Homework Answers
Solution:
| (in USD) | |||
| Date | Particulars | Dr | Cr |
| 12-Mar | Customer | 25500 | |
| Cash | 19500 | ||
| Sale of services | 45000 | ||
| 02-May | Cash | 16500 | |
| Customer | 16500 | ||
| 30-Jun | Cash | 5000 | |
| Common stock | 5000 | ||
| 01-Aug | Salaries payable | 16000 | |
| Salaries | 8500 | ||
| Cash | 24500 | ||
| 25-Sep | Repairs and maintenance | 11500 | |
| Cash | 11500 | ||
| 19-Oct | Equipment | 6500 | |
| Cash | 6500 | ||
| 30-Dec | Dividend | 1000 | |
| Cash | 1000 | ||
| 31-Dec | Salaries | 1000 | |
| Depreciation | 3500 | ||
| Supplies expense | 1300 | ||
| Accumulated dep | 3500 | ||
| supplies | 1300 | ||
| salary payable | 1000 |
Add Answer to:
5. Record adjusting entries. (f no entry is required for a particular transaction/event, select "No journal...
9. Record closing entries. (If no entry is required for a particular transaction/event, select "No journal...
9. Record closing entries. (If no entry is required for a particular transaction/event, select "No journal entry View transaction list Journal entry worksheet 2 3 Record the entry to close the expense accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2018 Record entry Clear entry View general journal 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No journal entry requir View transaction list Journal entry worksheet Record the entry...
Problem 3-8A Part5 5. Record adjusting entries. (if no entry is required for a particular transaction/event,...
Problem 3-8A Part5 5. Record adjusting entries. (if no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the adjustment for salaries Note: Enter debits before credits. General Journal DebitCredit Record entry Clear entry View general journal The following information applies to the questions displayed below The general ledger of Red Saprm Cerers at January 1, 2018, indudes the folowing account balances: Debits Credits $12,500...
Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select...
Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. At the end of June, bad debt expense is estimated to be $14.400. b. In July, customer balances are written off in the amount of $7,200. View transaction list Journal entry worksheet Record the estimated bad debt expense of 14,400. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry...
Record the following transactions, (If no entry is required for a transaction/event, select "No Journal Entry...
Record the following transactions, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26.000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5.900 cash. (e) Purchased $1700 of supplies on account....
Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry...
Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26,000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5,900 cash. (e) Purchased $1,700 of supplies on account....
Journal entry worksheet Record the adjusting entry for amortization for 2018, $1. Note: Enter debits before...
Journal entry worksheet Record the adjusting entry for amortization for 2018, $1. Note: Enter debits before credite Transaction General Journal Debit Credit Record entry Clear entry View general journal 4. Record the adjusting journal entries (k) through lol ( no entry is required for a transact Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet < 1 2 3 4 Record the adjusting entry for supplies counted on December 31,...
Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry...
Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) (a) Started business by Issuing 10,000 shares of common stock for $22,000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $520 per month and paid six months' rent in advance. (d) Purchased equipment for $5,200 cash. (e) Purchased $2,200 of supplies on account....
Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry...
Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26.000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5.900 cash. (e) Purchased $1,700 of supplies on account....
For each separate case, record an adjusting entry (if necessary). a. Barga Company purchases $21,000 of...
For each separate case, record an adjusting entry (if necessary). a. Barga Company purchases $21,000 of equipment on January 1. The equipment is expected to last five years and be worth $2,200 at the end of that time. b. Welch Company purchases $10,100 of land on January 1. The land is expected to last forever. Prepare the entries to record one year's depreciation expense of $3,760 for the equipment and what depreciation adjustment, if any, should be made with respect...
required journal entries: 1. record the declaration of cash dividends. 2. record the entry on the...
required journal entries:
1. record the declaration of cash dividends.
2. record the entry on the date of record.
3. Record the payment of cash dividends.
On March 15, American Eagle declares a quarterly cash dividend of $0.095 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 216 million shares. (If no entry is E required for a particular transaction/event, select "No Journal...
