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Task 2 (12 Marks) Selected Transactions from Al-Mukhaini Transport Services began on June 1, 2019 by...
Selected transactions from the journal of June Feldman, investment broker, are presented below. Ref. Credit Date...
Selected transactions from the journal of June Feldman, investment broker, are presented below. Ref. Credit Date Aug. 1 Debit 5,750 Account Titles and Explanation Cash Owner's Capital (Owner's investment of cash in business) Cash 5,750 10 2,990 Service Revenue 2.990 12 5,750 2,645 3,105 25 (Received cash for services performed) Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) Accounts Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) 1,955 1,955...
Question 1 of 6 CUTEL ALLEIPURITIUS του Selected transactions from the journal of June Feldman, investment...
Question 1 of 6 CUTEL ALLEIPURITIUS του Selected transactions from the journal of June Feldman, investment broker, are presented below. Date Aug. 1 Ref. Credit Debit 7.100 7.100 10 3,692 3,692 12 7,100 Account Titles and Explanation Cash Owner's Capital (Owner's investment of cash in business) Cash Service Revenue (Received cash for services performed) Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) Accounts Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash...
Question 1 Selected transactions for Bakar Enterprise, an interior decorator, are as follows: March 2 Invested...
Question 1
Selected transactions for Bakar Enterprise, an interior
decorator, are as follows:
March
2
Invested RM15,000 cash in business.
3
Purchased used car for RM4,000 cash for use in business.
9
Purchased supplies on account for RM500 .
11
Billed customer RM1,800 for services performed.
16
Paid RM200 cash for advertising.
20
Received RM700 cash from customers billed on 11 March.
23
Paid Ah Meng RM400 cash on balanced owed.
28
Paid RM1,500 cash salary to administrative assistant.
29...
Selected transactions from the journal of June Feldman, investment broker, are presented below. Ref. Credit Date...
Selected transactions from the journal of June Feldman, investment broker, are presented below. Ref. Credit Date Aug. 1 Debit 5.450 5,450 2.834 10 2.834 5.450 12 Account Titles and Explanation Cash Owner's Capital (Owner's investment of cash in business) Cash Service Revenue (Received cash for services performed) Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) Accounts Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) 2.507 2.943 1.853 25 1.853...
Exercise 2-2 Selected transactions for A. Mane, an interior decorator, in her first month of business,...
Exercise 2-2 Selected transactions for A. Mane, an interior decorator, in her first month of business, are as follows. List of Accounts Jan. 2 Invested $10,000 cash in business. Exercise 2-2 3 Purchased used car for $3,000 cash for use in business. Accounts Payable Accounts Receivable Advertising Expense Buildings 9 Purchased supplies on account for $500 11 Billed customers S2,400 for services performed. 16 Paid $350 cash for advertising. 20 Received $7D0 cash from customers billed on January 11 23...
Question 2: Journalize Transactions /16 marks On March 1, 2019 Fahad Bader opened an office for...
Question 2: Journalize Transactions /16 marks On March 1, 2019 Fahad Bader opened an office for legal law consultations. The following are the transactions that occurred during the first month of operations: • March 1: Fahad Invested $ 30,000 cash to start the business, • March 2: Hired two employees to work in the office, they will each be paid a salary of 3,050 per month March 2: Purchased equipment costing $ 2,500 on account March 3: The business provided...
Oct. 1 2 4 7 8 Riverbed Corp provides security services. Selected transactions for Riverbed Corp...
Oct. 1 2 4 7 8 Riverbed Corp provides security services. Selected transactions for Riverbed Corp are presented below. Issued common stock in exchange for $67,300 cash from investors. Hired part-time security consultant. Salary will be $2,000 per month. First day of work will be October 15. Paid 1 month of rent for building for $2,000. Purchased equipment for $18,400, paying $4,100 cash and the balance on account. Paid $1,700 for advertising. Received bill for equipment repair cost of $420....
BAC1034 PRINCIPLES OF FINANCIAL ACCOUNTING QUESTION 1 [10 MARKS] iniri Listed below are business transactions. The...
BAC1034 PRINCIPLES OF FINANCIAL ACCOUNTING QUESTION 1 [10 MARKS] iniri Listed below are business transactions. The company issues ordinary shares in exchange for RM25,000 cash. Purchased RM400 of supplies on credit. Purchased equipment for RM10,000, paying RM3,000 in cash and signed a 30-day, RM7,000, note payable. Real estate commissions billed to clients amount to RM4,000. Paid RM700 in cash for the current month's rent. Paid RM200 cash on account for supplies purchased in transaction 2. Received a bill for RM600...
EX 1-12 Transactions OBJ.4 The following selected transactions were completed by Silverado Delivery Service during February...
EX 1-12 Transactions OBJ.4 The following selected transactions were completed by Silverado Delivery Service during February 1. Received cash from owner as additional investment, $25,000. 2. Purchased supplies for cash, $750. 3. Paid rent for February, $3,000. 4. Paid advertising expense, $1,500. 5. Received cash for providing delivery services, $16,800. 6. Billed customers for delivery services on account, $32,500. 7. Paid creditors on account, $1,400. 8. Received cash from customers on account, $23.770 9. Determined that the cost of supplies...
