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Journalize this transaction
June 11 Received a check from Western National Credit Card Company for $7,880.28...
Here is Shen's credit card statement for the month of June. Date Transaction June 1 Beginning balance June 8 Purchase J...
Here is Shen's credit card statement for the month of June. Date Transaction June 1 Beginning balance June 8 Purchase June 21 Purchase June 25 Payment Transaction amount $2600.75 $89.06 $910.90 $750.00 (a) Use the credit card statement to help fill in the table below. Note that there are 30 days in June. Also, a purchase increases the unpaid balance, and a payment decreases the unpaid balance. Date Transaction June 1 Beginning balance June 8 Purchase June 21 Purchase June...
Exercise 9-11 Tamarisk Stores accepts both its own and national credit cards. During the year, the...
Exercise 9-11 Tamarisk Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred. 20 Jan. 15 Made Tamarisk credit card sales totaling $37,200. (There were no balances prior to January 15.) Made Visa credit card sales service charge fee 3%) totaling $5,900. Feb. 10 Collected $13,600 on Tamarisk credit card sales. 15 Added finance charges of 2.5% to Tamarisk credit card account balances. Journalize the transactions for Tamarisk Stores. (Credit account titles...
LG 3 P16-3, Credit terms Wendy Interior Design received four invoices with different credit terms. The...
LG 3 P16-3, Credit terms Wendy Interior Design received four invoices with different credit terms. The manager needs to determine when the invoices, all dated March 25, need to be paid to avoid late-payment charges. A summary of the invoice credit terms are presented in the table. (Note: Assume a 365-day year.) Cash discount 2.0% 1.5 3.0 Cash discount period Credit period 15 days 30 days 10 60 7 45 15 30 Beginning of credit period date of invoice end...
The bank statement for Urethane Company for June 30 indicates a balance of All cash receipts...
The bank statement for Urethane Company for June 30 indicates a balance of All cash receipts are deposited in a night depository each evening after banking $9,293.11 pts The accounting records indicate the following summary data for cash recei ments for June: Cash balance as of June 1 Total cash receipts for June Total amount of checks issued in June $3,943.50 28,971.60 28,388.85 Comparing the bank statement and the accompanying canceled checks and memos w the records reveals the following...
GENERAL JOURNAL 1 Page Number Date Description PR Debit Credit GENERAL JOURNAL 2 Page Number Date...
GENERAL JOURNAL 1
Page Number
Date
Description
PR
Debit
Credit
GENERAL JOURNAL 2
Page Number
Date
Description
PR
Debit
Credit
General Ledger
Account
Title:
#_________
Date
Item
PR
Transaction
Balance
balance
Debit
Credit
Debit
Credit
-
14 different tables for the general ledger.
Accounts Receivable Subsidiary Ledger
Name:
#________
Address:
City,
State..
Date
Item
PR
Transaction
Balance
Debit
Credit
Debit
Credit
6 different tables for the accounts receivable subsidiary
ledger
Company Name
Schedule of Accounts
Date
Account...
Description of transaction June 1: Hudson Bloom invested $207,495.00 cash and computer equipment with a fa...
Description of transaction June 1: Hudson Bloom invested $207,495.00 cash and computer equipment with a fair market value of $44,660.00 in his new business, Byte of Accounting. June 1: Check # 5000 was used to purchased office equipment costing $1,015.00 from Office Express. The invoice number was 87417. June 1: Check # 5001 was used to purchased computer equipment costing $12,180.00 from Aaron Reed. The invoice number was 20117. June 2: Check # 5002 was used to make a down...
Description of transaction 01. June 1: Hudson Bloom invested $164,684.00 cash and computer equipment with a...
Description of transaction 01. June 1: Hudson Bloom invested $164,684.00 cash and computer equipment with a fair market value of $40,560.00 in his new business, Byte of Accounting. 02. June 1: Check # 5000 was used to purchased office equipment costing $1,144.00 from Office Express. The invoice number was 87417. 03. June 1: Check # 5001 was used to purchased computer equipment costing $12,480.00 from Taylor Jones. The invoice number was 20117. 04. June 2: Check # 5002 was used...
Journalize the June 30 adjusting entries. Explainations optional (do not post) (17 points) Check Figure $...
Journalize the June 30 adjusting entries. Explainations
optional (do not post) (17 points)
Check Figure $ 231,600
Adjusting entries for the month of June: Jun 30 Accrued interest on Bank Loan in the amount of $300 Jun 30 Record monthly depreciation in the amount of $2,800 Jun 30 Accrued salaries expense in the amount of $4,300 Jun 30 Used one month's worth of insurance (see June 10th's transaction) ) Jun 30 A physical count of office supplies showed $3,200 Jun...
Journalize the following entries. I just need the names of the accounts not the $ amounts....
Journalize the following entries. I just need the names of the
accounts not the $ amounts.
