Homework Answers
| Date | Account Debited | Account Credited | Remarks |
| Jun-01 | Cash/Bank A/c | Share Capital A/c | Issue of common stock for cash |
| Jun-02 | Equipment A/c | Credit A/c | Buys equipment on account |
| Jun-03 | Prepaid Rent A/c | Cash/Bank A/c | Pays rent for June in advance |
| Jun-12 | Wil Wheaton A/c | Income A/c | Sends bill towards completion of work |
June 1:Debited (cash), Credited (common stock)
June 2: Debited (equipment), Credited (accounts payable)
June 3: Debited (rent expense), Credited (cash)
June 12: Debited (accounts receivable), Credited (service revenue)
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accounting Updates Question 3 View Policies Current Attempt in Progress Tons nces Transactions for Jayne Company...
#1 #2 View Policies Current Attempt in Progress During 2022, Blossom Company entered into the following...
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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...
View Policies Show Attempt History Current Attempt in Progress -Your answer is partially correct Transactions for...
View Policies Show Attempt History Current Attempt in Progress -Your answer is partially correct Transactions for Jayne Company for the month of June are presented below Issues common stock to investors in exchange for $5,000 cash. June 1 Buys equipment on account for $1,100. 2 Pays $740 to landlord for June rent. 3 Sends Wil Wheaton a bill for $700 after completing welding work. 12 Identify the accounts to be debited and credited for each transaction. Account Credited Account Debited...
x G During 2022, its first year of oper X assignments/3222700?module_item_id=10614353 ать популярн. Глобальные пробл... Теория...
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...
Current Attempt in Progress Transactions for Blossom Company for the month of June are presented below....
Current Attempt in Progress Transactions for Blossom Company for the month of June are presented below. June 1 Issues common stock to investors in exchange for $5,940 cash. 2 Buys equipment on account for $1,060. 3 Pays $590 to landlord for June rent. 12 Bills Wil Wheaton $810 for welding work done. Journalize the transactions. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are auto problem.) Date 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...
Transactions for Sheridan Company for the month of June are presented below. June 1 Issues common...
Transactions for Sheridan Company for the month of June are presented below. June 1 Issues common stock to investors in exchange for $5,890 cash 2 Buys equipment on account for $1.240. 3 Pays $670 to landlord for June rent. 12 Sends Wil Wheaton a bill for $880 after completing welding work Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is...
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....
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 5 View Policies Current Attempt in Progress Selected transactions for Ayayai, an interior decorator corporation,...
Question 5 View Policies Current Attempt in Progress Selected transactions for Ayayai, an interior decorator corporation, in its first month of business, are as follows. 1. Issued stock to investors for $16,500 in cash. 2. Purchased used car for $10.200 cash for use in business. 3. Purchased supplies on account for $250. 4. Billed customers $3,790 for services performed. 5. Paid $130 cash for advertising at the start of the business. 6. Received $1,770 cash from customers billed in transaction...
Transactions for Cullumber Company for the month of June are presented below. June 1 Issues common...
Transactions for Cullumber Company for the month of June are presented below. June 1 Issues common stock to investors in exchange for $5,330 cash. 2 Buys equipment on account for $1,660. 3 Pays $890 to landlord for June rent. 12 Bills Wil Wheaton $600 for welding work done. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do...
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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...
View Policies Show Attempt History Current Attempt in Progress -Your answer is partially correct Transactions for Jayne Company for the month of June are presented below Issues common stock to investors in exchange for $5,000 cash. June 1 Buys equipment on account for $1,100. 2 Pays $740 to landlord for June rent. 3 Sends Wil Wheaton a bill for $700 after completing welding work. 12 Identify the accounts to be debited and credited for each transaction. Account Credited Account Debited...
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...
Current Attempt in Progress Transactions for Blossom Company for the month of June are presented below. June 1 Issues common stock to investors in exchange for $5,940 cash. 2 Buys equipment on account for $1,060. 3 Pays $590 to landlord for June rent. 12 Bills Wil Wheaton $810 for welding work done. Journalize the transactions. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are auto problem.) Date Account...
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...
Transactions for Sheridan Company for the month of June are presented below. June 1 Issues common stock to investors in exchange for $5,890 cash 2 Buys equipment on account for $1.240. 3 Pays $670 to landlord for June rent. 12 Sends Wil Wheaton a bill for $880 after completing welding work Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is...
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....
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 5 View Policies Current Attempt in Progress Selected transactions for Ayayai, an interior decorator corporation, in its first month of business, are as follows. 1. Issued stock to investors for $16,500 in cash. 2. Purchased used car for $10.200 cash for use in business. 3. Purchased supplies on account for $250. 4. Billed customers $3,790 for services performed. 5. Paid $130 cash for advertising at the start of the business. 6. Received $1,770 cash from customers billed in transaction...
Transactions for Cullumber Company for the month of June are presented below. June 1 Issues common stock to investors in exchange for $5,330 cash. 2 Buys equipment on account for $1,660. 3 Pays $890 to landlord for June rent. 12 Bills Wil Wheaton $600 for welding work done. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do...
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