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2. ABC purchased $500 of supplies on account. Inc/dec? As/liab/etc?dr/cr? Inc/dec? Ass/liab/etc? dr/cr? Journal Entry: 3....
Exercise 3-17B Net Inc. Rev. - Exp. = Cash Flow On Dec ledger. Assets Liab. Equity...
Exercise 3-17B
Net Inc. Rev. - Exp. = Cash Flow On Dec ledger. Assets Liab. Equity + Prep. Rent Common Stock Ret. + Earn. Cash + d. What amount of net income would be reported on the Year 1 income statement? What is the amount of net cash flow from operating activities for Year 1? e. Determine the amount of prepaid rent that would be reported on the December 31, Year 1, balance sheet. LO 3-1, 3-2 Exel Exercise 3-17B...
full journal entry worksheet from Dec.1 - Dec 16 ???? t Assignment 2 0 Saved ut...
full journal entry worksheet from Dec.1 - Dec 16 ????
t Assignment 2 0 Saved ut di Ddidice d Ull as you LICK RELIU CHUY. View transaction list Journal entry worksheet 2 8 16 On December 2, OnPoint pays $2,700 cash for supplies. The company's policy is to record all prepaid expenses in Asset accounts. Note: Enter debits before credits Date Account Title Credit Dec 02 Supplies Cash Debit 2,700 2,700 Record entry Clear entry View general journal < Requirement...
15. What type of account is Bright, Withdrawals? A. Asset B. Liability C. Equity--Withdrawals D. Equity--Revenue...
15. What type of account is Bright, Withdrawals? A. Asset B. Liability C. Equity--Withdrawals D. Equity--Revenue E. Equity--Expense Questions 16-20: Show how each of the following five business transactions is recorded as a journal entry. The correct answer is a journal entry which both balances (Dr. debits = Cr. credits) and contains the correct account names and amounts. 16. The company consulted for a new brand and billed the client for services rendered $2,000 A. Dr. Service Revenue 2000; Cr....
12. Fill in the expanded accounting equation with Debit (DR), Credit (CR), and Increase (Inc.) and...
12. Fill in the expanded accounting equation with Debit (DR), Credit (CR), and Increase (Inc.) and Decrease (Dec.). Assets Liabilities + Equity Contributed Capital Common Stock Retained Earnings Assets Liabilities Dividends Revenues Expenses 13. Fill in the normal balance of the account Normal Balance Debit Account type Asset Expenses Dividends Liabilities Revenues Common Stock 14. Prepare journal entries to record the following transactions that occurred in April: A. on first day of the month, issued common stock for cash, S15,000...
PREPARING JOURNAL ENTRIES Prepare journal entries (without explanations) for the transactions A. The owner invested $75,000...
PREPARING JOURNAL ENTRIES Prepare journal entries (without explanations) for the transactions A. The owner invested $75,000 to start her own consulting busine capital cash B. The company performed $5,500 of services on account. 500 De 5.50 C. The company purchased equipment on account $4,000. equipment ACCOUnts Royable DR 4.000 CR D. The company collected $2,250 on account Accounts receivable cash E. The company received but did not pay the December telephone bill, $475. DR CR - 475 475 F. The...
Listed are the February 2020 transactions for Sage Inc.. Using the journal entry template provided below,...
Listed are the February 2020 transactions for Sage Inc.. Using the journal entry template provided below, prepare the journal entries: ⦁ Feb 1: Issued common shares in exchange for cash of $25,500 and equipment of $15,000. ⦁ Feb 1: Paid monthly utilities of $6,000. ⦁ Feb 5: Purchased office supplies of $3,250 on account. ⦁ Feb 10: Performed services of $5,000 on account. ⦁ Feb 12: Performed services of $12,000; received $8,000 in cash with the remainder on account. ⦁ ...
Select the correct Dr. and Cr. to record this event..... Purchased Office Supplies for $200 cash....
Select the correct Dr. and Cr. to record this event..... Purchased Office Supplies for $200 cash. dr. Choose... - cr. Choose... Choose... cr. Office Supplies Inventory ent..... Select the dr. Office Supplies Inventory On Septem fund for yo cr. Cash dr. Cash dr. Select the correct Dr. and Cr. to record this event..... On September 1st, you establish a Petty Cash fund for your company. dr. Choose... cr. Choose... > Choose... cr. Cash record this event..... Select the dr. Petty...
create 1 journal entry for each date (12 total entries) More Info Oct 2 Gagne Services...
create 1 journal entry for each date (12 total entries)
More Info Oct 2 Gagne Services received $65,000 cash and issued common stock to the stockholders. 3 Purchased supplies, $600, and equipment, $12,100, on account. 4 Performed services for a customer and received cash, $5,500. 7 Paid cash to acquire land, $37,000. 11 Performed services for a customer and billed the customer, $4,300. Gagne expects to collect within one month. 16 Paid for the equipment purchased October 3 on account....
