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Sector Corting purchased 57.000 of supplies and paid cash immediately. Which of the following uneral journal...
Wiley Consulting purchased $7,500 worth of supplies and paid cash immediately. Which of the following general...
Wiley Consulting purchased $7,500 worth of supplies and paid cash immediately. Which of the following general journal entries will Wiley Consulting make to record this transaction? Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts.
Determine the net Income of a company for which the following Information is available for the...
Determine the net Income of a company for which the following Information is available for the month of July. Employee salaries expense Interest expense Rent expense Consulting revenue $196,000 26,000 36,000 464,000 Multiple Choice Ο $206,000. Ο $258.000. Ο 5278.000. Ο $464.000. Chapters 1-6 0 Saved Help Save & Specter Consulting purchased $9,200 of supplies and paid cash Immediately. Which of the following general Journal entries will Specter Consulting make to record this transaction? Assume the company's policy is to...
MC Qu. 107 Paul's Landscaping purchased... Paul's Landscaping purchased $550 of office supplies on credit. The...
MC Qu. 107 Paul's Landscaping purchased... Paul's Landscaping purchased $550 of office supplies on credit. The company's policy is to initially record prepaid and unearned items in balance sheet accounts. Which of the following general journal entries will Paul's Landscaping make to record this transaction?
ABC Catering received $1,120 cash from a customer for catering services to be provided next month....
ABC Catering received $1,120 cash from a customer for catering services to be provided next month. Given the choices below, determine the general journal entry that ABC Catering will make to record the cash receipt. Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts Multiple Choice Unearned Catering Revenue 1,120 Catering Revenue 1, 120 Cash 1, 120 Accounts Receivable 1, 120 Cash 1, 120 Unearned Catering Revenue 1.120 <Prev Nexb 16 of 39
Raketan Repairs received $1,300 cash from a customer for repair services to be provided next month....
Raketan Repairs received $1,300 cash from a customer for repair services to be provided next month. Given the choices below, determine the general journal entry that Raketan Repairs will make to record the cash receipt. Assume the company’s policy is to initially record prepaid and unearned items in balance sheet accounts.
Cornerstone Exercise 3-21 Adjustment for Supplies Pain-Free Dental Group Inc. purchased dental supplies of $18,200 during...
Cornerstone Exercise 3-21 Adjustment for Supplies Pain-Free Dental Group Inc. purchased dental supplies of $18,200 during the year. At the end of the year, a physical count of supplies showed $4,125 of supplies on hand. Required: 1. Prepare the adjusting entry needed at the end of the year. Dec. 31 (Record the use of supplies) 2. What is the amount of supplies reported on Pain-Free's balance sheet at the end of the year? What is the amount of supplies expense...
1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable; Office...
1.
Record each transaction in the journal using the
following account titles: Cash; Accounts Receivable; Office
Supplies; Prepaid Insurance; Land; Furniture; Accounts Payable;
Utilities Payable; Unearned Revenue; Common Stock; Dividends;
Service Revenue; Salaries Expense; Rent Expense; and Utilities
Expense. Explanations are not required.
2.
T-accounts have been opened for each of the accounts.
Post the journal entries to the T-accounts, using transaction
dates as posting references in the ledger accounts. Label the
balance of each account
Bal.
3.
Prepare the...
journal entries On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following...
journal entries
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April 1 Nozomi invested $48,000 cash and computer equipment worth $30,000 in the company in exchange for common stock 2 The company rented furnished office space by paying $2,2ee cash for the first month's (April) rent. 3 The company purchased $1,700 of office supplies for cash. 10 The company paid $3,000 cash for the premium on a...
Please complete 4-8 with work. Thanks Please provide this journal entry with the amount Moody started...
Please complete 4-8 with work. Thanks
Please provide this
journal entry with the amount
Moody started his own consulting firm, Moody Consulting, on January 1, 2018. The trial balance at January 31, 2018 is shown below. Tric Moody Consulting Trail Balance January 31, 2018 Cash Accounts Receivable Office Supplies Prepaid Insurance Office Furniture Notes Payable Unearned Service Revenue Common Stock Service Revenue Salaries Expense Rent Expense Dividends $5,000 3.000 1,600 2.400 / 21206/12 - 10/monte 9,000/ 6 5 $3,000 2,500...
