Homework Answers
| Date | Account Title | Debit | Credit |
| May 8 | Cash | $6,100 | |
| Accounts Receivables | $6,100 | ||
| Sept. 30 | Account Payable | $3,300 | |
| Cash | $3,300 | ||
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Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and th...
ACCOUNTING CYCLE Journalizing transactions Journalize the following transactions into the general journal in accordance with the...
ACCOUNTING CYCLE Journalizing transactions Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double April 2 Morris Company pays current month's rent, $1,900. October 2 Morris Company pays $2,700 of monthly salaries. Date Account Title Debit Credit X 5 ?
ACCOUNTING CYCLE Journalizing transactions Journalize the following transactions into the general journal in accordance with the...
ACCOUNTING CYCLE Journalizing transactions Journalize the following transactions into the general journal in accordance with the rules of Jour June 23 September 10 Cox Company pays $2,200 of monthly salaries. Owner deposits $44,000 in business bank account as an initial investment. Date Account Title Debit Credit to ?
ns Journalize the following transactions into the general journal in accordance with the rules of lour...
ns Journalize the following transactions into the general journal in accordance with the rules of lour March 25 September 5 Owner deposits $22,000 in business bank account as an initial investment. Thompson Company receives utility bill of $800 and pays it. Date Account Title Debit Credit 5 ?
24 Journalizing purchase and sales transactions Journalize the following transactions for Soul A following transactions for...
24 Journalizing purchase and sales transactions Journalize the following transactions for Soul A following transactions for Soul Art Gift Shop. Explanations are not required. 7 9 10 Purchased $3,300 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping point. Returned $900 of defective merchandise purchased on February 3. Paid freight bill of $400 on February 3 purchase. Sold merchandise inventory on account for $4,700. Payment terms were 2/15, n/30. These goods cost the company $2,350. Paid amount...
Journalizing and Posting Transactions Instructions Chart Of Accounts General Journal T-Accounts Instructions Findlay Testing Inc. provides...
Journalizing and Posting Transactions Instructions Chart Of Accounts General Journal T-Accounts Instructions Findlay Testing Inc. provides water testing and maintenance services for owners of hot tubs and swimming pools. During September the following transactions occurred: September Transactions: Sept. 1 2 5 8 13 18 Issued common stock for $20,000. Purchased chemical supplies for $1,880 cash. Paid office rent for October, November, and December, the rent is $800 per month Purchased $1,290 of advertising for September on account. Billed the city...
Journalizing Adjusting Entries Journalize the following adjusting entries in the general journal below. 1. The supplies...
Journalizing Adjusting Entries
Journalize the following adjusting entries in the general journal
below. 1. The supplies expense for the month is $730. 2. The
insurance expense for the month is $680. 3. The depreciation
expense for delivery equipment is $200. 4. At the end of the month
$100 of wages is payable. If an amount box does not require an
entry, leave it blank.
If an amount box does not require an entry, leave it blank. Page: DATE ACCOUNT TITLE...
Obj. 4 Journalize the following transactions in the accounts of Zippy Interiors Company, a restaurant supply...
Obj. 4 Journalize the following transactions in the accounts of Zippy Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables: May 24. Sold merchandise on account to Old Town Cafe, $24,450. The cost of goods sold was $14,500. Sept. 30. Received $9,000 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible. Dec. 7. Reinstated the account of Old Town Cafe that had been written...
Journalize the following transactions for Perez Company using the gross method of accounting for purchase discounts....
Journalize the following transactions for Perez Company using the gross method of accounting for purchase discounts. Assume a perpetual inventory system. October 9 Purchased goods from Long Company on account, $6,000, terms 2/10, n/30. October 15 Returned merchandise to Long Company that was previously purchased on account, $600. October 20 Paid the amount due to Long Company. Date Account Title Debit Credit ✓ (Choose one) Accounts Payable Accounts Receivable Cash Cost of Goods Sold Purchase Discounts Last Freight Out Merchandise...
Entries for Uncollectible Receivables, using Allowance Method Journalize the following transactions in the accounts of Zippy...
