Write the journal entries for the following transaction of Amy's publishing company in September 2020. On...
Write the journal entries for the following transaction of Amy's publishing company in September 2020.
On September 30th, Amy's publishing company estimated that it has consumed $2000 worth of utilities, including electricity and water during the month of September. The utility companies have not sent the bills to Amy's publishing company yet.
Homework Answers
| Amy's publishing company | |||
| Journal Enteries | |||
| Date | Particulars | Debit in $ | Credit in $ |
| Sep-30 | Utility Expense | 2000 | |
| Utility Payable | 2000 | ||
| (Expense accrued) | |||
| We can also use Accounts Payable | |||
Add Answer to:
Write the journal entries for the following transaction of Amy's
publishing company in September 2020.
On...
Write the journal entries for the following transaction of Amy's publishing company in September 2020: On...
Write the journal entries for the following transaction of Amy's publishing company in September 2020: On September 1st 2020, Amy's publishing company signed a contract with a customer to print 1000 copies of advertising pamphlet at $5 each to be delivered on September 30th. The customer will pay $5,000 within 30 days of the delivery of the pamphlets.
Write the journal entries for the following transaction of Amy's publishing company in September 2020: On...
Write the journal entries for the following transaction of Amy's publishing company in September 2020: On September 30th, Amy's publishing company delivered the advertising pamphlets to the customer according to the contract. The direct cost of producing these pamphlets is $2,000 and is recorded as inventory on the balance sheet of Amy's publishing company. We will deal with how to recognize the inventory cost for a manufacturing company later in the class. The payment will be received in 30 days...
Write the journal entries for the following transaction of Amy's publishing company in September 2020: On...
Write the journal entries for the following transaction of Amy's publishing company in September 2020: On September 20th, Amy's publishing company paid for the next year's insurance premium of $3,000 in cash.
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Prepare general journal entries to record each transaction. Omit
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I would to know how to write these transaction into the journal The transaction will be...
I would to know how to write these transaction into the
journal
The transaction will be show below as pictures
The journal template will be shown below as a screeshot:
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Prepare general journal entries to record each transaction. Omit
explanations.
Pastina Company manufactures and sells various types of pasta to grocery chains as private label brands. The company's fiscal year-end is December 31. The December 31, 2020 trial balance is as follows: Credits PASTINA COMPANY Trial Balance December 31, 2020 Account Title Debits Cash $ 24,550 Accounts receivable 22,000 Supplies 1,400 Inventory 68,000 Prepaid rent 1,250 Office equipment 92,000 Accumulated depr.-office equipment Accounts payable Salaries payable Common stock Retained earnings...
I would to know how to write these transaction into the
journal
The transaction will be show below as pictures
The journal template will be shown below as a screeshot:
Snip & Sketch New 2 5 Problem 2-2A Preparing General Journal entries LO3,5,6 Bruce Ibach owns Biotech Fitness Centre, which showed the following selected transactions for the month ended May 31, 2021 May 2 1 Purchased new equipment, paying cash of $14,000 and signing a 90-clay note payable for the...
Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made during the year. a. Accounts Receivable. At year-end, the L. Cole Company has completed services of $27,000 for a client, but the client has not yet been billed for those services. b. Interest Receivable. At year-end, the company has earned, but not yet recorded, $710 of interest earned from its investments in government bonds. c. Accounts Receivable. A painting...
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