How do i do this.. What Journal? Dec. 20. Received sales return request No. R8034 (Doc....
How do i do this.. What Journal? Dec. 20. Received sales return request No. R8034 (Doc. No. 12) in the mail from Eastern Wisconsin University (EWU). The request was approved and the acknowledgment copy mailed to EWU.
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How do i do this.. What Journal? Dec. 20. Received sales return request No. R8034 (Doc....
I am having trouble with transaction 5 in the 10th edition SUA packet. I included the...
I am having trouble with transaction 5 in the 10th edition SUA
packet. I included the transaction description, flowchart, and the
promissory note.
I confused as to what I'm supposed to do. Do I put this in the
ledger or journal? If so which one; cash reciepts, sales journal
etc. Please help! I'm not an accounting major so things are a bit
confusing for me!
Vendor address: 1285 Colgrove Ave., Pierre, SD 57501 Freight carrier: Interstate Motor Freight Freight charges:...
how do post information for a business in a general journal ? 1-Dec 1-Dec 1-Dec Began...
how do post information for a business in a general journal
?
1-Dec 1-Dec 1-Dec Began business by depositing $10500 in a bank account in the name of the company in exchange for 1050 shares of $10 per share common stock. Paid the rent for the current month, $950. Paid the premium on a one-year insurance policy. $6... 1-Dec Purchased Equipment for $3600 cash. Purchased office supplies from XYZ Company on account 5-Dec $300. 15-Dec Provided services to customers for...
is what i have so far correct? how do i do the last journal entry? Equity...
is what i have so far correct?
how do i do the last journal entry?
Equity investments: Less than 20% ownership On September 12, 3,000 shares of Denver Company's common stock are acquired at a price of $40 per share plus a $300 brokerage commission. On October 15, an $0.80-per-share dividend was received on the Denver Company stock. On November 10, 1,600 shares of the Denver Company stock were sold for $36 per share less a $150 brokerage commission. At...
I dont know how to do the general journal Year 1 Dec. 16 Accepted a $12,000,...
I dont know how to do the general journal
Year 1 Dec. 16 Accepted a $12,000, 60-day, 10% note in granting Jose Garcia a tine extension on his past-due account receivable. 31 Made an adjusting entry to record the accrued interest on the Garcia note. 17 Year 2 Feb. 14 Received Garcia's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a $7.00, lex, 90-day note in granting a time extension on the past-due account...
Assume that credit sales "to be received in 90 days" are received in exactly 90 days and that EFT wage payments are made in exactly 7 days. What would be the income tax? And its journal en...
Assume that credit sales "to be received in 90 days" are received in exactly 90 days and that EFT wage payments are made in exactly 7 days. What would be the income tax? And its journal entries CR and DR 01-January-2016 Open business bank account with transfer of personal funds $210,000 02-January-2016 EFT for rental of office space. Immediate occupancy. 60 months at $3500 per month. $210,000 11-January-2016 Office equipment purchased for cash to get discount from the retail price...
Purchases, sales and general journal. I can do the rest. Probiem: The chart of accounts of...
Purchases, sales and general journal. I can do the
rest.
Probiem: The chart of accounts of Lopez Company includes the following selected accounts. 112 Accounts Receivable 401 Sales 120 Merchandise Inventory 412 Sales Returns and Allowances 126 Supplies 505 Cost of Goods Sold 157 Equipment Accounts Payable 610 Advertising Expense 201 In July the following selected transactions were completed. All purchases and sales were on account. The cost of all merchandise sold was 70% of the sales price. Purchased merchandise...
Do journal entry for February 14, and explain how to do calculations Exam Review (Journal Entries)...
Do
journal entry for February 14, and explain how to do
calculations
Exam Review (Journal Entries) Sept 1 Kim Kardashian opens a merchandising store D-A-S-H by contibuting $100,000 in cash, $50,000 in equipment and a building costing $300,000. Sept 2 Purchase merchandise for $40.000 from Kson on credit with terms of 2/10 Sept 10 Return $5000 of delfective merchandise back to kitson Sept 11Sold $20.000 worth of merchandse for $50.000 on account to Fred Segal Sept 12 Kim pays the...
What are the journal entries for all of dec 31, and show steps on calculations Kim...
What are the journal entries for all of dec 31, and show steps on
calculations
Kim Kardashian opens a merchandising store. $100,000 in cash, $50.000 in equipment D-A-S.-Hi by ing $300.00 Sept 1 and a building costing $300.000. Sept 2 Purchase Sept 10 Return $5000 of defective merchandise back to Kitson Sept 11 Sold $20,000 worth of merchandise for $50.000 on account to Fred merchandise for $40.000 from Kitson on credit with terms of 2/10. net 30 Segal Co under...
What is the unadjusted trial balance as of Dec. 31? I will give a thumbs down...
