Homework Answers
| Answer | |||
| Journal Entry | |||
| Particulars | Dr amount | Cr amount | |
| Supplies expense A/C DR | 1200 | ||
| TO supplies A/c | 1200 | ||
| Computation of supplies expense | |||
| opening supplies | 200 | ||
| Add: purchase | 1500 | ||
| 1700 | |||
| less: supples available at end | -500 | ||
| 1200 |
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Ch 3 Help Save & Exit Sub ons Journal Entry The company has a Supplies account...
The company has a Supplies account balance of $200 on January 1. During the year, the...
The company has a Supplies account balance of $200 on January 1.
During the year, the company purchased $1,500 of supplies. As of
December 31, a count revealed that there were $500 of supplies on
hand. Complete the necessary journal entry. (If no entry is
required for a transaction/event, select "No journal entry
required" in the first account field.)
1 Record the supplies used during the year. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31
ch) ACETOOTH Ch 3 ACG01 1 4 6 Help Save & Exit Submit Check my work...
ch) ACETOOTH Ch 3 ACG01 1 4 6 Help Save & Exit Submit Check my work For each separate case, record the necessary adjusting entry points a. On July 1 Lopez Company paid $2.000 for six months of insurance coverage No adjustments have been made to the Prepaid Insurance account, and it is now December 31 b. in Company has a Supplies account balance of $6.600 at the beginning of the year During the year, it purchased $2,800 of supplies...
Wk.4 - Apply: Exercisei Saved Help Save & Exit Submit The Supplies account has a trial...
Wk.4 - Apply: Exercisei Saved Help Save & Exit Submit The Supplies account has a trial balance of $3,196. A year- end inventory shows $1,746 worth of supplies left at the end 10 of the year. The correct adjusting entry is: 12 points Multiple Choice Skipped debit Sunnlies Exnense $3 196 Mc Graw Hill Education Prev 10 of 10 Next
REQUIRED: Homework Chapter 3 0 Help Save & Exit Submit November 30 December Supplies Prepaid Insurance...
REQUIRED: Homework Chapter 3 0 Help Save & Exit Submit November 30 December Supplies Prepaid Insurance Salaries Payable Deferred Revenue Debit Credit Debit Credit 1,000 2,500 4,000 3,000 9,000 14,000 1,000 500 Doints eBook The following information also is known: Referencesa. Purchases of supplies in December total $2,500. b. No insurance payments are made in December c. $9,000 is paid to employees during December for November salaries. d. On November 1, a tenant pays Golden Eagle $1,500 in advance rent...
Upg 2020 NUU 211 0... Chapter 3 Quiz Homework Favorit Saved Help Save & Exit Submit...
Upg 2020 NUU 211 0... Chapter 3 Quiz Homework Favorit Saved Help Save & Exit Submit QS 3-7 Adjusting prepaid expenses LO P1 Check my work a. On July 1, 2017, Lopez Company paid $2,900 for six months of insurance coverage. No adjustments have been made to the Prepaid Insurance account, and it is now December 31, 2017 b. Zim Company has a Supplies account balance of $8,400 on January 1, 2017. During 2017, it purchased $3,700 of supplies. As...
Ch 14 Help Save & Exit Sub TB MC Qu. 14-132 A manufacturing company has... A...
Ch 14 Help Save & Exit Sub TB MC Qu. 14-132 A manufacturing company has... A manufacturing company has a beginning finished goods inventory of $29,000, cost of goods manufactured of $59,200, and an ending finished goods inventory of $28,300. The cost of goods sold for this company is: Multiple Choice ( $116,500 0 $58,500 O $1,900 0 O $87,500 $59,900. < Prev 4 of 10 !!! Next >
Do you make an entry for an order? Help Save & Exit Submit Fortune Apple Shoe...
Do
you make an entry for an order?
Help Save & Exit Submit Fortune Apple Shoe Buyers (FASB) engaged in the transactions below. 1. Purchased $8,800 of inventory on account 2. Paid weekly salaries, $980. 3. Recorded sales for the first week: Cash: $7,700: On account: $5,900. 4. Pald for inventory purchased in event (1) 5. Placed an order for $6,800 of inventory Required: Prepare the appropriate journal entry for each transaction. (If no entry is required for a transaction/event,...
1. Atlas Company's Store Supplies account had a beginning balance of $780. Throughout the year the...
1. Atlas
Company's Store Supplies account had a beginning balance of $780.
Throughout the year the company purchased $1,500 in supplies. A
physical count of the supplies showed $525 of unused supplies
available as of December 31, 2015. Prepare the required adjusting
entry. 2. You have the following insurance policies:
1. Atlas Company's Store Supplies account had a beginning balance of $780. Throughout the year the company purchased $1,500 in supplies. A physical count of the supplies showed $525 of...
