Managerial Accounting
7th Edition
ISBN: 9781260247886
Author: Wild
Publisher: MCG
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Chapter D, Problem 11QS
To determine
Journal: A journal is the complete record of a financial transaction which shows the debit and credit of respective accounts for every transaction including the explanation of the transaction.
the
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Following are the transactions of Green Energy Company.
May 1
The company provided $2,000 of sustainability consulting services on credit to a customer.
May 3
The company purchased $300 of energy-efficient supplies on credit.
May 9
The company collected $500 cash as partial payment of the May 1 consulting revenue.
May 20
The company paid $300 cash toward the payable for energy-efficient supplies.
May 31
The company paid $100 cash for May’s renewable energy
Analyze each transaction of the Green Energy Company by showing its effects on the accounting equation—specifically, identify the accounts and amounts (including + or −) for each transaction. Use the following partial chart of accounts: Cash; Accounts Receivable; Supplies; Accounts Payable; Consulting Revenue; and Utilities Expense.
Date
Assets
=
Liabilities
+
Equity
May 1
=
+
May 3
=
+
May 9
=
+
May 9
=
+
May 20
=…
Required information
[The following information applies to the questions
displayed below.]
Following are the transactions of Green Energy Company.
The company provided $2,400 of
May 1 sustainability consulting services on
credit to a customer.
The company purchased $500 of energy-
efficient supplies on credit.
The company collected $900 cash as
May 3
May 9 partial payment of the May 1 consulting
revenue.
The company paid $500 cash toward the
payable for energy-efficient supplies.
The company paid $300 cash for May's
renewable energy utilities.
May 20
May 31
Prepare general journal entries for the above transactions.
View transaction list
The company provided $2,400 of sustainability consulting
services on credit to a customer.
1
credit to
2 The company purchased $500 of energy-efficient supplies
on credit.
3 The company collected $900 cash as partial payment of
the May 1 consulting revenue.
edit
4 The company paid $500 cash toward the payable for
energy-efficient supplies.
5 The…
Following are the transactions of Green Energy Company.
May 1 The company provided $2,300 of sustainability consulting services on credit to a customer.
May 3 The company purchased $450 of energy-efficient supplies on credit.
May 9 The company collected $800 cash as partial payment of the May 1 consulting revenue.
May 20 The company paid $450 cash toward the payable for energy-efficient supplies.
May 31 The company paid $250 cash for May's renewable energy utilities.
Chapter D Solutions
Managerial Accounting
Ch. D - Prob. 1DQCh. D - Prob. 2DQCh. D - Prob. 3DQCh. D - Prob. 4DQCh. D - Are debits or credits typically listed first in...Ch. D - Should a transaction be recorded first in a...Ch. D - Prob. 7DQCh. D - Why does the reeordkeeper prepare a trial balance?Ch. D - Prob. 9DQCh. D - Prob. 10DQ
Ch. D - Prob. 11DQCh. D - Prob. 12DQCh. D - Prob. 13DQCh. D - Define (a) assets, (b) liabilities, and (c) equityCh. D - Prob. 15DQCh. D - Review the Apple balance sheet Appendix A....Ch. D - Review the Google balance sheet in Appendix A....Ch. D - Prob. 18DQCh. D - Identify the items from the following list that...Ch. D - Prob. 2QSCh. D - Prob. 3QSCh. D - Identify the normal balance (debit or credit) for...Ch. D - Prob. 5QSCh. D - Prob. 6QSCh. D - Prob. 7QSCh. D - A trial balance has total debits of $20,000 and...Ch. D - Prob. 9QSCh. D - Prob. 10QSCh. D - Prob. 11QSCh. D - Prob. 12QSCh. D - Prob. 13QSCh. D - Prob. 14QSCh. D - Prob. 15QSCh. D - Order the following steps in the accounting...Ch. D - Prob. 2ECh. D - Enter the number for the item that best completes...Ch. D - For each of the following, (1) identify the type...Ch. D - Prob. 5ECh. D - Prob. 6ECh. D - Prepare general journal entries for the following...Ch. D - Prob. 8ECh. D - Prob. 9ECh. D - Prob. 10ECh. D - Prob. 11ECh. D - 1. Prepare general journal entries for the...Ch. D - Prob. 13ECh. D - Prob. 14ECh. D - A corporation had the following assets and...Ch. D - Carmen Camry operates a consulting firm called...Ch. D - Prob. 17ECh. D - Prob. 18ECh. D - Prob. 19ECh. D - Prob. 20ECh. D - You are told the column totals in a trial balance...Ch. D - Exercise D-22 Calculating and interprets the debt...Ch. D - Prob. 23ECh. D - Prob. 1PSACh. D - Prob. 2PSACh. D - Denzel Brooks opened a web consulting business...Ch. D - Prob. 4PSACh. D - The accounting records of Nettle Distribution show...Ch. D - Prob. 6PSACh. D - Prob. 7PSACh. D - Prob. 1PSBCh. D - Prob. 2PSBCh. D - Prob. 3PSBCh. D - Prob. 4PSBCh. D - Prob. 5PSBCh. D - Prob. 6PSBCh. D - Prob. 7PSBCh. D - Prob. 1SPCh. D - Prob. 2SPCh. D - Prob. 3SPCh. D - Prob. 1GLPCh. D - Prob. 2GLPCh. D - Prob. 3GLPCh. D - Prob. 4GLPCh. D - Prob. 5GLPCh. D - Prob. 6GLPCh. D - Prob. 7GLPCh. D - Using transactions from the following assignments...Ch. D - Prob. 1AACh. D - Prob. 2AACh. D - Prob. 3AACh. D - Prob. 1BTNCh. D - Prob. 2BTNCh. D - Prob. 3BTNCh. D - The expanded accounting equation consists of...Ch. D - Prob. 5BTNCh. D - Prob. 6BTNCh. D - Prob. 7BTN
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