Homework Answers
| Journal Entries | ||||
| Sr. No. | Date | Account Title and explanation | Debit | Credit |
| 1 | Nov, 02 | Account Receivable | $40,000 | |
| Sales Revenue | $40,000 | |||
| 2 | Nov, 08 | Cash ($ 24,000 X 98%) | $23,520 | |
| Discount on Sales | $480 | |||
| Account Receivable | $24,000 | |||
| 3 | Nov, 27 | Cash | $16,000 | |
| Account Receivable | $16,000 | |||
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STA 30.12104 17. STORA 19.03 21.064 22.300 15.1A1 22.03770 2922 23.00056 24.40859 24.00862 20.000 21.30541 21.34918...
journalize ONLY 17-30 Wonderama Playgrounds, Inc. manufactures playground equipment for parks and schools. Their business year...
journalize ONLY 17-30
Wonderama Playgrounds, Inc. manufactures playground equipment for parks and schools. Their business year is the calendar year and they use a job-order cost system for inventory and sales. Wonderama Playgrounds, Inc. manufactures all products in a single production department. An individual job-order cost sheet is maintained for each job. The job-order cost sheet contains accumulated costs for each job, including actual direct materials, actual direct labor, and applied factory overhead. Factory overhead is applied to each job...
13 Be Jeweled, Inc. Trial Balance 14 30-Jun-17 15 16 Account Debit Credit 17 Cash $...
13 Be Jeweled, Inc. Trial Balance 14 30-Jun-17 15 16 Account Debit Credit 17 Cash $ 284,610.00 18 Accounts Receivable $ 2,995.00 19 Inventory $ 36,010.00 20 Prepaid Insurance $ 1,225.00 21 Display Equipment $ 2,400.00 22 Accumulated Depreciation - Equipment $ 100.00 23 Building $ 348,000.00 24 Accumulated Depreciation - Building $ 3,625.00 25 Accounts Payable $ 24,350.00 26 Interest Payable $ 7,328.75 27 Salaries and Wages Payable $ 3,535.00 28 Mortgage Payable $226,200.00 29 Bank Loan Payable $260,000.00...
MERCHANDISING ACOUNTING Joe B Joe Blink opened Blink Corporation. It has issued 20.000 shares of $4...
MERCHANDISING ACOUNTING Joe B Joe Blink opened Blink Corporation. It has issued 20.000 shares of $4 par value common stock. Blink anplies the authorized 900,000 share. The corporation is a merchandising business. Blink appies" periodic inventory system. Also Blink provides a 2 vear warranty with one of its produce which was first sold in October. Blink Corporation Trial Balance September 30 Dr. Cash Inventory Land $ 54,000 14,000 45,000 500,000 Plant Building Accumulated Depreciation-plant 200,000 4,000 Equipment 12,000 Accumulated depreciation--equipment...
The log o o muestions cold blow Church Company complete these transactions and events dumg March...
The log o o muestions cold blow Church Company complete these transactions and events dumg March of the current years for all its cre a re 20 SO M Purchased $40,000 of merchandise from Vanities, las 2/5.30 2 Sold merchandise on credo Min Chemice No. 854. for $15.000 .000 3 Purchased $1200 of office s on credit from Gobal Company, Dorm 3 Sold merchand on credit in Linde Wer e No 55. for $8.000 14.000 6 Borrowed $72.000 cash from...
CHAPTER 10 Reporting the Results of Operations: The Activity 10-17. Use Problems 10-15 and 10-16 to...
