How do I prepare a T account for the
how to prepare a t account for the Murphy delivery service 2018 accounting problem
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The T-accounts of Murphy Farm Equipment Repair follow as of May 31,2018. Prepare Murphy Farm Equipment...
The T-accounts of Murphy Farm Equipment Repair follow as of May
31,2018.
Prepare Murphy Farm Equipment Repair's trial balance as of May
31, 2018.
Data Table ASSETS LIABILITIES + EQUITY Contributed Capital + Retained Earnings Dividends+ 2,200 Cash - Salaries PayableCommon Stock - Service Revenue- nue Salaries Expense 4,600 2,500 24,000 16,000 200 3,900 2,000 3,900 Property Tax 24,000 2,500 200 21,000 Notes Payable Expense 1,0004,600 2,200 3,540 4,600 34,000 1,200 Accounts Receivable Advertising Expense 4,600 1,000 340 Land 16,000...
i need help in what to put on the last three pages > Comprehensive Problem 1...
i need help in what to put on the last three pages
> Comprehensive Problem 1 for Chapters 1-4 Murphy Delivery Service completed the following transactions during December 2015 Dec. 1 Murphy Delivery Service began operations by receiving $13.000 cash and a truck with a fair value of $9.000 from Russ Murphy. The business issued Murphy shares of common stock in exchange for this contribution Paid 5600 cash for a six-month insurance policy. The policy begins December 1 Paid 5750...
Accounting
Murphy Delivery Service has completed closing entries and the accounting cycle for 2020. The business is now ready to record January 2021 transactions. Jan. 3 Collected $1,400 cash from customer on account. 5 Purchased office supplies on account, $1,250. 12 Performed delivery services for a customer and received $3,500 cash. 15 Paid employee salary, including the amount owed on December 31, $6,900. 18 Performed delivery services on account, $2,850. 20 Paid $900 on account. 24 Purchased fuel for the truck,...
Requirement 1. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable;...
Requirement 1. Record each transaction in the journal, using
the following account titles: Cash; Accounts Receivable; Office
Supplies; Prepaid Insurance; Land; Building; Furniture; Accounts
Payable; Utilities Payable; Notes Payable; Common Stock;
Dividends; Service Revenue; Salaries Expense; Rent Expense; and
Utilities Expense. Explanations are not required. (Record debits
first, then credits. Exclude explanations from journal
entries.)
Requirement 2. The following four-column accounts have been
opened: Cash, 101; Accounts Receivable, 111; Office Supplies,
121; Prepaid Insurance, 131; Land, 141; Building, 151;
Furniture,...
Accounting 101 for a T Account how would I show the below? TITILE DEBIT / CRIDIT...
Accounting 101 for a T Account how would I show the below? TITILE DEBIT / CRIDIT Purchased Building for $200,000 purchased land for $150,000
Account Balance Account Balance Dividends. ..................$ 3,100 Common stock......... S 17,100 Utilities expense 1,500 Accounts payable...
Account Balance Account Balance Dividends. ..................$ 3,100 Common stock......... S 17,100 Utilities expense 1,500 Accounts payable 4,300 Accounts receivable 6,000 Service revenue 20,900 Delivery expense 500 Equipment 29,200 Retained earnings.... 5,800 Note payable 20,000 Salary expense 8,800 Cash 19,000 Trial Balance April 30, 2018 Account Cash Accounts receivable Equipment Accounts payable Note payable Common stock Retained earnings Dividends Service revenue Balance Debit Credit 19,000 6,000 29,200 4,300 20,000 17,100 5,800 3,100 20,900 Salary expense Utilities expense 8,800 1,500 500 Delivery...
How do I solve this? Total Paint Services earned $155,000 of service revenue during 2018. Of...
How do I solve this?
Total Paint Services earned $155,000 of service revenue during 2018. Of the $155,000 earned, the business received $140,000 in cash. The remaining amount, $15,000, was still owed by customers as of December 31. In addition, Total Paint Services incurred $72,000 of expenses during the year. As of December 31, $14,000 of the expenses still needed to be paid. In addition, Total Paint Services prepaid $9,000 cash in December 2018 for expenses incurred during the next...
Exercise 134 Prepare all entries that are necessary t Apeil 1, 2018.(Credit account titles are autommatically...
Exercise 134 Prepare all entries that are necessary t Apeil 1, 2018.(Credit account titles are autommatically indented when the amount is entered. Do not indent Date Account Tales and Explanation Agril 1, 2018 Aoril 1, 2018 o necond exchange of machn Click if you would like to Show Work for this question: Ooen Shaw.work acer MONDAY TUESDAY WEDI ESDAY THURSDAY
I have to prepare a presentation on this problem, but I feel like I don't understand...
