Homework Answers
| Cash | 192 | |
| Service charge expenses (200*4%) | 8 | |
| Sales revenue | 200 |
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On July 4. Crane's Restaurant accepts a Visa card for a $200 dinner bill. Visa charges...
please answer the question below, thanks CALCULATOR PRINTER VERSION BACK NEXT (a) On April 2, Jennifer Elston uses...
please answer the question below, thanks
CALCULATOR PRINTER VERSION BACK NEXT (a) On April 2, Jennifer Elston uses her JCPenney Company credit card to purchase merchandise from a JCPenney store for $1,400. On May 1, Elston is billed for the $1,400 amount due. Elston pays $700 on the balance due on May 3. Elston receives a bill dated June 1 for the amount due, including interest at 3.0 % per month on the unpaid balance as of May 3. Prepare...
Exercise 8-8 Presented below are two independent situations. On Apri...
Exercise 8-8
Presented below are two independent situations.
On April 2, Jennifer Elston uses her JCPenney Company credit
card to purchase merchandise from a JCPenney store for $1,000. On
May 1, Elston is billed for the $1,000 amount due. Elston pays $700
on the balance due on May 3. On June 1, Elston receives a bill for
the amount due, including interest at 1.0% per month on the unpaid
balance as of May 3. Prepare the entries on JCPenney Co.’s...
show working aps/edugen.wileyplus.com/edug Return to Blackboard Weygandt, Financial Accounting, 10e Help S...
show working
aps/edugen.wileyplus.com/edug Return to Blackboard Weygandt, Financial Accounting, 10e Help System Announcements - CALCULATOR PRINTER VERSION « BACK NI Exercise 8-10 Your answer is partially correct. Try again. Presented below are two independent situations. On April 2, Jennifer Elston uses her JCPenney Company credit card to purchase merchandise from a JCPenney store for $1,100. On May 1, Elston is billed for the $1,100 amount due. Elston pays $800 on the balance due on May 3. Elston receives a bill...
pharaoh company accepted a Visa card payment Question 2 View Policies Current Attempt in Progress Consider...
pharaoh company accepted a Visa card payment
Question 2 View Policies Current Attempt in Progress Consider these transactions: Creatit account tities are automatically indented when amount is entered. Do not indent manually (a) Pharoah Company accepted a Visa card in payment of a $400 lunch bill. The bank charges a 4% fee. What entry should Pharoah make? (b) Shamrock, Inc. sold its accounts receivable of $61,600. What entry should Shamrock make, given a service charge of 4% on the amount...
Presented below are two independent transactions. (Credit account titles are automatically indented when amount is entered....
Presented below are two independent transactions.
(Credit account titles are automatically indented when
amount is entered. Do not indent manually.)
a.
Tony’s Restaurant accepted a
Visa card in payment of a $200 lunch bill. The bank charges a 2%
fee. What entry should Tony’s make?
b.
Marigold Company sold its
accounts receivable of $75,000. What entry should Marigold make,
given a service charge of 1% on the amount of receivables
sold?
Account Titles and Explanation
Debit
Credit
a.
b.
Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent ma...
Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Crane Company accepted a Visa card in payment of a $300 lunch bill. The bank charges a 4% fee. What entry should Crane make? (b) Larkspur, Inc. sold its accounts receivable of $59,400. What entry should Larkspur make, given a service charge of 4% on the amount of receivables sold? No. Account Titles and Explanation Debit Credit (a) (b)
please help with this accounting question! Question 2 View Policies Current Attempt in Progress Consider these tran...
please help with this accounting question!
Current Attempt in Progress Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Cullumber Company accepted a Visa card in payment of a $350 lunch bill. The bank charges a 4% fee. What entry should Cullumber make? Marin Inc. sold its accounts receivable of $62.600. What entry should Marin make, given a service charge of 4 % on the amount of receivables so (a) () No....
Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent...
Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Ivanhoe Company accepted a Visa card in payment of a $200 lunch bill. The bank charges a 3% fee. What entry should Ivanhoe make? (b) Metlock, Inc. sold its accounts receivable of $61,700. What entry should Metlock make, given a service charge of 3% on the amount of receivables sold? No. Account Titles and Explanation Debit Credit (a) (b)
Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent ma...
Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Crane Company accepted a Visa card in payment of a $400 lunch bill. The bank charges a 3% fee. What entry should Crane make? (b) Larkspur, Inc. sold its accounts receivable of $64,500. What entry should Larkspur make, given a service charge of 3% on the amount of receivables sold? No. Account Titles and Explanation Debit Credit (b)
Exercise 9-11 Tamarisk Stores accepts both its own and national credit cards. During the year, the...
