JOURNAL | |||
Date | Particulars | Debit | Credit |
1-Jan | Prepaid insurance | 6000 | |
Cash | 6000 | ||
(For payment of insurance premium) | |||
2-Jan | Prepaid rent | 4800 | |
Cash | 4800 | ||
(For payment of rent) | |||
3-Jan | Cash | 30000 | |
5% note payable | 30000 | ||
(Borrowing made) | |||
4-Jan | Delivery van | 28800 | |
Cash | 28800 | ||
(For purchase of delivery van) | |||
5-Jan | Cash | 4000 | |
Common stock | 4000 | ||
(common stock issued) | |||
6-Jan | Supplies | 1400 | |
Accounts payable | 1400 | ||
(For purchase of supplies) | |||
7-Jan | Cash | 700 | |
Accounts receivable | 700 | ||
(for cash collection) |
Date | Particulars | Debit | Credit |
8-Jan | Accounts payable | 300 | |
Cash | 300 | ||
(for payment) | |||
9-Jan | Accounts receivable | 10600 | |
Service revenue | 10600 | ||
(revenue generated) | |||
10-Jan | Cash | 7400 | |
Accounts receivable | 7400 | ||
(revenue generated) | |||
16-Jan | Salaries expense | 2960 | |
Cash | 2960 | ||
(for payment of salaries | |||
20-Jan | Cash | 3700 | |
Deferred revenue | 3700 | ||
advance received) | |||
25-Jan | Cash | 3500 | |
Accounts receivable | 3500 | ||
(cash collected) |
Check my Required information C4-6 Recording/Posting Transactions and Adjustments, and Preparing Trial Balances and Financial Statements-Requires...
Required information C4-6 Recording/Posting Transactions and Adjustments, and Preparing Trial Balances and Financial Statements-Requires Calculating Depreciation and Interest (Chapters 2, 3, and 4) [LO 2-3, LO 3-3, LO 4- 2. LO 4-4) Fast Deliveries, Inc. (FDI), was organized in December last year and had limited activity last year. The resulting balance sheet at the beginning of the current year is provided below. Assets: Cash Accounts Receivable Supplies $12,600 600 720 FAST DELIVERIES, INC. Balance Sheet at January 1 Liabilities: Accounts...
Required information C4-6 Recording/Posting Transactions and Adjustments, and Preparing Trial Balances and Financial Statements-Requires Calculating Depreciation and Interest (Chapters 2, 3, and 4) (LO 2-3, LO 3-3, LO 4- 2, LO 4-4] Fast Deliveries, Inc. (FDI), was organized in December last year and had limited activity last year. The resulting balance sheet at the beginning of the current year is provided below: FAST DELIVERIES, INC. Balance Sheet at January 1 Assets: Liabilities: Cash $12,600 Accounts Payable $ 700 Accounts Receivable...
Required information C4-6 Recording/Posting Transactions and Adjustments, and Preparing Trial Balances and Financial Statements-Requires Calculating Depreciation and Interest (Chapters 2, 3, and 4) (LO 2-3, LO 3-3, LO 4- 2, LO 4-4) Fast Deliveries, Inc. (FDI), was organized in December last year and had limited activity last year. The resulting balance sheet at the beginning of the current year is provided below: FAST DELIVERIES, INC. Balance Sheet at January 1 Assets: Liabilities: Cash $12,600 Accounts Payable Accounts Receivable 600 Stockholders'...
Adjusting journal
C4-6 Recording/Posting Transactions and Adjustments, and Preparing Trial Balances and Financial Statements-Requires Calculating Depreciation and Interest (Chapters 2, 3, and 4) (LO 2-3, LO 3-3, LO 4- 2, LO 4-4) Fast Deliveries, Inc. (FDI), was organized in December last year and had limited activity last year. The resulting balance sheet at the beginning of the current year is provided below: FAST DELIVERIES, INC. Balance Sheet at January 1 Assets: Liabilities: Cash $10,500 Accounts Payable $ 400 Accounts Receivable...
! Required information C4-6 Recording/Posting Transactions and Adjustments, and Preparing Trial Balances and Financial Statements-Requires Calculating Depreciation and Interest (Chapters 2, 3, and 4) [LO 2-3, LO 3-3, LO 4- 2, LO 4-4) Fast Deliveries, Inc. (FDI), was organized in December last year and had limited activity last year. The resulting balance sheet at the beginning of the current year is provided below: FAST DELIVERIES, INC. Balance Sheet at January Liabilities: $11,000 Accounts Payable Accounts Receivable 820 Stockholders' Equity: Supplies...
Required information C4-6 Recording/Posting Transactions and Adjustments, and Preparing Trial Balances and Financial Statements-Requires Calculating Depreciation and Interest (Chapters 2, 3, and 4) [LO 2-3, LO 3-3, LO 4. 2, LO 4-4) Fast Deliveries, Inc. (FDI), was organized in December last year and had limited activity last year. The resulting balance sheet at the beginning of the current year is provided below. $ 700 Assets: Cash Accounts Receivable Supplies $12,600 600 720 FAST DELIVERIES, INC. Balance Sheet at January 1...
Required information C4-6 Recording/Posting Transactions and Adjustments, and Preparing Trial Balances and Financial Statements-Requires Calculating Depreciation and Interest (Chapters 2, 3, and 4) (LO 2-3, LO 3-3, LO 4- 2, LO 4.4) Fast Deliveries, Inc. (FDI), was organized in December last year and had limited activity last year. The resulting balance sheet at the beginning of the current year is provided below: Assets: Cash Accounts Receivable Supplies FAST DELIVERIES, INC. Balance Sheet at January 1 Liabilities: Accounts Payable Stockholders' Equity!...
RECORD ALL ADJUST ENTRIES
C4-6 Recording/Posting Transactions and Adjustments, and Preparing Trial Balances and Financial Statements-Requires Calculating Depreciation and Interest (Chapters 2, 3, and 4) (LO 2-3, LO 3-3, LO 4- 2, LO 4-4) Fast Deliveries, Inc. (FDI), was organized in December last year and had limited activity last year. The resulting balance sheet at the beginning of the current year is provided below: $ 700 Assets: Cash Accounts Receivable Supplies $11,600 880 370 FAST DELIVERIES, INC. Balance Sheet at...
Required Information C4-6 Recording/Posting Transactions and Adjustments, and Preparing Trial Balances and Financial Statements-Requires Calculating Depreciation and Interest (Chapters 2, 3, and 4) [LO 2-3, LO 3-3, LO 4 2, LO 4-4] Fast Deliveries, Inc. (FDI), was organized in December last year and had limited activity last year. The resulting balance sheet at the beginning of the current year is provided below. Assets see Accounts Receivable Supplies $11.700 620 410 FAST DELIVERIES, INC. Balance Sheet at January 1 Liabilities: Accounts...
5 Required information C4-6 Recording/Posting Transactions and Adjustments, and Preparing Trial Balances and Financial Statements-Requires Calculating Depreciation and Interest (Chapters 2, 3, and 4) (LO 2-3, LO 3-3, LO 4- 2, LO 4.4) Fast Deliveries, Inc. (FDI), was organized in December last year and had limited activity last year. The resulting balance sheet at the beginning of the current year is provided below. FAST DELIVERIES, THC. Balance Sheet at January 1 Assets Liabilities: Cash $10,900 Accounts Payable $ 500 Accounts...