Homework Answers
Journal entry
| Date | accounts and explanation | Debit | Credit |
| 2016 | Account receivable (96000*97%) | 93120 | |
| May 4 | Bank Charges | 2880 | |
| Sales revenue | 96000 | ||
| (To record sales) |
Journal entry
| Date | accounts and explanation | Debit | Credit |
| 2016 | Notes receivable | 23000 | |
| Sep 1 | cash | 23000 | |
| (To record loan given) |
Journal entry
| Date | accounts and explanation | Debit | Credit |
| 2016 | Interest receivable | 920 | |
| Dec 31 | Interest revenue (23000*12%*4/12) | 920 | |
| (To record accrued interest) |
Journal entry
| Date | accounts and explanation | Debit | Credit |
| 2016 | Cash | 25760 | |
| Sep 1 | Notes receivable | 23000 | |
| Interest receivable | 920 | ||
| Interest revenue | 1840 | ||
| (To record maturity) |
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Distance Running Shoes reports the following: 2016 May 4 Recorded credit card sales of $96.000, net...
First Place Running Shoes reports the following: 2016 Jan. 4 Recorded credit card sales of $91,000,...
First Place Running Shoes reports the following: 2016 Jan. 4 Recorded credit card sales of $91,000, net of processor fee of 3%. Ignore Cost of Goods Sold. Sep. 1 Loaned $12,000 to Jean Porter, an executive with the company, on a one-year, 8% note. Dec. 31 Accrued interest revenue on the Porter note. 2017 Sep. 1 Collected the maturity value of the Porter note. Journalize all entries required for First Place Running Shoes. (Record debits first, then credits. Select the...
First Place Running Shoes reports the following: 2016 May 3 Oct. 1 Dec. 31 Recorded credit...
First Place Running Shoes reports the following: 2016 May 3 Oct. 1 Dec. 31 Recorded credit card sales of $93,000, net of processor fee of 1%. Ignore Cost of Goods Sold. Loaned $17,000 to Jackie Parker, an executive with the company, on a one-year, 6% note. Accrued interest revenue on the Parker note. 2017 Oct. 1 Collected the maturity value of the Parker note. Journalize all entries required for First Place Running Shoes. (Record debits first, then credits. Select the...
Also, please explain why interest revenue and interest receivable answer is 510. Fast Cat Running Shoes...
Also, please explain why interest revenue and interest
receivable answer is 510.
Fast Cat Running Shoes reports the following: 2016 May 6 Recorded credit card sales of $101,000, net of processor fee of 3%. Ignore Cost of Goods Sold Jul. 1 Loaned $17,000 to Tess Pinket, an executive with the company, on a one-year, 6% note. Dec. 31 Accrued interest revenue on the Pinket note. 2017 Jul. 1 Collected the maturity value of the Pinket note. Dec 31, 2016: Accrued...
please explain why answet is 720 Gold Medal Running Shoes reports the following 2016 Jan. 3...
please explain why answet is 720
Gold Medal Running Shoes reports the following 2016 Jan. 3 Recorded credit card sales of $110,000, net of processor fee of 3%. Ignore Cost of Goods Sold. Oct. 1 Loaned $12,000 to Jerry Pinket, an executive with the company, on a one-year 8% note. Dec. 31 Accrued interest revenue on the Pinket note 2017 Oct 1 Collected the maturity value of the Pinket note. Journalize all entries required for Gold Medal Running Shoes (Record...
Q2 Ch9 First Place Running Shoes reports the following: i (Click the loon to view the...
Q2 Ch9
First Place Running Shoes reports the following: i (Click the loon to view the information) Joumalize all entries required for First Place Running Shoes (Record debits first, then credits. Select the explanation the last line of the journal entry table) Mar. 2. 2018. Recorded credit sales of $104,000. Igrare Cost of Goods Suld. Date Accounts and Explanation Debit Credit 2018 Mar. 2 i More Info 2018 Mar. 2 Recorded credit sales of $104,000. Ignore Cost of Goods Sold....
Quick Running Shoes reports the following: (Click the icon to view the information.) Journalize all entries...
Quick Running Shoes reports the following: (Click the icon to view the information.) Journalize all entries required for Quick Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit More Info - X 2024 Apr. 3 96,000 Accounts Receivable Sales Revenue 96,000 2024 Apr. 3 Record credit sales Oct. 1 Recorded credit sales of $96.000. Ignore Cost of Goods Sold. Laaned $17,000 to Karen Parker,...
E8-22 Journalizing credit sales, note receivable transactions, and accruing interest Endurance Running Shoes reports the following:...
E8-22 Journalizing credit sales, note receivable transactions, and accruing interest Endurance Running Shoes reports the following: \02 2018 May 6 Recorded credit sales of $102,000. Ignore Cost of Goods Sold. Jul. 1 Loaned $18,000 to Jerry Paul, an executive with the company, on a one-year, 7% note.e Jd NR cl-Ccsn Dec. 31 ACcrued interest revenue on the Paul note. 2019 cetle idner a Collected the maturity value of the Paul note. Jul. 1 Journalize all entries required for Endurance Running...
Quick Running Shoes reports the following Click the icon to view the information) Journalize all entries...
