Homework Answers
| Date | Account Titles & Explanations | Debit | Credit | ||||
| 1-Oct | Cash | 5,500 | |||||
| Share capital-ordinary | 5,500 | ||||||
| 10-Oct | Cash | 600 | |||||
| Service revenue | 600 | ||||||
| 10-Oct | Cash | 2,700 | |||||
| Notes payable | 2,700 | ||||||
| 20-Oct | Cash | 440 | |||||
| Accounts receivable | 440 | ||||||
| 20-Oct | Accounts receivable | 890 | |||||
| Service revenue | 890 | ||||||
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Presented below is the ledger for Cullumber Co. (amounts in thousands of ¥). 10/1 10/10 10/10...
Presented below is the ledger for Cullumber Co. (amounts in thousands of \). 10/1 10/10 10/10...
Presented below is the ledger for Cullumber Co. (amounts in thousands of \). 10/1 10/10 10/10 10/20 10/25 Cash 5,500 10/4 600|10/12 2,700|10/15 440|10/30 2,100|10/31 Accounts Receivable 610 10/20 No. 101 550 1,450 390 300 430 No. 112 440 10/6 10/20 890 10/4 10/3 10/12 10/1 Supplies No. 126 550 Equipment No. 157 2,000 alance Notes Payable No. 200 10/10 2,700 Accounts Payable No. 201 1,450 10/3 2,000 Share Capital - Ordinary No. 311 5,500 10/25 2,100 Dividends No. 332...
Presented below is information related to Larkspur Company Oct. 1 2 3 6 Diane Lexington begins...
Presented below is information related to Larkspur Company Oct. 1 2 3 6 Diane Lexington begins business as a real estate agent with a cash investment of $28,490 in exchange for common stock. Hires an administrative assistant Purchases office furniture for $3,276, on account. Sells a house and lot for N. Fennig; bills N. Fennig $5,128 for realty services performed. Pays $1,211 on the balance related to the transaction of October 3. Pays the administrative assistant $3,561 in salary for...
Presented below is the ledger for Sheffield Co. 10/1 10/10 10/10 10/20 10/25 10/6 10/20 10/4...
Presented below is the ledger for Sheffield Co. 10/1 10/10 10/10 10/20 10/25 10/6 10/20 10/4 10/3 Cash No. 101 4,000 10/4 300 40010/12 1,400 3,500 | 10/15 100 400 10/30 400 2,800 10/31 600 Accounts Receivable No. 112 500 10/20 400 600 Supplies No. 126 300 Equipment No. 157 3,100 Notes Payable No. 200 10/10 3,500 Accounts Payable No. 201 1,400 10/3 3,100 Owner's Capital No. 301 10/1 4,000 10/25 2,800 Owner's Drawings No. 306 400 Service Revenue No....
View Policies Current Attempt in Progress Presented below is the ledger for Oriole Co. 10/1 10/10...
View Policies Current Attempt in Progress Presented below is the ledger for Oriole Co. 10/1 10/10 10/10 10/20 10/25 1076 10/20 10/4 10/3 Cash No. 101 2.000 10/4 200 600 10/12 1.200 4,500 10/15 200 500 10/30 300 2.100 | 10/31 500 Accounts Receivable No. 112 600 | 10/20 500 700 Supplies No. 126 200 Equipment No. 157 2.700 Notes Payable No. 200 10/10 4,500 Accounts Payable No. 201 1.200 10/3 2.700 Owner's Capital No. 301 10/1 2.000 10/25 2.100...
Exercise 2-11 Presented below is the ledger for Higgs Co. 10/1 10/10 10/10 10/20 600 1,340...
Exercise 2-11 Presented below is the ledger for Higgs Co. 10/1 10/10 10/10 10/20 600 1,340 350 140 10/25 590 Cash No. 101 5,400 10/4 620 10/12 2,300 10/15 540 10/30 2,600 10/31 Accounts Receivable No. 112 730 10/20 670 Supplies No. 126 600 Equipment No. 157 2,400 540 10/6 10/20 10/4 10/3 2,300 10/12 2,400 Notes Payable No. 200 10/10 Accounts Payable No. 201 1,340 10/3 Common Stock No. 311 10/1 10/25 Dividends No. 332 5,400 2,600 10/30 140...
Here is the ledger for Pharoah Company. Cash Oct. 1 8,570 Oct.4 1,970 Oct. 10 2,550...
