Use the Journal Entries (Links to an external site.) for Tiger Inc to answer the following:
What is the ending balance of Accounts Receivable?
Group of answer choices
a. 80,000
b. 120,000
c. 50,000
d. 40,000
Homework Answers
| Total revenue earned on account | 120000 | =80000+40000 |
| Less: Payment received on account | 80000 | |
| Ending balance of Accounts Receivable | 40000 | |
| Option D 40,000 is correct |
Add Answer to:
Use the Journal Entries (Links to an external site.) for Tiger
Inc to answer the following:...
Use the Trial Balance (Links to an external site.) for Spartan Inc. to answer the following:...
Use the Trial Balance (Links to an external site.) for Spartan
Inc. to answer the following:
What are Spartan Inc's total liabilities?
Group of answer choices
a. 91,500
b. 50,500
c. 641,500
d. 90,000
1 2 CR 3 $ $ 4 DR 144,000.00 120,000.00 56,000.00 72,000.00 5 S 6 S Spartan Inc. Trial Balance Account # Account Name 101 Cash 111 Accounts Receivable 121 Inventory 131 Equipment 141 Less Accumulated Depreciation 201 Accounts Payable 301 Stock 315 Dividends 401 Revenue...
You are required to post the following journal entries to the respective ledger account and to...
You are required to post the following journal entries to the respective ledger account and to prepare trial balance from the ledger accounts. PROBLEMI Date 1 May Debit (RO) 50.000 Credit (RO) Particulars Dr. Cash Cr. Capital Dr. Prepaid rent Cr. Cash 50,000 2 May 24,000 24,000 3 May 30,000 10.000 20,000 Dr. Furniture Cr. Cash Cr. Accounts payable Dr. Prepaid insurance Cr. Cash 4 May 1.800 1.800 5 May 500 Dr. Office supplies Cr. Cash 500 6 May 1,500...
Use the Trial Balance (Links to an external site.) for Hercules Inc. to answer the following:...
Use the Trial Balance (Links to an external site.) for Hercules
Inc. to answer the following:
What are Total Assets on Hercules' Balance Sheet?
Group of answer choices
a. 0
b. 2,259,000
c. 2,589,000
d. 1,929,000
1 2 Hercules, Inc. Account # 101 3 4 5 111 121 131 6 7 Account Name Cash Accounts Receivable Inventory Equipment Less Accumulated Depreciation Accounts Payable Stock Dividends Revenue Expenses 141 201 301 315 Debit Credit $ 500,000 $ 627,000 $ 82,000 $...
Dude Duds, Inc. is a clothing retailer specializing in affordable family apparel. Prepare journal entries and...
Dude Duds, Inc. is a clothing retailer specializing in affordable family apparel. Prepare journal entries and related adjusting entries (if any) for the transaction below for the first quarter ending March 31 of the current year. Paid $5,130,579 of merchandise invoices previously acquired on account. The company deducted a 2% discount for prompt payment and treated the discount as a reduction in the acquisition cost of the inventory. Select one: a. Dr. Accounts payable $5,130,579; Cr. Cash $5,027,967; Cr. Inventory...
Grant Corp. had the following journal entries during the month. dr. Cash 600 cr. Common Stock...
Grant Corp. had the following journal entries during the month. dr. Cash 600 cr. Common Stock 600 dr. Equipment 600 cr. Cash 200 cr. Loans Payable 400 dr. Supplies 50 cr. Accounts Payable 50 dr. Salary Expense 75 cr. Salary Payable 75 dr. Utilities Expense 15 cr. Cash 15 dr. Cash 350 dr. Accounts Receivable 450 cr. Service Revenue 800 dr. Accounts Payable 30 cr. Cash 30 dr. Cash 250 cr. Accounts Receivable 250 dr. Dividends 10 cr. Cash 10...
Dude Duds, Inc. is a clothing retailer specializing in affordable family apparel. Prepare journal entries and...
