Homework Answers
| Date | Account | Debit | Credit |
| Mar. 4 | Office Supplies | 900 | |
| Accounts Payable | 700 | ||
| Cash | 200 | ||
| Mar. 5 | Accounts Receivable | 1000 | |
| Service Revenue | 1000 | ||
| Mar. 6 | Cash | 1500 | |
| Accounts Receivable | 1500 |
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Journalize the following transactions in proper form, include dates (omit explanations). Mar. 4 Purchased office supplies...
Plz , I would like to check my answers if they are correct. please anyone help...
Plz , I would like to check my answers if they are
correct. please anyone help me answers these questions. thx a
lot!!
Question 24 Not yet answered On July 1, Orange, Inc. paid rent of $15,000 for a small equipment storage area from July 1 until December 31. Provide the adjusting journal entry on July 31. Assume the deferred expense is initially recorded as an asset. Include the date...omit the explanation. Show your work for all calculated numbers and...
The following transactions have been journalized and posted to the proper accounts. March is the first...
The following transactions have been journalized and posted to the proper accounts. March is the first month of business operations for the sole proprietorship. Mar. 1: The business received $7.000 cash from the owner in exchange for capital. Mar. 2: Paid the first month's rent of $800. Mar. 3: Purchased equipment by paying $3,000 cash and executing a note payable for $4,000. Mar. 4: Purchased office supplies for $750 cash Mar. 5: Billed a client for $12.000 of design services...
Journalize the following transactions. Include dates and a brief explanation for each journal entry. (Click the...
Journalize the following transactions. Include dates and a brief explanation for each journal entry. (Click the icon to view the transactions.) Journalize the following transactions for July. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Check your spelling carefully and do not abbreviate.) July 1: Issued common stock for $14,000 Journal Entry Accounts and Explanations Credit Date Debit Jul July 5: Performed services on account for $12,000 no July 1: Issued...
A sole proprietorship reported the following transactions for the month of March. The transactions have been...
A sole proprietorship reported the following transactions for the month of March. The transactions have been journalized and posted to the proper accounts. Mar. 1 The business received $7,000 cash from the owner in exchange for capital Mar. 2 Paid the first month's rent of $800, Mar. 3 Purchased equipment by paying $3,000 cash and executing a note payable for $3,000, Mar. 4 Purchased office supplies for $700 cash. Mar. 5 Billed a client for $13,000 of design services completed,...
The following transactions have been journalized and posted to the proper accounts. 1. Mark Call invested...
The following transactions have been journalized and posted to the proper accounts. 1. Mark Call invested $7,000 cash in his new design services business. 2. The business paid the first month's rent with $700 cash. 3. The business purchased equipment by paying $2,000 down and executing a note payable for $4,500. 4. The business purchased supplies for $850 cash 5. The business billed its clients a total of $4,000 for design services rendered. 6. The business collected $3,000 on account...
This Question: 4 pts The following transactions for the month of March have been journalized and...
This Question: 4 pts The following transactions for the month of March have been journalized and posted to the proper accounts of a sole proprietorship Mar. 1 The business received $8,000 cash from the owner of the business, Morris Tharps. The business gave capital to Morris Tharps. Mar.2 Paid the first month's rent of $600 Mar. 3 Purchased equipment by paying $2,500 cash and executing a note payable for $9,000. Mar. 4 Purchased office supplies for $740 cash. Mar. 5...
19. A. Journalize the following selected transactions for January. Explanations may be omitted. B. Fom accounts....
19. A. Journalize the following selected transactions for January. Explanations may be omitted. B. Fom accounts. CA Jan. 1 Received cash from the sale of common stock, S14,000. Received cash for providing accounting services, 59,500. Billed customers on account for providing services, S4,200. Paid advertising expense, $700. Received cash from customers on account, $2,500. Paid dividends, $1,010. Received telephone bill, $900. Paid telephone bill, 5900 Date Description Post. Debit Ref. Credit FANTO-
Transactions Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office...
Transactions Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Fees Eamed, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense. Journalize the following selected transactions for October 20Y2 in a two-column journal. Journal entry explanations may be omitted. If an amount box does not require an entry, leave it blank Oct. 1. Paid rent for the month, $2,500. 4. Pald advertising expense, $1,000 5. Paid cash...
