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Please use excel to journalize each of the following transactions and submit your work into the dropbox. All journa...
Please use excel to journalize each of the following transactions and submit your work into the...
Please use excel to journalize each of the following transactions and submit your work into the dropbox. All journal entries are assumed to be on the period system. 1) PLU company purchased $10,000 worth of fruit on credit. PLU is a grocery store. 2) PLU sold $2,500 worth of fruit to its customers on October 3, 20xx. 3) PLU sold $7,000 worth of inventory to its customers on October 7, 20XX. 4) PLU purchases $20,000 worth additional fruit from its...
(21 pts) Journalize the following transactions from ABC's perspective: a. ABC issues $30,000 of common stock....
(21 pts) Journalize the following transactions from ABC's perspective: a. ABC issues $30,000 of common stock. b. ABC performs services valued at $20,000 to a customer. The customer pays $6,000 cash and asks ABC to put the balance on account. C. On July 1, ABC pays $12,000 for six months' insurance. d. ABC purchases $8,000 worth of inventory on account. e. The customer in (b.) sends $10,000 to ABC. f. ABC pays off the supplier in (d.) g. Record the...
2. (21 pts) Journalize the following transactions from ABC's perspective: a. ABC takes out a $30,000...
2. (21 pts) Journalize the following transactions from ABC's perspective: a. ABC takes out a $30,000 loan from a bank. b. ABC performs services valued at $20,000 to a customer. The customer pays $6,000 cash and asks ABC to put the balance on account. C. On July 1, ABC pays $12,000 for half a years' insurance. d. ABC purchases $16,000 worth of inventory on account. e. The customer in (b.) sends $10,000 to ABC. f. ABC pays off the supplier...
bu WUIR Sheet II. (33) Journalize the following transactions according to the descriptions and requirements: 1....
bu WUIR Sheet II. (33) Journalize the following transactions according to the descriptions and requirements: 1. KOOL Co. purchases and installs a machine on Jan. 1, 2013 at a cost of $21,500. Straight-line depreciation is taken each year assuming a five-year life and a salvage cost of $4,000. The machine is disposed on Jun 29, 2017. 1) Journalize the depreciation cost of the Year 2013 and 2017. 2) On Jun 29, 2017 the machine is sold for $5,500 for cash....
Journalize the following transactions for Sleek's Furniture. Explanations are not required. (Click the icon to view...
Journalize the following transactions for Sleek's Furniture. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses, $2,100. b. Incurred manufacturing wages of $14,000, 65% of which was direct labor and 35% of which was indirect labor. c. Purchased raw materials on account, $20,000. d. Used in production: direct materials, $8,000; indirect materials, $2,500. e. Recorded manufacturing overhead: depreciation on plant,...
Can someone please solve S5-4 and S5-6? Store S5-4 Journalizing sales transactions nalize the following sales...
Can someone please solve S5-4 and S5-6?
Store S5-4 Journalizing sales transactions nalize the following sales transactions for Salem Sportswear. Explanations are not our required. The company estimates sales returns at the end of each month . 1 Salem sold $20,000 of men's sportswear for cash. Cost of goods sold is $10,000. Salem sold $62,000 of women's sportswear on account, credit terms are 3/10, n/30. Cost of goods is $31,000 Salem received a $4,500 sales return on damaged goods from...
us.org/d2/Ims/dropbox/user/folder submit files.d212db-60213948grpid-08isprv 08bp 08ou 7653198 Accounting Cycles Helpful references from your text: -1 Accounting cycles...
us.org/d2/Ims/dropbox/user/folder submit files.d212db-60213948grpid-08isprv 08bp 08ou 7653198 Accounting Cycles Helpful references from your text: -1 Accounting cycles through unadjusted trial balance . LO2-2, LO-3 Scenario Halogen Laminated Products Company began business on January 1. 2018. During January, the following transactions occurred (dates shown): . 1 Issued common stock in exchange for $100,000 cash .2 Purchased inventory on account for $35,000 (the perpetual inventory system is used). . 4 Paid an insurance company $2,400 for a one-year insurance policy . 10 sold...
Submit all your answers to D2L in one Excel file with multiple worksheets. 1. Copy and...
Submit all your answers to D2L in one Excel file with multiple worksheets. 1. Copy and paste the above table with the account balances into an Excel spreadsheet. This will be your first worksheet titled "Question 81." 2. On a new worksheet titled "Question #2", prepare journal entries for each event that is an accounting transaction. For example, for the following event, the journal entry will be as follows: 1. Purchased additional buildings for $125,000 by signing a long-term note...
Requirement: Complete the various budget schedules using Excel. Submit one hard copy per group and email me your Excel s...
Requirement: Complete the various budget schedules using Excel. Submit one hard copy per group and email me your Excel spreadsheet. In Excel use formulas wherever possible. Avoid “hard coding” because I will test the flexibility of your spread sheet by changing certain cells such as sales. To be discussed further in class as well. The Distribution Center of 123 Oil and Gas Company wants a master budget for the next three months, beginning January 1st. It desires an ending minimum...
