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transactions for Tom Petty Company for the month of October are presene y for the month...
Transactions for Ali Company for the month of November are presented below. Nov 1.Invested L.E. 300,000...
Transactions for Ali Company for the month of November are presented below. Nov 1.Invested L.E. 300,000 cash and L.E. 120,000 machines in the business. 2.Purchased land costing L.E. 175,000 for cash. 3.Billed customers for 15000 for services performed . 3.Purchased Truck costing L.E.30,000 ,L.E.5,000 cash and the remainder on credit. 4.Purchased supplies on account for L.E.2000. 5.Paid L.E.3,000 for a one-year insurance policy. 6.Received L.E. 6,000 cash for services performed. 7.Received L.E. 10,000 for services previously performed on account. 8.Paid...
PROBLEM 1 – CHAPTER 2 (JOURNALIZE BUSINESS TRANSACTIONS) Journalize each transaction for C. Cide Company for...
PROBLEM 1 – CHAPTER 2 (JOURNALIZE BUSINESS TRANSACTIONS) Journalize each transaction for C. Cide Company for the month of January. You may omit journal explanations. Jan. 2 Invested $20,000 cash in business. 3 Purchased an automobile for $4,000 cash for use in business. 5 Paid $1,000 for a one-year insurance policy. 9 Paid salaries to employees for $2,500 10 Purchased supplies on account for $500. 11 Billed customers $1,800 for services performed. 16 Paid $200 cash for advertising. 20 Received $700 cash from customers billed on January 11. 23 Paid creditor...
Blossom Company had the following transactions during the first week of May. Record the following transactions...
Blossom Company had the following transactions during the first week of May. Record the following transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. Purchased supplies on account for $520. 2. Performed services and billed the customer $1,800. 3. Received cash of $670 for services to be performed in June. 4. Collected $650 on account. 5. Paid...
Oriole Company had the following transactions during the first week of May. Record the following transactions...
Oriole Company had the following transactions during the first week of May. Record the following transactions in general journal form Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) 1 Purchased supplies on account for $480. 2 Performed services and billed the customer $1,850. 3. Received cash of $840 for services to be performed in June 4. Collected $650 on account. 5. Paid...
Sandhill Co. entered into these transactions during May 2022, its first month of operations. 1. Stockholders...
Sandhill Co. entered into these transactions during May 2022,
its first month of operations.
1.
Stockholders invested $37,000 in
the business in exchange for common stock of the company.
2.
Purchased computers for office use
for $33,500 from Ladd on account.
3.
Paid $2,500 cash for May rent on
storage space.
4.
Performed computer services worth
$18,400 on account.
5.
Performed computer services for
Wharton Construction Company for $6,300 cash.
6.
Paid Western States Power Co.
$6,200 cash for energy...
1. a) Selected transactions for Garver Company during its first month in business are presented below....
1. a) Selected transactions for Garver Company during its first month in business are presented below. On the form provided on the following page, journalize these transactions. Omit explanations. Indicate "No entry" if appropriate. A chart of accounts is provided below: (5 points) Cash Office Supplies Accounts Receivable Prepaid Rent Prepaid Insurance Office Equipment Accounts Payable Notes Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Insurance Expense Sept. 1 Jo Garver invested $25,000...
The following are transactions for Bill for the month of October. Indicate how the following transactions...
The following are transactions for Bill for the month of October. Indicate how the following transactions would be recorded by completing the necessary journal entries as appropriate (omit explanations). Also post to the General Journal, General Ledger, and Subsidiary Ledgers as appropriate. Bill invested $20,000 in his business. Sold $2,500 of merchandise on account to H. Baxter, sales invoice No. 1, terms Sold $1,200 of merchandise on account to T. Toms, sales invoice No. 2, terms Nov. 1 Nov. 3...
Cullumber company entered into these transactions during May 2022, Cullumber Company entered into these transactions during...
Cullumber company entered into these transactions during May 2022,
Cullumber Company entered into these transactions during May 2022, its first month of operations. 1. 2. 3. 4. 5. 6. 7. 8. 9. Stockholders invested $37,000 in the business in exchange for common stock of the company. Purchased computers for office use for $33,800 from Ladd on account. Paid $4,500 cash for May rent on storage space. Performed computer services worth $15,400 on account. Performed computer services for Wharton Construction Company...
