Homework Answers
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| Statementshowing Computations | ||
| Paticulars | ||
| a) Yes since the services have been rendered in march itself therefore Tigersoft earned revenue of 17,000 as of March 31,2017 as per Accrual basis | ||
| b) ' March 31'2017 | Dr | Cr |
| Accounts receivable Dr | 17,000.00 | |
| To Service revenue | 17,000.00 | |
| c) | ||
| April '16,2017 | ||
| Cash Dr | 12,000.00 | |
| To Accounts receivable | 12,000.00 |
Select the correct Dr. and Cr. to record this year's Federal income taxes..... dr. Choose... cr....
Select the correct Dr. and Cr. to record this year's Federal income taxes..... dr. Choose... cr. Choose... e Choose... dr. Income Tax Expense dr. Income Tax Payable Back on De cr. Income Tax Payable pur company's obligation for Federal in Today is M cr. Income Tax Expense payment to the IRS. Back on December 31st, you recorded your company's obligation for Federal income taxes. Today is March 15 and you need to remit payment to the IRS. Select the correct...
Which of the following is not an adjusting entry? (a) Dr: Depreciation expense and Cr: Accumulated...
Which of the following is not an adjusting entry? (a) Dr: Depreciation expense and Cr: Accumulated depreciation. (b) Dr: Utilities expense and Cr: Utilities payable. (c) Dr: Insurance expense and Cr: Prepaid insurance. (d) Dr: Cash and Cr: Accounts receivable. (e) Dr: Interest receivable and Cr: Interest revenue.
2. ABC purchased $500 of supplies on account. Inc/dec? As/liab/etc?dr/cr? Inc/dec? Ass/liab/etc? dr/cr? Journal Entry: 3....
2. ABC purchased $500 of supplies on account. Inc/dec? As/liab/etc?dr/cr? Inc/dec? Ass/liab/etc? dr/cr? Journal Entry: 3. Performed services for clients, for which $2,500 was collected in cash and the remaining $600 was billed to the clients. Inc/dec? inc/dec? Inc/dec? Ass/liab/etc? dr/cr? Ass/liab/etc? dr/cr? Ass/liabletc? dr/cr? Journal Entry:
Week 4 Assignment Help Save $ 5,488 Dr. 2,300 Dr. 49 Cr. 11,000 Dr. 1,170 Dr....
Week 4 Assignment Help Save $ 5,488 Dr. 2,300 Dr. 49 Cr. 11,000 Dr. 1,170 Dr. 1,080 Dr. 7,920 Dr. Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Advertising Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation-Office Equipment 1,470 Cr. 1,428 Dr. 250 Cr. Accounts Payable Social Security Tax Payable Medicare Tax Payable 2,595 Cr. 400 Cr. 85 Cr. Federal Unemployment Tax Payable State Unemployment Tax Payable Salaries Payable Beth Argo, Capital Beth Argo, Drawing Sales...
19. Peter Velk, owner, contributed $10,000 cash in exchange for capital A. Dr. Cash 10000; Cr....
19. Peter Velk, owner, contributed $10,000 cash in exchange for capital A. Dr. Cash 10000; Cr. Peter Velk, Capital 10000 B. Dr. Peter Velk, Capital 10000 Cr. Cash 10000 C. Dr. Cash 10000; Cr. Peter Velk, Withdrawals 10000 D. Dr. Peter Velk, Capital 10000 Cr. Peter Velk, Withdrawals 10000 E. None of the above 20. Peter Velk, owner withdrew $5,000 cash A. Dr. Cash 5000; Cr. Peter Velk, Capital 5000 B. Dr. Peter Velk, Capital 5000 Cr. Cash 5000 C....
Select the correct Dr. and Cr. to record this event..... Purchased Office Supplies for $200 cash....
Select the correct Dr. and Cr. to record this event..... Purchased Office Supplies for $200 cash. dr. Choose... - cr. Choose... Choose... cr. Office Supplies Inventory ent..... Select the dr. Office Supplies Inventory On Septem fund for yo cr. Cash dr. Cash dr. Select the correct Dr. and Cr. to record this event..... On September 1st, you establish a Petty Cash fund for your company. dr. Choose... cr. Choose... > Choose... cr. Cash record this event..... Select the dr. Petty...
Select the correct Dr. and Cr. to record this event..... It's time to close the company's...
Select the correct Dr. and Cr. to record this event..... It's time to close the company's books for the current month. Select the appropriate Dr. or Cr. to process the REID journal entry when your company has a Net Income to report. Note: Pay close attention to what each row is asking.... and select the right Dr. and Cr. accordingly. Will you dr. or cr..... the Revenue accounts for the "R"? Choose... > Will you dr. or cr..... Income Summary...
Select the correct Dr. and Cr. to record this event..... As you recall, your retail store...
Select the correct Dr. and Cr. to record this event..... As you recall, your retail store is doing extensive radio advertising this holiday season and has already paid for this campaign. During the month of October, 1/3 of the season's planned ad's have aired. Record the October 31st month-end adjusting entry. dr. Choose... . Cr. 0 Choose.. Choose... Select the is event..... dr. Advertising Expense cr. Advertising Expense dr. Prepaid Advertising cr. Prepaid Advertising The current adjusting ages & Salaries...
Select the correct dr & cr to record the following event..... You paid $200 cash to...