Quick Running Shoes reports the following Click the icon to view the information) Journalize all entries required for Quick Running Shoes (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Feb. 6. 2018Recorded credit sales of $107.000. Ignore Cost of Goods Sold Date Accounts and Explanation Debit Credit 2018 Feb. 6 Accounts Receivable Sales Revenue Record credit sales Jul 1, 2018: Loaned $12,000 to Karen Parker, an executive with the company, on...
i More Info Quick Running Shoes reports the following: (Click the icon to view the transaction...
i More Info Quick Running Shoes reports the following: (Click the icon to view the transaction information.) Journalize all entries required for Quick Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. 2018 Jul. 1 15 Jul. 4. 2018: Recorded credit card sales of $145,000, net of processor fee of 1%. Ignore Cost of Goods Sold. (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit Recorded North...
Jan. 3?, 2018?: Recorded credit sales of $ 106 comma 000. Ignore Cost of Goods Sold....
Jan. 3?, 2018?: Recorded credit sales of $ 106 comma 000. Ignore Cost of Goods Sold. Date Accounts and Explanation Debit Credit 2018 Jan. 3 Oct. ?1, 2018?: Loaned $ 15 comma 000 to Karen Pinket?, an executive with the? company, on a? one-year, 16?% note. Date Accounts and Explanation Debit Credit 2018 Oct. 1 Dec. 31?, 2018?: Accrued interest revenue on the Pinket note. Date Accounts and Explanation Debit Credit 2018 Dec. 31 Oct. ?1, 2019?: Collected the maturity...
First Place Running Shoes reports the following: 2016 Jan. 4 Recorded credit card sales of $91,000, net of processor fee of 3%. Ignore Cost of Goods Sold. Sep. 1 Loaned $12,000 to Jean Porter, an executive with the company, on a one-year, 8% note. Dec. 31 Accrued interest revenue on the Porter note. 2017 Sep. 1 Collected the maturity value of the Porter note. Journalize all entries required for First Place Running Shoes. (Record debits first, then credits. Select the...
First Place Running Shoes reports the following: 2016 May 3 Oct. 1 Dec. 31 Recorded credit card sales of $93,000, net of processor fee of 1%. Ignore Cost of Goods Sold. Loaned $17,000 to Jackie Parker, an executive with the company, on a one-year, 6% note. Accrued interest revenue on the Parker note. 2017 Oct. 1 Collected the maturity value of the Parker note. Journalize all entries required for First Place Running Shoes. (Record debits first, then credits. Select the...
Also, please explain why interest revenue and interest
receivable answer is 510.
Fast Cat Running Shoes reports the following: 2016 May 6 Recorded credit card sales of $101,000, net of processor fee of 3%. Ignore Cost of Goods Sold Jul. 1 Loaned $17,000 to Tess Pinket, an executive with the company, on a one-year, 6% note. Dec. 31 Accrued interest revenue on the Pinket note. 2017 Jul. 1 Collected the maturity value of the Pinket note. Dec 31, 2016: Accrued...
please explain why answet is 720
Gold Medal Running Shoes reports the following 2016 Jan. 3 Recorded credit card sales of $110,000, net of processor fee of 3%. Ignore Cost of Goods Sold. Oct. 1 Loaned $12,000 to Jerry Pinket, an executive with the company, on a one-year 8% note. Dec. 31 Accrued interest revenue on the Pinket note 2017 Oct 1 Collected the maturity value of the Pinket note. Journalize all entries required for Gold Medal Running Shoes (Record...
Q2 Ch9
First Place Running Shoes reports the following: i (Click the loon to view the information) Joumalize all entries required for First Place Running Shoes (Record debits first, then credits. Select the explanation the last line of the journal entry table) Mar. 2. 2018. Recorded credit sales of $104,000. Igrare Cost of Goods Suld. Date Accounts and Explanation Debit Credit 2018 Mar. 2 i More Info 2018 Mar. 2 Recorded credit sales of $104,000. Ignore Cost of Goods Sold....
Quick Running Shoes reports the following: (Click the icon to view the information.) Journalize all entries required for Quick Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit More Info - X 2024 Apr. 3 96,000 Accounts Receivable Sales Revenue 96,000 2024 Apr. 3 Record credit sales Oct. 1 Recorded credit sales of $96.000. Ignore Cost of Goods Sold. Laaned $17,000 to Karen Parker,...
E8-22 Journalizing credit sales, note receivable transactions, and accruing interest Endurance Running Shoes reports the following: \02 2018 May 6 Recorded credit sales of $102,000. Ignore Cost of Goods Sold. Jul. 1 Loaned $18,000 to Jerry Paul, an executive with the company, on a one-year, 7% note.e Jd NR cl-Ccsn Dec. 31 ACcrued interest revenue on the Paul note. 2019 cetle idner a Collected the maturity value of the Paul note. Jul. 1 Journalize all entries required for Endurance Running...
Quick Running Shoes reports the following Click the icon to view the information) Journalize all entries required for Quick Running Shoes (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Feb. 6. 2018Recorded credit sales of $107.000. Ignore Cost of Goods Sold Date Accounts and Explanation Debit Credit 2018 Feb. 6 Accounts Receivable Sales Revenue Record credit sales Jul 1, 2018: Loaned $12,000 to Karen Parker, an executive with the company, on...
i More Info Quick Running Shoes reports the following: (Click the icon to view the transaction information.) Journalize all entries required for Quick Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. 2018 Jul. 1 15 Jul. 4. 2018: Recorded credit card sales of $145,000, net of processor fee of 1%. Ignore Cost of Goods Sold. (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit Recorded North...
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