> Chic Events by Jada 2100 Helly Rond, Corpus Christi, TX 78411 NARRATIVE OF TRANSACTIONS New Rad new TACHOM TRANSIT TRAVENERON SENTY Id Check v2401 Ballons & More is no I E ID. 1 may 2 Cane w browwwwww her Annu Dis ? Billed Poland foran , wie 4214. 210. 30. Show of live Ma r ia per hour 4 packages Awed Ballons 4...
journalize the following entries. i do not need the dollar amount just need to know which...
journalize the following entries. i do not need the dollar
amount just need to know which accounts to charge
TRANSACTION TRANSACTION TRANSACTION DESCRIPTION Billed Reynaldo & Marey Rodriguez for their wedding. Invoice #217, terms 2/10, n/30. The Rodriguezes had previously made a $1,500 deposit. 45 hours Event Planning & Service @ S125.00 per hour 8 packages Like-China 9" Plates 8 packages Like-China 6" Plates 8 packages Like-Crystal 8 oz. Stemware January 12 & packages Like-Linen Dinner Napkins 8 packages Like-Linen...
Here is Shen's credit card statement for the month of June. Date Transaction June 1 Beginning balance June 8 Purchase June 21 Purchase June 25 Payment Transaction amount $2600.75 $89.06 $910.90 $750.00 (a) Use the credit card statement to help fill in the table below. Note that there are 30 days in June. Also, a purchase increases the unpaid balance, and a payment decreases the unpaid balance. Date Transaction June 1 Beginning balance June 8 Purchase June 21 Purchase June...
Exercise 9-11 Tamarisk Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred. 20 Jan. 15 Made Tamarisk credit card sales totaling $37,200. (There were no balances prior to January 15.) Made Visa credit card sales service charge fee 3%) totaling $5,900. Feb. 10 Collected $13,600 on Tamarisk credit card sales. 15 Added finance charges of 2.5% to Tamarisk credit card account balances. Journalize the transactions for Tamarisk Stores. (Credit account titles...
LG 3 P16-3, Credit terms Wendy Interior Design received four invoices with different credit terms. The manager needs to determine when the invoices, all dated March 25, need to be paid to avoid late-payment charges. A summary of the invoice credit terms are presented in the table. (Note: Assume a 365-day year.) Cash discount 2.0% 1.5 3.0 Cash discount period Credit period 15 days 30 days 10 60 7 45 15 30 Beginning of credit period date of invoice end...
The bank statement for Urethane Company for June 30 indicates a balance of All cash receipts are deposited in a night depository each evening after banking $9,293.11 pts The accounting records indicate the following summary data for cash recei ments for June: Cash balance as of June 1 Total cash receipts for June Total amount of checks issued in June $3,943.50 28,971.60 28,388.85 Comparing the bank statement and the accompanying canceled checks and memos w the records reveals the following...
GENERAL JOURNAL 1
Page Number
Date
Description
PR
Debit
Credit
GENERAL JOURNAL 2
Page Number
Date
Description
PR
Debit
Credit
General Ledger
Account
Title:
#_________
Date
Item
PR
Transaction
Balance
balance
Debit
Credit
Debit
Credit
-
14 different tables for the general ledger.
Accounts Receivable Subsidiary Ledger
Name:
#________
Address:
City,
State..
Date
Item
PR
Transaction
Balance
Debit
Credit
Debit
Credit
6 different tables for the accounts receivable subsidiary
ledger
Company Name
Schedule of Accounts
Date
Account...
Journalize the June 30 adjusting entries. Explainations
optional (do not post) (17 points)
Check Figure $ 231,600
Adjusting entries for the month of June: Jun 30 Accrued interest on Bank Loan in the amount of $300 Jun 30 Record monthly depreciation in the amount of $2,800 Jun 30 Accrued salaries expense in the amount of $4,300 Jun 30 Used one month's worth of insurance (see June 10th's transaction) ) Jun 30 A physical count of office supplies showed $3,200 Jun...
Journalize the following entries. I just need the names of the
accounts not the $ amounts.
> Chic Events by Jada 2100 Helly Rond, Corpus Christi, TX 78411 NARRATIVE OF TRANSACTIONS New Rad new TACHOM TRANSIT TRAVENERON SENTY Id Check v2401 Ballons & More is no I E ID. 1 may 2 Cane w browwwwww her Annu Dis ? Billed Poland foran , wie 4214. 210. 30. Show of live Ma r ia per hour 4 packages Awed Ballons 4...
journalize the following entries. i do not need the dollar
amount just need to know which accounts to charge
TRANSACTION TRANSACTION TRANSACTION DESCRIPTION Billed Reynaldo & Marey Rodriguez for their wedding. Invoice #217, terms 2/10, n/30. The Rodriguezes had previously made a $1,500 deposit. 45 hours Event Planning & Service @ S125.00 per hour 8 packages Like-China 9" Plates 8 packages Like-China 6" Plates 8 packages Like-Crystal 8 oz. Stemware January 12 & packages Like-Linen Dinner Napkins 8 packages Like-Linen...
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