Select the correct dr & cr to record the following event..... You paid $200 cash to have your delivery van's oil changed and tires rotated. dr. Choose... cr. Choose... Choose... dr. Maint.& Repairs Expense - Delivery Van Select the dr. Delivery Van (asset account) You spent dr. Cash accommod cr. Maint.& Repairs Expense - Delivery Van ny's tow truck and to up dr. cr. Cash Select the correct dr & cr to record the following event..... You spent $4,000 cash...
20. Peter Velk, owner, withdrew $5,000 cash A. Dr. Cash 5000; Cr. Peter Velk, Capital 5000...
20. Peter Velk, owner, withdrew $5,000 cash A. Dr. Cash 5000; Cr. Peter Velk, Capital 5000 B. Dr. Peter Velk, Capital 5000 Cr. Cash 5000 C. Dr. Cash 5000; Cr. Peter Velk, Withdrawals 5000 D. Dr. Accounts Receivable 5,000; Cr. Peter Velk, Withdrawals 5,000 E. None of the above
Select the correct Dr. and Cr. to record this year's Federal income taxes..... dr. Choose... cr. Choose... e Choose... dr. Income Tax Expense dr. Income Tax Payable Back on De cr. Income Tax Payable pur company's obligation for Federal in Today is M cr. Income Tax Expense payment to the IRS. Back on December 31st, you recorded your company's obligation for Federal income taxes. Today is March 15 and you need to remit payment to the IRS. Select the correct...
2. ABC purchased $500 of supplies on account. Inc/dec? As/liab/etc?dr/cr? Inc/dec? Ass/liab/etc? dr/cr? Journal Entry: 3. Performed services for clients, for which $2,500 was collected in cash and the remaining $600 was billed to the clients. Inc/dec? inc/dec? Inc/dec? Ass/liab/etc? dr/cr? Ass/liab/etc? dr/cr? Ass/liabletc? dr/cr? Journal Entry:
Week 4 Assignment Help Save $ 5,488 Dr. 2,300 Dr. 49 Cr. 11,000 Dr. 1,170 Dr. 1,080 Dr. 7,920 Dr. Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Advertising Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation-Office Equipment 1,470 Cr. 1,428 Dr. 250 Cr. Accounts Payable Social Security Tax Payable Medicare Tax Payable 2,595 Cr. 400 Cr. 85 Cr. Federal Unemployment Tax Payable State Unemployment Tax Payable Salaries Payable Beth Argo, Capital Beth Argo, Drawing Sales...
19. Peter Velk, owner, contributed $10,000 cash in exchange for capital A. Dr. Cash 10000; Cr. Peter Velk, Capital 10000 B. Dr. Peter Velk, Capital 10000 Cr. Cash 10000 C. Dr. Cash 10000; Cr. Peter Velk, Withdrawals 10000 D. Dr. Peter Velk, Capital 10000 Cr. Peter Velk, Withdrawals 10000 E. None of the above 20. Peter Velk, owner withdrew $5,000 cash A. Dr. Cash 5000; Cr. Peter Velk, Capital 5000 B. Dr. Peter Velk, Capital 5000 Cr. Cash 5000 C....
Select the correct Dr. and Cr. to record this event..... Purchased Office Supplies for $200 cash. dr. Choose... - cr. Choose... Choose... cr. Office Supplies Inventory ent..... Select the dr. Office Supplies Inventory On Septem fund for yo cr. Cash dr. Cash dr. Select the correct Dr. and Cr. to record this event..... On September 1st, you establish a Petty Cash fund for your company. dr. Choose... cr. Choose... > Choose... cr. Cash record this event..... Select the dr. Petty...
Select the correct Dr. and Cr. to record this event..... It's time to close the company's books for the current month. Select the appropriate Dr. or Cr. to process the REID journal entry when your company has a Net Income to report. Note: Pay close attention to what each row is asking.... and select the right Dr. and Cr. accordingly. Will you dr. or cr..... the Revenue accounts for the "R"? Choose... > Will you dr. or cr..... Income Summary...
Select the correct Dr. and Cr. to record this event..... As you recall, your retail store is doing extensive radio advertising this holiday season and has already paid for this campaign. During the month of October, 1/3 of the season's planned ad's have aired. Record the October 31st month-end adjusting entry. dr. Choose... . Cr. 0 Choose.. Choose... Select the is event..... dr. Advertising Expense cr. Advertising Expense dr. Prepaid Advertising cr. Prepaid Advertising The current adjusting ages & Salaries...
Select the correct dr & cr to record the following event..... You paid $200 cash to have your delivery van's oil changed and tires rotated. dr. Choose... cr. Choose... Choose... dr. Maint.& Repairs Expense - Delivery Van Select the dr. Delivery Van (asset account) You spent dr. Cash accommod cr. Maint.& Repairs Expense - Delivery Van ny's tow truck and to up dr. cr. Cash Select the correct dr & cr to record the following event..... You spent $4,000 cash...
20. Peter Velk, owner, withdrew $5,000 cash A. Dr. Cash 5000; Cr. Peter Velk, Capital 5000 B. Dr. Peter Velk, Capital 5000 Cr. Cash 5000 C. Dr. Cash 5000; Cr. Peter Velk, Withdrawals 5000 D. Dr. Accounts Receivable 5,000; Cr. Peter Velk, Withdrawals 5,000 E. None of the above
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