Will upvote!Homework Answers
| No | General Journal | Debit ($) | Credit ($) |
| H | Wages Expense | 3,425 | |
| Cash | 30425 | ||
| I | Cash | 7,900 | |
| Accounts Receivable | 7,900 | ||
| J | Dividends/Retained earnings | 1,875 | |
| Dividends payable | 1,875 | ||
.
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h. Paid wages of $3,425. If an amount box does not require an entry,...
Will upvote! a. Received $18,000 from sale of common stock. If an amount box does not...
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a. Received $18,000 from sale of common stock. If an amount box does not require an entry, leave it blank. b. Purchased equipment for $27,000, paying $10,000 in cash and giving a note payable for the remainder. If an amount box does not require an entry, leave it blank. Paid $2,300 for rent for April. If an amount box does not require an entry, leave it blank. d. Purchased $1,500 of supplies on account. If an amount box...
Indicate whether each of the following would be reported in the financial statements as a current...
Indicate whether each of the following would be reported in the financial statements as a current asset (b) property, plant, and equipment, (c) currently, (d) revenue, or (e) expenses 1. True 2. Accumulated Depreciation 3. Telephone Expense 4. Fees Earned 5. Wages Payable 6. Prepaid surance 7. Office Suples 8. Oning Expense 9. Unearned lant Selected accounts from the ledger of Garrison Company appear below. For each account, indicate the following: (a) In the first column at the right, indicate...
Journalize the transactions and the adjusting entries. If an amount box does not require an entry,...
Journalize the transactions and the adjusting entries. If an
amount box does not require an entry, leave it blank. Do not round
intermediate calculations.
Calculator Instructions Chart of Accounts General Journal Instructions Following are the selected transactions for April: (a)...
Calculator Instructions Chart of Accounts General Journal Instructions Following are the selected transactions for April: (a) Received $18,000 from sale of common stock (b) Purchased equipment for $27.000, paying $10,000 in cash and giving a note payable for the remainder. (c) Paid $2,300 for rent for April (d) Purchased $1,500 of supplies on account. (e) Recorded $9,800 of tees earned on account (1) Received $7,500 in cash for fees earned. (9) Paid $1.200 to creditors on account (h) Paid wages...
Part 1: Part 2: Part 3: Part 4:Part 5: Determining Wages Paid The wages payable and...
Part 1:
Part 2:
Part 3:
Part 4:Part 5:
Determining Wages Paid The wages payable and wages expense accounts at August 31, after adjusting entries have been posted at the end of the first month of operations, are shown in the following T accounts: Wages Payable Wages Expense Bal. 4,680 Bal. 138,250 Determine the amount of wages paid during the month. Adjusting Entry for Supplies The balance in the supplies account, before adjustment at the end of the year, is...
Instructions Following are the selected transactions for April: (a) Received $18,000 from sale of common stock...
Instructions Following are the selected transactions for April: (a) Received $18,000 from sale of common stock (b) Purchased equipment for $27.000, paying $10,000 in cash and giving a note payable for the remainder. (c) Paid $2,300 for rent for April. (d) Purchased $1,500 of supplies on account. (e) Recorded $9.800 of fees earned on account. (o Received $7,500 in cash for fees earned (9) Paid $1,200 to creditors on account. ch) Paid wages of $3,425. C) Received $7.900 from customers...
For all journal entries, if an amount box does not require an entry, leave it blank....
For all journal entries, if an amount box does not require an entry, leave it blank. 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, 20Y1. On July 1, 20Y1, Livingston Corporation, a wholesaler of manufacturing equipment, issued $4,500,000 of 5-year, 9% bonds at a market (effective) interest rate of 11%, receiving cash of $4,160,805. Interest on the bonds is payable semiannually on December 31 and June 30. The...
Journalize any necessary entries for Lays Company based on the bank reconciliation. If an amount box does not require an...
Journalize any necessary entries for Lays Company based on the
bank reconciliation. If an amount box does not require an entry,
leave it blank.
Just need help with part B. I'm not seeing a notes receivable
and don't know what it needs for cash.
