Homework Answers
General Journal:
| Date | Account title and explanation | Debit | Credit |
| April 1 | Cash | $ 80,000 | |
| Anthony, Capital | $ 80,000 | ||
| [To record cash invested in the business] |
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Arthur Anthony opened a law office on April 1 of the current year with the following...
More Info 1 Trevor Moore opened a law office on January 1, 2024. During the first...
More Info 1 Trevor Moore opened a law office on January 1, 2024. During the first month of operation, the business completed IN (Click the icon to view the transactions) Read the requirements Requirement 1. Record each transaction in the journal, using the following account lifes Cash Account Receivable Payable: Moore, Capital, Moore, Withdrawals Service Revenue Salaries Expense Rent Expense, and Units Exped Jan. 1 Moore contributed 579,000 cash to the business, Trevor Moore, Attorney. The business gave capital to...
More Info - Trevor Moore opened a law office on January 1, 2024. During the first...
More Info - Trevor Moore opened a law office on January 1, 2024. During the first month of operation, the business completed IN (Click the icon to view the transactions) Read the requirements Requirement 1. Record each transaction in the journal, using the following account lifes Cash Account Receivable Payable: Moore, Capital, Moore, Withdrawals Service Revenue Salaries Expense Rent Expense, and Units Exped Jan. 1 Moore contributed 579,000 cash to the business, Trevor Moore, Attorney. The business gave capital to...
Transaction Analysis: Directions: Nally's Nook opened for business on April 1, 2018. General ledger accounts used...
Transaction Analysis: Directions: Nally's Nook opened for business on April 1, 2018. General ledger accounts used by the business are listed below. Determine the debit and credit pieces for each transaction. A. Cash B. Petty Cash C. Accounts Receivable D. Supplies E. Office Furniture F. Accounts payable G. R. Nally, Capital H. R. Nally, Drawing I. Fees income J. Miscellaneous Expense K. Rent Expense L. Repairs Expense M. Utilities expense Date (April) Transaction Debit Credit 1 R. Nally, the owner,...
complete general ledger PELICAN COMPANY On April 1, John Thompson opened Pelican Company. The company provides...
complete general ledger
PELICAN COMPANY On April 1, John Thompson opened Pelican Company. The company provides services to a variety of customers. The company was organized as a sole proprietorship and has a monthly accounting period. The following transactions occurred during April. Thompson invested $37,000 cash in the company. The company paid $20,000 cash for equipment. The company paid $2,400 cash for the premium on a 12-month insurance policy Coverage begins on April 1. The company paid $2,900 cash to...
I will upvote the correct answers Requirement 2. T-accounts have been opened for each of the...
I will upvote the correct answers
Requirement 2. T-accounts have been opened for each of the accounts. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. We will post to the accounts one transaction at a time. Begin by posting the events from the 1st. Sep. 1: Received $43,000 cash and gave capital to Stewart. (We will post to the accounts one transaction at a...
accounting cycle help! MARSHALL COMPANY On April 1, Ralph Marshall opened Marshall Company. The company provides...
accounting cycle help!
MARSHALL COMPANY On April 1, Ralph Marshall opened Marshall Company. The company provides services to a variety of clients. The company was organized as a corporation and has a monthly accounting period. The following transactions occurred during April. Apr. 1 Аpг. 1 Apr. 1 Marshall invested $20,000 cash in the company in exchange for its common stock The company paid $1,000 cash to rent office space for April. The company paid $1,440 cash for the premium on...
accounting cycle MARSHALL COMPANY On April 1, Ralph Marshall opened Marshall Company. The company provides services...
accounting cycle
MARSHALL COMPANY On April 1, Ralph Marshall opened Marshall Company. The company provides services to a variety of clients. The company was organized as a corporation and has a monthly accounting period. The following transactions occurred during April Apr. 1 Apr. 1 Apr. 1 Marshall invested $20,000 cash in the company in exchange for its common stock. The company paid $1,000 cash to rent office space for April The company paid $1,440 cash for the premium on a...
% P2-31A (similar to) Tony Monson opened a law office on January 1, 2018. During the...
% P2-31A (similar to) Tony Monson opened a law office on January 1, 2018. During the first month of operations, the business completed the following transactions: Click the icon to view the transactions.) Read the requirements Requirement 3. Prepare the trial balance of Tony Monson, Attorney, at January 31, 2018 Review the ledger accounts for the month of January Tony Monson, Attorney Trial Balance January 31, 2018 Balance Account Title Debit Credit Cash Common Stock 79,000 Office Supplies 1.300 Furniture...
1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable; Office...
1.
Record each transaction in the journal using the
following account titles: Cash; Accounts Receivable; Office
Supplies; Prepaid Insurance; Land; Furniture; Accounts Payable;
Utilities Payable; Unearned Revenue; Common Stock; Dividends;
Service Revenue; Salaries Expense; Rent Expense; and Utilities
Expense. Explanations are not required.
