Homework Answers
| Date | Account Title | Debit | Credit |
| Supplies | $6,000 | ||
| Cash | $6,000 | ||
| (To record purchase of supplies) | |||
| Supplies Expense | $5,650 | ||
| Supplies | $5,650 | ||
| (To record supply expense) |
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11A. Rapid Way Printing Services purchased $6,000 of printing supplies for cash, recording the transaction using...
11A. Print It Printing Services purchased $4,000 of printing supplies for cash, recording the transaction using...
11A. Print It Printing Services purchased $4,000 of printing supplies for cash, recording the transaction using the alternative treatment for deferred expenses. At the end of the year, Print It had $400 of printing supplies remaining. Record the journal entry for the purchase of printing supplies and the adjusting entry for printing supplies not used. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First record the journal entry for the purchase...
On October 1, 2024, Kitchen Design paid $15,000 for store rent covering the six-month period ending...
On October 1, 2024, Kitchen Design paid $15,000 for store rent covering the six-month period ending March 31, 2025. Requirements 1. Journalize the entry on October 1 by using the alternative treatment of deferred expenses. 2. Record the December 31, 2024 adjusting entry. Requirement 1. Journalize the entry on October 1 by using the alternative treatment of deferred expenses. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation...
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...
Required: 1. Update account balances for the year-end information by recording any necessary adjusting entries. No...
Required:
1. Update account balances for the year-end
information by recording any necessary adjusting entries. No prior
adjustments have been made in Year 1. (If no entry is
required for a particular transaction/event, select "No Journal
Entry Required" in the first account field. Do not round
intermediate calculations.)
Required information [The following information applies to the questions displayed below.] The December 31, Year 1, unadjusted trial balance for a company is presented below. Credit Debit $ 8,400 13,400 5,280 2,400...
S3-12 (similar to) Question Help At the end of June, Galant Dental had performed $6,000 of...
S3-12 (similar to) Question Help At the end of June, Galant Dental had performed $6,000 of dental services but has not yet billed customers. Record the adjusting entry for accrued revenue. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit June 30
Cash Supplies 900 Prepaid Insurance 4,800 (C) 6,000 (b) 4,500 (d) 4,800 800 900 3,400 Equipment...
Cash Supplies 900 Prepaid Insurance 4,800 (C) 6,000 (b) 4,500 (d) 4,800 800 900 3,400 Equipment 7,600 3,400 Web Servers Accounts Payable 900 (C) 12,000 900 Common Stock Services Revenue Selling Expenses 25,600 4,500 (d) 800 Use information from the T-accounts given above to prepare general journal entries for each of the seven transactions a through g View transaction list Journal entry worksheet 2 3 4 6 Record the owner investment in company Note: Enter debits before credits Transaction General...
Purchased office supplies on account. Account Name Account Type Increase/Decrease Debit/Credit I Collected cash for future...
Purchased office supplies on account. Account Name Account Type Increase/Decrease Debit/Credit I Collected cash for future services. Account Name Account Type Increase/Decrease Debit/Credit sactions as journal entries. Record debits first, then credits. Collected $6,000 čash for future services. Date Accounts and Explanation Debit Credit Nov. 3 Owner contributed $8,000 in furniture in exchange for common stock. Date Accounts and Explanation Debit Credit Nov. 4
View transaction list of 7 Journal entry worksheet 3:00:05 Record the consumption of supplies during the...
View transaction list of 7 Journal entry worksheet 3:00:05 Record the consumption of supplies during the month if supplies worth $4,000 were purchased on January 5 and at the end of the month supplies worth $3,000 were in hand. oped took Note: Enter debits before credits. Date General Journal Jan 31 Debit Credit Ask rint rences Record entry Clear entry View general journal View lans Journal entry worksheet Record the $2,100 rent paid for 3 months on January 1. Note:...
On January 1, 2018, Red Flash Photography had the following balances: Cash, $16,000; Supplies, $8,400; Land,...
