Homework Answers
| Date | General Journal | Debit | Credit |
| $ | $ | ||
| Sept 1 | Cash | 9,320 | |
| G. Rodewald, Capital | 9,320 | ||
| 2 | Rent Expense | 600 | |
| Cash | 600 | ||
| 2 | Prepaid Insurance | 600 | |
| Cash | 600 | ||
| 5 | Equipment | 2,570 | |
| Accounts Payable | 2,570 | ||
| 7 | Advertising Expense | 460 | |
| Cash | 460 | ||
| 13 | Cash | 510 | |
| Service Revenue | 510 | ||
| 21 | Accounts Receivable | 680 | |
| Service Revenue | 680 | ||
| 24 | Cash | 450 | |
| Accounts Receivable | 450 | ||
| 28 | Utilities Expense | 190 | |
| Cash | 190 | ||
| 29 | Accounts Payable | 1,480 | |
| Cash | 1,480 | ||
| 30 | Cash | 785 | |
| Unearned Revenue | 785 | ||
| 30 | Cash | 955 | |
| Service Revenue | 955 | ||
| 30 | G. Rodewald, Drawings | 1,280 | |
| Cash | 1,280 |
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24 Collected from the lens for the beneathew 7 Paul Problem 2-OSA Grete Rodewald formed a...
Grete Rodewald formed a dog grooming and training business called Grete Kanines on September 1, 2021....
Grete Rodewald formed a dog grooming and training business
called Grete Kanines on September 1, 2021. After consulting with a
friend who had taken introductory accounting, Grete created a chart
of accounts for the business as follows: No. 101 Cash; No. 112
Accounts Receivable; No. 130 Prepaid Insurance; No. 151 Equipment;
No. 201 Accounts Payable; No. 209 Unearned Revenue; No. 301 G.
Rodewald, Capital; No. 306 G. Rodewald, Drawings; No. 400 Service
Revenue; No. 610 Advertising Expense; No. 726 Rent...
QUESTION ASSETS Transactions Accounts Oct. 1 Received cash from owner as an investment. $9,000. 2 Paid...
QUESTION ASSETS Transactions Accounts Oct. 1 Received cash from owner as an investment. $9,000. 2 Paid cash for supplies, $1,400 3 Bought supplies on account from Emmer Supplies, $370. 4 Received cash from sales, $1,800 8 Paid cash on account to Emmer Supplies, $150. 10 Paid cash to owner for personal use, $600. 11 Sold services on account to Tom Dayton, $300 11 Paid cash for insurance, 5600 15 Received cash on account from Tom Dayton, $250. 16 Paid cash...
On August 31, the balance sheet of Bridgeport Veterinary Clinic showed Cash $12,000, Accounts Receivable $4,700,...
On August 31, the balance sheet of Bridgeport Veterinary Clinic showed Cash $12,000, Accounts Receivable $4,700, Supplies $ 600, Equipment $6,000, Accounts Payable $6,600, Common Stock $15,950, and Retained Earnings $750. During September, the following transactions occurred. 1. 2. 3. 4. 5. 6. 7. 8. Paid $3,300 cash for accounts payable due. Collected $1,350 of accounts receivable. Purchased additional equipment for $1,250, paying $900 in cash and the balance on account. Performed services worth $8,600, of which $2,400 is collected...
QUESTION 2 Record the following selected transactions for October as journal entries for Sam Co.: Jan....
QUESTION 2 Record the following selected transactions for October as journal entries for Sam Co.: Jan. 1 auw Received cash from the investment made by Sam, $10,000. Received cash for fees earned from completing jobs, $9,500. Billed customers on account for providing services, $6,500. Paid rent expense, $600. Received cash from customers on account, $2,500. Sam, the owner, withdrew $1,000 for his own personal use. Paid $900 on an account payable. Paid telephone bill, $300 Date Description Post. Ref. Debit...
