Please solve for journal entries
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please complete the journal entries please complete the journal entries Description of transaction 01. June 1:...
please complete the journal entries
please complete the journal entries
Description of transaction 01. June 1: Byte of Accounting, Inc. issued 2,650 shares of its common stock to Jeremy after $32,480 in cash and computer equipment with a fair market value of $44,370 were received. 02. June 1: Byte of Accounting, Inc. issued 1,879 shares of its common stock after acquiring from Courtney $36,250 in cash, computer equipment with a fair market value of $17,400 and office equipment with a...
journal entries please help Hello all – time for the 2nd round of journal entries. The...
journal entries please help
Hello all – time for the 2nd round of journal entries. The company sells Gizmos which is a product they purchase from a supplier. It is a retail sales company. 1/5/2020 - the company purchased 100 units at $75 each for a total of $7,500. The terms were 2/10 net30. This was the first time the company purchased the inventory item. 1/10/2020 - the company purchased another 100 units at $80 each for a total of...
. . Journal Entries (Set 1 of 3): Please make journal entries for the following transactions....
. . Journal Entries (Set 1 of 3): Please make journal entries for the following transactions. Here are several important reminders (applicable to all three sets of entries): Consider this set of events to be a stand-alone set of transactions. That is, this set of events and company are unrelated to the other two transaction sets you will complete Indicate the date by each individual transaction. If an adjusting entry is needed, please use the date December 31 (or 12/31)....
also please show how to solve for number 10, 15, & 19 Journal Entries for Merchandise...
also please show how to solve for number 10, 15, &
19
Journal Entries for Merchandise Transactions-Perpetual System Webster Company was established on July 1. Its sales terms are 2/10, 1/30. Credit terms for its purchases vary with the supplier. Selected transactions for the first month of operations are given below. Unless noted, all transactions are on account and involve merchandise held for resale. Webster Company uses the perpetual inventory system July 1Purchased goods from Dawson, Inc. $2.400; terms 1/10....
Please post your journal entries to the General Ledger and prepare a trial balance journal entries...
Please post your journal entries to the General Ledger
and prepare a trial balance
journal entries Georges Bicycle Repair Shop Debit Credit 500 Date Account Name 1-Jan Cash Capital Account Payable Repairs revenue Repairs revenue Note Payable Cash 500 3-Jan Supplies 125 125 5-Jan Cash 200 200 6-Jan Account Receivable 500 500 10-Jan Cash 5000 5000 15-Jan Account Payable 125 125 17-Jan Supplies 200 Account Payable 18-Jan Cash 250 Account Receivable 250
Please solve the question with the journal entries Question (3-B) Kappa prepares financial statements to 30...
Please solve the question with the journal entries
Question (3-B) Kappa prepares financial statements to 30 September each year. During the year ended 30 September 2015, Kappa entered into the following transactions: (11) On 20 September 2015, Kappa sold 100 identical items to a customer for $2,000 each. The items cost Kappa $1,600 each to manufacture. The terms of sale are that the customer has the right to return the goods for a full refund within three months. Afterthe three-month...
Please show T-Accounts as well. JOURNAL ENTRIES -- Prepare the journal entries for the following activities. (5 poin...
Please show T-Accounts as well.
JOURNAL ENTRIES -- Prepare the journal entries for the following activities. (5 points each) Sold office equipment for $700. The equipment originally cost $2,000 and has accumulated depreciation of $1,500. Sold merchandise on account for $2,000. Cost of the merchandise was $1,200. 3. Received advance payment of $3,000 for services to be provided next month. Purchased new office equipment costing $4,000 by paying $1,500 in cash and signing a note for the balance. Received payment...
Provide the appropriate journal entries for the following transactions. If no journal entry is required please...
Provide the appropriate journal entries for the following
transactions. If no journal entry is required please indicate
so.
13 01/14/2019 NSC pays its employees twice a month. The pay dates are 16th and 30th of the month. For February it's the last day of the month. NSC accrues salaries and wages expense two working days prior to the payment day. Today is the day for NSC to estimate salaries and wages expenses. NSC estimated that the total salaries and wages...
please post to the unadjusted trial balance and the adjusted entries . the adjusted journal entries...
please post to the unadjusted trial balance and the adjusted
entries . the adjusted journal entries only has 5 entries
(A-E)
References Mailings Review View Help Аавьссос | Аавьсебе Аавьс Аавьссі Аав 1 Normal 1 No Spac. Heading 1 Heading 2 Title Paragraph Styles ACCT 313 Project – Fall 2020 On July 1, 2018, Sally Jo started a rental business, Sally's Rentals. The following transactions occurred during the company's first month: Jul 1 Sally invested $70,000 cash Jul 1 In...
