on March 17, computer service paid $1,000 cash for dividends. The journal entry to record this...
Homework Answers
If No dividend was declared earlier.
| March, 17 | Retained Earnings (or Dividend Paid) A/c | $1000 |
| To Cash A/c | $1000 |
If dividend was declared earlier:
| March, 17 | Retained Earnings A/c | $1000 |
| To Dividend Payable A/c | $1000 |
| March, 17 | Dividend Payable A/c | $1000 |
| To Cash A/c | $1000 |
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March 17, computer service paid $1,000 cash for dividends. The
journal entry to record this...
QUESTION ANSWER 0 On March 17, John Write, owner of Complete Computer Service, made $1,000 cash...
QUESTION ANSWER 0 On March 17, John Write, owner of Complete Computer Service, made $1,000 cash withdrawal from the business. Date Accounts Mar. 17 Write, Capital Cash Debit Credit 1,000 1,000 The journal entry to record this transaction would be: 0 Credit Date Accounts Mar. 17 Write, Withdrawals Write, Capital Debit 1,000 1,000 0 Credit Date Mar. 17 Accounts Cash Write, Withdrawals Debit 1,000 1,000 0 Date Accounts Debit Credit Mar. 17 Write, Withdrawals 1,000 Cash 1,000 I DON'T KNOW...
required journal entries: 1. record the declaration of cash dividends. 2. record the entry on the...
required journal entries:
1. record the declaration of cash dividends.
2. record the entry on the date of record.
3. Record the payment of cash dividends.
On March 15, American Eagle declares a quarterly cash dividend of $0.095 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 216 million shares. (If no entry is E required for a particular transaction/event, select "No Journal...
on march 15, complete computer service purchased a $25,000 building in wxchange for a notes payable....
on march 15, complete computer service purchased a $25,000 building in wxchange for a notes payable. the journal entry to record this transaction would be
5. Want you to record the declaration; 6. record entry; and 7. record cash. Should 5 or 6 be no journal entry? I am conf...
5. Want you to record the declaration; 6. record entry; and 7.
record cash. Should 5 or 6 be no journal entry? I am confused as to
why there are 2 steps here.
Major League Apparel has two classes of stock authorized: 6%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issue 110,000 shares of common stock for $54 per share. February 14 Issue 44,000...
Journal entry worksheet 4 BSC paid $46,000 for computer equipment with check number 101 and signed...
Journal entry worksheet 4 BSC paid $46,000 for computer equipment with check number 101 and signed a note for $6,000 due in six months. Record the transaction. Note: Enter debits before credits. Credit Debit General Journal Transaction 46,000 Equipment 40,000 Cash 6 000 Notes Payable (short-term) View general jou Record entry Clear entry 46,000 Equipment 3 40,000 Cash 6,000 Notes Payable (short-term)
Journal entry worksheet < 1 2 BSC paid $53,000 for computer equipment with check number 101...
Journal entry worksheet < 1 2 BSC paid $53,000 for computer equipment with check number 101 and signed a note for $8,000 due in six months. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
General journal entry options: No Journal Entry Required Accounts Payable Accounts Receivable Ac...
General journal entry options:
No Journal Entry Required
Accounts Payable
Accounts Receivable
Accumulated Amortization
Accumulated Depreciation—Buildings
Accumulated Depreciation—Equipment
Accumulated Depreciation—Vehicles
Accumulated Other Comprehensive Income
Additional Paid-In Capital, Common Stock
Additional Paid-In Capital, Preferred Stock
Additional Paid-In Capital, Treasury Stock
Advertising Expense
Allowance for Doubtful Accounts
Amortization Expense
Bad Debt Expense
Bonds Payable
Building
Cash
Cash Equivalents
Cash Overage
Cash Shortage
Charitable Contributions Payable
Common Stock
Copyrights
Cost of Goods Sold
Deferred Revenue
Delivery Expense
Depreciation Expense
Discount on Bonds Payable...
Journal entry worksheet Record the bank service charge for December and NSF check returned by bank...
Journal entry worksheet Record the bank service charge for December and NSF check returned by bank Note: Enter debits before credits. Transaction Debit Credit General Journal Bank service charges Accounts receivable (Jane Jones) 775 Exercise 7.5 Bank Reconciliation (L07-3) Shown is the information needed to prepare a bank reconciliation for Warren Electric at December 31. 1. At December 31, cash per the bank statement was $15,200, cash per the company's records was $17.500. 2. Two debit memoranda accompanied the bank...
