Homework Answers
| dr. Maintenance and repairs - Delivery van |
| cr. Cash |
| dr. Tow Trucks (asset account) |
| cr. Cash |
| dr. Accum.Depreciation - Machinery |
| cr. Machinery |
| dr. Amortization expense - Patent |
| cr. Patent |
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Select the correct dr & cr to record the following event..... You paid $200 cash to...
Select the correct Dr. and Cr. to record this event..... Purchased Office Supplies for $200 cash....
Select the correct Dr. and Cr. to record this event..... Purchased Office Supplies for $200 cash. dr. Choose... - cr. Choose... Choose... cr. Office Supplies Inventory ent..... Select the dr. Office Supplies Inventory On Septem fund for yo cr. Cash dr. Cash dr. Select the correct Dr. and Cr. to record this event..... On September 1st, you establish a Petty Cash fund for your company. dr. Choose... cr. Choose... > Choose... cr. Cash record this event..... Select the dr. Petty...
Select the correct Dr. and Cr. to record this event..... It's September 30th and you're still...
Select the correct Dr. and Cr. to record this event..... It's September 30th and you're still working at the construction company. The manager tells you the job to renovate that kitchen is half-way done. Record the month-end adjusting entry. dr. 1) Choose... cr. Choose... > Choose... dr. Unearned Revenue - Home Renovation Select the dr. Revenue - Home Renovation Your retail offers term cr. Unearned Revenue - Home Renovation period. Red cr. Revenue - Home Renovation managing its merchandise inventory....
Select the correct Dr. and Cr. to record this event..... As you recall, your retail store...
Select the correct Dr. and Cr. to record this event..... As you recall, your retail store is doing extensive radio advertising this holiday season and has already paid for this campaign. During the month of October, 1/3 of the season's planned ad's have aired. Record the October 31st month-end adjusting entry. dr. Choose... . Cr. 0 Choose.. Choose... Select the is event..... dr. Advertising Expense cr. Advertising Expense dr. Prepaid Advertising cr. Prepaid Advertising The current adjusting ages & Salaries...
Select the correct Dr. and Cr. to record this event..... It's time to close the company's...
Select the correct Dr. and Cr. to record this event..... It's time to close the company's books for the current month. Select the appropriate Dr. or Cr. to process the REID journal entry when your company has a Net Income to report. Note: Pay close attention to what each row is asking.... and select the right Dr. and Cr. accordingly. Will you dr. or cr..... the Revenue accounts for the "R"? Choose... > Will you dr. or cr..... Income Summary...
Select the correct Dr. and Cr. to record this year's Federal income taxes..... dr. Choose... cr....
Select the correct Dr. and Cr. to record this year's Federal income taxes..... dr. Choose... cr. Choose... e Choose... dr. Income Tax Expense dr. Income Tax Payable Back on De cr. Income Tax Payable pur company's obligation for Federal in Today is M cr. Income Tax Expense payment to the IRS. Back on December 31st, you recorded your company's obligation for Federal income taxes. Today is March 15 and you need to remit payment to the IRS. Select the correct...
Which of the following is NOT a line in your journal entry to record... You disposed...
Which of the following is NOT a line in your journal entry to record... You disposed of Office Furniture for $2,000 cash. The furniture cost $8,000 and had accumulated depreciation of $5,000. Select one: O a. dr. Loss on Disposal of Assets $1,000 O b. dr. Accum.Depreciation - Office Furniture $5,000 O c. dr. Cash $2,000 O d.cr. Office Furniture $8,000 O ecr. Loss on Disposal of Assets - $1,000 Which of the following is NOT a line in your...
The following transactions and adjusting entries were completed by a paper-packaging company called Gravure Graphics International...
The following transactions and adjusting entries were completed by a paper-packaging company called Gravure Graphics International during 2018 and 2019. The company uses straight-line depreciation for trucks and other vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for patents 2018 January 2 Paid $101,000 cash to purchase storage shed components. January 3 Paid $6,000 cash to have the storage shed erected. The storage shed has an estimated life of 10 years and a residual value of $9,000. April 1 Paid...
Journal entry help for a paper-packaging company called Gravure Graphics International during 2018 and 2019. The followi...
Journal entry help for a paper-packaging company called Gravure Graphics International during 2018 and 2019. The following transactions and adjusting entries were completed by a paper-packaging company called Gravure Graphics International during 2018 and 2019. The company uses straight-line depreciation for trucks and other vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for patents. 2018 January 2 Paid $91,000 cash to purchase storage shed components. January 3 Paid $2,000 cash to have the storage shed erected. The storage shed has...
Four months ago, you wrote off a customer's worthless account. Today, he brought in a money...
