Homework Answers
Answer : option A 2880 debit balance
Cash account balance
Debit 6720
Credit 3840
Balance 2880 debit balance (6720-3840)
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In the first month of operations, the total of the debit entries to the Cash account...
View Policies Current Attempt in Progress In the first month of operations, the total of the...
View Policies Current Attempt in Progress In the first month of operations, the total of the debit entries to the Cash account amounted to $5180 and the total of the credit entries to the Cash account amounted to $2960. At the end of the month, the Cash account has a O $2960 credit balance. O $2220 credit balance. O $2220 debit balance. O $5180 debit balance. View Policies Current Attempt in Progress A company's total liabilities decreased by $141000 and...
Unearned revenues are Question 6 In the first month of operations, the total of the debit...
Unearned revenues are Question 6 In the first month of operations, the total of the debit entries to the cash account amounted to $900 and the total of the credit entries to the cash account amounted to $500. The cash account has aln)
View Policies Current Attempt in Progress In the first month of operations, the total of the...
View Policies Current Attempt in Progress In the first month of operations, the total of the debit entries to the cash account amounted to $1120 and the total of the credit entries to the cash account amounted to $750. The cash account has a(n) O $370 credit balance. 0 $750 credit balance. O $1120 debit balance. O $370 debit balance. Save for Later Attempts: 0 of 1 used Submit Answer
= View Policies Current Attempt in Progress In the first month of operations for Swifty Industries,...
= View Policies Current Attempt in Progress In the first month of operations for Swifty Industries, the total of the debit entries to the cash account amounted to $35300 ($16700 investment by the owner and revenues of $18600). The total of the credit entries to the cash account amounted to $21800 (purchase of equipment $8500 and payment of expenses $13300). At the end of the month, the cash account has aln) O $5100 credit balance. O $13500 debit balance. O...
Current Attempt in Progress In the first month of operations for Bramble Industries, the total of...
Current Attempt in Progress In the first month of operations for Bramble Industries, the total of the debit entries to the cas account amounted to $35300 ($15800 investment by stockholders and revenues of $19500). The total of the credit entries to the cash account amounted to $21900 (purchase of equipment $8400 and payment of expenses $13100). At the end of the month, the cash account has a(n) $13400 debit balance. $13400 credit balance. $6100 debit balance. $6100 credit balance. Save...
Journal entries, t-accounts and Trial balance Question Help During the first month of operations. Smith Services,...
Journal entries, t-accounts and Trial balance
Question Help During the first month of operations. Smith Services, Inc., completed the following transactions (Click the icon to view the transaction data) Read the requirements Requirement 1. Record each transaction in the journal Key each transaction by date. Explanations are not required (Record debits first, then credits. Exclude explanations from journal entries) Od 2. Smith Services received $65,000 cash and issued common stock to the stockholders Journal Entry Accounts Date Debit Credit try)...
uring February 2022 its first month of operations, the owner of Pharoah Company invested cash of...
uring February 2022 its first month of operations, the owner of Pharoah Company invested cash of $124000 Pharosh had cash sales of $24800 and paid expenses of $43400. Assuming no other transactions mpacted the cash account, what is the balance in Cash at February 28, 2022 $80600 credit $148800 debit $18600 credit 5105400 debit
During February 2020 its first month of operations, the owner of Marigold Co. invested cash of...
During February 2020 its first month of operations, the owner of Marigold Co. invested cash of $49200. Marigold had cash revenues of $9200 and paid expenses of $13900. Assuming no other transactions impacted the cash account, what is the balance in Cash at February 29? a $4700 debit b $53900 debit c $44500 debit d $4700 credit
Lena Fohn is a licensed accountant. During the first month of operations of her business, Windsor,...
Lena Fohn is a licensed accountant. During the first month of
operations of her business, Windsor, Inc., the following events and
transactions occurred.
Lena Fohn is a licensed accountant. During the first month of operations of her business, Windsor, Inc., the following events and transactions occurred. May 1 Shareholders invested €20,752 cash in exchange for ordinary shares. 2 Hired a secretary-receptionist at a salary of €2,024 per month. 3 Purchased €2,600 of supplies on account from Hartig Supply Company. 7...
