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What type of transaction and the dollar amount for that transaction? fransaction 3 one-year...
What type of transaction and the dollar amount for that transaction? Transaction4 The owners paid $3,000...
What type of transaction and the dollar amount for that
transaction?
Transaction4 The owners paid $3,000 for website advertising. They were able to get a good deal because one of the company's owners also owns stock in the website company. The owners also paid $5,500 for some advertising in local newspapers. [Note: Combine both transactions into one entry]. Account: Dollar amount: Account: Dollar amount Dollar amount Account: Dollar amounts Account: Dollar amount: Account: Cash Submit Anst Accounts Receivable Inventory My...
Transaction 6 Wages and salaries in March were $11,200, of which $8,200 was actually paid to...
Transaction 6 Wages and salaries in March were $11,200, of which $8,200 was actually paid to employees. Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank Dollar amount: Account: Dollar amount: Submit Ang
Transaction 5 Sales were $80,000. Cost of merchandise sold was 70% of sales. 40% of sales...
Transaction 5 Sales were $80,000. Cost of merchandise sold was 70% of sales. 40% of sales were for cash. [Note: Record the complete entry for the sales first and the complete entry for the expenses second] Account: Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank Dollar amount: Account: Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained...
Three former college classmates decided to open a store near campus to sell wireless equipment to...
Three former college classmates decided to open a store near campus to sell wireless equipment to students. They created a public company, The Wire, and issued stock to interested investors. They plan on creating monthly financial statements. Required: Several transactions occurred in March. Each is described separately in this folder. For each transaction, indicate the accounts for The Wire that are affected, whether they increase or decrease, and the amount of the increase or decrease. YOU MUST FOLLOW THE INSTRUCTIONS...
Three former college classmates decided to open a store near campus to sell wireless equipment to...
Three former college classmates decided to open a store near campus to sell wireless equipment to students. They created a public company, The Wire, and issued stock to interested investors. They plan on creating monthly financial statements. Required: Several transactions occurred in March. Each is described separately in this folder. For each transaction, indicate the accounts for The Wire that are affected, whether they increase or decrease, and the amount of the increase or decrease. YOU MUST FOLLOW THE INSTRUCTIONS...
Three former college classmates have decided to pool a variety of work experiences by opening a...
Three former college classmates have decided to pool a variety of work experiences by opening a store near campus to sell wireless equipment to students. The business has been incorporated as University Wireless. Required: Several transactions occurred in March. Each is described separately in this folder. For each transaction, indicate the accounts that are affected, whether they increase or decrease, and the amount of the increase or decrease. Transaction 5 Sales were $80,000. Cost of merchandise sold was 70% of...
Three former college classmates have decided to pool a variety of work experiences by opening a...
Three former college classmates have decided to pool a variety of work experiences by opening a store near campus to sell wireless equipment to students. The business has been incorporated as University Wireless. Required: Several transactions occurred in March. Each is described separately in this folder. For each transaction, indicate the accounts that are affected, whether they increase or decrease, and the amount of the increase or decrease. YOU MUST FOLLOW THE INSTRUCTIONS BELOW. IF YOU DON'T, YOU MAY KNOW...
Three former college classmates have decided to pool a variety of work experiences by opening a...
Three former college classmates have decided to pool a variety of work experiences by opening a store near campus to sell wireless equipment to students. The business has been incorporated as University Wireless. Required: Several transactions occurred in March. Each is described separately in this folder. For each transaction, indicate the accounts that are affected, whether they increase or decrease, and the amount of the increase or decrease. Transaction 8 On March 1, fixtures and equipment were purchased for $4,000...
Three former college classmates decided to open a store near campus to sell wireless equipment to...
Three former college classmates decided to open a store near
campus to sell wireless equipment to students. They created a
public company, The Wire, and issued stock to interested investors.
They plan on creating monthly financial statements.
Required: Several transactions occurred in March. Each is
described separately in this folder. For each transaction, indicate
the accounts for The Wire that are affected, whether they increase
or decrease, and the amount of the increase or decrease. When you
record the dollar...
Transaction 1 On March 1, the three classmates opened a checking account for The Wire at...
Transaction 1 On March 1, the three classmates opened a checking account for The Wire at a local bank. They each deposited $25,000 in exchange for shares of stock. A few of their friends also purchased stock for $10,000 that was deposited in The Wire account. Transaction 2 The company quickly acquired $41,000 in inventory, 60% of which was acquired on open accounts that were payable after 30 days. The rest was paid for in cash. Transaction 3 A one-year...
What type of transaction and the dollar amount for that
transaction?
Transaction4 The owners paid $3,000 for website advertising. They were able to get a good deal because one of the company's owners also owns stock in the website company. The owners also paid $5,500 for some advertising in local newspapers. [Note: Combine both transactions into one entry]. Account: Dollar amount: Account: Dollar amount Dollar amount Account: Dollar amounts Account: Dollar amount: Account: Cash Submit Anst Accounts Receivable Inventory My...
Transaction 6 Wages and salaries in March were $11,200, of which $8,200 was actually paid to employees. Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank Dollar amount: Account: Dollar amount: Submit Ang
Three former college classmates decided to open a store near
campus to sell wireless equipment to students. They created a
public company, The Wire, and issued stock to interested investors.
They plan on creating monthly financial statements.
Required: Several transactions occurred in March. Each is
described separately in this folder. For each transaction, indicate
the accounts for The Wire that are affected, whether they increase
or decrease, and the amount of the increase or decrease. When you
record the dollar...
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