Balance Sheet A partial work sheet and statement of owner's equity for Major Advising for the month ended January 31, 20-- are shown.   Major Advising Work Sheet (Partial) For Month Ended January 31, 20--   Income Statement Balance Sheet ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT Cash     1,339.00   Accounts Receivable     935.00   Supplies     346.00   Prepaid Insurance     800.00   Office Equipment     3,500.00   Accum. Depr.—Office Equipment       200.00 Accounts Payable       1,000.00 Wages Payable       300.00 Ed Major, Capital       4,100.00 Ed Major, Drawing     900.00   Advising Fees   4,140.00     Wages Expense 700.00       Advertising Expense 90.00       Rent Expense 500.00       Supplies Expense 150.00       Phone Expense 67.00       Electricity Expense 48.00       Insurance Expense 89.00       Gas and Oil Expense 53.00       Depr. Expense—Office Equipment 200.00       Miscellaneous Expense 23.00         1,920.00 4,140.00 7,820.00 5,600.00 Net Income 2,220.00     2,220.00   4,140.00 4,140.00 7,820.00 7,820.00 Major Advising Statement of Owner's Equity For Month Ended January 31, 20-- Ed Major, capital, January 1, 20--   $4,100 Net income for January $2,220   Less withdrawals for January 900   Increase in capital   1,320 Ed Major, capital, January 31, 20--   $5,420     Prepare a balance sheet. Major Advising Balance Sheet January 31, 20--

1. Open an accounts payable ledger account for the following vendors:              1. Central Lumber, 220           1. Commercial Tool Warehouse, 230        2. Record a balance on the following account:         1. Interior Plumbing Parts -- $2,320 on August 21.

Provide the answer is correct option

Francisco Company has 10 employees, each of whom earns $2,800 per month and is paid on the last day of each month. All 10 have been employed continuously at this amount since January 1. On March 1, the following accounts and balances exist in its general ledger. a. FICA-Social Security Taxes Payable, $3,472; FICA-Medicare Taxes Payable, $812. (The balances of these accounts represent total liabilities for both the employer's and employees' FICA taxes for the February payroll only.) b. Employees' Federal Income Taxes Payable, $7,000 (llability for February only). c. Federal Unemployment Taxes Payable, $336 (liability for January and February together). d. State Unemployment Taxes Payable, $3,024 (lability for January and February together). The company had the following payroll transactions. March 15 Issued check payable to Swift Bank, a federal depository bank authorized to accept employers' payments of FICA taxes and employee income tax withholdings. The $11,284 check is in payment of…

business issued a credit memo $235 to NECinc.regarding the sales on oct 1 give journal entry

! Required information [The following information applies to the questions displayed below.] Claire Corporation is planning to issue bonds with a face value of $160,000 and a coupon rate of 8 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30, and December 31. All of the bonds were sold on January 1 of this year. Claire uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 12 percent.(FV of $1. PV of $1, FVA of $1, and PVA of $1) Note: Use appropriate factor(s) from the tables provided. Show Transcribed Text < Journal entry worksheet Note: Enter debits before credits. Record the issuance of the bonds on January 1. Date January 01 Record entry J General Journal Clear entry c Debit Credit View general journal

Record the following transactions for the Scott Company: Transactions: Nov. 4 Received a $6,500, 90-day, 6% note from Tim’s Co. in payment of the account. Dec. 31 Accrued interest on the Tim’s Co. note. Feb. 2 Received the amount due from Tim’s Co. on the note.   Required:   Journalize the above transactions. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal places. Assume a 360-day year when calculating interest. CHART OF ACCOUNTS Scott Company General Ledger   ASSETS 110 Cash 111 Petty Cash 121 Accounts Receivable-Batson Co. 122 Accounts Receivable-Bynum Co. 123 Accounts Receivable-Calahan Inc. 124 Accounts Receivable-Dodger Co. 125 Accounts Receivable-Fronk Co. 126 Accounts Receivable-Miracle Chemical 127 Accounts Receivable-Solo Co. 128 Accounts Receivable-Tim’s Co. 129 Allowance for Doubtful Accounts 131 Interest Receivable 132 Notes Receivable-Tim’s Co. 141…

Current Attempt in Progress Presented below is information related to Sheridan Company for its first month of operations. Jan. 06 Jan. 10 Jan. 23 Balance of Credit Purchases Gorst Company Tian Company Accounts Payable $9,000 11,800 Maddox Company 12,300 $ Gorst Company Jan. 11 Determine the balances that appear in the accounts payable subsidiary ledger. What Accounts Payable balance appears in the general ledger at the end of January? $ Jan. 16 Jan. 29 Cash Paid Gorst Company Tian Company Maddox Company Subsidary Ledger Tian Company 69 $6,800 11,800 7,400 $ Maddox Company $ General Ledge