Activity 1.a - Post Transactions to T-accounts
Use the information provided in the journal entry to post the transaction to the t-account. Post in DR/CR order.
Homework Answers
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| Utilities Expense | |||||
| Debit | Credit | ||||
| Nov 2 | $ 43,600 | ||||
| Utilities Payable | |||||
| Debit | Credit | ||||
| Nov 2 | $ 43,600 | ||||
| Cash | |||||
| Debit | Credit | ||||
| Nov 4 | $ 47,200 | ||||
| Service Revenue | |||||
| Debit | Credit | ||||
| Nov 4 | $ 47,200 | ||||
| Accounts Receivable | |||||
| Debit | Credit | ||||
| Nov 8 | $ 21,500 | ||||
| Service Revenue | |||||
| Debit | Credit | ||||
| Nov 8 | $ 21,500 | ||||
| Buildings | |||||
| Debit | Credit | ||||
| Nov 10 | $ 16,700 | ||||
| Note Payable | |||||
| Debit | Credit | ||||
| Nov 10 | $ 16,700 | ||||
| Note Payable | |||||
| Debit | Credit | ||||
| Nov 13 | $ 36,200 | ||||
| Cash | |||||
| Debit | Credit | ||||
| Nov 13 | $ 36,200 | ||||
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Activity 1.a - Post Transactions to T-accounts
Use the information provided in the journal entry to...
Activity 1.a - Post Transactions to T-accounts Use the information provided in the journal entry to...
Activity 1.a - Post Transactions to T-accounts Use the information provided in the journal entry to post the transaction to the t-account. Post in DR/CR order Accounts and Explanation Debit Date Credit 21.000 Nov. 2 Cash Accounts Receivable Received cash on account from customer Date Accounts and Explanation Debit Credit Nov.s Building 41.200 Notes Payable 41.200 Purchase of building with note Accounts and explanation Debit Credit 4700 Pod for poly Date Accounts and Explanation Debit Credit Nov. 12 Land Cash...
Review the transactions and determine the accounts, the account types (use assets, liabilities, equity, dividends, revenue,...
Review the transactions and determine the accounts, the account types (use assets, liabilities, equity, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. Check your spelling carefully and do not abbreviate. Refer to the for account titles Provided services on account. Account Name Account Type Increase/Decrease Debit/Credit Purchase of building with note Account Name Account Type Increase/Decrease Debit/Credit Enter the following transactions as journal entries. Record debits first, then credits Received $7,000 utility bill to be paid...
Activity 1.a - Post Transactions to T-accounts Enter the transactions into the T-accounts and then into...
Activity 1.a - Post Transactions to T-accounts Enter the transactions into the T-accounts and then into the four-column ledgers. Be sure to calculate the balance after each entry in the four-column ledgers. On Dec. 15, paid $7,000 cash for dividends. Dividends Dividends Date Explanation Ref Debit Credit Balance Cash Cash Date Explanation Ref Debit Credit Balance On Dec. 15, received 59,000 on account from a customer. Cash Cash Date Explanation Ref Debit Credit Balance Accounts Receivable Accounts Receivable Date Explanation...
Requirement 1, 3, and 4 1. Journalize the transactions given for July in the general journal....
Requirement 1, 3, and 4 1. Journalize the transactions given for July in the general journal. 3. Prepare a trial balance as of July 31. 4. Prepare the financial statements for July using the trial balance Previous PROBLEM 3-C Ledger Cards Account: Accounts Payable Date Explanation 8-Jul Debit 600,000 Debit Credit 28,800 CR Balance 28,800 Account: Cash Date Explanation 1-Jul 5-Jul 15-Jul 18-Jul 23-Jul 27-Jul 30-Jul 31-Jul 31-Jul 31-Jul DR Credit Balance 600,000 5,000 595,000 120,000 475,000 2,880 472,120 489,400...
Requirement 1. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable;...
Requirement 1. Record each transaction in the journal, using
the following account titles: Cash; Accounts Receivable; Office
Supplies; Prepaid Insurance; Land; Building; Furniture; Accounts
Payable; Utilities Payable; Notes Payable; Common Stock;
Dividends; Service Revenue; Salaries Expense; Rent Expense; and
Utilities Expense. Explanations are not required. (Record debits
first, then credits. Exclude explanations from journal
entries.)
Requirement 2. The following four-column accounts have been
opened: Cash, 101; Accounts Receivable, 111; Office Supplies,
121; Prepaid Insurance, 131; Land, 141; Building, 151;
Furniture,...
help pls case and if they are DR/CR. List accounts in order they would Collected cash...
help pls
case and if they are DR/CR. List accounts in order they would Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid cash for rent. Increase/Decrease Debit/Credit Account #1 Account Type Increase/Decrease Debit/Credit Account Type Account #2 Paid cash for land. Debit/Credit large Paid cash for land. Account 1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Accrued liability for utilities, Account #1 Account Type Increase/Decrease Debit/Credit Increase/Decrease Account...
Enter the transactions into the Journal Post the transactions to T-accounts determine each account's ending balance....
