Homework Answers
ANSWER:
Journal Entries for sales and for cash over and short for each situation
| Transactions | General Journal | Debit ($) | Credit ($) |
| a. | Cash A/C | 574 | |
| Sales Revenue | 540 | ||
| Cash Over and Short | 34 | ||
| ( to record cash sales) | |||
| b. | Cash | 1,092 | |
| Cash Over and Short | 32 | ||
| Sales Revenue | 1,124 | ||
| (to record cash sales) |
Add Answer to:
Record the journal entry for Sales and for Cash Over and Short for each of the...
Journal entry worksheet Record the adjusting entry for amortization for 2018, $1. Note: Enter debits before...
Journal entry worksheet Record the adjusting entry for amortization for 2018, $1. Note: Enter debits before credite Transaction General Journal Debit Credit Record entry Clear entry View general journal 4. Record the adjusting journal entries (k) through lol ( no entry is required for a transact Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet < 1 2 3 4 Record the adjusting entry for supplies counted on December 31,...
Journal entry worksheet < 1 2 3 4 5 6 7 Purchased supplies for $350 cash....
Journal entry worksheet < 1 2 3 4 5 6 7 Purchased supplies for $350 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 Collected $5,600 cash on accounts receivable. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 3 4 5 6 7 Paid $1,450 cash in advance...
Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is required...
Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is required for a transaction/event. select "No journal entry required" in the first account field.) July 15 Declared a cash dividend payable to common stockholders of $167,000. Aug. 15 Date of record is August 15 for the cash dividend declared on July 15. Aug. 31 Paid the dividend declared on July 15. Journal entry worksheet < 1 2 3 Record the declaration of a cash dividend...
For each of the following Independent situations, prepare Journal entries to record the Initial transaction on...
For each of the following Independent situations, prepare Journal entries to record the Initial transaction on September 30 and the adjustment required on October 31. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) a. Hockey Helpers paid $4,000 cash on September 30 to rent an arena for the months of October and November b. Super Stage Shows received $16.000 on September 30 for season tickets that admit patrons to a...
A company provides services to customers for $2,500 cash. Record the transaction. (If no entry is...
A company provides services to customers for $2,500 cash. Record the transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 A company provides services to customers for $2,500 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
Journal entry worksheet 2 Record the issuance of 6,600 shares of common stock with a par...
Journal entry worksheet 2 Record the issuance of 6,600 shares of common stock with a par value $2 for a price of $26 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit а Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the issuance of 2,600 shares of common stock with a par value $2 for a price of $29 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit b...
Record the following transactions, (If no entry is required for a transaction/event, select "No Journal Entry...
Record the following transactions, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26.000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5.900 cash. (e) Purchased $1700 of supplies on account....
Prepare the journal entry to record Zende Company's issuance of 72,000 shares of $6 par value...
Prepare the journal entry to record Zende Company's issuance of 72,000 shares of $6 par value common stock assuming the shares sell for: a. $6 cash per share. b. $7 cash per share. View transaction list Journal entry worksheet Record the issuance of 72,000 shares of $6 par value common stock assuming the shares sell for $6 cash per share. Note: Enter debits before credits. Transaction General Journal General lo Debit Credit Record entry Clear entry View general journal Prepare...
Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co....
Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 52,000 shares of $5 par value common stock for $326,000 cash. b. On April 1, OP Co. issues no-par value common stock for $89,000 cash. c. On April 6, MPG Issues 3,900 shares of $25 par value common stock for $58,000 of inventory, $180,000 of machinery, and acceptance ofa $94,000 note payable. Journal entry worksheet 2 3 Record the issuance of...
required journal entries: 1. record the declaration of cash dividends. 2. record the entry on the...
required journal entries:
1. record the declaration of cash dividends.
2. record the entry on the date of record.
3. Record the payment of cash dividends.
On March 15, American Eagle declares a quarterly cash dividend of $0.095 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 216 million shares. (If no entry is E required for a particular transaction/event, select "No Journal...
