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amt: Part 1 (Problems) Saved 2 O'Brien Construction had the following business activities: 1. Stockholders invest...
O’Brien Construction had the following business activities: Stockholders invest $62,000 cash in the corporation. O'Brien purchased...
O’Brien Construction had the following business activities: Stockholders invest $62,000 cash in the corporation. O'Brien purchased $470 of office supplies on credit. O'Brien purchased office equipment for $7,000, paying $4,100 in cash and signing a 30-day note payable for the remainder. O'Brien paid $235 cash on account for office supplies purchased in transaction 2. O'Brien purchased two acres of land for $21,000, signing a 2-year note payable. O'Brien sold one acre of land at one-half of the total cost of...
all part of the same question O'Brien Construction had the following business activities: 1. Stockholders invest...
all part of the same question
O'Brien Construction had the following business activities: 1. Stockholders invest $30,000 cash in the corporation - 2. O'Brien purchased $500 of office supplies on credit 3. O'Brien purchased office equipment for $8,000, paying $1,500 in cash and signing a 30-day note payable for the remainder. 4. O'Brien paid $250 cash on account for office supplies purchased in transaction 2 5. O'Brien purchased two acres of land for $6,000, signing a 2 year note payable....
O'Brien Construction had the following business activities: 1. Stockholders invest $50,000 cash in the corporation. 2....
O'Brien Construction had the following business activities: 1. Stockholders invest $50,000 cash in the corporation. 2. O'Brien purchased $800 of office supplies on credit. 3. O'Brien purchased office equipment for $14,000, paying $5,000 in cash and signing a 30-day note payable for the remainder. 4. O'Brien paid $400 cash on account for office supplies purchased in transaction 2. 5. O'Brien purchased two acres of land for $20,000, signing a 2-year note payable. 6. O'Brien sold one acre of land at...
Katy Williams is the manager of Blue Light Arcade. The company provides entertainment for parties and...
Katy Williams is the manager of Blue Light Arcade. The company provides entertainment for parties and special events. a. Blue Light Arcade received $54 cash on account for a birthday party held two months ago. b. Agreed to hire a new employee at a monthly salary of $3,100. The employee starts work next month. c. Paid $2,100 for a table top hockey game purchased last month on account. d. Repaid a $5,100 bank loan that had been outstanding for six...
rio Selected transactions for Ibrahem Berhad are as follows: 1. Stockholders invest RM40,000 in cash in...
rio Selected transactions for Ibrahem Berhad are as follows: 1. Stockholders invest RM40,000 in cash in starting a real estate office operating as a corporation. Purchased RM500 of supplies on credit. Purchased equipment for RM25,000, paying RM3,500 in cash and signed a 30- day, RM21,500, note payable. Real estate commissions billed to clients amount to RM4,000. Paid RM700 in cash for the current month's rent. Paid RM250 cash on account for office supplies purchased in transaction 2 Received a bill...
Saved Prepare journal entries to record the following production activities. 1. Purchased $20,000 of raw materials...
Saved Prepare journal entries to record the following production activities. 1. Purchased $20,000 of raw materials on credit. 2. Used $16,000 of direct materials in the Roasting department. 3. Used $20,000 of indirect materials in production. 08 View transaction list Journal entry worksheet < 1 2 3 Record materials purchased on credit. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Me Graw Hall < Prev 7 of 39 Next >
D Question 7 24 pts Prepare journal entries for each activity listed below. If no transaction...
D Question 7 24 pts Prepare journal entries for each activity listed below. If no transaction is necessary, simply write, "No JE necessary". Make sure each debit and credit are clearly labeled, including the dollar amount. Journal entry format example: The company received cash for a sale in the amount of $100. DR Cash 100 CR Revenue 100 1. The company purchased office equipment for $70,000, paying $25,000 in cash and signing a 30-day note payable for the remainder. 2....
Geo Inc. had the following account balances on January 1, Year 2. Accounts Payable Accounts Receivable...
Geo Inc. had the following account balances on January 1, Year 2. Accounts Payable Accounts Receivable Cashi Common Stock Equipment Notes Payable Retained Earnings Salaries and Wages Expense Supplies 5728 2,300 2,300 20,000 3,100 4,400 4,536 4.800 1.660 A Paid $728 on account for utilities that were used during December Year 1 B. Purchased $488 of supplies for cash. C. Signed a rental agreement for office space and paid $6,100 in advance for six months of rent beginning February 1,...
Saved A company had the following transactions 1 Paid $160 for office supplies using a debit...
