Homework Answers
Answer
.
| Particulars | Debit | Credit | |
| a | Received Cash in advance from a customer for desiging a building | 3 | 8 |
| b | Purchase office supplies on credit | 5 | 1 |
| c | Paid for supplies purchased in B | 1 | 3 |
| d | Received the teleph bill for business and immediately paid it. | 7 | 3 |
| e | Paid for a 3-year Insurance policy | 12 | 3 |
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4. 2. Miley Block is a building consultant. Shown below are (a) several accounts in her...
PRACTICE EXERCISES LARSON VOL.1 CHAPTER 2 TB 02-114 Dawn Roberts is a real estate consultant Dawn...
PRACTICE EXERCISES LARSON VOL.1 CHAPTER 2 TB 02-114 Dawn Roberts is a real estate consultant Dawn Roberts is a real estate consultant and property manager. Below are the names of several accounts in her ledger with each account name preceded by a number. Following the account names are several transactions completed by Ms. Roberts. Indicate the accounts debited and credited in recording each transaction by placing the proper account numbers in the boxes to the right of each transaction (1)...
Journalizing transactions, posting journal entries to T-accounts, and Recording preparing a trial balance Doris Stewart started her practice as a design consultant on September 1, 2015.
P2-30A Journalizing transactions, posting journal entries to T-accounts, and
Learning
preparing a trial balance
Doris Stewart started her practice as a design consultant on September 1, 2015. During
the first month of operations, the business completed the following transactions:
4
Total
Sep. 1 Received $42,000 cash and gave capital to Stewart.
4
Purchased office supplies, $700, and furniture, $1,900, on account.
6 Performed services for a law firm and received $1,400 cash.
7
Paid $24,000 cash to acquire land to...
Ann Simpson started her practice as a design consultant on September 1, 2018. During the first...
Ann Simpson started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transactions: Sep. 1 Received 548,000 cash and issued common stock to Simpson. Purchased office supplies, $1,200, and furniture, 51,300, on account. 6 Performed services for a law firm and received $1,900 cash. 7 Paid $18,000 cash to acquire land to be used in operations. 10 Performed services for a hotel and received its promise to pay...
Doris Stann started her practice as a design consultant on September 1, 2018. During the first...
Doris Stann started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transactions A (Click the icon to view the transactions.) Read the requirements Requirement 1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable: Office Supplies; Prepaid Insurance; Land; Furniture; Accounts Payable; Utilities Payable; Unearned Revenue; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required....
1. Listed below are accounts to use for transactions (a) through (), each identified by a...
1. Listed below are accounts to use for transactions (a) through (), each identified by a number. Following this list are the transactions. You are to indicate for each transaction the accounts that should be debited and credited by placing the account number(s) in the appropriate box. 1. Accounts Payable Accounts Receivable 3. Accumulated Depreciation Office Equipment - Building s owner's Capital Cash 2 Depreciation Expense Office Equipment Owner's Drawing Fees Eamed 10 insurance Expense 11. Insurance Payable 12 interest...
1. Listed below are accounts to use for transactions (a) through (j), each identified by a...
1. Listed below are accounts to use for transactions (a) through (j), each identified by a number. Following this list are the transactions. You are to indicate for each transaction the accounts that should be debited and credited by placing the account number(s) in the appropriate box. Accounts Payable 2. Accounts Receivable 3. Accumulated Depreciation Office Equipmeng 4. Building 5. Owner's Capital Cash 2 Depreciation Expense-Office Equipment Owner's Drawing 2 Fees Earned 10 Insurance Expense 11. Insurance Payable 12. Interest...
30A Journalizing transactions, posting ¡ournal entries to T-accounts, and D0 Learning ob preparing a trial balance...
30A Journalizing transactions, posting ¡ournal entries to T-accounts, and D0 Learning ob preparing a trial balance Ann Simpson started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transacions 4. Total Debits Received $48,000 cash and gave capital to Simpson 4 Purchased office supplies, $1,200, and furniture, $1,300, on account. 6 Performed services for a law firm and received $1,900 casth. 7 Paid $18,000 cash to acquire land...
I will upvote the correct answers Requirement 2. T-accounts have been opened for each of the...
I will upvote the correct answers
Requirement 2. T-accounts have been opened for each of the accounts. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. We will post to the accounts one transaction at a time. Begin by posting the events from the 1st. Sep. 1: Received $43,000 cash and gave capital to Stewart. (We will post to the accounts one transaction at a...
Learning Objectives 3, 4 P2-31A Journalizing transactions, posting journal entries to four-column accounts, and preparing a...
