16. On September 1, Jerry Co. sold $2,000 of services for cash. On September 10, Jerry...
16. On September 1, Jerry Co. sold $2,000 of services for cash. On September 10, Jerry Co. sold $5,000 of services on account. On September 20, Jerry Co. collected $3,500 from accounts receivable. Calculate the ending balance in the Cash account for September assuming no beginning balance.Answer $5,500
17. On September 1, Jerry Co. sold $2,000 of services for cash. On September 10, Jerry Co. sold $5,000 of services on account. On September 20, Jerry Co. collected $3,500 from accounts receivable. Calculate the ending balance in Accounts Receivable for September assuming no beginning balance.
18. On September 1, Jerry Co. sold $2,000 of services for cash. On September 10, Jerry Co. sold $5,000 of services on account. On September 20, Jerry Co. collected $3,500 from accounts receivable. Calculate the ending balance in Service Revenue for September assuming no beginning balance.
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16. On September 1, Jerry Co. sold $2,000 of services for cash.
On September 10, Jerry...
This is the trial balance of Wildhorse Co. on September 30. WILDHORSE CO. Trial Balance September...
This is the trial balance of Wildhorse Co. on September 30. WILDHORSE CO. Trial Balance September 30, 2022 Debit Credit Cash $ 23,430 Accounts Receivable 6,830 Supplies 4,520 Equipment 10,420 Accounts Payable $ 9,030 Unearned Service Revenue 3.520 Common Stock 19,230 Retained Earnings 13,420 $45,200 $45,200 The October transactions were as follows. Oct. 5 Received $1,400 in cash from customers for accounts receivable due. 10 Billed customers for services performed $6,000. 15 Paid employee salaries $1,000. 17 Performed $640 of...
Presented below is the ledger for Cullumber Co. (amounts in thousands of \). 10/1 10/10 10/10...
Presented below is the ledger for Cullumber Co. (amounts in thousands of \). 10/1 10/10 10/10 10/20 10/25 Cash 5,500 10/4 600|10/12 2,700|10/15 440|10/30 2,100|10/31 Accounts Receivable 610 10/20 No. 101 550 1,450 390 300 430 No. 112 440 10/6 10/20 890 10/4 10/3 10/12 10/1 Supplies No. 126 550 Equipment No. 157 2,000 alance Notes Payable No. 200 10/10 2,700 Accounts Payable No. 201 1,450 10/3 2,000 Share Capital - Ordinary No. 311 5,500 10/25 2,100 Dividends No. 332...
On September 1, Riva Co
On September 1, Riva Co. assigns specific receivables totaling $750,000 to Pacific Bank as collateral on a $625,000, 12 percent note. Riva Co. will continue to collect the assigned accounts receivable. Pacific also assesses a 2 percent service charge on the total accounts receivable assigned. Riva Co. is to make monthly payments to Pacific with cash collected on assigned accounts receivable. Collections of assigned accounts during September totaled $260,000 less cash discounts of $3,500. What amount is owed to Pacific...
Presented below is the ledger for Cullumber Co. (amounts in thousands of ¥). 10/1 10/10 10/10...
Presented below is the ledger for Cullumber Co. (amounts in thousands of ¥). 10/1 10/10 10/10 10/20 10/25 10/6 10/20 10/4 10/3 Cash No. 101 5,500|10/4 550 600|10/12 1,450 2,700 10/15 390 440|10/30 300 2,100 10/31 430 Accounts Receivable No. 112 610|10/20 440 890 Supplies No. 126 550 Equipment No. 157 2,000 Balance Notes Payable No. 200 10/10 2,700 Accounts Payable No. 201 1,450 10/3 2,000 Share Capital-Ordinary No. 311 10/1 5,500 10/25 2,100 Dividends No. 332 300 Service Revenue...
question P1-8A 10. On March 31, she performed $3,500 of legal services on account. 11. On...
question P1-8A
10. On March 31, she performed $3,500 of legal services on account. 11. On March 31, she received $2,500 cash for legal services to be provided in April. 12. On March 31, she paid her receptionist $500 for the week. 13. On March 31, she paid $400 for the supplies purchased on account on March 21. Instructions (a) Prepare a tabular analysis of the effects of the above transactions on the accounting equation. (6) Calculate profit and owner's...
