Homework Answers
| No. | Account Titles and Explanation | Debit | Credit |
| 1 | Supplies | $520 | |
| Accounts Payable | $520 | ||
| 2 | Accounts Receivable | $1,800 | |
| Service revenue | $1,800 | ||
| 3 | Cash | $670 | |
| Unearned Revenue | $670 | ||
| 4 | Cash | $650 | |
| Accounts Receivable | $650 | ||
| 5 | Accounts Payable | $360 | |
| Cash | $360 |
Add Answer to:
Blossom Company had the following transactions during the first week of May. Record the following transactions...
Oriole Company had the following transactions during the first week of May. Record the following transactions...
Oriole Company had the following transactions during the first week of May. Record the following transactions in general journal form Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) 1 Purchased supplies on account for $480. 2 Performed services and billed the customer $1,850. 3. Received cash of $840 for services to be performed in June 4. Collected $650 on account. 5. Paid...
Question 15 Oriole Company had the following transactions during the first week of May. Record the...
Question 15 Oriole Company had the following transactions during the first week of May. Record the following transactions in general journal form. Identify each transaction by number. You may amit explanations of the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. Purchased supplies on account for $480 2. Performed services and billed the customer $1,850. 3. Received cash of $840 for services to be performed in June. 4. Collected $650 on account....
CES Question 5 Cullumber Company had the following transactions during the first week of May. Record...
CES Question 5 Cullumber Company had the following transactions during the first week of May. Record the following transactions in general Journal form. Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually) 1. Purchased supplies on account for $570. 2. Performed services and billed the customer $1,900. 3. Received cash of $780 for services to be performed in June 4. Collected $750 on...
Exercise 3-7 a-e (Part Level Submission) Selected transactions for the Blossom Corporation during its first month...
Exercise 3-7 a-e (Part Level Submission) Selected transactions for the Blossom Corporation during its first month of operations are presented below: Sept. 1 Issued common shares for $18,500 cash. 2 Performed $8,200 of services on account for a customer. 4 Purchased equipment for $11,200, paying $5,400 in cash and borrowing the balance from the bank. 10 Purchased $460 of supplies on account. 25 Received $4,900 cash in advance for architectural services to be provided next month. 30 Paid $276 on...
Journalize the following transactions for Blossom Company. (If no entry is required, select "No Entry" for...
Journalize the following transactions for Blossom Company. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Sept. 1 5 7 Purchased supplies for $1,000 cash. Paid $390 cash dividend to stockholders. Received $5,300 down payment from customer for services to be provided in the future. Received $750 cash...
Pharoah Repair Shop had the following transactions during the first month of business as a proprietorship....
Pharoah Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. (If no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Aug. 2 7 12. Invested $12,320 cash and $2,710 of equipment in the business. Purchased supplies on account for $480. (Debit asset account.) Performed services for clients, for which $1,193...
Presented below are selected transactions of Blossom Company. Blossom sells in large quantities to other companies...
Presented below are selected transactions of Blossom Company. Blossom sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 Sold merchandise on account to Dodson Company for $3,400, terms 4/10, n/30 Dodson Company returned merchandise worth $1,200 to Blossom 9 Blossom collected the amount due from Dodson Company from the 15 Blossom sold merchandise for $1,000 in its retail outlet. The 31 Blossom added 1.6% monthly interest to the customer's credit...
Blossom Company had the following trial balance at June 30, 2021 (its year end). Credit Cash Accounts Receivable S...
Blossom Company had the following trial balance at June 30, 2021 (its year end). Credit Cash Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Unearned Revenke Blossom, Capital Totals Debit $5,700 700 1,100 8,640 $3,600 1,300 11,240 $16,140 $16,140 During the month of July, the following selected transactions took place: July 2 Pald $600 cash for rent for July August, and September 10 Purchased $100 of supplies for cash. 14 Collected the full balance of accounts receivable. 20 Received $600 cash from...
Journalize the following business transactions in general journal form. Identify each transaction by number. You may...
Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 1. Owner invested $60,000 in exchange for common stock of the corporation. 2. Hired an employee to be paid $400 per week, starting tomorrow. 3. Paid two...
Journalize the following business transactions in general journal form. Identify each transaction by number. You may...
Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Owner invested $62,500 in exchange for common stock of the corporation 2. Hired an employee to be paid $300 per week, starting tomorrow. Paid two years' rent in...
Oriole Company had the following transactions during the first week of May. Record the following transactions in general journal form Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) 1 Purchased supplies on account for $480. 2 Performed services and billed the customer $1,850. 3. Received cash of $840 for services to be performed in June 4. Collected $650 on account. 5. Paid...
Question 15 Oriole Company had the following transactions during the first week of May. Record the following transactions in general journal form. Identify each transaction by number. You may amit explanations of the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. Purchased supplies on account for $480 2. Performed services and billed the customer $1,850. 3. Received cash of $840 for services to be performed in June. 4. Collected $650 on account....
CES Question 5 Cullumber Company had the following transactions during the first week of May. Record the following transactions in general Journal form. Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually) 1. Purchased supplies on account for $570. 2. Performed services and billed the customer $1,900. 3. Received cash of $780 for services to be performed in June 4. Collected $750 on...
Exercise 3-7 a-e (Part Level Submission) Selected transactions for the Blossom Corporation during its first month of operations are presented below: Sept. 1 Issued common shares for $18,500 cash. 2 Performed $8,200 of services on account for a customer. 4 Purchased equipment for $11,200, paying $5,400 in cash and borrowing the balance from the bank. 10 Purchased $460 of supplies on account. 25 Received $4,900 cash in advance for architectural services to be provided next month. 30 Paid $276 on...
Journalize the following transactions for Blossom Company. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Sept. 1 5 7 Purchased supplies for $1,000 cash. Paid $390 cash dividend to stockholders. Received $5,300 down payment from customer for services to be provided in the future. Received $750 cash...
Pharoah Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. (If no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Aug. 2 7 12. Invested $12,320 cash and $2,710 of equipment in the business. Purchased supplies on account for $480. (Debit asset account.) Performed services for clients, for which $1,193...
Presented below are selected transactions of Blossom Company. Blossom sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 Sold merchandise on account to Dodson Company for $3,400, terms 4/10, n/30 Dodson Company returned merchandise worth $1,200 to Blossom 9 Blossom collected the amount due from Dodson Company from the 15 Blossom sold merchandise for $1,000 in its retail outlet. The 31 Blossom added 1.6% monthly interest to the customer's credit...
Blossom Company had the following trial balance at June 30, 2021 (its year end). Credit Cash Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Unearned Revenke Blossom, Capital Totals Debit $5,700 700 1,100 8,640 $3,600 1,300 11,240 $16,140 $16,140 During the month of July, the following selected transactions took place: July 2 Pald $600 cash for rent for July August, and September 10 Purchased $100 of supplies for cash. 14 Collected the full balance of accounts receivable. 20 Received $600 cash from...
Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Owner invested $62,500 in exchange for common stock of the corporation 2. Hired an employee to be paid $300 per week, starting tomorrow. Paid two years' rent in...
Most questions answered within 3 hours.
-
An electric ceiling fan is rotating about a fixed axis with an
initial angular velocity magnitude...
asked 19 minutes ago -
Consider a reversible adiabatic process. Where, p1=10x10^5 PA
and T-289K. It is a closed system in...
asked 44 minutes ago -
which are core assumptions of the simple linear regression model or
arise from core assumptions? a-error(epsilon)...
asked 1 hour ago -
The Holtz Corporation acquired 80 percent of the 100,000
outstanding voting shares of Devine, Inc., for...
asked 1 hour ago -
In class we discussed the valuable role of data in business as
well as the importance...
asked 2 hours ago -
you plan on savings $500 per month for 30 years and invest each
of those payments...
asked 5 hours ago -
1. Kenny Inc. has the following income statement for the most
recent fiscal year:
Sales $558.400...
asked 4 hours ago -
A meter stick is found to balance at the 45.8 cm mark when
placed on a...
asked 4 hours ago -
1. A manufacturer of processing chips knows that 2% of its chips
are defective in some...
asked 7 hours ago -
Discuss what you think the exit polls tell us about voters.
asked 8 hours ago -
The electron in a hydrogen atom can undergo a transition from
n=1 to n=6, absorbing a...
asked 8 hours ago -
Based on what you learned in chapter 11, why would an
individual with a high BMI...
asked 8 hours ago