9. Record closing entries. (If no entry is required for a particular transaction/event, select "No journal entry View transaction list Journal entry worksheet 2 3 Record the entry to close the expense accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2018 Record entry Clear entry View general journal 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No journal entry requir View transaction list Journal entry worksheet Record the entry...
Problem 3-8A Part5 5. Record adjusting entries. (if no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the adjustment for salaries Note: Enter debits before credits. General Journal DebitCredit Record entry Clear entry View general journal The following information applies to the questions displayed below The general ledger of Red Saprm Cerers at January 1, 2018, indudes the folowing account balances: Debits Credits $12,500...
Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. At the end of June, bad debt expense is estimated to be $14.400. b. In July, customer balances are written off in the amount of $7,200. View transaction list Journal entry worksheet Record the estimated bad debt expense of 14,400. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry...
Record the following transactions, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26.000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5.900 cash. (e) Purchased $1700 of supplies on account....
Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26,000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5,900 cash. (e) Purchased $1,700 of supplies on account....
Journal entry worksheet Record the adjusting entry for amortization for 2018, $1. Note: Enter debits before credite Transaction General Journal Debit Credit Record entry Clear entry View general journal 4. Record the adjusting journal entries (k) through lol ( no entry is required for a transact Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet < 1 2 3 4 Record the adjusting entry for supplies counted on December 31,...
Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) (a) Started business by Issuing 10,000 shares of common stock for $22,000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $520 per month and paid six months' rent in advance. (d) Purchased equipment for $5,200 cash. (e) Purchased $2,200 of supplies on account....
Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26.000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5.900 cash. (e) Purchased $1,700 of supplies on account....
For each separate case, record an adjusting entry (if necessary). a. Barga Company purchases $21,000 of equipment on January 1. The equipment is expected to last five years and be worth $2,200 at the end of that time. b. Welch Company purchases $10,100 of land on January 1. The land is expected to last forever. Prepare the entries to record one year's depreciation expense of $3,760 for the equipment and what depreciation adjustment, if any, should be made with respect...
required journal entries:
1. record the declaration of cash dividends.
2. record the entry on the date of record.
3. Record the payment of cash dividends.
On March 15, American Eagle declares a quarterly cash dividend of $0.095 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 216 million shares. (If no entry is E required for a particular transaction/event, select "No Journal...
Most questions answered within 3 hours.
-
The number of major faults on a randomly chosen 1 km stretch of
highway has a...
asked 2 minutes ago -
Consider the competitive environment of Starbuck's, Progressive
Insurance, a manufacturing firm with low turnover, or a...
asked 49 minutes ago -
3. Gains from trade
Consider two neighbouring island countries called Euphoria and
Contente. They each have...
asked 2 hours ago -
A business executive has the option to invest money in two
plans: Plan A guarantees that...
asked 5 hours ago -
Hello, can someone please help me answer this question?
How much heat is absorbed by a...
asked 5 hours ago -
. A marketing researcher conducted a survey of 25 shoppers
randomly selected at the local mall...
asked 5 hours ago -
Create an comprehensive response to the
following:
Antimicrobial agents work on a multitude of microbes (bacteria,...
asked 5 hours ago -
6.13 LAB: Step counter. Section 6.3.
A pedometer treats walking 2,000 steps as walking 1 mile....
asked 5 hours ago -
(14.2) A block of mass m = 10 kg riding on a frictionless
horizontal plane is...
asked 5 hours ago -
Use any search engine to search for articles about Starbucks
partnership with Tata Companies in India...
asked 5 hours ago -
Let’s say that for some reason Bank Excess Reserves suddenly
increase sharply. What effect would this...
asked 5 hours ago -
Given:
Curent Assets: $600,000
Total Assets: $2,600,000
Current Liabilities: $500,000
Total Liabilities: $1,700,000
What is the...
asked 5 hours ago