I am not sure how to journal the following entry for my workbook. July 31: total...
I am not sure how to journal the following entry for my workbook.
July 31: total July Bakery Sales were $15,000. 5,000 of these sales were on accounts receivable
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I am not sure how to journal the following entry for
my workbook.
July 31: total...
For Oriole Company, journalize the entry on July 1 and adjusting entry on December 31. (Record...
For Oriole Company, journalize the entry on July 1 and adjusting entry on December 31. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1 Prepaid Insurance 0,000 Cash 0,000 Dec. 31 Insurance Expense 00 Prepaid Insurance I...
Can someone please help me with this, I am stuck Nix’It Company’s ledger on July 31,...
Can someone please help me with this, I am stuck
Nix’It Company’s ledger on July 31, its fiscal year-end, includes
the following selected accounts that have normal balances (Nix’It
uses the perpetual inventory system).
Merchandise inventory
$
38,300
Sales returns and allowances
$
6,400
Retained earnings
116,300
Cost of goods sold
105,300
Dividends
7,000
Depreciation expense
10,400
Sales
160,000
Salaries expense
33,000
Sales discounts
3,000
Miscellaneous expenses
5,000
A physical count of its July 31 year-end inventory discloses...
I am not sure where the adjusting entries go or if there even needs to be...
I am not sure where the adjusting entries go or if there even
needs to be one. If there is an adjusting entries how do I know
what needs to be adjusted?
The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 25,000 15,800 12,800 152,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 7,100 6, 200 147,000 45,300 $205,600 $205,600 The following...
I am unsure of how to transfer my journal entries to T accounts. Please help.
I am unsure of how to transfer my journal entries to T accounts. Please help.
I am currently having trouble revising my work as I do not know how to get the amount of the Closing Inventory in the In...
I am currently having trouble revising my work as I do not know
how to get the amount of the Closing Inventory in the Income
Statement. Please help me.
UUTUS. 5 Record the following transactions of Carlos using double-entry bookkeeping; summarize them in the form of a trial balance, and prepare an income statement for the three-month period, and a statement of financial position as at the end of the period. 1 Jul Carlos started a business dealing in second-hand...
I need help on how to journal these entries. I am so lost on where to...
I need help on how to journal these entries. I am so lost on
where to even begin.
Documenti Word Aalboete AaBbcc AaBbc Aabbcc AaB AaBbccc Abod Aaben abc Normal 1 No Space Heading! Heading 2 Title Subtitle Subtle Em Emphasis Intense Please use excel to journalize the following five questions: 1. On January 1, 20xx, ABC Company purchased a truck for $10,000 using cash. 2. ABC Company took out a loan to $25,000 to purchase a building. The building...
I need help with the journal entry. I wanted to know if my journal entry is...
I need help with the journal entry. I wanted to know if my journal entry is correct. I am not too sure with my answer. EA1-R2 Record Journal Entries In this exercise, you will record journal entries in Excel. The four transactions you use, all of which took place during 2016, are as follows: • August 2: Purchased twelve months of insurance coverage in advance for $3,600 • August 9: Billed clients $6,000 for services rendered • August 21: Received...
Which of the following shows the correct journal entry to record the sale under the gross...
Which of the following shows the correct journal entry to record the sale under the gross method if Beryl Brothers made a $15,000 sale with credit terms of 1/15, n/30? A : Debit Accounts Receivable for $14,850 and credit Sales Revenue for $14,850 B : Debit Accounts Receivable for $15,000 and credit Sales Revenue for $15,000 C : Debit Accounts Receivable for $14,850 and Sales Discounts for $150 and credit Sales Revenue for $15,000 D : Debit Accounts Receivable for...
The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31,...
The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2016 Total Accounts | Receivable $127,300 $90,000 $54,400 $32600 Historical % Uncollectible 296 1296 18% 34% Number of Days Unpaid Over 60 days past due Required: a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $29,187 on July 31, 2016. Prepare the required adjusting entry to record Bad Debt Expense for...
The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31,...
The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2016: Number of Days Unpaid ays Unpaidlotal Total Accounts Receivable Historical % Uncollectible $128,300 $91,000 $55,400 33,600 4% 11% 17% 34% t due t due Over 60 days past due Required a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $29 487 on July 31, 2016. Prepare the required adjusting entry...
For Oriole Company, journalize the entry on July 1 and adjusting entry on December 31. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1 Prepaid Insurance 0,000 Cash 0,000 Dec. 31 Insurance Expense 00 Prepaid Insurance I...
Can someone please help me with this, I am stuck
Nix’It Company’s ledger on July 31, its fiscal year-end, includes
the following selected accounts that have normal balances (Nix’It
uses the perpetual inventory system).
Merchandise inventory
$
38,300
Sales returns and allowances
$
6,400
Retained earnings
116,300
Cost of goods sold
105,300
Dividends
7,000
Depreciation expense
10,400
Sales
160,000
Salaries expense
33,000
Sales discounts
3,000
Miscellaneous expenses
5,000
A physical count of its July 31 year-end inventory discloses...
I am not sure where the adjusting entries go or if there even
needs to be one. If there is an adjusting entries how do I know
what needs to be adjusted?
The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 25,000 15,800 12,800 152,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 7,100 6, 200 147,000 45,300 $205,600 $205,600 The following...
I am currently having trouble revising my work as I do not know
how to get the amount of the Closing Inventory in the Income
Statement. Please help me.
UUTUS. 5 Record the following transactions of Carlos using double-entry bookkeeping; summarize them in the form of a trial balance, and prepare an income statement for the three-month period, and a statement of financial position as at the end of the period. 1 Jul Carlos started a business dealing in second-hand...
I need help on how to journal these entries. I am so lost on
where to even begin.
Documenti Word Aalboete AaBbcc AaBbc Aabbcc AaB AaBbccc Abod Aaben abc Normal 1 No Space Heading! Heading 2 Title Subtitle Subtle Em Emphasis Intense Please use excel to journalize the following five questions: 1. On January 1, 20xx, ABC Company purchased a truck for $10,000 using cash. 2. ABC Company took out a loan to $25,000 to purchase a building. The building...
The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2016 Total Accounts | Receivable $127,300 $90,000 $54,400 $32600 Historical % Uncollectible 296 1296 18% 34% Number of Days Unpaid Over 60 days past due Required: a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $29,187 on July 31, 2016. Prepare the required adjusting entry to record Bad Debt Expense for...
The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2016: Number of Days Unpaid ays Unpaidlotal Total Accounts Receivable Historical % Uncollectible $128,300 $91,000 $55,400 33,600 4% 11% 17% 34% t due t due Over 60 days past due Required a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $29 487 on July 31, 2016. Prepare the required adjusting entry...
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