Homework Answers
Answer:
Journal Entry
| Date | Accounts | Amount Dr. | Amount Cr. |
| jan 30 | Salary Account Dr. | $1,200 | |
| To Bank/Cash | $1,200 | ||
| (Being Salary Paid to assistant.) | |||
| Jan 31 | Rent Account Dr. | $1,600 | |
| To Bank /cash | $1,600 | ||
| ( Being Rent PAid Monthly $1,600) | |||
| Jan 31 | Drawing Account Dr. | $2,000 | |
| To Cash | $2,000 | ||
| (Being Cash Wdl form Business) |
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Ned the requirements Date Accounts Debit Credit Jan 30 Prepaid Insurance Cash 1080 1 080 TE...
2 of 2 (0 complete) * More Info Jan. 1 Murphy contributed $78,000 cash to the...
2 of 2 (0 complete) * More Info Jan. 1 Murphy contributed $78,000 cash to the business, Terrence Murphy, Attorney. The business issued common stock to Murphy. Purchased office supplies, $600, and furniture, $1,700, on account. Performed legal services for a client and received $1,000 cash. Purchased a building with a market value of $130,000, and land with a market value of $25,000. The business paid $25,000 cash and signed a note payable to the bank for the remaining amount....
. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable; Office...
. Record each transaction in
the journal, using the following account titles: Cash; Accounts
Receivable; Office Supplies; Prepaid Insurance; Land; Building;
Furniture; Accounts Payable; Utilities Payable; Notes Payable;
Common Stock; Dividends; Service Revenue; Salaries Expense; Rent
Expense; and Utilities Expense. Explanations are not required.
(Record debits first, then credits. Exclude explanations from
journal entries. Check your spelling carefully and do not
abbreviate. When applicable, use only the account names provided in
the problem statement.)
Requirement 1. Record each transaction in...
Requirement 1. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable;...
Requirement 1. Record each transaction in the journal, using
the following account titles: Cash; Accounts Receivable; Office
Supplies; Prepaid Insurance; Land; Building; Furniture; Accounts
Payable; Utilities Payable; Notes Payable; Common Stock;
Dividends; Service Revenue; Salaries Expense; Rent Expense; and
Utilities Expense. Explanations are not required. (Record debits
first, then credits. Exclude explanations from journal
entries.)
Requirement 2. The following four-column accounts have been
opened: Cash, 101; Accounts Receivable, 111; Office Supplies,
121; Prepaid Insurance, 131; Land, 141; Building, 151;
Furniture,...
Date Account Debit Credit Jan 1 2013 $ 12,000 Prepaid Rent Cash (To record payment of...
Date Account Debit Credit Jan 1 2013 $ 12,000 Prepaid Rent Cash (To record payment of insurance) $ 12,000 Jan 4 2013 $ 1.900 Cash Service Revenue (To record service revenue) $ 1,900 Jan 9 2013 $ 850 Advertising Expense Cash (To record advertising expense payment) $ 850 Jan 10 2013 $ 75 Office Supplies Expense Cash To record purchase of office supplies) $ 75 $ 2,725 Jan 14 2013 Cash Service Revenue (To record service revenue) $ 2.725 Jan...
1. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable; Office...
1. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Land, Building, Furniture; Accounts Payable; Utilities Payable; Notes Payable; Common Stock; Dividends; Service Revenue: Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required. 2. The following four-column accounts have been opened: Cash, 101Accounts Receivable, 111; Office SI oplies, 121, Prepaid Insurance, 131: Land, 141; Building, 151; Furniture, 161; Accounts Payable, 201: Utilities Payable, 211; Notes Payable, 221; Common Stock,...
ACG 2021 Sec 654- Petty Homework: Homework CH2 Score: 0 of 20 pts P2-31A (similar to)...
ACG 2021 Sec 654- Petty Homework: Homework CH2 Score: 0 of 20 pts P2-31A (similar to) 6 of 8 (4 complete) 2018 During the first month of operations, the business completed the following transaction Trey Madden opened a law office on January 1, Click the icon to view the transactions) Requirement 1. Record each transaction in the journal, using the following account tities Cash Accounts Receivable, Office Supplies, Prepai Jan. 1 Madden contributed $63000 cash to the business, Trey Madden....
