde's Boat Yard, Inc. repairs, stores, and cleans...
Part VI. Effects of Adjusting Entries (9 points) Yarde's Boat Yard, Inc. repairs, stores, and cleans boats for its customers. Faith had the following adjusting entries she needed to record on 12/31/20. Faith had cleaned and covered three boats for customers in December, but had not invoiced the customers and has not been paid for the work, $2,700. She prepared the following entry on 12/31/20: Debit: Accounts Receivable $2,700 and Credit: Service Revenues $2,700. b. Faith used boat-lifting equipment with...
Required information (The following information applies to the questions displayed below.] Johnson's Boat Yard, Inc., repairs,...
Required information (The following information applies to the questions displayed below.] Johnson's Boat Yard, Inc., repairs, stores, and cleans boats for customers. It is completing the accounting process for the year just ended on November 30. The transactions for the past year have been journalized and posted. The following data with respect to adjusting entries at year-end are available: a. Johnson's winterized (cleaned and covered) three boats for customers at the end of November but did not record the service...
Required Information The following information applies to the questions displayed below) Johnson's Boat Yard, Inc., repairs,...
Required Information The following information applies to the questions displayed below) Johnson's Boat Yard, Inc., repairs, stores, and cleans boats for customers. It is completing the accounting process for the year just ended on November 30. The transactions for the past year have been journalized and posted. The following data with respect to adjusting entries at year-end are available: a. Johnson's winterized (cleaned and covered) three boats for customers at the end of November but did not record the service...
Journal entry worksheet < 1 2 3 4 5 6 7 Johnson's used boat-lifting equipment that...
Journal entry worksheet < 1 2 3 4 5 6 7 Johnson's used boat-lifting equipment that cost $180,000; $18,000 was the estimated depreciation for current year. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 Boat repair supplies on hand at the beginning of the current year totaled $18,900. Repair supplies purchased and debited to Supplies during the year amounted to $45,200....
Johnson's Boat Yard, Inc., repairs, stores, and cleans boats for customers. It is completing the accounting process for the year just ended on November 30. The transactions for the past year have been journalized and posted. The following data with respect to adjusting entries at year-end are available a Johnson's winterized (cleaned and covered) three boats for customers at the end of November but did not record the service for $3,400. b. On October 1, Johnson's paid $1,680 to the...
Please help! Exercise 10!
Exercise#10-PREPAID EXPENSES: Darting Inc. P on January 1, 2018. The user Instructions: A. Record the journal entry for the B. What is the adjusting entry to uary 1, 2018. The useful life of the computer system is 5 years ENSES: Darting Inc. purchased a computer system for $7,200 une journal entry for the purchase of the asset - Equipment - Computer. the adjusting entry to record the January 31 monthly depreciation expense using the straight-line method...
John's Bout Yard, Inc. repairs, stores, and chans boats for customers. It is completing the accounting process for the year just ended on November 30. The transactions for the past you have been jumalized and posted. The following data with respect to adjusting entries at year-end are available a. John's Winterized (cleaned and covered) three boats for customers at the end of November, but did not record the service for $4.500. b. on October 1, John's paid $1,320 to the...
Part VI. Effects of Adjusting Entries (9 points) Yarde's Boat Yard, Inc. repairs, stores, and cleans boats for its customers. Faith had the following adjusting entries she needed to record on 12/31/20. Faith had cleaned and covered three boats for customers in December, but had not invoiced the customers and has not been paid for the work, $2,700. She prepared the following entry on 12/31/20: Debit: Accounts Receivable $2,700 and Credit: Service Revenues $2,700. b. Faith used boat-lifting equipment with...
Required information (The following information applies to the questions displayed below.] Johnson's Boat Yard, Inc., repairs, stores, and cleans boats for customers. It is completing the accounting process for the year just ended on November 30. The transactions for the past year have been journalized and posted. The following data with respect to adjusting entries at year-end are available: a. Johnson's winterized (cleaned and covered) three boats for customers at the end of November but did not record the service...
Required Information The following information applies to the questions displayed below) Johnson's Boat Yard, Inc., repairs, stores, and cleans boats for customers. It is completing the accounting process for the year just ended on November 30. The transactions for the past year have been journalized and posted. The following data with respect to adjusting entries at year-end are available: a. Johnson's winterized (cleaned and covered) three boats for customers at the end of November but did not record the service...
Journal entry worksheet < 1 2 3 4 5 6 7 Johnson's used boat-lifting equipment that cost $180,000; $18,000 was the estimated depreciation for current year. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 Boat repair supplies on hand at the beginning of the current year totaled $18,900. Repair supplies purchased and debited to Supplies during the year amounted to $45,200....
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