Journal entry :
Transaction | account and explanation | debit | credit |
a | Repairs and maintenance expense | 1500 | |
Cash | 1500 | ||
(To record expense paid) | |||
b | Utilities payable | 2000 | |
Cash | 2000 | ||
(To record utilities paid) | |||
c | Utilities expense | 2500 | |
Utilities payable | 2500 | ||
(To record accured) | |||
d | Salary and wages expense | 5475 | |
Cash | 5475 | ||
(To record salary and wages paid) | |||
Homework 3-Chapter 3 xSmartsims Logir Homework 3- Chapter 3 4 a. Bill's paid $1,500 to plumbers...
The following transactions are July activities of Bill's Extreme Bowling, Inc., which operates several bowling centers. a. Bill's paid $1,400 to plumbers for repairing a broken pipe in the restrooms. b. Bill's paid $2,300 for the June electricity bill and received the July bill for $3,600, which will be paid in August. c. Bill's paid $5,675 to employees for work in July. Prepare journal entries to record the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in...
The following transactions are July activities of Bill's Extreme Bowling, Inc., which operates several bowling centers. a. Bill's paid $3,200 to plumbers for repairing a broken pipe in the restrooms. b. Bills paid $2,600 for the June electricity bill and received the July bill for $3,400, which will be paid in August. c. Bill's paid $5,655 to employees for work in July. Prepare journal entries to record the above transactions. (If no entry is required for a transaction/event, select "No Journal Required" in the...
The following transactions are July activities of Bill's Extreme Bowling, Inc., which operates several bowling centers. If an expense is to be recognized in July, indicate the amount. ActivityAmounta. Bill's paid $2,250 in July to plumbers for repairing a broken pipe in the restrooms.b. Bill's paid $2,550 for the June electricity bill and received the July bill for $3,150, which will be paid in August.c. Bill's paid $5,750 to employees for work in July.
M3-4 Identifying Accrual Basis Expenses [LO 3-2] The following transactions are July activities of Bill's Extreme Bowling, Inc., which operates several bowling centers. If an expense is to be recognized in July, indicate the amount. a. Bill's paid $2,000 to plumbers for repairing a broken pipe in the restrooms. b. Bill's paid $3,600 for the June electricity bill and received the July bill for $4,400, which will be paid in August. c. Bill's paid $5,525 to employees for work in July.
The following transactions are July activities of Noah’s Tik Tok Service, which creates videos. Noah paid $762 to plumbers for repairing a broken pipe in the restrooms. Noah paid $468 for the June electricity bill and received the July bill for $633, which will be paid in August. Noah paid 316 to employees for work in July. What are the total change to liabilities that Noah will recognize in July? If increase, leave as a positive number. If decreases, place...
2. The following transactions are July activities of Bill’s Extreme Bowling, Inc., which operates several bowling centers. Bill's paid $3,250 to plumbers for repairing a broken pipe in the restrooms. Bill's paid $3,150 for the June electricity bill and received the July bill for $3,450, which will be paid in August. Bill's paid $5,915 to employees for work in July. Prepare journal entries to record the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry...
Q1) The following transactions are July activities of Noah’s Tik Tok Service, which creates videos. Noah paid $882 to plumbers for repairing a broken pipe in the restrooms. Noah paid $758 for the June electricity bill and received the July bill for $986, which will be paid in August. Noah paid $552 to employees for work in July. What are the total change to liabilities that Noah will recognize in July? If increase, leave as a positive number. If decreases,...
help please with m3-3 m3-4 m3-5 m3-6 super confused Customer deposits Expenses Inventory purchases Wages paid Cost of sales Wages expense Utilities expense Net income Net income M3-3 LO3-2, 3-3 Identifying Revenues The following transactions are July activities of Craig's Bowling, Inc., which operates several bowling centers (for games and equipment sales). If revenue is to be recognized in July, indicate the reven account title and amount. If revenue is not to be recognized in July, explain why. CHAPTER 3...
Journal entry worksheet 4 rescoronhe avment ofro ipe in the restrooms. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal Journal entry worksheet 4 Record the payment of $3,300 for the June electricity bill Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 4 Record the receipt of July electricity bill for $4,000 which will be paid in August. Note:...
The following transactions are July activities of Bennett's Bowling, Inc., which operates several bowling centers, offering customers lanes for games and merchandise for sale. e. Bennett's provided to customers bowling merchandise inventory costing Bennett's $3,890. [Consider only the effect on cost goods sold [expense] here. Do not consider sales revenue for this question.] f. Bennett's paid $2,300 on the electricity bill for June (recorded as an expense in June). g. Bennett's paid $3,800 to employees for work in July. h. Bennett's purchased $3,300 in...