Homework Answers
The companies purchased office supplies on account worth $600
Journal Entry is
| Account Name | Debit | Credit | |
| Office Supplies | $600 | ||
| Accounts Payable | $600 |
Option 'C' is correct
Debit office Supplies $600: Credit Accounts Payable $600
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E. None of the do 18. The company purchased office supplies from Office Max on account...
15. What type of account is Bright, Withdrawals? A. Asset B. Liability C. Equity--Withdrawals D. Equity--Revenue...
15. What type of account is Bright, Withdrawals? A. Asset B. Liability C. Equity--Withdrawals D. Equity--Revenue E. Equity--Expense Questions 16-20: Show how each of the following five business transactions is recorded as a journal entry. The correct answer is a journal entry which both balances (Dr. debits = Cr. credits) and contains the correct account names and amounts. 16. The company consulted for a new brand and billed the client for services rendered $2,000 A. Dr. Service Revenue 2000; Cr....
5. Company C has two office employees who earn $100 a day each and are paid...
5. Company C has two office employees who earn $100 a day each and are paid on Friday for a five-day workweek that begins on Monday. If December 31 fell on Tuesday, and the two employees worked both on Monday and on Tuesday, what is the amount of accrued salary expense at December 31 for the two employees? A. 200 B. 300 C. 600 D. 400 E. None of the above 6. For Company D, the balance in office supplies...
Select the correct Dr. and Cr. to record this event..... Purchased Office Supplies for $200 cash....
Select the correct Dr. and Cr. to record this event..... Purchased Office Supplies for $200 cash. dr. Choose... - cr. Choose... Choose... cr. Office Supplies Inventory ent..... Select the dr. Office Supplies Inventory On Septem fund for yo cr. Cash dr. Cash dr. Select the correct Dr. and Cr. to record this event..... On September 1st, you establish a Petty Cash fund for your company. dr. Choose... cr. Choose... > Choose... cr. Cash record this event..... Select the dr. Petty...
17. The company collected cash from a customer on account $1,000. A. Dr. Service Revenue .000;...
17. The company collected cash from a customer on account $1,000. A. Dr. Service Revenue .000; Cr. Accounts Receivable 1000 B. Dr. Accounts Receivable 1000; Cr. Cash 1000 C. Dr. Cash 1000; Cr. Accounts Receivable 1000 D. Dr. Accounts Receivable 1000; Cr. Service Revenue 1000 E. None of the above
Question 6 Not yet answered On February 9, 2020, Grove Industries purchased office supplies on account...
Question 6 Not yet answered On February 9, 2020, Grove Industries purchased office supplies on account from Markus Brothers Stationery Store. How is this entry recorded in the journal? Marked out of 1.00 Flag Cuestion Select one: O a. debit to Office Supplies and credit to Accounts Payable O b. debit to Office Supplies and credit to Cash O c. debit to Supplies Expense and credit to Accounts Receivable O d. debit to Accounts Receivable and credit to Office Supplies...
Instructions On September 18, 2019, Afton Company purchased $4,000 of supplies on account. In Afton Company's...
Instructions On September 18, 2019, Afton Company purchased $4,000 of supplies on account. In Afton Company's chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21. Required: A Joumalize the September 18, 2019, transaction on page 87 of Afton Company's two-column joumal. B. Prepare a four-column account for Supplies. Enter a debit balance of $2,100 as of September 1, 2019. Enter "Balance" in the Item column and place a check mark (N) in...
uebits = Cr. credits) and contains the correct account names and amous. 16. The company consulted...
uebits = Cr. credits) and contains the correct account names and amous. 16. The company consulted for a new brand and billed the client for services rendered $2,000 A. Dr. Service Revenue 2000; Cr. Accounts Receivable 2000 B. Dr. Service Revenue 2000; Cr. Cash 2000 C. Dr. Cash 2000; Cr. Accounts Payable 2000 D. Dr. Accounts Receivable 2000; Cr. Service Revenue 2000 E. None of the above
a. Kacy Spade, owner, Invested $12750 b. The company purchased office supplies for $370 cash. c....