On January 1, 2018, Red Flash Photography had the following balances: Cash, $16,000; Supplies, $8,400; Land, $64,000; Deferred Revenue, $5,400: Common Stock $54,000; Retained Earnings, $29,000. During 2018, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $24,000. 2. May 20 Provide services to customers for cash, $39,000, and on account, $34,000. 3. August 31 Pay salaries to employees for work in 2018, $27,000. 4. October 1Purchase rental space for one year, $16,000. 5....
A company provides services to customers for $2,500 cash. Record the transaction. (If no entry is...
A company provides services to customers for $2,500 cash. Record the transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 A company provides services to customers for $2,500 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
11A. Print It Printing Services purchased $4,000 of printing supplies for cash, recording the transaction using the alternative treatment for deferred expenses. At the end of the year, Print It had $400 of printing supplies remaining. Record the journal entry for the purchase of printing supplies and the adjusting entry for printing supplies not used. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First record the journal entry for the purchase...
On October 1, 2024, Kitchen Design paid $15,000 for store rent covering the six-month period ending March 31, 2025. Requirements 1. Journalize the entry on October 1 by using the alternative treatment of deferred expenses. 2. Record the December 31, 2024 adjusting entry. Requirement 1. Journalize the entry on October 1 by using the alternative treatment of deferred expenses. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation...
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...
Required:
1. Update account balances for the year-end
information by recording any necessary adjusting entries. No prior
adjustments have been made in Year 1. (If no entry is
required for a particular transaction/event, select "No Journal
Entry Required" in the first account field. Do not round
intermediate calculations.)
Required information [The following information applies to the questions displayed below.] The December 31, Year 1, unadjusted trial balance for a company is presented below. Credit Debit $ 8,400 13,400 5,280 2,400...
S3-12 (similar to) Question Help At the end of June, Galant Dental had performed $6,000 of dental services but has not yet billed customers. Record the adjusting entry for accrued revenue. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit June 30
Cash Supplies 900 Prepaid Insurance 4,800 (C) 6,000 (b) 4,500 (d) 4,800 800 900 3,400 Equipment 7,600 3,400 Web Servers Accounts Payable 900 (C) 12,000 900 Common Stock Services Revenue Selling Expenses 25,600 4,500 (d) 800 Use information from the T-accounts given above to prepare general journal entries for each of the seven transactions a through g View transaction list Journal entry worksheet 2 3 4 6 Record the owner investment in company Note: Enter debits before credits Transaction General...
Purchased office supplies on account. Account Name Account Type Increase/Decrease Debit/Credit I Collected cash for future services. Account Name Account Type Increase/Decrease Debit/Credit sactions as journal entries. Record debits first, then credits. Collected $6,000 čash for future services. Date Accounts and Explanation Debit Credit Nov. 3 Owner contributed $8,000 in furniture in exchange for common stock. Date Accounts and Explanation Debit Credit Nov. 4
View transaction list of 7 Journal entry worksheet 3:00:05 Record the consumption of supplies during the month if supplies worth $4,000 were purchased on January 5 and at the end of the month supplies worth $3,000 were in hand. oped took Note: Enter debits before credits. Date General Journal Jan 31 Debit Credit Ask rint rences Record entry Clear entry View general journal View lans Journal entry worksheet Record the $2,100 rent paid for 3 months on January 1. Note:...
On January 1, 2018, Red Flash Photography had the following balances: Cash, $16,000; Supplies, $8,400; Land, $64,000; Deferred Revenue, $5,400: Common Stock $54,000; Retained Earnings, $29,000. During 2018, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $24,000. 2. May 20 Provide services to customers for cash, $39,000, and on account, $34,000. 3. August 31 Pay salaries to employees for work in 2018, $27,000. 4. October 1Purchase rental space for one year, $16,000. 5....
A company provides services to customers for $2,500 cash. Record the transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 A company provides services to customers for $2,500 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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