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Check my wor Brief Exercise 2-10 Analyze the Impact of transactions on the accounting equation, record...
Brief Exercise 2-3 (Algo) T-accounts (LO2-4) The Marchetti Soup Company entered into the following transactions during...
Brief Exercise 2-3 (Algo) T-accounts (LO2-4) The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $205,000 (assume Marchetti uses a perpetual inventory system); (2) paid $52,000 in salaries to employees for work performed during the month; (3) sold merchandise that cost $144,000 to credit customers for $260,000; (4) collected $240,000 in cash from credit customers; and (5) paid suppliers of inventory $185,000. Post the above transactions to the below...
Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. 1. Accounts Receivable Service...
Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. 1. Accounts Receivable Service Revenue Debit Credit 8,800 8,800 2. Supplies Accounts Payable 1,600 1,600 8,800 3. Cash Accounts Receivable 8,800 1,100 Advertising 4. Expense Cash 1,100 5. Accounts Payable Cash 2,300 2,300 1,200 6. Cash Deferred Revenue 1,200 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $2,000; Accounts Receivable, $2,800;...
Exercise 2-19 Record transactions, post to T-accounts, and prepare a trial balance (LO2-4,2-5, 2-6) (The following...
Exercise 2-19 Record transactions, post to T-accounts, and prepare a trial balance (LO2-4,2-5, 2-6) (The following information applies to the questions displayed below) Green Wave Company plans to own and operate a storage rental facility. For the first month of operations, the company has the following transactions, 1. January 1 Issue 10,000 shares of common stock in exchange for $39.000 in cash 2. January 5 Purchase land for $22,500. A note payable is signed for the full amount 3. Janunry...
Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) (The...
Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) (The following information applies to the questions displayed below.) Bollermaker House Painting Company incurs the following transactions for September. 1. September 3 Paint houses in the current month for $17,500 on account. 2. September 8 Purchase painting equipnent for $18,500 cash. 3. September 12 Purchase office supplies on account for $3,000. 4. September 15 Pay employee salaries of $3,700 for the current month. 5. September...
Please answer these blanks with number and please use same chart like this so i will...
Please answer these blanks with number and please use same chart
like this so i will be able to input the number into the blank
correctly.
Please help me!!!!
Required information The following information applies to the questions displayed below.] The following transactions occur for the Wolfpack Shoe Company during the month of June a. Provide services to customers for $21,500 and receive cash. b. Purchase office supplies on account for $11,500 c. Pay $5,300 in salaries to employees for...
Required information Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5,...
Required information Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) The following information applies to the questions displayed below.) Boilermaker House Painting Company incurs the following transactions for September 1. September 3 Paint houses in the current month for $17,500 on account. 2. September 8 Purchase painting equipment for $18,500 cash. 3. September 12 Purchase office supplies on account for $3,000. 4. September 15 Pay employee salaries of $3,700 for the current month....
Brief Exercise 2-4 Analyze the impact of transactions on the accounting equation (LO2-2) The following transactions...
Brief Exercise 2-4 Analyze the impact of transactions on the accounting equation (LO2-2) The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account for $47,000. b. Receive cash of $39,000 from customers in (a) above. c. Purchase bike equipment by signing a note with the bank for $32,000. d. Pay utilities of $4,700 for the current month. Analyze each transaction and indicate the amount of increases and decreases in the...
Exercise 2-14 Post transactions to Cash T-account (LO2-5) Consider the following transactions. 1. Receive cash from...
Exercise 2-14 Post transactions to Cash T-account (LO2-5) Consider the following transactions. 1. Receive cash from customers, $15,600. 2. Pay cash for employee salaries, $9,600. 3. Pay cash for rent, $3,600 4. Receive cash from sale of equipment, $8,600. 5. Pay cash for utilities, $1,600. 6. Receive cash from a bank loan. $4,600 7. Pay cash for advertising, $7,600 8. Purchase supplies on account, $3,600 Required: Post transactions to the Cash T-account and calculate the ending balance Cash Beg. bal....
Homework 3 Saved Help Save & Exit Submit Check my work Part 2 of 2 Required...
Homework 3 Saved Help Save & Exit Submit Check my work Part 2 of 2 Required information The following information applies to the questions displayed below.) Ricky's Plano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: points $10,050 4,600 eBook Cash Accounts Receivable Supplies Equipment Land Building $ 5,800 Accounts Payable 33.750 Deferred Revenue...