VERSION 2 PROBLEM (70 POINTS) In February, ABC Flooring had the following transactions: 20XX February |...
VERSION 2 PROBLEM (70 POINTS) In February, ABC Flooring had the following transactions: 20XX February | The owner Tom Perry invested $30,000 in his new business 4 He purchased machinery Equipment for cash $2,500. 5 Purchased supplies on account for $400. 6 Purchased a Truck for the business for cash $10,000 7 Provided services to customers and collected $4,000. 10 Paid employees salaries for the week, $1,000. 11 Tom Perry paid her personal home utility bill from the company checkbook,...
Problem 3-OSA Bindy Crawford created a corporation providing legal services, Marin Inc., on July 1, 2022....
Problem 3-OSA Bindy Crawford created a corporation providing legal services, Marin Inc., on July 1, 2022. On July 31 the balance sheet showed: Cash $5,300; Accounts Receivable $6,900; Supplies 5730; Lquipment $9,300; Accounts Payable $6.500; Common Stock $11,900; and Retained Earnings $1,830. During August the following transactions occurred. Aug. 1 Collected sl, 150 of accounts receivable due from customers 4 Pald $2.710 cash for accounts payable due. 9 Performed services worth $3,360, of which $3,580 is collected in cash and...
Izabela Ivanhoe opened a medical office under the name Izabela Ivanhoe, MD, on August 1, 2021....
Izabela Ivanhoe opened a medical office under the name Izabela Ivanhoe, MD, on August 1, 2021. On August 31, the balance sheet showed Cash $2,300; Accounts Receivable $2.500: Supplies $488: Equipment $7.000: Accounts Payable $4,270; Note Payable $2,300; and I. Ivanhoe, Capital, 55,718. During September, the following transactions occurred: Sept. 4 Collected $950 of accounts receivable. 5 Provided services of $10.372 of which $7,000 was collected from patients and the remainder was on account. 7 Paid $1,200 on accounts payable....
Kinldy solve the P1-2A problem of Tabular Analysis. (Kindly do it without Debit or Credit column....
Kinldy solve the P1-2A problem of Tabular Analysis.
(Kindly do it without Debit or Credit column. The necessary columns
are given in the INSTRUCTIONS (a). Regards.
10. Provided repair service on account to customers $750. 11. Collected cash of $120 for services billed in transaction (10). Instructions (a) Prepare a tabular analysis of the transactions, using the following column headings: Cash. (a) Total Accounts Receivable, Supplies, Equipment, Accounts Payable, N. Barone, Capital; N. Barone, Drawings; Revenues, and Expenses. (b) From...
The following transactions occurred during January, the first month of operations for Aly Services, Inc. (ASI):...
The following transactions occurred during January, the first
month of operations for Aly Services, Inc. (ASI):
a. Toby and Aly incorporate ASI, and each owner contributes $10,000 cash $20,000 total) to the new corporation. The corporation issues stock to Toby and Aly b. ASI Borrows $5,000 cash from a local bank using a one-year note c. ASI pays $10,000 cash to buy a truck d. ASI purchases $400 worth of grooming supplies (shampoos, etc.) on account. The company receives a...
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...
Grete Rodewald formed a dog grooming and training business
called Grete Kanines on September 1, 2021. After consulting with a
friend who had taken introductory accounting, Grete created a chart
of accounts for the business as follows: No. 101 Cash; No. 112
Accounts Receivable; No. 130 Prepaid Insurance; No. 151 Equipment;
No. 201 Accounts Payable; No. 209 Unearned Revenue; No. 301 G.
Rodewald, Capital; No. 306 G. Rodewald, Drawings; No. 400 Service
Revenue; No. 610 Advertising Expense; No. 726 Rent...
