accounting journal entries for each transactions no journal entry may be recorded company had following happen...
accounting journal entries for each transactions
no journal entry may be recorded
company had following happen in October
October 1- Paid 300 for rent
October 3- Purchased fuel costing $350 for next trip
October 5- Received $300 from customer to ship items next month
October 6- Customer paid $600 for a service
October 10 - Paid $100 for advertisement in local paper to run later in month
October 12 - Paid worker $2,000 for wages for last month ( recorded expense in September )
October 18- Two customers paid $4,700 for service, one customer paid $1,400 cash and other asked to be billed
October 23- purchased on account $424 for supplies
October 30- Declared $200 dividend to be paid in November
Homework Answers
Add Answer to:
accounting journal entries for each transactions
no journal entry may be recorded
company had following happen...
Blaine Air Transport Service, Inc., providing air delivery service for businesses, has been in operation for...
Blaine Air Transport Service, Inc., providing air delivery service for businesses, has been in operation for three years. The following transactions occurred in February: February 1 Paid $295 for rent of hangar space in February. February 2 Purchased fuel costing $420 on account for the next flight to Dallas. February 4 Received customer payment of $760 to ship several items to Philadelphia next month. February 7 Flew cargo from Denver to Dallas; the customer paid $890 for the air transport....
Blaine Air Transport Service, Inc., providing air delivery service for businesses, has been in operation for...
Blaine Air Transport Service, Inc., providing air delivery service for businesses, has been in operation for three years. The following transactions occurred in February: February 1 Paid $315 for rent of hangar space in February February 2 Purchased fuel costing $410 on account for the next flight to Dallas. February 4 Received customer payment of $730 to ship several items to Philadelphia next month. February 7 Flew cargo from Denver to Dallas, the customer paid $940 for the air transport....
6. Journal entries. Record each of the following transactions in general journal format. a. Issued 50,000...
6. Journal entries. Record each of the following transactions in general journal format. a. Issued 50,000 shares of $1 par capital stock for $35 each. b. Billed customers for services provided, $10,000. c. Purchased supplies on account, $3,000. d. Paid monthly utility bill, $1,500 e. Verified 20 percent increase in market price of stock. f. Paid wages for the current month, $6,000. g. Purchased equipment with a list price of $50,000 by making a 20 percent down payment and financing...
Prepare the following journal entries in proper journal entry form. 1. Bought supplies on credit for...
Prepare the following journal entries in proper journal entry form. 1. Bought supplies on credit for $700. 2. Received $3,600 to start a six-month job, beginning next month. 3. Started a company by contributing equipment worth $3,400, land worth $80,000 and cash of $10,000 into a business checking account. 4. Billed a customer for a $2,100 job. 5. Received a gas bill, $150. 6. Paid $300 for van repairs. 7. Purchased supplies for $500 in cash. 8. Withdrew $1,600 and...
Part II. Write Journal Entries in proper form for the following economic transactions: 1. Paid Insurance...
Part II. Write Journal Entries in proper form for the following economic transactions: 1. Paid Insurance Expense of $1,200 for the current month. 2. Accrued Utilities Expense on account, $450. 3. Performed a service job and billed the client $135. 4. Purchased Equipment for $4,500, putting 15% down and financing the remaining amount with a 5% Note Payable due in 2 years. 5. Record the entry to show Equipment is being depreciated $1,000. 6. Accrued $5,600 of Wages expense at...
Part II. Write Journal Entries in proper form for the following economic transactions: 1. Paid Insurance...
Part II. Write Journal Entries in proper form for the following economic transactions: 1. Paid Insurance Expense of $1,200 for the current month. 2. Accrued Utilities Expense on account, $450. 3. Performed a service job and billed the client $135. 4. Purchased Equipment for $4,500, putting 15% down and financing the remaining amount with a 5% Note Payable due in 2 years. 5. Record the entry to show Equipment is being depreciated $1,000. 6. Accrued $5,600 of Wages expense at...
Record adjusting journal entries for each of the following for year ended December 31 Assume no...
Record adjusting journal entries for each of the following for year ended December 31 Assume no other adjusting entries are made during the year. a. Unearned Rent Revenue. The Krug Company collected $7.800 rent in advance on November 1. debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1. b. Unearned Services Revenue. The company charges $90 per insect treatment. A customer paid $360 on October 1 in advance...
create 1 journal entry for each date (12 total entries) More Info Oct 2 Gagne Services...
create 1 journal entry for each date (12 total entries)
More Info Oct 2 Gagne Services received $65,000 cash and issued common stock to the stockholders. 3 Purchased supplies, $600, and equipment, $12,100, on account. 4 Performed services for a customer and received cash, $5,500. 7 Paid cash to acquire land, $37,000. 11 Performed services for a customer and billed the customer, $4,300. Gagne expects to collect within one month. 16 Paid for the equipment purchased October 3 on account....
73 Chapter 3 Problems Problem 3.1 Prepare journal entries for the following independent transactions: a) Issued...
73 Chapter 3 Problems Problem 3.1 Prepare journal entries for the following independent transactions: a) Issued common stock in exchange for $500,000. b) Paid monthly office rent for the past month at the end of the month of $15,000. c) Purchased a building for $2,500,000, paying $1,000,000 cash and signing a note payable for the balance. d) Purchased office supplies for $3,000 on account. e) Used office supplies that had previously cost $2,000. f) Declared a cash dividend of $15,000,...
Chapter 3 Problems Problem 3.1 Prepare journal entries for the following independent transactions: a) Issued common...
