Question

Journal entry worksheet 4 BSC paid $46,000 for computer equipment with check number 101 and signed a note for $6,000 due in s
46,000 Equipment 3 40,000 Cash 6,000 Notes Payable (short-term)
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer

--Correct journal entry

Transaction Accounts title Debit Credit
3 Equipment ($46000 + 6000) $52,000
   Cash $46,000
   Notes Payable (short term) $6,000
(to record purchase of equipment)
Add a comment
Know the answer?
Add Answer to:
Journal entry worksheet 4 BSC paid $46,000 for computer equipment with check number 101 and signed...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Journal entry worksheet < 1 2 BSC paid $53,000 for computer equipment with check number 101...

    Journal entry worksheet < 1 2 BSC paid $53,000 for computer equipment with check number 101 and signed a note for $8,000 due in six months. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal

  • Required information Business Sim Corp. (BSC) issued 1,000 common shares to Kelly in exchange for $11,000....

    Required information Business Sim Corp. (BSC) issued 1,000 common shares to Kelly in exchange for $11,000. BSC borrowed $32,000 from the bank, promising to repay it in two years. BSC paid $37,000 for computer equipment with check number 101 and signed a note for $4,000 due in six months. BSC received $550 of supplies purchased on account. BSC's loan contains a clause ("covenant") that requires BSC to maintain a ratio of current assets to current liabilities of at least 1.3....

  • Journal entry worksheet 1 2 3 4 BSC borrowed $48,000 from the bank, promising to repay...

    Journal entry worksheet 1 2 3 4 BSC borrowed $48,000 from the bank, promising to repay it in two years. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal

  • not very good at these View transaction list Journal entry worksheet Paid $40,000 cash to replace...

    not very good at these View transaction list Journal entry worksheet Paid $40,000 cash to replace a motor on equipment that extends its useful life by four years. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal 12 Next > arch ome * E View transaction list Journal entry worksheet Paid $40,000 cash to replace a motor on equipment that extends its useful life by four years. Note: Enter debits before credits...

  • Journal entry worksheet < 0 2 3 BSC received $1,350 of supplies purchased on account. Record...

    Journal entry worksheet < 0 2 3 BSC received $1,350 of supplies purchased on account. Record the transaction. Note: Enter debits before credits. Transaction Gonoral Journal Dobit Credit Record entry Clear entry View general journal

  • Journal entry worksheet 2 3 Business Sim Corp. (BSC) issued 2,000 common shares to Kelly in...

    Journal entry worksheet 2 3 Business Sim Corp. (BSC) issued 2,000 common shares to Kelly in exchange for $27,000. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal

  • Journal entry worksheet Record the $2,100 rent paid for 3 months on January 1. Note: Enter...

    Journal entry worksheet Record the $2,100 rent paid for 3 months on January 1. Note: Enter debits before credits. General Journal Debit Credit Date Jan 31 . Record entry Clear entry Journal entry worksheet Record the revenue for 8 voice lessons that the company has provided. The company would receive $600 from customers for 10 voice lessons ($60 per lesson) Note: Enter debits before credits. Date General Journal Debit Credit Jan 31 Record entry Clear entry View general jou Record...

  • Journal entry worksheet 8 9 10 Nozomi invested $48,000 cash and computer equipment worth $30,000 in...

    Journal entry worksheet 8 9 10 Nozomi invested $48,000 cash and computer equipment worth $30,000 in the company in exchange for common stock. Note: Enter debits before credits. General Journal Debit Credit Date April 01 View general journal Record entry Clear entry

  • Journal entry worksheet < 1 2 3 4 5 6 7 Purchased supplies for $350 cash....

    Journal entry worksheet < 1 2 3 4 5 6 7 Purchased supplies for $350 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 Collected $5,600 cash on accounts receivable. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 3 4 5 6 7 Paid $1,450 cash in advance...

  • Journal Entry Worksheet Financial Accounting Problem The following events occurred for Mitka Ltd.: a. Received investment...

    Journal Entry Worksheet Financial Accounting Problem The following events occurred for Mitka Ltd.: a. Received investment of $32,100 cash by organizers. b. Purchased land for $18,200in land; paid $6,100 in cash and signed a mortgage note with a local bank for the balance (due in five years). c. Borrowed cash from a bank and signed a note for $11,100. d. Lent $400 to an employee who signed a note due in three months. e. Paid the bank the amount borrowed...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT