Homework Answers
| Date | Account | Debit | Credit |
| Mar 12 | Accounts Receivable | 11,000 | |
| Service Revenue | 11,000 | ||
| Mar 31 | Cash | 11,000 | |
| Accounts Receivable | 11,000 | ||
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On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms...
On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms...
On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10, n/30. Grace pays for those services on March 20. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms...
On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10, n/30. Grace pays for those services on March 20. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the cash received on account. Note: Enter...
On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms...
On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10, n/30. Grace pays for those services on March 20 Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record the service revenue on account. Note:...
On March 12, Medical Waste Services provides services on account to Grace Hospital for $10,100, terms...
On March 12, Medical Waste Services provides services on account to Grace Hospital for $10,100, terms 2/10, n/30. Grace pays fo those services on March 20. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record the cash received on account. Note:...
1/ Account with a normal credit balance includ: (select all that apply) a- accont receivable b-...
1/
Account with a normal credit balance includ: (select all that
apply)
a- accont receivable
b- allowance for uncollectible accounts
c-bad dept expense
d-cash
e- sale revenue
2/
On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10,n/30. Grace pays for those services on March 20. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (If no entry is required for...
On May 7, a company provides services on account to an individual for $2,400. The individual...
On May 7, a company provides services on account to an individual for $2,400. The individual pays for those services on May 13. Required: For the company, record the service on account on May 7 and the collection of cash on May 13. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Record the service revenue on account. Record the cash received on account.
On March 1, Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent...
On March 1, Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints. Legal services total $11,000. In payment for the services, Whole Grain Bakery signs a 9% note requiring the payment of the face amount and interest to Terrell & Associates on September 1. Required: For Terrell & Associates, record the acceptance of the note receivable on March 1 and the cash collection on September 1. (If no entry is required for a...
17 On August 12, a company provides services on account to a customer for $3.400. However,...
17 On August 12, a company provides services on account to a customer for $3.400. However, on August 16, the customer is not completely satisfied with the service and the company grants an allowance on the amount owed of $420. On August 20, the customer makes full payment of the balance owed, excluding the allowance Record the services provided on August 12, the sales allowance on August 16, and the cash collection on August 20. Of no entry is required...
On March 1. Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent...
On March 1. Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints. Legal services total $11,000. In payment for the services, Whole Grain Bakery signs a 9% note requiring the payment of the face amount and interest to Terrell & Associates on September 1. Required: For Terrell & Associates, record the acceptance of the note receivable on March 1 and the cash collection on September 1. (If no entry is required for a...
On September 8, a company provides services on account to a customer for $1,800, terms 3/10,...
On September 8, a company provides services on account to a customer for $1,800, terms 3/10, n/30. The customer pays for those services on September 15. Record the transactions for the company when the services are provided on September 8 and when the cash is collected on September 15. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the service revenue...
On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10, n/30. Grace pays for those services on March 20. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10, n/30. Grace pays for those services on March 20. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the cash received on account. Note: Enter...
On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10, n/30. Grace pays for those services on March 20 Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record the service revenue on account. Note:...
On March 12, Medical Waste Services provides services on account to Grace Hospital for $10,100, terms 2/10, n/30. Grace pays fo those services on March 20. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record the cash received on account. Note:...
1/
Account with a normal credit balance includ: (select all that
apply)
a- accont receivable
b- allowance for uncollectible accounts
c-bad dept expense
d-cash
e- sale revenue
2/
On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10,n/30. Grace pays for those services on March 20. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (If no entry is required for...
On March 1, Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints. Legal services total $11,000. In payment for the services, Whole Grain Bakery signs a 9% note requiring the payment of the face amount and interest to Terrell & Associates on September 1. Required: For Terrell & Associates, record the acceptance of the note receivable on March 1 and the cash collection on September 1. (If no entry is required for a...
17 On August 12, a company provides services on account to a customer for $3.400. However, on August 16, the customer is not completely satisfied with the service and the company grants an allowance on the amount owed of $420. On August 20, the customer makes full payment of the balance owed, excluding the allowance Record the services provided on August 12, the sales allowance on August 16, and the cash collection on August 20. Of no entry is required...
On March 1. Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints. Legal services total $11,000. In payment for the services, Whole Grain Bakery signs a 9% note requiring the payment of the face amount and interest to Terrell & Associates on September 1. Required: For Terrell & Associates, record the acceptance of the note receivable on March 1 and the cash collection on September 1. (If no entry is required for a...
On September 8, a company provides services on account to a customer for $1,800, terms 3/10, n/30. The customer pays for those services on September 15. Record the transactions for the company when the services are provided on September 8 and when the cash is collected on September 15. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the service revenue...
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