Cash
Debit Credit
Date | Description | Amount | Date | Description | Amount |
Aug 1 | Owners Capital | 7100 | Aug 12 | Equipment | 3266 |
Aug 10 | Service Revenue | 3692 | |||
Aug 31 | Accounts Receivable | 1278 |
Accounts Receivable
Debit Credit
Date | Description | Amount | Date | Description | Amount |
Aug 25 | Service Revenue | 2414 | Aug 31 | Cash | 1278 |
Equipment
Debit Credit
Date | Description | Amount | Date | Description | Amount |
12 Aug | Cash | 3266 | |||
12 Aug | Notes Payable | 3834 |
Notes Payable
Debit Credit
Date | Description | Date | Description | Amount |
Aug 12 | Equipment | 3834 | ||
Owner's Capital
Debit Credit
Date | Description | Amount | Date | Description | Amount |
Aug 1 | Cash | 7100 | |||
Service Revenue
Debit Credit
Date | Description | Amount | Date | Description | Amount |
Aug 10 | Cash | 3692 | |||
Aug 25 | Account Receivable | 2414 |
Question 1 of 6 CUTEL ALLEIPURITIUS του Selected transactions from the journal of June Feldman, investment...
Selected transactions from the journal of June Feldman, investment broker, are presented below. Ref. Credit Date Aug. 1 Debit 5,750 Account Titles and Explanation Cash Owner's Capital (Owner's investment of cash in business) Cash 5,750 10 2,990 Service Revenue 2.990 12 5,750 2,645 3,105 25 (Received cash for services performed) Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) Accounts Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) 1,955 1,955...
Exercise 2-11 a-b (Video) Selected transactions from the Journal of June Feldman, Investment broker, are presented below. Ref. Credit Debit 6,550 6,550 3,406 3,406 6,550 3,013 3,537 Date Account Titles and Explanation Aug. 1 Cash Owner's Capital (Owner's investment of cash in business) 10 Cash Service Revenue (Received cash for services performed) 12 Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) 25 Accounts Receivable Service Revenue (illed dients for services performed) 31 Cash Accounts Receivable (Receipt of...
Selected transactions from the journal of June Feldman, investment broker, are presented below. Ref. Credit Date Aug. 1 Debit 5.450 5,450 2.834 10 2.834 5.450 12 Account Titles and Explanation Cash Owner's Capital (Owner's investment of cash in business) Cash Service Revenue (Received cash for services performed) Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) Accounts Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) 2.507 2.943 1.853 25 1.853...
Selected transactions from the journal of Concord Corporation, are presented below. Date Account Titles and Explanation Debit Credit Aug. 1 Cash 59,400 Common Stock 59,400 (Investment of cash for stock) 10 Cash 26,730 Service Revenue 26,730 (Received cash for services performed) 12 Equipment 49,500 Cash 7,920 Notes Payable 41,580 (Purchased office equipment for cash and notes payable) 25 Account Receivable 15,840 Service Revenue 15,840 (Billed clients for services performed) 31 Cash 8,712 Accounts Receivable 8,712 (Receipt of cash on account)...
Selected transactions from the journal of Concord Corporation, are presented below. Date Account Titles and Explanation Debit Credit Aug. 1 Cash 59,400 Common Stock 59,400 (Investment of cash for stock) 10 Cash 26,730 Service Revenue 26,730 (Received cash for services performed) 12 Equipment 49,500 Cash 7,920 Notes Payable 41,580 (Purchased office equipment for cash and notes payable) 25 Account Receivable 15,840 Service Revenue 15,840 (Billed clients for services performed) 31 Cash 8,712 Accounts Receivable 8,712 (Receipt of cash on account)...
Exercise 2-11 Selected transactions from the journal of Cheyenne Corp., are presented below. Credit Debit 45,900 45,900 20,655 20,655 38,250 Date Account Titles and Explanation Aug. 1 Cash Common Stock (Investment of cash for stock) 10 Cash Service Revenue (Received cash for services performed) 12 Equipment Cash Notes Payable (Purchased office equipment for cash and notes payable) 25 Account Receivable Service Revenue (Billed clients for services performed) 31 Cash Accounts Receivable (Receipt of cash on account) 6,120 32,130 12,240 12,240...
Selected transactions from the journal of Splish Brothers Inc. during its first month of operations are presented here. Account Titles Debit Credit Date Aug 1 Cash 7,700 7.700 10 1.250 1.250 12 6,400 Common Stock Cash Service Revenue Equipment Cash Notes Payable Accounts Receivable Service Revenue Cash Accounts Receivable 1.550 4,850 25 2.890 2,890 31 500 500 (a) Post the transactions to accounts. (Post entries in the order of journal entries presented in the question) Cash Accounts Receivable Equipment Equipment...
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...
Selected transactions from the journal of Sage Hill Inc. during its first month of operations are presented here. Date Account Titles Debit Credit Aug. Cash 8,500 1 Common Stock 8,500 Cash 1,800 Service Revenue 1,800 Equipment 6,950 Cash 1,600 Notes Payable 5,350 Accounts Receivable 3,420 Service Revenue 3,420 31 Cash 700 Accounts Receivable 700 Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the question.) Cash Accounts Receivable Equipment Notes Payable Common Stock 1...
Selected transactions from the journal of Sage Hill Inc. during its first month of operations are presented here. Credit Debit 6,500 6,500 1,650 1,650 6,150 Date Account Titles Aug. 1 Cash Common Stock 10 Cash Service Revenue 12 Equipment Cash Notes Payable 25 Accounts Receivable Service Revenue 31 Cash Accounts Receivable 790 5,360 2,650 2,650 660 660 Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the question.) Cash Accounts Receivable Equipment Notes Payable...