Current Attempt in Progress Journalize the following transactions for Cullumber Company. (If no entry is required,...
Current Attempt in Progress Journalize the following transactions for Cullumber Company. (If no entry is required, select "No Entry for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Sept. 1 5 7 Purchased supplies for $1,100 cash. Paid $490 cash dividend to stockholders. Received $6,300 down payment from customer for services to be provided in...
Journalize the following business transactions in general journal form. Identify each transaction by number. You may...
Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) 1. 2. 3. 4. 5. The owner, Mai Li, invests $40,000 in cash in starting a real estate office operating as a sole proprietorship. Purchased $500 of...
Plz , I would like to check my answers if they are
correct. please anyone help me answers these questions. thx a
lot!!
Question 24 Not yet answered On July 1, Orange, Inc. paid rent of $15,000 for a small equipment storage area from July 1 until December 31. Provide the adjusting journal entry on July 31. Assume the deferred expense is initially recorded as an asset. Include the date...omit the explanation. Show your work for all calculated numbers and...
The following transactions have been journalized and posted to the proper accounts. March is the first month of business operations for the sole proprietorship. Mar. 1: The business received $7.000 cash from the owner in exchange for capital. Mar. 2: Paid the first month's rent of $800. Mar. 3: Purchased equipment by paying $3,000 cash and executing a note payable for $4,000. Mar. 4: Purchased office supplies for $750 cash Mar. 5: Billed a client for $12.000 of design services...
Journalize the following transactions. Include dates and a brief explanation for each journal entry. (Click the icon to view the transactions.) Journalize the following transactions for July. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Check your spelling carefully and do not abbreviate.) July 1: Issued common stock for $14,000 Journal Entry Accounts and Explanations Credit Date Debit Jul July 5: Performed services on account for $12,000 no July 1: Issued...
A sole proprietorship reported the following transactions for the month of March. The transactions have been journalized and posted to the proper accounts. Mar. 1 The business received $7,000 cash from the owner in exchange for capital Mar. 2 Paid the first month's rent of $800, Mar. 3 Purchased equipment by paying $3,000 cash and executing a note payable for $3,000, Mar. 4 Purchased office supplies for $700 cash. Mar. 5 Billed a client for $13,000 of design services completed,...
The following transactions have been journalized and posted to the proper accounts. 1. Mark Call invested $7,000 cash in his new design services business. 2. The business paid the first month's rent with $700 cash. 3. The business purchased equipment by paying $2,000 down and executing a note payable for $4,500. 4. The business purchased supplies for $850 cash 5. The business billed its clients a total of $4,000 for design services rendered. 6. The business collected $3,000 on account...
This Question: 4 pts The following transactions for the month of March have been journalized and posted to the proper accounts of a sole proprietorship Mar. 1 The business received $8,000 cash from the owner of the business, Morris Tharps. The business gave capital to Morris Tharps. Mar.2 Paid the first month's rent of $600 Mar. 3 Purchased equipment by paying $2,500 cash and executing a note payable for $9,000. Mar. 4 Purchased office supplies for $740 cash. Mar. 5...
19. A. Journalize the following selected transactions for January. Explanations may be omitted. B. Fom accounts. CA Jan. 1 Received cash from the sale of common stock, S14,000. Received cash for providing accounting services, 59,500. Billed customers on account for providing services, S4,200. Paid advertising expense, $700. Received cash from customers on account, $2,500. Paid dividends, $1,010. Received telephone bill, $900. Paid telephone bill, 5900 Date Description Post. Debit Ref. Credit FANTO-
Transactions Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Fees Eamed, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense. Journalize the following selected transactions for October 20Y2 in a two-column journal. Journal entry explanations may be omitted. If an amount box does not require an entry, leave it blank Oct. 1. Paid rent for the month, $2,500. 4. Pald advertising expense, $1,000 5. Paid cash...
Current Attempt in Progress Journalize the following transactions for Cullumber Company. (If no entry is required, select "No Entry for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Sept. 1 5 7 Purchased supplies for $1,100 cash. Paid $490 cash dividend to stockholders. Received $6,300 down payment from customer for services to be provided in...
Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) 1. 2. 3. 4. 5. The owner, Mai Li, invests $40,000 in cash in starting a real estate office operating as a sole proprietorship. Purchased $500 of...
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