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Journal
| No |
Date |
Account Title and Explanation |
Debit |
Credit |
| 7 | January 31 | Interest expense | 583 | |
| Note payable (Long-term) | 1,397 | |||
| Cash | 1,980 |
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[The following information applies to the questions displayed below] On January 1, 2021, the general ledger...
On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Credit...
On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Credit Debit $ 11, 200 34,899 $ 1,800 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Buildings Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Totals 152,990 67,300 120,00 9,600 17,790 299, 155, 480 $384,500 $384,500 During January 2021, the following transactions occur January Borrow $100,eee from Captive Credit Corporation. The installment note bears interest at 7% annually and matures in 5 years....
Required Information The following information applies to the questions displayed below. On January 1, 2021, the...
Required Information The following information applies to the questions displayed below. On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Accounts Credit Debit $ 26, see 49, ese $ 5,600 21,420 be, se 22,00 Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, 2822) Common Stock Retained Earnings Totals 2,920 29,90 64.ee 49.ee 27, see $178,928 $178,920 During January 2021, the following transactions occur:...
Required information [The following information applies to the questions displayed below.] On January 1, 2021, the...
Required information [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Accounts Debit Credit Cash $ 26,200 Accounts Receivable 48,400 Allowance for Uncollectible Accounts $ 5,300 Inventory 21,100 Land 57,000 Equipment 20,500 Accumulated Depreciation 2,600 Accounts Payable 29,600 Notes Payable (6%, due April 1, 2022) 61,000 Common Stock 46,000 Retained Earnings 28,700 Totals $ 173,200 $ 173,200 During January 2021, the following transactions occur: January...
[The following information applies to the questions displayed below.] On January 1, 2018, the general...
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Required information [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances: Accounts Debit Credit Cash $ 23,900 Accounts Receivable 13,600 Allowance for Uncollectible Accounts $ 1,400 Supplies 2,500 Notes Receivable (6%, due in 2 years) 20,000 Land 77,000 Accounts Payable 7,200 Common Stock 96,000 Retained Earnings 32,400 Totals $ 137,000 $ 137,000 During January 2021, the following transactions occur: January 2 Provide services to...
[The following information applies to the questions displayed below.] On January 1, 2018, the general ledger of ACME Fireworks includes the following account balances: Accounts Debit Cre...
[The following information applies to the questions displayed below.] On January 1, 2018, the general ledger of ACME Fireworks includes the following account balances: Accounts Debit Credit Cash $ 26,900 Accounts Receivable 49,800 Allowance for Uncollectible Accounts $ 6,000 Inventory 21,800 Land 64,000 Equipment 24,000 Accumulated Depreciation 3,300 Accounts Payable 30,300 Notes Payable (6%, due April 1, 2019) 68,000 Common Stock 53,000 Retained Earnings 25,900 Totals $ 186,500 $ 186,500 During January 2018, the following transactions occur: January 2. Sold...
Required information [The following information applies to the questions displayed below.) On January 1, 2021, the...
Required information [The following information applies to the questions displayed below.) On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances: Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Accounts Payable Notes Payable (6%, due in 3 years) Common Stock Retained Earnings Totals Debit Credit $ 22,700 38,500 $ 3,900 34,000 67,600 30,400 34,000 60,000 34,500 $162,800 $162,800 The $34,000 beginning balance of inventory consists of 340 units, each costing $100. During...
Clooney Corp Required information On January 1, 2021, the general ledger of ACME Fireworks includes the...
Clooney Corp
Required information On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Credit Debit $ 25,100 46,200 $ 4,200 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, 2022) Common Stock Retained Earnings Totals 20,000 46,000 15,000 1,500 28,500 50,000 35,000 33, 100 $152,300 $152,300 During January 2021, the following transactions occur January 2 Sold gift cards totaling $8,000. The cards...
On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Credit...
On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Credit Debit $ 25,100 46,200 $ 4,200 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, 2022) Common Stock Retained Earnings 20,000 46,000 15,000 1,500 28,500 50,000 35,000 33,100 $152,300 Totals $152,300 During January 2021, the following transactions occur: January 2 Sold gift cards totaling $8,000. The cards are redeemable for merchandise within...
On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Accounts...
On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Accounts Debit Credit Cash $ 11,700 Accounts Receivable 35,000 Inventory 152,500 Land 72,300 Buildings 125,000 Allowance for Uncollectible Accounts $ 2,300 Accumulated Depreciation 10,100 Accounts Payable 23,200 Common Stock 205,000 Retained Earnings 155,900 Totals $ 396,500 $ 396,500 During January 2021, the following transactions occur: January 1 Borrow $105,000 from Captive Credit Corporation. The installment note bears interest at 6% annually and matures in 5...
On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Credit Debit $ 11, 200 34,899 $ 1,800 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Buildings Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Totals 152,990 67,300 120,00 9,600 17,790 299, 155, 480 $384,500 $384,500 During January 2021, the following transactions occur January Borrow $100,eee from Captive Credit Corporation. The installment note bears interest at 7% annually and matures in 5 years....
Required Information The following information applies to the questions displayed below. On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Accounts Credit Debit $ 26, see 49, ese $ 5,600 21,420 be, se 22,00 Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, 2822) Common Stock Retained Earnings Totals 2,920 29,90 64.ee 49.ee 27, see $178,928 $178,920 During January 2021, the following transactions occur:...
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Clooney Corp
Required information On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Credit Debit $ 25,100 46,200 $ 4,200 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, 2022) Common Stock Retained Earnings Totals 20,000 46,000 15,000 1,500 28,500 50,000 35,000 33, 100 $152,300 $152,300 During January 2021, the following transactions occur January 2 Sold gift cards totaling $8,000. The cards...
On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Credit Debit $ 25,100 46,200 $ 4,200 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, 2022) Common Stock Retained Earnings 20,000 46,000 15,000 1,500 28,500 50,000 35,000 33,100 $152,300 Totals $152,300 During January 2021, the following transactions occur: January 2 Sold gift cards totaling $8,000. The cards are redeemable for merchandise within...
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