a. Kacy Spade, owner, Invested $12750 b. The company purchased office supplies for $370 cash. c. The company purchased $7,051 of office equipment on credit. d. The company recelved $1,505 cash as fees for services provided to a customer e. The company paid $7051 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $2,703 as fees for services provided g. The company pald $520 cash for the monthly rent. h....
a. Purchased office supplies on account, SAR 450 b. Completed work for a client on credit,...
a. Purchased office supplies on account, SAR 450 b. Completed work for a client on credit, SAR 1,500 c. Paid cash for the office supplies purchased in (a) d. Completed work for a client and received SAR 800 cash e. Received SAR 1,500 cash for the work described in (b). f. Received SAR 3,000 in advance from a client for accounting services to be performed in September. Prepare journal entries to record the above transactions. Explanations are not necessary.
Exercise 13.5. The worksheet of Bridget’s Office Supplies contains the following asset and liability accounts. The...
Exercise 13.5. The worksheet of Bridget’s Office Supplies contains the following asset and liability accounts. The balance of the Notes Payable account consists of notes that are due within a year. Prepare a balance sheet dated December 31, 2016. Obtain the ending capital for the period from the statement of owner’s equity completed in Exercise 13.4. Accounts: 101 Cash $5,605 Dr. 107 Change Fund 500 Dr. 111 Accounts Receivable 5,140 Dr. 112 Allowance...
15. What type of account is Bright, Withdrawals? A. Asset B. Liability C. Equity--Withdrawals D. Equity--Revenue E. Equity--Expense Questions 16-20: Show how each of the following five business transactions is recorded as a journal entry. The correct answer is a journal entry which both balances (Dr. debits = Cr. credits) and contains the correct account names and amounts. 16. The company consulted for a new brand and billed the client for services rendered $2,000 A. Dr. Service Revenue 2000; Cr....
Select the correct Dr. and Cr. to record this event..... Purchased Office Supplies for $200 cash. dr. Choose... - cr. Choose... Choose... cr. Office Supplies Inventory ent..... Select the dr. Office Supplies Inventory On Septem fund for yo cr. Cash dr. Cash dr. Select the correct Dr. and Cr. to record this event..... On September 1st, you establish a Petty Cash fund for your company. dr. Choose... cr. Choose... > Choose... cr. Cash record this event..... Select the dr. Petty...
17. The company collected cash from a customer on account $1,000. A. Dr. Service Revenue .000; Cr. Accounts Receivable 1000 B. Dr. Accounts Receivable 1000; Cr. Cash 1000 C. Dr. Cash 1000; Cr. Accounts Receivable 1000 D. Dr. Accounts Receivable 1000; Cr. Service Revenue 1000 E. None of the above
Question 6 Not yet answered On February 9, 2020, Grove Industries purchased office supplies on account from Markus Brothers Stationery Store. How is this entry recorded in the journal? Marked out of 1.00 Flag Cuestion Select one: O a. debit to Office Supplies and credit to Accounts Payable O b. debit to Office Supplies and credit to Cash O c. debit to Supplies Expense and credit to Accounts Receivable O d. debit to Accounts Receivable and credit to Office Supplies...
Instructions On September 18, 2019, Afton Company purchased $4,000 of supplies on account. In Afton Company's chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21. Required: A Joumalize the September 18, 2019, transaction on page 87 of Afton Company's two-column joumal. B. Prepare a four-column account for Supplies. Enter a debit balance of $2,100 as of September 1, 2019. Enter "Balance" in the Item column and place a check mark (N) in...
uebits = Cr. credits) and contains the correct account names and amous. 16. The company consulted for a new brand and billed the client for services rendered $2,000 A. Dr. Service Revenue 2000; Cr. Accounts Receivable 2000 B. Dr. Service Revenue 2000; Cr. Cash 2000 C. Dr. Cash 2000; Cr. Accounts Payable 2000 D. Dr. Accounts Receivable 2000; Cr. Service Revenue 2000 E. None of the above
a. Kacy Spade, owner, Invested $12750 b. The company purchased office supplies for $370 cash. c. The company purchased $7,051 of office equipment on credit. d. The company recelved $1,505 cash as fees for services provided to a customer e. The company paid $7051 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $2,703 as fees for services provided g. The company pald $520 cash for the monthly rent. h....
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