Correct the red spaces to fix Ledgers
(with the GST rate being 10%)
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Correct the red spaces to fix Ledgers
(with the GST rate being 10%)
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We have purchased 20 items at 2500 each (GST exclusive) on 26 July 2014 from The...
We have purchased 20 items at 2500 each (GST exclusive) on 26
July 2014 from The Suppliers Pty Ltd on account. Terms are 5/10
n30.
The Suppliers Pty Ltd is your only creditor. Assume a perpetual
inventory system.
(GST rate 10%)
All numerical answers should consist of digits from 0 to 9 (no symbols, spaces or commas). Dates should be entered as dd/mm/yy (eg 01/06 13) Each box must be have an aswer - If it would normally be blank...
automatically Enter the transaction into the inventory records, the journal provided and post to the subsidiary...
automatically Enter the transaction into the inventory records, the journal provided and post to the subsidiary ledg Purchases Sales Inventory on Hand No. of Units Unit Cost Total Cost No. of Units Unit Cost Total Cost No. of Units Unit Cost Total Cost Date 01/07/14 26/07/14 20 30/07/14 5 2000 10000 2500 50000 25 2400 60000 Journal (S1) Date Account Debited Post Ref AR Sales GST Subsidiary Ledger ABC Pty Ltd Date 01/07/14 Ref Debit Credit Balance 5000 Post to...
Purchases and Cash Payments Journals; Accounts Payable Subsidiary and General Ledgers AquaFresh Water Testing Service was...
Purchases and Cash Payments Journals; Accounts Payable
Subsidiary and General Ledgers
AquaFresh Water Testing Service was established on April 16.
AquaFresh uses field equipment and field supplies (chemicals and
other supplies) to analyze water for unsafe contaminants in
streams, lakes, and ponds. Transactions related to purchases and
cash payments during the remainder of April are as follows:
April 16.
Issued Check No. 1 in payment of rent for the remainder of
April, $3,500.
April 16.
Purchased field supplies on account...
Purchases and Cash Payments Journals; Accounts Payable Subsidiary and General Ledgers Aquafresh Water Testing Service was...
Purchases and Cash Payments Journals; Accounts Payable Subsidiary and General Ledgers Aquafresh Water Testing Service was established on Art 16. Aquafresh uses field equipment and field supplies (chemicals and other supplies) to analyze water for unsafe contaminants in streams, lakes, and ponds Transactions related to purchases and cash payments during the remainder of April are as follows: April 16. Issued Check No. 1 in payment of rent for the remainder of April, 53,500 April 16. Purchased field supplies on account...
This is all of the information I have: Now that you have reviewed information about Cover...
This is all of the information I have: Now that you have reviewed information about Cover 2 Cover, you are ready to begin the first step in the accounting cycle, recording transactions. On this page of the practice set, you are asked to record transactions that occurred during the first week of June into the company's journals and post the appropriate entries to the ledger accounts. The following transactions occurred throughout the first week of June: Week 1 Date Transaction...
This is all of the information I have: Now that you have reviewed information about Cover...
This is all of the information I have: Now that you have reviewed information about Cover 2 Cover, you are ready to begin the first step in the accounting cycle, recording transactions. On this page of the practice set, you are asked to record transactions that occurred during the first week of June into the company's journals and post the appropriate entries to the ledger accounts. The following transactions occurred throughout the first week of June: Week 1 Date Transaction...
The following transactions occurred in June 2018 for Borderline Ltd JuneReceved a cheque for S1 200 from Roar Ltd in...
The following transactions occurred in June 2018 for Borderline Ltd JuneReceved a cheque for S1 200 from Roar Ltd in full settlement of its account and deposited it in the bank account Sold inventory for $905(before any discounts have been applied) to Jones Ltd on credit (the company was given a trade discount of $80, then the normal credit terms) COGS was $420 Paid rent for June S1 500, chq no. 561 (Assume the rent is GST free) Purchased inventory...
18,000 ACR7.1 (Perpetual Method) Jeter Co. uses a perpetual inventory system and both an accounts receivable...
18,000 ACR7.1 (Perpetual Method) Jeter Co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger Balances related to both the general ledger and the subsidiary ledgers for Jeter are indicated in the working papers presented below. Also below are a series of transactions for Jeter Co. for the month of January, Credit sales terms are 2/10, n/30. The cost of all merchandise sold was 80% of the sales price. GENERAL LEDGER Account January...
Accounting Cyde Review 7-01 a1-f2 Sunland Co. uses a perpetual inventory system and both an accounts...
