Homework Answers
| Cash | |||
| Aug. 1 | $45,900 | Aug. 12 | $2,691 |
| Aug. 10 | $20,655 | ||
| Aug. 31 | $6,732 | ||
|
Bal. [$45,900 + $20,655 + $6,732 - $2,691] |
$70,596 | ||
| Accounts Receivable | |||
| Aug. 25 | $12,240 | Aug. 31 | $6,732 |
|
Bal. [$12,240 - $6,732] |
$5,508 | ||
| Equipment | |||
| Aug. 12 | $38,250 | ||
| Bal. | $38,250 | ||
| Notes Payable | |||
| Aug. 12 | $35,559 | ||
| Bal. | $35,559 | ||
| Common Stock | |||
| Aug. 1 | $45,900 | ||
| Bal. | $45,900 | ||
| Service Revenue | |||
| Aug. 10 | $20,655 | ||
| Aug. 25 | $12,240 | ||
|
Bal. [$20,655 + $12,240] |
$32,895 | ||
.
.
| WINDSOR, Inc. | ||
| Trail Balance | ||
| August 31, 2022 | ||
| Debit | Credit | |
| Cash | $70,596 | |
| Accounts Receivable | $5,508 | |
| Equipment | $38,250 | |
| Notes Payable | $35,559 | |
| Common Stock | $45,900 | |
| Service Revenue | $32,895 | |
| $114,354 | $114,354 | |
Add Answer to:
Exercise 2-11 Selected transactions from the journal of Cheyenne Corp., are presented below. Credit Debit 45,900...
Selected transactions from the journal of June Feldman, investment broker, are presented below. Ref. Credit Date...
Selected transactions from the journal of June Feldman, investment broker, are presented below. Ref. Credit Date Aug. 1 Debit 5,750 Account Titles and Explanation Cash Owner's Capital (Owner's investment of cash in business) Cash 5,750 10 2,990 Service Revenue 2.990 12 5,750 2,645 3,105 25 (Received cash for services performed) Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) Accounts Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) 1,955 1,955...
Exercise 2-11 a-b (Video) Selected transactions from the Journal of June Feldman, Investment broker, are presented...
Exercise 2-11 a-b (Video) Selected transactions from the Journal of June Feldman, Investment broker, are presented below. Ref. Credit Debit 6,550 6,550 3,406 3,406 6,550 3,013 3,537 Date Account Titles and Explanation Aug. 1 Cash Owner's Capital (Owner's investment of cash in business) 10 Cash Service Revenue (Received cash for services performed) 12 Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) 25 Accounts Receivable Service Revenue (illed dients for services performed) 31 Cash Accounts Receivable (Receipt of...
Selected transactions from the journal of Concord Corporation, are presented below. Date Account Titles and Explanation...
Selected transactions from the journal of Concord Corporation,
are presented below.
Date
Account Titles and Explanation
Debit
Credit
Aug. 1
Cash
59,400
Common Stock
59,400
(Investment of
cash for stock)
10
Cash
26,730
Service Revenue
26,730
(Received cash
for services performed)
12
Equipment
49,500
Cash
7,920
Notes Payable
41,580
(Purchased
office equipment for cash and notes payable)
25
Account Receivable
15,840
Service Revenue
15,840
(Billed clients
for services performed)
31
Cash
8,712
Accounts Receivable
8,712
(Receipt of cash
on account)...
Selected transactions from the journal of Concord Corporation, are presented below. Date Account Titles and Explanation...
Selected transactions from the journal of Concord Corporation,
are presented below.
Date
Account Titles and Explanation
Debit
Credit
Aug. 1
Cash
59,400
Common Stock
59,400
(Investment of
cash for stock)
10
Cash
26,730
Service Revenue
26,730
(Received cash
for services performed)
12
Equipment
49,500
Cash
7,920
Notes Payable
41,580
(Purchased
office equipment for cash and notes payable)
25
Account Receivable
15,840
Service Revenue
15,840
(Billed clients
for services performed)
31
Cash
8,712
Accounts Receivable
8,712
(Receipt of cash
on account)...
Selected transactions from the journal of June Feldman, investment broker, are presented below. Ref. Credit Date...
Selected transactions from the journal of June Feldman, investment broker, are presented below. Ref. Credit Date Aug. 1 Debit 5.450 5,450 2.834 10 2.834 5.450 12 Account Titles and Explanation Cash Owner's Capital (Owner's investment of cash in business) Cash Service Revenue (Received cash for services performed) Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) Accounts Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) 2.507 2.943 1.853 25 1.853...
Selected transactions from the journal of Skysong, Inc. during its first month of operations are presented...