CHAPTER 10 Reporting the Results of Operations: The Activity 10-17. Use Problems 10-15 and 10-16 to prepare an activity statement (operating statement), a comparative statement of financial position (balance sheet), and a statement of cash flows (using the indirect method). What do you learn from these statements, and what questions do they raise? 10. Puy 10-15. The American Research Council for Humanities (ARCH) had the following financial events during the current year: 1. January 12. Received a $300,000 payment from...
anyone can help ? question 1 6.2 Enter the following transactions of an antiques shop in...
anyone can help ?
question 1
6.2 Enter the following transactions of an antiques shop in the accounts and extract a trial balance as at 31 March 2017 2017 1 Started in business with £8,000 in the bank. March 2 Bought goods on time from: L. Frank f550; G. Byers f540; P. Lee £610. 5 Cash sales (510. 6 Paid wages in cash £110. 7 Sold goods on time to: J. Snow £295; K. Park £360; B. Tyler £640. 9...
5 Sales 6 Direct Material Purchases 7 Direct Labor 8 Manufacturing Overhead 9 Selling and Administrative...
5 Sales 6 Direct Material Purchases 7 Direct Labor 8 Manufacturing Overhead 9 Selling and Administrative Expenses 10 Depreciation 11 Interest Received 12 Sale of Investment Securities 13 Purchase of Land 14 Required Ending Cash Balance November December $ 201,300 $ 292,375 $ $ 101,100 $ 91,776 $ $ 80,000 $ 90,000 $ $ 62,000 $ 65,000 $ $ 83,000 $ 85,000 $ $ 80,000 $ 80,000 $ $ 6,200 $ 6,000 $ $ 5,000 $ 5,200 $ 15 $...
GIVEN INFORMATION: The Byte of Accounting Corporation (Byte) sells turn-key computer systems to midsize businesses on...
GIVEN INFORMATION:
The Byte of Accounting Corporation (Byte) sells turn-key
computer systems to midsize businesses on account. Byte was started
by Lauryn on January 1 of last year when she was issued 2,200
shares of stock.
- Perpetual FIFO will be used for the Super Toners.
- The allowance method is used to account for bad debts.
FOR JOURNAL ENTRIES: #15, #26, and #27
I need an answer with the following (for all listed
journal entries below):
1) Transaction Name...
Problem: Rockford Corporation is a wholesale plumbing supply distributor. The corporation was organized in 1981, under...
Problem: Rockford Corporation is a wholesale plumbing supply distributor. The corporation was organized in 1981, under the laws of the State of Illinois, with an authorized capitalization of 10,000 shares of no-par common stock with a stated value of $30 per share. The common stock is sold over the counter in the local area. You have been hired as of Friday, December 26, 2014, to replace the controller, who has resigned. As controller, you are responsible for the corporation’s accounting...
Assignments Required: Making journal entries for each transaction in chronological order. The 2019 Balance Sheet of...
Assignments Required: Making journal entries for each transaction in chronological order. The 2019 Balance Sheet of the Victoria Co. is as follows: Victoria Co. Balance Sheet As of December 31, 2019 Cash Notes Receivable Accounts Receivable Less: Allowance for Doubtful A/Cs Inventories Office Supplies Prepaid Insurance Prepaid Rent Total Current Assets Long-term Investments Investments in securities Land for future development Property, Plant, and Equipment Land Buildings Less: Accu. Depreciation Intangible Assets Capitalized Development Costs Goodwill Other Intangible Assets Total Non-Current...
journalize ONLY 17-30
Wonderama Playgrounds, Inc. manufactures playground equipment for parks and schools. Their business year is the calendar year and they use a job-order cost system for inventory and sales. Wonderama Playgrounds, Inc. manufactures all products in a single production department. An individual job-order cost sheet is maintained for each job. The job-order cost sheet contains accumulated costs for each job, including actual direct materials, actual direct labor, and applied factory overhead. Factory overhead is applied to each job...
13 Be Jeweled, Inc. Trial Balance 14 30-Jun-17 15 16 Account Debit Credit 17 Cash $ 284,610.00 18 Accounts Receivable $ 2,995.00 19 Inventory $ 36,010.00 20 Prepaid Insurance $ 1,225.00 21 Display Equipment $ 2,400.00 22 Accumulated Depreciation - Equipment $ 100.00 23 Building $ 348,000.00 24 Accumulated Depreciation - Building $ 3,625.00 25 Accounts Payable $ 24,350.00 26 Interest Payable $ 7,328.75 27 Salaries and Wages Payable $ 3,535.00 28 Mortgage Payable $226,200.00 29 Bank Loan Payable $260,000.00...