Accounting Cyde Review 7-01 a1-f2 Sunland Co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger Balances related to both the general ledger and the subsidiary ledger for Sunland an indicated in the working papers. Presented below are a series of transactions for Sunland Co. for the month of January. Credit sales termes are 2/10, 130. The cost of all merchandise sold was 60% of the sale price. GENERAL LEDGER Account Number 101...
p17-32A Mighry Sear Property, Puns, and Prepare tril balanc a June 30, 30 edgor cturing transaction 0 chapter 17 ting rning objectives 2, 3,4,5 P17-32A Prepa 4 COGM 547,430 Operating income...
p17-32A
Mighry Sear Property, Puns, and Prepare tril balanc a June 30, 30 edgor cturing transaction 0 chapter 17 ting rning objectives 2, 3,4,5 P17-32A Prepa 4 COGM 547,430 Operating income 518,95o trial balance on June t Stars h. Account Title 160, 6,000 40,000 400 220,000 Raw Materials 20. Work-in-Process Finished Goods s 75,000 134,000 2,600 139,000 109,800 Property, Mant, and Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Manufacturing Overheacd...
We have purchased 20 items at 2500 each (GST exclusive) on 26
July 2014 from The Suppliers Pty Ltd on account. Terms are 5/10
n30.
The Suppliers Pty Ltd is your only creditor. Assume a perpetual
inventory system.
(GST rate 10%)
All numerical answers should consist of digits from 0 to 9 (no symbols, spaces or commas). Dates should be entered as dd/mm/yy (eg 01/06 13) Each box must be have an aswer - If it would normally be blank...
automatically Enter the transaction into the inventory records, the journal provided and post to the subsidiary ledg Purchases Sales Inventory on Hand No. of Units Unit Cost Total Cost No. of Units Unit Cost Total Cost No. of Units Unit Cost Total Cost Date 01/07/14 26/07/14 20 30/07/14 5 2000 10000 2500 50000 25 2400 60000 Journal (S1) Date Account Debited Post Ref AR Sales GST Subsidiary Ledger ABC Pty Ltd Date 01/07/14 Ref Debit Credit Balance 5000 Post to...
Purchases and Cash Payments Journals; Accounts Payable
Subsidiary and General Ledgers
AquaFresh Water Testing Service was established on April 16.
AquaFresh uses field equipment and field supplies (chemicals and
other supplies) to analyze water for unsafe contaminants in
streams, lakes, and ponds. Transactions related to purchases and
cash payments during the remainder of April are as follows:
April 16.
Issued Check No. 1 in payment of rent for the remainder of
April, $3,500.
April 16.
Purchased field supplies on account...
Purchases and Cash Payments Journals; Accounts Payable Subsidiary and General Ledgers Aquafresh Water Testing Service was established on Art 16. Aquafresh uses field equipment and field supplies (chemicals and other supplies) to analyze water for unsafe contaminants in streams, lakes, and ponds Transactions related to purchases and cash payments during the remainder of April are as follows: April 16. Issued Check No. 1 in payment of rent for the remainder of April, 53,500 April 16. Purchased field supplies on account...
The following transactions occurred in June 2018 for Borderline Ltd JuneReceved a cheque for S1 200 from Roar Ltd in full settlement of its account and deposited it in the bank account Sold inventory for $905(before any discounts have been applied) to Jones Ltd on credit (the company was given a trade discount of $80, then the normal credit terms) COGS was $420 Paid rent for June S1 500, chq no. 561 (Assume the rent is GST free) Purchased inventory...
18,000 ACR7.1 (Perpetual Method) Jeter Co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger Balances related to both the general ledger and the subsidiary ledgers for Jeter are indicated in the working papers presented below. Also below are a series of transactions for Jeter Co. for the month of January, Credit sales terms are 2/10, n/30. The cost of all merchandise sold was 80% of the sales price. GENERAL LEDGER Account January...
Accounting Cyde Review 7-01 a1-f2 Sunland Co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger Balances related to both the general ledger and the subsidiary ledger for Sunland an indicated in the working papers. Presented below are a series of transactions for Sunland Co. for the month of January. Credit sales termes are 2/10, 130. The cost of all merchandise sold was 60% of the sale price. GENERAL LEDGER Account Number 101...
p17-32A
Mighry Sear Property, Puns, and Prepare tril balanc a June 30, 30 edgor cturing transaction 0 chapter 17 ting rning objectives 2, 3,4,5 P17-32A Prepa 4 COGM 547,430 Operating income 518,95o trial balance on June t Stars h. Account Title 160, 6,000 40,000 400 220,000 Raw Materials 20. Work-in-Process Finished Goods s 75,000 134,000 2,600 139,000 109,800 Property, Mant, and Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Manufacturing Overheacd...
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