| Date | General Journal | Debit | Credit |
| Aug,01 | Cash | $ 100,000 | |
| Mr.A ,capital | $ 100,000 | ||
| (To record investment by Mr.A) | |||
| Aug,05 | Supplies - Bikes | $ 50,000 | |
| Accounts payable- XYZ company | $ 50,000 | ||
| ( To record purchase of supplies) | |||
| Aug,07 | Cash | $ 10,000 | |
| Sales revenue | $ 10,000 | ||
| ( To record sales revenue) | |||
| Aug,12 | Furniture | $ 5,000 | |
| Cash | $ 5,000 | ||
| ( To record purchase of furniture) | |||
| Aug,15 | Cash | $ 20,000 | |
| Loan | $ 20,000 | ||
| ( To record loan) | |||
| Aug,20 | Account receivable | $ 15,000 | |
| Sales revenue | $ 15,000 | ||
| ( To record sales on account) | |||
| Aug,25 | Cash | $ 10,000 | |
| Service revenue | $ 10,000 | ||
| (To record service revenue) | |||
| Aug,26 | Accounts payable- XYZ company | $ 20,000 | |
| Cash | $ 20,000 | ||
| (To record payment to XYZ company) | |||
| Aug,28 | Cash | $ 10,000 | |
| Account receivable | $ 10,000 | ||
| ( To record collection of account receivable) | |||
| Aug,31 | Salaries expense | $ 1,500 | |
| Cash | $ 1,500 | ||
| (To record salaries expense) |
Homework Answers
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Date
General Journal
Debit
Credit
Aug,01
Cash
$ 100,000
Mr.A ,capital
$ 100,000
(To record investment...
Cash $100,000 $10,000 $20,000 $10,000 $10,000 $123,500 Aug-12 Aug-26 Aug-31 Aug-01 Aug-07 Aug-15 Aug-25 Aug-28 End....
Cash $100,000 $10,000 $20,000 $10,000 $10,000 $123,500 Aug-12 Aug-26 Aug-31 Aug-01 Aug-07 Aug-15 Aug-25 Aug-28 End. Bal. $5,000 $20,000 1,500 Mr. A, Capital Aug-01 End. Bal. $100,000 $100,000 Aug-05 End. Bal. Supplies - Bikes $50,000 $50,000 Aug-26 Accounts Payable - XYZ Company $20,000 Aug-05 End. Bal. $50,000 $30,000 Sales Revenue Aug-07 Aug-20 Aug-25 End. Bal. $10,000 $15,000 $10,000 $35,000 Aug-12 End. Bal. Furniture $5,000 $5,000 Loan Aug-15 End. Bal. $20,000 $20,000 Accounts Receivable $15,000 Aug-28 $5,000 Aug-20 End. Bal. $10,000...
No Date General Journal Debit Credit 1 January 24 Cash 15,000 60,000 Accounts Receivable Service Revenue...
No Date General Journal Debit Credit 1 January 24 Cash 15,000 60,000 Accounts Receivable Service Revenue 76,000 X 2 March 13 48,000 Cash Accounts Receivable 48,000 May 06 Cash Common Stock June 30 Salaries Expense Cash 5 September 05 Utilities Payable Cash November 24 Cash Deferred Revenue March 13 48,000 Cash Accounts Receivable 48,000 May 06 Cash Common Stock June 30 Salaries Expense Cash September 05 Utilities Payable Cash November 24 Cash Deferred Revenue December 30 Dividends Cash Required information...
Credit $ 2,000 BUSI 1043 INC. Adjusted Trial Balance Asat December 31, 2019 Debit Cash $...
Credit $ 2,000 BUSI 1043 INC. Adjusted Trial Balance Asat December 31, 2019 Debit Cash $ 20,000 Accounts Receivable $ 17,000 Allowance for doubtful accounts Inventory $ 10,000 Prepaid Expenses $ 2,000 Long Term Investments $100,000 Building $300,000 Accumulated Depreciation - Building Equipment $ 75,000 Accumulated Depreciation - Equipment Accounts Payable Salaries Payable Interest Payable Income Tax Payable Unearned Revenue Current portion of bank loan payable Bank loan payable Common Shares Dividends Declared $ 16,000 $ 30,000 $ 15,000 $...
-- BUSI 1043 INC Adjusted Trial Balance As at December 31, 2019 Debit Credit Cash $...
-- BUSI 1043 INC Adjusted Trial Balance As at December 31, 2019 Debit Credit Cash $ 20,000 Accounts Receivable Allowance for doubtful accounts $ 17,000 $ Inventory 2,000 $ 10,000 Prepaid Expenses $ 2,000 Long Term Investments $100,000 Building $300,000 Accumulated Depreciation - Building $ 30,000 Equipment $ 75,000 Accumulated Depreciation - Equipment $ 15,000 Accounts Payable $ 8,000 Salaries Payable $ 3,500 Interest Payable $ 1,500 Income Tax Payable $ 12,000 Unearned Revenue $ 5,000 Current portion of bank...
