Make appropriate journal entries for the following:
Make appropriate journal entries for the following: 10 January 5: Pane performs renovations to convert a...
Make the appropriate journal entries, if any, to account for the installation of the machines (including any necessary changes to income tax expense) and the first payment by the university. Assume that the first machine cost Terry $132,000, the second $117,000, and the third $210,000. The average cost of the maintenance contract is $22,000. Terry’s work building these machines has already been appropriately recorded in inventory. Information: Terry determined early in its history that it was more effective for them...
Make the appropriate journal entries, if any, to account for the installation of the machines (including any necessary changes to income tax expense) and the first payment by the university. Assume that the first machine cost Terry $132,000, the second $117,000, and the third $210,000. The average cost of the maintenance contract is $22,000. Terry’s work building these machines has already been appropriately recorded in inventory. Information: Terry determined early in its history that it was more effective for them...
Create General Journal Entries for the following entries.
Here is what it should look like in Excel (as an example):
As for the previous month's entries, here they are with the
General Journal I made.
BEACON LUMBER, MONTH OF DECEMBER Dec Beacon purchases a general liability insurance policy for $1,200, paying cash. The term of the policy is one year, from Dec 1, 2009 through Nov 30, 2010. Dec Beacon purchases a forklift for S10,000, paying half in cash and...
Create General Journal Entries for the following entries.
Here is what it should look like in Excel (as an example):
As for the previous month's entries, here they are with the
General Journal I made.
BEACON LUMBER, MONTH OF DECEMBER Dec Beacon purchases a general liability insurance policy for $1,200, paying cash. The term of the policy is one year, from Dec 1, 2009 through Nov 30, 2010. Dec Beacon purchases a forklift for S10,000, paying half in cash and...