Homework Answers
Journal entry
| Date | Accounts | Debit | Credit |
| May 1 | Purchase | 20000 | |
| Notes payable | 20000 | ||
| Nov 1 | Notes payable | 20000 | |
| Interest expense (20000*6%*6/12) | 600 | ||
| Cash | 20600 | ||
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Harmony Sports Authority purchased w ory coating $20.000 by signing a November 1, 2018 Jumal the...
S8-4 (similar to) On April 1, 2019, Wayne Company purchased inventory costing $95,000 by signing a...
S8-4 (similar to) On April 1, 2019, Wayne Company purchased inventory costing $95,000 by signing a 6% , nine -month, short-term note payable. Wayne will pay the entire note (principal and interest) on the note's maturity date. Journalize the company's (a) purchase of inventory; and (b) accnual of interest on the note payable on October 31, 2019. (Record debits first, then credits. Exclude explanations from any journal entries.) (a) Joumalize the company's purchase of inventory Journal Entry Debit Credit Accounts...
On August 1, 2019, The Cove at Mill Lake, Inc., purchased inventory costing $50,000 by signing...
On August 1, 2019, The Cove at Mill Lake, Inc., purchased inventory costing $50,000 by signing a 6%, six-month, short-term note payable. The company will pay the entire note (principal and interest) on the note's maturity date. Read the requirements. Requirement 1. Journalize the company's purchase of inventory. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Accounts Date Debit Credit 2019 Aug 1 Requirement 2. Make the adjusting entry for accrual of interest on the note...
On January 1, 2019, Krank Company purchased Inventory costing $93.000 by signing a 6%, nine-month, short-term...
On January 1, 2019, Krank Company purchased Inventory costing $93.000 by signing a 6%, nine-month, short-term note payable. Krank will pay the entire note (principal and interest) on the note's maturity date. Journalize the company's (a) purchase of inventory; and (b) accrual of interest on the note payable on July 31, 2019. (Record debits first, then credits. Exclude explanations from any journal entries.) (a) Journalize the company's purchase of inventory. Journal Entry Accounts Debit Credit Date 2019 Jan 1 (b)...
On February 1, 2019, Jurgen Company purchased inventory costing $92,000 by signing a 6 %, nine-month,...
On February 1, 2019, Jurgen Company purchased inventory costing $92,000 by signing a 6 %, nine-month, short-term note payable. Jurgen will pay the entire note (principal and interest) on the note's maturity date. Journalize the company's (a) purchase of inventory; and (b) accrual of interest on the note payable on August 31, 2019. (Record debits first, then credits. Exclude explanations from any journal entries.) (a) Journalize the company's purchase of inventory. Journal Entry Accounts Date Debit Credit 2019 Inventory 92,000...
On August 1, 2019, The Villas at Mill Lake, Inc., purchased inventory costing $56,000 by signing...
On August 1, 2019, The Villas at Mill Lake, Inc., purchased inventory costing $56,000 by signing a 9%, six-month, short-term note payable. The company will pay the entire note (principal and interest) on the note's maturity date. Read the requirements. Requirement 1. Journalize the company's purchase of inventory. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Accounts Date Debit Credit 2019 Aug 1 i Requirements Journalize the company's purchase of inventory. Make the adjusting entry for...
On August 1August 1, 20192019, The ResortThe Resort at Mill Lake, Inc., purchased inventory costing $...
On August 1August 1, 20192019, The ResortThe Resort at Mill Lake, Inc., purchased inventory costing $ 50 comma 000$50,000 by signing aa 66%, six-month, short-term note payable. The company will pay the entire note (principal and interest) on the note's maturity date.Read the requirements LOADING... . Requirement 1. Journalize the company's purchase of inventory. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts Debit Credit 2019 Aug 1 Cash 50000 Note Payable, Short-term Requirement 2....
Jasper Sports Limited purchased inventory costing $10,000 by signing a 10% short-term note payable. The purchase...
Jasper Sports Limited purchased inventory costing $10,000 by signing a 10% short-term note payable. The purchase occurred on March 31, 2017. Jasper pays annual interest each year on March 31. Journalize Jasper's (a) purchase of inventory, (b) accrual of interest expense on December 31, 2017, and (c) payment of the note plus interest on March 31, 2018. Journalize Jasper's purchase of inventory. (Record debits first, then credits. Explanations are not required. Round your answers to the nearest whole number.) Journal...
Score: 0 of 2 pts 18 of 36 (17 complete) HW Score: 42.67%, 32 of 75...
Score: 0 of 2 pts 18 of 36 (17 complete) HW Score: 42.67%, 32 of 75 pts S9-1 (similar to) Question Help Jellison Sports Authority purchased inventory costing $24,000 by signing a 12% short-term note payable. The purchase occurred on May 31, 2014. Jellison pays annual interest each year on May 31. Journalize the company's (a) purchase of inventory; (b) accrual of interest expense on February 28, 2015, which is the year-end; and (c) payment of the note plus interest...
Jungle Publishing completed the following transactions for one subscriber during 2018: (Click the icon to view...
