Homework Answers
Wilson John runs a departmental store. In the month of January, Wilson noted that a debit memo for an NSF check for $190 from K.S. smith was not recorded.
The following journal entries records the NSF check in Wilson's general Journal:
Debit accounts receivable accounts for $190 and credit cash account for $190.
Correct option is b.
When a check is returned on NSF, it has the following effects:
- Accounts receivable increase since the payment was not realized from customer.
- Cash balance decrease.
Kindly comment if you need further assistance.
Thanks‼!
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W ones Journal entries a det or a ret the month of Jan check n eral...
Select the location of each item that would be found on a bank reconciliation. Assume that the checks written by...
Select the location of each item that would be found on a bank reconciliation. Assume that the checks written by the company are written correctly. A deposit in transit [Choose ] A NSF check received from a customer Choose] A check-printing charge [Choose) A deposit for $175 listed incorrectly on the bank state as $157 [Choose) A check written for $36.60 and recorded incorrectly in the checkboot as $360.30 [Choose An outstanding check Choose) A check written for $63.54 and...
Saveu Help Save The financial statements are automatically generated based on the journal entries recorded. Jan....
Saveu Help Save The financial statements are automatically generated based on the journal entries recorded. Jan. 1 Jeffrey Wilson, owner, invested $121,750 cash in the company in exchange for common stock. he company purchased office supplies for $1,950 cash. Jan. 3 The company purchased $16,050 of office equipment on credit. Jan. 4 The company received $16,900 cash as fees for services provided to a customer. Jan. 5 The company paid $16,050 cash to settle the payable for the office equipment...
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A Journal Entries for Month of January 2019 2 Date Accounts Amount De Amount Credit 1-Jan Office Fixtures and Equip 20000 Cash 10000 Note Payable 10000 65000 2-Jan Cash Contributed Capital 65000 5-Jan Cash Accounts Receivable Service Revenue 10000 65000 mmmNm 75000 25000 8-Jan Cash Accounts Receivable 25000 2000 10-Jan Office Supplies Accounts Payable 2000 0 12000 15-Jan Medical Instrument Cash 12000 3 2000 20-Jan Insurance Expense Accounts Payable 2000 6 26-Jan Income Tax Expense Cash 5000 5000 9 7000...
exercise 7-13 Check Det Revenue 838 Refer to the information in Exercise 7-11 and prepare the journal entries for th...
exercise 7-13
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The first two pictures include the journal which is all correct. I need to complete the...
The first two pictures include the journal which is all
correct. I need to complete the Ledger and the Unadjusted Trial
Balance. Information with the Check sign on them are all
correct.
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i want question l to s . the ones for adjusting journal entries on december 31 2 MIX Inc. is a service business incorpo...
i want question l to s . the ones for adjusting journal entries
on december 31
2 MIX Inc. is a service business incorporated on January, 2018 to provide personal training for athletes aspiring to play college sports. The following is a simplified list of accounts and amounts reported in its accounting records at the beginning of its second quarter of operations on April 1, 2018(the amounts are in thousands of dollars). The accounts have normal debit or credit balances....
Internal Cod Learning Objective PS-27A Preparing a bank reconciliation and journal entries The Decembarcach w Duben...
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what is incomplete? EL UNWUJUVEL TRONO Rele completion Return to question 0.15 points Prepare journal entries...
what is incomplete?
EL UNWUJUVEL TRONO Rele completion Return to question 0.15 points Prepare journal entries for each transaction and identify the financial statement impact of each entry The financial statements are automatically generated based on the journal entries recorded. Jan. 1 Kacy Spade, owner, invested $100,750 cash in the company in exchange for common stock Jan. 2 The company purchased office supplies for $1.250 cash. Jan. 3 The company purchased $10.050 of office equipment on credit. Jan. 4 The...
Please provide the journal entries for this. Thanks Knowledge Check 01 On January 1, Year 1,...
Please provide the journal entries for this. Thanks
Knowledge Check 01 On January 1, Year 1, McClurg Corporation issues 5%, 11-year bonds with a face amount of $70,000 for $76,180. The market interest rate is 4%. Interest is paid semiannually on June 30 and December 31. Complete the necessary journal entry for the issuance of the bonds by selecting the account names from the drop-down menus and entering the associated dollar amounts. (If no entry is required for a particular...
These are the journal entries to the accounts in the general ledgar. I am having trouble...
These are the journal entries
to the accounts in the general ledgar. I am having trouble on how
to make a trial balance. It has 12 columns to fill in data with
account type and the amount that each account type has but I can
not figure the pieces out.
28 N o Q H K M notes payable Date Explanation Ref Debit Credit Balance 4-Sep equipment 20000 20000 common stock Date Explanation Ref Debit Credit Balance 1-Sep cash 25000...
