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17. Deerhoof Company purchases equipment for $2,700 and supplies for $400 from Milkman Co. for $3,100...
Problem 3-5A On November 1, 2019, the account balances of Schilling Equipment Repair were as follows....
Problem 3-5A On November 1, 2019, the account balances of Schilling Equipment Repair were as follows. Debits No. No. Credits Accumulated $ 2,400 154 Depreciation- Equipment $ 2,000 101 Cash Accounts Receivable Accounts Payable 112 4,250 201 2,600 Unearned Service 126 Supplies 1,800 209 1,200 Revenue Salaries and Wages Payable 153 Equipment 12,000 212 700 311 Common Stock 10,000 3,950 Retained Earnings 320 $20,450 $20,450 During November, the following summary transactions were completed. Nov. 8 Paid $1,700 for salaries due...
11) Which of the following entries records the cash payment of an Account Payable? a. debit...
11) Which of the following entries records the cash payment of an Account Payable? a. debit Cash; credit Accounts Payable b. debit Accounts Receivable; credit Cash c. debit Cash; credit Expense d. debit Accounts Payable; credit Cash 12) Haselhof Company purchases equipment for $2,400 and supplies for $700 from Behrman Co. for $3,100 cash. The entry for this transaction will include a a. debit to Equipment $2,400 and a debit to Supplies Expense $700 for Behrman. b. credit to Cash...
No. Debits 101 Cash 112 Accounts Receivable 126 Supplies 153 Equipment $ 2,400 4,250 1,800 12,000...
No. Debits 101 Cash 112 Accounts Receivable 126 Supplies 153 Equipment $ 2,400 4,250 1,800 12,000 No. Credits 154 Accumulated Depreciation-Equipment 201 Accounts Payable 209 Unearned Service Revenue 212 Salaries and Wages Payable 311 Common Stock 320 Retained Earnings $ 2,000 2,600 1,200 700 10,000 3,950 $20,450 $20,450 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 20 22 25 27 29 Paid $1,700 for salaries due employees, of which $700 is for October salaries....
Debit Credit Cash Accounts Receivable Supplies Equipment $ 3,140 Accumulated Depreciation-Equipment $500 2,650 400 850 10,350...
Debit Credit Cash Accounts Receivable Supplies Equipment $ 3,140 Accumulated Depreciation-Equipment $500 2,650 400 850 10,350 3,350 $18,100 3 ,140Accounts Payable 1,470 Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 10,350 $18,100 During November, the following summary transactions were completed Nov. 8 Paid $1,220 for salaries due employees, of which $ 370 is for November and $ 850 is for October salaries payable. 10 12 15 17 20 22 25 27 29 Received $ 1,840 cash from...
A company purchases office supplies for $3,500, paying $1,000 cash and the remainder on account. The...
A company purchases office supplies for $3,500, paying $1,000 cash and the remainder on account. The entry to record this transaction is: Select one: O A. Debit: Supplies for $3,500; Credit Accounts payable for $3,500 . B. Debit: Supplies for $3,500; Credit: Cash for $1,000; Credit Accounts payable for $2,500 OC. Debit: Supplies for $3,500; Credit Supplies expense for $3,500 O D. Debit: Supplies for $1000; Credit Accounts payable for $1,000
Data Table Cash Land Supplies 400 (5) Equipment 3,800 (3) 95 (4) 36,000 (7) (1) (2)...
Data Table Cash Land Supplies 400 (5) Equipment 3,800 (3) 95 (4) 36,000 (7) (1) (2) (5) 9,100 (4) 8,000 6 95 (7) 5,000 290 3,800 Accounts Payable 290|(3) (6) Common Stock 1) Notes Payable (2) 8,000 |(4) 31,000 400 9,100 Print Done The first seven transactions of Devonshire Advertising, Inc., have been posted to the company's accounts: E (Click the icon to view the accounts.) Requirement 1. Prepare the journal entries that served as the sources for the seven...
question 13,14,15,16 13. Which of the following is not an asset use transaction? A.Paying cash dividends...
question 13,14,15,16
13. Which of the following is not an asset use transaction? A.Paying cash dividends B. Paying cash expenses C. Paying off the principal of a loan D.Paying cash to purchase land 14. Which of the following cash transactions results in no net change in assets? A.Borrowing cash from a bank B. Issuing common stock for cash C. Purchasing land for cash D. Providing services for cash 15. Elektra Company purchases equipment for $1,200 and supplies for $400 from...