A Journal Entries for Month of January 2019 2 Date Accounts Amount De Amount Credit 1-Jan...
A Journal Entries for Month of January 2019 2 Date Accounts Amount De Amount Credit 1-Jan Office Fixtures and Equip 20000 Cash 10000 Note Payable 10000 65000 2-Jan Cash Contributed Capital 65000 5-Jan Cash Accounts Receivable Service Revenue 10000 65000 mmmNm 75000 25000 8-Jan Cash Accounts Receivable 25000 2000 10-Jan Office Supplies Accounts Payable 2000 0 12000 15-Jan Medical Instrument Cash 12000 3 2000 20-Jan Insurance Expense Accounts Payable 2000 6 26-Jan Income Tax Expense Cash 5000 5000 9 7000...
General Ledger (14 Points) Account: Cash 11 Account No: Post Balance Date Debit Credit Ref Credit...
General Ledger (14 Points) Account: Cash 11 Account No: Post Balance Date Debit Credit Ref Credit Debit Jan 1 Jan1 Jan1 Jan 10 Jan 12 Jan 16 Jan 28 Jan 30 15000 00 15000-00 14500,00 12 (00.00 14500.00 12.700.00 1eco.00 109 00 .00 t,00,00 10,900,00 5 00.00 2400.00 24 00.00 1800.c0 1 1000.00 1000 Account: Accounts Receivable 12 Account No: Balance Post Date Debit Credit Ref Debit Credit 15 00 00 2750.00 1750, 00 Jan 3 Jan 25 Jon 28...
Journal Entry Accounts Debit Credit Data Table - X Date (1) Jan 31 i Requirements 12,500...
Journal Entry Accounts Debit Credit Data Table - X Date (1) Jan 31 i Requirements 12,500 17,100 1. All adjustments have been journalized and posted, but the closing entries have not yet been made. Journalize Valley Haven's closing entries at January 31, 2018. 2. A T-account for Retained Earnings has been set up for you. Post to that account. Then calculate Valley Haven's net income for the year ended January 31, 2018. What is the ending balance of Retained Earnings?...
rest Jan. 1: The business received $38,000 cash and issued common stock to Smith. Date Accounts...
rest Jan. 1: The business received $38,000 cash and issued common stock to Smith. Date Accounts and Explanation Jan. 1 Debit Credit eived * More Info Jan. 1 The business received $38,000 cash and issued common stock to Smith. 2 Purchased medical supplies on account, $19,000. 4 Performed services for patients receiving $1,400. 12 Paid monthly office rent of $2,700. 15 Recorded $7,000 revenue for services rendered to patients on account. Print Done
2 of 2 (0 complete) * More Info Jan. 1 Murphy contributed $78,000 cash to the business, Terrence Murphy, Attorney. The business issued common stock to Murphy. Purchased office supplies, $600, and furniture, $1,700, on account. Performed legal services for a client and received $1,000 cash. Purchased a building with a market value of $130,000, and land with a market value of $25,000. The business paid $25,000 cash and signed a note payable to the bank for the remaining amount....
. Record each transaction in
the journal, using the following account titles: Cash; Accounts
Receivable; Office Supplies; Prepaid Insurance; Land; Building;
Furniture; Accounts Payable; Utilities Payable; Notes Payable;
Common Stock; Dividends; Service Revenue; Salaries Expense; Rent
Expense; and Utilities Expense. Explanations are not required.
(Record debits first, then credits. Exclude explanations from
journal entries. Check your spelling carefully and do not
abbreviate. When applicable, use only the account names provided in
the problem statement.)
Requirement 1. Record each transaction in...
Requirement 1. Record each transaction in the journal, using
the following account titles: Cash; Accounts Receivable; Office
Supplies; Prepaid Insurance; Land; Building; Furniture; Accounts
Payable; Utilities Payable; Notes Payable; Common Stock;
Dividends; Service Revenue; Salaries Expense; Rent Expense; and
Utilities Expense. Explanations are not required. (Record debits
first, then credits. Exclude explanations from journal
entries.)