2.
T-accounts have been opened for each of the accounts.
Post the journal entries to the T-accounts, using transaction
dates as posting references in the ledger accounts. Label the
balance of each account
Bal.
3.
Prepare the...
View Policies Current Attempt in Progress Nancy Jackson opened a law office on July 1, 2020....
View Policies Current Attempt in Progress Nancy Jackson opened a law office on July 1, 2020. On July 31, the balance sheet showed Cash $5,200, Accounts Receivable $1,900, Supplies $500, Equipment $6,300, Accounts Payable $4,300, and Owner's Capital $9,600. During August, the following transactions occurred. 1. Collected $1,600 of accounts receivable. 2. Paid $2,800 cash on accounts payable. 3. Recognized revenue of $8,500, of which $3,200 is collected in cash and the balance is due in September. Purchased additional equipment...
More Info 1 Trevor Moore opened a law office on January 1, 2024. During the first month of operation, the business completed IN (Click the icon to view the transactions) Read the requirements Requirement 1. Record each transaction in the journal, using the following account lifes Cash Account Receivable Payable: Moore, Capital, Moore, Withdrawals Service Revenue Salaries Expense Rent Expense, and Units Exped Jan. 1 Moore contributed 579,000 cash to the business, Trevor Moore, Attorney. The business gave capital to...
More Info - Trevor Moore opened a law office on January 1, 2024. During the first month of operation, the business completed IN (Click the icon to view the transactions) Read the requirements Requirement 1. Record each transaction in the journal, using the following account lifes Cash Account Receivable Payable: Moore, Capital, Moore, Withdrawals Service Revenue Salaries Expense Rent Expense, and Units Exped Jan. 1 Moore contributed 579,000 cash to the business, Trevor Moore, Attorney. The business gave capital to...
complete general ledger
PELICAN COMPANY On April 1, John Thompson opened Pelican Company. The company provides services to a variety of customers. The company was organized as a sole proprietorship and has a monthly accounting period. The following transactions occurred during April. Thompson invested $37,000 cash in the company. The company paid $20,000 cash for equipment. The company paid $2,400 cash for the premium on a 12-month insurance policy Coverage begins on April 1. The company paid $2,900 cash to...
I will upvote the correct answers
Requirement 2. T-accounts have been opened for each of the accounts. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. We will post to the accounts one transaction at a time. Begin by posting the events from the 1st. Sep. 1: Received $43,000 cash and gave capital to Stewart. (We will post to the accounts one transaction at a...
accounting cycle help!
MARSHALL COMPANY On April 1, Ralph Marshall opened Marshall Company. The company provides services to a variety of clients. The company was organized as a corporation and has a monthly accounting period. The following transactions occurred during April. Apr. 1 Аpг. 1 Apr. 1 Marshall invested $20,000 cash in the company in exchange for its common stock The company paid $1,000 cash to rent office space for April. The company paid $1,440 cash for the premium on...
accounting cycle
MARSHALL COMPANY On April 1, Ralph Marshall opened Marshall Company. The company provides services to a variety of clients. The company was organized as a corporation and has a monthly accounting period. The following transactions occurred during April Apr. 1 Apr. 1 Apr. 1 Marshall invested $20,000 cash in the company in exchange for its common stock. The company paid $1,000 cash to rent office space for April The company paid $1,440 cash for the premium on a...
% P2-31A (similar to) Tony Monson opened a law office on January 1, 2018. During the first month of operations, the business completed the following transactions: Click the icon to view the transactions.) Read the requirements Requirement 3. Prepare the trial balance of Tony Monson, Attorney, at January 31, 2018 Review the ledger accounts for the month of January Tony Monson, Attorney Trial Balance January 31, 2018 Balance Account Title Debit Credit Cash Common Stock 79,000 Office Supplies 1.300 Furniture...
1.
Record each transaction in the journal using the
following account titles: Cash; Accounts Receivable; Office
Supplies; Prepaid Insurance; Land; Furniture; Accounts Payable;
Utilities Payable; Unearned Revenue; Common Stock; Dividends;
Service Revenue; Salaries Expense; Rent Expense; and Utilities
Expense. Explanations are not required.
2.
T-accounts have been opened for each of the accounts.
Post the journal entries to the T-accounts, using transaction
dates as posting references in the ledger accounts. Label the
balance of each account
Bal.
3.
Prepare the...
View Policies Current Attempt in Progress Nancy Jackson opened a law office on July 1, 2020. On July 31, the balance sheet showed Cash $5,200, Accounts Receivable $1,900, Supplies $500, Equipment $6,300, Accounts Payable $4,300, and Owner's Capital $9,600. During August, the following transactions occurred. 1. Collected $1,600 of accounts receivable. 2. Paid $2,800 cash on accounts payable. 3. Recognized revenue of $8,500, of which $3,200 is collected in cash and the balance is due in September. Purchased additional equipment...
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