I can't figure out adjusting journal entries and T acct
Homework Answers
| Sr. No. | To/By | Particular | Dr. | Cr. |
| 1 | To | Office Funiture | $ 6,000.00 | |
| To | Interest Payable | $ 600.00 | ||
| By | Vendor | $ 6,600.00 | ||
| 2 | To | Coffee table Books | $ 435.00 | |
| By | Art Image | $ 435.00 | ||
| To | Freight | $ 35.00 | ||
| By | Art Image | $ 35.00 | ||
| 3 | To | Art Image | $ 29.00 | |
| By | Allowance granted | $ 29.00 | ||
| 4 | To | Rent | $ 1,200.00 | |
| By | Landlord | $ 1,200.00 | ||
| 5 | To | Mr. Barclay | $ 200.00 | |
| By | Photo Consulting Income | $ 200.00 | ||
| 6 | To | Book Cove (22.50 Rate x 15 Qty. + 40 Freight) | $ 377.50 | |
| By | Coffee Table Books | $ 377.50 | ||
| 7 | To | Swiggs Bar & Grille | $ 3,800.00 | |
| By | Photo Shoot Consulting Income | $ 3,800.00 | ||
| 8 | To | PG & E | $ 95.00 | |
| By | Cash | $ 95.00 | ||
| 9 | To | Cash | $ 3,550.00 | |
| By | La Salle Co. | $ 3,550.00 | ||
| 10 | To | Coast West | $ 3,500.00 | |
| By | Corporate Video Services | $ 3,500.00 | ||
| 11 | To | Wine Country Restaurant (22.50 Rate x 4 Qty. + 20 Freight) | $ 110.00 | |
| By | Coffee Table Books | $ 110.00 | ||
| 12 | To | Betsy Alder and Keith Burnook | $ 400.00 | |
| By | Photo Shoot Consulting Income | $ 400.00 | ||
| 13 | To | Salary Exp. | $ 6,200.00 | |
| By | Cash | $ 6,200.00 | ||
| To | Salary Payable | $ 1,260.00 | ||
| By | Cash | $ 1,260.00 | ||
| 14 | To | Coffee Table Books | $ 22.50 | |
| By | Book Cove | $ 22.50 | ||
| 15 | To | Cash | $ 355.00 | |
| By | Book Cove | $ 355.00 | ||
| 16 | To | Cash | $ 12,000.00 | |
| By | CocoReno athletic | $ 12,000.00 | ||
| 17 | To | Recycle Books (22.50 Rate x 5 Qty. + 20 Freight) | $ 132.50 | |
| By | Coffee Table Books | $ 133.00 | ||
| 18 | To | Cash | $ 6,700.00 | |
| By | The Verb | $ 6,700.00 | ||
| 19 | To | Office Super | $ 4,000.00 | |
| By | Cash | $ 4,000.00 | ||
| 20 | To | Mystic Café prepaid | $ 2,000.00 | |
| By | Advance against Photo Shoot Consulting | $ 2,000.00 | ||
| 21 | To | Cash | $ 132.50 | |
| By | Recycle Books | $ 132.50 | ||
| 22 | To | Owner Withdrawl Monthly | $ 5,000.00 | |
| By | Cash | $ 5,000.00 | ||
| 23 | To | Art Image | $ 441.00 | |
| By | Cash | $ 441.00 | ||
| 24 | To | Account Receiveble | $ 200.00 | |
| By | Mr. Barclay | $ 200.00 | ||
| 25 | To | Utilities Exp. | $ 105.00 | |
| By | Utilities Payable | $ 105.00 | ||
| 26 |
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Looking to get all the journal entries for the following! and
the adjusting journals as well! Thank you!
ACCTG 211 Accounting Cycle Project 150 Points Blank Co. is a retail business that uses the perpetual inventory system. The account balances for Blank Co. as of May 1, 2019 (unless otherwise indicated), are as follows: 110 Cash 112 Accounts Receivable 115 Inventory 116 Estimated Returns Inventory 117 Prepaid Insurance 118 Store Supplies 123 Store Equipment 124 Accumulated Depreciation- Store Equipment 210...
make the journal entries for each transaction as the seller
Problem 2 Betty Croaker Kitchens We Sell Merchandise (we are the seller) Betty Croaker opened Betty Croaker Kitchens on January 2. The following transaction occurred during the month. January 1 -Sold merchandise on account to Phil's Barry Muffins, $230. January 2- Cash sales for the week, $900. January 3 - Received a bill for freight $200 (FOB shipping point) and paid the January 4 - Received a bill for freight...
