Homework Answers
---------------------------------------------------------
If you have any queries/doubts,Immediately drop your messages in
the comment box !!!! I will help you...
Thanks!!!
Add Answer to:
Quick Cleaners, Inc. (QCI), has been in business for several years. It specializes in cleaning houses...
prepare a general journal entry Quick Cleaners, Inc. (QCI), has been in business for several years....
prepare a general journal entry
Quick Cleaners, Inc. (QCI), has been in business for several years. It specializes in cleaning houses but has some small business clients as well. 5 points Skipped a. Issued $20,000 of QCI stock for cash. b. Incurred $700 of utilities costs this month and will pay them next month. c. Incurred and paid wages for the current month, totaling $3,350. d. Performed cleaning services on account worth $4,450. e. Some of Quick Cleaners's equipment was...
Junktrader is an online company that specializes in matching buyers and sellers of used items. Buyers...
Junktrader is an online company that specializes in matching buyers and sellers of used items. Buyers and sellers can purchase a membership with Junktrader, which provides them advance notice of potentially attractive offers. a. Junktrader provided online advertising services for another company for $380 on account. b. On the last day of the month, Junktrader paid $75 cash to run an ad promoting the company's services. The ad ran that day in the local newspaper c. Received $205 cash in...
7 0 Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes...
7 0 Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Part 6 of 8 Credits 0.62 points Debits $13,000 6,600 2,600 17,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals eBook $ 5,800 8,300 18,000 7,100 $39,200 Print $39,200 References The following is a summary of the transactions for the year. 1. March 12 Provide services to customers, $46,000, of which $19,600 is...
Chocolaterie de Geneve, SA, is located in a French-speaking canton in Switzerland. The company makes chocolate...
Chocolaterie de Geneve, SA, is located in a French-speaking canton in Switzerland. The company makes chocolate truffles that are sold in popular embossed tins. The company has two processing departments-Cooking and Molding. In the Cooking Department, the raw ingredients for the truffles are mixed and then cooked in special candy.making vats. In the Molding Department, the melted chocolate and other ingredients from the Cooking Department are carefully poured into molds and decorative flourishes are applied by hand. After cooling, the...
Re-Tire produces bagged mulch made from recycled tires. Production involves shredding tires and packaging the pieces...
Re-Tire produces bagged mulch made from recycled tires. Production involves shredding tires and packaging the pieces for sale in the bagging department. All direct materials enter in the first process. The following describes production operations for October Direct materials used Direct labor used 358 in Shredding: 658 in Bagging. Predetermined overhead rate based on direct labor) Transferred to Bagging Transferred to finished goods $222,000 $145,000 $201,500 $582,000 1856 The company's revenue for the month totaled $430,000 from credit sales, and...
LO 3-3 M3-13 Preparing Accrual Basis Journal Entries for Business Activities Quick Cleaners, Inc. (QCI) has...
LO 3-3 M3-13 Preparing Accrual Basis Journal Entries for Business Activities Quick Cleaners, Inc. (QCI) has been in business for several years. It specializes in cleaning houses but has some small business clients as well. Prepare journal entries for the following transactions, which occurred during a recent month, and determine QCI's preliminary net income. a. Issued $25,000 of QCI stock for cash. b. Incurred $600 of utilities costs this month and will pay them next month. Paid wages for the...
Larned Corporation recorded the following transactions for the just completed month. a. $89,000 in raw materials...
Larned Corporation recorded the following transactions for the just completed month. a. $89,000 in raw materials were purchased on account. b. $87,000 in raw materials were used in production. Of this amount, $79,000 was for direct materials and the remainder was for indirect materials c. Total labor wages of $111,500 were paid in cash. Of this amount, $104,100 was for direct labor and the remainder was for indirect labor. d. Depreciation of $197,000 was incurred on factory equipment. Required: Record...
The journal has to be done for all years! ! Required information (The following information applies...
The journal has to be done for all years!
! Required information (The following information applies to the questions displayed below.) In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2023. Information related to the contract is as follows: Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $2,640,000 6,160,000 2,080,000...
Diaz Company owns a machine that cost $126,300 and has accumulated depreciation of $93,900. Prepare the...
Diaz Company owns a machine that cost $126,300 and has accumulated depreciation of $93,900. Prepare the entry to record the disposal of the machine on January 1 in each seperate situation. 1. The machine needed extensive repairs and was not worth repairing Diaz disposed of the machine, receiving nothing in return. 2. Diaz sold the machine for $16,100 cash. 3. Diaz sold the machine for $32,400 cash. 4. Diaz sold the machine for $41,500 cash. View transaction list Journal entry...
