Record the following transaction in the general journal
customers are charged $75 per each unit
inventory can be purchased for $36 per unit
general journal
Homework Answers
| Date | Accounts | Debit | Credit |
| Dec. 3 | Note Receivable | 15000 | |
| Sales Revenue (200*75) | 15000 | ||
| Dec. 3 | Cost of goods sold | 7200 | |
| Inventory (200*36) | 7200 | ||
Add Answer to:
Record the following transaction in the general
journal
customers are charged $75 per each unit
inventory...
Record the following transactions in the general journal customers are charged $75 per each unit inventory...
Record the following transactions in the general
journal
customers are charged $75 per each unit
inventory can be purchased for $36 per unit
Customers are charged $87 per hour for services rendered
General journal
Dec. 1 Sold $4,350 worth of gift cards in opening celebration for services to be provided in December. The gift cards expire at the end of the month. 10 Dec. 6 Provide 40 hours of services to customers who pay with gift cards (calculate using your...
record the following transactions on a general journal. Given: -customers are charged $87 per hour for...
record the following transactions on a general journal.
Given:
-customers are charged $87 per hour for services
rendered
-customers are charged $75 for each unit
purchased
-inventory can be purchased for $36 per unit
Trans. Description Date Borrow $115,000 from the local bank and signed a six-year installment note with payments of $1,905 at the end of each month. The annual interest rate is 6%. Current portion of Note at year end after December payment = 16,500 Purchased a building...
- record the general journal entrys recorded transaction 10: the hourly servive rate os $87 per...
- record the general journal entrys recorded
transaction 10: the hourly servive rate os $87 per hour
customers are charged $75 for each unit purchased.
inventory can be purchased for $36 per unit
Trans. Date Dec. 1 Dec. 1 Dec. 1 Dec. 1 Dec. 1 Dec. 1 Dec. 1 Description Borrow $115,000 from the local bank and signed a six-year installment note with payments of $1,905 at the end of each month. The annual interest rate is 6%. Current portion...
Someone, please help. Sales Price of Retail Product Customers are charged $75 for each unit purchased...
Someone, please help. Sales Price of Retail Product Customers are charged $75 for each unit purchased Cost of Inventory for Products Purchased Inventory can be purchased for $36 per unit Price for Services Provided Customers are charged $87 per hour for services rendered Record the following transactions in the General Journal. Trans. Date Description 1 Dec. 1 Borrow $115,000 from the local bank and signed a six-year installment note with payments of $1,905 at the end of each month. The...
Part 2 - General Journal (LO3-2) - Record the following transactions in the General Journal. Trans....
Part 2 - General Journal (LO3-2) - Record the following transactions in the General Journal. Trans. Date Dec. 1 Dec. 1 Description Borrow $115,000 from the local bank and signed a six-year installment note with payments of $1,905 at the end of each month. The annual interest rate is 6%. Current portion of Note at year end after December payment = 16,500 Purchased a building for $56,000. Paid $2,000 in attorney fees, $4,000 in remodeling costs to get the building...
Given Information Service Price per hour: $96.00 Sales Price per Hour: $84 Cost per Unit Sold:...
Given Information Service Price per hour: $96.00 Sales Price per Hour: $84 Cost per Unit Sold: 38.75 Part 2 – General Journal (LO3-2) – Post the following journal entries to the general journal. Trans. Date Description 1 Dec. 1 Sell 45,000 shares of no-par value common stock for $130,000 to obtain the funds necessary to start your business. 2 Dec. 1 Borrow $30,000 from the local bank and sign a one-year note. Interest and principal to be paid at maturity. ...
Someone, please help. I do not understand how to do the perpetual method for numbers 8,13 and 15 Sales Price of Reta...
Someone, please help. I do not understand how to do the perpetual method for numbers 8,13 and 15 Sales Price of Retail Product Customers are charged $75 for each unit purchased Cost of Inventory for Products Purchased Inventory can be purchased for $36 per unit Price for Services Provided Customers are charged $87 per hour for services rendered Record the following transactions in the General Journal. ONLY NEED 8,13, AND 15 Trans. Date Description 1 Dec. 1 Borrow $115,000 from...
I need help recording the following adjusting entries in the General Journal. Adjusting journal Entries. Adj-1...
I need help recording the
following adjusting entries in the General Journal.
Adjusting journal Entries.
Adj-1
Dec. 31
The company has $1,800 of supplies left at month end.