Required information Exercise 3-22A Recording events in the general journal, posting to T-accounts, and preparing closing...
Required information Exercise 3-22A Recording events in the general journal, posting to T-accounts, and preparing closing entries LO 3-1, 3-2, 3-3, 3-4 [The following information applies to the questions displayed below.) At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts: Account Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 34,900 15,600 10,500 28,100 11,900 The following events apply to Oak Consulting for Year 2: 1. Provided $66,100 of services on...
Brief Exercise 2-3 (Algo) T-accounts (LO2-4) The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $205,000 (assume Marchetti uses a perpetual inventory system); (2) paid $52,000 in salaries to employees for work performed during the month; (3) sold merchandise that cost $144,000 to credit customers for $260,000; (4) collected $240,000 in cash from credit customers; and (5) paid suppliers of inventory $185,000. Post the above transactions to the below...
Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. 1. Accounts Receivable Service Revenue Debit Credit 8,800 8,800 2. Supplies Accounts Payable 1,600 1,600 8,800 3. Cash Accounts Receivable 8,800 1,100 Advertising 4. Expense Cash 1,100 5. Accounts Payable Cash 2,300 2,300 1,200 6. Cash Deferred Revenue 1,200 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $2,000; Accounts Receivable, $2,800;...
Exercise 2-19 Record transactions, post to T-accounts, and prepare a trial balance (LO2-4,2-5, 2-6) (The following information applies to the questions displayed below) Green Wave Company plans to own and operate a storage rental facility. For the first month of operations, the company has the following transactions, 1. January 1 Issue 10,000 shares of common stock in exchange for $39.000 in cash 2. January 5 Purchase land for $22,500. A note payable is signed for the full amount 3. Janunry...
Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) (The following information applies to the questions displayed below.) Bollermaker House Painting Company incurs the following transactions for September. 1. September 3 Paint houses in the current month for $17,500 on account. 2. September 8 Purchase painting equipnent for $18,500 cash. 3. September 12 Purchase office supplies on account for $3,000. 4. September 15 Pay employee salaries of $3,700 for the current month. 5. September...
Please answer these blanks with number and please use same chart
like this so i will be able to input the number into the blank
correctly.
Please help me!!!!
Required information The following information applies to the questions displayed below.] The following transactions occur for the Wolfpack Shoe Company during the month of June a. Provide services to customers for $21,500 and receive cash. b. Purchase office supplies on account for $11,500 c. Pay $5,300 in salaries to employees for...
Required information Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) The following information applies to the questions displayed below.) Boilermaker House Painting Company incurs the following transactions for September 1. September 3 Paint houses in the current month for $17,500 on account. 2. September 8 Purchase painting equipment for $18,500 cash. 3. September 12 Purchase office supplies on account for $3,000. 4. September 15 Pay employee salaries of $3,700 for the current month....
Brief Exercise 2-4 Analyze the impact of transactions on the accounting equation (LO2-2) The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account for $47,000. b. Receive cash of $39,000 from customers in (a) above. c. Purchase bike equipment by signing a note with the bank for $32,000. d. Pay utilities of $4,700 for the current month. Analyze each transaction and indicate the amount of increases and decreases in the...
Exercise 2-14 Post transactions to Cash T-account (LO2-5) Consider the following transactions. 1. Receive cash from customers, $15,600. 2. Pay cash for employee salaries, $9,600. 3. Pay cash for rent, $3,600 4. Receive cash from sale of equipment, $8,600. 5. Pay cash for utilities, $1,600. 6. Receive cash from a bank loan. $4,600 7. Pay cash for advertising, $7,600 8. Purchase supplies on account, $3,600 Required: Post transactions to the Cash T-account and calculate the ending balance Cash Beg. bal....
Homework 3 Saved Help Save & Exit Submit Check my work Part 2 of 2 Required information The following information applies to the questions displayed below.) Ricky's Plano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: points $10,050 4,600 eBook Cash Accounts Receivable Supplies Equipment Land Building $ 5,800 Accounts Payable 33.750 Deferred Revenue...
Required information Exercise 3-22A Recording events in the general journal, posting to T-accounts, and preparing closing entries LO 3-1, 3-2, 3-3, 3-4 [The following information applies to the questions displayed below.) At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts: Account Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 34,900 15,600 10,500 28,100 11,900 The following events apply to Oak Consulting for Year 2: 1. Provided $66,100 of services on...
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Industry: Telecommunications in India
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