Here is the ledger for Pharoah Company. Cash Oct. 1 8,570 Oct.4 1,970 Oct. 10 2,550 Oct. 12 3,070 Oct. 10 9,570 Oct. 15 390 Oct. 20 840 Oct. 30 440 Oct. 25 3,570 Oct. 31 640 Accounts Receivable Oct. 6 940 Oct. 20 840 Oct. 20 1,060 Supplies Oct. 4 1,970 Oct. 31 1,750 Equipment Oct. 3 4,570 Notes Payable Oct. 10 9,570 Accounts Payable Oct. 123,070 Oct. 3 4,570 Oct. 10 9,570 Accounts Payable Oct. 12 3,070 Oct....
Current Attempt in Progress Presented below are a number of economic events. 1. Purchased supplies on...
Current Attempt in Progress Presented below are a number of economic events. 1. Purchased supplies on account, $220. 2. Provided a service on account. $660. 3. Paid salaries expense. $300. 4. Issued common shares in exchange for cash. 54.000. 5. Declared and paid $150 of dividends to shareholders Received cash from a customer who had previously been billed for services provided. 5660 (see item 2). 7. Paid account owed to supplier on account, 5220 (see item 1). 8. Paid for...
Exercise 3-17 Here is the ledger for Ivanhoe Company. Oct. 1 Oct. 10 Oct. 10 Oct....
Exercise 3-17 Here is the ledger for Ivanhoe Company. Oct. 1 Oct. 10 Oct. 10 Oct. 20 Oct. 25 1,640 2,740 440 490 690 890 Oct. 6 Oct. 20 Oct. 4 1,420 Cash 8,240 Oct. 4 2,220 Oct. 12 9,240 Oct. 15 890 Oct. 30 3,240 Oct. 31 Accounts Receivable 990 Oct. 20 1,110 Supplies 1,640 Oct. 31 Equipment 4,2401 Notes Payable Oct. 10 Accounts Payable 2,740 Oct. 3 Common Stock Oct. 1 Oct. 25 Dividends 490 Service Revenue TOct....
On August 1, 2018, the beginning of its current fiscal year, the following opening account balances,...
On August 1, 2018, the beginning of its current fiscal year,
the following opening account balances, listed in alphabetical
order, were reported by Tobique Ltd.
Accounts payable
$2,500
Interest receivable
20
Accounts receivable
4,740
Note receivable, due October 31, 2018
4,000
Accumulated depreciation—equipment
2,030
Retained earnings
6,040
Cash
5,520
Salaries payable
1,460
Common shares
12,000
Supplies
1,030
Equipment
10,100
Unearned revenue
1,380
During August, the following summary transactions were
completed.
Aug. 1
Paid $440 cash for advertising in local newspapers....
On August 1, 2018, the beginning of its current fiscal year, the following opening account balances,...
On August 1, 2018, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were reported by Tobique Ltd. Accounts payable $2,500 Interest receivable 20 Accounts receivable 4,740 Note receivable, due October 31, 2018 4,000 Accumulated depreciation—equipment 2,030 Retained earnings 6,040 Cash 5,520 Salaries payable 1,460 Common shares 12,000 Supplies 1,030 Equipment 10,100 Unearned revenue 1,380 During August, the following summary transactions were completed. Aug. 1 Paid $440 cash for advertising in local newspapers....
Presented below is the ledger for Cullumber Co. (amounts in thousands of \). 10/1 10/10 10/10 10/20 10/25 Cash 5,500 10/4 600|10/12 2,700|10/15 440|10/30 2,100|10/31 Accounts Receivable 610 10/20 No. 101 550 1,450 390 300 430 No. 112 440 10/6 10/20 890 10/4 10/3 10/12 10/1 Supplies No. 126 550 Equipment No. 157 2,000 alance Notes Payable No. 200 10/10 2,700 Accounts Payable No. 201 1,450 10/3 2,000 Share Capital - Ordinary No. 311 5,500 10/25 2,100 Dividends No. 332...
Presented below is information related to Larkspur Company Oct. 1 2 3 6 Diane Lexington begins business as a real estate agent with a cash investment of $28,490 in exchange for common stock. Hires an administrative assistant Purchases office furniture for $3,276, on account. Sells a house and lot for N. Fennig; bills N. Fennig $5,128 for realty services performed. Pays $1,211 on the balance related to the transaction of October 3. Pays the administrative assistant $3,561 in salary for...
