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The following error occurred during the month of April 20x9 for Luman Ltd. A $1053 payment...
DQuestion 13 1 pts Michelin Jewelers completed the following transactions. Michelin Jewelers uses the perpetual inventory...
DQuestion 13 1 pts Michelin Jewelers completed the following transactions. Michelin Jewelers uses the perpetual inventory system. On April 2, Michelin sold $9,000 of merchandise to a customer on account with terms of 3/15, n/30. Michelin's cost of the merchandise sold was $5,500. Which of the following journal entries correctly records the Sales revenue? O Dr. Sales Revenue 8,730: Cr. Acounts Receivable 8.730 O Dr. Cash 8,730, Cr. Sales Revenue 8,730 O Dr. Accounts Receivable 8730: Cr. Sales Revenue 8730...
orange corporation uses the following items for its bank reconciliation for the month of April balance...
orange corporation uses the following items for its bank
reconciliation for the month of April balance per books april 30
$905
1. Orange Corporation uses the following items for its bank reconciliation for the month of April. Balance per books April 30 $ 905 Balance per bank statement April 30 $11,300 (1) Checks written in April but still outstanding $6,300. (2) Checks written in March but still outstanding $2,800. (3) Deposits of April 30 not yet recorded by bank $4,900....
Blossom Food Store used the following information in recording its bank reconciliation for the month of...
Blossom Food Store used the following information in recording its bank reconciliation for the month of April. Balance per books April 30 Balance per bank statement April 30 $870 $13,100 (1) (2) (3) (4) (5) Checks written in April but still outstanding $6,600. Checks written in March but still outstanding $4,200. Deposits of April 30 not yet recorded by bank $4,600. NSF check of customer returned by bank $750. Check No. 210 for $694 was correctly issued and paid by...
Cullumber Food Store used the following information in recording its bank reconciliation for the month of...
Cullumber Food Store used the following information in recording its bank reconciliation for the month of April. Balance per books April 30 Balance per bank statement April 30 $950 $13,700 (1) (2) (3) (4) (5) Checks written in April but still outstanding $7,960. Checks written in March but still outstanding $3,500. Deposits of April 30 not yet recorded by bank $4,800. NSF check of customer returned by bank $500. Check No. 210 for $783 was correctly issued and paid by...
R. Ivanhoe Co. uses special journals and a general journal. The following transactions occurred during May...
R. Ivanhoe Co. uses special journals and a general journal. The following transactions occurred during May 2020 May 1 R. Ivanhoe invested $46,400 cash in the business. 2 Sold merchandise to Lawrie Co. for $5,830 cash. The cost of the merchandise sold was $4,050 3 Purchased merchandise for $7,170 from J. Moskos using check no. 101 14 Paid salary to H. Rivera $725 by issuing check no. 102. 16 Sold merchandise on account to K. Stanton for $820, terms n/30....
Journalize the following: On the books & records of Company A On May 2nd, Company A...
Journalize the following: On the books & records of Company A On May 2nd, Company A received $100 of interest income from the bank earned in April. If the books are on an accrual basis, record the entry in April and in May when cash was received April Dr. Interest Receivable Cr. Interest Income May Cash Cr. Interest Receivable On the books & records of Company A In January, Company A purchased Investment in XYZ for $100. Payment was made...
Use this information for #24 and #25. The following transactions occurred during the year April 1-...
Use this information for #24 and #25. The following transactions occurred during the year April 1- Purchased 2,000 shares of its own $10 par value, common stock for $20 per share. This is the first time the corporation ever purchased their own stock. May 3 -Sold 400 of the shares purchased on April 1 for $25 per share 24. The entry to record the April 1st transaction is: a. DR Treasury Stock $20,000 CR Cash $20,000 b. DR Treasury Stock...
Record the following transactions for the month of April 2019 in the cash receipts journal. Total,...
Record the following transactions for the month of April 2019 in the cash receipts journal. Total, prove, and rule the cash receipts journal as of April 30. a April 3 Collected $350 from Margo Daub, a credit customer on account. 8 Kevin Sharp, the owner, invested an additional $5,000 cash in the business. 9 Received a cash refund of $30 for damaged supplies. 15 Had cash sales of $5,500 plus sales tax of $385. There was cash overage of $5....
On 1 April 2020, Boneyard Ltd issued a prospectus, inviting the public to apply for shares...
On 1 April 2020, Boneyard Ltd issued a prospectus, inviting the public to apply for shares in their IPO. 500,000 shares were being offered at a price of $2.50 each, payable in full on application. Junktown Ltd agreed to fully underwrite the issue in exchange for a fee of $25,000. Applications closed on 26 April 2020, with applications (and money) for 400,000 shares received. Shares were issued on 8 May 2020, with transactions involving the underwriter settled on 11 May....
