On April 30, Cary's Carpet Cleaning, Inc Provided $500 of carpet cleaning services to a costumer...
On April 30, Cary's Carpet Cleaning, Inc Provided $500 of carpet cleaning services to a costumer with payment to be received in May.
Complete the necessary adjustment for the month of April
Homework Answers
The entry would be
| Account | Debit | Credit |
| Accounts Receivable | $500 | |
| Cleaning revenue | $500 |
Add Answer to:
On April 30, Cary's Carpet Cleaning, Inc Provided $500 of carpet
cleaning services to a costumer...
Knowledge Check 01 The unadjusted trial balance of Cary's Carpet Cleaning, Inc. reports $3,600 of Deferred...
Knowledge Check 01 The unadjusted trial balance of Cary's Carpet Cleaning, Inc. reports $3,600 of Deferred Revenue, which represents the amounts that a major industrial customer had paid in advance for carpet cleaning during the months of April and May. By cleaning carpets during April, the company has fulfilled $2,000 of its obligation. Complete the necessary adjustment for the month of April. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)...
Bob Sample and other student investors opened Campus Carpet Cleaning, Inc. on Septem- ber 1, 2014....
Bob Sample and other student investors opened Campus Carpet Cleaning, Inc. on Septem- ber 1, 2014. During the first month of operations, the following transactions occurred. September 1 - Stockholders invested $20,000 cash in the business. September 2 - Paid $1,000 cash for store rent for the month of September. September 3 - industrial carpet-cleaning equipment for $25,000, paying $10,000 in cash and signing a $15,000 6-month, 12% note payable. September 4 - Paid $1,200 for 1-year accident insurance policy....
Cissi Jean Oliver opened Cleaning Angels, Inc. on March 31, 2019. During April, the following transactions...
Cissi Jean Oliver opened Cleaning Angels, Inc. on March 31, 2019. During April, the following transactions were completed: Apr 1 Issued 5,000 shares of Cleaning Angels common stock for $13,000. Each share has a $1.00 par. 1 Borrowed $8,000 on a 2-year, 9% note payable. 1 Paid $9,020 to purchase used floor and window cleaning equipment from a company going out of business ($4,820 was for the floor equipment and $4,200 for the window equipment). 1 Paid...
Abdullah and Careem investors opened Campus Carpet Cleaning, Company. on September 1, 2012. During the first...
Abdullah and Careem investors opened Campus Carpet Cleaning,
Company. on
September 1, 2012. During the first month of operations, the
following transactions
occurred.
Sept. 1 Stockholders invested $20,000 cash in the business.
2 Paid $1,000 cash for store rent for the month of
September.
3 Purchased industrial carpet-cleaning equipment for $25,000,
paying $10,000
in cash and signing a $15,000 note payable.
10 Received bill from the Daily News for advertising the opening
of the cleaning
service, $200.
15 Performed services...
Wildhorse Inc.’s general ledger at April 30, 2021, included the following: Cash $6,600; Supplies $400; Equipment...
Wildhorse Inc.’s general ledger at April 30, 2021, included the
following: Cash $6,600; Supplies $400; Equipment $21,000; Accounts
Payable $2,100; Deferred Revenue (from gift certificates) $1,100;
Bank Loan Payable $10,000; Common Shares $5,000; and Retained
Earnings $9,800. The following transactions occurred during
May:
May
1
Paid rent for the month of May,
$1,100.
4
Paid $1,500 of the account payable
outstanding at April 30.
7
Issued gift certificates for future
services for $1,800 cash.
15
Received $2,900 from customers for...
Ivanhoe Inc.’s general ledger at April 30, 2021, included the following: Cash $5,000; Supplies $300; Equipment...
Ivanhoe Inc.’s general ledger at April 30, 2021, included the following: Cash $5,000; Supplies $300; Equipment $20,000; Accounts Payable $2,100; Deferred Revenue (from gift certificates) $1,200; Bank Loan Payable $10,000; Common Shares $5,000; and Retained Earnings $7,000. The following transactions occurred during May: May 1 Paid rent for the month of May, $1,200. 4 Paid $1,200 of the account payable outstanding at April 30. 7 Issued gift certificates for future services for $1,500 cash. 15 Received $2,100 from customers for...
Abdullah and Careem investors opened Campus Carpet Cleaning, Company. on September 1, 2012. During the first...
Abdullah and Careem investors opened Campus Carpet Cleaning, Company. on September 1, 2012. During the first month of operations, the following transactions occurred. Sept. 1 Stockholders invested $20,000 cash in the business. 2 Paid $1,000 cash for store rent for the month of September. 3 Purchased industrial carpet-cleaning equipment for $25,000, paying $10,000 in cash and signing a $15,000 note payable. Received bill from the Daily News for advertising the opening of the cleaning service, $200 10 15 Performed services...
Transaction Entries Final Clean, a firm providing house-cleaning services, began business on April 1. The following...
