Type the appropriate account title in the blank provided. Received utility bill for factory, $20,000. This...
Type the appropriate account title in the blank provided.
Received utility bill for factory, $20,000.
This journal entry would require a debit of $20,000 to the account _____________ , and a credit of $20,000 to the account__________ .
Homework Answers
This journal entry would require a debit of $20,000 to the account Utility Expense , and a credit of $20,000 to the account Accounts Payable
Note:
The Utility expense account is debited as there is an increase in the expense. Also, the accounts payable is credited as there is an increase in the liability.
Add Answer to:
Type the appropriate account title in the blank provided.
Received utility bill for factory, $20,000.
This...
Question 38 12 points) The corporation received a utility bill; the bill will be paid next...
Question 38 12 points) The corporation received a utility bill; the bill will be paid next month. The corporation produces monthly financial statements. The journal entry to record this transaction is debit Utilities Expense; credit Accounts Receivable. debit Utilities Expense; credit Cash. debit Accounts Payable; credit Utilities Expense. debit Utilities Expense; credit Accounts Payable.
A company receives a utility bill each month for services received. The company's policy is to pay the utility bill...
A company receives a utility bill each month for services received. The company's policy is to pay the utility bill within 30 days of receipt. On December 31, 2021, the company receives a utility bill of $4,200 for the month of December and plans to pay the bill by January 30, 2022. What adjusting entry, if any, will the company record on December 31, 2021? Multiple Choice ) Debit Utilities Expense and credit Cash for $4,200 O Debit Utilities Expense...
Question 9 Browse Books, Inc., received and paid its utility bill of $250. As the accountant,...
Question 9 Browse Books, Inc., received and paid its utility bill of $250. As the accountant, you would tell the bookkeeper to debit Cash and credit Utility Expense for $250. debit Cash and credit Utility Payable for $250. debit Utility Receivable and credit Cash for $250. debit Utility Expense and credit Cash for $250. debit Cash and credit Retained Earnings for $250. 1 points Question 10 A company began operations and purchased $5,000 of supplies. By year-end, $3,200 were still...
Entity H received a cellphone bill that it paid immediately. The journal entry to record this...
Entity H received a cellphone bill that it paid immediately. The journal entry to record this transaction will include: a debit to Prepaid Utilities and a credit Cash a debit to Utility Expense and a credit to Accounts Payable a debit to Utility Expense and a credit to Cash a debit to Prepaid Utilities and a credit to Accounts Payable
Corbin's Café received a bill from the electric company for electricity used. The bill is for...
Corbin's Café received a bill from the electric company for electricity used. The bill is for $325 and has not been paid yet. What adjusting entry would Corbin's Café make? Account Titles and Explanation Debit Credit On February 1, 2019 Kelly Company purchased a 1 year insurance policy for $1,200. What is the adjusting entry on March 31st? Account Titles and Explanation Debit Credit
A business received the current month's utility bill for $2,125, and immediately paid it. Which journal...
A business received the current month's utility bill for $2,125, and immediately paid it. Which journal entry is prepared? A.Debit Utilities Payable for $2,125 and credit Cash for $2,125. B.Debit Utilities Expense for $2,125 and credit Cash for $2,125. C.Debit Operating Expense for $2,125 and credit Accounts Payable for $2,125. D.Debit Accounts Payable for $2,125 and credit Cash for $2,125.
Fill in (type in) the blank. The following employee costs were incurred and paid: direct labor...
Fill in (type in) the blank. The following employee costs were incurred and paid: direct labor $295,000; indirect labor $82,000; administrative salaries $180,000. This journal entry would require a debit to work in process for________ , a debit to manufacturing overhead for________ , a debit to salaries expense for _________ , and a credit to cash for $557,000.
answer-> basic type, effect, specific account and amount as shown in pictures Skysong Legal Services had...
answer-> basic type, effect, specific account and amount as
shown in pictures
Skysong Legal Services had the following transactions: 1. 2. 3. Cash is paid for the purchase of $485 of office supplies. Customer is billed $1,840 for services provided that day. Equipment with a cost of $2,380 is purchased on account. The current month's utility bill of $285 is paid in cash. Cash of $740 is received for services provided that day. Cash of $7,120 is received for services...
Review the transactions and determine the accounts, the account types (use assets, liabilities, equity, dividends, revenue,...
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...
Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The cost accountant...
Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning February 1 would be $3,150,000, and total direct labor costs would be $1,800,000. During February, the actual direct labor cost totaled $160,000, and factory overhead cost incurred totaled $283,900. a. What is the predetermined factory overhead rate based on direct labor cost? Enter...
Question 38 12 points) The corporation received a utility bill; the bill will be paid next month. The corporation produces monthly financial statements. The journal entry to record this transaction is debit Utilities Expense; credit Accounts Receivable. debit Utilities Expense; credit Cash. debit Accounts Payable; credit Utilities Expense. debit Utilities Expense; credit Accounts Payable.
A company receives a utility bill each month for services received. The company's policy is to pay the utility bill within 30 days of receipt. On December 31, 2021, the company receives a utility bill of $4,200 for the month of December and plans to pay the bill by January 30, 2022. What adjusting entry, if any, will the company record on December 31, 2021? Multiple Choice ) Debit Utilities Expense and credit Cash for $4,200 O Debit Utilities Expense...
Corbin's Café received a bill from the electric company for electricity used. The bill is for $325 and has not been paid yet. What adjusting entry would Corbin's Café make? Account Titles and Explanation Debit Credit On February 1, 2019 Kelly Company purchased a 1 year insurance policy for $1,200. What is the adjusting entry on March 31st? Account Titles and Explanation Debit Credit
answer-> basic type, effect, specific account and amount as
shown in pictures
Skysong Legal Services had the following transactions: 1. 2. 3. Cash is paid for the purchase of $485 of office supplies. Customer is billed $1,840 for services provided that day. Equipment with a cost of $2,380 is purchased on account. The current month's utility bill of $285 is paid in cash. Cash of $740 is received for services provided that day. Cash of $7,120 is received for services...
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...
Most questions answered within 3 hours.
-
A random sample of size n = 32 is taken from a
population with mean μ...
asked 1 minute from now -
5.) (a) How does go-back-by N ARQ work?
(b) What operations are required for CRC error...
asked 59 seconds ago -
Find the critical value(s) for the specified Wilcoxon
signed-rank test.
Sample size = 10, two-tailed test,...
asked 3 minutes ago -
1) When the centers of two spherical masses are separated by
distance D, the masses exert...
asked 5 minutes ago -
Population Standard Deviation
5.0000
Sample Size
11
Sample Mean
54.9091
Confidence Interval
Confidence Coefficient
0.98
Lower...
asked 21 minutes ago -
Consider a t distribution with 15 degrees of freedom. Compute
P(-1.42<t<1.42). Round your answer to at...
asked 23 minutes ago -
2-chloro-2-methylpropane is classified as a ____.
primary alkyl chloride
secondary alkyl chloride
tertiary alkyl chloride
asked 20 minutes ago -
Help would be greatly appreciated
Mark each of the statements below as True (T) or False...
asked 22 minutes ago -
How the process improvement(poka-yoke, kaizen, deming cycle,
mistake-proofing, DMAIC) people can employ in their work or...
asked 24 minutes ago -
Write a program to control a bread machine. Allow the user to
input the type of...
asked 32 minutes ago -
Turn design in research is an examination of:
Question 5 options:
A)
What and how something...
asked 38 minutes ago -
A particle with a net charge of 1.2 mC is placed in a uniform
electric field...
asked 47 minutes ago