Sep 16 Collected $3,000 cash from a client on account. 18 Provided services on account, $2,500....
Sep 16 Collected $3,000 cash from a client on account. 18 Provided services on account, $2,500. 21 Received $1,200 cash for services provided. 23 Purchased supplies on account, $900. 25 Paid $1,900 in dividends. 27 Paid $2,000 on account. 29 Received $3,300 cash for services provided. 30 Paid rent, $2,000. 30 Paid employees' salaries, $2,500. GOO, Inc. Trial Balance September 15, 2018 Acct # Account Debit Credit 110 Cash $ 3,700 112 7,300 Accounts receivable Supplies 115 100 140 11,700...
*Problem 3-6A (Part Level Submission) This is the trial balance of Carla Vista Co. on September...
*Problem 3-6A (Part Level Submission) This is the trial balance of Carla Vista Co. on September 30. CARLA VISTA CO. Trial Balance September 30, 2017 Debit Credit Cash $ 23,320 Accounts Receivable 6,720 Supplies 5,030 Equipment 10,930 Accounts Payable $ 8,920 Unearned Service Revenue 4,030 Common Stock 19,120 Retained Earnings 13,930 $46,000 $46,000 The October transactions were as follows. Oct. 5 Received $1,330 in cash from customers for accounts receivable due. 10 Billed customers for services performed $5,640. 15 Paid...
WILDHORSE CO. Trial Balance September 30, 2022 Debit Credit Cash $ 23,430 Accounts Receivable 6,830 Supplies...
WILDHORSE CO. Trial Balance September 30, 2022 Debit Credit Cash $ 23,430 Accounts Receivable 6,830 Supplies 4,520 Equipment 10,420 Accounts Payable $ 9,030 Unearned Service Revenue 3,520 Common Stock 19,230 Retained Earnings 13,420 $45,200 $45,200 The October transactions were as follows. Oct. 5 Received $1,400 in cash from customers for accounts receivable due. 10 Billed customers for services performed $6,000. 15 Paid employee salaries $1,000. 17 Performed $640 of services in exchange for cash. 20 Paid $1,930 to creditors for...
Problem 3-06A This is the trial balance of Sandhill Co. on September 30. Credit SANDHILL CO....
Problem 3-06A This is the trial balance of Sandhill Co. on September 30. Credit SANDHILL CO. Trial Balance September 30, 2022 Debit Cash $ 23,640 Accounts Receivable 7,040 Supplies 4,670 Equipment 10,570 Accounts Payable Unearned Service Revenue Common Stock Retained Earnings $45,920 $ 9,240 Los 70 19,440 13,570 $45,920 The October transactions were as follows. Oct. 5 10 15 17 Received 51,380 in cash from customers for accounts receivable due. Billed customers for services performed 55,300. Paid employee salaries 51.130....
The Walking Dead Co. provides services on-account and in exchange for cash. All general ledger accounts...
The Walking Dead Co. provides services on-account and in exchange for cash. All general ledger accounts are adjusted monthly. For September, the following information is available: Accounts Receivable on September 1st is $22,400 (debit) Allowance for Doubtful Accounts on September 1st is $4,400 (credit) Services provided during September for cash $20,000 Services provided during September on-account $45,000 During the month collections on account were $34,400 and accounts written off as uncollectible were $2,000. The Walking Dead estimates bad debts at...
