identify the debit and credit for this statment: 1) performed services for customers and received $27,000...
Homework Answers
Solution:
1. Debit Cash and Credit Service revenue for $27,000
2. Debit Prepaid Advertising and credit cash for $1,800
3. Debit accounts receivables and credit service revenue
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identify the debit and credit for this statment:
1) performed services for customers and received $27,000...
On October 1, the company received a $5,400 advance payment on services to be performed for...
On October 1, the company received a $5,400 advance payment on services to be performed for one year. The services began immediately. The adjusting entry on December 31 needed for this event would include a: credit to Unearned Fees for $1,350 debit to Unearned Fees for $1,350 debit to Unearned Fees for $1,800 debit to Fees Earned for $5,400
Services, Inc. a firm who provides pest control services to customers. Identify the appropriate account to...
Services, Inc. a firm who provides pest control services to customers. Identify the appropriate account to debit and credit for each of the following transactions April 1. Vamonos Pest Services, Inc. paid $2,000 rent for the month of April. April 1st Select $2.000 Select $2.000 April 1. Vamonos Pest Services, Inc. provided pest control services to customers for $12.000. April 1st Select) $12.000 Select) $12,000 April 3 - Vamonos Pest Services, Inc. purchased supplies on account for $3.200. April 3rd...
debit/ credit table More Info Nov. 1 The business received $10,000 cash and issued common stock....
debit/ credit table
More Info Nov. 1 The business received $10,000 cash and issued common stock. 15 Purchased office supplies on account, $400. 18 Paid advertising bill, $150. 20 Received $1,000 from customers for services rendered. 28 Cash dividends of $500 were paid to stockholders. Print Done
January. 11, 2023 debit and credit January 4th, 2023 debit and credit January 1, 2023 debit...
January. 11, 2023 debit and credit
January 4th, 2023 debit and credit
January 1, 2023 debit and credit
january 4th, 2023 debit and credit
january 2, 2023 debit and credit
Documenti Word wout References Mailings Review View H elp Layout Table Design 2 AA A-DA. ES: AaBbceDc Aabbcc AaBbc AaBbc A 1 Normal 1 No Spac... Heading 1 Heading 2 Paragraph Styles Whispering Winds Corp. has the following information available for accruals for the year ended December 31, 2022. The...
On November 1, 2022, the following were the account balances of Sunland Equipment Repair. Debit Credit...
On November 1, 2022, the following were the account balances of Sunland Equipment Repair. Debit Credit Cash $3,220 Accumulated Depreciation Equipment $ 500 Accounts Receivable 3,150 Accounts Payable 2,730 Supplies 1,550 Unearned Service Revenue 400 Equipment 10,430 Salaries and Wages Payable 860 Common Stock 10,430 Retained Earnings 3,430 $18,350 $18,350 During November, the following summary transactions were completed. Nov. Paid $1,220 for salaries due employees, of which $360 is for November and $860 is for October salaries 8 payable. 10...
GOO Solutions, Inc. Trial Balance September 15, 2016 Acct # Account Debit Credit $ 3,700 9,100...
GOO Solutions, Inc. Trial Balance September 15, 2016 Acct # Account Debit Credit $ 3,700 9,100 600 11,700 110 Cash 112 Accounts receivable 115 Supplies 140 Equipment 210 Accounts payable 311 Common stock 315 Dividends 411 Service revenue 511 Salaries expense 515 Rent expense $4,100 20,800 2,700 7,000 2,700 1,400 $31,900$ 31,900 Total More Info Sep 16 Collected $3,400 cash from a client on account. 18 Provided services on account, $1,900. 21 Received $2,500 cash for services provided. 23 Purchased...
On November 1, 2021, the account balances of Hamm Equipment Repair were as follows: Debit Credit...
On November 1, 2021, the account balances of Hamm Equipment Repair were as follows: Debit Credit Cash $2,430 Accumulated Depreciation—Equipment $2,030 Accounts Receivable 4,280 Accounts Payable 2,630 Supplies 1,830 Unearned Revenue 1,230 Equipment 12,030 Salaries Payable 730 J. Hamm, Capital 13,950 $20,570 $20,570 During November, the following summary transactions were completed. Nov. 8 Paid $1,730 for salaries due employees, of which $730 is for October salaries. 10 Received $3,650 cash from customers on account. 12 Received $3,130 cash for services...
On November 1, 2017, the following were the account balances of Soho Equipment Repair Debit Credit...
