Homework Answers
| Jan 5 | Cash | 20520 | ||
| Sales Revenue | 19000 | |||
| Sales Taxes Payable | 1520 | =20520*8/108 | ||
| Jan 12 | Unearned Service Revenue | 11000 | ||
| Service Revenue | 11000 | |||
| Jan 14 | Sales Taxes Payable | 8200 | ||
| Cash | 8200 | |||
| Jan 20 | Accounts Receivable | 50760 | ||
| Sales Revenue | 47000 | =940*50 | ||
| Sales Taxes Payable | 3760 | =47000*8% | ||
| Jan 21 | Cash | 29250 | ||
| Notes Payable | 29250 | |||
| Jan 25 | Cash | 12420 | ||
| Sales Revenue | 11500 | |||
| Sales Taxes Payable | 920 | =12420*8/108 | ||
| Jan 31 | Interest Expense | 65 | =29250*8%/12*1/3 | |
| Interest Payable | 65 |
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Problem 10-1A On January 1, 2019, the ledger of Skysong, Inc. contains the following liability accounts....
Problem 10-1A On January 1, 2017, the ledger of Accardo Company contains the following liability accounts....
Problem 10-1A On January 1, 2017, the ledger of Accardo Company contains the following liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $56,800 8,000 16,200 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 12 Performed services for customers who had made advance payments of $11,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2016 ($8,000). 20 Sold 910 units of...
On January 1, 2020, the ledger of Cheyenne Corp. contains the following liability accounts. Accounts Payable...
On January 1, 2020, the ledger of Cheyenne Corp. contains the following liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $51,600 7.100 16,700 During January, the following selected transactions occurred. Jan 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 12 Performed services for customers who had made advance payments of $10,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2019 ($7.100) 20 Sold 830 units of a new...
On January 1, 2020, the ledger of Coronado Company contains the following liability accounts. Accounts Payable...
On January 1, 2020, the ledger of Coronado Company contains the following liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $51,000 7,700 16,500 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 12 Performed services for customers who had made advance payments of $11,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2019 ($7,700). 20 Sold 900 units of a new...
On January 1,2020, the ledger of Novak Corp.contains the following liability accounts Accounts Payable $53500 Sales...
On January 1,2020, the ledger of Novak Corp.contains the following liability accounts Accounts Payable $53500 Sales Taxes Payable 8,300 Unearned Service Revenue 15800 During January,the following selected transactions occurred Jan. Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 12 Performed services for customers who had made advance payments of $11,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2019($8,300 20 Sold 960 units of a new product on credit at $50...
On January 1, 2015, the ledger of Accardo Company contains the following liability accounts. Accounts Payable...
On January 1, 2015, the ledger of Accardo Company contains the following liability accounts. Accounts Payable $55,480 Sales Taxes Payable 8,180 Unearned Service Revenue 15,920 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $19,548, which includes 8% sales taxes. 12 Performed services for customers who had made advance payments of $10,270. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2014 ($8,180). 20 Sold 900 units of a new...
On January 1, 2017, the ledger of Accardo Company contains the following liability accounts. Accounts Payable...
On January 1, 2017, the ledger of Accardo Company contains the
following liability accounts.
Accounts Payable
$56,500
Sales Taxes Payable
8,600
Unearned Service Revenue
16,000
During January, the following selected transactions
occurred.
Jan. 5
Sold merchandise for cash totaling
$21,600, which includes 8% sales taxes.
12
Performed services for customers
who had made advance payments of $11,500. (Credit Service
Revenue.)
14
Paid state revenue department for
sales taxes collected in December 2016 ($8,600).
20
Sold 900 units of a new...
Problem 11-01A a-c (Video) On January 1, 2020, the ledger of Sunland Company contains the following...
Problem 11-01A a-c (Video)
On January 1, 2020, the ledger of Sunland Company contains the
following liability accounts.
Accounts Payable
$56,500
Sales Taxes Payable
7,900
Unearned Service Revenue
15,500
During January, the following selected transactions occurred.
Jan. 5
Sold merchandise for cash totaling
$20,520, which includes 8% sales taxes.
12
Performed services for customers
who had made advance payments of $11,000. (Credit Service
Revenue.)
14
Paid state revenue department for
sales taxes collected in December 2019 ($7,900).
20
Sold 900...
p11-1a problems a,b,c P11-1A on January 1, 2017, the ledger of Accardo Company contains the following...
p11-1a problems a,b,c
P11-1A on January 1, 2017, the ledger of Accardo Company contains the following liability accounts. Prepare current liability entries, adjusting entries, and current liabilities section (LO 1,2) GLS Accounts Payable $52.000 Sales Taxes Payable 7,700 Unearned Service Revenue 16,000 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 12 Performed services for customers who had made advance payments of $10,000. (Credit Service Revenue.) 14 Paid state...
