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Pre- 12 On January 1, 2022, the ledger of Oriole Company contained these liability accounts. $43,000...
On January 1, 2022, the ledger of Sandhill Co. contained these
liability accounts.
Accounts Payable
$43,500
Sales Taxes Payable
7,600
Unearned Service Revenue
20,000
During January, the following selected transactions
occurred.
Jan. 1
Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000
note.
5
Sold merchandise for cash totaling $5,300, which includes 6% sales
taxes.
12
Performed services for customers who had made advance payments of
$10,600. (Credit Service Revenue.)
14
Paid state treasurer’s department for sales...
On January 1, 2022, the ledger of Oriole Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $44,100 8,200 20,600 During January, the following selected transactions occurred. Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, 518,000 note. 5 Sold merchandise for cash totaling $5,936, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $11,700. (Credit Service Revenue.) 14 Paid state treasurer's department for sales...
On January 1, 2022, the ledger of Ivanhoe Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $42.900 7.000 19,400 During January, the following selected transactions occurred. Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4- month, 5%. $18.000 note. 5 Sold merchandise for cash totaling $7,420, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $10,200. (Credit Service Revenue.) 14 Paid state treasurer's department for...
On January 1, 2022, the ledger of Cullumber Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $42,800 6,900 19,300 During January, the following selected transactions occurred. Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. 5 Sold merchandise for cash totaling $5,512, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $11,800. (Credit Service Revenue.) 14 Paid state treasurer's department for sales...
Problem 10-01A On January 1, 2022, the ledger of Carla Vista Co. contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $44,500 8,600 21,000 During January, the following selected transactions occurred. Jan. Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. 12 Sold merchandise for cash totaling $6,360, which includes 6% sales taxes. Performed services for customers who had made advance payments of $13,200. (Credit Service Revenue.) Paid state treasurer's department for sales...
On January 1, 2022, the ledger of Crane Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $42,700 6,800 19,200 During January, the following selected transactions occurred. Jan. 1 5 12 14 20 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. Sold merchandise for cash totaling $7,314, which includes 6% sales taxes. Performed services for customers who had made advance payments of $11,100. (Credit Service Revenue.) Paid state treasurer's department for...
On January 1, 2022, the ledger of Carla Vista Co. contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $43,400 7,500 19,900 During January, the following selected transactions occurred. Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. 5 Sold merchandise for cash totaling $6,360, which includes 6% sales taxes. Performed services for customers who had made advance payments of $11,200. (Credit Service Revenue.) 14 Paid state treasurer's department for sales...
On January 1, 2022, the ledger of Cullumber Company contained these liability accounts. Accounts Payable $45,000 Sales Taxes Payable 9,100 Unearned Service Revenue 21,500 During January, the following selected transactions occurred. Borrowed $18,000 in cash from Apex Bank on a 4-month,5%. $18,000 note. Sold merchandise for cash totaling $5,936, which includes 6% sales taxes. Performed services for customers who had made advance payments of $12,500. (Credit Service Revenue.) Paid state treasurer's department for sales taxes collected in December 2021. $9,100....
QUESTION 2 On January 1, 2022, the ledger of Wildhorse Co. contained these liability accounts. Accounts Payable $43,600 Sales Taxes Payable 7,700 Unearned Service Revenue 20,100 During January, the following selected transactions occurred. Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. 5 Sold merchandise for cash totaling $6,890, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $10,800. (Credit Service Revenue.) 14 Paid state treasurer’s department...
On January 1, 2022, the ledger of Ivanhoe Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $44,000 8,100 20,500 During January, the following selected transactions occurred. Jan. 1 5 12 14 20 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. Sold merchandise for cash totaling $6,360, which includes 6% sales taxes. Performed services for customers who had made advance payments of $11,000. (Credit Service Revenue.) Paid state treasurer's department for...