On November 1, 2017, the following were the account balances of Soho Equipment Repair Debit Credit Cash Accounts Receivable Supplies Equipment s 3,250 Accumulated Depreciation-Equipment $500 2,760 400 840 10,460 3,460 $18,420 3,130 Accounts Payable 1,530 Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 10,460 $18,420 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 20 22 25 27 29 Paid $1,220 for salaries due employees, of which $380 is for November...
a. The company provided $3,600 in services to customers that are expected to pay the company...
a. The company provided $3,600 in services to customers that are expected to pay the company sometime in January following the company's year-end. b. Wage expenses of $2,600 have been incurred but are not paid as of December 31. c. The company has a $6,600 bank loan and has incurred (but not recorded) 7% interest expense of $462 for the year ended December 31. The company will pay the $462 interest in cash on January 2 following the company's year-end....
On August 1,2019, the following were the account balances of B&B Repair Services. Credit Debit 6,040...
On August 1,2019, the following were the account balances of B&B Repair Services. Credit Debit 6,040 Accumulated Depreciation-Equipment $ 600 Cash Accounts Receivable Notes Receivable Supplies Equipment 2,910 4,000 1,030 10,000 Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 2,300 1,260 1,420 12,000 6,400 $23,980 $23,980 During August, the following summary transactions were completed. Paid $400 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September. Paid...
On October 1, the company received a $5,400 advance payment on services to be performed for one year. The services began immediately. The adjusting entry on December 31 needed for this event would include a: credit to Unearned Fees for $1,350 debit to Unearned Fees for $1,350 debit to Unearned Fees for $1,800 debit to Fees Earned for $5,400
Services, Inc. a firm who provides pest control services to customers. Identify the appropriate account to debit and credit for each of the following transactions April 1. Vamonos Pest Services, Inc. paid $2,000 rent for the month of April. April 1st Select $2.000 Select $2.000 April 1. Vamonos Pest Services, Inc. provided pest control services to customers for $12.000. April 1st Select) $12.000 Select) $12,000 April 3 - Vamonos Pest Services, Inc. purchased supplies on account for $3.200. April 3rd...
debit/ credit table
More Info Nov. 1 The business received $10,000 cash and issued common stock. 15 Purchased office supplies on account, $400. 18 Paid advertising bill, $150. 20 Received $1,000 from customers for services rendered. 28 Cash dividends of $500 were paid to stockholders. Print Done
January. 11, 2023 debit and credit
January 4th, 2023 debit and credit
January 1, 2023 debit and credit
january 4th, 2023 debit and credit
january 2, 2023 debit and credit
Documenti Word wout References Mailings Review View H elp Layout Table Design 2 AA A-DA. ES: AaBbceDc Aabbcc AaBbc AaBbc A 1 Normal 1 No Spac... Heading 1 Heading 2 Paragraph Styles Whispering Winds Corp. has the following information available for accruals for the year ended December 31, 2022. The...
On November 1, 2022, the following were the account balances of Sunland Equipment Repair. Debit Credit Cash $3,220 Accumulated Depreciation Equipment $ 500 Accounts Receivable 3,150 Accounts Payable 2,730 Supplies 1,550 Unearned Service Revenue 400 Equipment 10,430 Salaries and Wages Payable 860 Common Stock 10,430 Retained Earnings 3,430 $18,350 $18,350 During November, the following summary transactions were completed. Nov. Paid $1,220 for salaries due employees, of which $360 is for November and $860 is for October salaries 8 payable. 10...
GOO Solutions, Inc. Trial Balance September 15, 2016 Acct # Account Debit Credit $ 3,700 9,100 600 11,700 110 Cash 112 Accounts receivable 115 Supplies 140 Equipment 210 Accounts payable 311 Common stock 315 Dividends 411 Service revenue 511 Salaries expense 515 Rent expense $4,100 20,800 2,700 7,000 2,700 1,400 $31,900$ 31,900 Total More Info Sep 16 Collected $3,400 cash from a client on account. 18 Provided services on account, $1,900. 21 Received $2,500 cash for services provided. 23 Purchased...
On November 1, 2017, the following were the account balances of Soho Equipment Repair Debit Credit Cash Accounts Receivable Supplies Equipment s 3,250 Accumulated Depreciation-Equipment $500 2,760 400 840 10,460 3,460 $18,420 3,130 Accounts Payable 1,530 Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 10,460 $18,420 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 20 22 25 27 29 Paid $1,220 for salaries due employees, of which $380 is for November...
a. The company provided $3,600 in services to customers that are expected to pay the company sometime in January following the company's year-end. b. Wage expenses of $2,600 have been incurred but are not paid as of December 31. c. The company has a $6,600 bank loan and has incurred (but not recorded) 7% interest expense of $462 for the year ended December 31. The company will pay the $462 interest in cash on January 2 following the company's year-end....
On August 1,2019, the following were the account balances of B&B Repair Services. Credit Debit 6,040 Accumulated Depreciation-Equipment $ 600 Cash Accounts Receivable Notes Receivable Supplies Equipment 2,910 4,000 1,030 10,000 Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 2,300 1,260 1,420 12,000 6,400 $23,980 $23,980 During August, the following summary transactions were completed. Paid $400 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September. Paid...
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