Homework Answers
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As per the HOMEWORKLIB POLICY, only the first question should be answered. Kindly take note of it. Every ne question should be posted separately.
|
Date |
Accounts |
Debit |
Credit |
|
Nov 3 |
Accounts receivable |
2575 |
|
|
Sales revenue |
2500 |
||
|
Cash |
75 |
||
|
Nov 3 |
Cost of goods sold (2500*60%) |
1500 |
|
|
Merchandise inventory |
1500 |
||
|
Nov 7 |
Sales returns and allowances |
320 |
|
|
Accounts receivable |
320 |
||
|
Nov 7 |
Merchandise inventory (320*60%) |
192 |
|
|
Cost of goods sold |
192 |
||
|
Nov 16 |
Cash (2255*95%) |
2142 |
|
|
Sales discounts (2255*5%) |
113 |
||
|
Accounts receivable (2575-320) |
2255 |
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Jouma te the following transactions for Home Hardware, Inc. that occurred during the month of November...
practices medicine under the business title M. D. During July, the medical practice - following transactions:...
practices medicine under the business title M. D. During July, the medical practice - following transactions: icon to view the transactions.) (Click the icon to view the company accounts.) Read the requirements. More Info Jul, 1 Yardley contributed $70,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment, $540. 9 Paid $14,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,700. 19 Borrowed $27,000 from the bank...
o Suppose Bargain Hardware sells merchandise on account, terms 2/10,n/60, for $1,200 (the cost of the...
o Suppose Bargain Hardware sells merchandise on account, terms 2/10,n/60, for $1,200 (the cost of the inventory is $320) on January 17, 2018. Bargain Hardware later received 400 of goods (cost, $100) as sales returns on January 21, 2018. The customer paid the balance due on January 26, 2018. Journalize the January 2018 transactions for Bargain Hardware assuming the "net" method is used (Record debits first, then credits Exclude explanations from any journal entries. Round your answers to the nearest...
Journal entries, t-accounts and Trial balance Question Help During the first month of operations. Smith Services,...
Journal entries, t-accounts and Trial balance
Question Help During the first month of operations. Smith Services, Inc., completed the following transactions (Click the icon to view the transaction data) Read the requirements Requirement 1. Record each transaction in the journal Key each transaction by date. Explanations are not required (Record debits first, then credits. Exclude explanations from journal entries) Od 2. Smith Services received $65,000 cash and issued common stock to the stockholders Journal Entry Accounts Date Debit Credit try)...
Journalize the following transactions. Include dates and a brief explanation for each journal entry. (Click the...
Journalize the following transactions. Include dates and a brief explanation for each journal entry. (Click the icon to view the transactions.) Journalize the following transactions for July. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Check your spelling carefully and do not abbreviate.) July 1: Issued common stock for $14,000 Journal Entry Accounts and Explanations Credit Date Debit Jul July 5: Performed services on account for $12,000 no July 1: Issued...
E4-19A (similar to) Question Help Joumalize the following transactions for Beautiful Decor, Inc., that occurred during...
E4-19A (similar to) Question Help Joumalize the following transactions for Beautiful Decor, Inc., that occurred during the month of November assuming the "net" method is used. Beautiful Decor's cost of Inventory is 45 percent of the sales price. (Record debits first, then credits. Exclude explanations from any journal entries.) (Click the icon to view the transactions.) Nov 3: Sold $1.600 of merchandise on account, torms 215, 45, FOB shipping point. Beautiful Decor, Inc., prepaid $45 of shipping costs and added...
pls help asap Victor Young practices medicine under the business title Victor Young, M.D. During July,...
pls
help asap
Victor Young practices medicine under the business title Victor Young, M.D. During July, the medical practice completed the following transactions: i (Click the icon to view the transactions.) i (Click the icon to view the accounts used by the business.) Read the requirements. Requirement 1. Joumalize each transaction. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) July 1: Young contributed $67,000 cash to the business in exchange for common stock Date...
record the following journal entries for Taylor Company est TE 1 16,17,18 (Copy) is Question: 8...
record the following journal entries for Taylor Company
est TE 1 16,17,18 (Copy) is Question: 8 pts 29 of 39 (24 complete). Record the following journal entries for Taylor Company (Click the icon to view the transactions) (Record debits first, then credits. Exclude explanations from any journal entries) 6. Purchased raw materials on account, $9,000 Date Accounts Debit Credit 6. 7. Used $5,000 in direct materials and $800 in indirect materials in production Date Accounts Debit Debit Credit 7. Choose...
In December 2018, the first five transactions of Amer's Automotive Company have been posted to the...
In December 2018, the first five transactions of Amer's Automotive Company have been posted to the T-accounts. Prepare the journal entries that served as the sources for the five transactions. Include an explanation for each entry (Click the icon to view the T-accounts.) Prepare each transaction in order according to the reference number shown in the accounts provided. (Record debits first, then credits. Select the explanation on the last line of the journal entry) Accounts and Explanation Debit Credit Accounts...
Please need help! During July, Smith Veterinary Clinic Ltd. completed the following transactions: (Click the icon...
Please need help!
