Homework Answers
Option D is correct.
| Date | Accounts | Debit | Credit |
| March 17 | Write, Withdrawals | 1,000 | |
| Cash | 1,000 |
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QUESTION ANSWER 0 On March 17, John Write, owner of Complete Computer Service, made $1,000 cash...
QUESTION ANSWER Debit Credit Date Accounts On March 26, Jones Repair Service earned $1,700 of service...
QUESTION ANSWER Debit Credit Date Accounts On March 26, Jones Repair Service earned $1,700 of service revenue on account. Mar. 26 Cash 1,700 Service Revenue 1,700 The journal entry to record this transaction would be: Debit Credit Date Accounts Mar. 26 Service Revenue 1,700 Cash 1,700 Debit Credit Date Accounts Mar. 26 Service Revenue 1,700 Accounts Receivable 1,700 Accounts Debit Credit Date Mar. 26 Accounts Receivable 1,700 Service Revenue 1,700 I DON'T KNOW YET submit
on March 17, computer service paid $1,000 cash for dividends. The journal entry to record this...
on March 17, computer service paid $1,000 cash for dividends. The journal entry to record this transaction would be:
QUESTION ANSWER On February 1, Complete Computer Service earned $2,200 of service revenue on account. Date...
QUESTION ANSWER On February 1, Complete Computer Service earned $2,200 of service revenue on account. Date Feb. 1 Accounts Service Revenue Accounts Receivable Debit Credit 2,200 2,200 The journal entry to record this transaction would be: Date Accounts Feb. 1 Accounts Receivable Service Revenue Debit Credit 2,200 2,200 Date Accounts Feb. 1 Service Revenue Cash Debit Credit 2,200 2,200 Date Accounts Feb. 1 Cash Service Revenue Debit Credit 2,200 2,200
March 1 Minka and Lalas each donated $55,000 cash in exchange for common stock. They also...
March 1 Minka and Lalas each donated $55,000 cash in exchange for common stock. They also signed a note with Towne Bank for $90,000. 2 Tax Tech paid $20,400 prepaid rent for the first year. 11 Office equipment was purchased on account for $11,000. 16 The company purchased insurance for two years with $4,000 cash. The policy was effective April 1. 18 A discolored piece of office equipment arrived and the supplier agreed to remove $1,000 from Tax Tech's account....
Serial Problem Business Solutions LO P3 Santana Rey receives the March bank statement for Business Solutions on April 1...
Serial Problem Business Solutions LO P3 Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31 bank statement shows an ending cash balance of $67,066. The general ledger Cash account, No. 101, shows an ending cash balance per books of $67,499 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, No. 101, reveals the following a. The bank erroneously cleared a $440...
More Info Jul. 2 Received $15,000 contribution from Brian London, owner, in exchange capital. 4 Paid...
More Info Jul. 2 Received $15,000 contribution from Brian London, owner, in exchange capital. 4 Paid utilities expense of $360. 5 Purchased equipment on account, $2,500. 10 Performed services for a client on account, $3,500. 12 Borrowed $6,800 cash, signing a notes payable. 19 The owner, Brian London, withdrew $450 cash from the business. 21 Purchased office supplies for $780 and paid cash. 27 Paid the liability from July 5. Print Done The following transactions occurred for London Engineering: Click...
1 of 5 (0 complete) Journalize the following transactions for Roger's Computer, Inc., that occurred during...
1 of 5 (0 complete) Journalize the following transactions for Roger's Computer, Inc., that occurred during the month of March. Assume the "net" method is used credits. Exclude explanations from any journal entries.) (Click the icon to view the transactions.) Start by journalizing the purchase of merchandise on account Date Journal Entry Mar Accounts Debit Credit Mar 3 Purchased $4,300 of merchandise on account, terms 3/10, n/30, FOB shipping point. The supplier prepaid freight charges of $125 and added the...
On Saturday, March 31, one of the company’s employees provided ten hours of service to a...
On Saturday, March 31, one of the company’s employees provided
ten hours of service to a customer. The company bills $100 per hour
for services provided on weekends. Payment has not yet been
received. The accountant did not stop in the office on Saturday; as
such, on March 31, the services were unbilled and unrecorded.
Complete the necessary journal entry. (If no entry is
required for a transaction/event, select "No journal entry
required" in the first account field.)
urnal entry...
Answer the following questions about prepaid expenses a. On March 1, East and West Tree Service...