Chad Polovick organized a new company, CapUniverse Inc. The company operates a small store in an...
Chad Polovick organized a new company, CapUniverse Inc. The company operates a small store in an area mall and specializes in baseball-type caps with logos printed on them. Chad, who is never without a cap, believes that his target market is college students. You have been hired to record the transactions occurring in the first two weeks of operations: May 1 Issued 1,950 shares for $35 per share. May 1 Borrowed $49,500 from the bank to provide additional funding to...
prepare a general journal entry
Quick Cleaners, Inc. (QCI), has been in business for several years. It specializes in cleaning houses but has some small business clients as well. 5 points Skipped a. Issued $20,000 of QCI stock for cash. b. Incurred $700 of utilities costs this month and will pay them next month. c. Incurred and paid wages for the current month, totaling $3,350. d. Performed cleaning services on account worth $4,450. e. Some of Quick Cleaners's equipment was...
Junktrader is an online company that specializes in matching buyers and sellers of used items. Buyers and sellers can purchase a membership with Junktrader, which provides them advance notice of potentially attractive offers. a. Junktrader provided online advertising services for another company for $380 on account. b. On the last day of the month, Junktrader paid $75 cash to run an ad promoting the company's services. The ad ran that day in the local newspaper c. Received $205 cash in...
7 0 Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Part 6 of 8 Credits 0.62 points Debits $13,000 6,600 2,600 17,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals eBook $ 5,800 8,300 18,000 7,100 $39,200 Print $39,200 References The following is a summary of the transactions for the year. 1. March 12 Provide services to customers, $46,000, of which $19,600 is...
Chocolaterie de Geneve, SA, is located in a French-speaking canton in Switzerland. The company makes chocolate truffles that are sold in popular embossed tins. The company has two processing departments-Cooking and Molding. In the Cooking Department, the raw ingredients for the truffles are mixed and then cooked in special candy.making vats. In the Molding Department, the melted chocolate and other ingredients from the Cooking Department are carefully poured into molds and decorative flourishes are applied by hand. After cooling, the...
Re-Tire produces bagged mulch made from recycled tires. Production involves shredding tires and packaging the pieces for sale in the bagging department. All direct materials enter in the first process. The following describes production operations for October Direct materials used Direct labor used 358 in Shredding: 658 in Bagging. Predetermined overhead rate based on direct labor) Transferred to Bagging Transferred to finished goods $222,000 $145,000 $201,500 $582,000 1856 The company's revenue for the month totaled $430,000 from credit sales, and...
LO 3-3 M3-13 Preparing Accrual Basis Journal Entries for Business Activities Quick Cleaners, Inc. (QCI) has been in business for several years. It specializes in cleaning houses but has some small business clients as well. Prepare journal entries for the following transactions, which occurred during a recent month, and determine QCI's preliminary net income. a. Issued $25,000 of QCI stock for cash. b. Incurred $600 of utilities costs this month and will pay them next month. Paid wages for the...
Larned Corporation recorded the following transactions for the just completed month. a. $89,000 in raw materials were purchased on account. b. $87,000 in raw materials were used in production. Of this amount, $79,000 was for direct materials and the remainder was for indirect materials c. Total labor wages of $111,500 were paid in cash. Of this amount, $104,100 was for direct labor and the remainder was for indirect labor. d. Depreciation of $197,000 was incurred on factory equipment. Required: Record...
The journal has to be done for all years!
! Required information (The following information applies to the questions displayed below.) In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2023. Information related to the contract is as follows: Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $2,640,000 6,160,000 2,080,000...
Diaz Company owns a machine that cost $126,300 and has accumulated depreciation of $93,900. Prepare the entry to record the disposal of the machine on January 1 in each seperate situation. 1. The machine needed extensive repairs and was not worth repairing Diaz disposed of the machine, receiving nothing in return. 2. Diaz sold the machine for $16,100 cash. 3. Diaz sold the machine for $32,400 cash. 4. Diaz sold the machine for $41,500 cash. View transaction list Journal entry...
Chad Polovick organized a new company, CapUniverse Inc. The company operates a small store in an area mall and specializes in baseball-type caps with logos printed on them. Chad, who is never without a cap, believes that his target market is college students. You have been hired to record the transactions occurring in the first two weeks of operations: May 1 Issued 1,950 shares for $35 per share. May 1 Borrowed $49,500 from the bank to provide additional funding to...
Most questions answered within 3 hours.
-
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 42 minutes ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 1 hour ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 2 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 2 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 3 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 5 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 5 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 5 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 5 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 5 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 5 hours ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 5 hours ago