Dude Duds, Inc. is a clothing retailer specializing in affordable family apparel. Prepare journal entries and related adjusting entries (if any) for the transaction below for the first quarter ending March 31 of the current year. Sold merchandise with an original cost of $10,077,924 for $17,636,367 during the quarter. Of the total sales, 50% was for cash and the remainder was on account. Select one: O a. Dr. Cash $8,818,184; Dr. Accounts receivable $8,818,184; Cr. Sales revenue $17,636,367 O b....
journal entries Problem #3 - Prepare the journal entries to Jurnal Entries E ond credits are...
journal entries
Problem #3 - Prepare the journal entries to Jurnal Entries E ond credits are to the right Formatting and Presentation is vel e journal entries for the following transactions (Make sure debits are to the Ling and Presentation is very important) (20 Points) (a) Chipotle issued 5,000 additional shares Issued 5,000 additional shares of common stock with a par value of $1.50 per share at a market value of $12.00 per share, receiving $60,000 in cash from investors....
Record the journal entries for the following transactions during 2020 Bow AutoSave | OFF Review Data...
Record the journal entries for the following transactions
during 2020
Bow AutoSave | OFF Review Data View Tell me Home Insert Draw Formulas Page Layout A A y Wrap Text Paste B TU Uv CA Merge & Center M B4 Xfx =E_3 1 K G L А с H B D E F 1 Entry Bowers Inc.'s transactions during 2020: 21 On Jan 1, Bowers Inc.pays cash of $1,605 towards their Accounts Payable. 382 On Jan 15, Bowers Inc. purchases...
Use the provided partial chart of accounts to prepare the general journal entries in the space...
Use the provided partial chart of accounts to prepare the general journal entries in the space provided below for the following transactions. Chart of Accounts • Cash • Accounts Receivable • Allowance for Doubtful Accounts Notes Receivable • Interest Receivable Office Equipment • Machinery • Accumulated Depreciation • Accounts Payable • Interest Payable Common Stock • Retained Earnings Sales • Interest Revenue • Bad Debt Expense • Depreciation Expense • Insurance Expense • Interest Expense • Gain on Sale of...
most create T-accounts and Journal Entries 52 BBBB, Inc. Balance Sheet December 31, 2019 Liabilities Assets...
most create T-accounts and Journal Entries
52 BBBB, Inc. Balance Sheet December 31, 2019 Liabilities Assets Current Liabilities $ 18,600 28.000 46,600 Current Assets $ 151,000 8000 159,000 Taxes Payable Note Payable-Land Total Current Liabilities Cash Merchandise Inventory Total Current Assets Long-Term Liabilities 100.000 146,600 Fixed Assets Note Payable-Bank Total Liabilities Land 30,000 Other Assets Security Deposit owners Equity $ 5,.000 Common Stock Retained Earnings Total Owners Equity Total Liabilities and 43409 8400 Owners' Equity $195.000 Total Assets $ 195,000...
Use the Trial Balance (Links to an external site.) for Spartan
Inc. to answer the following:
What are Spartan Inc's total liabilities?
Group of answer choices
a. 91,500
b. 50,500
c. 641,500
d. 90,000
1 2 CR 3 $ $ 4 DR 144,000.00 120,000.00 56,000.00 72,000.00 5 S 6 S Spartan Inc. Trial Balance Account # Account Name 101 Cash 111 Accounts Receivable 121 Inventory 131 Equipment 141 Less Accumulated Depreciation 201 Accounts Payable 301 Stock 315 Dividends 401 Revenue...
You are required to post the following journal entries to the respective ledger account and to prepare trial balance from the ledger accounts. PROBLEMI Date 1 May Debit (RO) 50.000 Credit (RO) Particulars Dr. Cash Cr. Capital Dr. Prepaid rent Cr. Cash 50,000 2 May 24,000 24,000 3 May 30,000 10.000 20,000 Dr. Furniture Cr. Cash Cr. Accounts payable Dr. Prepaid insurance Cr. Cash 4 May 1.800 1.800 5 May 500 Dr. Office supplies Cr. Cash 500 6 May 1,500...