Ch 3 Help Save & Exit Sub ons Journal Entry The company has a Supplies account...
Ch 3 Help Save & Exit Sub ons Journal Entry The company has a Supplies account balance of $200 on January 1,2015. During 2015, t purchased $1,500 of suppies, As of 2015, a supplies inventory shows $500 of supplies available (that is, left on hand). Dec. 31 Slide 3 3 of 12
Journalize the following transactions for Matt's Carpentry, Inc. (If no entry is required, select "No Entry...
Journalize the following transactions for Matt's Carpentry, Inc. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Sept. I purchased supplies for $910 cash 5 Paid $300 cash dividend to stockholders 7 Received 4,600 down payment from customer for services to be provided in the future. 16 Received...
Exercise 3-17B
Net Inc. Rev. - Exp. = Cash Flow On Dec ledger. Assets Liab. Equity + Prep. Rent Common Stock Ret. + Earn. Cash + d. What amount of net income would be reported on the Year 1 income statement? What is the amount of net cash flow from operating activities for Year 1? e. Determine the amount of prepaid rent that would be reported on the December 31, Year 1, balance sheet. LO 3-1, 3-2 Exel Exercise 3-17B...
full journal entry worksheet from Dec.1 - Dec 16 ????
t Assignment 2 0 Saved ut di Ddidice d Ull as you LICK RELIU CHUY. View transaction list Journal entry worksheet 2 8 16 On December 2, OnPoint pays $2,700 cash for supplies. The company's policy is to record all prepaid expenses in Asset accounts. Note: Enter debits before credits Date Account Title Credit Dec 02 Supplies Cash Debit 2,700 2,700 Record entry Clear entry View general journal < Requirement...
15. What type of account is Bright, Withdrawals? A. Asset B. Liability C. Equity--Withdrawals D. Equity--Revenue E. Equity--Expense Questions 16-20: Show how each of the following five business transactions is recorded as a journal entry. The correct answer is a journal entry which both balances (Dr. debits = Cr. credits) and contains the correct account names and amounts. 16. The company consulted for a new brand and billed the client for services rendered $2,000 A. Dr. Service Revenue 2000; Cr....
12. Fill in the expanded accounting equation with Debit (DR), Credit (CR), and Increase (Inc.) and Decrease (Dec.). Assets Liabilities + Equity Contributed Capital Common Stock Retained Earnings Assets Liabilities Dividends Revenues Expenses 13. Fill in the normal balance of the account Normal Balance Debit Account type Asset Expenses Dividends Liabilities Revenues Common Stock 14. Prepare journal entries to record the following transactions that occurred in April: A. on first day of the month, issued common stock for cash, S15,000...
PREPARING JOURNAL ENTRIES Prepare journal entries (without explanations) for the transactions A. The owner invested $75,000 to start her own consulting busine capital cash B. The company performed $5,500 of services on account. 500 De 5.50 C. The company purchased equipment on account $4,000. equipment ACCOUnts Royable DR 4.000 CR D. The company collected $2,250 on account Accounts receivable cash E. The company received but did not pay the December telephone bill, $475. DR CR - 475 475 F. The...
Select the correct Dr. and Cr. to record this event..... Purchased Office Supplies for $200 cash. dr. Choose... - cr. Choose... Choose... cr. Office Supplies Inventory ent..... Select the dr. Office Supplies Inventory On Septem fund for yo cr. Cash dr. Cash dr. Select the correct Dr. and Cr. to record this event..... On September 1st, you establish a Petty Cash fund for your company. dr. Choose... cr. Choose... > Choose... cr. Cash record this event..... Select the dr. Petty...
create 1 journal entry for each date (12 total entries)
More Info Oct 2 Gagne Services received $65,000 cash and issued common stock to the stockholders. 3 Purchased supplies, $600, and equipment, $12,100, on account. 4 Performed services for a customer and received cash, $5,500. 7 Paid cash to acquire land, $37,000. 11 Performed services for a customer and billed the customer, $4,300. Gagne expects to collect within one month. 16 Paid for the equipment purchased October 3 on account....
Ch 3 Help Save & Exit Sub ons Journal Entry The company has a Supplies account balance of $200 on January 1,2015. During 2015, t purchased $1,500 of suppies, As of 2015, a supplies inventory shows $500 of supplies available (that is, left on hand). Dec. 31 Slide 3 3 of 12
Journalize the following transactions for Matt's Carpentry, Inc. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Sept. I purchased supplies for $910 cash 5 Paid $300 cash dividend to stockholders 7 Received 4,600 down payment from customer for services to be provided in the future. 16 Received...
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