QUESTION ASSETS Transactions Accounts Oct. 1 Received cash from owner as an investment. $9,000. 2 Paid cash for supplies, $1,400 3 Bought supplies on account from Emmer Supplies, $370. 4 Received cash from sales, $1,800 8 Paid cash on account to Emmer Supplies, $150. 10 Paid cash to owner for personal use, $600. 11 Sold services on account to Tom Dayton, $300 11 Paid cash for insurance, 5600 15 Received cash on account from Tom Dayton, $250. 16 Paid cash...
On August 31, the balance sheet of Bridgeport Veterinary Clinic showed Cash $12,000, Accounts Receivable $4,700, Supplies $ 600, Equipment $6,000, Accounts Payable $6,600, Common Stock $15,950, and Retained Earnings $750. During September, the following transactions occurred. 1. 2. 3. 4. 5. 6. 7. 8. Paid $3,300 cash for accounts payable due. Collected $1,350 of accounts receivable. Purchased additional equipment for $1,250, paying $900 in cash and the balance on account. Performed services worth $8,600, of which $2,400 is collected...
QUESTION 2 Record the following selected transactions for October as journal entries for Sam Co.: Jan. 1 auw Received cash from the investment made by Sam, $10,000. Received cash for fees earned from completing jobs, $9,500. Billed customers on account for providing services, $6,500. Paid rent expense, $600. Received cash from customers on account, $2,500. Sam, the owner, withdrew $1,000 for his own personal use. Paid $900 on an account payable. Paid telephone bill, $300 Date Description Post. Ref. Debit...
VERSION 2 PROBLEM (70 POINTS) In February, ABC Flooring had the following transactions: 20XX February | The owner Tom Perry invested $30,000 in his new business 4 He purchased machinery Equipment for cash $2,500. 5 Purchased supplies on account for $400. 6 Purchased a Truck for the business for cash $10,000 7 Provided services to customers and collected $4,000. 10 Paid employees salaries for the week, $1,000. 11 Tom Perry paid her personal home utility bill from the company checkbook,...
Problem 3-OSA Bindy Crawford created a corporation providing legal services, Marin Inc., on July 1, 2022. On July 31 the balance sheet showed: Cash $5,300; Accounts Receivable $6,900; Supplies 5730; Lquipment $9,300; Accounts Payable $6.500; Common Stock $11,900; and Retained Earnings $1,830. During August the following transactions occurred. Aug. 1 Collected sl, 150 of accounts receivable due from customers 4 Pald $2.710 cash for accounts payable due. 9 Performed services worth $3,360, of which $3,580 is collected in cash and...
Izabela Ivanhoe opened a medical office under the name Izabela Ivanhoe, MD, on August 1, 2021. On August 31, the balance sheet showed Cash $2,300; Accounts Receivable $2.500: Supplies $488: Equipment $7.000: Accounts Payable $4,270; Note Payable $2,300; and I. Ivanhoe, Capital, 55,718. During September, the following transactions occurred: Sept. 4 Collected $950 of accounts receivable. 5 Provided services of $10.372 of which $7,000 was collected from patients and the remainder was on account. 7 Paid $1,200 on accounts payable....
Kinldy solve the P1-2A problem of Tabular Analysis.
(Kindly do it without Debit or Credit column. The necessary columns
are given in the INSTRUCTIONS (a). Regards.
10. Provided repair service on account to customers $750. 11. Collected cash of $120 for services billed in transaction (10). Instructions (a) Prepare a tabular analysis of the transactions, using the following column headings: Cash. (a) Total Accounts Receivable, Supplies, Equipment, Accounts Payable, N. Barone, Capital; N. Barone, Drawings; Revenues, and Expenses. (b) From...
The following transactions occurred during January, the first
month of operations for Aly Services, Inc. (ASI):
a. Toby and Aly incorporate ASI, and each owner contributes $10,000 cash $20,000 total) to the new corporation. The corporation issues stock to Toby and Aly b. ASI Borrows $5,000 cash from a local bank using a one-year note c. ASI pays $10,000 cash to buy a truck d. ASI purchases $400 worth of grooming supplies (shampoos, etc.) on account. The company receives a...
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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