Homework Answers
| S.No. | Particulars | Dr / Cr | Amount | Amount | ||||||||||
| 1 | Office Supplies | Dr | 2800 | |||||||||||
| Accounts Payable | Cr | 2800 | ||||||||||||
| (Office supplies bought on account) | ||||||||||||||
| 2 | Accounts Payable | Dr | 800 | |||||||||||
| Cash | Cr | 800 | ||||||||||||
| (Cash paid to creditors / vendors) | ||||||||||||||
| Cash | Office Supplies | Accounts Payable | ||||||||||||
| Particulars | Amount | Particulars | Amount | Particulars | Amount | Particulars | Amount | Particulars | Amount | Particulars | Amount | |||
| Opening Balance | 18000 | Cash paid to suppliers | 800 | Supplies bought | 2800 | Cash paid | 800 | Supplies bought | 2800 | |||||
| Closing Balance | 17200 | Closing Balance | 2800 | Closing Balance | 2000 | |||||||||
| 18000 | 18000 | 2800 | 2800 | 2800 | 2800 | |||||||||
Add Answer to:
art Optical Dispensary completed the following transactions during the latter part of March: Purchased office supplies...
Silbert Sullivan Optical Dispensary completed the following transactions during the latter part of March: Mar. 15...
Silbert Sullivan Optical Dispensary completed the following transactions during the latter part of March: Mar. 15 Purchased office supplies on account, $3,800 28 Paid $1,200 on account Read the requirements. Requirement 1. Journalize the transactions of Gilbert Sullivan Optical Dispensary. Include an explanation with each journal entry. (Record debits first, then credits. Select the explanation on the last line of the Journal entry table.) Mar. 15. Purchased office supplies on account, $3,800 Date Accounts and Explanation Debit Credit Mar. 15...
Hector Smith Optical Dispensary completed the following transactions during the latter part of March: Purchased office...
Hector Smith Optical Dispensary completed the following transactions during the latter part of March: Purchased office supplies on account, $3,000 Mar. 15 Paid $1.500 on account 28 gE Read the requirements. Paid cash on account Requirement 2. The following T-accounts have been opened for you: Cash (Beginning Balance of $15,000), Office Supplies, and Accounts Payable. Post the jounal entries from Requirement 1 to the accounts, and compute the balance in each account. (Use a "Bal" posting reference on the proper...
Roland Foster Optical Dispensary completed the following transactions during the latter part of March: Mar. 15...
Roland Foster Optical Dispensary completed the following transactions during the latter part of March: Mar. 15 28 Purchased office supplies on account, $3,400. Paid $1,800 on account. Requirements 1. Journalize the transactions of Roland Foster Optical Dispensary. Include an explanation with each journal entry. 2. Open the following accounts (use T-account format): Cash (Beginning Balance of $21,000), Office Supplies, and Accounts Pavable. Post the journal entries from Requirement to the accounts, and compute the balance in each account
6. Roland Foster Optical Dispensary completed the following transactions during the latter part of March: Print...
6. Roland Foster Optical Dispensary completed the following transactions during the latter part of March: Print Mar. 15 Purchased office supplies on account, $3,400 28 Paid $1,800 on account. Read the requirements Requirement 1. Journalize the transactions of Roland Foster Optical Dispensary. Include an explanation with each journal entry. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) Mar. 15: Purchased office supplies on account, $3,400. Date Accounts and Explanation Debit Credit...
AFAP John Daniel opened a medical practice in Sacramento, California, and had the following transactions during...
AFAP
John Daniel opened a medical practice in Sacramento, California, and had the following transactions during the month of January: (Click the icon to view the January transactions.) Journalize the transactions of John Daniel, M.D. Include an explanation with each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 1: The business received $34,000 cash and issued common stock to Daniel. Date Accounts and Explanation Jan. 1 Debit Credit More...
Journalize the following transactions for July Homework: HW #2 Save Score: 0 of 4 pts 7...