Selected transactions from the journal of Skysong, Inc. during
its first month of operations are presented here.
Selected transactions from the journal of Skysong, Inc. during its first month of operations are presented here. Date Account Titles Debit Credit Aug. Cash 6,700 1 Common Stock 6,700 Cash 1,900 Service Revenue 1,900 - 12 Equipment 6,200 Cash 2,020 Notes Payable 4,180 25 Accounts Receivable 2,910 Service Revenue 2,910 31 Cash 590 Accounts Receivable 590 Post the transactions to T-accounts.(Post entries in...
Exercise 3-17 Selected transactions from the journal of Metlock, Inc. during its first month of operations...
Exercise 3-17 Selected transactions from the journal of Metlock, Inc. during its first month of operations are presented here. Date Account Titles Debit Credit Aug. 1 9,000 9,000 10 1,400 1,400 12 5,600 Cash Common Stock Cash Service Revenue Equipment Cash Notes Payable Accounts Receivable Service Revenue Cash Accounts Receivable 1,540 4,060 25 2,570 2,570 31 750 750 Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the question.) Cash Accounts Receivable : Equipment...
accounting help The trial balance for Cheyenne Corp. is shown below. Credit Cheyenne Corp. Trial Balance...
accounting help
The trial balance for Cheyenne Corp. is shown below. Credit Cheyenne Corp. Trial Balance October 31, 2020 Debit Cash $16,000 Supplies 2,800 Prepaid Insurance 800 Equipment 5,600 Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends 700 Service Revenue Salaries and Wages Expense 5,000 Rent Expense 900 $31,800 $4,800 2,400 1,500 11,700 -0- 11,400 $31,800 Assume the following adjustment data. 1. 2. 3. 4. 5. 6. 7. Supplies on hand at October 31 total $700....
Selected transactions from the journal of Sage Hill Inc. during its first month of operations are...
Selected transactions from the journal of Sage Hill Inc. during its first month of operations are presented here. Date Account Titles Debit Credit Aug. Cash 8,500 1 Common Stock 8,500 Cash 1,800 Service Revenue 1,800 Equipment 6,950 Cash 1,600 Notes Payable 5,350 Accounts Receivable 3,420 Service Revenue 3,420 31 Cash 700 Accounts Receivable 700 Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the question.) Cash Accounts Receivable Equipment Notes Payable Common Stock 1...
Selected transactions from the journal of Sage Hill Inc. during its first month of operations are...
Selected transactions from the journal of Sage Hill Inc. during its first month of operations are presented here. Credit Debit 6,500 6,500 1,650 1,650 6,150 Date Account Titles Aug. 1 Cash Common Stock 10 Cash Service Revenue 12 Equipment Cash Notes Payable 25 Accounts Receivable Service Revenue 31 Cash Accounts Receivable 790 5,360 2,650 2,650 660 660 Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the question.) Cash Accounts Receivable Equipment Notes Payable...
Selected transactions from the journal of June Feldman, investment broker, are presented below. Ref. Credit Date Aug. 1 Debit 5,750 Account Titles and Explanation Cash Owner's Capital (Owner's investment of cash in business) Cash 5,750 10 2,990 Service Revenue 2.990 12 5,750 2,645 3,105 25 (Received cash for services performed) Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) Accounts Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) 1,955 1,955...
Exercise 2-11 a-b (Video) Selected transactions from the Journal of June Feldman, Investment broker, are presented below. Ref. Credit Debit 6,550 6,550 3,406 3,406 6,550 3,013 3,537 Date Account Titles and Explanation Aug. 1 Cash Owner's Capital (Owner's investment of cash in business) 10 Cash Service Revenue (Received cash for services performed) 12 Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) 25 Accounts Receivable Service Revenue (illed dients for services performed) 31 Cash Accounts Receivable (Receipt of...
Selected transactions from the journal of Concord Corporation,
are presented below.
Date
Account Titles and Explanation
Debit
Credit
Aug. 1
Cash
59,400
Common Stock
59,400
(Investment of
cash for stock)
10
Cash
26,730
Service Revenue
26,730
(Received cash
for services performed)
12
Equipment
49,500
Cash
7,920
Notes Payable
41,580
(Purchased
office equipment for cash and notes payable)
25
Account Receivable
15,840
Service Revenue
15,840
(Billed clients
for services performed)
31
Cash
8,712
Accounts Receivable
8,712
(Receipt of cash
on account)...
Selected transactions from the journal of Concord Corporation,
are presented below.
