A company completed the following transactions during the month of October: I. Purchased office supplies on...
A company completed the following transactions during the month of October: I. Purchased office supplies on account, $ 5 comma 000. II. Provided services for cash, $ 25 comma 000. III. Provided services on account, $ 32 comma 000. IV. Collected cash from a customer on account, $ 30 comma 000. V. Paid the monthly rent of $ 3 comma 400. What was the company's total revenue for the month?
Homework Answers
Answer- The company's total revenue for the month was= $57000.
Explanation- Company's total revenue for the month = Cash services provided + Services on account
= $25000+$32000
= $57000
Add Answer to:
A company completed the following transactions during the month
of October: I. Purchased office supplies on...
company completed the following transactions during the month of October: I. Purchased office supplies on account,...
company completed the following transactions during the month of October: I. Purchased office supplies on account, $ 4 comma 000$4,000. II. Provided services for cash, $ 21 comma 000$21,000. III. Provided services on account, $ 33 comma 000$33,000. IV. Collected cash from a customer on account, $ 31 comma 000$31,000. V. Paid the monthly rent of $ 4 comma 400$4,400. What was the company's total revenue for the month?.
A company completed the following transactions during the month of October: I. Purchased office supplies on...
A company completed the following transactions during the month of October: I. Purchased office supplies on account, $ 4 comma 400$4,400. II. Provided services for cash, $ 20 comma 000$20,000. III. Provided services on account, $ 15 comma 000$15,000. IV. Collected cash from a customer on account, $ 8 comma 200$8,200. V. Paid the monthly rent of $ 14 comma 000$14,000. What was the company's net income for the month?
A company completed the following transactions during the month of October: I. Purchased office supplies on...
A company completed the following transactions during the month of October: I. Purchased office supplies on account,$5,800. II. Provided services for cash,$22,000. III. Provided services on account,$33,000. IV. Collected cash from a customer on account,$28,000. V. Paid the monthly rent of $4,800. What was the company's total revenue for the month? A.$33,000 B.$83,000 C.$22,000 D.$55,000
A company completed the following transactions during the month of October: I. Purchased office supplies on...
A company completed the following transactions during the month of October: I. Purchased office supplies on account,$5,800. II. Provided services for cash,$25,000. III. Provided services on account,$17,000. IV. Collected cash from a customer on account,$7,800. V. Paid the monthly rent of $13,000. What was the company's net income for the month? A. $29,000 B. $55,000 C. $42,000 D. $17,000
This Question: 3 pts A company completed the following transactions during the month of October 1....
This Question: 3 pts A company completed the following transactions during the month of October 1. Purchased office supplies on account, $5,200. IL Provided services for cash, $23,000. III. Provided services on account, $16,000 IV. Collected cash from a customer on account, $7.400. V. Paid the monthly rent of $16,000. What was the company's net income for the month? O A. $23,000 O B. $39,000 O C. $55,000 OD. $16,000 Click to select your answer. O Type here to search...
45. Rowdy Bolton began Bolton Office Services in October and during that month completed these transactions...
45. Rowdy Bolton began Bolton Office Services in October and during that month completed these transactions a. Invested $10.000 cash, and $15,000 of computer equipment. b. Paid $500 cash for an insurance premium covering the next 12 months cCompleted a word processing assignment for a customer and collected $1,000 cash, d. Paid $200 cash for office supplies e. Paid $2,000 for October's rent Prepare journal entries to record the above transactions. Explanations are unnecessary
Exercise 3 (5 points) Brahim began Brahim Office Services in October and during that month completed...
Exercise 3 (5 points) Brahim began Brahim Office Services in October and during that month completed these transactions: a. Invested KD 10,000 cash, and KD 15.000 of computer equipment b. Paid KD 500 cash for an insurance premium covering the next 12 months C. Completed a word processing assignment for a customer and collected KD 100 cash. d. Paid KD 100 cash for office supplies. e. Paid KD200 for October's rent. Prepare journal entries to record the above transactions. Cash...
1. a) Selected transactions for Garver Company during its first month in business are presented below....
1. a) Selected transactions for Garver Company during its first month in business are presented below. On the form provided on the following page, journalize these transactions. Omit explanations. Indicate "No entry" if appropriate. A chart of accounts is provided below: (5 points) Cash Office Supplies Accounts Receivable Prepaid Rent Prepaid Insurance Office Equipment Accounts Payable Notes Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Insurance Expense Sept. 1 Jo Garver invested $25,000...
Mitchel Delivery Service completed the following transactions during December 2018. This is the part I'm stuck...
Mitchel Delivery Service completed the following transactions
during December 2018.