Journal entry worksheet Record the adjusting entry for amortization for 2018, $1. Note: Enter debits before credite Transaction General Journal Debit Credit Record entry Clear entry View general journal 4. Record the adjusting journal entries (k) through lol ( no entry is required for a transact Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet < 1 2 3 4 Record the adjusting entry for supplies counted on December 31,...
Journal entry worksheet < 1 2 3 4 5 6 7 Purchased supplies for $350 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 Collected $5,600 cash on accounts receivable. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 3 4 5 6 7 Paid $1,450 cash in advance...
Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is required for a transaction/event. select "No journal entry required" in the first account field.) July 15 Declared a cash dividend payable to common stockholders of $167,000. Aug. 15 Date of record is August 15 for the cash dividend declared on July 15. Aug. 31 Paid the dividend declared on July 15. Journal entry worksheet < 1 2 3 Record the declaration of a cash dividend...
For each of the following Independent situations, prepare Journal entries to record the Initial transaction on September 30 and the adjustment required on October 31. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) a. Hockey Helpers paid $4,000 cash on September 30 to rent an arena for the months of October and November b. Super Stage Shows received $16.000 on September 30 for season tickets that admit patrons to a...
A company provides services to customers for $2,500 cash. Record the transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 A company provides services to customers for $2,500 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
Journal entry worksheet 2 Record the issuance of 6,600 shares of common stock with a par value $2 for a price of $26 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit а Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the issuance of 2,600 shares of common stock with a par value $2 for a price of $29 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit b...
Record the following transactions, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26.000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5.900 cash. (e) Purchased $1700 of supplies on account....
Prepare the journal entry to record Zende Company's issuance of 72,000 shares of $6 par value common stock assuming the shares sell for: a. $6 cash per share. b. $7 cash per share. View transaction list Journal entry worksheet Record the issuance of 72,000 shares of $6 par value common stock assuming the shares sell for $6 cash per share. Note: Enter debits before credits. Transaction General Journal General lo Debit Credit Record entry Clear entry View general journal Prepare...
Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 52,000 shares of $5 par value common stock for $326,000 cash. b. On April 1, OP Co. issues no-par value common stock for $89,000 cash. c. On April 6, MPG Issues 3,900 shares of $25 par value common stock for $58,000 of inventory, $180,000 of machinery, and acceptance ofa $94,000 note payable. Journal entry worksheet 2 3 Record the issuance of...
required journal entries:
1. record the declaration of cash dividends.
2. record the entry on the date of record.
3. Record the payment of cash dividends.
On March 15, American Eagle declares a quarterly cash dividend of $0.095 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 216 million shares. (If no entry is E required for a particular transaction/event, select "No Journal...
Most questions answered within 3 hours.
-
Intrapreneurship is defined as the
development of an enterprise culture with an existing (Nandan,
2009). An...
asked 9 minutes ago -
QUESTION 1 Tamiflu is a drug used to treat influenza. A study
found that Tamiflu reduced...
asked 13 minutes ago -
Which of the following would be less likely to be used to
allocate factory overhead when...
asked 19 minutes ago -
Transverse pulses travel with a speed of 195 m/s along a taut
copper wire whose diameter...
asked 17 minutes ago -
Sampling for Engineers Homework question 11.51
Suppose that Y1;Y2;Y3;Y4 denote a random sample from a
Poisson(θ)...
asked 21 minutes ago -
Which of the following is cleaved by regulated intramembrane
proteolysis (RIP)? Select any/all answers that apply....
asked 20 minutes ago -
Random characters You decide to create a program characters.py
that fills a two-dimensional list with random...
asked 32 minutes ago -
What are the major sources of error in your determination of the
molar mass? Select all...
asked 36 minutes ago -
A. Suppose your manager indicates that for a normally
distributed data set you are analyzing, your...
asked 57 minutes ago -
During the month of August, the average temperature of a lake
next to a local college...
asked 39 minutes ago -
Which of these four researchers is most likely to have made Type
1 error
Kim who...
asked 53 minutes ago -
In a performance test, each of two cars takes 8.9 s to
accelerate from rest to...
asked 54 minutes ago