Date Accounts and Explanation Debit Credit Dec. 1 Cash 27,000 Furniture 11,000 Common Stock 38,000 Date...
Date Accounts and Explanation Debit Credit Dec. 1 Cash 27,000 Furniture 11,000 Common Stock 38,000 Date Accounts and Explanation Debit Credit Dec. 1 Prepaid Insurance 1,600 Cash 1,600 Date Accounts and explanation Debit Credit Dec. 4 Office Supplies 570 Cash 570 Date Accounts and Explanation Debit Credit Dec. 12 Cash 3,000 Service Revenue 3.000 Date Accounts and Explanation Debit Credit Dec. 15 Accounts Receivable 4,500 Service Revenue 4,500 Date Accounts and Explanation Debit Credit Dec. 18 Salaries Expense 2,300 Cash...
RequiementsP2-32 A 1. Record the Aprl transactions in the journal. Use the following accounts: Cash; Accounts...
RequiementsP2-32 A 1. Record the Aprl transactions in the journal. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Land; Furniture; Automobile; Accounts Payable; Unearned Revenue; Merry, Capital; Merry, Withdrawals; Service Revenue; Salaries Expense; and Rent Expense. Include an explanation for each entry 2. Open the four-column ledger accounts listed in the trial balance, together with their balances as of March 31. Use the following account numbers: Cash, 11; Accounts Receivable, 12, Office Supplies, 13, Land, 14; Furniture, 15; Automobile,...
Date Account Debit Credit Jan 1 2013 $ 12,000 Prepaid Rent Cash (To record payment of...
Date Account Debit Credit Jan 1 2013 $ 12,000 Prepaid Rent Cash (To record payment of insurance) $ 12,000 Jan 4 2013 $ 1.900 Cash Service Revenue (To record service revenue) $ 1,900 Jan 9 2013 $ 850 Advertising Expense Cash (To record advertising expense payment) $ 850 Jan 10 2013 $ 75 Office Supplies Expense Cash To record purchase of office supplies) $ 75 $ 2,725 Jan 14 2013 Cash Service Revenue (To record service revenue) $ 2.725 Jan...
General Journal Debit Credit No 1 Date Jan 01, 2018 4,400 Cash Sales revenue 4,400 TOL...
General Journal Debit Credit No 1 Date Jan 01, 2018 4,400 Cash Sales revenue 4,400 TOL 2 | Jan 01, 2018 2,900 Cost of goods sold Inventory 2,900 3 Jan 02, 2018 6,400 Equipment Accounts payable 6,400 1 4 | Jan 04, 2018 150 Advertising expense Accounts payable 150 T L 5 | Jan 08, 2018 5,900 Accounts receivable Sales revenue 5,900 Jan 08, 2018 3,700 Cost of goods sold Inventory 3,700 7 Jan 10, 2018 9,950 Inventory Accounts payable...
Selected transactions from the journal of June Feldman, investment broker, are presented below. Ref. Credit Date...
Selected transactions from the journal of June Feldman, investment broker, are presented below. Ref. Credit Date Aug. 1 Debit 5,750 Account Titles and Explanation Cash Owner's Capital (Owner's investment of cash in business) Cash 5,750 10 2,990 Service Revenue 2.990 12 5,750 2,645 3,105 25 (Received cash for services performed) Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) Accounts Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) 1,955 1,955...
Please help!! Accounting Help!! The general ledger of the Karlin Company, a consulting company, at January...
Please help!! Accounting Help!!
The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Credits Debits 30,000 15,000 20,000 Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 6,000 9,000 40,500 9,500 65,000 65,000 The following is a summary of the transactions for the year: a. Service revenue, $100,000, of which $30,000 was on account and the balance was received in cash. b. Collected on...
Cash $100,000 $10,000 $20,000 $10,000 $10,000 $123,500 Aug-12 Aug-26 Aug-31 Aug-01 Aug-07 Aug-15 Aug-25 Aug-28 End. Bal. $5,000 $20,000 1,500 Mr. A, Capital Aug-01 End. Bal. $100,000 $100,000 Aug-05 End. Bal. Supplies - Bikes $50,000 $50,000 Aug-26 Accounts Payable - XYZ Company $20,000 Aug-05 End. Bal. $50,000 $30,000 Sales Revenue Aug-07 Aug-20 Aug-25 End. Bal. $10,000 $15,000 $10,000 $35,000 Aug-12 End. Bal. Furniture $5,000 $5,000 Loan Aug-15 End. Bal. $20,000 $20,000 Accounts Receivable $15,000 Aug-28 $5,000 Aug-20 End. Bal. $10,000...