** THE 6 JOURNAL ENTRIES** 1. Record entry merchandise inventory purchased for cash. 2. Record entry...
** THE 6 JOURNAL ENTRIES**
1. Record entry merchandise inventory purchased for cash.
2. Record entry merchandise inventory purchased for cash.
3. Record sale of inventory for cash.
4. Record entry for cost of goods sold.
5. Record entry for operating expenses paid.
6. Record entry for income tax expenses paid.
Required information [The following information applies to the questions displayed below.) The following information pertains to the inventory of Parvin Company during Year 2 Jan. 1 Apr. 1 Oct....
Record the entry to close the dividends account. Record the entry to close the expense accounts...
Record the entry to close the dividends account.
Record the entry to close the expense accounts using the
retained earnings account.
I only need help with those two part thank you!!
Credits Debits 28,700 18, see 31,00 Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 9, 3ee 10, see 49, see 9,400 77, 7ee 77,700 The following is a summary of the transactions for the year: a. Service revenue, $134,000, of which $40,200...
QUESTION ANSWER 0 On March 17, John Write, owner of Complete Computer Service, made $1,000 cash withdrawal from the business. Date Accounts Mar. 17 Write, Capital Cash Debit Credit 1,000 1,000 The journal entry to record this transaction would be: 0 Credit Date Accounts Mar. 17 Write, Withdrawals Write, Capital Debit 1,000 1,000 0 Credit Date Mar. 17 Accounts Cash Write, Withdrawals Debit 1,000 1,000 0 Date Accounts Debit Credit Mar. 17 Write, Withdrawals 1,000 Cash 1,000 I DON'T KNOW...
required journal entries:
1. record the declaration of cash dividends.
2. record the entry on the date of record.
3. Record the payment of cash dividends.
On March 15, American Eagle declares a quarterly cash dividend of $0.095 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 216 million shares. (If no entry is E required for a particular transaction/event, select "No Journal...
5. Want you to record the declaration; 6. record entry; and 7.
record cash. Should 5 or 6 be no journal entry? I am confused as to
why there are 2 steps here.
Major League Apparel has two classes of stock authorized: 6%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issue 110,000 shares of common stock for $54 per share. February 14 Issue 44,000...
Journal entry worksheet 4 BSC paid $46,000 for computer equipment with check number 101 and signed a note for $6,000 due in six months. Record the transaction. Note: Enter debits before credits. Credit Debit General Journal Transaction 46,000 Equipment 40,000 Cash 6 000 Notes Payable (short-term) View general jou Record entry Clear entry 46,000 Equipment 3 40,000 Cash 6,000 Notes Payable (short-term)
Journal entry worksheet < 1 2 BSC paid $53,000 for computer equipment with check number 101 and signed a note for $8,000 due in six months. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
General journal entry options:
No Journal Entry Required
Accounts Payable
Accounts Receivable
Accumulated Amortization
Accumulated Depreciation—Buildings
Accumulated Depreciation—Equipment
Accumulated Depreciation—Vehicles
Accumulated Other Comprehensive Income
Additional Paid-In Capital, Common Stock
Additional Paid-In Capital, Preferred Stock
Additional Paid-In Capital, Treasury Stock
Advertising Expense
Allowance for Doubtful Accounts
Amortization Expense
Bad Debt Expense
Bonds Payable
Building
Cash
Cash Equivalents
Cash Overage
Cash Shortage
Charitable Contributions Payable
Common Stock
Copyrights
Cost of Goods Sold
Deferred Revenue
Delivery Expense
Depreciation Expense
Discount on Bonds Payable...
Journal entry worksheet Record the bank service charge for December and NSF check returned by bank Note: Enter debits before credits. Transaction Debit Credit General Journal Bank service charges Accounts receivable (Jane Jones) 775 Exercise 7.5 Bank Reconciliation (L07-3) Shown is the information needed to prepare a bank reconciliation for Warren Electric at December 31. 1. At December 31, cash per the bank statement was $15,200, cash per the company's records was $17.500. 2. Two debit memoranda accompanied the bank...
** THE 6 JOURNAL ENTRIES**
1. Record entry merchandise inventory purchased for cash.
2. Record entry merchandise inventory purchased for cash.
3. Record sale of inventory for cash.
4. Record entry for cost of goods sold.
5. Record entry for operating expenses paid.
6. Record entry for income tax expenses paid.
Required information [The following information applies to the questions displayed below.) The following information pertains to the inventory of Parvin Company during Year 2 Jan. 1 Apr. 1 Oct....
Record the entry to close the dividends account.
Record the entry to close the expense accounts using the
retained earnings account.
I only need help with those two part thank you!!
Credits Debits 28,700 18, see 31,00 Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 9, 3ee 10, see 49, see 9,400 77, 7ee 77,700 The following is a summary of the transactions for the year: a. Service revenue, $134,000, of which $40,200...
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