Homework Answers
Journal Entry
Dr. Cash $3,000
Cr. Accounts Receivable $3,000
Meaning: It means cash received from Receivables/Debtors.
Short note:
Cash is an asset and when assets increase we debit them. So we debit the Cash account. Accounts receivable are also an asset. If we want to decrease this account, we must credit them.
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In one sentence, describe what happened economically to cause the following JE: Dr. Cash $3,000 Cr....
obro bordo mosteanu 1209 (4 pts) In one sentence, describe what happened economically to cause the...
obro bordo mosteanu 1209 (4 pts) In one sentence, describe what happened economically to cause the following JE: Dr. Cash $3,000 Cr. Accounts Receivable $3,000 (4 pts) In one sentence, describe what happened economically to cause the following JE: Dr. Loan Payable $16,000 Cr. Cash $16,000
In one sentence, describe what happened economically to cause the following JE: Dr. Loan Payable $16,000...
In one sentence, describe what happened economically to cause the following JE: Dr. Loan Payable $16,000 Cr. Cash $16,000
sasanibne wone brunobs or of Smolen 1209 4. (4 pts) In one sentence, describe what happened...
sasanibne wone brunobs or of Smolen 1209 4. (4 pts) In one sentence, describe what happened economically to cause the following JE: Dr. Cash $3,000 Cr. Accounts Receivable $3,000
Grant Corp. had the following journal entries during the month. dr. Cash 600 cr. Common Stock...
Grant Corp. had the following journal entries during the month. dr. Cash 600 cr. Common Stock 600 dr. Equipment 600 cr. Cash 200 cr. Loans Payable 400 dr. Supplies 50 cr. Accounts Payable 50 dr. Salary Expense 75 cr. Salary Payable 75 dr. Utilities Expense 15 cr. Cash 15 dr. Cash 350 dr. Accounts Receivable 450 cr. Service Revenue 800 dr. Accounts Payable 30 cr. Cash 30 dr. Cash 250 cr. Accounts Receivable 250 dr. Dividends 10 cr. Cash 10...
Which of the following is not an adjusting entry? (a) Dr: Depreciation expense and Cr: Accumulated...
Which of the following is not an adjusting entry? (a) Dr: Depreciation expense and Cr: Accumulated depreciation. (b) Dr: Utilities expense and Cr: Utilities payable. (c) Dr: Insurance expense and Cr: Prepaid insurance. (d) Dr: Cash and Cr: Accounts receivable. (e) Dr: Interest receivable and Cr: Interest revenue.
Calculate the account balance for the following accounts: Cash Dr. 400 640 7,140 4,285 8,350 Cr....
Calculate the account balance for the following accounts: Cash Dr. 400 640 7,140 4,285 8,350 Cr. 6,980 395 5,400 Service Revenue 7,600 2,560 3,600 840 Cr. Accounts Payable Dr. 1,380 395 5,400 5,390 2,000 IU O Tdi & eSAO MacBook Air es/27987/assignments/2657279 Cr. Accounts Payable Dr. 1,380 395 5,390 2,000 5,400 C. Salary Expense Dr. 3,640 440 3,000 340 e Textbook and Media Attemp
Select the correct Dr. and Cr. to record this event..... Purchased Office Supplies for $200 cash....
Select the correct Dr. and Cr. to record this event..... Purchased Office Supplies for $200 cash. dr. Choose... - cr. Choose... Choose... cr. Office Supplies Inventory ent..... Select the dr. Office Supplies Inventory On Septem fund for yo cr. Cash dr. Cash dr. Select the correct Dr. and Cr. to record this event..... On September 1st, you establish a Petty Cash fund for your company. dr. Choose... cr. Choose... > Choose... cr. Cash record this event..... Select the dr. Petty...
19. Peter Velk, owner, contributed $10,000 cash in exchange for capital A. Dr. Cash 10000; Cr....
19. Peter Velk, owner, contributed $10,000 cash in exchange for capital A. Dr. Cash 10000; Cr. Peter Velk, Capital 10000 B. Dr. Peter Velk, Capital 10000 Cr. Cash 10000 C. Dr. Cash 10000; Cr. Peter Velk, Withdrawals 10000 D. Dr. Peter Velk, Capital 10000 Cr. Peter Velk, Withdrawals 10000 E. None of the above 20. Peter Velk, owner withdrew $5,000 cash A. Dr. Cash 5000; Cr. Peter Velk, Capital 5000 B. Dr. Peter Velk, Capital 5000 Cr. Cash 5000 C....
