Question:The following transactions affected ABC, Inc., using this information, create T- accounts and record the transactions...
Question
The following transactions affected ABC, Inc., using this information, create T- accounts and record the transactions...
The following transactions affected ABC, Inc., using this information, create T- accounts and record the transactions in general journal, then prepare a trial balance using the proper format. You need to type below three (T-account, General journal and Trial balance) in word or excel sheets. 1. Transactions analysis into T-acct 2. Prepare General Journal for transactions 3. Prepare Trial Balance as of April 30TH Transactions: a. On April 1, John invested $10,000 in cash to start the ABC Company that provide accounting services for clients. (Use common stock account) b. On April 5, John paid $500 for the current month office rent On April 8, John bought office furniture for $1,000 c. d. On April 12, John performed services for $1500 and then billed the clients. e. f. 9. On April 15, John paid $200 for the monthly telephone bill. On April 20, John received the bill that billed on April 12th. On April 25, John performed services for $1,000 in cash.
"Using T accounts to record all business transactions."
3.4A. The following accounts and transactions are for
Horace Brock, Landscape Consultant. Analyze the transactions.
Record each in the appropriate T accounts. Use plus and minus signs
in front of the amounts to show the increases and decreases.
Identify each entry in the T accounts. By writing the letter of the
transaction next to the entry.
Assets: Cash, Accounts Receivable, Office Furniture,
Office Equipment
Liabilities: Accounts Payable
Owner’s Equity: Horace Brock –...
Problem 3.4A (Static) Using T accounts to record all business
transactions. LO 3-1, 3-2, 3-4
The following accounts and transactions are for Vincent Sutton,
Landscape Consultant.
Transactions:
Sutton invested $90,000 in cash to start the business.
Paid $6,000 for the current month’s rent.
Bought office furniture for $10,580 in cash.
Performed services for $8,200 in cash.
Paid $1,250 for the monthly telephone bill.
Performed services for $14,000 on credit.
Purchased a computer and copier for $18,000; paid $7,200 in
cash...
without description
Record P2-36B Journalizing transactions, posting journal entries to T-accounts, and preparing a trial balance Beth Stewart started her practice as a design consultant on November 1, 2018. During the first month of operations, the business completed the following transactions: Nov. 1 4 6 7 10 14 15 17 Received $41,000 cash and gave capital to Stewart. Purchased office supplies, $1,200, and furniture, $2,300, on account. Performed services for a law firm and received $2,100 cash. Paid $27,000 cash...
Prepare journal entries for the transactions
below.
A company entered into the following transactions during April.
This is the first month of their operation.
April 1st: Signed a lease and made a payment of
$4,500 to the landlord comprised of three month’s rent covering
April, May, and June.
April 3rd: Purchased equipment on account for
$35,000.
April 4th: Purchased supplies for $2,000, paid with
cash.
April 10th: Performed services and sent a bill of
$57,000 to a customer.
April 15th:...
can someone create a journal entry for this using these
accounts below:
also do number 3 and 4.
this is the second part
Complete the accounting cycle - Journal entries in panel For the past several years, Jeff Horton has operated a part-time consulting business from his home. As of April 1, 2020 Jeff, decided to move to rented quarters and to operate the business which was to be known as Rosebud Consulting, on a full-time basis. Rosebud Consulting entered...
Problem 3.3A Using T accounts to record transactions involving revenues and expenses. LO 3-2, 3-4 The following occurred during June at Hicks Family Counseling. Post the following transactions into the appropriate Taccounts. Transactions: 1. Purchased office supplies for $6,000 in cash. 2. Delivered monthly statements, collected fee income of $52.000 3. Paid the current month's office rent of $10,000. 4. Completed professional counseling, billed client for $8,000. 5. Client paid fee of $4,000 for weekly counseling, previously billed. 6. Paid...
I need part 4 only please, the financial statements
based on the following information and transactions. Please and
thank you!
List of accounts, I do not need the trial balance for this question
posting.