May 18: Paid $2,600, an amount owed to a creditor 19: Received $2,000 from customers who...
May 18: Paid $2,600, an amount owed to a creditor 19: Received $2,000 from customers who were previously billed 20: Provided services totaling $7500; received 10% and the remainder is on account 21: Received $4000 for work to be performed at a future date 22: Purchased a building costing $90,000; paid 12% and signed a 6% note for the remainder 23: Purchased equipment costing $14000; Paid 5% and the remainder is on account 24: Paid salaries, $11,750 25: Provided services...
Crane Company, a computer services company, entered into these transactions during May 2017, its first month...
Crane Company, a computer services company, entered into these transactions during May 2017, its first month of operations. 1. Stockholders invested $32,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use (recorded as Equipment) for $26,600 from Ladd on account. 3. Paid $5,500 cash for May rent on storage space. 4. Performed computer services worth $18,400 on account. 5. Performed computer services for Wharton Construction Company for $5,300 cash. 6. Paid Western...
Blossom Company had the following transactions during the first week of May. Record the following transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. Purchased supplies on account for $520. 2. Performed services and billed the customer $1,800. 3. Received cash of $670 for services to be performed in June. 4. Collected $650 on account. 5. Paid...
Oriole Company had the following transactions during the first week of May. Record the following transactions in general journal form Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) 1 Purchased supplies on account for $480. 2 Performed services and billed the customer $1,850. 3. Received cash of $840 for services to be performed in June 4. Collected $650 on account. 5. Paid...
Sandhill Co. entered into these transactions during May 2022,
its first month of operations.
1.
Stockholders invested $37,000 in
the business in exchange for common stock of the company.
2.
Purchased computers for office use
for $33,500 from Ladd on account.
3.
Paid $2,500 cash for May rent on
storage space.
4.
Performed computer services worth
$18,400 on account.
5.
Performed computer services for
Wharton Construction Company for $6,300 cash.
6.
Paid Western States Power Co.
$6,200 cash for energy...
1. a) Selected transactions for Garver Company during its first month in business are presented below. On the form provided on the following page, journalize these transactions. Omit explanations. Indicate "No entry" if appropriate. A chart of accounts is provided below: (5 points) Cash Office Supplies Accounts Receivable Prepaid Rent Prepaid Insurance Office Equipment Accounts Payable Notes Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Insurance Expense Sept. 1 Jo Garver invested $25,000...
The following are transactions for Bill for the month of October. Indicate how the following transactions would be recorded by completing the necessary journal entries as appropriate (omit explanations). Also post to the General Journal, General Ledger, and Subsidiary Ledgers as appropriate. Bill invested $20,000 in his business. Sold $2,500 of merchandise on account to H. Baxter, sales invoice No. 1, terms Sold $1,200 of merchandise on account to T. Toms, sales invoice No. 2, terms Nov. 1 Nov. 3...
Cullumber company entered into these transactions during May 2022,
Cullumber Company entered into these transactions during May 2022, its first month of operations. 1. 2. 3. 4. 5. 6. 7. 8. 9. Stockholders invested $37,000 in the business in exchange for common stock of the company. Purchased computers for office use for $33,800 from Ladd on account. Paid $4,500 cash for May rent on storage space. Performed computer services worth $15,400 on account. Performed computer services for Wharton Construction Company...
May 18: Paid $2,600, an amount owed to a creditor 19: Received $2,000 from customers who were previously billed 20: Provided services totaling $7500; received 10% and the remainder is on account 21: Received $4000 for work to be performed at a future date 22: Purchased a building costing $90,000; paid 12% and signed a 6% note for the remainder 23: Purchased equipment costing $14000; Paid 5% and the remainder is on account 24: Paid salaries, $11,750 25: Provided services...
Crane Company, a computer services company, entered into these transactions during May 2017, its first month of operations. 1. Stockholders invested $32,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use (recorded as Equipment) for $26,600 from Ladd on account. 3. Paid $5,500 cash for May rent on storage space. 4. Performed computer services worth $18,400 on account. 5. Performed computer services for Wharton Construction Company for $5,300 cash. 6. Paid Western...
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