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The following transactions occur for the Panther Detective Agency during the month of July: a. Purchase...
The following transactions occur for Cardinal Music Academy during the month of October a. Provide music...
The following transactions occur for Cardinal Music Academy during the month of October a. Provide music lessons to students for $7,000 cash. b. Purchase prepaid insurance to protect musical equipment over the next year for $3,000 cash. c. Purchase musical equipment for $10,000 cash. d. Obtain a loan from a bank by signing a note for $10,000. Record the transactions. The company uses the following accounts: Cash, Prepaid Insurance, Equipment, Notes Payable, and Service Revenue. View transaction list Journal entry...
Required information The following information applies to the questions displayed below.) The following transactions occur for...
Required information The following information applies to the questions displayed below.) The following transactions occur for the Wolfpack Shoe Company during the month of June: a. Provide services to customers for $21,000 and receive cash b. Purchase office supplies on account for $11,000. c. Pay $5,200 in salaries to employees for work performed during the month. 2. Record the transactions. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View...
A company had the following transactions 1 Paid $150 for office supplies using a debit card....
A company had the following transactions 1 Paid $150 for office supplies using a debit card. 2 Purchased office equipment costing $700 using a credit card 3. Paid utilities bill of $400 by issuing a check. Record each transaction. (If no entry is required for a transactionlevent, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record $150 purchase of office supplies using a debit card. Note: Enter debits before credits Transaction General...
Selected activity of Mason Consulting Services follow DATE TRANSACTIONS 2019 Sept. 1 Zack Mason invested $59,000...
Selected activity of Mason Consulting Services follow DATE TRANSACTIONS 2019 Sept. 1 Zack Mason invested $59,000 in cash to start the firm. 4 Purchased office equipment for $6,400 on credit from Den, Inc. received Invoice 9823, payable in 30 days. 16 Purchased an automobile that will be used to visit clients issued Check 1001 for $14,400 in full payment 20 Purchased supplies for $510; paid immediately with Check 1002. 23 Returned damaged supplies for a cash refund of $165. 30...
ing the month, a company enters into the folowing transactions Buys $8,750 of supplies on account...
ing the month, a company enters into the folowing transactions Buys $8,750 of supplies on account Pays $0,000 cash for new equipment Pays off $4.800 of accounts payable. Pays off $2.450 of notes payable. quired: Show the effect of these transactions account balances with a minus sign) on the basic accounting equation. (Enter any decreases to Liabilitie S Stockholders Equity b. b. Prepare the joumal entries that would be used to record the transactions (if no entry is required for...
all part of the same question O'Brien Construction had the following business activities: 1. Stockholders invest...
all part of the same question
O'Brien Construction had the following business activities: 1. Stockholders invest $30,000 cash in the corporation - 2. O'Brien purchased $500 of office supplies on credit 3. O'Brien purchased office equipment for $8,000, paying $1,500 in cash and signing a 30-day note payable for the remainder. 4. O'Brien paid $250 cash on account for office supplies purchased in transaction 2 5. O'Brien purchased two acres of land for $6,000, signing a 2 year note payable....
Saved A company had the following transactions 1 Paid $160 for office supplies using a debit...
Saved A company had the following transactions 1 Paid $160 for office supplies using a debit card 2. Purchased office equipment costing $710 using a credit card 3. Paid utilitie bill of $450 by issuing a check Record each transaction. (If no entry is required for a trensaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record $160 purchase of office supplies using a debit card. Note: Enter debits before credits....
Arthur Industries entered into the following transactions during the month of June. A Purchased supplies for...
Arthur Industries entered into the following transactions during the month of June. A Purchased supplies for $5,200 cash. B. Paid $4.480 for salaries and wages for the month of June. C. Paid $560 in advance for July rent. D. Provided $12,200 in services on account E Paid $500 on accounts payable. F. Received $190 from customers as deposits for future services. G. Received a bill for $470 from the plumber who repaired a broken pipe in the restrooms, but will...
PLEASE HELP...READ THE QUESTIONS CAREFULLY!!!!! During the current month, a company that uses job order costing...
PLEASE HELP...READ THE QUESTIONS CAREFULLY!!!!!
During the current month, a company that uses job order costing purchases $50,000 in raw materials for cash. It then uses $12,000 of raw materials indirectly as factory supplies and uses $32,000 of raw materials as direct materials. Prepare journal entries to record these three transactions. View transaction list Journal entry worksheet < 1 2 3 Record the raw materials purchase for $50,000, paid in cash. Note: Enter debits before credits. Transaction General Journal Debit...
The transactions that follow took place at the Desoto Recreation and Sports Arena during September 2019....