Date
Account Titles and Explanation
Debit
Credit
Aug. 1
Cash
59,400
Common Stock
59,400
(Investment of
cash for stock)
10
Cash
26,730
Service Revenue
26,730
(Received cash
for services performed)
12
Equipment
49,500
Cash
7,920
Notes Payable
41,580
(Purchased
office equipment for cash and notes payable)
25
Account Receivable
15,840
Service Revenue
15,840
(Billed clients
for services performed)
31
Cash
8,712
Accounts Receivable
8,712
(Receipt of cash
on account)...
Selected transactions from the journal of June Feldman, investment broker, are presented below. Ref. Credit Date Aug. 1 Debit 5.450 5,450 2.834 10 2.834 5.450 12 Account Titles and Explanation Cash Owner's Capital (Owner's investment of cash in business) Cash Service Revenue (Received cash for services performed) Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) Accounts Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) 2.507 2.943 1.853 25 1.853...
Selected transactions from the journal of Skysong, Inc. during
its first month of operations are presented here.
Selected transactions from the journal of Skysong, Inc. during its first month of operations are presented here. Date Account Titles Debit Credit Aug. Cash 6,700 1 Common Stock 6,700 Cash 1,900 Service Revenue 1,900 - 12 Equipment 6,200 Cash 2,020 Notes Payable 4,180 25 Accounts Receivable 2,910 Service Revenue 2,910 31 Cash 590 Accounts Receivable 590 Post the transactions to T-accounts.(Post entries in...
Exercise 3-17 Selected transactions from the journal of Metlock, Inc. during its first month of operations are presented here. Date Account Titles Debit Credit Aug. 1 9,000 9,000 10 1,400 1,400 12 5,600 Cash Common Stock Cash Service Revenue Equipment Cash Notes Payable Accounts Receivable Service Revenue Cash Accounts Receivable 1,540 4,060 25 2,570 2,570 31 750 750 Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the question.) Cash Accounts Receivable : Equipment...
accounting help
The trial balance for Cheyenne Corp. is shown below. Credit Cheyenne Corp. Trial Balance October 31, 2020 Debit Cash $16,000 Supplies 2,800 Prepaid Insurance 800 Equipment 5,600 Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends 700 Service Revenue Salaries and Wages Expense 5,000 Rent Expense 900 $31,800 $4,800 2,400 1,500 11,700 -0- 11,400 $31,800 Assume the following adjustment data. 1. 2. 3. 4. 5. 6. 7. Supplies on hand at October 31 total $700....
Selected transactions from the journal of Sage Hill Inc. during its first month of operations are presented here. Date Account Titles Debit Credit Aug. Cash 8,500 1 Common Stock 8,500 Cash 1,800 Service Revenue 1,800 Equipment 6,950 Cash 1,600 Notes Payable 5,350 Accounts Receivable 3,420 Service Revenue 3,420 31 Cash 700 Accounts Receivable 700 Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the question.) Cash Accounts Receivable Equipment Notes Payable Common Stock 1...
Selected transactions from the journal of Sage Hill Inc. during its first month of operations are presented here. Credit Debit 6,500 6,500 1,650 1,650 6,150 Date Account Titles Aug. 1 Cash Common Stock 10 Cash Service Revenue 12 Equipment Cash Notes Payable 25 Accounts Receivable Service Revenue 31 Cash Accounts Receivable 790 5,360 2,650 2,650 660 660 Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the question.) Cash Accounts Receivable Equipment Notes Payable...
Most questions answered within 3 hours.
-
A 4.45 percent coupon municipal bond has 12 years left to
maturity and has a price...
asked 2 minutes ago -
13. In the book, “The Goal” to what country does Alex convince
Johnny the company should...
asked 4 minutes ago -
Write a simple Python program to find the day for the given
date. The procedure to...
asked 10 minutes ago -
5) A semi-permeable membrane is used to separate pyruvic acid
from an aqueous solution of 0.1...
asked 12 minutes ago -
The resistance of the body varies from approximately 500 kΩ
(when it is very dry) to...
asked 16 minutes ago -
Please explain how participation income and expenses are
allocated to each partner. Where is this defined?
asked 25 minutes ago -
The tires of a car make 61 revolutions as the car reduces its
speed uniformly from...
asked 41 minutes ago -
Peabody, Inc., sells fireworks. The company’s marketing director
developed the following cost of goods sold budget...
asked 45 minutes ago -
A signal transduction pathway includes the steps listed
below.
1. An inactive signal transduction molecule is...
asked 44 minutes ago -
1. The correlation coefficient determined for two variables has
a value of 0.89. Describe, in words,...
asked 50 minutes ago -
The following data relate to direct materials costs for
November:
Actual costs
4,700 pounds at $5.35...
asked 49 minutes ago -
Kyle, a 95.0 kg football player, leaps straight up into the air
(with no horizontal velocity)...
asked 1 hour ago