Chapter 3 Problems Problem 3.1 Prepare journal entries for the following independent transactions: a) Issued common stock in exchange for $500,000. b) Paid monthly office rent for the past month at the end of the month of $15,000. c) Purchased a building for $2,500,000, paying $1,000,000 cash and signing a note payable for the balance. d) Purchased office supplies for $3,000 on account. e) Used office supplies that had previously cost $2,000. ) Declared a cash dividend of $15,000, payable...
Blaine Air Transport Service, Inc., providing air delivery service for businesses, has been in operation for three years. The following transactions occurred in February: February 1 Paid $295 for rent of hangar space in February. February 2 Purchased fuel costing $420 on account for the next flight to Dallas. February 4 Received customer payment of $760 to ship several items to Philadelphia next month. February 7 Flew cargo from Denver to Dallas; the customer paid $890 for the air transport....
Blaine Air Transport Service, Inc., providing air delivery service for businesses, has been in operation for three years. The following transactions occurred in February: February 1 Paid $315 for rent of hangar space in February February 2 Purchased fuel costing $410 on account for the next flight to Dallas. February 4 Received customer payment of $730 to ship several items to Philadelphia next month. February 7 Flew cargo from Denver to Dallas, the customer paid $940 for the air transport....
6. Journal entries. Record each of the following transactions in general journal format. a. Issued 50,000 shares of $1 par capital stock for $35 each. b. Billed customers for services provided, $10,000. c. Purchased supplies on account, $3,000. d. Paid monthly utility bill, $1,500 e. Verified 20 percent increase in market price of stock. f. Paid wages for the current month, $6,000. g. Purchased equipment with a list price of $50,000 by making a 20 percent down payment and financing...
Part II. Write Journal Entries in proper form for the following economic transactions: 1. Paid Insurance Expense of $1,200 for the current month. 2. Accrued Utilities Expense on account, $450. 3. Performed a service job and billed the client $135. 4. Purchased Equipment for $4,500, putting 15% down and financing the remaining amount with a 5% Note Payable due in 2 years. 5. Record the entry to show Equipment is being depreciated $1,000. 6. Accrued $5,600 of Wages expense at...
Part II. Write Journal Entries in proper form for the following economic transactions: 1. Paid Insurance Expense of $1,200 for the current month. 2. Accrued Utilities Expense on account, $450. 3. Performed a service job and billed the client $135. 4. Purchased Equipment for $4,500, putting 15% down and financing the remaining amount with a 5% Note Payable due in 2 years. 5. Record the entry to show Equipment is being depreciated $1,000. 6. Accrued $5,600 of Wages expense at...
Record adjusting journal entries for each of the following for year ended December 31 Assume no other adjusting entries are made during the year. a. Unearned Rent Revenue. The Krug Company collected $7.800 rent in advance on November 1. debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1. b. Unearned Services Revenue. The company charges $90 per insect treatment. A customer paid $360 on October 1 in advance...
create 1 journal entry for each date (12 total entries)
More Info Oct 2 Gagne Services received $65,000 cash and issued common stock to the stockholders. 3 Purchased supplies, $600, and equipment, $12,100, on account. 4 Performed services for a customer and received cash, $5,500. 7 Paid cash to acquire land, $37,000. 11 Performed services for a customer and billed the customer, $4,300. Gagne expects to collect within one month. 16 Paid for the equipment purchased October 3 on account....
73 Chapter 3 Problems Problem 3.1 Prepare journal entries for the following independent transactions: a) Issued common stock in exchange for $500,000. b) Paid monthly office rent for the past month at the end of the month of $15,000. c) Purchased a building for $2,500,000, paying $1,000,000 cash and signing a note payable for the balance. d) Purchased office supplies for $3,000 on account. e) Used office supplies that had previously cost $2,000. f) Declared a cash dividend of $15,000,...
Chapter 3 Problems Problem 3.1 Prepare journal entries for the following independent transactions: a) Issued common stock in exchange for $500,000. b) Paid monthly office rent for the past month at the end of the month of $15,000. c) Purchased a building for $2,500,000, paying $1,000,000 cash and signing a note payable for the balance. d) Purchased office supplies for $3,000 on account. e) Used office supplies that had previously cost $2,000. ) Declared a cash dividend of $15,000, payable...
Most questions answered within 3 hours.
-
BASED ON THE AIRBNB, ETSY, UBER: GROWING FROM ONE THOUSAND TO
ONE MILLION CUSTOMERS HARVARD CASE:...
asked 6 minutes ago -
Which of these methods cause sterilization?
Autoclaving
Dry heat
Gamma irradiation
Ethylene oxide
A.
Yes
No...
asked 12 minutes ago -
A biologist wishes to estimate the effect of an antibiotic on
the growth of a particular...
asked 20 minutes ago -
O’Deesha Company has the following information available:
Quality engineering of
products
$20,000
Quality training of
employees &n
asked 28 minutes ago -
a) Draw two water molecules.
b) Clearly name and label the type of bond that exists...
asked 1 hour ago -
C - Language
Write a loop that sets each array element to the sum of itself...
asked 2 hours ago -
(63
#14)
which of the following statments best describes how chamging
the concentration of the substances...
asked 6 hours ago -
In the following reaction, which element is undergoing
oxidation: Na2SO3 + N2O --> N2 + Na2SO4...
asked 7 hours ago -
Which of the following pairs of ions have the same electron
configuration?
I: Br− and Se2−...
asked 9 hours ago -
The Foremost Composite Materials Company is planning a two-day
sales conference for October 19-20. The conference...
asked 10 hours ago -
3) Illustrate the observed pattern of relatedness of organisms
versus adaptations to specific conditions. This means...
asked 10 hours ago -
In winter a lake has a 0.35 m thick ice layer over 1.10 m of
water....
asked 11 hours ago