Selected transactions from the journal of Skysong, Inc. during its first month of operations are presented...
Selected transactions from the journal of Skysong, Inc. during
its first month of operations are presented here.
Selected transactions from the journal of Skysong, Inc. during its first month of operations are presented here. Date Account Titles Debit Credit Aug. Cash 6,700 1 Common Stock 6,700 Cash 1,900 Service Revenue 1,900 - 12 Equipment 6,200 Cash 2,020 Notes Payable 4,180 25 Accounts Receivable 2,910 Service Revenue 2,910 31 Cash 590 Accounts Receivable 590 Post the transactions to T-accounts.(Post entries in...
View Policies Current Attempt in Progress In the first month of operations, the total of the debit entries to the Cash account amounted to $5180 and the total of the credit entries to the Cash account amounted to $2960. At the end of the month, the Cash account has a O $2960 credit balance. O $2220 credit balance. O $2220 debit balance. O $5180 debit balance. View Policies Current Attempt in Progress A company's total liabilities decreased by $141000 and...
Unearned revenues are Question 6 In the first month of operations, the total of the debit entries to the cash account amounted to $900 and the total of the credit entries to the cash account amounted to $500. The cash account has aln)
View Policies Current Attempt in Progress In the first month of operations, the total of the debit entries to the cash account amounted to $1120 and the total of the credit entries to the cash account amounted to $750. The cash account has a(n) O $370 credit balance. 0 $750 credit balance. O $1120 debit balance. O $370 debit balance. Save for Later Attempts: 0 of 1 used Submit Answer
= View Policies Current Attempt in Progress In the first month of operations for Swifty Industries, the total of the debit entries to the cash account amounted to $35300 ($16700 investment by the owner and revenues of $18600). The total of the credit entries to the cash account amounted to $21800 (purchase of equipment $8500 and payment of expenses $13300). At the end of the month, the cash account has aln) O $5100 credit balance. O $13500 debit balance. O...
Current Attempt in Progress In the first month of operations for Bramble Industries, the total of the debit entries to the cas account amounted to $35300 ($15800 investment by stockholders and revenues of $19500). The total of the credit entries to the cash account amounted to $21900 (purchase of equipment $8400 and payment of expenses $13100). At the end of the month, the cash account has a(n) $13400 debit balance. $13400 credit balance. $6100 debit balance. $6100 credit balance. Save...
Journal entries, t-accounts and Trial balance
Question Help During the first month of operations. Smith Services, Inc., completed the following transactions (Click the icon to view the transaction data) Read the requirements Requirement 1. Record each transaction in the journal Key each transaction by date. Explanations are not required (Record debits first, then credits. Exclude explanations from journal entries) Od 2. Smith Services received $65,000 cash and issued common stock to the stockholders Journal Entry Accounts Date Debit Credit try)...
uring February 2022 its first month of operations, the owner of Pharoah Company invested cash of $124000 Pharosh had cash sales of $24800 and paid expenses of $43400. Assuming no other transactions mpacted the cash account, what is the balance in Cash at February 28, 2022 $80600 credit $148800 debit $18600 credit 5105400 debit
Lena Fohn is a licensed accountant. During the first month of
operations of her business, Windsor, Inc., the following events and
transactions occurred.
Lena Fohn is a licensed accountant. During the first month of operations of her business, Windsor, Inc., the following events and transactions occurred. May 1 Shareholders invested €20,752 cash in exchange for ordinary shares. 2 Hired a secretary-receptionist at a salary of €2,024 per month. 3 Purchased €2,600 of supplies on account from Hartig Supply Company. 7...
Selected transactions from the journal of Skysong, Inc. during
its first month of operations are presented here.
Selected transactions from the journal of Skysong, Inc. during its first month of operations are presented here. Date Account Titles Debit Credit Aug. Cash 6,700 1 Common Stock 6,700 Cash 1,900 Service Revenue 1,900 - 12 Equipment 6,200 Cash 2,020 Notes Payable 4,180 25 Accounts Receivable 2,910 Service Revenue 2,910 31 Cash 590 Accounts Receivable 590 Post the transactions to T-accounts.(Post entries in...
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