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Exercise 2-14 Post transactions to Cash T-account (LO2-5) Consider the following transactions. 1. Receive cash from...
Consider the following transactions. 1. Receive cash from customers, $15,600. 2. Pay cash for employee salaries,...
Consider the following transactions. 1. Receive cash from customers, $15,600. 2. Pay cash for employee salaries, $9,600. 3. Pay cash for rent, $3,600. 4. Receive cash from sale of equipment, $8,60o 5. Pay cash for utilities, $1,600. 6. Receive cash from a bank loan, $4,600. 7. Pay cash for advertising, $7,600. 8. Purchase supplies on account, $3,600. Required: Post transactions to the Cash T-account and calculate the ending balance. Cash Beg. bal. 11,600 (1) 9,600 15,600 8,600 4,600 3,600 1,600...
Exercise 2-14A Post transactions to Cash T-account (LO2-5) Consider the following transactions. 1. Receive cash from...
Exercise 2-14A Post transactions to Cash T-account (LO2-5) Consider the following transactions. 1. Receive cash from customers, $16,900. 2. Pay cash for employee salaries, $10,900. 3. Pay cash for rent, $4,900. 4. Receive cash from sale of equipment, $9,900. 5. Pay cash for utilities, $2,900. 6. Receive cash from a bank loan, $5,900. 7. Pay cash for advertising, $8,900. 8. Purchase supplies on account, $4,900. Required: Post transactions to the Cash T-account and calculate the ending balance. Answer is not...
Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. 1. Accounts Receivable Service...
Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. 1. Accounts Receivable Service Revenue Debit Credit 8,800 8,800 2. Supplies Accounts Payable 1,600 1,600 8,800 3. Cash Accounts Receivable 8,800 1,100 Advertising 4. Expense Cash 1,100 5. Accounts Payable Cash 2,300 2,300 1,200 6. Cash Deferred Revenue 1,200 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $2,000; Accounts Receivable, $2,800;...
Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) (The...
Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) (The following information applies to the questions displayed below.) Bollermaker House Painting Company incurs the following transactions for September. 1. September 3 Paint houses in the current month for $17,500 on account. 2. September 8 Purchase painting equipnent for $18,500 cash. 3. September 12 Purchase office supplies on account for $3,000. 4. September 15 Pay employee salaries of $3,700 for the current month. 5. September...
Required information Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5,...
Required information Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) The following information applies to the questions displayed below.) Boilermaker House Painting Company incurs the following transactions for September 1. September 3 Paint houses in the current month for $17,500 on account. 2. September 8 Purchase painting equipment for $18,500 cash. 3. September 12 Purchase office supplies on account for $3,000. 4. September 15 Pay employee salaries of $3,700 for the current month....
Consider the following transactions. 1. Receive cash from customers, $15,400. 2. Pay cash for employee salaries,...
Consider the following transactions. 1. Receive cash from customers, $15,400. 2. Pay cash for employee salaries, $9,400. 3. Pay cash for rent, $3,400. 4. Receive cash from sale of equipment, $8,400. 5. Pay cash for utilities, $1,400. 6. Receive cash from a bank loan, $4,400. 7. Pay cash for advertising, $7,400. 8. Purchase supplies on account, $3,400. Required: Post transactions to the Cash T-account and calculate the ending balance. Cash 9,400 Beg. bal. End. bal.
Exercise 2-19 Record transactions, post to T-accounts, and prepare a trial balance (LO2-4,2-5, 2-6) (The following...
Exercise 2-19 Record transactions, post to T-accounts, and prepare a trial balance (LO2-4,2-5, 2-6) (The following information applies to the questions displayed below) Green Wave Company plans to own and operate a storage rental facility. For the first month of operations, the company has the following transactions, 1. January 1 Issue 10,000 shares of common stock in exchange for $39.000 in cash 2. January 5 Purchase land for $22,500. A note payable is signed for the full amount 3. Janunry...
! Required information Problem 2-8A Complete the steps in the measurement of external transactions (LO2-4, 2-5,...
! Required information Problem 2-8A Complete the steps in the measurement of external transactions (LO2-4, 2-5, 2-6) (The following information applies to the questions displayed below.) Pirates Incorporated had the following balances at the beginning of September. PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Credits Cash $ 5,700 Accounts Receivable 1,700 Supplies 6,800 Land 10,400 Accounts Payable $ 6,700 Notes Payable 2,200 Common Stock 8, 200 Retained Earnings 7,500 Totals $24,600 $24,600 The following transactions occur in September. September...
Check my wor Brief Exercise 2-10 Analyze the Impact of transactions on the accounting equation, record...
Check my wor Brief Exercise 2-10 Analyze the Impact of transactions on the accounting equation, record transactions, and post (LO2-2, 2-3, 2-4, 2-5) {The following information applies to the questions displayed below.) The following transactions occur for the Wolfpack Shoe Company during the month of June: a. Provide services to customers for $24,000 and receive cash. b. Purchase office supplies on account for $14,000. c. Pay $5,800 in salaries to employees for work performed during the month. Brief Exercise 2-10...