Four months ago, you wrote off a customer's worthless account. Today, he brought in a money order for the full amount he had owed. What is your 4-row journal entry to record this event if your company uses the Direct Write-Off Method? (1) dr. (to reverse the original write-off) Choose... (2) cr. (to reverse the original write-off) Choose... (3) dr. (to recognize payment) cr. A/R cr. Cash (4) cr. (to recognize payment) cr. Bad Debts Expense dr. Bad Debt Expense...
1. value: 10.00 points The following transactions and adjusting entries were completed by a paper-packaging company...
1. value: 10.00 points The following transactions and adjusting entries were completed by a paper-packaging company called Gravure Graphics International during 2015 and 2016. The company uses straight-line depreciation for trucks and other vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for patents. January January 2, 2015 3, 2015 April 1, 2015 May July 13, 2015 1, 2015 Paid $90,000 cash to purchase storage shed components. Paid $5,000 cash to have the storage shed erected. The storage shed has an...
Select the correct Dr. and Cr. to record this event..... Purchased Office Supplies for $200 cash. dr. Choose... - cr. Choose... Choose... cr. Office Supplies Inventory ent..... Select the dr. Office Supplies Inventory On Septem fund for yo cr. Cash dr. Cash dr. Select the correct Dr. and Cr. to record this event..... On September 1st, you establish a Petty Cash fund for your company. dr. Choose... cr. Choose... > Choose... cr. Cash record this event..... Select the dr. Petty...
Select the correct Dr. and Cr. to record this event..... It's September 30th and you're still working at the construction company. The manager tells you the job to renovate that kitchen is half-way done. Record the month-end adjusting entry. dr. 1) Choose... cr. Choose... > Choose... dr. Unearned Revenue - Home Renovation Select the dr. Revenue - Home Renovation Your retail offers term cr. Unearned Revenue - Home Renovation period. Red cr. Revenue - Home Renovation managing its merchandise inventory....
Select the correct Dr. and Cr. to record this event..... As you recall, your retail store is doing extensive radio advertising this holiday season and has already paid for this campaign. During the month of October, 1/3 of the season's planned ad's have aired. Record the October 31st month-end adjusting entry. dr. Choose... . Cr. 0 Choose.. Choose... Select the is event..... dr. Advertising Expense cr. Advertising Expense dr. Prepaid Advertising cr. Prepaid Advertising The current adjusting ages & Salaries...
Select the correct Dr. and Cr. to record this event..... It's time to close the company's books for the current month. Select the appropriate Dr. or Cr. to process the REID journal entry when your company has a Net Income to report. Note: Pay close attention to what each row is asking.... and select the right Dr. and Cr. accordingly. Will you dr. or cr..... the Revenue accounts for the "R"? Choose... > Will you dr. or cr..... Income Summary...
Select the correct Dr. and Cr. to record this year's Federal income taxes..... dr. Choose... cr. Choose... e Choose... dr. Income Tax Expense dr. Income Tax Payable Back on De cr. Income Tax Payable pur company's obligation for Federal in Today is M cr. Income Tax Expense payment to the IRS. Back on December 31st, you recorded your company's obligation for Federal income taxes. Today is March 15 and you need to remit payment to the IRS. Select the correct...
Which of the following is NOT a line in your journal entry to record... You disposed of Office Furniture for $2,000 cash. The furniture cost $8,000 and had accumulated depreciation of $5,000. Select one: O a. dr. Loss on Disposal of Assets $1,000 O b. dr. Accum.Depreciation - Office Furniture $5,000 O c. dr. Cash $2,000 O d.cr. Office Furniture $8,000 O ecr. Loss on Disposal of Assets - $1,000 Which of the following is NOT a line in your...
The following transactions and adjusting entries were completed by a paper-packaging company called Gravure Graphics International during 2018 and 2019. The company uses straight-line depreciation for trucks and other vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for patents 2018 January 2 Paid $101,000 cash to purchase storage shed components. January 3 Paid $6,000 cash to have the storage shed erected. The storage shed has an estimated life of 10 years and a residual value of $9,000. April 1 Paid...
Four months ago, you wrote off a customer's worthless account. Today, he brought in a money order for the full amount he had owed. What is your 4-row journal entry to record this event if your company uses the Direct Write-Off Method? (1) dr. (to reverse the original write-off) Choose... (2) cr. (to reverse the original write-off) Choose... (3) dr. (to recognize payment) cr. A/R cr. Cash (4) cr. (to recognize payment) cr. Bad Debts Expense dr. Bad Debt Expense...
1. value: 10.00 points The following transactions and adjusting entries were completed by a paper-packaging company called Gravure Graphics International during 2015 and 2016. The company uses straight-line depreciation for trucks and other vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for patents. January January 2, 2015 3, 2015 April 1, 2015 May July 13, 2015 1, 2015 Paid $90,000 cash to purchase storage shed components. Paid $5,000 cash to have the storage shed erected. The storage shed has an...
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