Enter the transactions into the Journal Post the transactions to T-accounts determine each account's ending balance. C. a. 1 March, John bought $2,600 of supplies on account from a local office supplier. b. 15 March, John billed his customers for $4,300 of services for the month. 25 March, John received $3,500 in payments for the services billed on 15 March d. 27 March, John paid $1,200 to the local office supplier for the supplies bought on 1 March General Journal...
Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends,...
Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Received cash for services rendered to a client Received cash for services rendered to a client Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type...
Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends,...
Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. Purchased equipment on account Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid cash for salaries Account #1 Account Type Increase/Decrease Debit/Credit Paid cash for salaries Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit...
Revenue Journal The following revenue transactions occurred during November: Nov. 3. Issued Invoice No. 80 to...
Revenue Journal The following revenue transactions occurred during November: Nov. 3. Issued Invoice No. 80 to Lemon Co. for services provided on account, $398. 12. Issued Invoice No. 81 to Triple A Inc. for services provided on account, $254. 28. Issued Invoice No. 82 to Murphy Inc. for services provided on account, $623. Record these three transactions in the following revenue journal. REVENUE JOURNAL DATE Invoice No. Account Debited Post. Ref. Accounts Rec. Dr. Fees Earned Cr. Nov. 3 Nov....
Activity 1.a - Post Transactions to T-accounts Use the information provided in the journal entry to post the transaction to the t-account. Post in DR/CR order Accounts and Explanation Debit Date Credit 21.000 Nov. 2 Cash Accounts Receivable Received cash on account from customer Date Accounts and Explanation Debit Credit Nov.s Building 41.200 Notes Payable 41.200 Purchase of building with note Accounts and explanation Debit Credit 4700 Pod for poly Date Accounts and Explanation Debit Credit Nov. 12 Land Cash...
Review the transactions and determine the accounts, the account types (use assets, liabilities, equity, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. Check your spelling carefully and do not abbreviate. Refer to the for account titles Provided services on account. Account Name Account Type Increase/Decrease Debit/Credit Purchase of building with note Account Name Account Type Increase/Decrease Debit/Credit Enter the following transactions as journal entries. Record debits first, then credits Received $7,000 utility bill to be paid...
Activity 1.a - Post Transactions to T-accounts Enter the transactions into the T-accounts and then into the four-column ledgers. Be sure to calculate the balance after each entry in the four-column ledgers. On Dec. 15, paid $7,000 cash for dividends. Dividends Dividends Date Explanation Ref Debit Credit Balance Cash Cash Date Explanation Ref Debit Credit Balance On Dec. 15, received 59,000 on account from a customer. Cash Cash Date Explanation Ref Debit Credit Balance Accounts Receivable Accounts Receivable Date Explanation...
Requirement 1, 3, and 4 1. Journalize the transactions given for July in the general journal. 3. Prepare a trial balance as of July 31. 4. Prepare the financial statements for July using the trial balance Previous PROBLEM 3-C Ledger Cards Account: Accounts Payable Date Explanation 8-Jul Debit 600,000 Debit Credit 28,800 CR Balance 28,800 Account: Cash Date Explanation 1-Jul 5-Jul 15-Jul 18-Jul 23-Jul 27-Jul 30-Jul 31-Jul 31-Jul 31-Jul DR Credit Balance 600,000 5,000 595,000 120,000 475,000 2,880 472,120 489,400...
Requirement 1. Record each transaction in the journal, using
the following account titles: Cash; Accounts Receivable; Office
Supplies; Prepaid Insurance; Land; Building; Furniture; Accounts
Payable; Utilities Payable; Notes Payable; Common Stock;
Dividends; Service Revenue; Salaries Expense; Rent Expense; and
Utilities Expense. Explanations are not required. (Record debits
first, then credits. Exclude explanations from journal
entries.)
Requirement 2. The following four-column accounts have been
opened: Cash, 101; Accounts Receivable, 111; Office Supplies,
121; Prepaid Insurance, 131; Land, 141; Building, 151;
Furniture,...
help pls
case and if they are DR/CR. List accounts in order they would Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid cash for rent. Increase/Decrease Debit/Credit Account #1 Account Type Increase/Decrease Debit/Credit Account Type Account #2 Paid cash for land. Debit/Credit large Paid cash for land. Account 1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Accrued liability for utilities, Account #1 Account Type Increase/Decrease Debit/Credit Increase/Decrease Account...
Enter the transactions into the Journal Post the transactions to T-accounts determine each account's ending balance. C. a. 1 March, John bought $2,600 of supplies on account from a local office supplier. b. 15 March, John billed his customers for $4,300 of services for the month. 25 March, John received $3,500 in payments for the services billed on 15 March d. 27 March, John paid $1,200 to the local office supplier for the supplies bought on 1 March General Journal...
Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Received cash for services rendered to a client Received cash for services rendered to a client Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type...
Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. Purchased equipment on account Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid cash for salaries Account #1 Account Type Increase/Decrease Debit/Credit Paid cash for salaries Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit...
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