Homework Answers
| Debit | Credit | ||
| 1 | Accounts Payable | 300 | |
| Cash | 300 | ||
| 2 | Accounts Receivable | 150 | |
| Cash | 150 | ||
| 3 | Office expense/Service charge | 30 | |
| Cash | 30 |
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02:29:35 View transaction list еВook Import a new list A Record the electronic funds transfer of $300 made to a Print c...
2. Prepare journal entries to record the events and transactions a through View transaction list Journal...
2. Prepare journal entries to record the events and transactions a through View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 10 Record the entry to apply overhead to Jobs 137 and 140 (Work in Process). Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal பி Prev 2 3 Next> 4 of 4 View transaction list Journal entry worksheet < 4 2 7 6 8 9 10...
You shipped this question le previuu View transaction list Journal entry worksheet 2 3 On November...
You shipped this question le previuu View transaction list Journal entry worksheet 2 3 On November 28, 2021, Shocker receives a $3,450 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited. Record the adjusting entry for deferred revenue at its year-end of December 31. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal 0 You skipped this question View transaction...
View transaction list 1 Record the sale of a copier for $9,000 cash. 2 Record the cost of goods sold of $4,500. 3 Recor...
View transaction list 1 Record the sale of a copier for $9,000 cash. 2 Record the cost of goods sold of $4,500. 3 Record the estimated warranty expense at 4% of the sales. 4 Credit On January 5 of Year 2, the copier requires on-site repairs that are completed the same day. The repairs cost $102 for materials taken from the repair parts inventory. Record the cost of the repair. Note : = journal entry has been entered Record entry...
Required information View transaction list Part 5 of 5 Journal entry worksheet 1.25 points 2 3...
Required information View transaction list Part 5 of 5 Journal entry worksheet 1.25 points 2 3 4 5 6 7 8 eBook Replaced the April 20 account payable to Locust with a 90-day, 7%, $35,000 note payable along with paying $500 in cash. Print References Note: Enter debits before credits. Date General Journal Debit Credit May 19 Record entry Clear entry View general journal < Prev 8 of 8 Next >
Required information Problem 6-4A Preparing a bank reconciliation and recording adju...
Required information Problem 6-4A Preparing a bank reconciliation and recording adjustments LO P3 (The following information applies to the questions displayed below. points The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31. eBook References a. On July 31, the company's Cash account has a $25,638 debit balance, but its July bank statement shows a $27.896 cash balance b. Check No. 3031 for $1.470. Check No. 3065...
Rent (131); Office Equipment (163);: Accounts Payable (201); Common StocR (307):319,3 View transaction list Journal entry...
Rent (131); Office Equipment (163);: Accounts Payable (201); Common StocR (307):319,3 View transaction list Journal entry worksheet 12 1 2 3 4 5 6 7 8 Brooks invested $195,000 cash along with $20,000 in office equipment in the company in exchange for common stock. Note: Enter debits before credits. Date General Journal Debit Credit Mar 01 Cash 195,000 Office equipment Common stock 20,000 215,000 Record entry Clear entry View general journal References eBook& Resources Worksheet Learning Objective: 02-C3 Describe a...
Help Save & Exte Check Tex Hardware sells many of its products overseas. The following are...
Help Save & Exte Check Tex Hardware sells many of its products overseas. The following are some selected transactions. 1. Tex sold electronic subassemblies to a firm in Denmark for 120,000 Danish kroner (Dkr) on June 6, when the exchange rate was Dkr 1 + $0.1715. Collection was made on July 3 when the rate was Dkr 1 - $0.1718 2. On July 22, Tex sold copper fittings to a company in London for £38,000 with payment due on September...
C 2 Part 1 of 8 0.63 points Required information The general ledger of Red Storm...
C 2 Part 1 of 8 0.63 points Required information The general ledger of Red Storm Cleaners at January 1, 2021 Includes the following account balances: Accounts Debits Credits Cash $13,000 Accounts Receivable 6,600 Supplies 2,600 Equipment 17.000 Accumulated Depreciation $ 5,800 Salaries Payable Connon stock 18,000 Retained Earnings Totala 539,200 300 2.100 Print Refrences The following is a summary of the transactions for the year 1. March 12 Provide services to customers, $46,000, of which $19,600 is on account....
The September 30 bank statement for Bennett Company and the September ledger account for cash are...
The September 30 bank statement for Bennett Company and the September ledger account for cash are summarized here: BANK STATEMENT Checks Deposits $ 26,000 $26,550 Balance, September 1 Deposits recorded during September Checks cleared during September NSF checks-Betty Brown Bank service charges Balance, September 30 Balance $ 6,650 32,650 6, 120 5,92€ 5,877 5,877 18e Cash (A) Sept. Checks written 29,400 Sept. 1 Balance Sept. Deposits 6,650 28,800 No outstanding checks and no deposits in transit were carried over from...
