Required:
1. Prepare journal entries in good form for the transactions
above.
2. Post the journal entries into T-accounts (make sure you have a
total amount for each account).
3. Complete the unadjusted trial balance in good form as of August
31, 2020 (make sure you have headers and totals).
Plz, type the answer thanks a lot.
Homework Answers
Add Answer to:
Required:
1. Prepare journal entries in good form for the transactions
above.
2. Post the journal...
PLZ DON'T USE HANDWRITING, TYPE OUT THE ANSWER. THANK YOU Required: 1. Prepare journal entries in...
PLZ DON'T USE HANDWRITING, TYPE OUT THE ANSWER.
THANK YOU
Required:
1. Prepare journal entries in good form for the transactions
above.
2. Post the journal entries into T-accounts (make sure you have a
total amount for each account).
Again, PLZ TYPE THE ANSWER
The following is a list of transactions that have occurred during the month of August. Date- August 12 August 14 August 2- August 2- August 3- August 4- August 52 August 10- August 15+ August 18+...
PLZ DON'T USE HANDWRITING, TYPE OUT THE ANSWER. THANK YOU 1. Complete the unadjusted trial balance...
PLZ DON'T USE HANDWRITING, TYPE OUT THE ANSWER.
THANK YOU
1. Complete the unadjusted trial balance in good form as of
August 31, 2020 (make sure you have headers and totals).
Plz, type the answer thanks a lot.
The following is a list of transactions that have occurred during the month of August. Date- August 12 August 14 August 2- August 2- August 3- August 4- August 52 August 10- August 15+ August 18+ August 22 August 28- August 312...
Using the journal entry form that is in files prepare the correct journal entries for each...
Using the journal entry form that is in files prepare the correct journal entries for each of the transactions listed below. Use the Chart of Accounts for the account title and numbers. Transactions Date 08/01 Issued capital stock for cash $150,000 08/03 Borrowed $40,000 from the bank on a note 08/04 Purchased cleaning equipment for $25,000 cash 08/06 Performed services for customers on account for $16.000 08/07 Paid rent for the month in the amount of $2.800 08/08 Collected $16,000...
Business - Homework #1 Part A: Prepare in good form the following journal entries: June 1...
Business - Homework #1 Part A: Prepare in good form the following journal entries: June 1 The company received cash of $35,000 and issued common stock to the shareholders. 2 Borrowed $20,000 from the bank and signed a long-term note payable. 8 Purchased equipment with a short-term note payable for $10,000. 9 Rendered services billed at $3,000 and received cash of $3,000. 10 Performed services for a client on account, $6,500. 12 Employees worked two weeks and were paid salaries...
Question 2 For the following transactions shown below, you are required to 1) prepare the journal...
Question 2 For the following transactions shown below, you are required to 1) prepare the journal entries, 2) post the T-accounts, and 3) extract the trial balance. Newbell Dry Cleaning Company opened its business bank account by depositing $60,000 on August 1. Purchased supplies for $1,100 cash Purchased dry cleaning equipment from Sears Corporation for $17,500, making a down payment of $7,500 cash. The remainder is placed on account. Paid rent for the month in the amount of $4,12 Cash...
Prepare the necessary journal entries for the above transactions; if a journal entry is not required...
Prepare the necessary journal entries for the above
transactions; if a journal entry is not required explain
why.
Jan The owners, Brad & Jennifer, each put up $250,000 cash as an initial investment into the company. 2 Purchased a pizza oven for $22,000. 3 Purchased inventory from Sysco Company on account for $21,000. 4 Hired five employees to begin work on Feb 15; the salaries for each employee will be set at $12/hour and they are each expected to work...
Recording Journal Entries Dynamic Corporation completed the following transactions during the month of March 2020. Prepare...
Recording Journal Entries
Dynamic Corporation completed the following transactions during
the month of March 2020. Prepare journal entries to record the
transactions.
1. Issued 30,000 shares of its own common stock for $300,000
cash.
2. Borrowed $150,000 cash in return for a 9%, one-year note
payable.
3. Purchased equipment at a net cash cost of $150,000 with
cash.
4. Purchased inventory on account for $120,000. Assume that the
company uses the perpetual inventory system.
5. Sold merchandise for $150,000 (and...
identifying transactions and preparing journal entries M2-15 Identifying Transactions and Preparing Journal Entries (LO 2-3] 75...
identifying transactions and preparing journal
entries
M2-15 Identifying Transactions and Preparing Journal Entries (LO 2-3] 75 points At the beginning of August, Joel Henry founded Bookmart.com, which sells new and used books online. He is passionate about books but does not have a lot of accounting experience. eBook Print a. The company purchased equipment for $4,000 cash. The equipment is expected to be used for 10 or more years. b. Joel's business bought $7,000 worth of inventory from a publisher....
Part 3: Journal Entries 20 Points Prepare Journal entries of the following transactions. A business is...