20. Peter Velk, owner, withdrew $5,000 cash A. Dr. Cash 5000; Cr. Peter Velk, Capital 5000...
20. Peter Velk, owner, withdrew $5,000 cash A. Dr. Cash 5000; Cr. Peter Velk, Capital 5000 B. Dr. Peter Velk, Capital 5000 Cr. Cash 5000 C. Dr. Cash 5000; Cr. Peter Velk, Withdrawals 5000 D. Dr. Accounts Receivable 5,000; Cr. Peter Velk, Withdrawals 5,000 E. None of the above
Select the correct Dr. and Cr. to record this year's Federal income taxes..... dr. Choose... cr....
Select the correct Dr. and Cr. to record this year's Federal income taxes..... dr. Choose... cr. Choose... e Choose... dr. Income Tax Expense dr. Income Tax Payable Back on De cr. Income Tax Payable pur company's obligation for Federal in Today is M cr. Income Tax Expense payment to the IRS. Back on December 31st, you recorded your company's obligation for Federal income taxes. Today is March 15 and you need to remit payment to the IRS. Select the correct...
obro bordo mosteanu 1209 (4 pts) In one sentence, describe what happened economically to cause the following JE: Dr. Cash $3,000 Cr. Accounts Receivable $3,000 (4 pts) In one sentence, describe what happened economically to cause the following JE: Dr. Loan Payable $16,000 Cr. Cash $16,000
In one sentence, describe what happened economically to cause the following JE: Dr. Loan Payable $16,000 Cr. Cash $16,000
sasanibne wone brunobs or of Smolen 1209 4. (4 pts) In one sentence, describe what happened economically to cause the following JE: Dr. Cash $3,000 Cr. Accounts Receivable $3,000
Calculate the account balance for the following accounts: Cash Dr. 400 640 7,140 4,285 8,350 Cr. 6,980 395 5,400 Service Revenue 7,600 2,560 3,600 840 Cr. Accounts Payable Dr. 1,380 395 5,400 5,390 2,000 IU O Tdi & eSAO MacBook Air es/27987/assignments/2657279 Cr. Accounts Payable Dr. 1,380 395 5,390 2,000 5,400 C. Salary Expense Dr. 3,640 440 3,000 340 e Textbook and Media Attemp
Select the correct Dr. and Cr. to record this event..... Purchased Office Supplies for $200 cash. dr. Choose... - cr. Choose... Choose... cr. Office Supplies Inventory ent..... Select the dr. Office Supplies Inventory On Septem fund for yo cr. Cash dr. Cash dr. Select the correct Dr. and Cr. to record this event..... On September 1st, you establish a Petty Cash fund for your company. dr. Choose... cr. Choose... > Choose... cr. Cash record this event..... Select the dr. Petty...
19. Peter Velk, owner, contributed $10,000 cash in exchange for capital A. Dr. Cash 10000; Cr. Peter Velk, Capital 10000 B. Dr. Peter Velk, Capital 10000 Cr. Cash 10000 C. Dr. Cash 10000; Cr. Peter Velk, Withdrawals 10000 D. Dr. Peter Velk, Capital 10000 Cr. Peter Velk, Withdrawals 10000 E. None of the above 20. Peter Velk, owner withdrew $5,000 cash A. Dr. Cash 5000; Cr. Peter Velk, Capital 5000 B. Dr. Peter Velk, Capital 5000 Cr. Cash 5000 C....
20. Peter Velk, owner, withdrew $5,000 cash A. Dr. Cash 5000; Cr. Peter Velk, Capital 5000 B. Dr. Peter Velk, Capital 5000 Cr. Cash 5000 C. Dr. Cash 5000; Cr. Peter Velk, Withdrawals 5000 D. Dr. Accounts Receivable 5,000; Cr. Peter Velk, Withdrawals 5,000 E. None of the above
Select the correct Dr. and Cr. to record this year's Federal income taxes..... dr. Choose... cr. Choose... e Choose... dr. Income Tax Expense dr. Income Tax Payable Back on De cr. Income Tax Payable pur company's obligation for Federal in Today is M cr. Income Tax Expense payment to the IRS. Back on December 31st, you recorded your company's obligation for Federal income taxes. Today is March 15 and you need to remit payment to the IRS. Select the correct...
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