Bank A/P - Pesticide Products A/P - Pro Hardware E. Inahaba, Capital E. Inahaba, Drawings Landscaping Revenue Advertising Expense Interest Expense Telephone Expense Truck Expense Wages Expense A/R-G. Yung A/R-F. Sawchuck A/R - W. Scott Chemical Supplies Equipment Truck Bank Loan A/P - Banner News Record the transactions shown below, using the chart provided in your Workbook. TRANSACTIONS 1. Purchased $125 worth of chemical supplies on credit from Pesticide Products. 2. Received a bill from Pro Hardware for $150 for the purchase of a new ladder on credit. 3. Issued a cheque for $100 to W. Decorte for part-time wages. 4. Received $50 cash from a customer for tree trimming. 5. Sold services to G. Yung for $100 on credit. 6. Received a bill from the Banner News regarding a $50 advertisement placed in the newspaper on credit. 7. Issued a cheque for $175 to E. Inahaba, the owner, for his personal use. 8. Received a notice from the bank stating that it had taken $90 from the business's bank account to pay for interest charges on the bank loan. 9. Received a memo from E. Inahaba, the owner, stating that he had received $100 from a cash customer. The money was not put in the bank as usual but was kept by Mr. Inahaba

Bank A/P - Pesticide Products A/P - Pro Hardware E. Inahaba, Capital E. Inahaba, Drawings Landscaping Revenue Advertising Expense Interest Expense Telephone Expense Truck Expense Wages Expense A/R-G. Yung A/R-F. Sawchuck A/R - W. Scott Chemical Supplies Equipment Truck Bank Loan A/P - Banner News Record the transactions shown below, using the chart provided in your Workbook. TRANSACTIONS 1. Purchased $125 worth of chemical supplies on credit from Pesticide Products. 2. Received a bill from Pro Hardware for $150 for the purchase of a new ladder on credit. 3. Issued a cheque for $100 to W. Decorte for part-time wages. 4. Received $50 cash from a customer for tree trimming. 5. Sold services to G. Yung for $100 on credit. 6. Received a bill from the Banner News regarding a $50 advertisement placed in the newspaper on credit. 7. Issued a cheque for $175 to E. Inahaba, the owner, for his personal use. 8. Received a notice from the bank stating that it had taken $90 from the business's bank account to pay for interest charges on the bank loan. 9. Received a memo from E. Inahaba, the owner, stating that he had received $100 from a cash customer. The money was not put in the bank as usual but was kept by Mr. Inahaba

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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Good day, please may you help me with accounting debtors journal and allowances on Nerina traders a gift shop situated in Illovo. debtors journal headings day,details,debtors controloutput vat,sales debtors allowances headings day,debtors control,input vat ,sales return
A Pre-Closing Trial Balance for Shady Lane Senior Living Center is listed below. From the list of accounts provided, prepare an activity statement. In this instance, there are no assets released from restrictions. Download the excel file provided. Prepare the activity statement, save it on your computer, and upload your response in the drop box below. Cash $121,000 Pledges Receivable 50,240 Interest Income Receivable 500 Inventory 1,000 Investments – long term 492,600 Land 42,000 Building 162,800 Vintage Car Collection 60,000 Allowance for Uncollectible Pledges 1,000 Accumulated Depreciation 22,600 Accounts Payable 600 Notes Payable 1,000 Deferred Revenue 400 Long Term Loans Payable 100,000 Mortgage Payable 14,000 Net Assets: UR Undesignated 100,000 Net Assets: UR Designated 60,000 Net Assets: TR 100,000 Net Assets: PR 200,000 Program Expenses 42,300 SS: Mgt & Genl Exp 9,600 SS: Fundraising Exp 3,600 Reclassifications OUT-TR 44,200 Loss on Disposal of equipment 600 Revenue:…
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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
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.
Make journal entry of this.
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t of You are given the following information for Sibas Nail Bar: Equipment.... Manicure tables and chairs... Inventory..... Clients owing Sibas Nail Bar.. Sibas Nail Bar owes Salon Suppliers.. Bank Short term loan.. Time left 1:14:11 R 149 500 4 600 11 500 28 750 86 250 14 950 57 500 The total assets of Sibas Nail Bar will be... NB: Instructions 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Only show the amount, do not show the R (eg: 12141.72) ?
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