Homework Answers
| No. | Account Titles and Explanation | Debit | Credit |
| 1 | Supplies | 480 | |
| Accounts Payable | 480 | ||
| 2 | Accounts Receivable | 1850 | |
| Service Revenue | 1850 | ||
| 3 | Cash | 840 | |
| Unearned Service Revenue | 840 | ||
| 4 | Cash | 650 | |
| Accounts Receivable | 650 | ||
| 5 | Accounts Payable | 250 | |
| Cash | 250 |
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Question 15 Oriole Company had the following transactions during the first week of May. Record the...
Oriole Company had the following transactions during the first week of May. Record the following transactions...
Oriole Company had the following transactions during the first week of May. Record the following transactions in general journal form Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) 1 Purchased supplies on account for $480. 2 Performed services and billed the customer $1,850. 3. Received cash of $840 for services to be performed in June 4. Collected $650 on account. 5. Paid...
Blossom Company had the following transactions during the first week of May. Record the following transactions...
Blossom Company had the following transactions during the first week of May. Record the following transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. Purchased supplies on account for $520. 2. Performed services and billed the customer $1,800. 3. Received cash of $670 for services to be performed in June. 4. Collected $650 on account. 5. Paid...
CES Question 5 Cullumber Company had the following transactions during the first week of May. Record...
CES Question 5 Cullumber Company had the following transactions during the first week of May. Record the following transactions in general Journal form. Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually) 1. Purchased supplies on account for $570. 2. Performed services and billed the customer $1,900. 3. Received cash of $780 for services to be performed in June 4. Collected $750 on...
Pharoah Repair Shop had the following transactions during the first month of business as a proprietorship....
Pharoah Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. (If no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Aug. 2 7 12. Invested $12,320 cash and $2,710 of equipment in the business. Purchased supplies on account for $480. (Debit asset account.) Performed services for clients, for which $1,193...
Question 6 View Policies Current Attempt in Progress Oriole Company had the following two transactions related...
Question 6 View Policies Current Attempt in Progress Oriole Company had the following two transactions related to its delivery truck. 1. Paid $51 for an oil change. 2. Paid $417 to install special shelving units, which increase the operating efficiency of the truck. Prepare Oriole Company's journal entries to record these two transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and...
Oriole Company has the following transactions during August of the current year. Aug. 1 4 Opens...
Oriole Company has the following transactions during August of the current year. Aug. 1 4 Opens an office as a financial advisor, investing $5,200 in cash in exchange for common stock. Pays insurance in advance for 6 months, $1,730 cash. Receives $400 from clients for services performed. Pays secretary $1,110 salary. 16 27 Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the...
Brief Exercise 3-2 Skysong Repair Shop had the following transactions during the first month of business...
Brief Exercise 3-2
Skysong Repair Shop had the following transactions during the
first month of business as a proprietorship. Journalize the
transactions. (If no entry is required, select "No
entry" for the account titles and enter 0 for the amounts. Credit
account titles are automatically indented when amount is entered.
Do not indent manually.)
Aug. 2
Invested $11,630 cash and $2,400 of equipment in the
business.
7
Purchased supplies on account for $490. (Debit asset
account.)
12
Performed services for...
The May transactions of Pina Colada Corp, were as follows.
The May transactions of Pina Colada Corp, were as follows. May 4 Paid $870 due for supplies previously purchased on account. 7 Performed advisory services on account for $7,080. 8 Purchased supplies for $810 on account. 9 Purchased equipment for $2.790 in cash. 17 Paid employees $740 in cash. 22 Received bill for equipment repairs of $840. 29 Paid $1.200 for 12 months of insurance policy. Coverage begins June 1. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically...
for the am Journalize the following transactions for Oriole Company. (If no entry is required, select...
for the am Journalize the following transactions for Oriole Company. (If no entry is required, select "No Entry" for the account titles and enter automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Sept. 1 Purchased supplies for $960 cash. 5 Paid $350 cash dividend to stockholders. 7 Received $4,900 down payment from customer for services to be provided in the future. 16 Received $710 cash from a previously...
Journalize the transactions Vera Ernst is a licensed dentist. During the first month of the operation...
Journalize the transactions
Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested $18,000 cash in her business. 1 Hired a secretary-receptionist at a salary of $600 per week payable monthly. 2 Paid office rent for the month $1,200. 3 Purchased dental supplies on account from Dazzle Company $3,300. 10 Performed dental services and billed insurance companies $5,200. 11 Received $1,400 cash advance from Leah...
Oriole Company had the following transactions during the first week of May. Record the following transactions in general journal form Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) 1 Purchased supplies on account for $480. 2 Performed services and billed the customer $1,850. 3. Received cash of $840 for services to be performed in June 4. Collected $650 on account. 5. Paid...
Blossom Company had the following transactions during the first week of May. Record the following transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. Purchased supplies on account for $520. 2. Performed services and billed the customer $1,800. 3. Received cash of $670 for services to be performed in June. 4. Collected $650 on account. 5. Paid...
CES Question 5 Cullumber Company had the following transactions during the first week of May. Record the following transactions in general Journal form. Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually) 1. Purchased supplies on account for $570. 2. Performed services and billed the customer $1,900. 3. Received cash of $780 for services to be performed in June 4. Collected $750 on...
Pharoah Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. (If no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Aug. 2 7 12. Invested $12,320 cash and $2,710 of equipment in the business. Purchased supplies on account for $480. (Debit asset account.) Performed services for clients, for which $1,193...
Question 6 View Policies Current Attempt in Progress Oriole Company had the following two transactions related to its delivery truck. 1. Paid $51 for an oil change. 2. Paid $417 to install special shelving units, which increase the operating efficiency of the truck. Prepare Oriole Company's journal entries to record these two transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and...
Oriole Company has the following transactions during August of the current year. Aug. 1 4 Opens an office as a financial advisor, investing $5,200 in cash in exchange for common stock. Pays insurance in advance for 6 months, $1,730 cash. Receives $400 from clients for services performed. Pays secretary $1,110 salary. 16 27 Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the...
Brief Exercise 3-2
Skysong Repair Shop had the following transactions during the
first month of business as a proprietorship. Journalize the
transactions. (If no entry is required, select "No
entry" for the account titles and enter 0 for the amounts. Credit
account titles are automatically indented when amount is entered.
Do not indent manually.)
Aug. 2
Invested $11,630 cash and $2,400 of equipment in the
business.
7
Purchased supplies on account for $490. (Debit asset
account.)
12
Performed services for...
The May transactions of Pina Colada Corp, were as follows. May 4 Paid $870 due for supplies previously purchased on account. 7 Performed advisory services on account for $7,080. 8 Purchased supplies for $810 on account. 9 Purchased equipment for $2.790 in cash. 17 Paid employees $740 in cash. 22 Received bill for equipment repairs of $840. 29 Paid $1.200 for 12 months of insurance policy. Coverage begins June 1. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically...
for the am Journalize the following transactions for Oriole Company. (If no entry is required, select "No Entry" for the account titles and enter automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Sept. 1 Purchased supplies for $960 cash. 5 Paid $350 cash dividend to stockholders. 7 Received $4,900 down payment from customer for services to be provided in the future. 16 Received $710 cash from a previously...
Journalize the transactions
Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested $18,000 cash in her business. 1 Hired a secretary-receptionist at a salary of $600 per week payable monthly. 2 Paid office rent for the month $1,200. 3 Purchased dental supplies on account from Dazzle Company $3,300. 10 Performed dental services and billed insurance companies $5,200. 11 Received $1,400 cash advance from Leah...
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