Activity 2.b - Record Transactions as Journal Entries Enter the following transactions as journal entries. Record...
Review the transactions and determine the accounts, the account types (use assets, liabilities, equity, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. Check your spelling carefully and do not abbreviate. Refer to the for account titles Provided services on account. Account Name Account Type Increase/Decrease Debit/Credit Purchase of building with note Account Name Account Type Increase/Decrease Debit/Credit Enter the following transactions as journal entries. Record debits first, then credits Received $7,000 utility bill to be paid...
Requirement 1. Record the AprilApril transactions in the journal. Include an explanation for each entry. (Record debits first, then credits. Select the explanations on the last line of the journal entry table. Check your spelling carefully and do not abbreviate. When applicable, use only the account names provided in the trial balance.) Apr.Apr. Requirement 1. Record the April transactions in the journal. Include an explanation for each entry. (Record debits first, then credits. Select the explanations on the last line...
Please help with November 9th journal entry. Prepare journal entries to record the following transactions entered into by the Sheridan Company: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) 2021 June 1 Received a $15,000,8%, 1-year note from Dan Gore as full payment on his account. Nov. 1 Sold merchandise on account to Barlow, Inc., for $17,000, terms 2/10,n/30. Nov. 5 Barlow, Inc.,...
. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Land; Building; Furniture; Accounts Payable; Utilities Payable; Notes Payable; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. Check your spelling carefully and do not abbreviate. When applicable, use only the account names provided in the problem statement.) Requirement 1. Record each transaction in...
oyuncu 1 yuncu 2 Neyulius repare general journal entries to record these transactions using the following titles: Cash (101); Account upplies (124); Prepaid Insurance (128); Prepaid Rent (131), Office Equipment (163); Accounts Payable 301); D. Brooks, Withdrawals (302); Services Revenue (403); and Utilities Expense (690). View transaction list Journal entry worksheet 2 3 5 6 7 8 12 ES The company prepaid $7,000 cash for six months' rent for an office. (Hint: Debit Prepaid Rent for $7,000.) Note: Enter debits...
eneral Journal Entries (30 points) 2. Gen al journal entries to record these transactions. Larry Matt completed these during December of the current year: are general jou sactions during Dec Regan a financial services practice by investing $15,000 cash and office equipment having a $5,000 value. Purchased $1,200 of office equipment on credit Purchased $300 of office supplies on credit Completed work for a client and immediately received a payment of $900 cash Completed work for Precept Paper Co. on...
Prepare journal entries to record the following transactions entered into by the Novak Corp.: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) 2021 June 1 Received a $15,000,6%, 1-year note from Dan Gore as full payment on his account. Nov. 1 Sold merchandise on account to Barlow, Inc., for $17,000, terms 3/10,n/30. Nov. 5 Barlow, Inc., returned merchandise worth $1,000. Nov. 9 Received...
T12-3 (similar to) Question Help 21. EBM Consulting Services had the following transactions for the month of November. Journalize the transactions and include an explanation with each entry (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Click the icon to view the transactions.) ts ork Test Nov. 1: The business received $11,000 cash and issued common stock. Accounts and Explanation Date Debit Credit Nov. 1 Question Viewer Accounts and Explanation Debit...
Prepare the journal entries for the following petty cash transactions of Pawnee Gaming Supplies: Nov. Established a petty cash fund with a $150 balance. 1 The petty cash fund has $14 in cash and $142 in petty cash tickets that were issued to pay for Office Supplies ($52) and Entertainment Expense ($90). Replenished the fund and recorded the expenses Increased the balance of the petty cash fund to $300. 30 Dec. 15 Prepare journal entries. (Record debits first, then, credits....
Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual inventory system and the gross method. Nov. 5 Purchased 850 units of product at a cost of $10 per unit. Terms of the sale are 3/10, n/60; the invoice is dated November 5. Nov. 7 Returned 30 defective units from the November 5 purchase and received full credit. Nov. 15 Paid the amount due from the November 5 purchase, minus the...