Reebies Food Store developed the following information in month of March recording its bank state...
Reebies Food Store developed the following information in month of March recording its bank statement for $ 2,905 $10,900 Balance per books March 31 Balance per bank statement March 31 (1) Checks wniten in March but still outstanding $7,000 (2) Checks writtern in February but still outstanding $2.800 (3) Deposits of March 30 and 31 not yet recorded by bank $5,200 (4) NSF check of customer returned by bank $1,200. (5) Check No. 210 for $594 was correctly issued and...
DQuestion 13 1 pts Michelin Jewelers completed the following transactions. Michelin Jewelers uses the perpetual inventory system. On April 2, Michelin sold $9,000 of merchandise to a customer on account with terms of 3/15, n/30. Michelin's cost of the merchandise sold was $5,500. Which of the following journal entries correctly records the Sales revenue? O Dr. Sales Revenue 8,730: Cr. Acounts Receivable 8.730 O Dr. Cash 8,730, Cr. Sales Revenue 8,730 O Dr. Accounts Receivable 8730: Cr. Sales Revenue 8730...
orange corporation uses the following items for its bank
reconciliation for the month of April balance per books april 30
$905
1. Orange Corporation uses the following items for its bank reconciliation for the month of April. Balance per books April 30 $ 905 Balance per bank statement April 30 $11,300 (1) Checks written in April but still outstanding $6,300. (2) Checks written in March but still outstanding $2,800. (3) Deposits of April 30 not yet recorded by bank $4,900....
Blossom Food Store used the following information in recording its bank reconciliation for the month of April. Balance per books April 30 Balance per bank statement April 30 $870 $13,100 (1) (2) (3) (4) (5) Checks written in April but still outstanding $6,600. Checks written in March but still outstanding $4,200. Deposits of April 30 not yet recorded by bank $4,600. NSF check of customer returned by bank $750. Check No. 210 for $694 was correctly issued and paid by...
Cullumber Food Store used the following information in recording its bank reconciliation for the month of April. Balance per books April 30 Balance per bank statement April 30 $950 $13,700 (1) (2) (3) (4) (5) Checks written in April but still outstanding $7,960. Checks written in March but still outstanding $3,500. Deposits of April 30 not yet recorded by bank $4,800. NSF check of customer returned by bank $500. Check No. 210 for $783 was correctly issued and paid by...
R. Ivanhoe Co. uses special journals and a general journal. The following transactions occurred during May 2020 May 1 R. Ivanhoe invested $46,400 cash in the business. 2 Sold merchandise to Lawrie Co. for $5,830 cash. The cost of the merchandise sold was $4,050 3 Purchased merchandise for $7,170 from J. Moskos using check no. 101 14 Paid salary to H. Rivera $725 by issuing check no. 102. 16 Sold merchandise on account to K. Stanton for $820, terms n/30....
Journalize the following: On the books & records of Company A On May 2nd, Company A received $100 of interest income from the bank earned in April. If the books are on an accrual basis, record the entry in April and in May when cash was received April Dr. Interest Receivable Cr. Interest Income May Cash Cr. Interest Receivable On the books & records of Company A In January, Company A purchased Investment in XYZ for $100. Payment was made...
Use this information for #24 and #25. The following transactions occurred during the year April 1- Purchased 2,000 shares of its own $10 par value, common stock for $20 per share. This is the first time the corporation ever purchased their own stock. May 3 -Sold 400 of the shares purchased on April 1 for $25 per share 24. The entry to record the April 1st transaction is: a. DR Treasury Stock $20,000 CR Cash $20,000 b. DR Treasury Stock...
Record the following transactions for the month of April 2019 in the cash receipts journal. Total, prove, and rule the cash receipts journal as of April 30. a April 3 Collected $350 from Margo Daub, a credit customer on account. 8 Kevin Sharp, the owner, invested an additional $5,000 cash in the business. 9 Received a cash refund of $30 for damaged supplies. 15 Had cash sales of $5,500 plus sales tax of $385. There was cash overage of $5....
Reebies Food Store developed the following information in month of March recording its bank statement for $ 2,905 $10,900 Balance per books March 31 Balance per bank statement March 31 (1) Checks wniten in March but still outstanding $7,000 (2) Checks writtern in February but still outstanding $2.800 (3) Deposits of March 30 and 31 not yet recorded by bank $5,200 (4) NSF check of customer returned by bank $1,200. (5) Check No. 210 for $594 was correctly issued and...
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