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Sun Devil Hair Design has the following transactions during the month of February. February 2 Pay...
Sun Devil Hair Design has the following transactions during the month of February.
Sun Devil Hair Design has the following transactions during the month of February.February 2 Pay $630 for radio advertising for February.February 7 Purchase beauty supplies of $1,230 on account.February 28 Pay utility bill for the current month of $238.Required:Record each transaction. Sun Devil uses the following accounts: Cash, Accounts Receivable, Supplies, Accounts Payable. Service Revenue, Advertising Expense, Salaries Expense, and Utilities Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.)
A company has the following transactions during the month of February February 2 Pay $670 for...
A company has the following transactions during the month of February February 2 Pay $670 for radio advertising for February. February 7 Purchase beauty supplies of $1,270 on account. February 14 Provide beauty services of $2,750 to customers and receive cash. February 15 Pay employee salaries for the current month of $870. February 25 Provide beauty services of $970 to customers on account. February 28 Pay utility bill for the current month of $270. Required: Record each transaction. The company...
Terrapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for...
Terrapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $23.900. 2. Provide services to customers and receive cash of $4,700. 3. Pay the current month's rent of $1,100. 4. Purchase office supplies on account for $1.200. 5. Pay employee salaries of $1,500 for the current month. Required: Record the transactions. Terrapin uses the following accounts: Cash, Supplies, Equipment, Accounts Payable. Service Revenue, Rent Expense, and Salaries Expense. (If no entry is...
Arthur Industries entered into the following transactions during the month of June. A Purchased supplies for...
Arthur Industries entered into the following transactions during the month of June. A Purchased supplies for $4200 cash. B. Paid $4,380 for salaries and wages for the month of June. C. Paid $440 in advance for July rent. D. Provided $12,600 in services on account. E Paid $500 on accounts payable. F. Received $290 from customers as deposits for future services. G. Received a bill for $440 from the plumber who repaired a broken pipe in the restrooms, but will...
Terrapin Company engages in the following external transactions for November Save & Exit 1. Purchase equipment...
Terrapin Company engages in the following external transactions for November Save & Exit 1. Purchase equipment in exchange for cash of $21,200. 2. Provide services to customers and receive cash of $4.900. 3. Pay the current month's rent of $1.500. 4. Purchase office supplies on account for $1,000. 5. Pay employee salaries of $1,300 for the current month Required: Record the transactions. Terrapin uses the following accounts: Cash Supplies. Equipment Accounts Payable. Service Revenue, Reel Expense, and Salaries Expense. Of...
Required information The following information applies to the questions displayed below.) The following transactions occur for...
Required information The following information applies to the questions displayed below.) The following transactions occur for the Wolfpack Shoe Company during the month of June: a. Provide services to customers for $21,000 and receive cash b. Purchase office supplies on account for $11,000. c. Pay $5,200 in salaries to employees for work performed during the month. 2. Record the transactions. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View...
Ember Landscaping Services Ltd. completed the following transactions during July 2019, its first month of operations:...
Ember Landscaping Services Ltd. completed the following transactions during July 2019, its first month of operations: July 1 Received cash of $100,000 and issued common shares. 2 Purchased equipment for $70,000 cash. 3 Purchased supplies on account, $800. 10 Performed landscaping services for customers on account, $7,900. 14 Paid $500 on accounts payable. 18 Collected cash from customers on account, $5,000. 23 Paid utilities expense, $300. 25 Performed landscaping services for customers and received cash of $2,500. 30 Paid the...
Instructions Following is a list of transactions entered into during the first month of operations of...
Instructions Following is a list of transactions entered into during the first month of operations of Gardener Corporation, a new landscape service. April Transactions: April 1 Articles of incorporation are filed with the state, and 100,000 shares of common stock are issued for $100,000 in cash. 4 A six-month promissory note is signed at the bank. Interest at 9% per annum will be repaid in six months along with the principal amount of the loan of $50,000. 8 Land and...
Required information [The following information applies to the questions displayed below.] Below are several transactions for...
Required information [The following information applies to the questions displayed below.] Below are several transactions for Crimson Tide Corporation. A junior accountant, recently employed by the company, proposes to record the following transactions. External Transaction Accounts Debit Credit Pay cash dividends of $770 to stockholders. Cash 1. 770 Dividends 770 Provide services on account for customers, $3,100. 2. Cash Service Revenue 3,100 3,100 Pay a $470 utilities bill for the current period. Utilities Expense Cash 3. 470 470 370 Receive...
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 $22,000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $520 per month and paid six months' rent in advance. (d) Purchased equipment for $5,200 cash. (e) Purchased $2,200 of supplies on account....
A company has the following transactions during the month of February February 2 Pay $670 for radio advertising for February. February 7 Purchase beauty supplies of $1,270 on account. February 14 Provide beauty services of $2,750 to customers and receive cash. February 15 Pay employee salaries for the current month of $870. February 25 Provide beauty services of $970 to customers on account. February 28 Pay utility bill for the current month of $270. Required: Record each transaction. The company...
Terrapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $23.900. 2. Provide services to customers and receive cash of $4,700. 3. Pay the current month's rent of $1,100. 4. Purchase office supplies on account for $1.200. 5. Pay employee salaries of $1,500 for the current month. Required: Record the transactions. Terrapin uses the following accounts: Cash, Supplies, Equipment, Accounts Payable. Service Revenue, Rent Expense, and Salaries Expense. (If no entry is...
Arthur Industries entered into the following transactions during the month of June. A Purchased supplies for $4200 cash. B. Paid $4,380 for salaries and wages for the month of June. C. Paid $440 in advance for July rent. D. Provided $12,600 in services on account. E Paid $500 on accounts payable. F. Received $290 from customers as deposits for future services. G. Received a bill for $440 from the plumber who repaired a broken pipe in the restrooms, but will...
Terrapin Company engages in the following external transactions for November Save & Exit 1. Purchase equipment in exchange for cash of $21,200. 2. Provide services to customers and receive cash of $4.900. 3. Pay the current month's rent of $1.500. 4. Purchase office supplies on account for $1,000. 5. Pay employee salaries of $1,300 for the current month Required: Record the transactions. Terrapin uses the following accounts: Cash Supplies. Equipment Accounts Payable. Service Revenue, Reel Expense, and Salaries Expense. Of...
Required information The following information applies to the questions displayed below.) The following transactions occur for the Wolfpack Shoe Company during the month of June: a. Provide services to customers for $21,000 and receive cash b. Purchase office supplies on account for $11,000. c. Pay $5,200 in salaries to employees for work performed during the month. 2. Record the transactions. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View...
Instructions Following is a list of transactions entered into during the first month of operations of Gardener Corporation, a new landscape service. April Transactions: April 1 Articles of incorporation are filed with the state, and 100,000 shares of common stock are issued for $100,000 in cash. 4 A six-month promissory note is signed at the bank. Interest at 9% per annum will be repaid in six months along with the principal amount of the loan of $50,000. 8 Land and...
Required information [The following information applies to the questions displayed below.] Below are several transactions for Crimson Tide Corporation. A junior accountant, recently employed by the company, proposes to record the following transactions. External Transaction Accounts Debit Credit Pay cash dividends of $770 to stockholders. Cash 1. 770 Dividends 770 Provide services on account for customers, $3,100. 2. Cash Service Revenue 3,100 3,100 Pay a $470 utilities bill for the current period. Utilities Expense Cash 3. 470 470 370 Receive...
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 $22,000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $520 per month and paid six months' rent in advance. (d) Purchased equipment for $5,200 cash. (e) Purchased $2,200 of supplies on account....
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