Homework Answers
| S. No. | Accoutn Tittle | Debit | Credit |
| 6-Apr | Supplies | $1,500.00 | |
| Cash | $1,500.00 | ||
| 15-Apr | Cash | $1,000.00 | |
| Service Revenue | $1,000.00 | ||
| 25-Apr | Cash | $2,500.00 | |
| Unearned Revenue | $2,500.00 | ||
| 30-Apr | Account Receivable | $800.00 | |
| Service Revenue | $800.00 | ||
| 30-Apr | Supplies Expense | $925.00 | |
| Supplies (1500-575) | $925.00 | ||
| 30-Apr | Unearned Revenue | $875.00 | |
| Service Revenue | $875.00 | ||
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FULL Question 9 Tim Pharoah started Pharoah Roof Repairs on April 2, 2021, by investing $4,000...
Pharoah Company had the following trial balance at June 30, 2021 (its year end). Collaborations Wiley...
Pharoah Company had the following trial balance at June 30, 2021 (its year end). Collaborations Wiley PLUS Support Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Equipment Unearned Revenue Pharoah. Capital Totals Debit Credit $6,000 860 1.260 9.864 $4.110 1.490 12,384 $17,984 $17.984 During the month of July, the following selected transactions took place: July 2 Paid $780 cash for rent for July August, and September 10 Purchased $100 of supplies for cash. 14 Collected the full balance of accounts receivable....
P1.6B (LO 4, 5, 6) AP Kensington Bike Repair Shop was started on April 1 by...
P1.6B (LO 4, 5, 6) AP Kensington Bike Repair Shop was started on April 1 by L. Depres. A summary of the April transactions follows: April 1 Invested $21,000 to start the repair shop. 2 Purchased equipment for $9,000, paying $3,000 cash and signing a note payable for the balance. 5 Paid rent for the month, $1,050. Purchased $975 of supplies on account. 9 Received $3,200 in cash from customers for repair services. 16 Provided repair services on account to...
Pharoah Company had the following trial balance at June 30, 2021 (its year end).
Pharoah Company had the following trial balance at June 30, 2021 (its year-end).During the month of July, the following selected transactions took place:July 2 Paid $ 780 cash for rent for July, August, and September.10 Purchased $ 100 of supplies for cash.14 Collected the full balance of accounts receivable.20 Received $ 720 cash from a customer for services to be provided in August.25 Provided $ 1,310 of services for a customer and immediately collected cash.Additional information:1. At July 31, the...
Journalize the following transactions for Pharoah Company. (If no entry is required, select "No Entry" for...
Journalize the following transactions for Pharoah Company. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Sept.1 Purchased supplies for $970 cash. 5 Paid $360 cash dividend to stockholders. 7 Received $5,000 down payment from customer for services to be provided in the future. 16 Received $720 cash...
S 7 Punt P1.6B (LO 4, 5, 6) AP Kensington Bike Repair Shop was started on...
S 7 Punt P1.6B (LO 4, 5, 6) AP Kensington Bike Repair Shop was started on April 1 by L. Depres. A summary of the April transactions follows: April 1 Invested $21,000 to start the repair shop. 2 Purchased equipment for $9,000, paying $3,000 cash and signing a note payable for the balance. Paid rent for the month, $1,050. Purchased $975 of supplies on account. 9 Received $3,200 in cash from customers for repair services. 16 Provided repair services on...
April Transactions Date Transaction Description April 1 Started a landscaping business by making a $50,000 deposit...
April Transactions Date Transaction Description April 1 Started a landscaping business by making a $50,000 deposit in a company bank account, in exchange for 5,000 shares of $10 par value common stock. April 1 Purchased insurance for the year and paid $3,600 cash. April 1 Paid monthly rental of $2,500 cash on a warehouse to store the landscaping equipment. April 3 Purchased landscaping equipment from Toro for $15,000, paying a downpayment of $10,000 cash, and $5,000 on account. April 5...
Blossom Company had the following trial balance at June 30, 2021 (its year end). Credit Cash Accounts Receivable S...
Blossom Company had the following trial balance at June 30, 2021 (its year end). Credit Cash Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Unearned Revenke Blossom, Capital Totals Debit $5,700 700 1,100 8,640 $3,600 1,300 11,240 $16,140 $16,140 During the month of July, the following selected transactions took place: July 2 Pald $600 cash for rent for July August, and September 10 Purchased $100 of supplies for cash. 14 Collected the full balance of accounts receivable. 20 Received $600 cash from...
Here is the ledger for Pharoah Company. Cash Oct. 1 8,570 Oct.4 1,970 Oct. 10 2,550...
Here is the ledger for Pharoah Company. Cash Oct. 1 8,570 Oct.4 1,970 Oct. 10 2,550 Oct. 12 3,070 Oct. 10 9,570 Oct. 15 390 Oct. 20 840 Oct. 30 440 Oct. 25 3,570 Oct. 31 640 Accounts Receivable Oct. 6 940 Oct. 20 840 Oct. 20 1,060 Supplies Oct. 4 1,970 Oct. 31 1,750 Equipment Oct. 3 4,570 Notes Payable Oct. 10 9,570 Accounts Payable Oct. 123,070 Oct. 3 4,570 Oct. 10 9,570 Accounts Payable Oct. 12 3,070 Oct....