During July, Smith Veterinary Clinic Ltd. completed the following transactions: (Click the icon to view the transactions.) The clinic uses the following accounts: Cash, Accounts Receivable, Supplies, Land, Accounts Payable, Notes Payable, Common Shares, Dividends, Service Revenue, Salary Expense, Rent Expense, Utilities Expense, and Advertising Expense. Required 1. Journalize each transaction of Smith Veterinary Clinic Ltd. Explanations are not required. 2. Post to these T-accounts: Cash, Accounts Payable, and Notes Payable. 3. After these transactions, how much...
Vincent Yang, M.U. Dunny July, de MC (Click the icon to view the accounts used by...
Vincent Yang, M.U. Dunny July, de MC (Click the icon to view the accounts used by the business.) 0 More Info s are not regu exchange for Jul. 1 Yang contributed $69,000 cash to the business in exchange for common stock. 5 Paid monthly rent on medical equipment, $570. 9 Paid $15,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,200. 19 Borrowed $32,000 from the bank for business use. 22 Paid $1,100...
practices medicine under the business title M. D. During July, the medical practice - following transactions: icon to view the transactions.) (Click the icon to view the company accounts.) Read the requirements. More Info Jul, 1 Yardley contributed $70,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment, $540. 9 Paid $14,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,700. 19 Borrowed $27,000 from the bank...
o Suppose Bargain Hardware sells merchandise on account, terms 2/10,n/60, for $1,200 (the cost of the inventory is $320) on January 17, 2018. Bargain Hardware later received 400 of goods (cost, $100) as sales returns on January 21, 2018. The customer paid the balance due on January 26, 2018. Journalize the January 2018 transactions for Bargain Hardware assuming the "net" method is used (Record debits first, then credits Exclude explanations from any journal entries. Round your answers to the nearest...
Journal entries, t-accounts and Trial balance
Question Help During the first month of operations. Smith Services, Inc., completed the following transactions (Click the icon to view the transaction data) Read the requirements Requirement 1. Record each transaction in the journal Key each transaction by date. Explanations are not required (Record debits first, then credits. Exclude explanations from journal entries) Od 2. Smith Services received $65,000 cash and issued common stock to the stockholders Journal Entry Accounts Date Debit Credit try)...
Journalize the following transactions. Include dates and a brief explanation for each journal entry. (Click the icon to view the transactions.) Journalize the following transactions for July. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Check your spelling carefully and do not abbreviate.) July 1: Issued common stock for $14,000 Journal Entry Accounts and Explanations Credit Date Debit Jul July 5: Performed services on account for $12,000 no July 1: Issued...
E4-19A (similar to) Question Help Joumalize the following transactions for Beautiful Decor, Inc., that occurred during the month of November assuming the "net" method is used. Beautiful Decor's cost of Inventory is 45 percent of the sales price. (Record debits first, then credits. Exclude explanations from any journal entries.) (Click the icon to view the transactions.) Nov 3: Sold $1.600 of merchandise on account, torms 215, 45, FOB shipping point. Beautiful Decor, Inc., prepaid $45 of shipping costs and added...
pls
help asap
Victor Young practices medicine under the business title Victor Young, M.D. During July, the medical practice completed the following transactions: i (Click the icon to view the transactions.) i (Click the icon to view the accounts used by the business.) Read the requirements. Requirement 1. Joumalize each transaction. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) July 1: Young contributed $67,000 cash to the business in exchange for common stock Date...
record the following journal entries for Taylor Company
est TE 1 16,17,18 (Copy) is Question: 8 pts 29 of 39 (24 complete). Record the following journal entries for Taylor Company (Click the icon to view the transactions) (Record debits first, then credits. Exclude explanations from any journal entries) 6. Purchased raw materials on account, $9,000 Date Accounts Debit Credit 6. 7. Used $5,000 in direct materials and $800 in indirect materials in production Date Accounts Debit Debit Credit 7. Choose...
In December 2018, the first five transactions of Amer's Automotive Company have been posted to the T-accounts. Prepare the journal entries that served as the sources for the five transactions. Include an explanation for each entry (Click the icon to view the T-accounts.) Prepare each transaction in order according to the reference number shown in the accounts provided. (Record debits first, then credits. Select the explanation on the last line of the journal entry) Accounts and Explanation Debit Credit Accounts...
Please need help!
During July, Smith Veterinary Clinic Ltd. completed the following transactions: (Click the icon to view the transactions.) The clinic uses the following accounts: Cash, Accounts Receivable, Supplies, Land, Accounts Payable, Notes Payable, Common Shares, Dividends, Service Revenue, Salary Expense, Rent Expense, Utilities Expense, and Advertising Expense. Required 1. Journalize each transaction of Smith Veterinary Clinic Ltd. Explanations are not required. 2. Post to these T-accounts: Cash, Accounts Payable, and Notes Payable. 3. After these transactions, how much...
Vincent Yang, M.U. Dunny July, de MC (Click the icon to view the accounts used by the business.) 0 More Info s are not regu exchange for Jul. 1 Yang contributed $69,000 cash to the business in exchange for common stock. 5 Paid monthly rent on medical equipment, $570. 9 Paid $15,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,200. 19 Borrowed $32,000 from the bank for business use. 22 Paid $1,100...
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