I am having trouble with a journal entry can you help?
The transaction reads "Receives $5,820 for services performed" would the journal entries be as follows?
Dr. Cash $5,820
Cr. Accounts Receivables $5,820
Dr. Accounts Receivables $5,820
Cr. Revenue $5,820
| Cash | 5,820 | |
| Service Revenue | 5,820 | |
(to record cash received)
Comment if you face any issues
I am having trouble with a journal entry can you help? The transaction reads "Receives $5,820...
I am having trouble with doing the journal entry to record the
amortization of the differential and completing requirement 2
Please help!
On July 1, 2021, Gupta Corporation bought 25% of the outstanding common stock of VB Company for $150 million cash, giving Gupta the ability to exercise significant influence over VB's operations. At the date of acquisition of the stock, VB's net assets had a total fair value of $480 million and a book value of $240 million. Of...
Hello, I am having trouble computing the amounts for the journal
entries that are red. I am using a financial calculator, so I would
prefer step by step instructions on how to get the correct answer
using a calculator. Thank you!
Question 2 0.76/1 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. The Kingbird Company issued $420,000 of 9% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable...
Hello, I am having trouble computing the amounts for the journal
entries that are red. I am using a financial calculator, so I would
prefer step by step instructions on how to get the correct answer
using a calculator. Thank you!
The Novak Company issued $250,000 of 11% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable each July 1 and January 1. The bonds were issued at 96. Prepare the journal entries for...
This is an assignment that I am having a lot of trouble on.
Comprehensive Problem Taylors Delivery Service had the following transactions during December 2019: Dec 1 Taylors Delivery Service began operations by receiving $15,000 cash and with a fair value of $30,000 from the owner, Rue Taylor. The business ga Taylors capital in exchange for this contribution. Dec 1 Paid $2,000 cash for a 6-month insurance policy. The policy will begin on December 1. Dec 7 Paid Office Rent...
Mirna, Inc. receives $45,000 from a customer who was billed in the prior month when the services were performed. Which journal entry should Mirna, Inc. record? Group of answer choices a. DR: Accounts Receivable 45,000; CR: Cash 45,000 b. DR: Cash 45,000; CR: Accounts Receivable 45,000 c. DR: Accounts Receivable 45,000; CR: Revenue 45,000 d. DR: Asset 45,000; CR: Equity 45,000
having trouble completing with journal entry.
Journal entry worksheet 1 2 3 4 Record the rectification entry for purchasing file cabinet and office supplies, check 1918. Note: Enter debits before credits. Date General Journal Debit Credit Apr 30, 20X1 Accounts payable 9.440 GENERAL JOURNAL PAGE 3 Post. Ref. Debit Credit Date Description 20X1 April1 Accounts Payable Fees Income Performed services on credit 12,800 12,800 660 2 Cash Telephone Expense Paid for March telephone service, Check 1917 660 nces 3 Office...
Moses, Inc receives $50,000 in cash in exchange for ownership in their company. Which journal entry should Moses, Inc. record? Group of answer choices a. DR: Revenue 50,000; CR: Stock 50,000 b. DR: Cash 50,000; CR: Stock 50,000 c. DR: Stock 50,000; CR: Cash 50,000 d. DR: Cash 50,000; CR: Revenue 50,000
Hello, I am having trouble computing the amounts for the journal
entries that are red. I am using a financial calculator, so I would
prefer step by step instructions on how to get the correct answer
using a calculator. Thank you!
On January 1, 2020, Sheridan Corporation issued $560,000 of 7% bonds, due in 10 years. The bonds were issued for $601,659, and pay interest each July 1 and January 1. The effective-interest rate is 6%. Prepare the company's journal...
I have already prepared the journal entries, but would like some
help on Part B, organizing the T-accounts and getting them to
balance correctly.
Part A:
Journal Entry Wages Payable Cash Journal Entry Supplies Accounts Payble Cr Cr. 3600 1850 3600 1850 Journal Entry Cash Accounts Receivable Dr Journal Entry No Transactions 5500 5500 Journal Entry Accounts Payable Cash Journal Entry Cash Investments Accrued Interst Receivable Dr 7000 2710 2660 50 Journal Entry Cash Common Stock Journal Entry Equipment Cash...
I did the first october transaction entry other then that I am
lost there are only two accounts to be fulfilled. i just need those
two.
Question 3 of 6 0.26/1 (a) Your answer is partially correct. From an analysis of the T-accounts, reconstruct the October transaction entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter O for the amounts.)...