Saved A company had the following transactions 1 Paid $160 for office supplies using a debit card 2. Purchased office equipment costing $710 using a credit card 3. Paid utilitie bill of $450 by issuing a check Record each transaction. (If no entry is required for a trensaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record $160 purchase of office supplies using a debit card. Note: Enter debits before credits....
Geo Inc. had the following account balances on January 1, Year 2- Accounts Payable Accounts Receivable...
Geo Inc. had the following account balances on January 1, Year 2- Accounts Payable Accounts Receivable Cash Common Stock Equipment Notes Payable Retained Earnings Salaries and Wages Expense Supplies $ 701 1.400 1.400 10,000 1,300 2,600 3.411 3,900 580 A Paid $701 on account for utilities that were used during December Year 1 B. Purchased $443 of supplies for cash. C. Signed a rental agreement for office space and paid $4,300 in advance for six months of rent beginning February...
all part of the same question
O'Brien Construction had the following business activities: 1. Stockholders invest $30,000 cash in the corporation - 2. O'Brien purchased $500 of office supplies on credit 3. O'Brien purchased office equipment for $8,000, paying $1,500 in cash and signing a 30-day note payable for the remainder. 4. O'Brien paid $250 cash on account for office supplies purchased in transaction 2 5. O'Brien purchased two acres of land for $6,000, signing a 2 year note payable....
O'Brien Construction had the following business activities: 1. Stockholders invest $50,000 cash in the corporation. 2. O'Brien purchased $800 of office supplies on credit. 3. O'Brien purchased office equipment for $14,000, paying $5,000 in cash and signing a 30-day note payable for the remainder. 4. O'Brien paid $400 cash on account for office supplies purchased in transaction 2. 5. O'Brien purchased two acres of land for $20,000, signing a 2-year note payable. 6. O'Brien sold one acre of land at...
Katy Williams is the manager of Blue Light Arcade. The company provides entertainment for parties and special events. a. Blue Light Arcade received $54 cash on account for a birthday party held two months ago. b. Agreed to hire a new employee at a monthly salary of $3,100. The employee starts work next month. c. Paid $2,100 for a table top hockey game purchased last month on account. d. Repaid a $5,100 bank loan that had been outstanding for six...
rio Selected transactions for Ibrahem Berhad are as follows: 1. Stockholders invest RM40,000 in cash in starting a real estate office operating as a corporation. Purchased RM500 of supplies on credit. Purchased equipment for RM25,000, paying RM3,500 in cash and signed a 30- day, RM21,500, note payable. Real estate commissions billed to clients amount to RM4,000. Paid RM700 in cash for the current month's rent. Paid RM250 cash on account for office supplies purchased in transaction 2 Received a bill...
Saved Prepare journal entries to record the following production activities. 1. Purchased $20,000 of raw materials on credit. 2. Used $16,000 of direct materials in the Roasting department. 3. Used $20,000 of indirect materials in production. 08 View transaction list Journal entry worksheet < 1 2 3 Record materials purchased on credit. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Me Graw Hall < Prev 7 of 39 Next >
D Question 7 24 pts Prepare journal entries for each activity listed below. If no transaction is necessary, simply write, "No JE necessary". Make sure each debit and credit are clearly labeled, including the dollar amount. Journal entry format example: The company received cash for a sale in the amount of $100. DR Cash 100 CR Revenue 100 1. The company purchased office equipment for $70,000, paying $25,000 in cash and signing a 30-day note payable for the remainder. 2....
Geo Inc. had the following account balances on January 1, Year 2. Accounts Payable Accounts Receivable Cashi Common Stock Equipment Notes Payable Retained Earnings Salaries and Wages Expense Supplies 5728 2,300 2,300 20,000 3,100 4,400 4,536 4.800 1.660 A Paid $728 on account for utilities that were used during December Year 1 B. Purchased $488 of supplies for cash. C. Signed a rental agreement for office space and paid $6,100 in advance for six months of rent beginning February 1,...
Saved A company had the following transactions 1 Paid $160 for office supplies using a debit card 2. Purchased office equipment costing $710 using a credit card 3. Paid utilitie bill of $450 by issuing a check Record each transaction. (If no entry is required for a trensaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record $160 purchase of office supplies using a debit card. Note: Enter debits before credits....
Geo Inc. had the following account balances on January 1, Year 2- Accounts Payable Accounts Receivable Cash Common Stock Equipment Notes Payable Retained Earnings Salaries and Wages Expense Supplies $ 701 1.400 1.400 10,000 1,300 2,600 3.411 3,900 580 A Paid $701 on account for utilities that were used during December Year 1 B. Purchased $443 of supplies for cash. C. Signed a rental agreement for office space and paid $4,300 in advance for six months of rent beginning February...
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