Transaction Entries Final Clean, a firm providing house-cleaning services, began business on April 1. The following accounts in its general ledger are needed to record the transactions for April: Cash: Accounts Receivable; Supplies; Prepaid Van Lease; Equipment Accounts Payable; Notes Payable Common Stock Retained Earnings, Dividends; Cleaning Fees Earned; Wage Expense; Advertising Expense; and Fuel Expense. 1 Randy Smith invested $14.000 cash to begin the business he received common stock for his imvestment. April 2 Paid six months' lease on...
Services, Inc. a firm who provides pest control services to customers. Identify the appropriate account to...
Services, Inc. a firm who provides pest control services to customers. Identify the appropriate account to debit and credit for each of the following transactions April 1. Vamonos Pest Services, Inc. paid $2,000 rent for the month of April. April 1st Select $2.000 Select $2.000 April 1. Vamonos Pest Services, Inc. provided pest control services to customers for $12.000. April 1st Select) $12.000 Select) $12,000 April 3 - Vamonos Pest Services, Inc. purchased supplies on account for $3.200. April 3rd...
Preparing Journal Entries and Posting B. Fischer started Fischer Company, a cleaning services firm, on April...
Preparing Journal Entries and Posting
B. Fischer started Fischer Company, a cleaning services firm, on
April 1.
April 1 B. Fischer invested $5,400 cash to begin the business in
exchange for common stock.
April 2 Paid $1,710 cash for six months’ lease on a van for the
business.
April 3 Borrowed $6,000 cash from a bank and signed a note payable,
agreeing to repay it in one year plus 10% interest.
April 4 Purchased $3,300 in cleaning equipment; the company...
Knowledge Check 01 The unadjusted trial balance of Cary's Carpet Cleaning, Inc. reports $3,600 of Deferred Revenue, which represents the amounts that a major industrial customer had paid in advance for carpet cleaning during the months of April and May. By cleaning carpets during April, the company has fulfilled $2,000 of its obligation. Complete the necessary adjustment for the month of April. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)...
Abdullah and Careem investors opened Campus Carpet Cleaning,
Company. on
September 1, 2012. During the first month of operations, the
following transactions
occurred.
Sept. 1 Stockholders invested $20,000 cash in the business.
2 Paid $1,000 cash for store rent for the month of
September.
3 Purchased industrial carpet-cleaning equipment for $25,000,
paying $10,000
in cash and signing a $15,000 note payable.
10 Received bill from the Daily News for advertising the opening
of the cleaning
service, $200.
15 Performed services...
Wildhorse Inc.’s general ledger at April 30, 2021, included the
following: Cash $6,600; Supplies $400; Equipment $21,000; Accounts
Payable $2,100; Deferred Revenue (from gift certificates) $1,100;
Bank Loan Payable $10,000; Common Shares $5,000; and Retained
Earnings $9,800. The following transactions occurred during
May:
May
1
Paid rent for the month of May,
$1,100.
4
Paid $1,500 of the account payable
outstanding at April 30.
7
Issued gift certificates for future
services for $1,800 cash.
15
Received $2,900 from customers for...
Abdullah and Careem investors opened Campus Carpet Cleaning, Company. on September 1, 2012. During the first month of operations, the following transactions occurred. Sept. 1 Stockholders invested $20,000 cash in the business. 2 Paid $1,000 cash for store rent for the month of September. 3 Purchased industrial carpet-cleaning equipment for $25,000, paying $10,000 in cash and signing a $15,000 note payable. Received bill from the Daily News for advertising the opening of the cleaning service, $200 10 15 Performed services...
Transaction Entries Final Clean, a firm providing house-cleaning services, began business on April 1. The following accounts in its general ledger are needed to record the transactions for April: Cash: Accounts Receivable; Supplies; Prepaid Van Lease; Equipment Accounts Payable; Notes Payable Common Stock Retained Earnings, Dividends; Cleaning Fees Earned; Wage Expense; Advertising Expense; and Fuel Expense. 1 Randy Smith invested $14.000 cash to begin the business he received common stock for his imvestment. April 2 Paid six months' lease on...
Services, Inc. a firm who provides pest control services to customers. Identify the appropriate account to debit and credit for each of the following transactions April 1. Vamonos Pest Services, Inc. paid $2,000 rent for the month of April. April 1st Select $2.000 Select $2.000 April 1. Vamonos Pest Services, Inc. provided pest control services to customers for $12.000. April 1st Select) $12.000 Select) $12,000 April 3 - Vamonos Pest Services, Inc. purchased supplies on account for $3.200. April 3rd...
Preparing Journal Entries and Posting
B. Fischer started Fischer Company, a cleaning services firm, on
April 1.
April 1 B. Fischer invested $5,400 cash to begin the business in
exchange for common stock.
April 2 Paid $1,710 cash for six months’ lease on a van for the
business.
April 3 Borrowed $6,000 cash from a bank and signed a note payable,
agreeing to repay it in one year plus 10% interest.
April 4 Purchased $3,300 in cleaning equipment; the company...
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