August 1: Received cash from owner as an investment, $40,000Debit Cash, Credit Jay Davidson CapitalDebit Jay Davidson Capital, Credit CashDebit Cash, Debit Jay Davidson WithdrawalCredit Jay Davidson Capital, Credit Cash

Journal means the book of prime entry where all entries are recorded in different pages. Journal…

Answered: August 1: Received cash from owner as…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

Complete the followin Common Size Balance Sheet: Amount Percent Cash $ 600 (c) _____________________________ Accounts Receivable 1,400 (d)_____________________________ Total Aseets $ 2,000 (e) _______________________________ Accounts Payable 400 (f) _______________________________ Notes Payable 800 (g)________________________________ Total Liabilities 1,200 (h)…
Received $3,000 cash from Gomez Co. on its receivable. Note: Enter debits before credits. Date December 28 Record entry General Journal Clear entry Q Search D
Make journal entry of this.
Using the following information please prepare a statement of cash flow Revenue forServices$75,000.00 Checks written to Vedors$25,000.00 Payment to employees$10,000.00 Cash, beginning of year$50,000.00 Purchase new equipment$35,000.00 Loan Repayment$17,500.00
For the year ended December 31, Year 1, Fields Company made cash payments of $53,200 for dividends, paid interest of $22,000, paid $31,200 cash to suppliers, and purchased equipment for $69,200 cash. What is the net cash used by investing activities for Year 1? Multiple Choice $175.600 $113.200 $69.200 $75.200
Purchased equitment with $6,000 cash. What accounts does this go into in the journal?
the owner Ms Rose Petals contributed R80 000 as capital contribution. issued receipt no. 57 create cash receipt journal
Prepare cash flow of accounts. thank you!
Beginning Balance A. D. Total Ending Balance Deposits $7,500 350 7,850 Bank Statement. Checks 101 102 103 106 Bank service charges C. Initiated a petty cash fund $250 check #102. D. Received $350 cash for services rendered. Bank Statement balance $ 600 250 125 242 1,307 Lavender Company started its business on April 1, 2019. The following are the transactions that happened during the month of April. A. The owners invested $7,500 from their personal account to the business account. B. Paid rent $600 with check #101. $0 E. Purchased office supplies for $125 with check #103. F. Purchased computer equipment $1,500, paid $500 with check #104, and will pay the remainder in 30 days. G. Received $750 cash for services rendered. H. Paid wages $375, check #105. 1. Petty cash reimbursement Office Supplies $50, Maintenance Expense $80, Miscellaneous Expense $60. Cash on hand $8. Check #106. J. Increased Petty Cash by $70, check #107. Assume no bank errors. Lavender Company Bank Reconciliation…
Post the following general journal entries to the general ledger?
Question : 2021 Jan. 1 Rs.200,000 Amir started business with capital of 6. Goods purchased from Rehman on credit for Rs.70,000 9 Cash sales to Farooq Rs.10,000 13 Machinery purchased Rs.67,000 25 Rent to Waris Rs.1000 for building in which business 66 situated. а) Make analysis of above transaction with debit and credit? b) Record the above transaction in Journal chronologically? c) Prepare the T-accounts of Journal (Question 2) and draw the Trial Balances?
Case A: Compute cash interest received Interest revenue Interest receivable, beginning of year Interest receivable, end of year For each separate case, compute the required cash flow information for BioClean. Case A: Case B: Case B: Compute cash paid for wages $5,400 Wages expense 680 Wages payable, beginning of year 1,900 Wages payable, end of year Cash received for interest Cash paid for wages $ 9,800 3,000 1,800

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August 1: Received cash from owner as an investment, $40,000 O Debit Cash, Credit Jay Davidson Capital O Debit Jay Davidson Capital, Credit Cash O Debit Cash, Debit Jay Davidson Withdrawal O Credit Jay Davidson Capital, Credit Cash