Homework Answers
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| a. | Purchased equipment with cash. |
| b. | Paid cash dividends to stockholders. |
| c. | Paid wages owed to employees, previously recorded. |
| d. | Received equipment for business in exchange for common stock. |
| e. | Received cash from customer for work to be completed in future. |
| f. | Paid advertising with cash. |
| g. | Performed services and were paid by the customer. |
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Print 3. As the manager of Margarita Mexican Restaurant, you must deal with a variety of...
More Info Oct 2 Johnson Services received $65,000 cash and issued common stock to the stockholders...
More Info Oct 2 Johnson Services received $65,000 cash and issued common stock to the stockholders 3 Purchased supplies, $700, and equipment, $12,300, on account. 4 Performed services for a customer and received cash, $5,700 7 Paid cash to acquire land, $35,000. 11 Performed services for a customer and billed the customer, $3,100. Johnson expects to collect within one month. 16 Paid for the equipment purchased October 3 on account. 17 Paid for newspaper advertising, $620 18 Received partial payment...
On April 1, Adventures Travel Agency, Inc. began operations. The following transactions were completed during the month.
Exercise 2-9 On April 1, Adventures Travel Agency, Inc. began operations. The following transactions were completed during the month. 1. Stockholders invested $24,000 in the business in exchange for common stock. 2. Obtained a bank loan for $7,000 by issuing a note payable. 3. Paid $11,000 cash to buy equipment. 4. Paid $1,200 cash for April office rent. 5. Paid $1,450 for supplies. 5 Purchased $600 of advertising in the Daily Herald, on account. 7. Performed services for $18,000: cash of $2,000 was received from customers, and the...
create 1 journal entry for each date (12 total entries) More Info Oct 2 Gagne Services...
create 1 journal entry for each date (12 total entries)
More Info Oct 2 Gagne Services received $65,000 cash and issued common stock to the stockholders. 3 Purchased supplies, $600, and equipment, $12,100, on account. 4 Performed services for a customer and received cash, $5,500. 7 Paid cash to acquire land, $37,000. 11 Performed services for a customer and billed the customer, $4,300. Gagne expects to collect within one month. 16 Paid for the equipment purchased October 3 on account....
Brier Exercises- Presented below are a number of economic events. 1. Purchased supplies on account, $240....
Brier Exercises- Presented below are a number of economic events. 1. Purchased supplies on account, $240. 2. Provided a service on account, $510. 3. Paid salaries expense, $330. 4. Issued common shares in exchange for cash, $5,460. 5. Declared and paid $100 of dividends to shareholders. 6. Received cash from a customer who had previously been billed for services provided, $510 (see item 2). 7. Paid account owed to supplier on account, $240 (see item 1). 8. Paid for insurance...
Presented below are a number of economic events. 1. 5 mwi o nosa i Purchased supplies...
Presented below are a number of economic events. 1. 5 mwi o nosa i Purchased supplies on account, $230. Provided a service on account. $560. Paid salaries expense. $330. Issued common shares in exchange for cash, $6,000. Declared and paid $150 of dividends to shareholders. Received cash from a customer who had previously been billed for services provided, $560 (see item 2). Paid account owed to supplier on account, $230 (see item 1). Paid for insurance in advance $170. Received...
please check my answers if wrong please solve question LBL200 LJU Requirement 3. Prepare the trial...
please check my answers if wrong please solve question
LBL200 LJU Requirement 3. Prepare the trial balance of Johnson Services, Inc., at May 31 of the current year. Select the accounts that will appear in the trial balance. Then enter the account balances and total the debits and credits Review the account balances prepared in a previous step Johnson Services, Inc. Trial Balance May 31 0 More Info Account Debit Credit Cash 19190 Accounts receivable May 2 Johnson Services received...
Requirements 2 and 3. Prepare T-Accounts for each account. Insert in each T-account its September 30...
Requirements 2 and 3. Prepare T-Accounts for
each account. Insert in each T-account its September 30 balance as
given (example: Cash $2,300). Then, post the October transactions
to the T-accounts. Compute the balance in each account.
Common Stock Bal Bal (a) (b) 8,500 4,3001 Cash 23001 4,3001 6,400 (c) 14001 (th) 50001 (e) 4,400 1,700 3,300 Bal Bal 10809 Accounts Receivable 3,500 (e) Retained Eamings Bal Bal 2,8001 1,400 Bal 21001 Supplies Dividends Service Revenue Equipment 11,500 Bal Rent Expense...
instructions: Record these transactions in the general journal for Central Advertising Inc. Then post your journal...
instructions: Record these transactions in the general journal for Central Advertising Inc. Then post your journal entries in the t-accounts provided and prepare a trial balance. You may want to refer to Part 1 of this project where you have already analyzed these transactions. 84 General Journal You invested $13,000 in exchange for common stock to start Central Advertising Date Account PR Debt Credit 84 Purchased 6 months of insurance for $1500 cash 87 Purchased $8,000 of office equipment by...
On April 1, Larkspur, Inc. was established. These transactions were completed during the month. 1. Stockholders...
On April 1, Larkspur, Inc. was established. These transactions were completed during the month. 1. Stockholders invested $29,600 cash in the company in exchange for common stock. 2. Paid $690 cash for April office rent. 3. Purchased office equipment for $2,980 cash. 4. Purchased $110 of advertising in the Chicago Tribune, on account. 5. Paid $430 cash for office supplies. 6. Performed services worth $11,100. Cash of $3,700 is received from customers, and the balance of $7,400 is billed to...
