Homework Answers
| Date | Account title | Debit | credit |
| Nov 1 | Accounts receivable | 10000 | |
| consulting service revenue | 10000 | ||
| Nov 2 | Rent expense | 1000 | |
| cash | 1000 | ||
| Nov 9 | Computer equipment | 6000 | |
| Accounts payable | 6000 | ||
| Nov 15 | cash | 4000 | |
| Unearned consulting service revenue | 4000 | ||
| Nov 25 | Accounts payable | 6000 | |
| cash | 6000 | ||
| Dec 1 | cash | 10000 | |
| Accounts receivable | 10000 |
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1. The following is a partial list of business transactions for Ortega Consulting Company. They all...
2. The following is a partial list of business transactions for Ortega Consulting Company. They all...
2. The following is a partial list of business transactions for Ortega Consulting Company. They all took place during the months of November and December 2017. Record each of the transactions in the general journal form on the next page. Use proper journalizing format/procedures. (18 pts) (3 points per transaction entry) Nov. 1 Services in the amount of $8,000 were provided to Jodi Thompson, payment due in 30 days. Date Account Debit Credit Nov Date 9 Purchased equipment for $20,000...
NOVI Agreed to provide consulting services to XYZ Company. XYZ paid $10.000 in advance work will...
NOVI Agreed to provide consulting services to XYZ Company. XYZ paid $10.000 in advance work will be done in December 2017 and January 2018 Account Debit Credit Date ald 10,000 in advance. The Onearned revenue Dec. Date Received $4.000 cash from Jodi Thompson for services rendered on Account Debit Nov Credit 4.000 Dec 31 Completed half of the work paid for by XYZ Company on Nov 15th. Make the necessary adjusting entry to reflect the work completed. Account Debit Credit...
T12-3 (similar to) Question Help 21. EBM Consulting Services had the following transactions for the month...
T12-3 (similar to) Question Help 21. EBM Consulting Services had the following transactions for the month of November. Journalize the transactions and include an explanation with each entry (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Click the icon to view the transactions.) ts ork Test Nov. 1: The business received $11,000 cash and issued common stock. Accounts and Explanation Date Debit Credit Nov. 1 Question Viewer Accounts and Explanation Debit...
T12-3 (similar to) 21. EOM Consulting Services had the following transactions for the month of November....
T12-3 (similar to) 21. EOM Consulting Services had the following transactions for the month of November. Journalize the transactions and include an explanation with each entry (Record de of the journal entry table.) (Click the icon to view the transactions.) Nov. 1: The business received $15,000 cash and gave capital to Ella Milton, the owner. Date Date Accounts and Explanation Debit Credit Nov. 1 15,000 Cash Milton, Capital 15,000 Owner contribution Owner withdrawal Pald advertising expense. Paid cash on account...
Tyrell Co. entered into the following transactions involving short-term liabilities in 2017 and 2018. 2017 Apr....
Tyrell Co. entered into the following transactions involving short-term liabilities in 2017 and 2018. 2017 Apr. 20 Purchased $35,500 of merchandise on credit from Locust, terms n/30. Tyrell uses the perpetual inventory system. May 19 Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing 9% annual interest along with paying $500 in cash. July 8 Borrowed $66,000 cash from NBR Bank by signing a 120-day, 10% interest-bearing note with a face value of $66,000. __?__...
These transactions took place for Blossom Company 2016 May 1 Received a S 4.300, 12-month, 9%...
These transactions took place for Blossom Company 2016 May 1 Received a S 4.300, 12-month, 9% note in exchange for an outstanding account receivable from R. Stoney Dec. 31 Accrued interest revenue on the R. Stoney note 2017 May 1 Received principal plus interest on the R. Stoney note. (No interest has been accrued since December 31,2016) Record the transactions in the general journal. The company does not make entries to accrue interest except at December 31(Credit account titles are...
Prepare journal entries to record the following transactions entered into by the Merando Company: (Credit account...
Prepare journal entries to record the following transactions entered into by the Merando Company: (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 2010 June 1 Nov. 1 Nov. S Nov. 9 Dec. 31 2017 June 1 Received a $10,000, 6%, 1-year note from Dan Gore as full payment on his account. Sold merchandise on account to Barlow, Inc., for $14,000, terms 2/10, 1/30. Barlow, Inc., returned merchandise worth $1,000. Received payment in full...
Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in...
Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March March 1 Brooks invested $150,000 cash along with $22,000 in office equipment in the company in exchange for common stock. 2 The company prepaid $6,000 cash for six months' rent for an office. (Hint: Debit Prepaid Rent for $6,000.) 3 The company made credit purchases of office equipment for $3,000 and office supplies for $1,200. Payment is due within 10 days. 6 The...
After the success of the company’s first two months, Santana Rey continues to operate Business Solutions....
