Homework Answers
- The journal entries for tha transactions are attached below in the image.
- As the question is asking only journal entries, no adjustment entries are passed as the question is silent regarding the same and also it is not stated that period has ended so tha balances in the accounts are not closed.
- Student may ask for specifically if he wants adjustment entries too.
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Set A 9A-1. Kate Collins has opened Fontina and Stuff, a wholesale grocery and cheese company. The following transa...
sela 9A-1. n) L01,2 Kate Collins has opened Fontina and Stuff, a wholesale grocery and cheese company. The followin...
sela 9A-1. n) L01,2 Kate Collins has opened Fontina and Stuff, a wholesale grocery and cheese company. The following transactions occurred in February accounts receivable $4.490 2017 Feb. 1 Sold grocery merchandise to Fran Co, on account, $850, invoice no. 1. The cost of The cost of the merchandise was $640. 4 Sold cheese merchandise to Groom Co. on account, $1,100, invoice no. 2. The cost of the merchandise was $825. 8 Sold grocery merchandise to Dutch Co. on account,...
Problems Liz Viera has opened Pizza and More, a wholesale grocery and pizza company The following...
Problems Liz Viera has opened Pizza and More, a wholesale grocery and pizza company The following transactions occurred in March: 12A-1 Sold grocery merchandise to Felicity Co. on account, $950, invoice no. 1. Sold pizza merchandise to Vow Co. on account, $500, invoice no. 2. 201X Mar. 1 4 Sold grocery merchandise to Spanish Co.on account, $1,200, invoice no. 3. Issued credit memorandum no. 1 to Felicity Co. for $240 of grocery merchandise returned due to spoilage. 8 10 Sold...
rv and pizza company Problems 12A-1. Liz Viera has opened Pizza and More, a wholesale grocery and pizz The followin...
rv and pizza company Problems 12A-1. Liz Viera has opened Pizza and More, a wholesale grocery and pizz The following transactions occurred in March: 201X Mar. 1. Sold grocery merchandise to Felicity Co. on account, $950, invoice no. 1. 4 Sold pizza merchandise to Vow Co. on account, $500, invoice no. 2. 8 Sold grocery merchandise to Spanish Co. on account, $1,200, invoice no. 3. 10 Issued credit memorandum no. 1 to Felicity Co. for $240 of grocery merchandise retur...
9A-2. 3. Prepare a schedule of accounts receivable for the end ul February The following transactions...
9A-2. 3. Prepare a schedule of accounts receivable for the end ul February The following transactions of Jeff's Auto Supply occurred in February (Balances as of February 1 are given for general ledger and accounts ledger accounts: Dick, $1,100 Dr.; Metcalf, $200 Dr.; Black, $100 Dr. Receivable, $1,400 Dr.; Sales Tax Payable, $1,100 Cr. The balance of M dise Inventory is $8,000. Be sure to enter these balances in your working before beginning.): accounts receivable 5100 Dr.; Accounts nce of...
during August of the cur. P4-1 Purchase-related transactions The following selected transactions were completed by Epic...
during August of the cur. P4-1 Purchase-related transactions The following selected transactions were completed by Epic Co. during Augm unt) for merchandise shipping point, t/com. rent year: handise on account for $33,400, terms FOB destination 9. Issued debit memorandum for $2,500 ($2,450 net of 2% discount) for from the August 3 purchase that was damaged in shipment. 10. Purchased merchandise on account, $25,000, terms FOB shipping ne Paid $600 cash to the freight company for delivery of the merchandise 13....
Allison Cooper opened Allison’s Toy House. As her newly hired accountant, your tasks are to do...
Allison Cooper opened Allison’s Toy House. As her newly hired accountant, your tasks are to do the following: a. Journalize the transactions for the month of October, 201X. b. Record to subsidiary ledgers and post to the general ledger as appropriate. c. Prepare a schedule of accounts receivable and a schedule of accounts payable. The following is the partial chart of accounts for Allison’s Toy House: Allison’s Toy House Chart of Accounts Assets Revenue 110 Cash 410 Toy Sales 112...
1. Journalists the transactions for the month of December. Use the periodic method. 2. Record to...
1.
Journalists the transactions for the month of December. Use the
periodic method.
2. Record to subsidiary ledger and post to the general ledger
as appropriate.
3. Prepare a schedule of accounts receivable and a schedule of
accounts payable.
10A-4. Abby Gray opened Abby's Toy House. As her newly hired accoun tasks are to do the following 1. Journalize the transactions for the month of December. Use th 2. Record to subsidiary ledgers and post to the general ledger as...
The following selected transactions were completed during August between Summit Company and Beartooth Co.: Aug. 1...
The following selected transactions were completed during August between Summit Company and Beartooth Co.: Aug. 1 Summit Company sold merchandise on account to Beartooth Co., $48,000, terms FOB destination, 2/15, n/eom. The cost of the merchandise sold was $28,800. 2 Summit Company paid freight of $1,150 for delivery of merchandise sold to Beartooth Co. on August 1. 5 Summit Company sold merchandise on account to Beartooth Co., $66,000, terms FOB shipping point, n/45. The cost of the merchandise sold was...