Problem 10-1A (Part Level Submission) On January 1, 2017, the ledger of Riverbed Ltd. contains the...
Problem 10-1A (Part Level Submission) On January 1, 2017, the ledger of Riverbed Ltd. contains the following liability accounts. Accounts Payable £52,810 Sales Taxes Payable 7,080 Unearned Service Revenue 16,680 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling £14,980, which includes 7% sales taxes. 12 Performed services for customers who had made advance payments of £11,760. (Credit Service Revenue.) 14 Paid revenue department for sales taxes collected in December 2016 (E7,080). 20 Sold 600...
Problem 10-1A (Part Level Submission) On January 1, 2017, the ledger of Riverbed Ltd. contains the...
Problem 10-1A (Part Level Submission) On January 1, 2017, the ledger of Riverbed Ltd. contains the following liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue £52,810 7,080 16,680 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling 614.980, which includes 796 sales taxes. 12 Performed services for customers who had made advance payments of 611,760. (Credit Service Revenue.) 14 Paid revenue department for sales taxes collected in December 2016 (E7,080). 20 Sold 600...
Problem 10-1A On January 1, 2017, the ledger of Accardo Company contains the following liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $56,800 8,000 16,200 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 12 Performed services for customers who had made advance payments of $11,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2016 ($8,000). 20 Sold 910 units of...
On January 1, 2020, the ledger of Cheyenne Corp. contains the following liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $51,600 7.100 16,700 During January, the following selected transactions occurred. Jan 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 12 Performed services for customers who had made advance payments of $10,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2019 ($7.100) 20 Sold 830 units of a new...
On January 1, 2020, the ledger of Coronado Company contains the following liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $51,000 7,700 16,500 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 12 Performed services for customers who had made advance payments of $11,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2019 ($7,700). 20 Sold 900 units of a new...
On January 1,2020, the ledger of Novak Corp.contains the following liability accounts Accounts Payable $53500 Sales Taxes Payable 8,300 Unearned Service Revenue 15800 During January,the following selected transactions occurred Jan. Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 12 Performed services for customers who had made advance payments of $11,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2019($8,300 20 Sold 960 units of a new product on credit at $50...
On January 1, 2017, the ledger of Accardo Company contains the
following liability accounts.
Accounts Payable
$56,500
Sales Taxes Payable
8,600
Unearned Service Revenue
16,000
During January, the following selected transactions
occurred.
Jan. 5
Sold merchandise for cash totaling
$21,600, which includes 8% sales taxes.
12
Performed services for customers
who had made advance payments of $11,500. (Credit Service
Revenue.)
14
Paid state revenue department for
sales taxes collected in December 2016 ($8,600).
20
Sold 900 units of a new...
Problem 11-01A a-c (Video)
On January 1, 2020, the ledger of Sunland Company contains the
following liability accounts.
Accounts Payable
$56,500
Sales Taxes Payable
7,900
Unearned Service Revenue
15,500
During January, the following selected transactions occurred.
Jan. 5
Sold merchandise for cash totaling
$20,520, which includes 8% sales taxes.
12
Performed services for customers
who had made advance payments of $11,000. (Credit Service
Revenue.)
14
Paid state revenue department for
sales taxes collected in December 2019 ($7,900).
20
Sold 900...
p11-1a problems a,b,c
P11-1A on January 1, 2017, the ledger of Accardo Company contains the following liability accounts. Prepare current liability entries, adjusting entries, and current liabilities section (LO 1,2) GLS Accounts Payable $52.000 Sales Taxes Payable 7,700 Unearned Service Revenue 16,000 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 12 Performed services for customers who had made advance payments of $10,000. (Credit Service Revenue.) 14 Paid state...
Problem 10-1A (Part Level Submission) On January 1, 2017, the ledger of Riverbed Ltd. contains the following liability accounts. Accounts Payable £52,810 Sales Taxes Payable 7,080 Unearned Service Revenue 16,680 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling £14,980, which includes 7% sales taxes. 12 Performed services for customers who had made advance payments of £11,760. (Credit Service Revenue.) 14 Paid revenue department for sales taxes collected in December 2016 (E7,080). 20 Sold 600...
Problem 10-1A (Part Level Submission) On January 1, 2017, the ledger of Riverbed Ltd. contains the following liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue £52,810 7,080 16,680 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling 614.980, which includes 796 sales taxes. 12 Performed services for customers who had made advance payments of 611,760. (Credit Service Revenue.) 14 Paid revenue department for sales taxes collected in December 2016 (E7,080). 20 Sold 600...
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