Homework Answers
| Computation of Balance in Vaidez Company | |
| Beg Balance | $3,880.00 |
| (8450-2940-1630) | |
| Add: Purchase | $6,635.00 |
| Less : Payment | $6,220.00 |
| Bal in V Company | $4,295.00 |
Add Answer to:
Question 3 Ivanhoe Company has a balance in its Accounts Payable control account of $8,450 on...
Cullumber Company has a balance in its Accounts Payable control account of $8,690 on January 1,...
Cullumber Company has a balance in its Accounts Payable control account of $8,690 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,870; Janish Company, balance $1,840; and Valdez Company. During January, the following payable-related transactions occurred. Hale Company Janish Company Valdez Company Purchases $7,230 5,280 6,745 Payments $5,670 1,840 6,160 Returns $0 2.870 0 (a) Your answer is incorrect. What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez...
Exercise 7-05 a-d (Part Level Submission) Sunland Company has a balance in its Accounts Payable control...
Exercise 7-05 a-d (Part Level Submission) Sunland Company has a balance in its Accounts Payable control account of $8,680 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,990; Janish Company, balance $1,840; and Valdez Company. During January, the following payable-related transactions occurred. Hale Company Janish Company Valdez Company Purchases Payments Returns $6,620 $6,430 $ 0 5,700 1,840 3,040 6,465 6,810 0 (a) What is the January 1 balance in the Valdez Company subsidiary account? Balance...
Exercise 7-05 a-d (Part Level Submission) Cullumber Company has a balance in its Accounts Payable control...
Exercise 7-05 a-d (Part Level Submission) Cullumber Company has a balance in its Accounts Payable control account of $8.690 on lanuary 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,870; Janish Company, balance $1,840; and Valdez Company. During January, the following payable-related transactions occurred Part Part Purchases Payments Returns Hale Company $7,230 $5,670 Janish Company Valdez Company 5,280 1,840 2,870 udy 6,745 6,160
Maldanada Company has a balance in its Accounts Payable control account of $10,500 on January 1,...
Maldanada Company has a balance in its Accounts Payable control account of $10,500 on January 1, 2020. The subsidiary ledger contains three accounts: Smith Company, balance $3,000; White Company, balance $2,500 and Marino Company. During January, the following payable-related transactions occurred. Smith Company White Company Marino Company Purchases $8,500 5,250 6,100 Payments $6,000 2,500 6,250 Returns $ -0- 1,500 What was the January 1 Balance in the Marino Co. Subsidiary account? What is the January 31 Balance in the control...
Exercise 7-04 a-d (Part Level Submission) Crane Company has a balance in its Accounts Receivable control...
Exercise 7-04 a-d (Part Level Submission) Crane Company has a balance in its Accounts Receivable control account of $11,400 on January 1, 2020. The subsidiary ledger contains three accounts: Bixler Company, balance $3,900; Cuddyer Company, balance $2,100; and Freeze Company. During January, the following receivable-related transactions occurred. Bixler Company Cuddyer Company Freeze Company Credit Sales $9,000 6,500 8,100 Collections Returns $7,700 $ 0 2,500 2,700 8,700
question 4 Able Fastners Co. has a balance in its Accounts Receivable general ledger control account of S 10,000 on January 1, 2019. The subsidiary ledger contains three vendor nts: Jones Company, bal...
question 4
Able Fastners Co. has a balance in its Accounts Receivable general ledger control account of S 10,000 on January 1, 2019. The subsidiary ledger contains three vendor nts: Jones Company, balance of s 3,000; Keller Company, balance of $ 1,000, arson Company. The combined subsidiary ledger account balances of Jones 4 Com om,Keller Company, and Larson Company at January 1, 2019 agree to the Accounts unts receivable general ledger control account balance at such date. During January 2019,...
On January 1, 2022, the ledger of Ivanhoe Company contained these liability accounts. Accounts Payable Sales...