Learning Objectives 3, 4 P2-31A Journalizing transactions, posting journal entries to four-column accounts, and preparing a trial balance Terrence Murphy opened a law office on January 1, 2018. During the first month of operations, the business completed the following transactions: 3. Cash Balance $50, 160 CHAPTER 2 Jan. 1 Murphy contributed $78,000 cash to the business, Terrence Murphy Attorney. The business gave capital to Murphy. 3 Purchased office supplies, $600, and furniture, $1,700, on account. Performed legal services for a...
Listed below are accounts to use for transactions (a) through (1), each identified by a number....
Listed below are accounts to use for transactions (a) through (1), each identified by a number. Following this list are the transactions. You are to indicate for each transaction the accounts that should be debited and credited by placing the account number(s) in the appropriate box. 1. Accounts Payable 2. Accounts Receivable 3. Accumulated Depreciation - Office Equipment 4. Building 5. Common Stock 6. Cash 7. Depreciation Expense-Office Equipment 8. Dividends 9. Fees Earned 10. Insurance Expense 11. Insurance Payable...
PRACTICE EXERCISES LARSON VOL.1 CHAPTER 2 TB 02-114 Dawn Roberts is a real estate consultant Dawn Roberts is a real estate consultant and property manager. Below are the names of several accounts in her ledger with each account name preceded by a number. Following the account names are several transactions completed by Ms. Roberts. Indicate the accounts debited and credited in recording each transaction by placing the proper account numbers in the boxes to the right of each transaction (1)...
Ann Simpson started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transactions: Sep. 1 Received 548,000 cash and issued common stock to Simpson. Purchased office supplies, $1,200, and furniture, 51,300, on account. 6 Performed services for a law firm and received $1,900 cash. 7 Paid $18,000 cash to acquire land to be used in operations. 10 Performed services for a hotel and received its promise to pay...
Doris Stann started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transactions A (Click the icon to view the transactions.) Read the requirements Requirement 1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable: Office Supplies; Prepaid Insurance; Land; Furniture; Accounts Payable; Utilities Payable; Unearned Revenue; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required....
1. Listed below are accounts to use for transactions (a) through (), each identified by a number. Following this list are the transactions. You are to indicate for each transaction the accounts that should be debited and credited by placing the account number(s) in the appropriate box. 1. Accounts Payable Accounts Receivable 3. Accumulated Depreciation Office Equipment - Building s owner's Capital Cash 2 Depreciation Expense Office Equipment Owner's Drawing Fees Eamed 10 insurance Expense 11. Insurance Payable 12 interest...
1. Listed below are accounts to use for transactions (a) through (j), each identified by a number. Following this list are the transactions. You are to indicate for each transaction the accounts that should be debited and credited by placing the account number(s) in the appropriate box. Accounts Payable 2. Accounts Receivable 3. Accumulated Depreciation Office Equipmeng 4. Building 5. Owner's Capital Cash 2 Depreciation Expense-Office Equipment Owner's Drawing 2 Fees Earned 10 Insurance Expense 11. Insurance Payable 12. Interest...
30A Journalizing transactions, posting ¡ournal entries to T-accounts, and D0 Learning ob preparing a trial balance Ann Simpson started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transacions 4. Total Debits Received $48,000 cash and gave capital to Simpson 4 Purchased office supplies, $1,200, and furniture, $1,300, on account. 6 Performed services for a law firm and received $1,900 casth. 7 Paid $18,000 cash to acquire land...
I will upvote the correct answers
Requirement 2. T-accounts have been opened for each of the accounts. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. We will post to the accounts one transaction at a time. Begin by posting the events from the 1st. Sep. 1: Received $43,000 cash and gave capital to Stewart. (We will post to the accounts one transaction at a...
Learning Objectives 3, 4 P2-31A Journalizing transactions, posting journal entries to four-column accounts, and preparing a trial balance Terrence Murphy opened a law office on January 1, 2018. During the first month of operations, the business completed the following transactions: 3. Cash Balance $50, 160 CHAPTER 2 Jan. 1 Murphy contributed $78,000 cash to the business, Terrence Murphy Attorney. The business gave capital to Murphy. 3 Purchased office supplies, $600, and furniture, $1,700, on account. Performed legal services for a...
Listed below are accounts to use for transactions (a) through (1), each identified by a number. Following this list are the transactions. You are to indicate for each transaction the accounts that should be debited and credited by placing the account number(s) in the appropriate box. 1. Accounts Payable 2. Accounts Receivable 3. Accumulated Depreciation - Office Equipment 4. Building 5. Common Stock 6. Cash 7. Depreciation Expense-Office Equipment 8. Dividends 9. Fees Earned 10. Insurance Expense 11. Insurance Payable...
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