This is the part I'm stuck on with the T-Accounts
Dec 1 Mitchel Delivery Service began operations by receiving $22,000 cash and a truck with a fair value of $12,000 from Reggie Mitchel. The business issued Mitchel shares of common stock in exchange for this contribution. 1 Paid $1,800 cash for a twelve-month insurance policy. The policy begins December 1 Paid $650 cash for office supplies Performed delivery services for...
Journalize the following transactions in proper form, include dates (omit explanations). Mar. 4 Purchased office supplies...
Journalize the following transactions in proper form, include dates (omit explanations). Mar. 4 Purchased office supplies for $900, $700 was on account and the remainder was paid in cash. Mar. 5 Billed a client for $1,000 for services provided for the customer during the month. Mar 6 Received $1,500 on account for the services that was previously recorded. 7 T:- I B I U Ꭶ X2 x? 8 3 들 Ž > < iii Date Account Debit Credit
This Question: 3 pts A company completed the following transactions during the month of October 1. Purchased office supplies on account, $5,200. IL Provided services for cash, $23,000. III. Provided services on account, $16,000 IV. Collected cash from a customer on account, $7.400. V. Paid the monthly rent of $16,000. What was the company's net income for the month? O A. $23,000 O B. $39,000 O C. $55,000 OD. $16,000 Click to select your answer. O Type here to search...
45. Rowdy Bolton began Bolton Office Services in October and during that month completed these transactions a. Invested $10.000 cash, and $15,000 of computer equipment. b. Paid $500 cash for an insurance premium covering the next 12 months cCompleted a word processing assignment for a customer and collected $1,000 cash, d. Paid $200 cash for office supplies e. Paid $2,000 for October's rent Prepare journal entries to record the above transactions. Explanations are unnecessary
Exercise 3 (5 points) Brahim began Brahim Office Services in October and during that month completed these transactions: a. Invested KD 10,000 cash, and KD 15.000 of computer equipment b. Paid KD 500 cash for an insurance premium covering the next 12 months C. Completed a word processing assignment for a customer and collected KD 100 cash. d. Paid KD 100 cash for office supplies. e. Paid KD200 for October's rent. Prepare journal entries to record the above transactions. Cash...
1. a) Selected transactions for Garver Company during its first month in business are presented below. On the form provided on the following page, journalize these transactions. Omit explanations. Indicate "No entry" if appropriate. A chart of accounts is provided below: (5 points) Cash Office Supplies Accounts Receivable Prepaid Rent Prepaid Insurance Office Equipment Accounts Payable Notes Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Insurance Expense Sept. 1 Jo Garver invested $25,000...
Mitchel Delivery Service completed the following transactions
during December 2018.
This is the part I'm stuck on with the T-Accounts
Dec 1 Mitchel Delivery Service began operations by receiving $22,000 cash and a truck with a fair value of $12,000 from Reggie Mitchel. The business issued Mitchel shares of common stock in exchange for this contribution. 1 Paid $1,800 cash for a twelve-month insurance policy. The policy begins December 1 Paid $650 cash for office supplies Performed delivery services for...
Journalize the following transactions in proper form, include dates (omit explanations). Mar. 4 Purchased office supplies for $900, $700 was on account and the remainder was paid in cash. Mar. 5 Billed a client for $1,000 for services provided for the customer during the month. Mar 6 Received $1,500 on account for the services that was previously recorded. 7 T:- I B I U Ꭶ X2 x? 8 3 들 Ž > < iii Date Account Debit Credit
Most questions answered within 3 hours.
-
Why did so many investment banks have to start buying CDO’s and
other mortgaged backed securities...
asked 3 minutes ago -
The mean cost of domestic airfares in the United States rose to
an all-time high of...
asked 14 minutes ago -
1.Magazine Luiza is a Brazilian retail chain for consumer
electronics. The company currently has 100 stores...
asked 13 minutes ago -
What is the molarity of ZnCl2 that forms when 25.0 g of zinc
completely reacts with...
asked 15 minutes ago -
For independent X and Y, we have probability density function
for them where pdf of X...
asked 25 minutes ago -
The decomposition of SO2Cl2 is first order in SO2Cl2 and has a
rate constant of 1.42...
asked 21 minutes ago -
How do I convert from volume percent to mole percent in the
distillation lab? ethy acetate...
asked 28 minutes ago -
8. An air-plane has an effective wing surface area of 14.0 m²
that is generating the...
asked 29 minutes ago -
A railroad worker was a person who worked on setting and moving
railroad tracks. In securing...
asked 27 minutes ago -
using RECURSIVE Functions in Java, create a public static String
doubleLetters (String word)
For ex) that...
asked 34 minutes ago -
With a $16 Trillion national ebt, and projected annual budget
eficits in excess of $1 Trillion...
asked 48 minutes ago -
A machine shop owner wishes to assign each of three machinists
(labeled 1, 2, and 3)...
asked 1 hour ago