Part 3: Journal Entries 20 Points Prepare Journal entries of the following transactions. A business is started by receiving $5,000 cash from the owner A business purchases land for $100,000 cash. A business purchases supplies for $200 on account. A business renders services to its cystomer and collects $900 cash. A business renders services to its customer for $350 on account. A business pays salary expense of $4,000 in cash. In a previous month, the business purchased supplies for $800...
11:23 LTE E Done 2 of 2 Write Journal Entries, in good form, for the following...
11:23 LTE E Done 2 of 2 Write Journal Entries, in good form, for the following transactions. You do not need to write explanations. A. A Company purchased a car for $20,000 with cash. B. A Company purchased a building for $125,000 with a mortgage C. A Company purchased inventory of $25,000, on account. D. A Company paid $1,000 on an Accounts Payable amount owed to a vendor. E. A Company paid utilities of $500. F. A Company paid salaries...
PLZ DON'T USE HANDWRITING, TYPE OUT THE ANSWER.
THANK YOU
Required:
1. Prepare journal entries in good form for the transactions
above.
2. Post the journal entries into T-accounts (make sure you have a
total amount for each account).
Again, PLZ TYPE THE ANSWER
The following is a list of transactions that have occurred during the month of August. Date- August 12 August 14 August 2- August 2- August 3- August 4- August 52 August 10- August 15+ August 18+...
PLZ DON'T USE HANDWRITING, TYPE OUT THE ANSWER.
THANK YOU
1. Complete the unadjusted trial balance in good form as of
August 31, 2020 (make sure you have headers and totals).
Plz, type the answer thanks a lot.
The following is a list of transactions that have occurred during the month of August. Date- August 12 August 14 August 2- August 2- August 3- August 4- August 52 August 10- August 15+ August 18+ August 22 August 28- August 312...
Using the journal entry form that is in files prepare the correct journal entries for each of the transactions listed below. Use the Chart of Accounts for the account title and numbers. Transactions Date 08/01 Issued capital stock for cash $150,000 08/03 Borrowed $40,000 from the bank on a note 08/04 Purchased cleaning equipment for $25,000 cash 08/06 Performed services for customers on account for $16.000 08/07 Paid rent for the month in the amount of $2.800 08/08 Collected $16,000...
Business - Homework #1 Part A: Prepare in good form the following journal entries: June 1 The company received cash of $35,000 and issued common stock to the shareholders. 2 Borrowed $20,000 from the bank and signed a long-term note payable. 8 Purchased equipment with a short-term note payable for $10,000. 9 Rendered services billed at $3,000 and received cash of $3,000. 10 Performed services for a client on account, $6,500. 12 Employees worked two weeks and were paid salaries...
Prepare the necessary journal entries for the above
transactions; if a journal entry is not required explain
why.
Jan The owners, Brad & Jennifer, each put up $250,000 cash as an initial investment into the company. 2 Purchased a pizza oven for $22,000. 3 Purchased inventory from Sysco Company on account for $21,000. 4 Hired five employees to begin work on Feb 15; the salaries for each employee will be set at $12/hour and they are each expected to work...
Recording Journal Entries
Dynamic Corporation completed the following transactions during
the month of March 2020. Prepare journal entries to record the
transactions.
1. Issued 30,000 shares of its own common stock for $300,000
cash.
2. Borrowed $150,000 cash in return for a 9%, one-year note
payable.
3. Purchased equipment at a net cash cost of $150,000 with
cash.
4. Purchased inventory on account for $120,000. Assume that the
company uses the perpetual inventory system.
5. Sold merchandise for $150,000 (and...
identifying transactions and preparing journal
entries
M2-15 Identifying Transactions and Preparing Journal Entries (LO 2-3] 75 points At the beginning of August, Joel Henry founded Bookmart.com, which sells new and used books online. He is passionate about books but does not have a lot of accounting experience. eBook Print a. The company purchased equipment for $4,000 cash. The equipment is expected to be used for 10 or more years. b. Joel's business bought $7,000 worth of inventory from a publisher....
Part 3: Journal Entries 20 Points Prepare Journal entries of the following transactions. A business is started by receiving $5,000 cash from the owner A business purchases land for $100,000 cash. A business purchases supplies for $200 on account. A business renders services to its cystomer and collects $900 cash. A business renders services to its customer for $350 on account. A business pays salary expense of $4,000 in cash. In a previous month, the business purchased supplies for $800...
11:23 LTE E Done 2 of 2 Write Journal Entries, in good form, for the following transactions. You do not need to write explanations. A. A Company purchased a car for $20,000 with cash. B. A Company purchased a building for $125,000 with a mortgage C. A Company purchased inventory of $25,000, on account. D. A Company paid $1,000 on an Accounts Payable amount owed to a vendor. E. A Company paid utilities of $500. F. A Company paid salaries...
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