The following transactions are February activities of Swing Hard Incorporated, which offers indoor golfing lessons in the northeastern United States. If revenue is to be recognized in February, indicate the amount. Activity a. Swing Hard collected $22,200 from customers for lesson services given in February. b. Swing Hard sold a gift card for golf lessons for $180 cash in February. c. Swing Hard received $4,200 from services provided on account to customers in January. d. Swing Hard collected $3,900 in advance payments for services to start in June. e. Swing Hard billed a customer $205 for services provided between February 25 and February 28. The bill is to be paid in March. Amount

Geoff and Sandy Harland own and operate Wayward Kennel and Pet Supply. Their motto is, “If your pet is not becoming to you, he should be coming to us.” The Harlands maintain a sales tax payable account throughout the month to account for the 6% sales tax. They use a general journal, general ledger, and accounts receivable ledger. The following sales and cash collections took place during the month of September: September Transactions: Sept. 2 Sold a fish aquarium on account to Ken Shank, $125 plus tax of $7.50, terms n/30. Sale No. 101.   3 Sold dog food on account to Nancy Truelove, $68.25 plus tax of $4.10, terms n/30. Sale No. 102.   5 Sold a bird cage on account to Jean Warkentin, $43.95 plus tax of $2.64, terms n/30. Sale No. 103.   8 Cash sales for the week were $2,332.45 plus tax of $139.95.   10 Received cash for boarding and grooming services, $625 plus tax of $37.50.   11 Jean Warkentin stopped by the store to point out a minor defect in the bird cage…

During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Purchased goods for $7,700 from Diamond Incorporated with terms 2/10, n/30. June 5 Returned goods costing $2,900 to Diamond Incorporated for credit on account. June 6 Purchased goods from Club Corporation for $2,800 with terms 2/10, n/30. June 11 Paid the balance owed to Diamond Incorporated. June 22 Paid Club Corporation in full. Required: Prepare journal entries to record the transactions, assuming Ace records discounts using the gross method in a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list No 1 2 3 4 5 Date June 03 June 05 June 06 June 11 June 22 View journal entry worksheet Inventory Accounts Payable Accounts Payable Inventory Inventory Accounts Payable Accounts Payable Cash Accounts Payable Cash General Journal Debit 7,700 2,900 2,800 7,546…

The City of Evansville operated a summer camp program for at-risk youth. Businesses and nonprofit organizations sponsor one or more youth by paying the registration fee for program participants. The following Schedule of Cash Receipts and Disbursements summarizes the activity in the program's bank account for the year. 1. At the beginning of 2020, the program had unrestricted cash of $30,000. Cash receipts: Registration fees Borrowing from bank Total deposits Cash disbursements: Wages Payroll taxes Insurance (paid monthly) Purchase of bus Interest on bank note Total checks Excess of receipts over disbursements Cash Basis 12 months $134,000 60,000 194,000 74,000 9,900 6,900 69,000 1,800 161,600 $ 32,400 2. The loan from the bank is dated April 1 and is for a five-year period. Interest (6 percent annual rate) is paid on October 1 and April 1 of each year, beginning October 1, 2020. 3. The bus was purchased on April 1 with the proceeds provided by the bank loan and has an estimated useful…