Entries for Uncollectible Receivables, using Allowance Method Journalize the following transactions in the accounts of Zippy Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables: May 24 Sold merchandise on account to Old Town Cafe, $16,300. The cost of goods sold was $11,700, Sept. 30 Received $3,700 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible. Dec. 7 Reinstated the account of Old Town...
entries for uncollectible receivables, using allowance method journalize the following transactions of Zippy Interior Bock Show...
entries for uncollectible receivables, using allowance method
journalize the following transactions of Zippy Interior
Bock Show Me How Calculator Printem Entries for Uncollectible Receivables, using Allowance Method Journalize the following transactions in the accounts of Zippy Interiors Company, a restaurant Supply Company that uses the allowance method of accounting for uncollectible receivables May 24 Sold merchandise on account to Old Town Cafe, $24,450. The cost of goods sold was $14,500. Sept. 30 Received $9,000 from Old Town Cafe and wrote...
ACCOUNTING CYCLE Journalizing transactions Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double April 2 Morris Company pays current month's rent, $1,900. October 2 Morris Company pays $2,700 of monthly salaries. Date Account Title Debit Credit X 5 ?
ACCOUNTING CYCLE Journalizing transactions Journalize the following transactions into the general journal in accordance with the rules of Jour June 23 September 10 Cox Company pays $2,200 of monthly salaries. Owner deposits $44,000 in business bank account as an initial investment. Date Account Title Debit Credit to ?
ns Journalize the following transactions into the general journal in accordance with the rules of lour March 25 September 5 Owner deposits $22,000 in business bank account as an initial investment. Thompson Company receives utility bill of $800 and pays it. Date Account Title Debit Credit 5 ?
24 Journalizing purchase and sales transactions Journalize the following transactions for Soul A following transactions for Soul Art Gift Shop. Explanations are not required. 7 9 10 Purchased $3,300 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping point. Returned $900 of defective merchandise purchased on February 3. Paid freight bill of $400 on February 3 purchase. Sold merchandise inventory on account for $4,700. Payment terms were 2/15, n/30. These goods cost the company $2,350. Paid amount...
Journalizing and Posting Transactions Instructions Chart Of Accounts General Journal T-Accounts Instructions Findlay Testing Inc. provides water testing and maintenance services for owners of hot tubs and swimming pools. During September the following transactions occurred: September Transactions: Sept. 1 2 5 8 13 18 Issued common stock for $20,000. Purchased chemical supplies for $1,880 cash. Paid office rent for October, November, and December, the rent is $800 per month Purchased $1,290 of advertising for September on account. Billed the city...
Journalizing Adjusting Entries
Journalize the following adjusting entries in the general journal
below. 1. The supplies expense for the month is $730. 2. The
insurance expense for the month is $680. 3. The depreciation
expense for delivery equipment is $200. 4. At the end of the month
$100 of wages is payable. If an amount box does not require an
entry, leave it blank.
If an amount box does not require an entry, leave it blank. Page: DATE ACCOUNT TITLE...
Journalize the following transactions for Perez Company using the gross method of accounting for purchase discounts. Assume a perpetual inventory system. October 9 Purchased goods from Long Company on account, $6,000, terms 2/10, n/30. October 15 Returned merchandise to Long Company that was previously purchased on account, $600. October 20 Paid the amount due to Long Company. Date Account Title Debit Credit ✓ (Choose one) Accounts Payable Accounts Receivable Cash Cost of Goods Sold Purchase Discounts Last Freight Out Merchandise...
Entries for Uncollectible Receivables, using Allowance Method Journalize the following transactions in the accounts of Zippy Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables: May 24 Sold merchandise on account to Old Town Cafe, $16,300. The cost of goods sold was $11,700, Sept. 30 Received $3,700 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible. Dec. 7 Reinstated the account of Old Town...
entries for uncollectible receivables, using allowance method
journalize the following transactions of Zippy Interior
Bock Show Me How Calculator Printem Entries for Uncollectible Receivables, using Allowance Method Journalize the following transactions in the accounts of Zippy Interiors Company, a restaurant Supply Company that uses the allowance method of accounting for uncollectible receivables May 24 Sold merchandise on account to Old Town Cafe, $24,450. The cost of goods sold was $14,500. Sept. 30 Received $9,000 from Old Town Cafe and wrote...
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