The transactions that follow took place at the Desoto Recreation and Sports Arena during September 2019. This firm has indoor courts where customers can play tennis for a fee. It also rents equipment and offers tennis lessons DATE TRANSACTIONS Sept. 1 Issued Check 1169 for $1,200 to pay the September rent. 5 Performed services for $3,2ΘΘ in cash. 6 Performed services for $2,05Θ on credit. 10 Paid $560 for monthly telephone bill; issued Check 1170. 11 Paid for equipment repairs...
The following transactions occur for Cardinal Music Academy during the month of October a. Provide music lessons to students for $7,000 cash. b. Purchase prepaid insurance to protect musical equipment over the next year for $3,000 cash. c. Purchase musical equipment for $10,000 cash. d. Obtain a loan from a bank by signing a note for $10,000. Record the transactions. The company uses the following accounts: Cash, Prepaid Insurance, Equipment, Notes Payable, and Service Revenue. View transaction list Journal entry...
Required information The following information applies to the questions displayed below.) The following transactions occur for the Wolfpack Shoe Company during the month of June: a. Provide services to customers for $21,000 and receive cash b. Purchase office supplies on account for $11,000. c. Pay $5,200 in salaries to employees for work performed during the month. 2. Record the transactions. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View...
A company had the following transactions 1 Paid $150 for office supplies using a debit card. 2 Purchased office equipment costing $700 using a credit card 3. Paid utilities bill of $400 by issuing a check. Record each transaction. (If no entry is required for a transactionlevent, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record $150 purchase of office supplies using a debit card. Note: Enter debits before credits Transaction General...
Selected activity of Mason Consulting Services follow DATE TRANSACTIONS 2019 Sept. 1 Zack Mason invested $59,000 in cash to start the firm. 4 Purchased office equipment for $6,400 on credit from Den, Inc. received Invoice 9823, payable in 30 days. 16 Purchased an automobile that will be used to visit clients issued Check 1001 for $14,400 in full payment 20 Purchased supplies for $510; paid immediately with Check 1002. 23 Returned damaged supplies for a cash refund of $165. 30...
ing the month, a company enters into the folowing transactions Buys $8,750 of supplies on account Pays $0,000 cash for new equipment Pays off $4.800 of accounts payable. Pays off $2.450 of notes payable. quired: Show the effect of these transactions account balances with a minus sign) on the basic accounting equation. (Enter any decreases to Liabilitie S Stockholders Equity b. b. Prepare the joumal entries that would be used to record the transactions (if no entry is required for...
all part of the same question
O'Brien Construction had the following business activities: 1. Stockholders invest $30,000 cash in the corporation - 2. O'Brien purchased $500 of office supplies on credit 3. O'Brien purchased office equipment for $8,000, paying $1,500 in cash and signing a 30-day note payable for the remainder. 4. O'Brien paid $250 cash on account for office supplies purchased in transaction 2 5. O'Brien purchased two acres of land for $6,000, signing a 2 year note payable....
Saved A company had the following transactions 1 Paid $160 for office supplies using a debit card 2. Purchased office equipment costing $710 using a credit card 3. Paid utilitie bill of $450 by issuing a check Record each transaction. (If no entry is required for a trensaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record $160 purchase of office supplies using a debit card. Note: Enter debits before credits....
Arthur Industries entered into the following transactions during the month of June. A Purchased supplies for $5,200 cash. B. Paid $4.480 for salaries and wages for the month of June. C. Paid $560 in advance for July rent. D. Provided $12,200 in services on account E Paid $500 on accounts payable. F. Received $190 from customers as deposits for future services. G. Received a bill for $470 from the plumber who repaired a broken pipe in the restrooms, but will...
PLEASE HELP...READ THE QUESTIONS CAREFULLY!!!!!
During the current month, a company that uses job order costing purchases $50,000 in raw materials for cash. It then uses $12,000 of raw materials indirectly as factory supplies and uses $32,000 of raw materials as direct materials. Prepare journal entries to record these three transactions. View transaction list Journal entry worksheet < 1 2 3 Record the raw materials purchase for $50,000, paid in cash. Note: Enter debits before credits. Transaction General Journal Debit...
The transactions that follow took place at the Desoto Recreation and Sports Arena during September 2019. This firm has indoor courts where customers can play tennis for a fee. It also rents equipment and offers tennis lessons DATE TRANSACTIONS Sept. 1 Issued Check 1169 for $1,200 to pay the September rent. 5 Performed services for $3,2ΘΘ in cash. 6 Performed services for $2,05Θ on credit. 10 Paid $560 for monthly telephone bill; issued Check 1170. 11 Paid for equipment repairs...
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