Journal entry worksheet < 3 4 5 6 The Office Supplies account had a $290 debit...
Journal entry worksheet < 3 4 5 6 The Office Supplies account had a $290 debit balance at the beginning of the year; and $2,680 of office supplies were purchased during the year. The December 31 physical count showed $342 of supplies available. Note: Enter debits before credits. Transaction General Journal Debit Credit c. Supplies expense Record entry Clear entry View general journal
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....
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. Performed services for clients, for which $2,500 was collected in cash and the remaining $600 was billed to the clients. Inc/dec? inc/dec? Inc/dec? Ass/liab/etc? dr/cr? Ass/liab/etc? dr/cr? Ass/liabletc? dr/cr? Journal Entry:
The company has a Supplies account balance of $200 on January 1.
During the year, the company purchased $1,500 of supplies. As of
December 31, a count revealed that there were $500 of supplies on
hand. Complete the necessary journal entry. (If no entry is
required for a transaction/event, select "No journal entry
required" in the first account field.)
1 Record the supplies used during the year. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31
ch) ACETOOTH Ch 3 ACG01 1 4 6 Help Save & Exit Submit Check my work For each separate case, record the necessary adjusting entry points a. On July 1 Lopez Company paid $2.000 for six months of insurance coverage No adjustments have been made to the Prepaid Insurance account, and it is now December 31 b. in Company has a Supplies account balance of $6.600 at the beginning of the year During the year, it purchased $2,800 of supplies...
Wk.4 - Apply: Exercisei Saved Help Save & Exit Submit The Supplies account has a trial balance of $3,196. A year- end inventory shows $1,746 worth of supplies left at the end 10 of the year. The correct adjusting entry is: 12 points Multiple Choice Skipped debit Sunnlies Exnense $3 196 Mc Graw Hill Education Prev 10 of 10 Next
REQUIRED: Homework Chapter 3 0 Help Save & Exit Submit November 30 December Supplies Prepaid Insurance Salaries Payable Deferred Revenue Debit Credit Debit Credit 1,000 2,500 4,000 3,000 9,000 14,000 1,000 500 Doints eBook The following information also is known: Referencesa. Purchases of supplies in December total $2,500. b. No insurance payments are made in December c. $9,000 is paid to employees during December for November salaries. d. On November 1, a tenant pays Golden Eagle $1,500 in advance rent...
Upg 2020 NUU 211 0... Chapter 3 Quiz Homework Favorit Saved Help Save & Exit Submit QS 3-7 Adjusting prepaid expenses LO P1 Check my work a. On July 1, 2017, Lopez Company paid $2,900 for six months of insurance coverage. No adjustments have been made to the Prepaid Insurance account, and it is now December 31, 2017 b. Zim Company has a Supplies account balance of $8,400 on January 1, 2017. During 2017, it purchased $3,700 of supplies. As...
Ch 14 Help Save & Exit Sub TB MC Qu. 14-132 A manufacturing company has... A manufacturing company has a beginning finished goods inventory of $29,000, cost of goods manufactured of $59,200, and an ending finished goods inventory of $28,300. The cost of goods sold for this company is: Multiple Choice ( $116,500 0 $58,500 O $1,900 0 O $87,500 $59,900. < Prev 4 of 10 !!! Next >
Do
you make an entry for an order?
Help Save & Exit Submit Fortune Apple Shoe Buyers (FASB) engaged in the transactions below. 1. Purchased $8,800 of inventory on account 2. Paid weekly salaries, $980. 3. Recorded sales for the first week: Cash: $7,700: On account: $5,900. 4. Pald for inventory purchased in event (1) 5. Placed an order for $6,800 of inventory Required: Prepare the appropriate journal entry for each transaction. (If no entry is required for a transaction/event,...
1. Atlas
Company's Store Supplies account had a beginning balance of $780.
Throughout the year the company purchased $1,500 in supplies. A
physical count of the supplies showed $525 of unused supplies
available as of December 31, 2015. Prepare the required adjusting
entry. 2. You have the following insurance policies:
1. Atlas Company's Store Supplies account had a beginning balance of $780. Throughout the year the company purchased $1,500 in supplies. A physical count of the supplies showed $525 of...
Journal entry worksheet < 3 4 5 6 The Office Supplies account had a $290 debit balance at the beginning of the year; and $2,680 of office supplies were purchased during the year. The December 31 physical count showed $342 of supplies available. Note: Enter debits before credits. Transaction General Journal Debit Credit c. Supplies expense Record entry Clear entry View general journal
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. Performed services for clients, for which $2,500 was collected in cash and the remaining $600 was billed to the clients. Inc/dec? inc/dec? Inc/dec? Ass/liab/etc? dr/cr? Ass/liab/etc? dr/cr? Ass/liabletc? dr/cr? Journal Entry:
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