Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
journal entries please dont use abbreviation
Hello all – time for the 2nd round of journal...
journal entries please help Hello all – time for the 2nd round of journal entries. The...
journal entries please help
Hello all – time for the 2nd round of journal entries. The company sells Gizmos which is a product they purchase from a supplier. It is a retail sales company. 1/5/2020 - the company purchased 100 units at $75 each for a total of $7,500. The terms were 2/10 net30. This was the first time the company purchased the inventory item. 1/10/2020 - the company purchased another 100 units at $80 each for a total of...
Instructions: 1. Prepare the journal entries for transactions A-T below and record them on the "Journal...
Instructions: 1. Prepare the journal entries for transactions A-T below and record them on the "Journal Entries" tab. 2. Once you have created the journal entries, post them to the "T-Accounts" tab. 3. Prepare journal entries for adjusting journal entries 1-6. 4. Post the adjusting entries to the correct T-Accounts in the "T-Accounts" tab. Transaction No. Transaction Chapter January 1: Pane purchases inventory on account to make stained glass windows. The contract has terms of 2/10, n/30. The goods were...
4 - Record journal entries for Merchandiser Co. using the perpetual method. To get full points,...
4 - Record journal entries for Merchandiser Co. using the perpetual method. To get full points, sales needs to be in the following format: AIR 100 Sales 100 COGS 40 love to General Journal Date Account/Explanation PR Debit Sept Credit 4 (Purchased 700 units for so. 20 each from Supplier Co. with terms of 1/10 n/60) Sept 6 (Sold 840 units to Client Co. for Si each with terms 2/10 n/30-cach unit cost $0.20 ) Sept 19 (Payment received from...
Prepare journal entries to record each of the following transactions of a merchandising company. The company...
Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual Inventory system and the gross method Nov. 5 Purchased 1,500 units of product at a cost of $40 per unit. Terms of the sale are 4/10, n/60; the invoice is dated November Nov. 7 Returned 35 defective units from the November 5 purchase and received full credit. Nov. 15 Paid the amount due from the November 5 purchase, less the return...
record journal entries using the accounts for these transactions Week-1 Basic Journal Entries Mason Yachts, a...
record journal entries using the accounts for these
transactions
Week-1 Basic Journal Entries Mason Yachts, a boat manufacturing company, begins business on 1/1/2017. Mason specializes in selling and repairing yachts. A listing of all of Mason trial balance accounts can be found in "trial balance tab below. For the transactions below, please record the necessary journal entries in the Journal Entries tab and update the balances in the trial balance. I have provided a "T-Account tab for each individual trial...
please show journal entries for transactions 10 - 16 and the income statement requested Week-1 Basic...
please show journal entries for transactions 10 - 16 and the
income statement requested
Week-1 Basic Journal Entries Mason Yachts, a boat manufacturing company, begins business on 1/1/2017. Mason specializes in selling and repairing yachts. Alisting of all of Mason trial balance accounts can be found in 'trial balance tab below. For the transactions below, please record the necessary journal entries in the Journal Entries tab and update the balances in the trial balance. I have provided a "T-Account tab...
Hello, I am having trouble computing the amounts for the journal entries that are red. I...
Hello, I am having trouble computing the amounts for the journal
entries that are red. I am using a financial calculator, so I would
prefer step by step instructions on how to get the correct answer
using a calculator. Thank you!
The Novak Company issued $250,000 of 11% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable each July 1 and January 1. The bonds were issued at 96. Prepare the journal entries for...
Prepare journal entries to record each of the following transactions. The company records purchases using the...
Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system. Aug. 1 Purchased merchandise with an invoice price of $111,000 and credit terms of 4/10, n/30. Aug. 11 Paid supplier the amount owed from the August 1 purchase.
Please Make Journal entries for the following events 1) On October 2nd, REI received the full...
Please Make Journal entries for the following events 1) On October 2nd, REI received the full payment (interest and principal) for the three-month $41,325 note issued on July 1st (transaction #1 – quarter 3). The interest received is for 3 months. 2) REI felt that their inventory levels were getting lower and they should purchase more units from EDL. On October 4th, REI purchased on account 500 DoorSpy units at $56 each. 3) On October 6th, Ella got a...
