Homework Answers
| No | Account Titles and Explanation | Debit | Credit |
| 1 | Supplies | 570 | |
| Accounts Payable | 570 | ||
| 2 | Accounts Receivable | 1,900 | |
| Service Revenue | 1,900 | ||
| 3 | Cash | 780 | |
| Unearned Service Revenue | 780 | ||
| 4 | Cash | 750 | |
| Accounts Receivable | 750 | ||
| 5 | Accounts Payable | 240 | |
| Cash | 240 | ||
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CES Question 5 Cullumber Company had the following transactions during the first week of May. Record...
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...
Question 15 Oriole Company had the following transactions during the first week of May. Record the...
Question 15 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 amit 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....
Cullumber company entered into these transactions during May 2022, Cullumber Company entered into these transactions during...
Cullumber company entered into these transactions during May 2022,
Cullumber Company entered into these transactions during May 2022, its first month of operations. 1. 2. 3. 4. 5. 6. 7. 8. 9. Stockholders invested $37,000 in the business in exchange for common stock of the company. Purchased computers for office use for $33,800 from Ladd on account. Paid $4,500 cash for May rent on storage space. Performed computer services worth $15,400 on account. Performed computer services for Wharton Construction Company...
Question 3 of 6 -/5 Current Attempt in Progress The May transactions of Bramble Corp. were...
Question 3 of 6 -/5 Current Attempt in Progress The May transactions of Bramble Corp. were as follows. May 4 7 В 9 Paid $610 due for supplies previously purchased on account Performed advisory services on account for $6,840. Purchased supplies for $870 on account. Purchased equipment for $1,930 in cash. Paid employees $700 in cash. Received bill for equipment repairs of $800. Paid $1,280 for 12 months of insurance policy. Coverage begins June 1. 17 22 29 Journalize the...
Current Attempt in Progress Selected transactions for Cullumber Corporation during September 2018, its first month in...
Current Attempt in Progress Selected transactions for Cullumber Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $18,000 cash. 2 Paid $1,300 cash for rent for the month of September. 5 Purchased equipment for $9,700, paying $2,000 in cash and the balance on account. 8 Earned $6,900 in revenue, receiving $1,100 cash and $5,800 on account of services provided. 12 Incurred $500 in advertising expense on account. 20 Paid...
- Your answer is partially correct. Cullumber Company, a computer services company, entered into these transactions...
- Your answer is partially correct. Cullumber Company, a computer services company, entered into these transactions during May 2017, its first month of operations. 1. Stockholders invested $42,500 in the business in exchange for common stock of the company. 2 Purchased computers for office use (recorded as Equipment) for $31,900 from Ladd on account. 3. Pald $2,900 cash for May rent on storage space. Performed computer services worth $17,900 on account. 5. Performed computer services for Wharton Construction Company for...
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...
5) Dane Company had the following transactions during the month of September. Record (i.e. write the...
5) Dane Company had the following transactions during the month of September. Record (i.e. write the journal entries) these transactions. September 1 Borrowed $20,000 from the bank, signing loan documents. September 5 Performed services worth $220 for a customer, who paid in cash. September 10 Received a $70 electric bill for the month of August September 15 Performed services worth $350 for a customer, who paid on account. September 20 Paid electric bill (received September 10). September 25 Received full...
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...
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...
Question 15 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 amit 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....
Cullumber company entered into these transactions during May 2022,
Cullumber Company entered into these transactions during May 2022, its first month of operations. 1. 2. 3. 4. 5. 6. 7. 8. 9. Stockholders invested $37,000 in the business in exchange for common stock of the company. Purchased computers for office use for $33,800 from Ladd on account. Paid $4,500 cash for May rent on storage space. Performed computer services worth $15,400 on account. Performed computer services for Wharton Construction Company...
Question 3 of 6 -/5 Current Attempt in Progress The May transactions of Bramble Corp. were as follows. May 4 7 В 9 Paid $610 due for supplies previously purchased on account Performed advisory services on account for $6,840. Purchased supplies for $870 on account. Purchased equipment for $1,930 in cash. Paid employees $700 in cash. Received bill for equipment repairs of $800. Paid $1,280 for 12 months of insurance policy. Coverage begins June 1. 17 22 29 Journalize the...
Current Attempt in Progress Selected transactions for Cullumber Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $18,000 cash. 2 Paid $1,300 cash for rent for the month of September. 5 Purchased equipment for $9,700, paying $2,000 in cash and the balance on account. 8 Earned $6,900 in revenue, receiving $1,100 cash and $5,800 on account of services provided. 12 Incurred $500 in advertising expense on account. 20 Paid...
- Your answer is partially correct. Cullumber Company, a computer services company, entered into these transactions during May 2017, its first month of operations. 1. Stockholders invested $42,500 in the business in exchange for common stock of the company. 2 Purchased computers for office use (recorded as Equipment) for $31,900 from Ladd on account. 3. Pald $2,900 cash for May rent on storage space. Performed computer services worth $17,900 on account. 5. Performed computer services for Wharton Construction Company for...
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...
5) Dane Company had the following transactions during the month of September. Record (i.e. write the journal entries) these transactions. September 1 Borrowed $20,000 from the bank, signing loan documents. September 5 Performed services worth $220 for a customer, who paid in cash. September 10 Received a $70 electric bill for the month of August September 15 Performed services worth $350 for a customer, who paid on account. September 20 Paid electric bill (received September 10). September 25 Received full...
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...
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