After the success of the company’s first two months, Santana Rey
continues to operate Business Solutions. The November 30, 2017,
unadjusted trial balance of Business Solutions (reflecting its
transactions for October and November of 2017) follows.
No.
Account Title
Debit
Credit
101
Cash
$
38,264
106
Accounts receivable
12,618
126
Computer supplies
2,545
128
Prepaid insurance
2,220
131
Prepaid rent
3,300
163
Office equipment
8,000
164
Accumulated depreciation—Office equipment
$
0
167
Computer equipment
20,000
168
Accumulated depreciation—Computer equipment
0...
Only for Requirement 2B, what am i missing and do wrong? Serial Problem Business Solutions LO...
Only for Requirement 2B, what am i missing and do wrong?
Serial Problem Business Solutions LO P1, P2, P3, P4, P5 After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2017, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2017) follows. Credit Debit $ 38, 264 12,618 2,545 2,220 3,300 8,000 $ 0 20,000 0 No. 101 106 10 126 128 192 131 163...
2. The following is a partial list of business transactions for Ortega Consulting Company. They all took place during the months of November and December 2017. Record each of the transactions in the general journal form on the next page. Use proper journalizing format/procedures. (18 pts) (3 points per transaction entry) Nov. 1 Services in the amount of $8,000 were provided to Jodi Thompson, payment due in 30 days. Date Account Debit Credit Nov Date 9 Purchased equipment for $20,000...
NOVI Agreed to provide consulting services to XYZ Company. XYZ paid $10.000 in advance work will be done in December 2017 and January 2018 Account Debit Credit Date ald 10,000 in advance. The Onearned revenue Dec. Date Received $4.000 cash from Jodi Thompson for services rendered on Account Debit Nov Credit 4.000 Dec 31 Completed half of the work paid for by XYZ Company on Nov 15th. Make the necessary adjusting entry to reflect the work completed. Account Debit Credit...
T12-3 (similar to) Question Help 21. EBM Consulting Services had the following transactions for the month of November. Journalize the transactions and include an explanation with each entry (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Click the icon to view the transactions.) ts ork Test Nov. 1: The business received $11,000 cash and issued common stock. Accounts and Explanation Date Debit Credit Nov. 1 Question Viewer Accounts and Explanation Debit...
T12-3 (similar to) 21. EOM Consulting Services had the following transactions for the month of November. Journalize the transactions and include an explanation with each entry (Record de of the journal entry table.) (Click the icon to view the transactions.) Nov. 1: The business received $15,000 cash and gave capital to Ella Milton, the owner. Date Date Accounts and Explanation Debit Credit Nov. 1 15,000 Cash Milton, Capital 15,000 Owner contribution Owner withdrawal Pald advertising expense. Paid cash on account...
These transactions took place for Blossom Company 2016 May 1 Received a S 4.300, 12-month, 9% note in exchange for an outstanding account receivable from R. Stoney Dec. 31 Accrued interest revenue on the R. Stoney note 2017 May 1 Received principal plus interest on the R. Stoney note. (No interest has been accrued since December 31,2016) Record the transactions in the general journal. The company does not make entries to accrue interest except at December 31(Credit account titles are...
Prepare journal entries to record the following transactions entered into by the Merando Company: (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 2010 June 1 Nov. 1 Nov. S Nov. 9 Dec. 31 2017 June 1 Received a $10,000, 6%, 1-year note from Dan Gore as full payment on his account. Sold merchandise on account to Barlow, Inc., for $14,000, terms 2/10, 1/30. Barlow, Inc., returned merchandise worth $1,000. Received payment in full...
Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March March 1 Brooks invested $150,000 cash along with $22,000 in office equipment in the company in exchange for common stock. 2 The company prepaid $6,000 cash for six months' rent for an office. (Hint: Debit Prepaid Rent for $6,000.) 3 The company made credit purchases of office equipment for $3,000 and office supplies for $1,200. Payment is due within 10 days. 6 The...
After the success of the company’s first two months, Santana Rey
continues to operate Business Solutions. The November 30, 2017,
unadjusted trial balance of Business Solutions (reflecting its
transactions for October and November of 2017) follows.
No.
Account Title
Debit
Credit
101
Cash
$
38,264
106
Accounts receivable
12,618
126
Computer supplies
2,545
128
Prepaid insurance
2,220
131
Prepaid rent
3,300
163
Office equipment
8,000
164
Accumulated depreciation—Office equipment
$
0
167
Computer equipment
20,000
168
Accumulated depreciation—Computer equipment
0...
Only for Requirement 2B, what am i missing and do wrong?
Serial Problem Business Solutions LO P1, P2, P3, P4, P5 After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2017, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2017) follows. Credit Debit $ 38, 264 12,618 2,545 2,220 3,300 8,000 $ 0 20,000 0 No. 101 106 10 126 128 192 131 163...
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