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4. The process of transferring the debits and credits from the journal to the accounts is...
Help Seve A trial balance has total debits of $33,000 and total credits of $44,000. Which...
Help Seve A trial balance has total debits of $33,000 and total credits of $44,000. Which one of the following errors would create this imbalance? Multiple Choice A $5,500 debit to Utilities Expense in a journal entry was incorrectly posted to the ledger as a $5,500 credit, leaving the Utilities Expense account with a $6,250 debit balance. A $11,000 debit to Salaries Expense in a journal entry was incorrectly posted to the ledger as a $11,000 credit, leaving the Salaries...
Post the general journal entries from the journal to the corresponding general ledger accounts, paying particular attention to whether they’re debits or credits. Use the Post Ref. column to ensure t...
Post the general journal entries from the journal to the
corresponding general ledger accounts, paying particular attention
to whether they’re debits or credits. Use the Post Ref. column to
ensure that each line item of the journal entries is posted
correctly to each general ledger account. Posting from the journal
to the general ledger is simply rearranging the information.
J & LAccounting, Inc Post-Closing Trial Balance December 31, 2017 BALANCE DEBIT ACCOUNT TITLE CREDIT Cash, Business Checking Accounts Receivable Prepaid...
Requirement 1. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable;...
Requirement 1. Record each transaction in the journal, using
the following account titles: Cash; Accounts Receivable; Office
Supplies; Prepaid Insurance; Land; Building; Furniture; Accounts
Payable; Utilities Payable; Notes Payable; Common Stock;
Dividends; Service Revenue; Salaries Expense; Rent Expense; and
Utilities Expense. Explanations are not required. (Record debits
first, then credits. Exclude explanations from journal
entries.)
Requirement 2. The following four-column accounts have been
opened: Cash, 101; Accounts Receivable, 111; Office Supplies,
121; Prepaid Insurance, 131; Land, 141; Building, 151;
Furniture,...
Instruction Chart of Accounts Journal A 1: III nstructions On March 1, it was discovered that...
Instruction Chart of Accounts Journal A 1: III nstructions On March 1, it was discovered that the following errors took place in joumaizing and posting transactions: a. Rent Expense of $4,800 paid for the current month was recorded as a debit to Miscellaneous Expense and a credit to Rent Expense. b. The payment of $3,300 from a customer on account was recorded as a debit to Cash and a credit to Accounts Payable. Journalize the entries on March 1 to...
Journal entry worksheet 4 rescoronhe avment ofro ipe in the restrooms. Note: Enter debits before credits....
Journal entry worksheet 4 rescoronhe avment ofro ipe in the restrooms. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal Journal entry worksheet 4 Record the payment of $3,300 for the June electricity bill Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 4 Record the receipt of July electricity bill for $4,000 which will be paid in August. Note:...
Please help ts first, then credits. Select the explanation on the last line of the journal...
Please help
ts first, then credits. Select the explanation on the last line of the journal entry table.) Debit Credit 6 Requirements 1. Record the journal entry for the July 1 payment. 2. Record the adjusting entry required at July 31. 3. Using T-accounts, post the journal entry and adjusting entry to the accounts involved and show their balances at July 31. (lgnore the Cash account) Print Done g entry to the accounts involved and show their balances at July...
nstructions Journal The following errors took place in journalizing and posting transactions: Journalize the entries on...
nstructions Journal The following errors took place in journalizing and posting transactions: Journalize the entries on December 31 to correct the errors. Use two entries to correct the error described in A. (That is, record an entry to reverse the incorrect entry and a second entry to record the corre a. Insurance of $18,000 paid for the current year was recorded as a debit to Insurance Expense and a credit wording of account titles. to Prepaid Insurance b. Dividends of...
The first table (Accounts and Explanations) is completed with the correct answers. I have provided the...
The first table (Accounts and Explanations) is completed with
the correct answers. I have provided the options for the second
(Account and Explanation) table. I need help with filling the
second table.
Consider the following transactions: a. Loopy Shirts, Inc., sold 1,200 T-shirts to the FSU Bookstore for $13,200 cash. Loopy originally paid $3,600 for the shirts. b. Investment Industries, Inc., received a utility bill for the last month of the year in the amount of $550 but won't actually...
a. Performed $8,200 of services on account. b. Collected $5,600 cash on accounts receivable. c. Paid...
a. Performed $8,200 of services on account. b. Collected $5,600 cash on accounts receivable. c. Paid $1,450 cash in advance for an insurance policy. d. Paid $400 on accounts payable. e. Recorded the adjusting entry to recognize $300 of insurance expense. f. Received $1,600 cash for services to be performed at a later date. g. Purchased land for $9,000 cash. h. Purchased supplies for $350 cash. Required Record each of the above transactions in general journal form and then show...