Adj-2
Dec. 31
Record the portion of the Prepaid Insurance used in
December.
Adj-3
Dec. 31
Record one month of depreciation for the building purchased on
December 1st.
Adj-4
Dec. 31
Employees earned $1,200 in salaries the last week in December
that will be paid on January 10th of next year.
Adj-5...
NEEDED INFORMATION Service Price per hour provided: $96.00 Sales Price per unit of inventory sold: $84.00...
NEEDED INFORMATION
Service Price per hour provided: $96.00
Sales Price per unit of inventory sold: $84.00
Cost per unit of inventory sold: $38.75
Help needed only with (part 6) General ledger & Multi-step
Income statement
This is the blank format for the general ledger and multi-step
income statement
Part 2 - General Journal (LO3-2) – Post the following journal entries to the general journal. | Trans.Date Description Dec. Sell 45,000 shares of no-par value common stock for $130,000 to obtain...
record only the adjusted entries (the second page) using information from the first page (trans. 1-19)...
record only the adjusted entries (the second page) using
information from the first page (trans. 1-19)
Part 2 - General Journal (LO3-2) - Record the following transactions in the General Journal Trans. Date Dec. 1 2 Dec. 1 Dec. 1 Dec. 1 Description Borrow $115.000 from the local bank and signed a six-year installment note with payments of $1,905 at the end of each month. The annual interest rate is 6%. Current portion of Note at year end after December...
Record the following transactions in the general
journal
customers are charged $75 per each unit
inventory can be purchased for $36 per unit
Customers are charged $87 per hour for services rendered
General journal
Dec. 1 Sold $4,350 worth of gift cards in opening celebration for services to be provided in December. The gift cards expire at the end of the month. 10 Dec. 6 Provide 40 hours of services to customers who pay with gift cards (calculate using your...
record the following transactions on a general journal.
Given:
-customers are charged $87 per hour for services
rendered
-customers are charged $75 for each unit
purchased
-inventory can be purchased for $36 per unit
Trans. Description Date Borrow $115,000 from the local bank and signed a six-year installment note with payments of $1,905 at the end of each month. The annual interest rate is 6%. Current portion of Note at year end after December payment = 16,500 Purchased a building...
- record the general journal entrys recorded
transaction 10: the hourly servive rate os $87 per hour
customers are charged $75 for each unit purchased.
inventory can be purchased for $36 per unit
Trans. Date Dec. 1 Dec. 1 Dec. 1 Dec. 1 Dec. 1 Dec. 1 Dec. 1 Description Borrow $115,000 from the local bank and signed a six-year installment note with payments of $1,905 at the end of each month. The annual interest rate is 6%. Current portion...
Part 2 - General Journal (LO3-2) - Record the following transactions in the General Journal. Trans. Date Dec. 1 Dec. 1 Description Borrow $115,000 from the local bank and signed a six-year installment note with payments of $1,905 at the end of each month. The annual interest rate is 6%. Current portion of Note at year end after December payment = 16,500 Purchased a building for $56,000. Paid $2,000 in attorney fees, $4,000 in remodeling costs to get the building...
I need help recording the
following adjusting entries in the General Journal.
Adjusting journal Entries.
Adj-1
Dec. 31
The company has $1,800 of supplies left at month end.
Adj-2
Dec. 31
Record the portion of the Prepaid Insurance used in
December.
Adj-3
Dec. 31
Record one month of depreciation for the building purchased on
December 1st.
Adj-4
Dec. 31
Employees earned $1,200 in salaries the last week in December
that will be paid on January 10th of next year.
Adj-5...
NEEDED INFORMATION
Service Price per hour provided: $96.00
Sales Price per unit of inventory sold: $84.00
Cost per unit of inventory sold: $38.75
Help needed only with (part 6) General ledger & Multi-step
Income statement
This is the blank format for the general ledger and multi-step
income statement
Part 2 - General Journal (LO3-2) – Post the following journal entries to the general journal. | Trans.Date Description Dec. Sell 45,000 shares of no-par value common stock for $130,000 to obtain...
record only the adjusted entries (the second page) using
information from the first page (trans. 1-19)
Part 2 - General Journal (LO3-2) - Record the following transactions in the General Journal Trans. Date Dec. 1 2 Dec. 1 Dec. 1 Dec. 1 Description Borrow $115.000 from the local bank and signed a six-year installment note with payments of $1,905 at the end of each month. The annual interest rate is 6%. Current portion of Note at year end after December...
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