Journalize the following transactions for July
Homework: HW #2 Save Score: 0 of 4 pts 7 of 7 (6 complete) HW Score: 58.75%, 5.88 of 10 pts S2-12 (similar to) Question Help Journalize the following transactions. Include dates and a brief explanation for each journal entry. (Click the icon to view the transactions.) Journalize the following transactions for July (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) July 1: Issued common...
Prepare the journal entries for the following petty cash transactions of Eagleton Gaming Supplies: Jan. 1...
Prepare the journal entries for the following petty cash transactions of Eagleton Gaming Supplies: Jan. 1 Established a petty cash fund with a $250 balance. 31 The petty cash fund has $24 in cash and $238 in petty cash tickets that were issued to pay for Office Supplies ($68) and Entertainment Expense ($170). Replenished the fund and recorded the expenses. Feb. 15 Increased the balance of the petty cash fund to $300. Prepare journal entries. (Record debits first, then, credits....
At the beginning of the year, office supplies of $1,200 were on hand. During the year,...
At the beginning of the year, office supplies of $1,200 were on hand. During the year, Amble Air Conditioning Service paid $3,500 for more office supplies. At the end of the year, Amble has $900 of office supplies on hand. Read the requirements Requirement 1. Record the adjusting entry assuming that Amble records the purchase of office supplies by initially debiting an asset account. Post the adjusting entry to the Office Supplies and Supplies Expense T-accounts. Make sure to include...
Mike Young opened Young's Carpet Cleaners on March 1. During March, the following transactions were completed....
Mike Young opened Young's Carpet Cleaners on March 1. During March, the following transactions were completed. Mar. 1 14 18 Invested $18,000 cash in the business. Purchased used truck for $7,000, paying $3,000 cash and the balance on account. Purchased cleaning supplies for $1,300 on account. Paid S1,600 cash on one-year insurance policy effective March 1. Billed customers $2,800 for cleaning services. Paid S1,600 cash on amount owed on truck and S500 on amount owed on cleaning supplies. Paid $400...
Journalize the following transactions. Include dates and a brief explanation for each journal entry. (Click the...
Journalize the following transactions. Include dates and a brief explanation for each journal entry. (Click the icon to view the transactions.) Journalize the following transactions for July. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Check your spelling carefully and do not abbreviate.) July 1: Issued common stock for $14,000 Journal Entry Accounts and Explanations Credit Date Debit Jul July 5: Performed services on account for $12,000 no July 1: Issued...
Silbert Sullivan Optical Dispensary completed the following transactions during the latter part of March: Mar. 15 Purchased office supplies on account, $3,800 28 Paid $1,200 on account Read the requirements. Requirement 1. Journalize the transactions of Gilbert Sullivan Optical Dispensary. Include an explanation with each journal entry. (Record debits first, then credits. Select the explanation on the last line of the Journal entry table.) Mar. 15. Purchased office supplies on account, $3,800 Date Accounts and Explanation Debit Credit Mar. 15...
Hector Smith Optical Dispensary completed the following transactions during the latter part of March: Purchased office supplies on account, $3,000 Mar. 15 Paid $1.500 on account 28 gE Read the requirements. Paid cash on account Requirement 2. The following T-accounts have been opened for you: Cash (Beginning Balance of $15,000), Office Supplies, and Accounts Payable. Post the jounal entries from Requirement 1 to the accounts, and compute the balance in each account. (Use a "Bal" posting reference on the proper...
Roland Foster Optical Dispensary completed the following transactions during the latter part of March: Mar. 15 28 Purchased office supplies on account, $3,400. Paid $1,800 on account. Requirements 1. Journalize the transactions of Roland Foster Optical Dispensary. Include an explanation with each journal entry. 2. Open the following accounts (use T-account format): Cash (Beginning Balance of $21,000), Office Supplies, and Accounts Pavable. Post the journal entries from Requirement to the accounts, and compute the balance in each account
6. Roland Foster Optical Dispensary completed the following transactions during the latter part of March: Print Mar. 15 Purchased office supplies on account, $3,400 28 Paid $1,800 on account. Read the requirements Requirement 1. Journalize the transactions of Roland Foster Optical Dispensary. Include an explanation with each journal entry. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) Mar. 15: Purchased office supplies on account, $3,400. Date Accounts and Explanation Debit Credit...
