please help me with number 9,10,11 and 12
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please help me with number 9,10,11 and 12
9. The payment of a creditor will ......
A... Is used to record the cash payments of small expenses within and entity? nued) The...
A... Is used to record the cash payments of small
expenses within and entity?
nued) The payment of a creditor will increase the current liability of the entity increase the non-current liability of the entity 2 decrease the current liability of the entity w decrease the non-current liability of the entity 15) have no effect on the liabilities of the entit A... is used to prepare a cash receipts journal of an entity (1) cheque counterfoil (2) cash register roll...
Florence's Florals, a retail business, started a $300 petty cash fund on June 1. Below are...
Florence's Florals, a retail business, started a $300 petty cash fund on June 1. Below are descriptions of the transactions to establish the petty cash fund, disburse petty cash during June, and replenish the petty cash fund on June 30. DATE TRANSACTIONS June 1 Issued Check 550 for $300 to establish a petty cash fund. 5 Paid $38 from the petty cash fund for office supplies, Petty Cash Voucher 1. 8 Paid $39 from the petty cash fund for postage...
please help me with number 12 and 13 Use the information provided below to answer questions...
please help me with number 12 and 13
Use the information provided below to answer questions 12 and 13: On 30 June 2020, the cash receipts journal of Joburg Traders had a provisional total of R52 500, and the cash payments journal had a provisional total of R65 000. On the same date the bank statement of Joburg Traders had a favourable balance of R55 000. The bank account in the general ledger of Joburg Traders had a favourable balance...
a. Prepare the properly balanced/closed off bank account for May 2018 in the general ledger of...
a. Prepare the properly balanced/closed off bank account for May
2018 in the general ledger of Ayuri Dealers.
b. Prepare the bank reconciliation statement of Ayuri Dealers as
at 31 May 2018.
c. Prepare the trade payables control account, properly
balanced/closed off, for Ayuri Dealers for May 2018.
You are provided with the following information for Ayuri Dealers for May 2018 Total for the cash receipts journal after taking into account the differences Total for the cash payments joumal after...
Please help me with the last 5 dates to journalize them. Thank you is 6 Your...
Please help me with the last 5 dates to journalize them. Thank
you
is 6 Your tasks are to: Journalize the transactions in the General Journal. Post to the general ledger. update the accounts payable and accounts receivable subsidiary ledgers Prepare a Schedule of Accounts Receivable and a Schedule of Accounts Payable. 5. Prepare a trial balance on a worksheet. 2012 Mar. Bing paid balance owed, no discount. Paid $11 from the petty cash fund for cleaning package, voucher no....
account - journal entry required 2 Bank service charge. 2. Decrease in the general ledger cash...
account - journal entry required 2 Bank service charge. 2. Decrease in the general ledger cash account - journal entry required The bank made an error Cheque#568 for $4800 was inadvertently processed as $8,400. The bank has been notified and will correct the error next month 3. Increase in balance per bank statement - no journal entry required 4. Decrease in balance per bank statement - no journal entry required Outstanding deposits. 5. No effect on the reconciliation - no...
PLEASE HELP ME WITH NUMBER 13 AND 14 13. What is the effect of interest received...
PLEASE HELP ME WITH NUMBER 13 AND 14
13. What is the effect of interest received on the accounting equation? (1) Equity will increase, and assets wil decrease (2) Equity will decrease, and assets will increase (3) Equity will increas, and assets will increase (4) Equity will increase, and liabilities wil decrease (5) Equity will decrease, and liabilities will increase ASSIGNMENT 1, SEMESTER 1 (continued) 14 Assets are... (a) all the resources controlled by the entity (b) equal to equity...
Problem 8-3A Establishing, reimbursing, and increasing petty cash LO P2 Nakashima Gallery had the following pe...
Problem 8-3A Establishing, reimbursing, and increasing petty cash LO P2 Nakashima Gallery had the following petty cash transactions in February of the current year. Feb. 2 Wrote a $360 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier. 5 Purchased bond paper for the copier for $14.55 that is imune di ately used. 9 Paid $32. 50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashima uses the...
Nakashima Gallery had the following petty cash transactions in February of the current year. Feb. 2...
Nakashima Gallery had the following petty cash transactions in February of the current year. Feb. 2 Wrote a $340 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier. 5 Purchased bond paper for the copier for $14.55 that is immediately used. 9 Paid $38.50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashina uses the perpetual system to account for merchandise inventory. 12 Paid $7.35 postage to express...
Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses...
Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise inventory. Feb. 2 wrote a $360 check to establish a petty cash fund. 5 Purchased paper for the copier for $15.75 that is immediately used. 9 Paid $44.50 shipping charges transportation-in) on merchandise purchased for resale, terms FOB shipping point. These costs are added to merchandise inventory. 12 Paid $7.55 postage to deliver a contract to a...
A... Is used to record the cash payments of small
expenses within and entity?
nued) The payment of a creditor will increase the current liability of the entity increase the non-current liability of the entity 2 decrease the current liability of the entity w decrease the non-current liability of the entity 15) have no effect on the liabilities of the entit A... is used to prepare a cash receipts journal of an entity (1) cheque counterfoil (2) cash register roll...
Florence's Florals, a retail business, started a $300 petty cash fund on June 1. Below are descriptions of the transactions to establish the petty cash fund, disburse petty cash during June, and replenish the petty cash fund on June 30. DATE TRANSACTIONS June 1 Issued Check 550 for $300 to establish a petty cash fund. 5 Paid $38 from the petty cash fund for office supplies, Petty Cash Voucher 1. 8 Paid $39 from the petty cash fund for postage...
please help me with number 12 and 13
Use the information provided below to answer questions 12 and 13: On 30 June 2020, the cash receipts journal of Joburg Traders had a provisional total of R52 500, and the cash payments journal had a provisional total of R65 000. On the same date the bank statement of Joburg Traders had a favourable balance of R55 000. The bank account in the general ledger of Joburg Traders had a favourable balance...
a. Prepare the properly balanced/closed off bank account for May
2018 in the general ledger of Ayuri Dealers.
b. Prepare the bank reconciliation statement of Ayuri Dealers as
at 31 May 2018.
c. Prepare the trade payables control account, properly
balanced/closed off, for Ayuri Dealers for May 2018.
You are provided with the following information for Ayuri Dealers for May 2018 Total for the cash receipts journal after taking into account the differences Total for the cash payments joumal after...
Please help me with the last 5 dates to journalize them. Thank
you
is 6 Your tasks are to: Journalize the transactions in the General Journal. Post to the general ledger. update the accounts payable and accounts receivable subsidiary ledgers Prepare a Schedule of Accounts Receivable and a Schedule of Accounts Payable. 5. Prepare a trial balance on a worksheet. 2012 Mar. Bing paid balance owed, no discount. Paid $11 from the petty cash fund for cleaning package, voucher no....
account - journal entry required 2 Bank service charge. 2. Decrease in the general ledger cash account - journal entry required The bank made an error Cheque#568 for $4800 was inadvertently processed as $8,400. The bank has been notified and will correct the error next month 3. Increase in balance per bank statement - no journal entry required 4. Decrease in balance per bank statement - no journal entry required Outstanding deposits. 5. No effect on the reconciliation - no...
PLEASE HELP ME WITH NUMBER 13 AND 14
13. What is the effect of interest received on the accounting equation? (1) Equity will increase, and assets wil decrease (2) Equity will decrease, and assets will increase (3) Equity will increas, and assets will increase (4) Equity will increase, and liabilities wil decrease (5) Equity will decrease, and liabilities will increase ASSIGNMENT 1, SEMESTER 1 (continued) 14 Assets are... (a) all the resources controlled by the entity (b) equal to equity...
Problem 8-3A Establishing, reimbursing, and increasing petty cash LO P2 Nakashima Gallery had the following petty cash transactions in February of the current year. Feb. 2 Wrote a $360 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier. 5 Purchased bond paper for the copier for $14.55 that is imune di ately used. 9 Paid $32. 50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashima uses the...
Nakashima Gallery had the following petty cash transactions in February of the current year. Feb. 2 Wrote a $340 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier. 5 Purchased bond paper for the copier for $14.55 that is immediately used. 9 Paid $38.50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashina uses the perpetual system to account for merchandise inventory. 12 Paid $7.35 postage to express...
Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise inventory. Feb. 2 wrote a $360 check to establish a petty cash fund. 5 Purchased paper for the copier for $15.75 that is immediately used. 9 Paid $44.50 shipping charges transportation-in) on merchandise purchased for resale, terms FOB shipping point. These costs are added to merchandise inventory. 12 Paid $7.55 postage to deliver a contract to a...
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