Journal entries,
Egert Co.’s March 31 inventory of raw materials is $95,000. Raw materials purchases in April are $580,000, and factory payroll cost in April is $402,000. Overhead costs incurred in April are: indirect materials, $94,000; indirect labor, $32,000; factory rent, $62,000; factory utilities, $25,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 70% of direct labor cost. Job 306 is sold for $710,000 cash in April. Costs of the three jobs worked on in April follow. Job 306Job 307Job 308Balances...
please complete the journal entries
please complete the journal entries
Description of transaction 01. June 1: Byte of Accounting, Inc. issued 2,650 shares of its common stock to Jeremy after $32,480 in cash and computer equipment with a fair market value of $44,370 were received. 02. June 1: Byte of Accounting, Inc. issued 1,879 shares of its common stock after acquiring from Courtney $36,250 in cash, computer equipment with a fair market value of $17,400 and office equipment with a...
journal entries please help
Hello all – time for the 2nd round of journal entries. The company sells Gizmos which is a product they purchase from a supplier. It is a retail sales company. 1/5/2020 - the company purchased 100 units at $75 each for a total of $7,500. The terms were 2/10 net30. This was the first time the company purchased the inventory item. 1/10/2020 - the company purchased another 100 units at $80 each for a total of...
. . Journal Entries (Set 1 of 3): Please make journal entries for the following transactions. Here are several important reminders (applicable to all three sets of entries): Consider this set of events to be a stand-alone set of transactions. That is, this set of events and company are unrelated to the other two transaction sets you will complete Indicate the date by each individual transaction. If an adjusting entry is needed, please use the date December 31 (or 12/31)....
also please show how to solve for number 10, 15, &
19
Journal Entries for Merchandise Transactions-Perpetual System Webster Company was established on July 1. Its sales terms are 2/10, 1/30. Credit terms for its purchases vary with the supplier. Selected transactions for the first month of operations are given below. Unless noted, all transactions are on account and involve merchandise held for resale. Webster Company uses the perpetual inventory system July 1Purchased goods from Dawson, Inc. $2.400; terms 1/10....
Please post your journal entries to the General Ledger
and prepare a trial balance
journal entries Georges Bicycle Repair Shop Debit Credit 500 Date Account Name 1-Jan Cash Capital Account Payable Repairs revenue Repairs revenue Note Payable Cash 500 3-Jan Supplies 125 125 5-Jan Cash 200 200 6-Jan Account Receivable 500 500 10-Jan Cash 5000 5000 15-Jan Account Payable 125 125 17-Jan Supplies 200 Account Payable 18-Jan Cash 250 Account Receivable 250
Please solve the question with the journal entries
Question (3-B) Kappa prepares financial statements to 30 September each year. During the year ended 30 September 2015, Kappa entered into the following transactions: (11) On 20 September 2015, Kappa sold 100 identical items to a customer for $2,000 each. The items cost Kappa $1,600 each to manufacture. The terms of sale are that the customer has the right to return the goods for a full refund within three months. Afterthe three-month...
Please show T-Accounts as well.
JOURNAL ENTRIES -- Prepare the journal entries for the following activities. (5 points each) Sold office equipment for $700. The equipment originally cost $2,000 and has accumulated depreciation of $1,500. Sold merchandise on account for $2,000. Cost of the merchandise was $1,200. 3. Received advance payment of $3,000 for services to be provided next month. Purchased new office equipment costing $4,000 by paying $1,500 in cash and signing a note for the balance. Received payment...
Provide the appropriate journal entries for the following
transactions. If no journal entry is required please indicate
so.
13 01/14/2019 NSC pays its employees twice a month. The pay dates are 16th and 30th of the month. For February it's the last day of the month. NSC accrues salaries and wages expense two working days prior to the payment day. Today is the day for NSC to estimate salaries and wages expenses. NSC estimated that the total salaries and wages...
please post to the unadjusted trial balance and the adjusted
entries . the adjusted journal entries only has 5 entries
(A-E)
References Mailings Review View Help Аавьссос | Аавьсебе Аавьс Аавьссі Аав 1 Normal 1 No Spac. Heading 1 Heading 2 Title Paragraph Styles ACCT 313 Project – Fall 2020 On July 1, 2018, Sally Jo started a rental business, Sally's Rentals. The following transactions occurred during the company's first month: Jul 1 Sally invested $70,000 cash Jul 1 In...
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