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Bescription On January 1, 2019 Mike and Julie formed a company called Royal Rental, Inc. for...
Looking for just the adjusting journal entries which is a through g which I think is...
Looking for just the adjusting journal entries which is a
through g which I think is what the questions is looking for.
Data for January Journal Entries: January 1: Mike and Julie opened the business, each contributing $80,000 in cash to the company and receiving Common Stock in return for their investment. de CAMAT Steel Cab January 1: Purchased equipment for $400,000 from Rent-It, paying $50,000 in cash and taking out a one-year $350,000 note payable at a simple interest...
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals....
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts. Cash Capital Stock Accounts Receivable Retained Earnings Prepaid Rent Dividends Unexpired Insurance Income Summary Office Supplies Rental Fees Earned Rental Equipment Salaries Expense Accumulated Depreciation: Rental...
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals....
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts. Cash Capital Stock Accounts Receivable Retained Earnings Prepaid Rent Dividends Unexpired Insurance Income Summary Office Supplies Rental Fees Earned Rental Equipment Salaries Expense Accumulated Depreciation: ...
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals....
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts. Cash Capital Stock Accounts Receivable Retained Earnings Prepaid Rent Dividends Unexpired Insurance Income Summary Office Supplies Rental Fees Earned Rental Equipment Salaries Expense Accumulated Depreciation: Rental...
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals....
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts. Cash Capital Stock Accounts Receivable Retained Earnings Prepaid Rent Dividends Unexpired Insurance Income Summary Office Supplies Rental Fees Earned Rental Equipment Salaries Expense Accumulated Depreciation: -Rental...
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking...
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts. Cash Capital Stock Accounts Receivable Retained Earnings Prepaid Rent Dividends Unexpired Insurance Income Summary Office Supplies Rental Fees Earned Rental Equipment Salaries Expense Accumulated Depreciation: Rental...
Some of these T accounts might not all be used but I wanted to add them...
Some of these T accounts might not all be used but I wanted to
add them all just to make sure. Which is why the post is a bit
long.
On January 1, 2019 Mike and Julie formed a company called Royal Rental, Inc. for operating an equipment rental yard. The new company began operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The company closes...
[The following information applies to the questions displayed below.] On December 1, Year 1, John and...
[The following information applies to the questions displayed below.] On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts. Cash Capital Stock Accounts Receivable Retained Earnings Prepaid Rent Dividends Unexpired Insurance Income Summary Office Supplies Rental...
[The following information applies to the questions displayed below.] On December 1, Year 1, John and...
[The following information applies to the questions displayed below.] On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts. Cash Capital Stock Accounts Receivable Retained Earnings Prepaid Rent Dividends Unexpired Insurance Income Summary Office Supplies Rental...
[The following information applies to the questions displayed below.] On December 1, Year 1, John and...
[The following information applies to the questions displayed below.] On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts. Cash Capital Stock Accounts Receivable Retained Earnings Prepaid Rent Dividends Unexpired Insurance Income Summary Office Supplies Rental...
Looking for just the adjusting journal entries which is a
through g which I think is what the questions is looking for.
Data for January Journal Entries: January 1: Mike and Julie opened the business, each contributing $80,000 in cash to the company and receiving Common Stock in return for their investment. de CAMAT Steel Cab January 1: Purchased equipment for $400,000 from Rent-It, paying $50,000 in cash and taking out a one-year $350,000 note payable at a simple interest...
Some of these T accounts might not all be used but I wanted to
add them all just to make sure. Which is why the post is a bit
long.
On January 1, 2019 Mike and Julie formed a company called Royal Rental, Inc. for operating an equipment rental yard. The new company began operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The company closes...
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