Homework Answers
Correct Entry will be
| Journal General | ||
| Account Tittle | Debit | Credit |
| Supplies | $7,900 | |
| Account Payable-Caltech Supply | $7,900 | |
| TO Record Supplies Purchase on Account | ||
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General Journal General Ledger Trial Balance Income Statement St Owners Equity entry must keep the accounting...
general entry journal 8,9,10,12 ? This problem is based on the transactions for the OnPoint Company...
general entry journal 8,9,10,12 ?
This problem is based on the transactions for the OnPoint Company in your text. Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated based on the journal entries recorded. Dec Dec 1 on December 1, Molly Meng forms a consulting business, named onPoint. OnPoint receives $34,000 cash from Molly Meng in exchange for common stock. Dec 2. Onpoint pays $2,700 cash for supplies....
View transaction list Journal entry worksheet 2 3 4 5 6 7 8 ..... 14 Sept....
View transaction list Journal entry worksheet 2 3 4 5 6 7 8 ..... 14 Sept. 1) Wilson invested $81,000 cash along with office equipment valued at $25,700 in a new sole proprietorship named JW Consulting. Note: Enter debits before credits. Date Account Title Debit Credit Sep 01 Record entry Clear entry View general je < Requirement General Ledger < Prey 8 of 8
The unadjusted trial balance for Fashion First as December 31 is provided on the trial balance...
The unadjusted trial balance for Fashion First as December 31 is provided on the trial balance tab. Information for adjustments is as follows: a. As of December 31, employees had earned $1,300 of unpaid and unrecorded salaries. The next payday is January 4, at which time $1,625 of salaries will be paid. b. The cost of supplies still available at December 31 is $1,500. c. The notes payable requires an interest payment to be made every three months. The amount...
View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 ........
View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 ..... 14 Sept. 3) The company purchased land valued at $46,000 and a building valued at $160,700. The purchase is paid with $30,700 cash and a long-term note payable for $176,000. Note: Enter debits before credits. Date Account Title Debit Credit Sep 03 Record entry Clear entry View general je < Requirement General Ledger < Prey. 8 of 8 !!
On January 1, 2018, the general ledger of Big Blast Fireworks includes the following account balances: ...
On January 1, 2018, the general ledger of Big Blast Fireworks
includes the following account balances:
Accounts
Debit
Credit
Cash
$
24,700
Accounts Receivable
43,500
Inventory
44,000
Land
82,600
Allowance for Uncollectible Accounts
3,100
Accounts Payable
28,200
Notes Payable (9%, due in 3 years)
44,000
Common Stock
70,000
Retained Earnings
49,500
Totals
$
194,800
$
194,800
The $44,000 beginning balance of inventory consists of 440
units, each costing $100. During January 2018, Big Blast Fireworks
had the following inventory transactions:
...
On January 1, Year 1, the general ledger of a company includes the following account balances:...
On January 1, Year 1, the general ledger of a company includes
the following account balances:
Journal entry worksheet < 1 2 3 4 5 6 7 8 ... 13 Record the adjusting entry for rent. Rent for the month of January has expired. Note: Enter debits before credits. Account Title Debit Credit Date Jan 31 + Record entry Clear entry View general Journal < 1 4 LO 6 7 8 9 13 Record the adjusting entry for supplies. Supplies...
help me answer the journal entiries 1-13 On January 1, 2021, the general ledger of 3D...
help me answer the journal entiries 1-13
On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances Credit Debit $ 26,900 15,100 $ 3,800 4,000 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (6%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 19,000 80,400 8,700 99,000 33,900 $145,400 $145,400 During January 2021, the following transactions occur January 2 Provide services to customers for cash, $50, 100. January...
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...
ipped Book THE KING GROUP Worksheet Month Ended December 31, 20x1 Adjusted Trial Trial Balance Adjustments...
ipped Book THE KING GROUP Worksheet Month Ended December 31, 20x1 Adjusted Trial Trial Balance Adjustments Balance Income Statement Balance Sheet Dabit Credit Debit Credit Debit Credit Debit Credit Debit Credit 93,200 93,200 93,200 12,800 12,800 12,800 7,600 (a) 3,200 4.400 4.400 30,400 (b) 3,800 26,600 26,600 80,000 80,000 80,000 (0) 3.200 3.200 3,200 12,800 12,800 12.000 140,000 140,000 140,000 9,200 9,200 9.200 97,800 97,800 97.800 (a) 3,200 3,200 3.200 (b) 3,800 3,800 3,800 (c) 3,200 3,200 3,200 15,200 15,200...