On January 1, 2022, the ledger of Ivanhoe Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $42.900 7.000 19,400 During January, the following selected transactions occurred. Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4- month, 5%. $18.000 note. 5 Sold merchandise for cash totaling $7,420, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $10,200. (Credit Service Revenue.) 14 Paid state treasurer's department for...
Ivanhoe Company's balance sheet at December 31, 2021, is presented below. Ivanhoe Company Balance Sheet December...
Ivanhoe Company's balance sheet at December 31, 2021, is presented below. Ivanhoe Company Balance Sheet December 31, 2021 Cash $13,660 Accounts payable $8,010 Accounts receivable 21,700 Common stock 18,900 Allowance for doubtful accounts (750) Retained earnings 17,070 Inventory 9.370 $43.980 $43.980 During January 2022, the following transactions occurred. Ivanhoe uses the perpetual inventory method. Jan. 1 Ivanhoe accepted a 4-month, 8% note from Betheny Company in payment of Betheny's $3,600 account. 3 Ivanhoe wrote off as uncollectible the accounts of...
On January 1, 2022, the ledger of Ivanhoe Company contained these liability accounts. Accounts Payable Sales...
On January 1, 2022, the ledger of Ivanhoe Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $44,000 8,100 20,500 During January, the following selected transactions occurred. Jan. 1 5 12 14 20 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. Sold merchandise for cash totaling $6,360, which includes 6% sales taxes. Performed services for customers who had made advance payments of $11,000. (Credit Service Revenue.) Paid state treasurer's department for...
Post the entries in the general journal below to the accounts payable account in the general...
Post the entries in the general journal below to the accounts payable account in the general ledger and to the appropriate accounts in the accounts payable ledger. Assume the following account balances at January 1, 2019, for Bioplast Jewelry, Inc.: Accounts Payable (control account) Accounts Payable-Evans Enterprises Accounts Payable-Stamos Distributors Accounts Payable-Tonetta Company $7,500 1,900 3,480 2.200 GENERAL JOURNAL DESCRIPTION POST. REF. DEBIT CREDIT DATE 2019 Jan. 8 Accounts Payable/Stamos Distributors Made partial payment on account, Check 1240 360 10...
Cullumber Company has a balance in its Accounts Payable control account of $8,690 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,870; Janish Company, balance $1,840; and Valdez Company. During January, the following payable-related transactions occurred. Hale Company Janish Company Valdez Company Purchases $7,230 5,280 6,745 Payments $5,670 1,840 6,160 Returns $0 2.870 0 (a) Your answer is incorrect. What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez...
Exercise 7-05 a-d (Part Level Submission) Sunland Company has a balance in its Accounts Payable control account of $8,680 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,990; Janish Company, balance $1,840; and Valdez Company. During January, the following payable-related transactions occurred. Hale Company Janish Company Valdez Company Purchases Payments Returns $6,620 $6,430 $ 0 5,700 1,840 3,040 6,465 6,810 0 (a) What is the January 1 balance in the Valdez Company subsidiary account? Balance...
Exercise 7-05 a-d (Part Level Submission) Cullumber Company has a balance in its Accounts Payable control account of $8.690 on lanuary 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,870; Janish Company, balance $1,840; and Valdez Company. During January, the following payable-related transactions occurred Part Part Purchases Payments Returns Hale Company $7,230 $5,670 Janish Company Valdez Company 5,280 1,840 2,870 udy 6,745 6,160
Maldanada Company has a balance in its Accounts Payable control account of $10,500 on January 1, 2020. The subsidiary ledger contains three accounts: Smith Company, balance $3,000; White Company, balance $2,500 and Marino Company. During January, the following payable-related transactions occurred. Smith Company White Company Marino Company Purchases $8,500 5,250 6,100 Payments $6,000 2,500 6,250 Returns $ -0- 1,500 What was the January 1 Balance in the Marino Co. Subsidiary account? What is the January 31 Balance in the control...