This is the trial balance of Wildhorse Co. on September 30. WILDHORSE CO. Trial Balance September 30, 2022 Debit Credit Cash $ 23,430 Accounts Receivable 6,830 Supplies 4,520 Equipment 10,420 Accounts Payable $ 9,030 Unearned Service Revenue 3.520 Common Stock 19,230 Retained Earnings 13,420 $45,200 $45,200 The October transactions were as follows. Oct. 5 Received $1,400 in cash from customers for accounts receivable due. 10 Billed customers for services performed $6,000. 15 Paid employee salaries $1,000. 17 Performed $640 of...
Presented below is the ledger for Cullumber Co. (amounts in thousands of \). 10/1 10/10 10/10 10/20 10/25 Cash 5,500 10/4 600|10/12 2,700|10/15 440|10/30 2,100|10/31 Accounts Receivable 610 10/20 No. 101 550 1,450 390 300 430 No. 112 440 10/6 10/20 890 10/4 10/3 10/12 10/1 Supplies No. 126 550 Equipment No. 157 2,000 alance Notes Payable No. 200 10/10 2,700 Accounts Payable No. 201 1,450 10/3 2,000 Share Capital - Ordinary No. 311 5,500 10/25 2,100 Dividends No. 332...
Presented below is the ledger for Cullumber Co. (amounts in thousands of ¥). 10/1 10/10 10/10 10/20 10/25 10/6 10/20 10/4 10/3 Cash No. 101 5,500|10/4 550 600|10/12 1,450 2,700 10/15 390 440|10/30 300 2,100 10/31 430 Accounts Receivable No. 112 610|10/20 440 890 Supplies No. 126 550 Equipment No. 157 2,000 Balance Notes Payable No. 200 10/10 2,700 Accounts Payable No. 201 1,450 10/3 2,000 Share Capital-Ordinary No. 311 10/1 5,500 10/25 2,100 Dividends No. 332 300 Service Revenue...
question P1-8A
10. On March 31, she performed $3,500 of legal services on account. 11. On March 31, she received $2,500 cash for legal services to be provided in April. 12. On March 31, she paid her receptionist $500 for the week. 13. On March 31, she paid $400 for the supplies purchased on account on March 21. Instructions (a) Prepare a tabular analysis of the effects of the above transactions on the accounting equation. (6) Calculate profit and owner's...
Sep 16 Collected $3,000 cash from a client on account. 18 Provided services on account, $2,500. 21 Received $1,200 cash for services provided. 23 Purchased supplies on account, $900. 25 Paid $1,900 in dividends. 27 Paid $2,000 on account. 29 Received $3,300 cash for services provided. 30 Paid rent, $2,000. 30 Paid employees' salaries, $2,500. GOO, Inc. Trial Balance September 15, 2018 Acct # Account Debit Credit 110 Cash $ 3,700 112 7,300 Accounts receivable Supplies 115 100 140 11,700...
WILDHORSE CO. Trial Balance September 30, 2022 Debit Credit Cash $ 23,430 Accounts Receivable 6,830 Supplies 4,520 Equipment 10,420 Accounts Payable $ 9,030 Unearned Service Revenue 3,520 Common Stock 19,230 Retained Earnings 13,420 $45,200 $45,200 The October transactions were as follows. Oct. 5 Received $1,400 in cash from customers for accounts receivable due. 10 Billed customers for services performed $6,000. 15 Paid employee salaries $1,000. 17 Performed $640 of services in exchange for cash. 20 Paid $1,930 to creditors for...
Problem 3-06A This is the trial balance of Sandhill Co. on September 30. Credit SANDHILL CO. Trial Balance September 30, 2022 Debit Cash $ 23,640 Accounts Receivable 7,040 Supplies 4,670 Equipment 10,570 Accounts Payable Unearned Service Revenue Common Stock Retained Earnings $45,920 $ 9,240 Los 70 19,440 13,570 $45,920 The October transactions were as follows. Oct. 5 10 15 17 Received 51,380 in cash from customers for accounts receivable due. Billed customers for services performed 55,300. Paid employee salaries 51.130....
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