(The following information applies to the questions displayed below/ The general ledger of Zips Storage at...
(The following information applies to the questions displayed below/ The general ledger of Zips Storage at January 1, 2018, includes the following account balances Accounts Cash Accounts Recelvable Prepald Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Deblits Credits 25,600 16.400 14,000 158,000 $ 7700 6,800 153,000 46,500 Totals $214,000 $214.000 The following is a summary of the transactions for the year: a. January 9 Provide storage services for cash, $144,100, and on account, $57,200 b. February 12...
general entry journal 8,9,10,12 ?
This problem is based on the transactions for the OnPoint Company in your text. Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated based on the journal entries recorded. Dec Dec 1 on December 1, Molly Meng forms a consulting business, named onPoint. OnPoint receives $34,000 cash from Molly Meng in exchange for common stock. Dec 2. Onpoint pays $2,700 cash for supplies....
View transaction list Journal entry worksheet 2 3 4 5 6 7 8 ..... 14 Sept. 1) Wilson invested $81,000 cash along with office equipment valued at $25,700 in a new sole proprietorship named JW Consulting. Note: Enter debits before credits. Date Account Title Debit Credit Sep 01 Record entry Clear entry View general je < Requirement General Ledger < Prey 8 of 8
The unadjusted trial balance for Fashion First as December 31 is provided on the trial balance tab. Information for adjustments is as follows: a. As of December 31, employees had earned $1,300 of unpaid and unrecorded salaries. The next payday is January 4, at which time $1,625 of salaries will be paid. b. The cost of supplies still available at December 31 is $1,500. c. The notes payable requires an interest payment to be made every three months. The amount...
View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 ..... 14 Sept. 3) The company purchased land valued at $46,000 and a building valued at $160,700. The purchase is paid with $30,700 cash and a long-term note payable for $176,000. Note: Enter debits before credits. Date Account Title Debit Credit Sep 03 Record entry Clear entry View general je < Requirement General Ledger < Prey. 8 of 8 !!
On January 1, 2018, the general ledger of Big Blast Fireworks
includes the following account balances:
Accounts
Debit
Credit
Cash
$
24,700
Accounts Receivable
43,500
Inventory
44,000
Land
82,600
Allowance for Uncollectible Accounts
3,100
Accounts Payable
28,200
Notes Payable (9%, due in 3 years)
44,000
Common Stock
70,000
Retained Earnings
49,500
Totals
$
194,800
$
194,800
The $44,000 beginning balance of inventory consists of 440
units, each costing $100. During January 2018, Big Blast Fireworks
had the following inventory transactions:
...
On January 1, Year 1, the general ledger of a company includes
the following account balances:
Journal entry worksheet < 1 2 3 4 5 6 7 8 ... 13 Record the adjusting entry for rent. Rent for the month of January has expired. Note: Enter debits before credits. Account Title Debit Credit Date Jan 31 + Record entry Clear entry View general Journal < 1 4 LO 6 7 8 9 13 Record the adjusting entry for supplies. Supplies...
help me answer the journal entiries 1-13
On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances Credit Debit $ 26,900 15,100 $ 3,800 4,000 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (6%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 19,000 80,400 8,700 99,000 33,900 $145,400 $145,400 During January 2021, the following transactions occur January 2 Provide services to customers for cash, $50, 100. January...
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...
ipped Book THE KING GROUP Worksheet Month Ended December 31, 20x1 Adjusted Trial Trial Balance Adjustments Balance Income Statement Balance Sheet Dabit Credit Debit Credit Debit Credit Debit Credit Debit Credit 93,200 93,200 93,200 12,800 12,800 12,800 7,600 (a) 3,200 4.400 4.400 30,400 (b) 3,800 26,600 26,600 80,000 80,000 80,000 (0) 3.200 3.200 3,200 12,800 12,800 12.000 140,000 140,000 140,000 9,200 9,200 9.200 97,800 97,800 97.800 (a) 3,200 3,200 3.200 (b) 3,800 3,800 3,800 (c) 3,200 3,200 3,200 15,200 15,200...
(The following information applies to the questions displayed below/ The general ledger of Zips Storage at January 1, 2018, includes the following account balances Accounts Cash Accounts Recelvable Prepald Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Deblits Credits 25,600 16.400 14,000 158,000 $ 7700 6,800 153,000 46,500 Totals $214,000 $214.000 The following is a summary of the transactions for the year: a. January 9 Provide storage services for cash, $144,100, and on account, $57,200 b. February 12...
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