Create Journal Entries for the following. Chapter 5 problem Homework Webster Company was established on July...
Create Journal Entries for the following.
Chapter 5 problem Homework Webster Company was established on July 1". Its sales terms are 2/10, n/30. Credit terms for its purchases vary with the supplier. Selected transactions are given below. Unless noted, all transactions are on account and involve merchandise for resale. Webster uses the perpetual inventory system. Jul i Jul 1 Jul 2 Jul 3 Jul 5 Jul S Jul8 Company received $40,000 cash in exchange for common stock Purchased goods from...
journal entries please help
Hello all – time for the 2nd round of journal entries. The company sells Gizmos which is a product they purchase from a supplier. It is a retail sales company. 1/5/2020 - the company purchased 100 units at $75 each for a total of $7,500. The terms were 2/10 net30. This was the first time the company purchased the inventory item. 1/10/2020 - the company purchased another 100 units at $80 each for a total of...
Instructions: 1. Prepare the journal entries for transactions A-T below and record them on the "Journal Entries" tab. 2. Once you have created the journal entries, post them to the "T-Accounts" tab. 3. Prepare journal entries for adjusting journal entries 1-6. 4. Post the adjusting entries to the correct T-Accounts in the "T-Accounts" tab. Transaction No. Transaction Chapter January 1: Pane purchases inventory on account to make stained glass windows. The contract has terms of 2/10, n/30. The goods were...
4 - Record journal entries for Merchandiser Co. using the perpetual method. To get full points, sales needs to be in the following format: AIR 100 Sales 100 COGS 40 love to General Journal Date Account/Explanation PR Debit Sept Credit 4 (Purchased 700 units for so. 20 each from Supplier Co. with terms of 1/10 n/60) Sept 6 (Sold 840 units to Client Co. for Si each with terms 2/10 n/30-cach unit cost $0.20 ) Sept 19 (Payment received from...
Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual Inventory system and the gross method Nov. 5 Purchased 1,500 units of product at a cost of $40 per unit. Terms of the sale are 4/10, n/60; the invoice is dated November Nov. 7 Returned 35 defective units from the November 5 purchase and received full credit. Nov. 15 Paid the amount due from the November 5 purchase, less the return...
record journal entries using the accounts for these
transactions
Week-1 Basic Journal Entries Mason Yachts, a boat manufacturing company, begins business on 1/1/2017. Mason specializes in selling and repairing yachts. A listing of all of Mason trial balance accounts can be found in "trial balance tab below. For the transactions below, please record the necessary journal entries in the Journal Entries tab and update the balances in the trial balance. I have provided a "T-Account tab for each individual trial...
please show journal entries for transactions 10 - 16 and the
income statement requested
Week-1 Basic Journal Entries Mason Yachts, a boat manufacturing company, begins business on 1/1/2017. Mason specializes in selling and repairing yachts. Alisting of all of Mason trial balance accounts can be found in 'trial balance tab below. For the transactions below, please record the necessary journal entries in the Journal Entries tab and update the balances in the trial balance. I have provided a "T-Account tab...
Hello, I am having trouble computing the amounts for the journal
entries that are red. I am using a financial calculator, so I would
prefer step by step instructions on how to get the correct answer
using a calculator. Thank you!
The Novak Company issued $250,000 of 11% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable each July 1 and January 1. The bonds were issued at 96. Prepare the journal entries for...
Create Journal Entries for the following.
Chapter 5 problem Homework Webster Company was established on July 1". Its sales terms are 2/10, n/30. Credit terms for its purchases vary with the supplier. Selected transactions are given below. Unless noted, all transactions are on account and involve merchandise for resale. Webster uses the perpetual inventory system. Jul i Jul 1 Jul 2 Jul 3 Jul 5 Jul S Jul8 Company received $40,000 cash in exchange for common stock Purchased goods from...
Most questions answered within 3 hours.
-
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 37 minutes ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 1 hour ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 2 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 3 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 4 hours ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 4 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 5 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 6 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 6 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 8 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 9 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 9 hours ago