Requirement 2. The following four-column accounts have been
opened: Cash, 101; Accounts Receivable, 111; Office Supplies,
121; Prepaid Insurance, 131; Land, 141; Building, 151;
Furniture,...
Date Account Debit Credit Jan 1 2013 $ 12,000 Prepaid Rent Cash (To record payment of insurance) $ 12,000 Jan 4 2013 $ 1.900 Cash Service Revenue (To record service revenue) $ 1,900 Jan 9 2013 $ 850 Advertising Expense Cash (To record advertising expense payment) $ 850 Jan 10 2013 $ 75 Office Supplies Expense Cash To record purchase of office supplies) $ 75 $ 2,725 Jan 14 2013 Cash Service Revenue (To record service revenue) $ 2.725 Jan...
1. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Land, Building, Furniture; Accounts Payable; Utilities Payable; Notes Payable; Common Stock; Dividends; Service Revenue: Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required. 2. The following four-column accounts have been opened: Cash, 101Accounts Receivable, 111; Office SI oplies, 121, Prepaid Insurance, 131: Land, 141; Building, 151; Furniture, 161; Accounts Payable, 201: Utilities Payable, 211; Notes Payable, 221; Common Stock,...
ACG 2021 Sec 654- Petty Homework: Homework CH2 Score: 0 of 20 pts P2-31A (similar to) 6 of 8 (4 complete) 2018 During the first month of operations, the business completed the following transaction Trey Madden opened a law office on January 1, Click the icon to view the transactions) Requirement 1. Record each transaction in the journal, using the following account tities Cash Accounts Receivable, Office Supplies, Prepai Jan. 1 Madden contributed $63000 cash to the business, Trey Madden....
A Journal Entries for Month of January 2019 2 Date Accounts Amount De Amount Credit 1-Jan Office Fixtures and Equip 20000 Cash 10000 Note Payable 10000 65000 2-Jan Cash Contributed Capital 65000 5-Jan Cash Accounts Receivable Service Revenue 10000 65000 mmmNm 75000 25000 8-Jan Cash Accounts Receivable 25000 2000 10-Jan Office Supplies Accounts Payable 2000 0 12000 15-Jan Medical Instrument Cash 12000 3 2000 20-Jan Insurance Expense Accounts Payable 2000 6 26-Jan Income Tax Expense Cash 5000 5000 9 7000...
General Ledger (14 Points) Account: Cash 11 Account No: Post Balance Date Debit Credit Ref Credit Debit Jan 1 Jan1 Jan1 Jan 10 Jan 12 Jan 16 Jan 28 Jan 30 15000 00 15000-00 14500,00 12 (00.00 14500.00 12.700.00 1eco.00 109 00 .00 t,00,00 10,900,00 5 00.00 2400.00 24 00.00 1800.c0 1 1000.00 1000 Account: Accounts Receivable 12 Account No: Balance Post Date Debit Credit Ref Debit Credit 15 00 00 2750.00 1750, 00 Jan 3 Jan 25 Jon 28...
Journal Entry Accounts Debit Credit Data Table - X Date (1) Jan 31 i Requirements 12,500 17,100 1. All adjustments have been journalized and posted, but the closing entries have not yet been made. Journalize Valley Haven's closing entries at January 31, 2018. 2. A T-account for Retained Earnings has been set up for you. Post to that account. Then calculate Valley Haven's net income for the year ended January 31, 2018. What is the ending balance of Retained Earnings?...
rest Jan. 1: The business received $38,000 cash and issued common stock to Smith. Date Accounts and Explanation Jan. 1 Debit Credit eived * More Info Jan. 1 The business received $38,000 cash and issued common stock to Smith. 2 Purchased medical supplies on account, $19,000. 4 Performed services for patients receiving $1,400. 12 Paid monthly office rent of $2,700. 15 Recorded $7,000 revenue for services rendered to patients on account. Print Done
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