Brief Exercise 2-3 (Algo) T-accounts (LO2-4) The Marchetti Soup Company entered into the following transactions during...
Brief Exercise 2-3 (Algo) T-accounts (LO2-4) The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $205,000 (assume Marchetti uses a perpetual inventory system); (2) paid $52,000 in salaries to employees for work performed during the month; (3) sold merchandise that cost $144,000 to credit customers for $260,000; (4) collected $240,000 in cash from credit customers; and (5) paid suppliers of inventory $185,000. Post the above transactions to the below...
Consider the following transactions. 1. Receive cash from customers, $15,600. 2. Pay cash for employee salaries, $9,600. 3. Pay cash for rent, $3,600. 4. Receive cash from sale of equipment, $8,60o 5. Pay cash for utilities, $1,600. 6. Receive cash from a bank loan, $4,600. 7. Pay cash for advertising, $7,600. 8. Purchase supplies on account, $3,600. Required: Post transactions to the Cash T-account and calculate the ending balance. Cash Beg. bal. 11,600 (1) 9,600 15,600 8,600 4,600 3,600 1,600...
Exercise 2-14A Post transactions to Cash T-account (LO2-5) Consider the following transactions. 1. Receive cash from customers, $16,900. 2. Pay cash for employee salaries, $10,900. 3. Pay cash for rent, $4,900. 4. Receive cash from sale of equipment, $9,900. 5. Pay cash for utilities, $2,900. 6. Receive cash from a bank loan, $5,900. 7. Pay cash for advertising, $8,900. 8. Purchase supplies on account, $4,900. Required: Post transactions to the Cash T-account and calculate the ending balance. Answer is not...
Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. 1. Accounts Receivable Service Revenue Debit Credit 8,800 8,800 2. Supplies Accounts Payable 1,600 1,600 8,800 3. Cash Accounts Receivable 8,800 1,100 Advertising 4. Expense Cash 1,100 5. Accounts Payable Cash 2,300 2,300 1,200 6. Cash Deferred Revenue 1,200 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $2,000; Accounts Receivable, $2,800;...
Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) (The following information applies to the questions displayed below.) Bollermaker House Painting Company incurs the following transactions for September. 1. September 3 Paint houses in the current month for $17,500 on account. 2. September 8 Purchase painting equipnent for $18,500 cash. 3. September 12 Purchase office supplies on account for $3,000. 4. September 15 Pay employee salaries of $3,700 for the current month. 5. September...
Required information Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) The following information applies to the questions displayed below.) Boilermaker House Painting Company incurs the following transactions for September 1. September 3 Paint houses in the current month for $17,500 on account. 2. September 8 Purchase painting equipment for $18,500 cash. 3. September 12 Purchase office supplies on account for $3,000. 4. September 15 Pay employee salaries of $3,700 for the current month....
Consider the following transactions. 1. Receive cash from customers, $15,400. 2. Pay cash for employee salaries, $9,400. 3. Pay cash for rent, $3,400. 4. Receive cash from sale of equipment, $8,400. 5. Pay cash for utilities, $1,400. 6. Receive cash from a bank loan, $4,400. 7. Pay cash for advertising, $7,400. 8. Purchase supplies on account, $3,400. Required: Post transactions to the Cash T-account and calculate the ending balance. Cash 9,400 Beg. bal. End. bal.
Exercise 2-19 Record transactions, post to T-accounts, and prepare a trial balance (LO2-4,2-5, 2-6) (The following information applies to the questions displayed below) Green Wave Company plans to own and operate a storage rental facility. For the first month of operations, the company has the following transactions, 1. January 1 Issue 10,000 shares of common stock in exchange for $39.000 in cash 2. January 5 Purchase land for $22,500. A note payable is signed for the full amount 3. Janunry...
! Required information Problem 2-8A Complete the steps in the measurement of external transactions (LO2-4, 2-5, 2-6) (The following information applies to the questions displayed below.) Pirates Incorporated had the following balances at the beginning of September. PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Credits Cash $ 5,700 Accounts Receivable 1,700 Supplies 6,800 Land 10,400 Accounts Payable $ 6,700 Notes Payable 2,200 Common Stock 8, 200 Retained Earnings 7,500 Totals $24,600 $24,600 The following transactions occur in September. September...
Check my wor Brief Exercise 2-10 Analyze the Impact of transactions on the accounting equation, record transactions, and post (LO2-2, 2-3, 2-4, 2-5) {The following information applies to the questions displayed below.) The following transactions occur for the Wolfpack Shoe Company during the month of June: a. Provide services to customers for $24,000 and receive cash. b. Purchase office supplies on account for $14,000. c. Pay $5,800 in salaries to employees for work performed during the month. Brief Exercise 2-10...
Brief Exercise 2-3 (Algo) T-accounts (LO2-4) The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $205,000 (assume Marchetti uses a perpetual inventory system); (2) paid $52,000 in salaries to employees for work performed during the month; (3) sold merchandise that cost $144,000 to credit customers for $260,000; (4) collected $240,000 in cash from credit customers; and (5) paid suppliers of inventory $185,000. Post the above transactions to the below...
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