No Date General Journal Debit Credit 1 January 24 Cash 15,000 60,000 Accounts Receivable Service Revenue 76,000 X 2 March 13 48,000 Cash Accounts Receivable 48,000 May 06 Cash Common Stock June 30 Salaries Expense Cash 5 September 05 Utilities Payable Cash November 24 Cash Deferred Revenue March 13 48,000 Cash Accounts Receivable 48,000 May 06 Cash Common Stock June 30 Salaries Expense Cash September 05 Utilities Payable Cash November 24 Cash Deferred Revenue December 30 Dividends Cash Required information...
Credit $ 2,000 BUSI 1043 INC. Adjusted Trial Balance Asat December 31, 2019 Debit Cash $ 20,000 Accounts Receivable $ 17,000 Allowance for doubtful accounts Inventory $ 10,000 Prepaid Expenses $ 2,000 Long Term Investments $100,000 Building $300,000 Accumulated Depreciation - Building Equipment $ 75,000 Accumulated Depreciation - Equipment Accounts Payable Salaries Payable Interest Payable Income Tax Payable Unearned Revenue Current portion of bank loan payable Bank loan payable Common Shares Dividends Declared $ 16,000 $ 30,000 $ 15,000 $...
-- BUSI 1043 INC Adjusted Trial Balance As at December 31, 2019 Debit Credit Cash $ 20,000 Accounts Receivable Allowance for doubtful accounts $ 17,000 $ Inventory 2,000 $ 10,000 Prepaid Expenses $ 2,000 Long Term Investments $100,000 Building $300,000 Accumulated Depreciation - Building $ 30,000 Equipment $ 75,000 Accumulated Depreciation - Equipment $ 15,000 Accounts Payable $ 8,000 Salaries Payable $ 3,500 Interest Payable $ 1,500 Income Tax Payable $ 12,000 Unearned Revenue $ 5,000 Current portion of bank...
Date Accounts and Explanation Debit Credit Dec. 1 Cash 27,000 Furniture 11,000 Common Stock 38,000 Date Accounts and Explanation Debit Credit Dec. 1 Prepaid Insurance 1,600 Cash 1,600 Date Accounts and explanation Debit Credit Dec. 4 Office Supplies 570 Cash 570 Date Accounts and Explanation Debit Credit Dec. 12 Cash 3,000 Service Revenue 3.000 Date Accounts and Explanation Debit Credit Dec. 15 Accounts Receivable 4,500 Service Revenue 4,500 Date Accounts and Explanation Debit Credit Dec. 18 Salaries Expense 2,300 Cash...
RequiementsP2-32 A 1. Record the Aprl transactions in the journal. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Land; Furniture; Automobile; Accounts Payable; Unearned Revenue; Merry, Capital; Merry, Withdrawals; Service Revenue; Salaries Expense; and Rent Expense. Include an explanation for each entry 2. Open the four-column ledger accounts listed in the trial balance, together with their balances as of March 31. Use the following account numbers: Cash, 11; Accounts Receivable, 12, Office Supplies, 13, Land, 14; Furniture, 15; Automobile,...
Date Account Debit Credit Jan 1 2013 $ 12,000 Prepaid Rent Cash (To record payment of insurance) $ 12,000 Jan 4 2013 $ 1.900 Cash Service Revenue (To record service revenue) $ 1,900 Jan 9 2013 $ 850 Advertising Expense Cash (To record advertising expense payment) $ 850 Jan 10 2013 $ 75 Office Supplies Expense Cash To record purchase of office supplies) $ 75 $ 2,725 Jan 14 2013 Cash Service Revenue (To record service revenue) $ 2.725 Jan...
General Journal Debit Credit No 1 Date Jan 01, 2018 4,400 Cash Sales revenue 4,400 TOL 2 | Jan 01, 2018 2,900 Cost of goods sold Inventory 2,900 3 Jan 02, 2018 6,400 Equipment Accounts payable 6,400 1 4 | Jan 04, 2018 150 Advertising expense Accounts payable 150 T L 5 | Jan 08, 2018 5,900 Accounts receivable Sales revenue 5,900 Jan 08, 2018 3,700 Cost of goods sold Inventory 3,700 7 Jan 10, 2018 9,950 Inventory Accounts payable...
Selected transactions from the journal of June Feldman, investment broker, are presented below. Ref. Credit Date Aug. 1 Debit 5,750 Account Titles and Explanation Cash Owner's Capital (Owner's investment of cash in business) Cash 5,750 10 2,990 Service Revenue 2.990 12 5,750 2,645 3,105 25 (Received cash for services performed) Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) Accounts Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) 1,955 1,955...
Please help!! Accounting Help!!
The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Credits Debits 30,000 15,000 20,000 Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 6,000 9,000 40,500 9,500 65,000 65,000 The following is a summary of the transactions for the year: a. Service revenue, $100,000, of which $30,000 was on account and the balance was received in cash. b. Collected on...
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