Exercise 7-04 a-d (Part Level Submission) Crane Company has a balance in its Accounts Receivable control account of $11,400 on January 1, 2020. The subsidiary ledger contains three accounts: Bixler Company, balance $3,900; Cuddyer Company, balance $2,100; and Freeze Company. During January, the following receivable-related transactions occurred. Bixler Company Cuddyer Company Freeze Company Credit Sales $9,000 6,500 8,100 Collections Returns $7,700 $ 0 2,500 2,700 8,700
question 4
Able Fastners Co. has a balance in its Accounts Receivable general ledger control account of S 10,000 on January 1, 2019. The subsidiary ledger contains three vendor nts: Jones Company, balance of s 3,000; Keller Company, balance of $ 1,000, arson Company. The combined subsidiary ledger account balances of Jones 4 Com om,Keller Company, and Larson Company at January 1, 2019 agree to the Accounts unts receivable general ledger control account balance at such date. During January 2019,...
On January 1, 2022, the ledger of Ivanhoe Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $42.900 7.000 19,400 During January, the following selected transactions occurred. Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4- month, 5%. $18.000 note. 5 Sold merchandise for cash totaling $7,420, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $10,200. (Credit Service Revenue.) 14 Paid state treasurer's department for...
Ivanhoe Company's balance sheet at December 31, 2021, is presented below. Ivanhoe Company Balance Sheet December 31, 2021 Cash $13,660 Accounts payable $8,010 Accounts receivable 21,700 Common stock 18,900 Allowance for doubtful accounts (750) Retained earnings 17,070 Inventory 9.370 $43.980 $43.980 During January 2022, the following transactions occurred. Ivanhoe uses the perpetual inventory method. Jan. 1 Ivanhoe accepted a 4-month, 8% note from Betheny Company in payment of Betheny's $3,600 account. 3 Ivanhoe wrote off as uncollectible the accounts of...
On January 1, 2022, the ledger of Ivanhoe Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $44,000 8,100 20,500 During January, the following selected transactions occurred. Jan. 1 5 12 14 20 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. Sold merchandise for cash totaling $6,360, which includes 6% sales taxes. Performed services for customers who had made advance payments of $11,000. (Credit Service Revenue.) Paid state treasurer's department for...
Post the entries in the general journal below to the accounts payable account in the general ledger and to the appropriate accounts in the accounts payable ledger. Assume the following account balances at January 1, 2019, for Bioplast Jewelry, Inc.: Accounts Payable (control account) Accounts Payable-Evans Enterprises Accounts Payable-Stamos Distributors Accounts Payable-Tonetta Company $7,500 1,900 3,480 2.200 GENERAL JOURNAL DESCRIPTION POST. REF. DEBIT CREDIT DATE 2019 Jan. 8 Accounts Payable/Stamos Distributors Made partial payment on account, Check 1240 360 10...
Most questions answered within 3 hours.
-
Problem 1: Present entries to record the selected transactions
described below:
(a)
Issued $2,790,000 of 5-year,...
asked 1 minute ago -
Using technology to support HR activities increases:
a.
the efficiency of the administrative HR functions.
b....
asked 2 minutes ago -
1. List the features used to classify leaf
types.
2. List some characteristics that are shared...
asked 7 minutes ago -
The three elements of Value Proposition, Key Customers, and
Capabilities operate within an environment. Which of...
asked 10 minutes ago -
Katelynn, a physician, earns $200,000 from her medical practice
in the current year. She receives $45,000...
asked 17 minutes ago -
Each row of the table below describes an aqueous solution at
25°C
.
The second column...
asked 21 minutes ago -
A horizontal wire is at y = 0. Current travels in the +x
direction. The magnetic...
asked 22 minutes ago -
Let X be a continuous random variable whose PDF is Let X be a
continuous random...
asked 43 minutes ago -
Martinez Company’s relevant range of production is 7,500 units
to 12,500 units. When it produces and...
asked 41 minutes ago -
A football with a mass of 1.2 kg is kicked from ground level to
a height...
asked 47 minutes ago -
Remember: Changes in supply determinants shift supply, and
changes in demand determinants shift demand. We say...
asked 45 minutes ago -
Why is the answer b), for this question? I came up with C) for
my incorrect...
asked 51 minutes ago