Select the location of each item that would be found on a bank reconciliation. Assume that the checks written by the company are written correctly. A deposit in transit [Choose ] A NSF check received from a customer Choose] A check-printing charge [Choose) A deposit for $175 listed incorrectly on the bank state as $157 [Choose) A check written for $36.60 and recorded incorrectly in the checkboot as $360.30 [Choose An outstanding check Choose) A check written for $63.54 and...
Saveu Help Save The financial statements are automatically generated based on the journal entries recorded. Jan. 1 Jeffrey Wilson, owner, invested $121,750 cash in the company in exchange for common stock. he company purchased office supplies for $1,950 cash. Jan. 3 The company purchased $16,050 of office equipment on credit. Jan. 4 The company received $16,900 cash as fees for services provided to a customer. Jan. 5 The company paid $16,050 cash to settle the payable for the office equipment...
A Journal Entries for Month of January 2019 2 Date Accounts Amount De Amount Credit 1-Jan Office Fixtures and Equip 20000 Cash 10000 Note Payable 10000 65000 2-Jan Cash Contributed Capital 65000 5-Jan Cash Accounts Receivable Service Revenue 10000 65000 mmmNm 75000 25000 8-Jan Cash Accounts Receivable 25000 2000 10-Jan Office Supplies Accounts Payable 2000 0 12000 15-Jan Medical Instrument Cash 12000 3 2000 20-Jan Insurance Expense Accounts Payable 2000 6 26-Jan Income Tax Expense Cash 5000 5000 9 7000...
exercise 7-13
Check Det Revenue 838 Refer to the information in Exercise 7-11 and prepare the journal entries for the following selected trans actions of Danica Company for 2017 Exercise 7-12 Notes receivable transactions P4 2017 Check Tart a Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $5.000, 10%, 90-day note dated March 3 in granting a time extension on the past due account receivable of Tomas Company 17...
The first two pictures include the journal which is all
correct. I need to complete the Ledger and the Unadjusted Trial
Balance. Information with the Check sign on them are all
correct.
-signment 2-Homework eBook Calculator Calculator JOURNAL Score: 434/434 ACCOUNTING EQUATION DATE DESCRIPTION DEB.IT CREDIT ASSETS LIABILITIES POST. REF. 52 EQUITY ! 6,000.00 11 6,000.00 1 Apr. 1 Rent Expense Cash Apr. 2 Office Supplies Accounts Payable Apt. S' Prepaid Insurance 14 2,400.00 1 21 2.400.00 13 6,300.00 Cash...
i want question l to s . the ones for adjusting journal entries
on december 31
2 MIX Inc. is a service business incorporated on January, 2018 to provide personal training for athletes aspiring to play college sports. The following is a simplified list of accounts and amounts reported in its accounting records at the beginning of its second quarter of operations on April 1, 2018(the amounts are in thousands of dollars). The accounts have normal debit or credit balances....
Internal Cod Learning Objective PS-27A Preparing a bank reconciliation and journal entries The Decembarcach w Duben ce for 1. Adjusted Balance $18.00 Cash Receipts Cash Payments Date Cash Debit Check No Cash Credit Dec 4 $4200 $310 500 1418 1.900 1419 1420 Davidson Cash account shows a balance of $17,450 at December 31. On December 31. Davidson Insurance received the following bank stanement $ 14,100 Bank Statement for December Beginning Balance Deposits and other Credits De 1 EFT 350 Der...
what is incomplete?
EL UNWUJUVEL TRONO Rele completion Return to question 0.15 points Prepare journal entries for each transaction and identify the financial statement impact of each entry The financial statements are automatically generated based on the journal entries recorded. Jan. 1 Kacy Spade, owner, invested $100,750 cash in the company in exchange for common stock Jan. 2 The company purchased office supplies for $1.250 cash. Jan. 3 The company purchased $10.050 of office equipment on credit. Jan. 4 The...
Please provide the journal entries for this. Thanks
Knowledge Check 01 On January 1, Year 1, McClurg Corporation issues 5%, 11-year bonds with a face amount of $70,000 for $76,180. The market interest rate is 4%. Interest is paid semiannually on June 30 and December 31. Complete the necessary journal entry for the issuance of the bonds by selecting the account names from the drop-down menus and entering the associated dollar amounts. (If no entry is required for a particular...
These are the journal entries
to the accounts in the general ledgar. I am having trouble on how
to make a trial balance. It has 12 columns to fill in data with
account type and the amount that each account type has but I can
not figure the pieces out.
28 N o Q H K M notes payable Date Explanation Ref Debit Credit Balance 4-Sep equipment 20000 20000 common stock Date Explanation Ref Debit Credit Balance 1-Sep cash 25000...
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