Ayayai Company Adjusted Trial Balance July 31, 2019 No. Account Titles Debit Credit 101 Cash $10,800...
Ayayai Company Adjusted Trial Balance July 31, 2019 No. Account Titles Debit Credit 101 Cash $10,800 112 Accounts Receivable 8,800 157 Equipment 16,000 158 Accumulated Depreciation-Equip. $7.200 201 Accounts Payable 4,400 208 Unearned Rent Revenue 2.400 311 Common Stock 19,900 320 Retained Earnings 26,000 332 Dividends 16,300 400 Service Revenue 64,100 429 Rent Revenue 6,400 711 Depreciation Expense 7,600 726 Salaries and Wages Expense 55,800 732 Utilities Expense 15,100 $130,400 $130,400 Selected transactions for Oriole Company, an interior decorating firm,...
More Info Oct 2 Johnson Services received $65,000 cash and issued common stock to the stockholders 3 Purchased supplies, $700, and equipment, $12,300, on account. 4 Performed services for a customer and received cash, $5,700 7 Paid cash to acquire land, $35,000. 11 Performed services for a customer and billed the customer, $3,100. Johnson expects to collect within one month. 16 Paid for the equipment purchased October 3 on account. 17 Paid for newspaper advertising, $620 18 Received partial payment...
create 1 journal entry for each date (12 total entries)
More Info Oct 2 Gagne Services received $65,000 cash and issued common stock to the stockholders. 3 Purchased supplies, $600, and equipment, $12,100, on account. 4 Performed services for a customer and received cash, $5,500. 7 Paid cash to acquire land, $37,000. 11 Performed services for a customer and billed the customer, $4,300. Gagne expects to collect within one month. 16 Paid for the equipment purchased October 3 on account....
Brier Exercises- Presented below are a number of economic events. 1. Purchased supplies on account, $240. 2. Provided a service on account, $510. 3. Paid salaries expense, $330. 4. Issued common shares in exchange for cash, $5,460. 5. Declared and paid $100 of dividends to shareholders. 6. Received cash from a customer who had previously been billed for services provided, $510 (see item 2). 7. Paid account owed to supplier on account, $240 (see item 1). 8. Paid for insurance...
Presented below are a number of economic events. 1. 5 mwi o nosa i Purchased supplies on account, $230. Provided a service on account. $560. Paid salaries expense. $330. Issued common shares in exchange for cash, $6,000. Declared and paid $150 of dividends to shareholders. Received cash from a customer who had previously been billed for services provided, $560 (see item 2). Paid account owed to supplier on account, $230 (see item 1). Paid for insurance in advance $170. Received...
please check my answers if wrong please solve question
LBL200 LJU Requirement 3. Prepare the trial balance of Johnson Services, Inc., at May 31 of the current year. Select the accounts that will appear in the trial balance. Then enter the account balances and total the debits and credits Review the account balances prepared in a previous step Johnson Services, Inc. Trial Balance May 31 0 More Info Account Debit Credit Cash 19190 Accounts receivable May 2 Johnson Services received...
Requirements 2 and 3. Prepare T-Accounts for
each account. Insert in each T-account its September 30 balance as
given (example: Cash $2,300). Then, post the October transactions
to the T-accounts. Compute the balance in each account.
Common Stock Bal Bal (a) (b) 8,500 4,3001 Cash 23001 4,3001 6,400 (c) 14001 (th) 50001 (e) 4,400 1,700 3,300 Bal Bal 10809 Accounts Receivable 3,500 (e) Retained Eamings Bal Bal 2,8001 1,400 Bal 21001 Supplies Dividends Service Revenue Equipment 11,500 Bal Rent Expense...
instructions: Record these transactions in the general journal for Central Advertising Inc. Then post your journal entries in the t-accounts provided and prepare a trial balance. You may want to refer to Part 1 of this project where you have already analyzed these transactions. 84 General Journal You invested $13,000 in exchange for common stock to start Central Advertising Date Account PR Debt Credit 84 Purchased 6 months of insurance for $1500 cash 87 Purchased $8,000 of office equipment by...
On April 1, Larkspur, Inc. was established. These transactions were completed during the month. 1. Stockholders invested $29,600 cash in the company in exchange for common stock. 2. Paid $690 cash for April office rent. 3. Purchased office equipment for $2,980 cash. 4. Purchased $110 of advertising in the Chicago Tribune, on account. 5. Paid $430 cash for office supplies. 6. Performed services worth $11,100. Cash of $3,700 is received from customers, and the balance of $7,400 is billed to...
Ayayai Company Adjusted Trial Balance July 31, 2019 No. Account Titles Debit Credit 101 Cash $10,800 112 Accounts Receivable 8,800 157 Equipment 16,000 158 Accumulated Depreciation-Equip. $7.200 201 Accounts Payable 4,400 208 Unearned Rent Revenue 2.400 311 Common Stock 19,900 320 Retained Earnings 26,000 332 Dividends 16,300 400 Service Revenue 64,100 429 Rent Revenue 6,400 711 Depreciation Expense 7,600 726 Salaries and Wages Expense 55,800 732 Utilities Expense 15,100 $130,400 $130,400 Selected transactions for Oriole Company, an interior decorating firm,...
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