Answer the following questions about prepaid expenses a. On March 1, East and West Tree Service prepaid $5.400 for six month rent. Give the dusting entry to record rent expense at March 31. Include the date of the entry and an explanation. Then post all amounts to the two accounts involved and show their balances of March 31. East and West adjust the accounts only at March 31, the end of its fiscal year, On March 1, East and West...
The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $16,000 cash in the...
The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $16,000 cash in the company. b. The company purchased office supplies for $464 cash. c. The company purchased $8,848 of office equipment on credit. d. The company received $1,888 cash as fees for services provided to a customer. e. The company paid $8,848 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3,392 as fees for services provided...
QUESTION ANSWER Debit Credit Date Accounts On March 26, Jones Repair Service earned $1,700 of service revenue on account. Mar. 26 Cash 1,700 Service Revenue 1,700 The journal entry to record this transaction would be: Debit Credit Date Accounts Mar. 26 Service Revenue 1,700 Cash 1,700 Debit Credit Date Accounts Mar. 26 Service Revenue 1,700 Accounts Receivable 1,700 Accounts Debit Credit Date Mar. 26 Accounts Receivable 1,700 Service Revenue 1,700 I DON'T KNOW YET submit
QUESTION ANSWER On February 1, Complete Computer Service earned $2,200 of service revenue on account. Date Feb. 1 Accounts Service Revenue Accounts Receivable Debit Credit 2,200 2,200 The journal entry to record this transaction would be: Date Accounts Feb. 1 Accounts Receivable Service Revenue Debit Credit 2,200 2,200 Date Accounts Feb. 1 Service Revenue Cash Debit Credit 2,200 2,200 Date Accounts Feb. 1 Cash Service Revenue Debit Credit 2,200 2,200
March 1 Minka and Lalas each donated $55,000 cash in exchange for common stock. They also signed a note with Towne Bank for $90,000. 2 Tax Tech paid $20,400 prepaid rent for the first year. 11 Office equipment was purchased on account for $11,000. 16 The company purchased insurance for two years with $4,000 cash. The policy was effective April 1. 18 A discolored piece of office equipment arrived and the supplier agreed to remove $1,000 from Tax Tech's account....
Serial Problem Business Solutions LO P3 Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31 bank statement shows an ending cash balance of $67,066. The general ledger Cash account, No. 101, shows an ending cash balance per books of $67,499 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, No. 101, reveals the following a. The bank erroneously cleared a $440...
More Info Jul. 2 Received $15,000 contribution from Brian London, owner, in exchange capital. 4 Paid utilities expense of $360. 5 Purchased equipment on account, $2,500. 10 Performed services for a client on account, $3,500. 12 Borrowed $6,800 cash, signing a notes payable. 19 The owner, Brian London, withdrew $450 cash from the business. 21 Purchased office supplies for $780 and paid cash. 27 Paid the liability from July 5. Print Done The following transactions occurred for London Engineering: Click...
1 of 5 (0 complete) Journalize the following transactions for Roger's Computer, Inc., that occurred during the month of March. Assume the "net" method is used credits. Exclude explanations from any journal entries.) (Click the icon to view the transactions.) Start by journalizing the purchase of merchandise on account Date Journal Entry Mar Accounts Debit Credit Mar 3 Purchased $4,300 of merchandise on account, terms 3/10, n/30, FOB shipping point. The supplier prepaid freight charges of $125 and added the...
On Saturday, March 31, one of the company’s employees provided
ten hours of service to a customer. The company bills $100 per hour
for services provided on weekends. Payment has not yet been
received. The accountant did not stop in the office on Saturday; as
such, on March 31, the services were unbilled and unrecorded.
Complete the necessary journal entry. (If no entry is
required for a transaction/event, select "No journal entry
required" in the first account field.)
urnal entry...
Answer the following questions about prepaid expenses a. On March 1, East and West Tree Service prepaid $5.400 for six month rent. Give the dusting entry to record rent expense at March 31. Include the date of the entry and an explanation. Then post all amounts to the two accounts involved and show their balances of March 31. East and West adjust the accounts only at March 31, the end of its fiscal year, On March 1, East and West...
The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $16,000 cash in the company. b. The company purchased office supplies for $464 cash. c. The company purchased $8,848 of office equipment on credit. d. The company received $1,888 cash as fees for services provided to a customer. e. The company paid $8,848 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3,392 as fees for services provided...
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