Use the Trial Balance (Links to an external site.) for Hercules
Inc. to answer the following:
What are Total Assets on Hercules' Balance Sheet?
Group of answer choices
a. 0
b. 2,259,000
c. 2,589,000
d. 1,929,000
1 2 Hercules, Inc. Account # 101 3 4 5 111 121 131 6 7 Account Name Cash Accounts Receivable Inventory Equipment Less Accumulated Depreciation Accounts Payable Stock Dividends Revenue Expenses 141 201 301 315 Debit Credit $ 500,000 $ 627,000 $ 82,000 $...
Dude Duds, Inc. is a clothing retailer specializing in affordable family apparel. Prepare journal entries and related adjusting entries (if any) for the transaction below for the first quarter ending March 31 of the current year. Paid $5,130,579 of merchandise invoices previously acquired on account. The company deducted a 2% discount for prompt payment and treated the discount as a reduction in the acquisition cost of the inventory. Select one: a. Dr. Accounts payable $5,130,579; Cr. Cash $5,027,967; Cr. Inventory...
Dude Duds, Inc. is a clothing retailer specializing in affordable family apparel. Prepare journal entries and related adjusting entries (if any) for the transaction below for the first quarter ending March 31 of the current year. Sold merchandise with an original cost of $10,077,924 for $17,636,367 during the quarter. Of the total sales, 50% was for cash and the remainder was on account. Select one: O a. Dr. Cash $8,818,184; Dr. Accounts receivable $8,818,184; Cr. Sales revenue $17,636,367 O b....
journal entries
Problem #3 - Prepare the journal entries to Jurnal Entries E ond credits are to the right Formatting and Presentation is vel e journal entries for the following transactions (Make sure debits are to the Ling and Presentation is very important) (20 Points) (a) Chipotle issued 5,000 additional shares Issued 5,000 additional shares of common stock with a par value of $1.50 per share at a market value of $12.00 per share, receiving $60,000 in cash from investors....
Record the journal entries for the following transactions
during 2020
Bow AutoSave | OFF Review Data View Tell me Home Insert Draw Formulas Page Layout A A y Wrap Text Paste B TU Uv CA Merge & Center M B4 Xfx =E_3 1 K G L А с H B D E F 1 Entry Bowers Inc.'s transactions during 2020: 21 On Jan 1, Bowers Inc.pays cash of $1,605 towards their Accounts Payable. 382 On Jan 15, Bowers Inc. purchases...
Use the provided partial chart of accounts to prepare the general journal entries in the space provided below for the following transactions. Chart of Accounts • Cash • Accounts Receivable • Allowance for Doubtful Accounts Notes Receivable • Interest Receivable Office Equipment • Machinery • Accumulated Depreciation • Accounts Payable • Interest Payable Common Stock • Retained Earnings Sales • Interest Revenue • Bad Debt Expense • Depreciation Expense • Insurance Expense • Interest Expense • Gain on Sale of...
most create T-accounts and Journal Entries
52 BBBB, Inc. Balance Sheet December 31, 2019 Liabilities Assets Current Liabilities $ 18,600 28.000 46,600 Current Assets $ 151,000 8000 159,000 Taxes Payable Note Payable-Land Total Current Liabilities Cash Merchandise Inventory Total Current Assets Long-Term Liabilities 100.000 146,600 Fixed Assets Note Payable-Bank Total Liabilities Land 30,000 Other Assets Security Deposit owners Equity $ 5,.000 Common Stock Retained Earnings Total Owners Equity Total Liabilities and 43409 8400 Owners' Equity $195.000 Total Assets $ 195,000...
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