THIS is the part I need please, the financial
statements only.
The following balances appeared in the general ledger accounts of Fenton Table Rentals Corporation at April 1, 2019. April 1 balances: Debit Credit Cash 5,000 Accounts receivable 5,000 Prepaid rent 200 Unused supplies 500 Accounts...
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...
Enter the transactions into the Journal Post the transactions to T-accounts determine each account's ending balance. C. a. 1 March, John bought $2,600 of supplies on account from a local office supplier. b. 15 March, John billed his customers for $4,300 of services for the month. 25 March, John received $3,500 in payments for the services billed on 15 March d. 27 March, John paid $1,200 to the local office supplier for the supplies bought on 1 March General Journal...
P2-30A Journalizing transactions, posting journal entries to
T-accounts, and preparing a trial balance.
P2-30A Journalizing transactions, posting journal entries to T-accounts, and preparing a trial balance Learning Objectives 3,4 4 Toal Debits $50.050 Doris Sewart sarted her practice as a design consulant on September 1, 2015. During the first month of operations, the business completed the following transactions Sep. 1 Received $42,000 cash and gave capital to Stewart 4 Purchased office supplies, $700, and furniture, $1,900, on account 6 Performed...
without description
Record P2-36B Journalizing transactions, posting journal entries to T-accounts, and preparing a trial balance Beth Stewart started her practice as a design consultant on November 1, 2018. During the first month of operations, the business completed the following transactions: Nov. 1 4 6 7 10 14 15 17 Received $41,000 cash and gave capital to Stewart. Purchased office supplies, $1,200, and furniture, $2,300, on account. Performed services for a law firm and received $2,100 cash. Paid $27,000 cash...
can someone create a journal entry for this using these
accounts below:
also do number 3 and 4.
this is the second part
Complete the accounting cycle - Journal entries in panel For the past several years, Jeff Horton has operated a part-time consulting business from his home. As of April 1, 2020 Jeff, decided to move to rented quarters and to operate the business which was to be known as Rosebud Consulting, on a full-time basis. Rosebud Consulting entered...
Problem 3.3A Using T accounts to record transactions involving revenues and expenses. LO 3-2, 3-4 The following occurred during June at Hicks Family Counseling. Post the following transactions into the appropriate Taccounts. Transactions: 1. Purchased office supplies for $6,000 in cash. 2. Delivered monthly statements, collected fee income of $52.000 3. Paid the current month's office rent of $10,000. 4. Completed professional counseling, billed client for $8,000. 5. Client paid fee of $4,000 for weekly counseling, previously billed. 6. Paid...
I need part 4 only please, the financial statements
based on the following information and transactions. Please and
thank you!
List of accounts, I do not need the trial balance for this question
posting.
THIS is the part I need please, the financial
statements only.
The following balances appeared in the general ledger accounts of Fenton Table Rentals Corporation at April 1, 2019. April 1 balances: Debit Credit Cash 5,000 Accounts receivable 5,000 Prepaid rent 200 Unused supplies 500 Accounts...
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...
Enter the transactions into the Journal Post the transactions to T-accounts determine each account's ending balance. C. a. 1 March, John bought $2,600 of supplies on account from a local office supplier. b. 15 March, John billed his customers for $4,300 of services for the month. 25 March, John received $3,500 in payments for the services billed on 15 March d. 27 March, John paid $1,200 to the local office supplier for the supplies bought on 1 March General Journal...
P2-30A Journalizing transactions, posting journal entries to
T-accounts, and preparing a trial balance.
P2-30A Journalizing transactions, posting journal entries to T-accounts, and preparing a trial balance Learning Objectives 3,4 4 Toal Debits $50.050 Doris Sewart sarted her practice as a design consulant on September 1, 2015. During the first month of operations, the business completed the following transactions Sep. 1 Received $42,000 cash and gave capital to Stewart 4 Purchased office supplies, $700, and furniture, $1,900, on account 6 Performed...