Answer: $99,830
Working:
Hence amount payable
Question 5 of 9 Three invoices for the amounts of $34,300, $26,000, and $40,050 were received...
Question 1 of 4 > -/2 View Policies Current Attempt in Progress Flint Co. uses the net method to account for cash discounts. On June 1, 2020. it made sales of $64.800 with terms 2/15, 1/45. On June 12, 2020. Flint received full payment for the June 1 sale. Prepare the required journal entries for Flint Co. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically...
At June 30, 2017, the end of its most recent fiscal year, Ayayai Computer Consultants' post-closing trial balance was as follows: Debit Credit Cash $3,870 Accounts receivable 890 Supplies 510 Accounts payable $300 Unearned service revenue 830 Common stock 2,700 Retained earnings 1440 $5,270 $5.270 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Ayayai conducted the following transactions during July 2017, and adjusts its accounts monthly. July 1 Purchased equipment, paying...
please Help me!! Remaining Time: 3 hours, 11 minutes, 53 seconds. Question Completion Status: QUESTION 1 The following information is for Bright Eyes Auto Supplies: Bright Eyes Auto Supplies Balance Sheet December 31, 2015 $ 40,000 80,000 100,000 140,000 180,000 250.000 Accounts Payable Salaries and Wages Payable Mortgage Payable Total Liabilities Cash Prepaid Insurance Accounts Receivable Inventory Land Held for Investment Land Buildings $200,000 Less Accumulated Depreciation (60.000 Trademark Total Assets $ 130,000 50,000 150.000 330,000 Common Sock Retained Earnings...
fill in the red blanks with the answer to fill in the red blanks Click to come the Daten-ellek to s t recent fiscal year, Flounder Computer Consultants post-closing trial balance was as follows: Debit Credit Accounts receivable Supplies $4,390 1,010 500 Accounts payable Unearned service revenue $340 940 3.000 Common stock Retained earnings 1.700 $5.900 $5,000 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Flounder conducted the following transactions during...
NEED HELP!!! I did my general lendger but my finacial statements are not balancing so there is a problem I guess in my transactions. have to make the nessecary credit and debit transactions for each one. June 1 Byte of Accounting, Inc. acquired 543,200 in cash from Lauryn and issued 1,800 shares of its Common stock 02. June : Byte of Accounting, Inc. issued 2,550 shares of its common stock to Stephanie Guthrie after 525,680 in cash and computer equipment...
Hello, I need help with the journal entries for transactions 29, 34, 35, 37, and 38. 01. June 1: Byte issued 2,660 shares of common stock to Lisa after $28,600 in cash and computer equip with a fair market value of $40,560 were received. 02. June 1: Byte issued 2,282 of it's common stock after acquiring from Andrew $48,100 in cash, computer equipment with a FMV of $10,920 and office equip with a FMV of $676 03. June 1: Byte...
ransaction Description of transaction 01. June 1: Byte of Accounting, Inc. issued 2,670 shares of its common stock to Jeremy after $31,900 in cash and computer equipment with a fair market value of $45,530 were received. 02. June 1: Byte of Accounting, Inc. issued 1,851 shares of its common stock after acquiring from Courtney $36,250 in cash, computer equipment with a fair market value of $16,240 and office equipment with a fair value of $1,189. 03. June 1: Byte of...
Question: 1 On December 1, 2020, Company had the following account balances. Debit Cash $ 7,200 Accumulated Depreciation- Equipment Accounts receivable 4.600 Accounts Payable Inventory 12.000 Salaries and Wages Payable Supplies 1,200 Owner's Capital Equipment 22.000 $47.000 Credit $ 2,200 4,500 1.000 39,300 $47.000 During December, the company completed the following summary transactions. December 5 Purchased golf bags, clubs, and balls on account from Tiger Co. $1,200, FOB shipping point, terms 2/10, 1/60. Appropriate party paid freight on purchases $50....
what are the journal entries for 32,34,&35? fx The note payable relating to the June 2, and 10 transactions is a five-year - The fixed assets have estimated useful lives as follows: Building - 31.5 years Computer Equipment - 5.0 years Office Equipment - 7.0 years Use the straight-line method of depreciation Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The building's scrap value is $7,500. The...
#29 says the annual interest rate on the mortgage payable was 7.00 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16th. #19 says purchased office supplies for $605 on credit. Record the purchase as an increase to the assets. I only need help with #'s 27-39 Transaction Description of transaction June 1: Byte of Accounting, Inc. acquired $50,000 in cash from Lauryn and issued 2,000 shares...