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Use the provided partial chart of accounts when preparing general journal entries in the space provided...
Use the provided partial chart of accounts to prepare the general journal entries in the space...
Use the provided partial chart of accounts to prepare the general journal entries in the space provided below for the following transactions. Chart of Accounts • Cash • Accounts Receivable • Allowance for Doubtful Accounts Notes Receivable • Interest Receivable Office Equipment • Machinery • Accumulated Depreciation • Accounts Payable • Interest Payable Common Stock • Retained Earnings Sales • Interest Revenue • Bad Debt Expense • Depreciation Expense • Insurance Expense • Interest Expense • Gain on Sale of...
Use the provided partial chart of accounts to prepare the general journal entries in the space...
Use the provided partial chart of accounts to prepare the general journal entries in the space provided below for the following transactions. Chart of Accounts • Cash Accounts Receivable • Allowance for Doubtful Accounts Notes Receivable Interest Receivable Office Equipment • Machinery • Accumulated Depreciation • Accounts Payable • Interest Payable Common Stock • Retained Earnings • Sales Interest Revenue • Bad Debt Expense • Depreciation Expense • Insurance Expense • Interest Expense • Gain on Sale of Asset •...
Use the provided chart of accounts below to prepare the general journal entries in the space...
Use the provided chart of accounts below to prepare the general journal entries in the space provided for the following transactions and events that occurred in November for ABC Manufacturing Company who uses a job order costing system. (Do not abbreviate when writing journal entries.) Chart of Accounts Cash Raw Materials Inventory Goods in Process Inventory Finished Goods Inventory Accumulated Depreciation Accounts Payable Factory Payroll Factory Overhead Sales Cost of Goods Sold Rent Expense Salaries Expense Utilities Expense (Write journal...
Belos LLC's May Bank reconciliation and a partial chart of accounts is provided below. Prepare the...
Belos LLC's May Bank reconciliation and a partial chart of accounts is provided below. Prepare the adjusting journal entries in the space provided that Belos LLC's accountant/bookkeeper will need to record in their accounting records to adjust the cash balance after the May bank reconciliation has been prepared. (Do not abbreviate when writing journal entries.) Belos, LLC Bank Reconciliation May 31st Bank Balance Book Balance $ 18,658 $ 18,954 Add: Interest Earned Add: DIT 47 1,785 Deduct: Deduct: Service Charge...
Entries for note collected by bank Instructions Chart of Accounts Journal Instructions Accompanying a bank state...
Entries for note collected by bank Instructions Chart of Accounts Journal Instructions Accompanying a bank statement for Santee Company is a credit memo for $31,752 representing the principal ($29,400) and interest ($2,352) on a note that had been collected by the bank. The company had been notified by the bank at the time of the collection but had made no entries. On March 1, journalize the entry that should be made by the company to bring the accounting records up...
Notes Receivable Instructions Chart of Accounts General Journal Present Value Tables Instructions On January 1, 2016,...
Notes Receivable Instructions Chart of Accounts General Journal Present Value Tables Instructions On January 1, 2016, Crouser Company sold land to Chad Company, accepting a 2-year, $150,000, non-interest-bearing note due January 1, 2018. The fair value of the land was $123,966.90 on the date of sale. Crouser purchased the land for $110,000 on January 1, 2010. Required: Prepare all the journal entries on Crouser’s books for January 1, 2016, through January 1, 2018, in regard to the Chad note. Chart...
Journal Entries Chart of Accounts General Journal T-Accounts 7 10 15 Made sales of $2.000 on...
Journal Entries Chart of Accounts General Journal T-Accounts 7 10 15 Made sales of $2.000 on credit the cost of the inventory sold was $1.200. Purchased $1,000 inventory for cash Purchased new office equipment costing $4.000, paying $1.500, and signing a day note for the balance Received check for June 7 credit sal Made cash sales of 54.200; the cost of the inventory sold was $2,300 Purchased $2,600 of Inventory on credit Returned $200 of detective nventory from the June...
Prepare journal entries for each of the following (refer to the Chart of Accounts for exact...