I have to prepare a presentation on this problem, but I feel like I don't understand how to solve it. Can someone help me? In its first year of operations, Blossom Company recognized $31,700 in service revenue, $6,700 of which was on account and still outstanding at year-end. The remaining $25,000 was received in cash from customers. The company incurred operating expenses of $16,400. Of these expenses, $12,220 were paid in cash; $4,180 was still owed on account at year-end....
Requirements 2 and 3. Prepare T-Accounts for each account. Insert in each T-account its September 30...
Requirements 2 and 3. Prepare T-Accounts for
each account. Insert in each T-account its September 30 balance as
given (example: Cash $2,300). Then, post the October transactions
to the T-accounts. Compute the balance in each account.
Common Stock Bal Bal (a) (b) 8,500 4,3001 Cash 23001 4,3001 6,400 (c) 14001 (th) 50001 (e) 4,400 1,700 3,300 Bal Bal 10809 Accounts Receivable 3,500 (e) Retained Eamings Bal Bal 2,8001 1,400 Bal 21001 Supplies Dividends Service Revenue Equipment 11,500 Bal Rent Expense...
The T-accounts of Murphy Farm Equipment Repair follow as of May
31,2018.
Prepare Murphy Farm Equipment Repair's trial balance as of May
31, 2018.
Data Table ASSETS LIABILITIES + EQUITY Contributed Capital + Retained Earnings Dividends+ 2,200 Cash - Salaries PayableCommon Stock - Service Revenue- nue Salaries Expense 4,600 2,500 24,000 16,000 200 3,900 2,000 3,900 Property Tax 24,000 2,500 200 21,000 Notes Payable Expense 1,0004,600 2,200 3,540 4,600 34,000 1,200 Accounts Receivable Advertising Expense 4,600 1,000 340 Land 16,000...
i need help in what to put on the last three pages
> Comprehensive Problem 1 for Chapters 1-4 Murphy Delivery Service completed the following transactions during December 2015 Dec. 1 Murphy Delivery Service began operations by receiving $13.000 cash and a truck with a fair value of $9.000 from Russ Murphy. The business issued Murphy shares of common stock in exchange for this contribution Paid 5600 cash for a six-month insurance policy. The policy begins December 1 Paid 5750...
Requirement 1. Record each transaction in the journal, using
the following account titles: Cash; Accounts Receivable; Office
Supplies; Prepaid Insurance; Land; Building; Furniture; Accounts
Payable; Utilities Payable; Notes Payable; Common Stock;
Dividends; Service Revenue; Salaries Expense; Rent Expense; and
Utilities Expense. Explanations are not required. (Record debits
first, then credits. Exclude explanations from journal
entries.)
Requirement 2. The following four-column accounts have been
opened: Cash, 101; Accounts Receivable, 111; Office Supplies,
121; Prepaid Insurance, 131; Land, 141; Building, 151;
Furniture,...
Account Balance Account Balance Dividends. ..................$ 3,100 Common stock......... S 17,100 Utilities expense 1,500 Accounts payable 4,300 Accounts receivable 6,000 Service revenue 20,900 Delivery expense 500 Equipment 29,200 Retained earnings.... 5,800 Note payable 20,000 Salary expense 8,800 Cash 19,000 Trial Balance April 30, 2018 Account Cash Accounts receivable Equipment Accounts payable Note payable Common stock Retained earnings Dividends Service revenue Balance Debit Credit 19,000 6,000 29,200 4,300 20,000 17,100 5,800 3,100 20,900 Salary expense Utilities expense 8,800 1,500 500 Delivery...
How do I solve this?
Total Paint Services earned $155,000 of service revenue during 2018. Of the $155,000 earned, the business received $140,000 in cash. The remaining amount, $15,000, was still owed by customers as of December 31. In addition, Total Paint Services incurred $72,000 of expenses during the year. As of December 31, $14,000 of the expenses still needed to be paid. In addition, Total Paint Services prepaid $9,000 cash in December 2018 for expenses incurred during the next...
Exercise 134 Prepare all entries that are necessary t Apeil 1, 2018.(Credit account titles are autommatically indented when the amount is entered. Do not indent Date Account Tales and Explanation Agril 1, 2018 Aoril 1, 2018 o necond exchange of machn Click if you would like to Show Work for this question: Ooen Shaw.work acer MONDAY TUESDAY WEDI ESDAY THURSDAY
Requirements 2 and 3. Prepare T-Accounts for
each account. Insert in each T-account its September 30 balance as
given (example: Cash $2,300). Then, post the October transactions
to the T-accounts. Compute the balance in each account.
Common Stock Bal Bal (a) (b) 8,500 4,3001 Cash 23001 4,3001 6,400 (c) 14001 (th) 50001 (e) 4,400 1,700 3,300 Bal Bal 10809 Accounts Receivable 3,500 (e) Retained Eamings Bal Bal 2,8001 1,400 Bal 21001 Supplies Dividends Service Revenue Equipment 11,500 Bal Rent Expense...
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