Homework Answers
Sally's Rentals
Adjusting Journal Entries
July 2018
| Date | Account Name and Description | Debit | Credit |
| July 1 |
Cash a/c Dr. To Capital a/c |
$70,000 |
$70,000 |
| July 1 |
Buliding a/c Dr. To Capital a/c |
$1,00,000 |
$1,00,000 |
| July 2 |
Rent a/c Dr. To Cash a/c |
$2,000 |
$2,000 |
| July 5 |
Purchase a/c Dr. To Cash a/c |
$3,000 |
$3,000 |
| July 10 |
Insurance Premium a/c Dr. To Cash a/c |
$6,000 |
$6,000 |
| July 14 |
Salary a/c Dr. To Cash a/c |
$1,000 |
$1,000 |
| July 24 |
Cash a/c Dr. To Rental Fees |
$9,000 |
$9,000 |
| July 28 |
Salary a/c Dr. To Cash a/c |
$1,000 |
$1,000 |
| July 29 |
Repairs a/c Dr. To Cash a/c |
$600 |
$600 |
| July 30 |
Telephone Bill a/c Dr. To Cash a/c |
$200 |
$200 |
| July 31 |
Drawing a/c Dr. To Cash a/c |
$2,200 |
$2,200 |
| Total | $1,95,000 | $1,95,000 |
Add Answer to:
complete the 5 adjusting entries-
A1 Sally's Rentals B C с D E 1 Sally's Renſals...
please post to the unadjusted trial balance and the adjusted entries . the adjusted journal entries...
please post to the unadjusted trial balance and the adjusted
entries . the adjusted journal entries only has 5 entries
(A-E)
References Mailings Review View Help Аавьссос | Аавьсебе Аавьс Аавьссі Аав 1 Normal 1 No Spac. Heading 1 Heading 2 Title Paragraph Styles ACCT 313 Project – Fall 2020 On July 1, 2018, Sally Jo started a rental business, Sally's Rentals. The following transactions occurred during the company's first month: Jul 1 Sally invested $70,000 cash Jul 1 In...
On July 1, 2013, Swarina Patel created a new self-storage business, Patel Storage Co. The following...
On July 1, 2013, Swarina Patel created a new self-storage business, Patel Storage Co. The following transactions occurred during the company's first month July1 Patel invested $30,000 cash and buildings worth $150,000 in the company in exchange for common stock 2 The company rented equipment by paying $2,000 cash for the first month's (July) rent. 5 The company purchased $2,400 of office supplies for cash 10 The company paid $7,200 cash for the premium on a 12-month insurance policy. Coverage...
Clipboard Font Alignment Number H56 B A С E G M D H P N K...
Clipboard Font Alignment Number H56 B A С E G M D H P N K O 1 Requirement #1: 2 During its first month of operation, the Quick Tax Corporation, which specializes in tax preparation 3 completed the following transactions 4 5 July 1 Began business by making a deposit in a company bank account of $60,000, in exchange B for 6,000 shares of $10 par value common stock 7 8 July 3 Paid the current month's ront, $3,500...
I need help recording the following adjusting entries in the General Journal. Adjusting journal Entries. Adj-1...
I need help recording the
following adjusting entries in the General Journal.
Adjusting journal Entries.
Adj-1
Dec. 31
The company has $1,800 of supplies left at month end.
Adj-2
Dec. 31
Record the portion of the Prepaid Insurance used in
December.
Adj-3
Dec. 31
Record one month of depreciation for the building purchased on
December 1st.
Adj-4
Dec. 31
Employees earned $1,200 in salaries the last week in December
that will be paid on January 10th of next year.
Adj-5...
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals....
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts. Cash Capital Stock Accounts Receivable Retained Earnings Prepaid Rent Dividends Unexpired Insurance Income Summary Office Supplies Rental Fees Earned Rental Equipment Salaries Expense Accumulated Depreciation: Rental...
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals....
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts. Cash Capital Stock Accounts Receivable Retained Earnings Prepaid Rent Dividends Unexpired Insurance Income Summary Office Supplies Rental Fees Earned Rental Equipment Salaries Expense Accumulated Depreciation: ...
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals....
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts. Cash Capital Stock Accounts Receivable Retained Earnings Prepaid Rent Dividends Unexpired Insurance Income Summary Office Supplies Rental Fees Earned Rental Equipment Salaries Expense Accumulated Depreciation: Rental...
journal entries On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following...
journal entries
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April 1 Nozomi invested $48,000 cash and computer equipment worth $30,000 in the company in exchange for common stock 2 The company rented furnished office space by paying $2,2ee cash for the first month's (April) rent. 3 The company purchased $1,700 of office supplies for cash. 10 The company paid $3,000 cash for the premium on a...
P3-46 Preparing adjusting entries and preparing an adjusted trial balance This problem continues the Canyon Canoe...