Prepare journal entries for each of the following (refer to the Chart of Accounts for exact wording of account titles): Instructions A. On March 1, issued a check to establish a petty cash fund of $745. B. On April 1, the amount of cash in the petty cash fund is $102. Issued a check to replenish the fund, based on the following summary of petty cash receipts: repair expense, $506, and miscellaneous selling expense, $86. Record any missing funds in...
please help Entries for issuing and calling bonds; loss Instructions Chart of Accounts Journal Instructions Adele...
please help
Entries for issuing and calling bonds; loss Instructions Chart of Accounts Journal Instructions Adele Corp., a wholesaler of music equipment, issued $32,700,000 of 20-year, 6% callable bonds on March 1, 20Y1, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account bites 2011 1 1...
Entries for discounted note payable Instructions | Chart of Accounts Journal Instructions A business issued a...
Entries for discounted note payable Instructions | Chart of Accounts Journal Instructions A business issued a 45-day note for $96.000 to a creditor on account. The note was discounted at 9%. Journalize the entnes to record (a) the issuance of the note on March 1 and (b) the payment of the note at maturity Assume a 360-day veer Refer to the Chart of Accounts for exact wording of account titles. Round your answers to nearest whole dollar CHART OF ACCOUNTS...
Use the provided partial chart of accounts to prepare the general journal entries in the space provided below for the following transactions. Chart of Accounts • Cash • Accounts Receivable • Allowance for Doubtful Accounts Notes Receivable • Interest Receivable Office Equipment • Machinery • Accumulated Depreciation • Accounts Payable • Interest Payable Common Stock • Retained Earnings Sales • Interest Revenue • Bad Debt Expense • Depreciation Expense • Insurance Expense • Interest Expense • Gain on Sale of...
Use the provided partial chart of accounts to prepare the general journal entries in the space provided below for the following transactions. Chart of Accounts • Cash Accounts Receivable • Allowance for Doubtful Accounts Notes Receivable Interest Receivable Office Equipment • Machinery • Accumulated Depreciation • Accounts Payable • Interest Payable Common Stock • Retained Earnings • Sales Interest Revenue • Bad Debt Expense • Depreciation Expense • Insurance Expense • Interest Expense • Gain on Sale of Asset •...
Belos LLC's May Bank reconciliation and a partial chart of accounts is provided below. Prepare the adjusting journal entries in the space provided that Belos LLC's accountant/bookkeeper will need to record in their accounting records to adjust the cash balance after the May bank reconciliation has been prepared. (Do not abbreviate when writing journal entries.) Belos, LLC Bank Reconciliation May 31st Bank Balance Book Balance $ 18,658 $ 18,954 Add: Interest Earned Add: DIT 47 1,785 Deduct: Deduct: Service Charge...
Entries for note collected by bank Instructions Chart of Accounts Journal Instructions Accompanying a bank statement for Santee Company is a credit memo for $31,752 representing the principal ($29,400) and interest ($2,352) on a note that had been collected by the bank. The company had been notified by the bank at the time of the collection but had made no entries. On March 1, journalize the entry that should be made by the company to bring the accounting records up...
Journal Entries Chart of Accounts General Journal T-Accounts 7 10 15 Made sales of $2.000 on credit the cost of the inventory sold was $1.200. Purchased $1,000 inventory for cash Purchased new office equipment costing $4.000, paying $1.500, and signing a day note for the balance Received check for June 7 credit sal Made cash sales of 54.200; the cost of the inventory sold was $2,300 Purchased $2,600 of Inventory on credit Returned $200 of detective nventory from the June...
please help
Entries for issuing and calling bonds; loss Instructions Chart of Accounts Journal Instructions Adele Corp., a wholesaler of music equipment, issued $32,700,000 of 20-year, 6% callable bonds on March 1, 20Y1, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account bites 2011 1 1...
Entries for discounted note payable Instructions | Chart of Accounts Journal Instructions A business issued a 45-day note for $96.000 to a creditor on account. The note was discounted at 9%. Journalize the entnes to record (a) the issuance of the note on March 1 and (b) the payment of the note at maturity Assume a 360-day veer Refer to the Chart of Accounts for exact wording of account titles. Round your answers to nearest whole dollar CHART OF ACCOUNTS...
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