Pharoah Ltd. has the following selected transactions: 1. 2. 3. 4. 5. Issued common shares to...
Pharoah Ltd. has the following selected transactions: 1. 2. 3. 4. 5. Issued common shares to shareholders in exchange for $5,000. Paid rent in advance for two months, $2,400. Paid administrative assistant $400 salary. Billed clients $1.600 for services provided. Received $900 in partial payment from clients for services provided in item 4 above. Purchased $500 of supplies on account. Paid supplier amount owing on account, $500. Borrowed $1,000 cash from the bank. 6. 7. 8. Journalize the transactions for...
Question 6 View Policies Current Attempt in Progress At the end of September 2021, total owner's...
Question 6 View Policies Current Attempt in Progress At the end of September 2021, total owner's equity for Beaulieu Group Company was $7.935. During October, the following transactions occurred: 1. Provided services to a client and received $1.830 cash. 2. Paid $1,050 for October's rent. 3. Purchased $405 of supplies on account. 4. Provided services to a client and billed the client $2,080. 5. Collected $755 from the client billed in transaction 4 6. Received $8,235 cash from a client...
Pharoah Company had the following trial balance at June 30, 2021 (its year end). Collaborations Wiley PLUS Support Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Equipment Unearned Revenue Pharoah. Capital Totals Debit Credit $6,000 860 1.260 9.864 $4.110 1.490 12,384 $17,984 $17.984 During the month of July, the following selected transactions took place: July 2 Paid $780 cash for rent for July August, and September 10 Purchased $100 of supplies for cash. 14 Collected the full balance of accounts receivable....
P1.6B (LO 4, 5, 6) AP Kensington Bike Repair Shop was started on April 1 by L. Depres. A summary of the April transactions follows: April 1 Invested $21,000 to start the repair shop. 2 Purchased equipment for $9,000, paying $3,000 cash and signing a note payable for the balance. 5 Paid rent for the month, $1,050. Purchased $975 of supplies on account. 9 Received $3,200 in cash from customers for repair services. 16 Provided repair services on account to...
Journalize the following transactions for Pharoah Company. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Sept.1 Purchased supplies for $970 cash. 5 Paid $360 cash dividend to stockholders. 7 Received $5,000 down payment from customer for services to be provided in the future. 16 Received $720 cash...
S 7 Punt P1.6B (LO 4, 5, 6) AP Kensington Bike Repair Shop was started on April 1 by L. Depres. A summary of the April transactions follows: April 1 Invested $21,000 to start the repair shop. 2 Purchased equipment for $9,000, paying $3,000 cash and signing a note payable for the balance. Paid rent for the month, $1,050. Purchased $975 of supplies on account. 9 Received $3,200 in cash from customers for repair services. 16 Provided repair services on...
Blossom Company had the following trial balance at June 30, 2021 (its year end). Credit Cash Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Unearned Revenke Blossom, Capital Totals Debit $5,700 700 1,100 8,640 $3,600 1,300 11,240 $16,140 $16,140 During the month of July, the following selected transactions took place: July 2 Pald $600 cash for rent for July August, and September 10 Purchased $100 of supplies for cash. 14 Collected the full balance of accounts receivable. 20 Received $600 cash from...
Here is the ledger for Pharoah Company. Cash Oct. 1 8,570 Oct.4 1,970 Oct. 10 2,550 Oct. 12 3,070 Oct. 10 9,570 Oct. 15 390 Oct. 20 840 Oct. 30 440 Oct. 25 3,570 Oct. 31 640 Accounts Receivable Oct. 6 940 Oct. 20 840 Oct. 20 1,060 Supplies Oct. 4 1,970 Oct. 31 1,750 Equipment Oct. 3 4,570 Notes Payable Oct. 10 9,570 Accounts Payable Oct. 123,070 Oct. 3 4,570 Oct. 10 9,570 Accounts Payable Oct. 12 3,070 Oct....
Pharoah Ltd. has the following selected transactions: 1. 2. 3. 4. 5. Issued common shares to shareholders in exchange for $5,000. Paid rent in advance for two months, $2,400. Paid administrative assistant $400 salary. Billed clients $1.600 for services provided. Received $900 in partial payment from clients for services provided in item 4 above. Purchased $500 of supplies on account. Paid supplier amount owing on account, $500. Borrowed $1,000 cash from the bank. 6. 7. 8. Journalize the transactions for...
Question 6 View Policies Current Attempt in Progress At the end of September 2021, total owner's equity for Beaulieu Group Company was $7.935. During October, the following transactions occurred: 1. Provided services to a client and received $1.830 cash. 2. Paid $1,050 for October's rent. 3. Purchased $405 of supplies on account. 4. Provided services to a client and billed the client $2,080. 5. Collected $755 from the client billed in transaction 4 6. Received $8,235 cash from a client...
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