MERCHANDISING ACOUNTING Joe B Joe Blink opened Blink Corporation. It has issued 20.000 shares of $4 par value common stock. Blink anplies the authorized 900,000 share. The corporation is a merchandising business. Blink appies" periodic inventory system. Also Blink provides a 2 vear warranty with one of its produce which was first sold in October. Blink Corporation Trial Balance September 30 Dr. Cash Inventory Land $ 54,000 14,000 45,000 500,000 Plant Building Accumulated Depreciation-plant 200,000 4,000 Equipment 12,000 Accumulated depreciation--equipment...
The log o o muestions cold blow Church Company complete these transactions and events dumg March of the current years for all its cre a re 20 SO M Purchased $40,000 of merchandise from Vanities, las 2/5.30 2 Sold merchandise on credo Min Chemice No. 854. for $15.000 .000 3 Purchased $1200 of office s on credit from Gobal Company, Dorm 3 Sold merchand on credit in Linde Wer e No 55. for $8.000 14.000 6 Borrowed $72.000 cash from...
CHAPTER 10 Reporting the Results of Operations: The Activity 10-17. Use Problems 10-15 and 10-16 to prepare an activity statement (operating statement), a comparative statement of financial position (balance sheet), and a statement of cash flows (using the indirect method). What do you learn from these statements, and what questions do they raise? 10. Puy 10-15. The American Research Council for Humanities (ARCH) had the following financial events during the current year: 1. January 12. Received a $300,000 payment from...
anyone can help ?
question 1
6.2 Enter the following transactions of an antiques shop in the accounts and extract a trial balance as at 31 March 2017 2017 1 Started in business with £8,000 in the bank. March 2 Bought goods on time from: L. Frank f550; G. Byers f540; P. Lee £610. 5 Cash sales (510. 6 Paid wages in cash £110. 7 Sold goods on time to: J. Snow £295; K. Park £360; B. Tyler £640. 9...
5 Sales 6 Direct Material Purchases 7 Direct Labor 8 Manufacturing Overhead 9 Selling and Administrative Expenses 10 Depreciation 11 Interest Received 12 Sale of Investment Securities 13 Purchase of Land 14 Required Ending Cash Balance November December $ 201,300 $ 292,375 $ $ 101,100 $ 91,776 $ $ 80,000 $ 90,000 $ $ 62,000 $ 65,000 $ $ 83,000 $ 85,000 $ $ 80,000 $ 80,000 $ $ 6,200 $ 6,000 $ $ 5,000 $ 5,200 $ 15 $...
GIVEN INFORMATION:
The Byte of Accounting Corporation (Byte) sells turn-key
computer systems to midsize businesses on account. Byte was started
by Lauryn on January 1 of last year when she was issued 2,200
shares of stock.
- Perpetual FIFO will be used for the Super Toners.
- The allowance method is used to account for bad debts.
FOR JOURNAL ENTRIES: #15, #26, and #27
I need an answer with the following (for all listed
journal entries below):
1) Transaction Name...
Assignments Required: Making journal entries for each transaction in chronological order. The 2019 Balance Sheet of the Victoria Co. is as follows: Victoria Co. Balance Sheet As of December 31, 2019 Cash Notes Receivable Accounts Receivable Less: Allowance for Doubtful A/Cs Inventories Office Supplies Prepaid Insurance Prepaid Rent Total Current Assets Long-term Investments Investments in securities Land for future development Property, Plant, and Equipment Land Buildings Less: Accu. Depreciation Intangible Assets Capitalized Development Costs Goodwill Other Intangible Assets Total Non-Current...
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