Presented below is the ledger for Sheffield Co. 10/1 10/10 10/10 10/20 10/25 10/6 10/20 10/4 10/3 Cash No. 101 4,000 10/4 300 40010/12 1,400 3,500 | 10/15 100 400 10/30 400 2,800 10/31 600 Accounts Receivable No. 112 500 10/20 400 600 Supplies No. 126 300 Equipment No. 157 3,100 Notes Payable No. 200 10/10 3,500 Accounts Payable No. 201 1,400 10/3 3,100 Owner's Capital No. 301 10/1 4,000 10/25 2,800 Owner's Drawings No. 306 400 Service Revenue No....
View Policies Current Attempt in Progress Presented below is the ledger for Oriole Co. 10/1 10/10 10/10 10/20 10/25 1076 10/20 10/4 10/3 Cash No. 101 2.000 10/4 200 600 10/12 1.200 4,500 10/15 200 500 10/30 300 2.100 | 10/31 500 Accounts Receivable No. 112 600 | 10/20 500 700 Supplies No. 126 200 Equipment No. 157 2.700 Notes Payable No. 200 10/10 4,500 Accounts Payable No. 201 1.200 10/3 2.700 Owner's Capital No. 301 10/1 2.000 10/25 2.100...
Exercise 2-11 Presented below is the ledger for Higgs Co. 10/1 10/10 10/10 10/20 600 1,340 350 140 10/25 590 Cash No. 101 5,400 10/4 620 10/12 2,300 10/15 540 10/30 2,600 10/31 Accounts Receivable No. 112 730 10/20 670 Supplies No. 126 600 Equipment No. 157 2,400 540 10/6 10/20 10/4 10/3 2,300 10/12 2,400 Notes Payable No. 200 10/10 Accounts Payable No. 201 1,340 10/3 Common Stock No. 311 10/1 10/25 Dividends No. 332 5,400 2,600 10/30 140...
Here is the ledger for Pharoah Company. Cash Oct. 1 8,570 Oct.4 1,970 Oct. 10 2,550 Oct. 12 3,070 Oct. 10 9,570 Oct. 15 390 Oct. 20 840 Oct. 30 440 Oct. 25 3,570 Oct. 31 640 Accounts Receivable Oct. 6 940 Oct. 20 840 Oct. 20 1,060 Supplies Oct. 4 1,970 Oct. 31 1,750 Equipment Oct. 3 4,570 Notes Payable Oct. 10 9,570 Accounts Payable Oct. 123,070 Oct. 3 4,570 Oct. 10 9,570 Accounts Payable Oct. 12 3,070 Oct....
Current Attempt in Progress Presented below are a number of economic events. 1. Purchased supplies on account, $220. 2. Provided a service on account. $660. 3. Paid salaries expense. $300. 4. Issued common shares in exchange for cash. 54.000. 5. Declared and paid $150 of dividends to shareholders Received cash from a customer who had previously been billed for services provided. 5660 (see item 2). 7. Paid account owed to supplier on account, 5220 (see item 1). 8. Paid for...
Exercise 3-17 Here is the ledger for Ivanhoe Company. Oct. 1 Oct. 10 Oct. 10 Oct. 20 Oct. 25 1,640 2,740 440 490 690 890 Oct. 6 Oct. 20 Oct. 4 1,420 Cash 8,240 Oct. 4 2,220 Oct. 12 9,240 Oct. 15 890 Oct. 30 3,240 Oct. 31 Accounts Receivable 990 Oct. 20 1,110 Supplies 1,640 Oct. 31 Equipment 4,2401 Notes Payable Oct. 10 Accounts Payable 2,740 Oct. 3 Common Stock Oct. 1 Oct. 25 Dividends 490 Service Revenue TOct....
On August 1, 2018, the beginning of its current fiscal year,
the following opening account balances, listed in alphabetical
order, were reported by Tobique Ltd.
Accounts payable
$2,500
Interest receivable
20
Accounts receivable
4,740
Note receivable, due October 31, 2018
4,000
Accumulated depreciation—equipment
2,030
Retained earnings
6,040
Cash
5,520
Salaries payable
1,460
Common shares
12,000
Supplies
1,030
Equipment
10,100
Unearned revenue
1,380
During August, the following summary transactions were
completed.
Aug. 1
Paid $440 cash for advertising in local newspapers....
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