5 Mountain High Ice Cream Company reports under IFRS. Mountain High transferred $60,000 of accounts receivable...
5 Mountain High Ice Cream Company reports under IFRS. Mountain High transferred $60,000 of accounts receivable to the Prudential Bank. The transfer was made with recourse. Prudential remits 90% of the factored amount to Mountain High and retains 10% to cover sales returns and allowances. When the bank collects the receivables, it will remit to Mountain High the retained amount (which Mountain estimates has a fair value of $5,000). Mountain High anticipates a $3,000 recourse obligation. The bank charges a...
2. Prepare journal entries to record the events and transactions a through View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 10 Record the entry to apply overhead to Jobs 137 and 140 (Work in Process). Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal பி Prev 2 3 Next> 4 of 4 View transaction list Journal entry worksheet < 4 2 7 6 8 9 10...
You shipped this question le previuu View transaction list Journal entry worksheet 2 3 On November 28, 2021, Shocker receives a $3,450 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited. Record the adjusting entry for deferred revenue at its year-end of December 31. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal 0 You skipped this question View transaction...
View transaction list 1 Record the sale of a copier for $9,000 cash. 2 Record the cost of goods sold of $4,500. 3 Record the estimated warranty expense at 4% of the sales. 4 Credit On January 5 of Year 2, the copier requires on-site repairs that are completed the same day. The repairs cost $102 for materials taken from the repair parts inventory. Record the cost of the repair. Note : = journal entry has been entered Record entry...
Required information View transaction list Part 5 of 5 Journal entry worksheet 1.25 points 2 3 4 5 6 7 8 eBook Replaced the April 20 account payable to Locust with a 90-day, 7%, $35,000 note payable along with paying $500 in cash. Print References Note: Enter debits before credits. Date General Journal Debit Credit May 19 Record entry Clear entry View general journal < Prev 8 of 8 Next >
Required information Problem 6-4A Preparing a bank reconciliation and recording adjustments LO P3 (The following information applies to the questions displayed below. points The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31. eBook References a. On July 31, the company's Cash account has a $25,638 debit balance, but its July bank statement shows a $27.896 cash balance b. Check No. 3031 for $1.470. Check No. 3065...
Rent (131); Office Equipment (163);: Accounts Payable (201); Common StocR (307):319,3 View transaction list Journal entry worksheet 12 1 2 3 4 5 6 7 8 Brooks invested $195,000 cash along with $20,000 in office equipment in the company in exchange for common stock. Note: Enter debits before credits. Date General Journal Debit Credit Mar 01 Cash 195,000 Office equipment Common stock 20,000 215,000 Record entry Clear entry View general journal References eBook& Resources Worksheet Learning Objective: 02-C3 Describe a...
Help Save & Exte Check Tex Hardware sells many of its products overseas. The following are some selected transactions. 1. Tex sold electronic subassemblies to a firm in Denmark for 120,000 Danish kroner (Dkr) on June 6, when the exchange rate was Dkr 1 + $0.1715. Collection was made on July 3 when the rate was Dkr 1 - $0.1718 2. On July 22, Tex sold copper fittings to a company in London for £38,000 with payment due on September...
C 2 Part 1 of 8 0.63 points Required information The general ledger of Red Storm Cleaners at January 1, 2021 Includes the following account balances: Accounts Debits Credits Cash $13,000 Accounts Receivable 6,600 Supplies 2,600 Equipment 17.000 Accumulated Depreciation $ 5,800 Salaries Payable Connon stock 18,000 Retained Earnings Totala 539,200 300 2.100 Print Refrences The following is a summary of the transactions for the year 1. March 12 Provide services to customers, $46,000, of which $19,600 is on account....
The September 30 bank statement for Bennett Company and the September ledger account for cash are summarized here: BANK STATEMENT Checks Deposits $ 26,000 $26,550 Balance, September 1 Deposits recorded during September Checks cleared during September NSF checks-Betty Brown Bank service charges Balance, September 30 Balance $ 6,650 32,650 6, 120 5,92€ 5,877 5,877 18e Cash (A) Sept. Checks written 29,400 Sept. 1 Balance Sept. Deposits 6,650 28,800 No outstanding checks and no deposits in transit were carried over from...
5 Mountain High Ice Cream Company reports under IFRS. Mountain High transferred $60,000 of accounts receivable to the Prudential Bank. The transfer was made with recourse. Prudential remits 90% of the factored amount to Mountain High and retains 10% to cover sales returns and allowances. When the bank collects the receivables, it will remit to Mountain High the retained amount (which Mountain estimates has a fair value of $5,000). Mountain High anticipates a $3,000 recourse obligation. The bank charges a...
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