Homework Answers
| Account | Debit | Credit | |
| 11 | Cash | $ 2,000.00 | |
| Capital | $ 2,000.00 | ||
| 12 | Office Supplies | $ 300.00 | |
| Cash | $ 300.00 | ||
| 13 | Office Furniture | $ 500.00 | |
| Accounts Payable | $ 500.00 | ||
| 14 | Accounts Payable | $ 400.00 | |
| Cash | $ 400.00 | ||
| 15 | Cash | $ 1,000.00 | |
| Serivce Revenue | $ 1,000.00 | ||
| 16 | Accounts Receivable | $ 800.00 | |
| Serivce Revenue | $ 800.00 | ||
| 17 | Cash | $ 500.00 | |
| Accounts Receivable | $ 500.00 | ||
| 18 | Drawings | $ 400.00 | |
| Cash | $ 400.00 | ||
| 19 | Vehicle | $ 30,000.00 | |
| Cash | $ 5,000.00 | ||
| Notes Payable | $ 25,000.00 | ||
| 20 | Office Supplies Expenses | $ 100.00 | |
| Office Supplies | $ 100.00 |
Add Answer to:
11. Tom Jones invested S 2,000 cash in his coffee shop. Record the journal entry (4...
20. Tom Jones started the coffee shop business with $ 300 of office supplies. He has...
20. Tom Jones started the coffee shop business with $ 300 of office supplies. He has $ 200 of office supplies left at the end of the month. Record the entry for the office supplies used during the month (6 points). 21. Account Debit Credit 22. Calculate the balance in the cash account (4 points). Cash Debit Credit 400 200 600 300 23.Complete the trial balance (5 points). Cash 500 Accounts Payable 100 Capital 300 Drawi 200 Revenue Rent Expense...
1. Sara Smith invested $10,000 cash into her restaurant. Would the increase in cash be entered...
1. Sara Smith invested $10,000 cash into her restaurant. Would the increase in cash be entered into the accounting records as a debit or credit? 2. Pete Willis purchased land costing $ 50,000 for his pizza shop. Would the increase in land be entered into the accounting records as a debit or credit? 3. Ralf Sails purchased $ 300 of supplies for his coffee shop. Would the increase in supplies be entered into the accounting records as a debit or...
Requirement 1. Record the AprilApril transactions in the journal. Include an explanation for each entry. (Record...
Requirement 1. Record the
AprilApril
transactions in the journal. Include an explanation for each
entry. (Record debits first, then credits. Select the explanations
on the last line of the journal entry table. Check your spelling
carefully and do not abbreviate. When applicable, use only the
account names provided in the trial balance.)
Apr.Apr.
Requirement 1. Record the April transactions in the journal. Include an explanation for each entry. (Record debits first, then credits. Select the explanations on the last line...
having trouble completing with journal entry. Journal entry worksheet 1 2 3 4 Record the rectification...
having trouble completing with journal entry.
Journal entry worksheet 1 2 3 4 Record the rectification entry for purchasing file cabinet and office supplies, check 1918. Note: Enter debits before credits. Date General Journal Debit Credit Apr 30, 20X1 Accounts payable 9.440 GENERAL JOURNAL PAGE 3 Post. Ref. Debit Credit Date Description 20X1 April1 Accounts Payable Fees Income Performed services on credit 12,800 12,800 660 2 Cash Telephone Expense Paid for March telephone service, Check 1917 660 nces 3 Office...
Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry...
Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26,000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5,900 cash. (e) Purchased $1,700 of supplies on account....
Record the following transactions, (If no entry is required for a transaction/event, select "No Journal Entry...
Record the following transactions, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26.000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5.900 cash. (e) Purchased $1700 of supplies on account....
eneral Journal Entries (30 points) 2. Gen al journal entries to record these transactions. Larry Matt...
eneral Journal Entries (30 points) 2. Gen al journal entries to record these transactions. Larry Matt completed these during December of the current year: are general jou sactions during Dec Regan a financial services practice by investing $15,000 cash and office equipment having a $5,000 value. Purchased $1,200 of office equipment on credit Purchased $300 of office supplies on credit Completed work for a client and immediately received a payment of $900 cash Completed work for Precept Paper Co. on...
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,...
. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable; Office...
. 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. Check your spelling carefully and do not
abbreviate. When applicable, use only the account names provided in
the problem statement.)
Requirement 1. Record each transaction in...
Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry...
Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26.000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5.900 cash. (e) Purchased $1,700 of supplies on account....
20. Tom Jones started the coffee shop business with $ 300 of office supplies. He has $ 200 of office supplies left at the end of the month. Record the entry for the office supplies used during the month (6 points). 21. Account Debit Credit 22. Calculate the balance in the cash account (4 points). Cash Debit Credit 400 200 600 300 23.Complete the trial balance (5 points). Cash 500 Accounts Payable 100 Capital 300 Drawi 200 Revenue Rent Expense...
1. Sara Smith invested $10,000 cash into her restaurant. Would the increase in cash be entered into the accounting records as a debit or credit? 2. Pete Willis purchased land costing $ 50,000 for his pizza shop. Would the increase in land be entered into the accounting records as a debit or credit? 3. Ralf Sails purchased $ 300 of supplies for his coffee shop. Would the increase in supplies be entered into the accounting records as a debit or...
Requirement 1. Record the
AprilApril
transactions in the journal. Include an explanation for each
entry. (Record debits first, then credits. Select the explanations
on the last line of the journal entry table. Check your spelling
carefully and do not abbreviate. When applicable, use only the
account names provided in the trial balance.)
Apr.Apr.
Requirement 1. Record the April transactions in the journal. Include an explanation for each entry. (Record debits first, then credits. Select the explanations on the last line...
having trouble completing with journal entry.
Journal entry worksheet 1 2 3 4 Record the rectification entry for purchasing file cabinet and office supplies, check 1918. Note: Enter debits before credits. Date General Journal Debit Credit Apr 30, 20X1 Accounts payable 9.440 GENERAL JOURNAL PAGE 3 Post. Ref. Debit Credit Date Description 20X1 April1 Accounts Payable Fees Income Performed services on credit 12,800 12,800 660 2 Cash Telephone Expense Paid for March telephone service, Check 1917 660 nces 3 Office...
Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26,000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5,900 cash. (e) Purchased $1,700 of supplies on account....
Record the following transactions, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26.000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5.900 cash. (e) Purchased $1700 of supplies on account....
eneral Journal Entries (30 points) 2. Gen al journal entries to record these transactions. Larry Matt completed these during December of the current year: are general jou sactions during Dec Regan a financial services practice by investing $15,000 cash and office equipment having a $5,000 value. Purchased $1,200 of office equipment on credit Purchased $300 of office supplies on credit Completed work for a client and immediately received a payment of $900 cash Completed work for Precept Paper Co. on...
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,...
. 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. Check your spelling carefully and do not
abbreviate. When applicable, use only the account names provided in
the problem statement.)
Requirement 1. Record each transaction in...
Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26.000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5.900 cash. (e) Purchased $1,700 of supplies on account....
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