Question 1 View Policies /1 Current Attempt in Progress Presented below are eight business transactions. Indicate...
Question 1 View Policies /1 Current Attempt in Progress Presented below are eight business transactions. Indicate the effect of each transaction on each element of the accounting equation (a) Purchased $259 of supplies on account. (b) Performed $497 of services on account. () Paid $291 of operating expenses. (d) Paid $259 cash on account for the supplies purchased in item (a) above. (e) Invested $1,191 cash in the business. () Owner withdrew $350 cash. (g) Hired an employee to start...
Selected transactions from the journal of June Feldman, investment broker, are presented below. Ref. Credit Date Aug. 1 Debit 5,750 Account Titles and Explanation Cash Owner's Capital (Owner's investment of cash in business) Cash 5,750 10 2,990 Service Revenue 2.990 12 5,750 2,645 3,105 25 (Received cash for services performed) Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) Accounts Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) 1,955 1,955...
Question 1 of 6 CUTEL ALLEIPURITIUS του Selected transactions from the journal of June Feldman, investment broker, are presented below. Date Aug. 1 Ref. Credit Debit 7.100 7.100 10 3,692 3,692 12 7,100 Account Titles and Explanation Cash Owner's Capital (Owner's investment of cash in business) Cash Service Revenue (Received cash for services performed) Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) Accounts Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash...
Question 1
Selected transactions for Bakar Enterprise, an interior
decorator, are as follows:
March
2
Invested RM15,000 cash in business.
3
Purchased used car for RM4,000 cash for use in business.
9
Purchased supplies on account for RM500 .
11
Billed customer RM1,800 for services performed.
16
Paid RM200 cash for advertising.
20
Received RM700 cash from customers billed on 11 March.
23
Paid Ah Meng RM400 cash on balanced owed.
28
Paid RM1,500 cash salary to administrative assistant.
29...
Selected transactions from the journal of June Feldman, investment broker, are presented below. Ref. Credit Date Aug. 1 Debit 5.450 5,450 2.834 10 2.834 5.450 12 Account Titles and Explanation Cash Owner's Capital (Owner's investment of cash in business) Cash Service Revenue (Received cash for services performed) Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) Accounts Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) 2.507 2.943 1.853 25 1.853...
Exercise 2-2 Selected transactions for A. Mane, an interior decorator, in her first month of business, are as follows. List of Accounts Jan. 2 Invested $10,000 cash in business. Exercise 2-2 3 Purchased used car for $3,000 cash for use in business. Accounts Payable Accounts Receivable Advertising Expense Buildings 9 Purchased supplies on account for $500 11 Billed customers S2,400 for services performed. 16 Paid $350 cash for advertising. 20 Received $7D0 cash from customers billed on January 11 23...
Question 2: Journalize Transactions /16 marks On March 1, 2019 Fahad Bader opened an office for legal law consultations. The following are the transactions that occurred during the first month of operations: • March 1: Fahad Invested $ 30,000 cash to start the business, • March 2: Hired two employees to work in the office, they will each be paid a salary of 3,050 per month March 2: Purchased equipment costing $ 2,500 on account March 3: The business provided...
Oct. 1 2 4 7 8 Riverbed Corp provides security services. Selected transactions for Riverbed Corp are presented below. Issued common stock in exchange for $67,300 cash from investors. Hired part-time security consultant. Salary will be $2,000 per month. First day of work will be October 15. Paid 1 month of rent for building for $2,000. Purchased equipment for $18,400, paying $4,100 cash and the balance on account. Paid $1,700 for advertising. Received bill for equipment repair cost of $420....
BAC1034 PRINCIPLES OF FINANCIAL ACCOUNTING QUESTION 1 [10 MARKS] iniri Listed below are business transactions. The company issues ordinary shares in exchange for RM25,000 cash. Purchased RM400 of supplies on credit. Purchased equipment for RM10,000, paying RM3,000 in cash and signed a 30-day, RM7,000, note payable. Real estate commissions billed to clients amount to RM4,000. Paid RM700 in cash for the current month's rent. Paid RM200 cash on account for supplies purchased in transaction 2. Received a bill for RM600...
EX 1-12 Transactions OBJ.4 The following selected transactions were completed by Silverado Delivery Service during February 1. Received cash from owner as additional investment, $25,000. 2. Purchased supplies for cash, $750. 3. Paid rent for February, $3,000. 4. Paid advertising expense, $1,500. 5. Received cash for providing delivery services, $16,800. 6. Billed customers for delivery services on account, $32,500. 7. Paid creditors on account, $1,400. 8. Received cash from customers on account, $23.770 9. Determined that the cost of supplies...
Question 1 View Policies /1 Current Attempt in Progress Presented below are eight business transactions. Indicate the effect of each transaction on each element of the accounting equation (a) Purchased $259 of supplies on account. (b) Performed $497 of services on account. () Paid $291 of operating expenses. (d) Paid $259 cash on account for the supplies purchased in item (a) above. (e) Invested $1,191 cash in the business. () Owner withdrew $350 cash. (g) Hired an employee to start...
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