Use excel or word- no written work please 14. Company “Espresso" is an Italian coffee capsules...
Use excel or word- no written work please
14. Company “Espresso" is an Italian coffee capsules importer which was established on Jan 01 2015. During 2015 the company's transactions regarding its inventory are as follows: Date Purchase / Sale Amount of capsules Price per capsule (*) 01/Jan/2015 Purchase 4,000 2.00 01/Apr/2015 Purchase ??? 1.50 01/Jun/2015 Purchase 3,000 2.50 01/Sep/2015 Sale 7,000 (*) In $ - before discounts Additional data: According to the agreement between the supplier and “Espresso” company, if...
Please use excel to journalize each of the following transactions and submit your work into the dropbox. All journal entries are assumed to be on the period system. 1) PLU company purchased $10,000 worth of fruit on credit. PLU is a grocery store. 2) PLU sold $2,500 worth of fruit to its customers on October 3, 20xx. 3) PLU sold $7,000 worth of inventory to its customers on October 7, 20XX. 4) PLU purchases $20,000 worth additional fruit from its...
(21 pts) Journalize the following transactions from ABC's perspective: a. ABC issues $30,000 of common stock. b. ABC performs services valued at $20,000 to a customer. The customer pays $6,000 cash and asks ABC to put the balance on account. C. On July 1, ABC pays $12,000 for six months' insurance. d. ABC purchases $8,000 worth of inventory on account. e. The customer in (b.) sends $10,000 to ABC. f. ABC pays off the supplier in (d.) g. Record the...
2. (21 pts) Journalize the following transactions from ABC's perspective: a. ABC takes out a $30,000 loan from a bank. b. ABC performs services valued at $20,000 to a customer. The customer pays $6,000 cash and asks ABC to put the balance on account. C. On July 1, ABC pays $12,000 for half a years' insurance. d. ABC purchases $16,000 worth of inventory on account. e. The customer in (b.) sends $10,000 to ABC. f. ABC pays off the supplier...
bu WUIR Sheet II. (33) Journalize the following transactions according to the descriptions and requirements: 1. KOOL Co. purchases and installs a machine on Jan. 1, 2013 at a cost of $21,500. Straight-line depreciation is taken each year assuming a five-year life and a salvage cost of $4,000. The machine is disposed on Jun 29, 2017. 1) Journalize the depreciation cost of the Year 2013 and 2017. 2) On Jun 29, 2017 the machine is sold for $5,500 for cash....
Journalize the following transactions for Sleek's Furniture. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses, $2,100. b. Incurred manufacturing wages of $14,000, 65% of which was direct labor and 35% of which was indirect labor. c. Purchased raw materials on account, $20,000. d. Used in production: direct materials, $8,000; indirect materials, $2,500. e. Recorded manufacturing overhead: depreciation on plant,...
Can someone please solve S5-4 and S5-6?
Store S5-4 Journalizing sales transactions nalize the following sales transactions for Salem Sportswear. Explanations are not our required. The company estimates sales returns at the end of each month . 1 Salem sold $20,000 of men's sportswear for cash. Cost of goods sold is $10,000. Salem sold $62,000 of women's sportswear on account, credit terms are 3/10, n/30. Cost of goods is $31,000 Salem received a $4,500 sales return on damaged goods from...
us.org/d2/Ims/dropbox/user/folder submit files.d212db-60213948grpid-08isprv 08bp 08ou 7653198 Accounting Cycles Helpful references from your text: -1 Accounting cycles through unadjusted trial balance . LO2-2, LO-3 Scenario Halogen Laminated Products Company began business on January 1. 2018. During January, the following transactions occurred (dates shown): . 1 Issued common stock in exchange for $100,000 cash .2 Purchased inventory on account for $35,000 (the perpetual inventory system is used). . 4 Paid an insurance company $2,400 for a one-year insurance policy . 10 sold...
Submit all your answers to D2L in one Excel file with multiple worksheets. 1. Copy and paste the above table with the account balances into an Excel spreadsheet. This will be your first worksheet titled "Question 81." 2. On a new worksheet titled "Question #2", prepare journal entries for each event that is an accounting transaction. For example, for the following event, the journal entry will be as follows: 1. Purchased additional buildings for $125,000 by signing a long-term note...
Use excel or word- no written work please
14. Company “Espresso" is an Italian coffee capsules importer which was established on Jan 01 2015. During 2015 the company's transactions regarding its inventory are as follows: Date Purchase / Sale Amount of capsules Price per capsule (*) 01/Jan/2015 Purchase 4,000 2.00 01/Apr/2015 Purchase ??? 1.50 01/Jun/2015 Purchase 3,000 2.50 01/Sep/2015 Sale 7,000 (*) In $ - before discounts Additional data: According to the agreement between the supplier and “Espresso” company, if...
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