AFAP
John Daniel opened a medical practice in Sacramento, California, and had the following transactions during the month of January: (Click the icon to view the January transactions.) Journalize the transactions of John Daniel, M.D. Include an explanation with each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 1: The business received $34,000 cash and issued common stock to Daniel. Date Accounts and Explanation Jan. 1 Debit Credit More...
Journalize the following transactions for July
Homework: HW #2 Save Score: 0 of 4 pts 7 of 7 (6 complete) HW Score: 58.75%, 5.88 of 10 pts S2-12 (similar to) Question Help Journalize the following transactions. Include dates and a brief explanation for each journal entry. (Click the icon to view the transactions.) Journalize the following transactions for July (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) July 1: Issued common...
Prepare the journal entries for the following petty cash transactions of Eagleton Gaming Supplies: Jan. 1 Established a petty cash fund with a $250 balance. 31 The petty cash fund has $24 in cash and $238 in petty cash tickets that were issued to pay for Office Supplies ($68) and Entertainment Expense ($170). Replenished the fund and recorded the expenses. Feb. 15 Increased the balance of the petty cash fund to $300. Prepare journal entries. (Record debits first, then, credits....
At the beginning of the year, office supplies of $1,200 were on hand. During the year, Amble Air Conditioning Service paid $3,500 for more office supplies. At the end of the year, Amble has $900 of office supplies on hand. Read the requirements Requirement 1. Record the adjusting entry assuming that Amble records the purchase of office supplies by initially debiting an asset account. Post the adjusting entry to the Office Supplies and Supplies Expense T-accounts. Make sure to include...
Mike Young opened Young's Carpet Cleaners on March 1. During March, the following transactions were completed. Mar. 1 14 18 Invested $18,000 cash in the business. Purchased used truck for $7,000, paying $3,000 cash and the balance on account. Purchased cleaning supplies for $1,300 on account. Paid S1,600 cash on one-year insurance policy effective March 1. Billed customers $2,800 for cleaning services. Paid S1,600 cash on amount owed on truck and S500 on amount owed on cleaning supplies. Paid $400...
Journalize the following transactions. Include dates and a brief explanation for each journal entry. (Click the icon to view the transactions.) Journalize the following transactions for July. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Check your spelling carefully and do not abbreviate.) July 1: Issued common stock for $14,000 Journal Entry Accounts and Explanations Credit Date Debit Jul July 5: Performed services on account for $12,000 no July 1: Issued...
Most questions answered within 3 hours.
-
A free electron and a free proton are exactly 0.70 cm apart.
A)
Find the magnitude...
asked 19 minutes ago -
Bob is gambling in the casino. The probability that he will win
nothing is 0.2. The...
asked 12 minutes ago -
Identify and Describe the major sources of U.S law. Provide a
sport-related example of each.
asked 1 hour ago -
NASA's Ames Research Center in Mountain View, California, houses
a 20g centrifuge used to conduct research...
asked 1 hour ago -
I want a python code using recursion ONLY.
I cannot use any loops, dictionaries or modules....
asked 1 hour ago -
Tobin Supplies Company expects sales next year to be $450,000.
Inventory and accounts receivable will increase...
asked 2 hours ago -
Give the relative rates for the following with a neighbor at your
desk
PH3(g) to P4(g)...
asked 2 hours ago -
Suppose Acap Corporation will pay a dividend of $2.87 per share
at the end of this...
asked 3 hours ago -
Scientists make earthquake forecasts using data from:
A.
geodesy
B.
seismology
C.
geology
D.
paleoseismology
E....
asked 3 hours ago -
Employee training can
be defined as planned organizational efforts to help employees
learn job-related knowledge, skills,...
asked 4 hours ago -
Which for loop is implemented correctly in Java?
Group of answer choices
for (i = 0...
asked 5 hours ago -
Required information
[The following information applies to the questions
displayed below.]
In 2019, Alliant Corporation acquired...
asked 5 hours ago