Homework Answers
Answers
| Transaction | General Journal | Debit | Credit |
| 1 | Cash | $325 | |
| Service Revenue | $325 | ||
| (to record revenue earned in cash) | |||
| 2 | Salaries & Wages expense | $100 | |
| Cash | $100 | ||
| (to record expense payment) |
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8. value 0.22 points E12-3 Part 1 Required 1. Prepare the journal entries to record these...
Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select...
Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. At the end of June, bad debt expense is estimated to be $14.400. b. In July, customer balances are written off in the amount of $7,200. View transaction list Journal entry worksheet Record the estimated bad debt expense of 14,400. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry...
Exercise 3-1 Prepare Journal Entries (L03-1) Larned Corporation recorded the following transactions for the just completed...
Exercise 3-1 Prepare Journal Entries (L03-1) Larned Corporation recorded the following transactions for the just completed month. a. $89,000 in raw materials were purchased on account. b. $87,000 in raw materials were used in production. Of this amount, $75,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $107.000 were paid in cash. Of this amount, $102,900 was for direct labor and the remainder was for indirect labor. d. Depreciation of $193,000 was...
Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is required...
Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) July 15 Declared a cash dividend payable to common stockholders of $165,000. Aug. 15 Date of record is August 15 for the cash dividend declared on July 15. Aug. 31 Paid the dividend declared on July 15. View transaction list Journal entry worksheet Record the declaration of a cash dividend payable...
Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is required...
Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is required for a transaction/event. select "No journal entry required" in the first account field.) July 15 Declared a cash dividend payable to common stockholders of $167,000. Aug. 15 Date of record is August 15 for the cash dividend declared on July 15. Aug. 31 Paid the dividend declared on July 15. Journal entry worksheet < 1 2 3 Record the declaration of a cash dividend...
Assume a company uses the allowance method of bad debt. Required: Prepare journal entries for each...
Assume a company uses the allowance method of bad debt. Required: 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.) a. On August 31, a customer balance for $270 from a prior year was determined to be uncollectible and was written off. b. On December 15, the customer balance for $270 written off on August 31 was collected in full. View transaction list Journal entry...
Exercise 3-5 Journal Entries and T-accounts [LO3-1, LO3-2] The Polaris Company uses a job-order costing system....
Exercise 3-5 Journal Entries and T-accounts [LO3-1, LO3-2] The Polaris Company uses a job-order costing system. The following transactions occurred in October: a. Raw materials purchased on account, $210,000. . Raw materials used in production, $190,000 ($178,000 direct materials and $12,000 indirect materials). c. Accrued direct labor cost of $90,000 and indirect labor cost of $110,000. H. Depreciation recorded on factory equipment, $40,000. e. Other manufacturing overhead costs accrued during October, $70,000. f. The company applies manufacturing overhead cost to...
o Required 1 Required 2 Required 3 Prepare general journal entries to record these transactions using...
o Required 1 Required 2 Required 3 Prepare general journal entries to record these transactions using the following titles! Cash (101); Accounts Receivable (106); Prepaid Insurance (108): Office Equipment (163). Drafting Equipment (164), Building (170), Land (172): Accounts Payable (201): Notes Payable (250): J. Aracel, Capital (301): 1. Aracel. Withdrawals (302), Engineering Fees Earned (402); Wages Expense (601): Equipment Rental Expense (602): Advertising Expense (603), and Repairs Expense (604). Show less View transaction list Journal entry worksheet 2 3 4...
Journal entry worksheet Record the adjusting entry for amortization for 2018, $1. Note: Enter debits before...
Journal entry worksheet Record the adjusting entry for amortization for 2018, $1. Note: Enter debits before credite Transaction General Journal Debit Credit Record entry Clear entry View general journal 4. Record the adjusting journal entries (k) through lol ( no entry is required for a transact Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet < 1 2 3 4 Record the adjusting entry for supplies counted on December 31,...
Check my Prepare joumal entries to record the above transactions for Emerson Corporation (If no entry...
Check my Prepare joumal entries to record the above transactions for Emerson Corporation (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) July 15 Declared a cash dividend payable to common stockholders of $174,000. Aug. 15 Date of record is August 15 for the cash dividend declared on July 15. Aug. 31 Paid the dividend declared on July 15. View transaction list Journal entry worksheet 2 3 Record the declaration of...