The following selected transactions were completed during August between Summit Company and Beartooth Co.: Aug. 1...
The following selected transactions were completed during August between Summit Company and Beartooth Co.: Aug. 1 Summit Company sold merchandise on account to Beartooth Co., $43,500, terms FOB destination, 2/15, n/eom. The cost of the goods sold was $29,330. 2 Summit Company paid freight of $1,110 for delivery of merchandise sold to Beartooth Co. on August 1. 5 Summit Company sold merchandise on account to Beartooth Co., $69,400, terms FOB shipping point, n/eom. The cost of the goods sold was...
The following trial balance pertains to Benji's Grocery as of January 1, 2018: Account Title Cash...
The following trial balance pertains to Benji's Grocery as of January 1, 2018: Account Title Cash Accounts receivable Merchandise inventory Accounts payable Common stock Retained earnings Beginning Balances $23,000 3,400 44,000 3,400 37,000 30,000 The following events occurred in 2018. Assume that Benji's uses the periodic inventory method. 1. Purchased land for $8,400 cash. 2. Purchased merchandise on account for $90,000, terms 2/10, n/45. 3. Paid freight of $700 cash on merchandise purchased FOB shipping point. 4. Returned $3,000 of...
sela 9A-1. n) L01,2 Kate Collins has opened Fontina and Stuff, a wholesale grocery and cheese company. The following transactions occurred in February accounts receivable $4.490 2017 Feb. 1 Sold grocery merchandise to Fran Co, on account, $850, invoice no. 1. The cost of The cost of the merchandise was $640. 4 Sold cheese merchandise to Groom Co. on account, $1,100, invoice no. 2. The cost of the merchandise was $825. 8 Sold grocery merchandise to Dutch Co. on account,...
Problems Liz Viera has opened Pizza and More, a wholesale grocery and pizza company The following transactions occurred in March: 12A-1 Sold grocery merchandise to Felicity Co. on account, $950, invoice no. 1. Sold pizza merchandise to Vow Co. on account, $500, invoice no. 2. 201X Mar. 1 4 Sold grocery merchandise to Spanish Co.on account, $1,200, invoice no. 3. Issued credit memorandum no. 1 to Felicity Co. for $240 of grocery merchandise returned due to spoilage. 8 10 Sold...
rv and pizza company Problems 12A-1. Liz Viera has opened Pizza and More, a wholesale grocery and pizz The following transactions occurred in March: 201X Mar. 1. Sold grocery merchandise to Felicity Co. on account, $950, invoice no. 1. 4 Sold pizza merchandise to Vow Co. on account, $500, invoice no. 2. 8 Sold grocery merchandise to Spanish Co. on account, $1,200, invoice no. 3. 10 Issued credit memorandum no. 1 to Felicity Co. for $240 of grocery merchandise retur...
9A-2. 3. Prepare a schedule of accounts receivable for the end ul February The following transactions of Jeff's Auto Supply occurred in February (Balances as of February 1 are given for general ledger and accounts ledger accounts: Dick, $1,100 Dr.; Metcalf, $200 Dr.; Black, $100 Dr. Receivable, $1,400 Dr.; Sales Tax Payable, $1,100 Cr. The balance of M dise Inventory is $8,000. Be sure to enter these balances in your working before beginning.): accounts receivable 5100 Dr.; Accounts nce of...
during August of the cur. P4-1 Purchase-related transactions The following selected transactions were completed by Epic Co. during Augm unt) for merchandise shipping point, t/com. rent year: handise on account for $33,400, terms FOB destination 9. Issued debit memorandum for $2,500 ($2,450 net of 2% discount) for from the August 3 purchase that was damaged in shipment. 10. Purchased merchandise on account, $25,000, terms FOB shipping ne Paid $600 cash to the freight company for delivery of the merchandise 13....
1.
Journalists the transactions for the month of December. Use the
periodic method.
2. Record to subsidiary ledger and post to the general ledger
as appropriate.
3. Prepare a schedule of accounts receivable and a schedule of
accounts payable.
10A-4. Abby Gray opened Abby's Toy House. As her newly hired accoun tasks are to do the following 1. Journalize the transactions for the month of December. Use th 2. Record to subsidiary ledgers and post to the general ledger as...
The following trial balance pertains to Benji's Grocery as of January 1, 2018: Account Title Cash Accounts receivable Merchandise inventory Accounts payable Common stock Retained earnings Beginning Balances $23,000 3,400 44,000 3,400 37,000 30,000 The following events occurred in 2018. Assume that Benji's uses the periodic inventory method. 1. Purchased land for $8,400 cash. 2. Purchased merchandise on account for $90,000, terms 2/10, n/45. 3. Paid freight of $700 cash on merchandise purchased FOB shipping point. 4. Returned $3,000 of...
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