Jungle Publishing completed the following transactions for one subscriber during 2018: (Click the icon to view the transactions.) Requirement 1. Journalize these transactions (explanations not required). Then report any liability on the company's balance sheet at December 31, 2018. (Record debits first, then credits. Exclude explanations from journal entries.) Start by journalizing the October 1st transaction. Recall Jungle Publishing sold a one-year subscription, collecting cash of $2,000, plus sales tax of 12%. Journal Entry Accounts Date Debit Credit Oct Next,...
Score: 0 of 2 pts 3 of 4 (1 complete) P9-38A (similar to) The following transactions...
Score: 0 of 2 pts 3 of 4 (1 complete) P9-38A (similar to) The following transactions of Denver Marine Supply occurred during 2018 and 2019: i (Click the icon to view the transactions.) Requirement 1. Record the transactions in the company's journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries. Round amounts to the nearest whole dollar.) Begin by journalizing the 2018 transactions, starting with the purchase of equipment on February 3, Feb...
S8-4 (similar to) On April 1, 2019, Wayne Company purchased inventory costing $95,000 by signing a 6% , nine -month, short-term note payable. Wayne will pay the entire note (principal and interest) on the note's maturity date. Journalize the company's (a) purchase of inventory; and (b) accnual of interest on the note payable on October 31, 2019. (Record debits first, then credits. Exclude explanations from any journal entries.) (a) Joumalize the company's purchase of inventory Journal Entry Debit Credit Accounts...
On August 1, 2019, The Cove at Mill Lake, Inc., purchased inventory costing $50,000 by signing a 6%, six-month, short-term note payable. The company will pay the entire note (principal and interest) on the note's maturity date. Read the requirements. Requirement 1. Journalize the company's purchase of inventory. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Accounts Date Debit Credit 2019 Aug 1 Requirement 2. Make the adjusting entry for accrual of interest on the note...
On January 1, 2019, Krank Company purchased Inventory costing $93.000 by signing a 6%, nine-month, short-term note payable. Krank will pay the entire note (principal and interest) on the note's maturity date. Journalize the company's (a) purchase of inventory; and (b) accrual of interest on the note payable on July 31, 2019. (Record debits first, then credits. Exclude explanations from any journal entries.) (a) Journalize the company's purchase of inventory. Journal Entry Accounts Debit Credit Date 2019 Jan 1 (b)...
On February 1, 2019, Jurgen Company purchased inventory costing $92,000 by signing a 6 %, nine-month, short-term note payable. Jurgen will pay the entire note (principal and interest) on the note's maturity date. Journalize the company's (a) purchase of inventory; and (b) accrual of interest on the note payable on August 31, 2019. (Record debits first, then credits. Exclude explanations from any journal entries.) (a) Journalize the company's purchase of inventory. Journal Entry Accounts Date Debit Credit 2019 Inventory 92,000...
On August 1, 2019, The Villas at Mill Lake, Inc., purchased inventory costing $56,000 by signing a 9%, six-month, short-term note payable. The company will pay the entire note (principal and interest) on the note's maturity date. Read the requirements. Requirement 1. Journalize the company's purchase of inventory. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Accounts Date Debit Credit 2019 Aug 1 i Requirements Journalize the company's purchase of inventory. Make the adjusting entry for...
Jasper Sports Limited purchased inventory costing $10,000 by signing a 10% short-term note payable. The purchase occurred on March 31, 2017. Jasper pays annual interest each year on March 31. Journalize Jasper's (a) purchase of inventory, (b) accrual of interest expense on December 31, 2017, and (c) payment of the note plus interest on March 31, 2018. Journalize Jasper's purchase of inventory. (Record debits first, then credits. Explanations are not required. Round your answers to the nearest whole number.) Journal...
Score: 0 of 2 pts 18 of 36 (17 complete) HW Score: 42.67%, 32 of 75 pts S9-1 (similar to) Question Help Jellison Sports Authority purchased inventory costing $24,000 by signing a 12% short-term note payable. The purchase occurred on May 31, 2014. Jellison pays annual interest each year on May 31. Journalize the company's (a) purchase of inventory; (b) accrual of interest expense on February 28, 2015, which is the year-end; and (c) payment of the note plus interest...
Jungle Publishing completed the following transactions for one subscriber during 2018: (Click the icon to view the transactions.) Requirement 1. Journalize these transactions (explanations not required). Then report any liability on the company's balance sheet at December 31, 2018. (Record debits first, then credits. Exclude explanations from journal entries.) Start by journalizing the October 1st transaction. Recall Jungle Publishing sold a one-year subscription, collecting cash of $2,000, plus sales tax of 12%. Journal Entry Accounts Date Debit Credit Oct Next,...
Score: 0 of 2 pts 3 of 4 (1 complete) P9-38A (similar to) The following transactions of Denver Marine Supply occurred during 2018 and 2019: i (Click the icon to view the transactions.) Requirement 1. Record the transactions in the company's journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries. Round amounts to the nearest whole dollar.) Begin by journalizing the 2018 transactions, starting with the purchase of equipment on February 3, Feb...
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