How to enter this transaction
Jennifer Black purchased 3,000 shares of the company’s $0.20 par
value common stock and paid with check#2 for $1,800. This check was
deposited into national bank.
received a long-term loan from Small business loan association for
$6,000 interest rate 15% per annum, to be repaid in equal monthly
installments over a period of 3 years starting aug1,2019

How to enter this transaction Jennifer Black purchased 3,000 shares of the company’s $0.20 par value...
Jennifer Black purchased 3,000 shares of the company's $0.20 par value common stock and paid with check #53272 for $1,800. This check was immediately deposited into National Bank Checking. Journal entries for quickbooks?
MERCHANDISING ACOUNTING Joe Blink opened Blink Corporation. It has issued 20,000 shares of $4 par value common stoc Bli anplies the authorized 900,000 share. The corporation is a merchandising business. Blink appies" periodic inventory system. Also Blink provides a 2 vear warranty with one of its products which was first sold in October. Blink Corporation Trial Balance September 30 Dr. Cash $ 54,000 Inventory Land 14,000 45,000 500,000 Plant Building Accumulated Depreciation-plant 200,000 1 4,000 Equipment 12,000 Accumulated depreciation--equipment Common...
Part Five Instructions Prepare an Adjusted Trial Balance, then an Income Statement, Statement of Retained Earnings and a Balance Sheet and staple them to the inside front cover of the practice set in the correct order as listed here. These statements should be done in Word or Excel. Transactions Deposit No. / Check No. Date Description 1. April Morales met with her lawyer and CPA for advice on starting the business. They decided that Ms. Morales would organize the business...
Make sure you prepare the journal entries and the adjusting entries, and write them in the practice set. All T-accounts with the proper balances should be prepared. There is a template of how to set up the T- Accounts in Excel at the end of the practice set. Make sure to include all accounts even if they have a zero balance and make sure that the zero is on the normal side of the account. Once all the balances are...
question 1 please
Marion Boats, Inc. ruck salesman for many years, while Bill, his brother, worked a book salesman for a major publishing house. Although they had done fairly well financially. Fred Cunningham was a fire t they wanted to "be their own bosses," so they decided to go into business together They agreed that selling small fishing and recreational boats would be a good line for them to Also, the small town Marion, Mississippi, where they lived, did not...
Marion Boats Fred Cunningham was a fire truck salesman for many years, while Bill, his brother, worked as a book salesman for a major publishing house. Although they had done fairly well financially, they wanted to "be their own bosses," so they decided to go into business together. They agreed that selling small fishing and recreational boats would be a good line for them to go into as both had been interested in fishing and boating for many years. Also,...
Record the Adjusting Entries A-J.
QUESTION: Record the following adjusting entries:
OCTET Chart of Accounts Current Assets 10000 Cash 11000 Accounts Receivable Long-Term Liabilities 12000 Inventory-Cookies 27000 Mortgage Payable Note Payable 27100 12100 Inventory- Baskets 13100 Supplies (Ribbon, Sticks, Cellophane) Shipping Supplies Prepaid Rent Stockholders' Equity 39003 Common Stock 13200 39005 Retained Earnings 14000 Dividends paid 39007 14100 Prepaid Insurance 14200 Prepaid Advertising Revenue 40000 Sales Long-Term Assets 15000 Computer Equipment Accumulated Depreciation 17000 Expenses Computer Equipment Cost of Goods...
Gleim 6 Deductions from AGI [1] Which one of the following expenses does not qualify as a deductible medical expense? A. Cost of long-term care for a developmentally disabled person in a relative’s home. B. Special school for a deaf child to learn lip reading. C. Cost of elevator installed for individual who had heart bypass surgery (in excess of increase in value of individual’s home). D. Cost and care of guide dogs used by a blind person in his...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...
Tucker Boats began business on September 1, 2013, ...Tucker Boats has adopted a September 30 as fiscal year end, just in time to stock new merchandise. On September 1, Joe ...hired a recent graduate, Henry Webster. In the next few days of September, he rented a sales office, boat garage, and lot space. The store is open Monday through Saturday and Joe is there all six days. Henry works 8 hours per day, Monday through Friday. Both Henry and Joe...