What is the unadjusted trial
balance as of Dec. 31? I will give a thumbs down if answered
incorrectly.
ou need to complete the accounting cycle for Jordan Company for the month of December 31, 2018. 1. Prepare the general journal entries to record these transactions using the accounts below. Dec. 1 Jordan invests$45,000 cash along with office equipment valued at $9,000 in the company in exchange for common stock. Dec. 2 The company purchased$1600 office supplies on credit. Dec....
I need to know how to do this? where do I draw the info from? Dec....
I need to know how to do this? where do I draw the
info from?
Dec. 1 On December 1, Chas Taylor forms a consulting business, named Fast Forward. FastForward receives $30,000 cash from Chas Taylor in exchange for common stock. Dec. 2 Fast Forward pays $2,500 cash for supplies. The company's policy is to record all prepaid expenses in asset accounts. Dec. 3 Fast Forward pays $26,000 cash for equipment. Dec. 4 FastForward purchases $7,100 of supplies on credit...
I am having trouble with transaction 5 in the 10th edition SUA
packet. I included the transaction description, flowchart, and the
promissory note.
I confused as to what I'm supposed to do. Do I put this in the
ledger or journal? If so which one; cash reciepts, sales journal
etc. Please help! I'm not an accounting major so things are a bit
confusing for me!
Vendor address: 1285 Colgrove Ave., Pierre, SD 57501 Freight carrier: Interstate Motor Freight Freight charges:...
how do post information for a business in a general journal
?
1-Dec 1-Dec 1-Dec Began business by depositing $10500 in a bank account in the name of the company in exchange for 1050 shares of $10 per share common stock. Paid the rent for the current month, $950. Paid the premium on a one-year insurance policy. $6... 1-Dec Purchased Equipment for $3600 cash. Purchased office supplies from XYZ Company on account 5-Dec $300. 15-Dec Provided services to customers for...
is what i have so far correct?
how do i do the last journal entry?
Equity investments: Less than 20% ownership On September 12, 3,000 shares of Denver Company's common stock are acquired at a price of $40 per share plus a $300 brokerage commission. On October 15, an $0.80-per-share dividend was received on the Denver Company stock. On November 10, 1,600 shares of the Denver Company stock were sold for $36 per share less a $150 brokerage commission. At...
I dont know how to do the general journal
Year 1 Dec. 16 Accepted a $12,000, 60-day, 10% note in granting Jose Garcia a tine extension on his past-due account receivable. 31 Made an adjusting entry to record the accrued interest on the Garcia note. 17 Year 2 Feb. 14 Received Garcia's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a $7.00, lex, 90-day note in granting a time extension on the past-due account...
Purchases, sales and general journal. I can do the
rest.
Probiem: The chart of accounts of Lopez Company includes the following selected accounts. 112 Accounts Receivable 401 Sales 120 Merchandise Inventory 412 Sales Returns and Allowances 126 Supplies 505 Cost of Goods Sold 157 Equipment Accounts Payable 610 Advertising Expense 201 In July the following selected transactions were completed. All purchases and sales were on account. The cost of all merchandise sold was 70% of the sales price. Purchased merchandise...
Do
journal entry for February 14, and explain how to do
calculations
Exam Review (Journal Entries) Sept 1 Kim Kardashian opens a merchandising store D-A-S-H by contibuting $100,000 in cash, $50,000 in equipment and a building costing $300,000. Sept 2 Purchase merchandise for $40.000 from Kson on credit with terms of 2/10 Sept 10 Return $5000 of delfective merchandise back to kitson Sept 11Sold $20.000 worth of merchandse for $50.000 on account to Fred Segal Sept 12 Kim pays the...
What are the journal entries for all of dec 31, and show steps on
calculations
Kim Kardashian opens a merchandising store. $100,000 in cash, $50.000 in equipment D-A-S.-Hi by ing $300.00 Sept 1 and a building costing $300.000. Sept 2 Purchase Sept 10 Return $5000 of defective merchandise back to Kitson Sept 11 Sold $20,000 worth of merchandise for $50.000 on account to Fred merchandise for $40.000 from Kitson on credit with terms of 2/10. net 30 Segal Co under...
What is the unadjusted trial
balance as of Dec. 31? I will give a thumbs down if answered
incorrectly.
ou need to complete the accounting cycle for Jordan Company for the month of December 31, 2018. 1. Prepare the general journal entries to record these transactions using the accounts below. Dec. 1 Jordan invests$45,000 cash along with office equipment valued at $9,000 in the company in exchange for common stock. Dec. 2 The company purchased$1600 office supplies on credit. Dec....
I need to know how to do this? where do I draw the
info from?
Dec. 1 On December 1, Chas Taylor forms a consulting business, named Fast Forward. FastForward receives $30,000 cash from Chas Taylor in exchange for common stock. Dec. 2 Fast Forward pays $2,500 cash for supplies. The company's policy is to record all prepaid expenses in asset accounts. Dec. 3 Fast Forward pays $26,000 cash for equipment. Dec. 4 FastForward purchases $7,100 of supplies on credit...
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