P3-46 Preparing adjusting entries and preparing an adjusted trial balance This problem continues the Canyon Canoe Company situation from Chapter 2. You will need to use the unadjusted trial balance and posted T-accounts that you prepared in Chapter 2. At December 31, the business gathers the following information for the adjusting entries: Office supplies on hand, $165 Rent of one month has been used. (Hint: See Dec. 1 transaction from Chapter 2) Determine the depreciation on the building using straight-line...
Looking for just the adjusting journal entries which is a through g which I think is...
Looking for just the adjusting journal entries which is a
through g which I think is what the questions is looking for.
Data for January Journal Entries: January 1: Mike and Julie opened the business, each contributing $80,000 in cash to the company and receiving Common Stock in return for their investment. de CAMAT Steel Cab January 1: Purchased equipment for $400,000 from Rent-It, paying $50,000 in cash and taking out a one-year $350,000 note payable at a simple interest...
please post to the unadjusted trial balance and the adjusted
entries . the adjusted journal entries only has 5 entries
(A-E)
References Mailings Review View Help Аавьссос | Аавьсебе Аавьс Аавьссі Аав 1 Normal 1 No Spac. Heading 1 Heading 2 Title Paragraph Styles ACCT 313 Project – Fall 2020 On July 1, 2018, Sally Jo started a rental business, Sally's Rentals. The following transactions occurred during the company's first month: Jul 1 Sally invested $70,000 cash Jul 1 In...
On July 1, 2013, Swarina Patel created a new self-storage business, Patel Storage Co. The following transactions occurred during the company's first month July1 Patel invested $30,000 cash and buildings worth $150,000 in the company in exchange for common stock 2 The company rented equipment by paying $2,000 cash for the first month's (July) rent. 5 The company purchased $2,400 of office supplies for cash 10 The company paid $7,200 cash for the premium on a 12-month insurance policy. Coverage...
Clipboard Font Alignment Number H56 B A С E G M D H P N K O 1 Requirement #1: 2 During its first month of operation, the Quick Tax Corporation, which specializes in tax preparation 3 completed the following transactions 4 5 July 1 Began business by making a deposit in a company bank account of $60,000, in exchange B for 6,000 shares of $10 par value common stock 7 8 July 3 Paid the current month's ront, $3,500...
I need help recording the
following adjusting entries in the General Journal.
Adjusting journal Entries.
Adj-1
Dec. 31
The company has $1,800 of supplies left at month end.
Adj-2
Dec. 31
Record the portion of the Prepaid Insurance used in
December.
Adj-3
Dec. 31
Record one month of depreciation for the building purchased on
December 1st.
Adj-4
Dec. 31
Employees earned $1,200 in salaries the last week in December
that will be paid on January 10th of next year.
Adj-5...
journal entries
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April 1 Nozomi invested $48,000 cash and computer equipment worth $30,000 in the company in exchange for common stock 2 The company rented furnished office space by paying $2,2ee cash for the first month's (April) rent. 3 The company purchased $1,700 of office supplies for cash. 10 The company paid $3,000 cash for the premium on a...
Looking for just the adjusting journal entries which is a
through g which I think is what the questions is looking for.
Data for January Journal Entries: January 1: Mike and Julie opened the business, each contributing $80,000 in cash to the company and receiving Common Stock in return for their investment. de CAMAT Steel Cab January 1: Purchased equipment for $400,000 from Rent-It, paying $50,000 in cash and taking out a one-year $350,000 note payable at a simple interest...
Most questions answered within 3 hours.
-
Having conducted the ethics audit, identify the formal and
informal systems that are in need of...
asked 44 minutes ago -
1)a. Using the Born Haber cycle, determine the enthalpy for
lattice formation of MgO.
Mg (s),...
asked 1 hour ago -
6. The Bill of Rights (first 10 Amendments to the US
Constitution) consists of several limitations...
asked 1 hour ago -
What are the ethical issue of using robotics in surgery ? List
the issues based on...
asked 1 hour ago -
URGENT
1. A person standing a certain distance from nine identical
loudspeakers is hearing a sound...
asked 1 hour ago -
If X1 ∼ χ21 and
X2 ∼ χ21 , then? show your
work.
(a) X1 + X2...
asked 1 hour ago -
a fair red die and a fair blue die are rolled. What is the
expected value...
asked 3 hours ago -
How many unpaired electrons would you expect for the complex ion
[FeF6]4-?
0
2
6
3...
asked 2 hours ago -
please briefly explain your idea about the following
paragraph.
Genetic engineering is a process of modifying...
asked 2 hours ago -
When a piece of wood is pressed against a spring and compresses
the spring by 2.00...
asked 2 hours ago -
Organizations that interact with medical patients are subject to
HIPAA compliance.
a. Briefly describe, in your...
asked 4 hours ago -
1. A sociologist examines the relationship between the poverty
rate and several socioeconomic factors. For the...
asked 5 hours ago