Required 1 Required 2 Required 3 Prepare general journal entries to record these transactions using the...
Required 1 Required 2 Required 3 Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Prepaid Insurance (108), Office Equipment (163); Drafting Equipment (164), Building (170), Land (172), Accounts Payable (201), Notes Payable (250); J. Aracel, Capital (301): J. Aracel, Withdrawals (302), Engineering Fees Earned (402), Wages Expense (601), Equipment Rental Expense (602): Advertising Expense (603), and Repairs Expense (604). Show less View transaction list Journal entry worksheet ..... 7 8 9...
Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. At the end of June, bad debt expense is estimated to be $14.400. b. In July, customer balances are written off in the amount of $7,200. View transaction list Journal entry worksheet Record the estimated bad debt expense of 14,400. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry...
Exercise 3-1 Prepare Journal Entries (L03-1) Larned Corporation recorded the following transactions for the just completed month. a. $89,000 in raw materials were purchased on account. b. $87,000 in raw materials were used in production. Of this amount, $75,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $107.000 were paid in cash. Of this amount, $102,900 was for direct labor and the remainder was for indirect labor. d. Depreciation of $193,000 was...
Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) July 15 Declared a cash dividend payable to common stockholders of $165,000. Aug. 15 Date of record is August 15 for the cash dividend declared on July 15. Aug. 31 Paid the dividend declared on July 15. View transaction list Journal entry worksheet Record the declaration of a cash dividend payable...
Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is required for a transaction/event. select "No journal entry required" in the first account field.) July 15 Declared a cash dividend payable to common stockholders of $167,000. Aug. 15 Date of record is August 15 for the cash dividend declared on July 15. Aug. 31 Paid the dividend declared on July 15. Journal entry worksheet < 1 2 3 Record the declaration of a cash dividend...
Assume a company uses the allowance method of bad debt. Required: 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.) a. On August 31, a customer balance for $270 from a prior year was determined to be uncollectible and was written off. b. On December 15, the customer balance for $270 written off on August 31 was collected in full. View transaction list Journal entry...
Exercise 3-5 Journal Entries and T-accounts [LO3-1, LO3-2] The Polaris Company uses a job-order costing system. The following transactions occurred in October: a. Raw materials purchased on account, $210,000. . Raw materials used in production, $190,000 ($178,000 direct materials and $12,000 indirect materials). c. Accrued direct labor cost of $90,000 and indirect labor cost of $110,000. H. Depreciation recorded on factory equipment, $40,000. e. Other manufacturing overhead costs accrued during October, $70,000. f. The company applies manufacturing overhead cost to...
o Required 1 Required 2 Required 3 Prepare general journal entries to record these transactions using the following titles! Cash (101); Accounts Receivable (106); Prepaid Insurance (108): Office Equipment (163). Drafting Equipment (164), Building (170), Land (172): Accounts Payable (201): Notes Payable (250): J. Aracel, Capital (301): 1. Aracel. Withdrawals (302), Engineering Fees Earned (402); Wages Expense (601): Equipment Rental Expense (602): Advertising Expense (603), and Repairs Expense (604). Show less View transaction list Journal entry worksheet 2 3 4...
Journal entry worksheet Record the adjusting entry for amortization for 2018, $1. Note: Enter debits before credite Transaction General Journal Debit Credit Record entry Clear entry View general journal 4. Record the adjusting journal entries (k) through lol ( no entry is required for a transact Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet < 1 2 3 4 Record the adjusting entry for supplies counted on December 31,...
Check my Prepare joumal entries to record the above transactions for Emerson Corporation (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) July 15 Declared a cash dividend payable to common stockholders of $174,000. Aug. 15 Date of record is August 15 for the cash dividend declared on July 15. Aug. 31 Paid the dividend declared on July 15. View transaction list Journal entry worksheet 2 3 Record the declaration of...
Required 1 Required 2 Required 3 Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Prepaid Insurance (108), Office Equipment (163); Drafting Equipment (164), Building (170), Land (172), Accounts Payable (201), Notes Payable (250); J. Aracel, Capital (301): J. Aracel, Withdrawals (302), Engineering Fees Earned (402), Wages Expense (601), Equipment Rental Expense (602): Advertising Expense (603), and Repairs Expense (604). Show less View transaction list Journal entry worksheet ..... 7 8 9...
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