Brian Aloan opens a web consulting business called Aloan Consulting and completes the following transactions in...
Brian Aloan opens a web consulting business called Aloan Consulting and completes the following transactions in March. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Mar. 1 Aloan invested $183,000 cash along with $23,100 in office equipment in the company in exchange for common stock. Mar. 2 The company prepaid $12,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses...
Wiley Consulting purchased $7,500 worth of supplies and paid cash immediately. Which of the following general journal entries will Wiley Consulting make to record this transaction? Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts.
Determine the net Income of a company for which the following Information is available for the month of July. Employee salaries expense Interest expense Rent expense Consulting revenue $196,000 26,000 36,000 464,000 Multiple Choice Ο $206,000. Ο $258.000. Ο 5278.000. Ο $464.000. Chapters 1-6 0 Saved Help Save & Specter Consulting purchased $9,200 of supplies and paid cash Immediately. Which of the following general Journal entries will Specter Consulting make to record this transaction? Assume the company's policy is to...
MC Qu. 107 Paul's Landscaping purchased... Paul's Landscaping purchased $550 of office supplies on credit. The company's policy is to initially record prepaid and unearned items in balance sheet accounts. Which of the following general journal entries will Paul's Landscaping make to record this transaction?
ABC Catering received $1,120 cash from a customer for catering services to be provided next month. Given the choices below, determine the general journal entry that ABC Catering will make to record the cash receipt. Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts Multiple Choice Unearned Catering Revenue 1,120 Catering Revenue 1, 120 Cash 1, 120 Accounts Receivable 1, 120 Cash 1, 120 Unearned Catering Revenue 1.120 <Prev Nexb 16 of 39
Cornerstone Exercise 3-21 Adjustment for Supplies Pain-Free Dental Group Inc. purchased dental supplies of $18,200 during the year. At the end of the year, a physical count of supplies showed $4,125 of supplies on hand. Required: 1. Prepare the adjusting entry needed at the end of the year. Dec. 31 (Record the use of supplies) 2. What is the amount of supplies reported on Pain-Free's balance sheet at the end of the year? What is the amount of supplies expense...
1.
Record each transaction in the journal using the
following account titles: Cash; Accounts Receivable; Office
Supplies; Prepaid Insurance; Land; Furniture; Accounts Payable;
Utilities Payable; Unearned Revenue; Common Stock; Dividends;
Service Revenue; Salaries Expense; Rent Expense; and Utilities
Expense. Explanations are not required.
2.
T-accounts have been opened for each of the accounts.
Post the journal entries to the T-accounts, using transaction
dates as posting references in the ledger accounts. Label the
balance of each account
Bal.
3.
Prepare the...
journal entries
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April 1 Nozomi invested $48,000 cash and computer equipment worth $30,000 in the company in exchange for common stock 2 The company rented furnished office space by paying $2,2ee cash for the first month's (April) rent. 3 The company purchased $1,700 of office supplies for cash. 10 The company paid $3,000 cash for the premium on a...
Please complete 4-8 with work. Thanks
Please provide this
journal entry with the amount
Moody started his own consulting firm, Moody Consulting, on January 1, 2018. The trial balance at January 31, 2018 is shown below. Tric Moody Consulting Trail Balance January 31, 2018 Cash Accounts Receivable Office Supplies Prepaid Insurance Office Furniture Notes Payable Unearned Service Revenue Common Stock Service Revenue Salaries Expense Rent Expense Dividends $5,000 3.000 1,600 2.400 / 21206/12 - 10/monte 9,000/ 6 5 $3,000 2,500...
Brian Aloan opens a web consulting business called Aloan Consulting and completes the following transactions in March. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Mar. 1 Aloan invested $183,000 cash along with $23,100 in office equipment in the company in exchange for common stock. Mar. 2 The company prepaid $12,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses...
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