Please I need Journal entry for this transaction 1. On January 2, 2020, ACC executed a...
Please I need Journal entry for this transaction
| 1. On January 2, 2020, ACC executed a 3 month- 6% promissory note for $10,000.00 in favor of its | |||
| bank, Cheatem Trust Company, Inc. for working capital purposes. | |||
Homework Answers
| Date | Account Titles and Explanation | Debit | Credit |
| Jan 2 | Cash | $10,000 | - |
| Notes payable | - | $10,000 | |
| (To record cash borrowed from bank) |
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Please I need Journal entry for this transaction
1. On January 2, 2020, ACC executed a...
Required: On separate sheets of paper, please: * Prepare the appropriate journal entries associated with the...
Required:
On separate sheets of paper, please:
* Prepare the appropriate journal entries associated with the
above transactions. It is not necessary to
prepare journal entries associated with the discontinued
component.
* Prepare a "T" account depiction of the Company's General
Ledger activity for the
month of January 2020.
* Prepare ACC's Income Statement for the month ending January
31, 2020
* Prepare ACC's Balance Sheet at January 31, 2020.
ACC Interdite Aretiel Examinati il - Tokelme Component Spring 2030...
I need help with this question, please. I have attached pictures of solutions to make an...
I need help with this question, please. I have attached pictures
of solutions to make an add more information or adjustment based on
this question.
add information based on above question to this solution
Spring 2020 ACC Company, Inc. Balance Sheet 12/31/19 Assets: Current Assets: Cash Accounts Receivable Prepaid Expenses Total Current Assets 3,000.00 1,250.00 100.00 $ $ 4,350.00 Non-Current Assets: Property, Plant, and Equipment Land Buildings Equipment Accumulated Depreciation Total Property, Plant, and Equipment Total Assets 10,000.00 25,000.00 15,000.00...
I need help with this question ACC Company, Inc. Balance Sheet 12/31/19 $ 1,500.00 1,250.00 100.00...
I need help with this question
ACC Company, Inc. Balance Sheet 12/31/19 $ 1,500.00 1,250.00 100.00 $ $ 2,850.00 Assets: Current Assets: Cash Accounts Receivable Prepaid Expenses Total Current Assets Long-Term Assets: Property, Plant, and Equipment Land Buildings Equipment Accumulated Depreciation Total Property, Plant, and Equipment Total Assets 10,000.00 25,000.00 15,000.00 (12,000.00) $ $ $ 38,000.00 40,850.00 $ 100.00 150.00 $ Liabilities: Current Liabilities Accounts Payable Accrued Expense Salary and Wages Payable Total Liabilities Shareholder's Equity Common Stock - $1...
I need help with writing the journal entry. Each picture I posted is a different journal...
I need help with writing the journal entry. Each picture I
posted is a different journal entry that I need to write...I
included the numbers for each one. The pictures are legible on my
computer.
Required information [The following information applies to the questions displayed below.) Eskimo Joe's, designer of the world's second best-selling T-shirt (just behind Hard Rock Cafe), borrows $20.2 million cash on November 1, 2021. Eskimo Joe's signs a six-month, 9% promissory note to Stillwater National Bank...
* Prepare the appropriate journal entries associated with the below transactions. Transactions during January 2020: 1....
* Prepare the appropriate journal entries associated with the below transactions. Transactions during January 2020: 1. On January 1, 2020, the owner of ACC invested $10,000.00 cash in the company. 2. An invoice was received from ACC's insurance provider on January 15, 2020, for casualty insurance coverage in the amount of $2,400.00 for the period January 1, through December 31, 2020. 3. Employees earned salary and wages in January of $6,500.00 which was paid on February 1, 2020. 4. The...
i need help with this Journal entry worksheet On January 1, 2019, Brooks Inc. borrows $90,000...
i
need help with this
Journal entry worksheet On January 1, 2019, Brooks Inc. borrows $90,000 from a bank and signs a 5% installment note requiring four annual payments of $25,381. Note: Enter debits before credits. Date General Journal Debit Credit Jan. 1 Record entry Clear entry View general journal
ACC3300 Intermediate Accounting! Examination I - Problem Component Please use the following Balance Sheet and Transaction...
ACC3300 Intermediate Accounting! Examination I - Problem Component Please use the following Balance Sheet and Transaction information to prepare your responses to the required submissions detailed below: 1,500.00 1,250.00 100.00 ACC Company, Inc. Balance Sheet December 31, 2019 Assets: Current Assets: Cash $ Accounts Receivable Prepaid Expenses $ Total Current Assets Long-Term Assets: Property, Plant, and Equipment Land $ Buildings Equipment Accumulated Depreciation $ Total Property, Plant, and Equipment Total Assets $ 2,850.00 10,000.00 25,000.00 15,000.00 (12,000.00) $ $ 38,000.00...
Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No...
Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) The following are the transactions of Spotlighter, Inc., for the month of January. Borrowed $4,040 from a local bank on a note due in six months. Received $4,730 cash from investors and issued common stock to them. Purchased $1,200 in equipment, paying $300 cash and promising the rest on a note due in one year. Paid...
2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event,...
2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 Placed an order for office supplies costing $2,000. Supplier intends to deliver later in the month. Note: Enter debits before credits. Event General Journal Debit Credit a. Record entry Clear entry View general journal Rawico Communications operates fifteen radio stations throughout...
You shipped this question le previuu View transaction list Journal entry worksheet 2 3 On November...
You shipped this question le previuu View transaction list Journal entry worksheet 2 3 On November 28, 2021, Shocker receives a $3,450 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited. Record the adjusting entry for deferred revenue at its year-end of December 31. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal 0 You skipped this question View transaction...
Required:
On separate sheets of paper, please:
* Prepare the appropriate journal entries associated with the
above transactions. It is not necessary to
prepare journal entries associated with the discontinued
component.
* Prepare a "T" account depiction of the Company's General
Ledger activity for the
month of January 2020.
* Prepare ACC's Income Statement for the month ending January
31, 2020
* Prepare ACC's Balance Sheet at January 31, 2020.
ACC Interdite Aretiel Examinati il - Tokelme Component Spring 2030...
I need help with this question, please. I have attached pictures
of solutions to make an add more information or adjustment based on
this question.
add information based on above question to this solution
Spring 2020 ACC Company, Inc. Balance Sheet 12/31/19 Assets: Current Assets: Cash Accounts Receivable Prepaid Expenses Total Current Assets 3,000.00 1,250.00 100.00 $ $ 4,350.00 Non-Current Assets: Property, Plant, and Equipment Land Buildings Equipment Accumulated Depreciation Total Property, Plant, and Equipment Total Assets 10,000.00 25,000.00 15,000.00...
I need help with this question
ACC Company, Inc. Balance Sheet 12/31/19 $ 1,500.00 1,250.00 100.00 $ $ 2,850.00 Assets: Current Assets: Cash Accounts Receivable Prepaid Expenses Total Current Assets Long-Term Assets: Property, Plant, and Equipment Land Buildings Equipment Accumulated Depreciation Total Property, Plant, and Equipment Total Assets 10,000.00 25,000.00 15,000.00 (12,000.00) $ $ $ 38,000.00 40,850.00 $ 100.00 150.00 $ Liabilities: Current Liabilities Accounts Payable Accrued Expense Salary and Wages Payable Total Liabilities Shareholder's Equity Common Stock - $1...
I need help with writing the journal entry. Each picture I
posted is a different journal entry that I need to write...I
included the numbers for each one. The pictures are legible on my
computer.
Required information [The following information applies to the questions displayed below.) Eskimo Joe's, designer of the world's second best-selling T-shirt (just behind Hard Rock Cafe), borrows $20.2 million cash on November 1, 2021. Eskimo Joe's signs a six-month, 9% promissory note to Stillwater National Bank...
i
need help with this
Journal entry worksheet On January 1, 2019, Brooks Inc. borrows $90,000 from a bank and signs a 5% installment note requiring four annual payments of $25,381. Note: Enter debits before credits. Date General Journal Debit Credit Jan. 1 Record entry Clear entry View general journal
ACC3300 Intermediate Accounting! Examination I - Problem Component Please use the following Balance Sheet and Transaction information to prepare your responses to the required submissions detailed below: 1,500.00 1,250.00 100.00 ACC Company, Inc. Balance Sheet December 31, 2019 Assets: Current Assets: Cash $ Accounts Receivable Prepaid Expenses $ Total Current Assets Long-Term Assets: Property, Plant, and Equipment Land $ Buildings Equipment Accumulated Depreciation $ Total Property, Plant, and Equipment Total Assets $ 2,850.00 10,000.00 25,000.00 15,000.00 (12,000.00) $ $ 38,000.00...
2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 Placed an order for office supplies costing $2,000. Supplier intends to deliver later in the month. Note: Enter debits before credits. Event General Journal Debit Credit a. Record entry Clear entry View general journal Rawico Communications operates fifteen radio stations throughout...
You shipped this question le previuu View transaction list Journal entry worksheet 2 3 On November 28, 2021, Shocker receives a $3,450 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited. Record the adjusting entry for deferred revenue at its year-end of December 31. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal 0 You skipped this question View transaction...
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