Exercise 9-11 Tamarisk Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred. 20 Jan. 15 Made Tamarisk credit card sales totaling $37,200. (There were no balances prior to January 15.) Made Visa credit card sales service charge fee 3%) totaling $5,900. Feb. 10 Collected $13,600 on Tamarisk credit card sales. 15 Added finance charges of 2.5% to Tamarisk credit card account balances. Journalize the transactions for Tamarisk Stores. (Credit account titles...
please answer the question below, thanks
CALCULATOR PRINTER VERSION BACK NEXT (a) On April 2, Jennifer Elston uses her JCPenney Company credit card to purchase merchandise from a JCPenney store for $1,400. On May 1, Elston is billed for the $1,400 amount due. Elston pays $700 on the balance due on May 3. Elston receives a bill dated June 1 for the amount due, including interest at 3.0 % per month on the unpaid balance as of May 3. Prepare...
Exercise 8-8
Presented below are two independent situations.
On April 2, Jennifer Elston uses her JCPenney Company credit
card to purchase merchandise from a JCPenney store for $1,000. On
May 1, Elston is billed for the $1,000 amount due. Elston pays $700
on the balance due on May 3. On June 1, Elston receives a bill for
the amount due, including interest at 1.0% per month on the unpaid
balance as of May 3. Prepare the entries on JCPenney Co.’s...
show working
aps/edugen.wileyplus.com/edug Return to Blackboard Weygandt, Financial Accounting, 10e Help System Announcements - CALCULATOR PRINTER VERSION « BACK NI Exercise 8-10 Your answer is partially correct. Try again. Presented below are two independent situations. On April 2, Jennifer Elston uses her JCPenney Company credit card to purchase merchandise from a JCPenney store for $1,100. On May 1, Elston is billed for the $1,100 amount due. Elston pays $800 on the balance due on May 3. Elston receives a bill...
pharaoh company accepted a Visa card payment
Question 2 View Policies Current Attempt in Progress Consider these transactions: Creatit account tities are automatically indented when amount is entered. Do not indent manually (a) Pharoah Company accepted a Visa card in payment of a $400 lunch bill. The bank charges a 4% fee. What entry should Pharoah make? (b) Shamrock, Inc. sold its accounts receivable of $61,600. What entry should Shamrock make, given a service charge of 4% on the amount...
Presented below are two independent transactions.
(Credit account titles are automatically indented when
amount is entered. Do not indent manually.)
a.
Tony’s Restaurant accepted a
Visa card in payment of a $200 lunch bill. The bank charges a 2%
fee. What entry should Tony’s make?
b.
Marigold Company sold its
accounts receivable of $75,000. What entry should Marigold make,
given a service charge of 1% on the amount of receivables
sold?
Account Titles and Explanation
Debit
Credit
a.
b.
Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Crane Company accepted a Visa card in payment of a $300 lunch bill. The bank charges a 4% fee. What entry should Crane make? (b) Larkspur, Inc. sold its accounts receivable of $59,400. What entry should Larkspur make, given a service charge of 4% on the amount of receivables sold? No. Account Titles and Explanation Debit Credit (a) (b)
please help with this accounting question!
Current Attempt in Progress Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Cullumber Company accepted a Visa card in payment of a $350 lunch bill. The bank charges a 4% fee. What entry should Cullumber make? Marin Inc. sold its accounts receivable of $62.600. What entry should Marin make, given a service charge of 4 % on the amount of receivables so (a) () No....
Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Ivanhoe Company accepted a Visa card in payment of a $200 lunch bill. The bank charges a 3% fee. What entry should Ivanhoe make? (b) Metlock, Inc. sold its accounts receivable of $61,700. What entry should Metlock make, given a service charge of 3% on the amount of receivables sold? No. Account Titles and Explanation Debit Credit (a) (b)
Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Crane Company accepted a Visa card in payment of a $400 lunch bill. The bank charges a 3% fee. What entry should Crane make? (b) Larkspur, Inc. sold its accounts receivable of $64,500. What entry should Larkspur make, given a service charge of 3% on the amount of receivables sold? No. Account Titles and Explanation Debit Credit (b)
Exercise 9-11 Tamarisk Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred. 20 Jan. 15 Made Tamarisk credit card sales totaling $37,200. (There were no balances prior to January 15.) Made Visa credit card sales service charge fee 3%) totaling $5,900. Feb. 10 Collected $13,600 on Tamarisk credit card sales. 15 Added finance charges of 2.5% to Tamarisk credit card account balances. Journalize the transactions for Tamarisk Stores. (Credit account titles...
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