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank $ 18,150 Balance per company records 9,810 Bank service charges 40 Deposit in transit 2,950 Note...
Adjusting, Closing and Reversing Entries 1. Prepare the entries without making a reversing entry. For a...
Adjusting, Closing and Reversing Entries
1. Prepare the entries without making a reversing entry. For a
compound transaction, if an amount box does not require an entry,
leave it blank. If no entry is required, select "No Entry Required"
and leave the amount boxes blank or enter "0".
2. Prepare the entries with the use of a reversing entry. If
an amount box does not require an entry, leave it blank. If no
entry is required, select "No Entry Required"...
Journal Entry for Dividends Prepare a journal entry on June 30 for the payment of dividends...
Journal Entry for Dividends Prepare a journal entry on June 30 for the payment of dividends of $12,000. If an amount box does not require an entry, leave it blank. June 30
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a. Received $18,000 from sale of common stock. If an amount box does not require an entry, leave it blank. b. Purchased equipment for $27,000, paying $10,000 in cash and giving a note payable for the remainder. If an amount box does not require an entry, leave it blank. Paid $2,300 for rent for April. If an amount box does not require an entry, leave it blank. d. Purchased $1,500 of supplies on account. If an amount box...
Indicate whether each of the following would be reported in the financial statements as a current asset (b) property, plant, and equipment, (c) currently, (d) revenue, or (e) expenses 1. True 2. Accumulated Depreciation 3. Telephone Expense 4. Fees Earned 5. Wages Payable 6. Prepaid surance 7. Office Suples 8. Oning Expense 9. Unearned lant Selected accounts from the ledger of Garrison Company appear below. For each account, indicate the following: (a) In the first column at the right, indicate...
Journalize the transactions and the adjusting entries. If an
amount box does not require an entry, leave it blank. Do not round
intermediate calculations.
Calculator Instructions Chart of Accounts General Journal Instructions Following are the selected transactions for April: (a) Received $18,000 from sale of common stock (b) Purchased equipment for $27.000, paying $10,000 in cash and giving a note payable for the remainder. (c) Paid $2,300 for rent for April (d) Purchased $1,500 of supplies on account. (e) Recorded $9,800 of tees earned on account (1) Received $7,500 in cash for fees earned. (9) Paid $1.200 to creditors on account (h) Paid wages...
Part 1:
Part 2:
Part 3:
Part 4:Part 5:
Determining Wages Paid The wages payable and wages expense accounts at August 31, after adjusting entries have been posted at the end of the first month of operations, are shown in the following T accounts: Wages Payable Wages Expense Bal. 4,680 Bal. 138,250 Determine the amount of wages paid during the month. Adjusting Entry for Supplies The balance in the supplies account, before adjustment at the end of the year, is...
Instructions Following are the selected transactions for April: (a) Received $18,000 from sale of common stock (b) Purchased equipment for $27.000, paying $10,000 in cash and giving a note payable for the remainder. (c) Paid $2,300 for rent for April. (d) Purchased $1,500 of supplies on account. (e) Recorded $9.800 of fees earned on account. (o Received $7,500 in cash for fees earned (9) Paid $1,200 to creditors on account. ch) Paid wages of $3,425. C) Received $7.900 from customers...
Journalize any necessary entries for Lays Company based on the
bank reconciliation. If an amount box does not require an entry,
leave it blank.
Just need help with part B. I'm not seeing a notes receivable
and don't know what it needs for cash.
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank $ 18,150 Balance per company records 9,810 Bank service charges 40 Deposit in transit 2,950 Note...
Adjusting, Closing and Reversing Entries
1. Prepare the entries without making a reversing entry. For a
compound transaction, if an amount box does not require an entry,
leave it blank. If no entry is required, select "No Entry Required"
and leave the amount boxes blank or enter "0".
2. Prepare the entries with the use of a reversing entry. If
an amount box does not require an entry, leave it blank. If no
entry is required, select "No Entry Required"...
Journal Entry for Dividends Prepare a journal entry on June 30 for the payment of dividends of $12,000. If an amount box does not require an entry, leave it blank. June 30
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