Homework Answers
| Debit | Credit | ||
| 1 | Supplies | 160 | |
| Cash | 160 | ||
| 2 | Equipment | 710 | |
| Accounts Payable | 710 | ||
| 3 | Utilities expense | 450 | |
| Cash | 450 |
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Saved A company had the following transactions 1 Paid $160 for office supplies using a debit...
A company had the following transactions 1 Paid $150 for office supplies using a debit card....
A company had the following transactions 1 Paid $150 for office supplies using a debit card. 2 Purchased office equipment costing $700 using a credit card 3. Paid utilities bill of $400 by issuing a check. Record each transaction. (If no entry is required for a transactionlevent, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record $150 purchase of office supplies using a debit card. Note: Enter debits before credits Transaction General...
At the beginning of the period, a company reports a balance in office supplies of $450....
At the beginning of the period, a company reports a balance in office supplies of $450. During the period, the company purchases an additional $3,900 of office supplies for cash. By the end of the period, only $950 of office supplies remains Record the period-end adjusting entry. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the period-end adjusting entry. Note: Enter debits before...
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...
Use the following information 1. Pay employee salaries of $490 by issuing checks. 2. Purchase computer...
Use the following information 1. Pay employee salaries of $490 by issuing checks. 2. Purchase computer equipment of $890 using a credit card. 3. Pay for maintenance of $290 for a company vehicle using a debit card. Record the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 Record payment of employee salaries of $490 by issuing checks. Note: Enter debits...
Journal entry worksheet < 3 4 5 6 The Office Supplies account had a $290 debit...
Journal entry worksheet < 3 4 5 6 The Office Supplies account had a $290 debit balance at the beginning of the year; and $2,680 of office supplies were purchased during the year. The December 31 physical count showed $342 of supplies available. Note: Enter debits before credits. Transaction General Journal Debit Credit c. Supplies expense Record entry Clear entry View general journal
Help Save & E Following are the transactions of a new company called Pose-for-Pics. Aug. 1...
Help Save & E Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $11,250 cash and 548,375 of photography equipment in the company in exchange for common stock. 2 The company paid $4,000 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,138 cash. 20 The company received 53,350 cash in photography fees earned. 31 The company paid $875 cash for August utilities. Prepare...
Required information The following information applies to the questions displayed below.) The following transactions occur for...
Required information The following information applies to the questions displayed below.) The following transactions occur for the Wolfpack Shoe Company during the month of June: a. Provide services to customers for $21,000 and receive cash b. Purchase office supplies on account for $11,000. c. Pay $5,200 in salaries to employees for work performed during the month. 2. Record the transactions. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View...
At the beginning of the period, a company reports a balance in office supplies of $550....
At the beginning of the period, a company reports a balance in office supplies of $550. During the period, the company purchases an additional $3,700 of office supplies for cash. By the end of the period, only $850 of office supplies remains Record the period-end adjusting entry (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the period end adjusting entry. Note: Enter debts...
Record the following transactions, (If no entry is required for a transaction/event, select "No Journal Entry...
Record the following transactions, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26.000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5.900 cash. (e) Purchased $1700 of supplies on account....
ing the month, a company enters into the folowing transactions Buys $8,750 of supplies on account...
ing the month, a company enters into the folowing transactions Buys $8,750 of supplies on account Pays $0,000 cash for new equipment Pays off $4.800 of accounts payable. Pays off $2.450 of notes payable. quired: Show the effect of these transactions account balances with a minus sign) on the basic accounting equation. (Enter any decreases to Liabilitie S Stockholders Equity b. b. Prepare the joumal entries that would be used to record the transactions (if no entry is required for...
A company had the following transactions 1 Paid $150 for office supplies using a debit card. 2 Purchased office equipment costing $700 using a credit card 3. Paid utilities bill of $400 by issuing a check. Record each transaction. (If no entry is required for a transactionlevent, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record $150 purchase of office supplies using a debit card. Note: Enter debits before credits Transaction General...
At the beginning of the period, a company reports a balance in office supplies of $450. During the period, the company purchases an additional $3,900 of office supplies for cash. By the end of the period, only $950 of office supplies remains Record the period-end adjusting entry. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the period-end adjusting entry. Note: Enter debits before...
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...
Use the following information 1. Pay employee salaries of $490 by issuing checks. 2. Purchase computer equipment of $890 using a credit card. 3. Pay for maintenance of $290 for a company vehicle using a debit card. Record the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 Record payment of employee salaries of $490 by issuing checks. Note: Enter debits...
Journal entry worksheet < 3 4 5 6 The Office Supplies account had a $290 debit balance at the beginning of the year; and $2,680 of office supplies were purchased during the year. The December 31 physical count showed $342 of supplies available. Note: Enter debits before credits. Transaction General Journal Debit Credit c. Supplies expense Record entry Clear entry View general journal
Help Save & E Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $11,250 cash and 548,375 of photography equipment in the company in exchange for common stock. 2 The company paid $4,000 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,138 cash. 20 The company received 53,350 cash in photography fees earned. 31 The company paid $875 cash for August utilities. Prepare...
Required information The following information applies to the questions displayed below.) The following transactions occur for the Wolfpack Shoe Company during the month of June: a. Provide services to customers for $21,000 and receive cash b. Purchase office supplies on account for $11,000. c. Pay $5,200 in salaries to employees for work performed during the month. 2. Record the transactions. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View...
At the beginning of the period, a company reports a balance in office supplies of $550. During the period, the company purchases an additional $3,700 of office supplies for cash. By the end of the period, only $850 of office supplies remains Record the period-end adjusting entry (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the period end adjusting entry. Note: Enter debts...
Record the following transactions, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26.000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5.900 cash. (e) Purchased $1700 of supplies on account....
ing the month, a company enters into the folowing transactions Buys $8,750 of supplies on account Pays $0,000 cash for new equipment Pays off $4.800 of accounts payable. Pays off $2.450 of notes payable. quired: Show the effect of these transactions account balances with a minus sign) on the basic accounting equation. (Enter any decreases to Liabilitie S Stockholders Equity b. b. Prepare the joumal entries that would be used to record the transactions (if no entry is required for...
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