Homework Answers
| Cash Account | |||
| Receipts | Amount | Payments | Amount |
| No Details | 13,000 | No Details | 8,200 |
| No Details | 4,400 | No Details | 1,900 |
| No Details | 3,500 | No Details | 5,500 |
| Office Supplies | 600 | ||
| Rent | 800 | ||
| By Closing Balance | 3,900 | ||
| Total | 20,900 | Total | 20,900 |
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The following transactions occur for the Panther Detective Agency during the month of July: 1. Purchase...
The following transactions occur for the Panther Detective Agency during the month of July: a. Purchase...
The following transactions occur for the Panther Detective Agency during the month of July: a. Purchase a truck and sign a note payable, $14,100. b. Purchase office supplies for cash, $510. c. Pay $710 in rent for the current month. Record the transactions. The company uses the following accounts: Cash, Supplies, Equipment (for the truck), Notes Payable, and Rent Expense. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction...
On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were completed during the month
P1.1A (LO 3, 4) On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were completed during the month. 1. Invested $15,000 cash to start the agency. 2. Paid $600 cash for April office rent. 3. Purchased equipment for $3,000 cash. 4. Incurred $700 of advertising costs in the Chicago Tribune, on account. 5. Paid $900 cash for office supplies. 6. Performed services worth $10,000: $3,000 cash is received from customers, and the balance of $7,000 is billed to customers on account. 7. Withdrew $600...
On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the...
On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the month. 1. 2. 4. 5. 6. 7. 8. 9. 10. Invested $16,000 cash to start the agency. Paid $600 cash for April office rent. Purchased equipment for $2,800 cash. Incurred $800 of advertising costs in the Chicago Tribune, on account. Paid $800 cash for office supplies. Performed services worth $11,000: $2,600 cash is received from customers, and the balance of $8,400 is billed to...
Anya Clark opened Anya’s Cleaning Service on July 1, 2017. During July, the following transactions were...
Anya Clark opened Anya’s Cleaning Service on July 1, 2017. During July, the following transactions were completed. July 1 Anya invested $20,000 cash in the business. 1 Purchased used truck for $9,000, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $1,900 on account. 5 Paid $1,800 cash on 1-year insurance policy effective July 1. 12 Billed customers $4,500 for cleaning services. 18 Paid $1,400 cash on amount owed on truck and $1,300 on amount owed...
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?
umalize the transactions shown in Table P4.2 for Tip Top Associates, Inc., incurred during the month...
umalize the transactions shown in Table P4.2 for Tip Top Associates, Inc., incurred during the month of July 20XX (assume accrual basis), TABLE P4.2 Transactions for Tip Top Associates 6-Jul 10-Jul 12-Jul $12.000 250 3,500 Initializing capital deposited in bank Office supplies purchased Purchase computer (paying $1000 with balance on account) Office rent Billing to Jones County Board of Education Salaries employee payroll Paid on account for computer Cost of expended supplies 15-Jul 20-Jul 25-Jul 28-Jul 30.Jul 425 1.255 655...
help?!? The following transactions occur for Badger Biking Company during the month of June: a. Provide...
help?!?
The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account for $42.000 b. Receive cash of $34,000 from customers in (a) above. c. Purchase bike equipment by signing a note with the bank for $27,000. d. Pay utilities of $4,200 for the current month. Book Analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (Decreases to account classifications should be entered as a...
Terrapin Company engages in the following external transactions for November. Purchase equipment in exchange for cash...
Terrapin Company engages in the following external transactions for November. Purchase equipment in exchange for cash of $21,500. Provide services to customers and receive cash of $6,000. Pay the current month's rent of $1,700. Purchase office supplies on account for $1,500. Pay employee salaries of $1,700 for the current month. Record the transactions. Terrapin uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense.
Mike Greenberg opened Indigo Window Washing Co. on July 1, 2020. During July, the following transactions...
Mike Greenberg opened Indigo Window Washing Co. on July 1, 2020. During July, the following transactions were completed. July 1 1 3 5 12 18 Owner invested $13,900 cash in the company. Purchased used truck for $9,280, paying $2,320 cash and the balance on account Purchased cleaning supplies for $1,040 on account. Paid $2,040 cash on a 1-year insurance policy effective July 1. Billed customers $4,290 for cleaning services performed. Paid $1,160 cash on amount owed on truck and $580...
Terrapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for...
Terrapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $23.900. 2. Provide services to customers and receive cash of $4,700. 3. Pay the current month's rent of $1,100. 4. Purchase office supplies on account for $1.200. 5. Pay employee salaries of $1,500 for the current month. Required: Record the transactions. Terrapin uses the following accounts: Cash, Supplies, Equipment, Accounts Payable. Service Revenue, Rent Expense, and Salaries Expense. (If no entry is...
The following transactions occur for the Panther Detective Agency during the month of July: a. Purchase a truck and sign a note payable, $14,100. b. Purchase office supplies for cash, $510. c. Pay $710 in rent for the current month. Record the transactions. The company uses the following accounts: Cash, Supplies, Equipment (for the truck), Notes Payable, and Rent Expense. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction...
On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the month. 1. 2. 4. 5. 6. 7. 8. 9. 10. Invested $16,000 cash to start the agency. Paid $600 cash for April office rent. Purchased equipment for $2,800 cash. Incurred $800 of advertising costs in the Chicago Tribune, on account. Paid $800 cash for office supplies. Performed services worth $11,000: $2,600 cash is received from customers, and the balance of $8,400 is billed to...
umalize the transactions shown in Table P4.2 for Tip Top Associates, Inc., incurred during the month of July 20XX (assume accrual basis), TABLE P4.2 Transactions for Tip Top Associates 6-Jul 10-Jul 12-Jul $12.000 250 3,500 Initializing capital deposited in bank Office supplies purchased Purchase computer (paying $1000 with balance on account) Office rent Billing to Jones County Board of Education Salaries employee payroll Paid on account for computer Cost of expended supplies 15-Jul 20-Jul 25-Jul 28-Jul 30.Jul 425 1.255 655...
help?!?
The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account for $42.000 b. Receive cash of $34,000 from customers in (a) above. c. Purchase bike equipment by signing a note with the bank for $27,000. d. Pay utilities of $4,200 for the current month. Book Analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (Decreases to account classifications should be entered as a...
Mike Greenberg opened Indigo Window Washing Co. on July 1, 2020. During July, the following transactions were completed. July 1 1 3 5 12 18 Owner invested $13,900 cash in the company. Purchased used truck for $9,280, paying $2,320 cash and the balance on account Purchased cleaning supplies for $1,040 on account. Paid $2,040 cash on a 1-year insurance policy effective July 1. Billed customers $4,290 for cleaning services performed. Paid $1,160 cash on amount owed on truck and $580...
Terrapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $23.900. 2. Provide services to customers and receive cash of $4,700. 3. Pay the current month's rent of $1,100. 4. Purchase office supplies on account for $1.200. 5. Pay employee salaries of $1,500 for the current month. Required: Record the transactions. Terrapin uses the following accounts: Cash, Supplies, Equipment, Accounts Payable. Service Revenue, Rent Expense, and Salaries Expense. (If no entry is...
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