Record the following transactions in the T-accounts provided for
S&V Office Supply Company.
EXERCISE ONE: Record the following transactions in the T-accounts provided (NEXT PAGE) for S & V Office Supply Company. 1) S& V purchased $500 worth of merchandise for cash. There were no shippng costs. S & V purchased $4,000 of merchandise on account: Terms n/30. FOB Shipping Point (buyer pays). 2) S&V separately paid cash to the freight company- $45. Recognized revenue of $500 on the cash...
Mer Lea P5-35A Journalizing purchase and sal Journalize the following transac World. No explanations are receivable with the vendor or customer at the end of each month. 8 purchase and sale transactions he following transactions that occurred in November 2018 for Julie's Fun explanations are needed. Identify each accounts payable and accounts with the vendor or customer name. Julie's Fun World estimates sales returns NOV.4 Purchased merchandise inventory on account from Vera Company, $5,000. Terms 3/10, n/EOM, FOB shipping 6...
Problem 5-1A Powell's Book Warehouse distributes hardcover books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. At the end of May, Powell's inventory consisted of books purchased for $1,800. During June, the following merchandising transactions occurred. June 1 3 6 9 15 17 20 24 26 28 30 Purchased books on account for $1,600 from Kline Publishers, FOB destination, terms 2/10, n/30. The appropriate party also made a cash payment of $50 for...
The following selected transactions were completed by Capers Company during October of the current year: Oct. 1 Purchased merchandise from UK Imports Co., $13,031, terms FOB destination, n/30. 3 Purchased merchandise from Hoagie Co., $9,150, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $205 was added to the invoice. 4 Purchased merchandise from Taco Co., $14,800, terms FOB destination, 2/10, n/30. 6 Issued debit memo to Taco Co. for $4,600 of merchandise returned from purchase on October 4. 13...
. Record each transaction in
the journal, using the following account titles: Cash; Accounts
Receivable; Office Supplies; Prepaid Insurance; Land; Building;
Furniture; Accounts Payable; Utilities Payable; Notes Payable;
Common Stock; Dividends; Service Revenue; Salaries Expense; Rent
Expense; and Utilities Expense. Explanations are not required.
(Record debits first, then credits. Exclude explanations from
journal entries. Check your spelling carefully and do not
abbreviate. When applicable, use only the account names provided in
the problem statement.)
Requirement 1. Record each transaction in...
Solve the part using the info provided. Open the images in a new
tab if you are having issue with the font size. Thank you.
Problem 5-01A (Video) Sarasota's Book Warehouse distributes hardcover books to retail stores and extends credit terms of 1/10, n/30 to all of its customers. At the end of May, Sarasota's inventory consisted of books purchased for $1,600. During June, the following merchandising transactions occurred. June 1 Purchased books on account for $1,300 from Kline Publishers,...
How
do I journalize these transactions and then post them to an
unadjusted trial balance?
Wallenpaupack Lake Co. is a retail business that uses the perpetual inventory system. The account balances for Wallenpaupack as of May 1, 20Y9 (unless otherwise indicated), are as follows: 110 Cash 112 Accounts Receivable 115 Inventory 116 Estimated Returns Inventory 117 Prepaid Insurance 118 Store Supplies 123 Store Equipment 124 Accumulated Depreciation- Store Equipment 210 Accounts Payable 211 Salaries Payable 212 Customers Refunds Payable 310...
I
need help completing journal entries for the following events
Acct 2400 Project 2- Merchandise Inventory & Sale 2. Following is a list of events that occurred during 2018. a) Jan 6, 2018 - Lawn Pro paid the salaries payable from 2017. b) Jan 14, 2018 - The company acquired an additional $50,000 cash from the issue of common stock c) Jan 17, 2018 - The company paid $900 cash for supplies to be used by the business. d) Jan...