A company purchased $2,700 of merchandise on July 5 with terms 2/10, n/30. On July 7,...
A company purchased $2,700 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $650 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on July 12 is: Multiple Choice Debit Merchandise Inventory $2,050; credit Cash $2,050. Debit Cash $2,050; credit Accounts Payable $2,050. Debit Accounts Payable $2,700; credit Cash...
The following transactions occurred for Lambert Engineering (Click the icon to view the transactions.) Jul. 2...
The following transactions occurred for Lambert Engineering (Click the icon to view the transactions.) Jul. 2 Received $18,000 contribution from Bobby Lambert in exchange for common Journalize the transactions of Lambert Engineering. Include an e Equipment, Accounts Payable; Notes Payable; Common Stock; Di last line of the journal entry table. Check your spelling carefully an stock. 4 Paid utilities expense of $400 5 Purchased equipment on account, $1,700 10 Performed services for a client on account, $2,900 12 Borrowed $7,200...
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...
Problem 3-5A On November 1, 2019, the account balances of Schilling Equipment Repair were as follows. Debits No. No. Credits Accumulated $ 2,400 154 Depreciation- Equipment $ 2,000 101 Cash Accounts Receivable Accounts Payable 112 4,250 201 2,600 Unearned Service 126 Supplies 1,800 209 1,200 Revenue Salaries and Wages Payable 153 Equipment 12,000 212 700 311 Common Stock 10,000 3,950 Retained Earnings 320 $20,450 $20,450 During November, the following summary transactions were completed. Nov. 8 Paid $1,700 for salaries due...
No. Debits 101 Cash 112 Accounts Receivable 126 Supplies 153 Equipment $ 2,400 4,250 1,800 12,000 No. Credits 154 Accumulated Depreciation-Equipment 201 Accounts Payable 209 Unearned Service Revenue 212 Salaries and Wages Payable 311 Common Stock 320 Retained Earnings $ 2,000 2,600 1,200 700 10,000 3,950 $20,450 $20,450 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 20 22 25 27 29 Paid $1,700 for salaries due employees, of which $700 is for October salaries....
Debit Credit Cash Accounts Receivable Supplies Equipment $ 3,140 Accumulated Depreciation-Equipment $500 2,650 400 850 10,350 3,350 $18,100 3 ,140Accounts Payable 1,470 Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 10,350 $18,100 During November, the following summary transactions were completed Nov. 8 Paid $1,220 for salaries due employees, of which $ 370 is for November and $ 850 is for October salaries payable. 10 12 15 17 20 22 25 27 29 Received $ 1,840 cash from...
A company purchases office supplies for $3,500, paying $1,000 cash and the remainder on account. The entry to record this transaction is: Select one: O A. Debit: Supplies for $3,500; Credit Accounts payable for $3,500 . B. Debit: Supplies for $3,500; Credit: Cash for $1,000; Credit Accounts payable for $2,500 OC. Debit: Supplies for $3,500; Credit Supplies expense for $3,500 O D. Debit: Supplies for $1000; Credit Accounts payable for $1,000
Data Table Cash Land Supplies 400 (5) Equipment 3,800 (3) 95 (4) 36,000 (7) (1) (2) (5) 9,100 (4) 8,000 6 95 (7) 5,000 290 3,800 Accounts Payable 290|(3) (6) Common Stock 1) Notes Payable (2) 8,000 |(4) 31,000 400 9,100 Print Done The first seven transactions of Devonshire Advertising, Inc., have been posted to the company's accounts: E (Click the icon to view the accounts.) Requirement 1. Prepare the journal entries that served as the sources for the seven...
question 13,14,15,16
13. Which of the following is not an asset use transaction? A.Paying cash dividends B. Paying cash expenses C. Paying off the principal of a loan D.Paying cash to purchase land 14. Which of the following cash transactions results in no net change in assets? A.Borrowing cash from a bank B. Issuing common stock for cash C. Purchasing land for cash D. Providing services for cash 15. Elektra Company purchases equipment for $1,200 and supplies for $400 from...
The following transactions occurred for Lambert Engineering (Click the icon to view the transactions.) Jul. 2 Received $18,000 contribution from Bobby Lambert in exchange for common Journalize the transactions of Lambert Engineering. Include an e Equipment, Accounts Payable; Notes Payable; Common Stock; Di last line of the journal entry table. Check your spelling carefully an stock. 4 Paid utilities expense of $400 5 Purchased equipment on account, $1,700 10 Performed services for a client on account, $2,900 12 Borrowed $7,200...
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...
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