Journal entry worksheet The company received $3,150 cash in photography fees earned. Note: Enter debits before...
Journal entry worksheet The company received $3,150 cash in photography fees earned. Note: Enter debits before credits. General Journal Debit Credit Date Aug 20 Record entry Clear entry View general journal Journal entry worksheet The company purchased office supplies for $2,043 cash. Note: Enter debits before credits. General Journal | Debit Credit Date Aug 05 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 The company paid $2,700 cash for an insurance policy...
Help Seve A trial balance has total debits of $33,000 and total credits of $44,000. Which one of the following errors would create this imbalance? Multiple Choice A $5,500 debit to Utilities Expense in a journal entry was incorrectly posted to the ledger as a $5,500 credit, leaving the Utilities Expense account with a $6,250 debit balance. A $11,000 debit to Salaries Expense in a journal entry was incorrectly posted to the ledger as a $11,000 credit, leaving the Salaries...
Post the general journal entries from the journal to the
corresponding general ledger accounts, paying particular attention
to whether they’re debits or credits. Use the Post Ref. column to
ensure that each line item of the journal entries is posted
correctly to each general ledger account. Posting from the journal
to the general ledger is simply rearranging the information.
J & LAccounting, Inc Post-Closing Trial Balance December 31, 2017 BALANCE DEBIT ACCOUNT TITLE CREDIT Cash, Business Checking Accounts Receivable Prepaid...
Requirement 1. Record each transaction in the journal, using
the following account titles: Cash; Accounts Receivable; Office
Supplies; Prepaid Insurance; Land; Building; Furniture; Accounts
Payable; Utilities Payable; Notes Payable; Common Stock;
Dividends; Service Revenue; Salaries Expense; Rent Expense; and
Utilities Expense. Explanations are not required. (Record debits
first, then credits. Exclude explanations from journal
entries.)
Requirement 2. The following four-column accounts have been
opened: Cash, 101; Accounts Receivable, 111; Office Supplies,
121; Prepaid Insurance, 131; Land, 141; Building, 151;
Furniture,...
Instruction Chart of Accounts Journal A 1: III nstructions On March 1, it was discovered that the following errors took place in joumaizing and posting transactions: a. Rent Expense of $4,800 paid for the current month was recorded as a debit to Miscellaneous Expense and a credit to Rent Expense. b. The payment of $3,300 from a customer on account was recorded as a debit to Cash and a credit to Accounts Payable. Journalize the entries on March 1 to...
Journal entry worksheet 4 rescoronhe avment ofro ipe in the restrooms. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal Journal entry worksheet 4 Record the payment of $3,300 for the June electricity bill Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 4 Record the receipt of July electricity bill for $4,000 which will be paid in August. Note:...
Please help
ts first, then credits. Select the explanation on the last line of the journal entry table.) Debit Credit 6 Requirements 1. Record the journal entry for the July 1 payment. 2. Record the adjusting entry required at July 31. 3. Using T-accounts, post the journal entry and adjusting entry to the accounts involved and show their balances at July 31. (lgnore the Cash account) Print Done g entry to the accounts involved and show their balances at July...
nstructions Journal The following errors took place in journalizing and posting transactions: Journalize the entries on December 31 to correct the errors. Use two entries to correct the error described in A. (That is, record an entry to reverse the incorrect entry and a second entry to record the corre a. Insurance of $18,000 paid for the current year was recorded as a debit to Insurance Expense and a credit wording of account titles. to Prepaid Insurance b. Dividends of...
The first table (Accounts and Explanations) is completed with
the correct answers. I have provided the options for the second
(Account and Explanation) table. I need help with filling the
second table.
Consider the following transactions: a. Loopy Shirts, Inc., sold 1,200 T-shirts to the FSU Bookstore for $13,200 cash. Loopy originally paid $3,600 for the shirts. b. Investment Industries, Inc., received a utility bill for the last month of the year in the amount of $550 but won't actually...
a. Performed $8,200 of services on account. b. Collected $5,600 cash on accounts receivable. c. Paid $1,450 cash in advance for an insurance policy. d. Paid $400 on accounts payable. e. Recorded the adjusting entry to recognize $300 of insurance expense. f. Received $1,600 cash for services to be performed at a later date. g. Purchased land for $9,000 cash. h. Purchased supplies for $350 cash. Required Record each of the above transactions in general journal form and then show...
Journal entry worksheet The company received $3,150 cash in photography fees earned. Note: Enter debits before credits. General Journal Debit Credit Date Aug 20 Record entry Clear entry View general journal Journal entry worksheet The company purchased office supplies for $2,043 cash. Note: Enter debits before credits. General Journal | Debit Credit Date Aug 05 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 The company paid $2,700 cash for an insurance policy...
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