Instructions On February 14, Foster Associates Co. paid $2,400 to repair the transmission on one of its delivery vans. In addition, Foster paid $500 to install a GPS system in its van. Required: Journalize the entries for the transmission and GPS system expenditures. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Journal Chart of Accounts ASSETS 110 Cash 111 Petty Cash 112 Accounts Receivable 114 Interest Receivable 115 Notes Receivable 116 Merchandise Inventory 117 Supplies 119 Prepaid Insurance 120 Land 123 Delivery Van Shaded cells have feedback. Journalize the entries for the transmission and GPS system expenditures. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Question not attempted. 1 DESCRIPTION JOURNAL 124 Accumulated Depreciation-Delivery Van 125 Equipment 126 Accumulated Depreciation-Equipment 130 Mineral Rights 131 Accumulated Depletion 132 Goodwill 133 Patents PAGE 1 LIABILITIES Score: 0/51 ACCOUNTING FOLIATION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable REVENUE 410 Sales 610 Interest Revenue 620 Gain on Sale of Delivery Truck 621 Gain on Sale of Equipment EXPENSES 510 Cost of Merchandise Sold 520 Salaries Expense 521 Advertising Expense 522 Depreciation Expense-Delivery Truck 523 Delivery Expense 524 Repairs and Maintenance Expense 529 Selling Expenses 531 Rent Expense 532 Depreciation Expense-Equipment 533 Depletion Expense 534 Amortization Expense-Patents 535 Insurance Expense 536 Supplies Expense 539 Miscellaneous Expense 710 Interest Expense 720 Loss on Sale of Delivery Truck 721 Loss on Sale of Equipment 3 4 215 Notes Payable EQUITY 310 Owner's Capital Points: 0/10 311 Owner's Drawing Instructions On February 14, Foster Associates Co. paid $2,400 to repair the transmission on one of its delivery vans. In addition, Foster paid $500 to install a GPS system in its van. Required: Journalize the entries for the transmission and GPS system expenditures. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Chart of Accounts CHART OF ACCOUNTS Foster Associates Co. General Ledger Journal Shaded cells have feedback. Journalize the entries for the transmission and GPS system expenditures. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Question not attempted. DATE 1 2 3 4 DESCRIPTION PAGE 1 JOURNAL Score: 0/51 ACCOUNTING FOLIATION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY Points: 0/10 ASSETS 110 Cash 111 Petty Cash 112 Accounts Receivable 114 Interest Receivable 115 Notes Receivable 116 Merchandise Inventory 117 Supplies 119 Prepaid Insurance 120 Land 123 Delivery Van 124 Accumulated Depreciation-Delivery Van 125 Equipment 126 Accumulated Depreciation-Equipment 130 Mineral Rights 131 Accumulated Depletion 132 Goodwill 133 Patents LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable REVENUE 410 Sales 610 Interest Revenue 620 Gain on Sale of Delivery Truck 621 Gain on Sale of Equipment EXPENSES 510 Cost of Merchandise Sold 520 Salaries Expense 521 Advertising Expense 522 Depreciation Expense-Delivery Truck 523 Delivery Expense 524 Repairs and Maintenance Expense 529 Selling Expenses 531 Rent Expense 532 Depreciation Expense-Equipment 533 Depletion Expense 534 Amortization Expense-Patents 535 Insurance Expense 536 Supplies Expense 539 Miscellaneous Expense 710 Interest Expense 720 Loss on Sale of Delivery Truck 721 Loss on Sale of Equipment 215 Notes Payable

Sunland Company uses both special journals and a general journal as described in this chapter. On June 30, after all monthly postings had been completed, the Accounts Receivable control account in the general ledger had a debit balance of $ 324,100; the Accounts Payable control account had a credit balance of $ 83,300.The July transactions recorded in the special journals are summarized below. No entries affecting accounts receivable and accounts payable were recorded in the general journal for July. Sales journal   Total sales   $ 158,000 Purchases journal   Total purchases   $ 51,400 Cash receipts journal   Accounts receivable column total   $ 137,100 Cash payments journal   Accounts payable column total   $ 48,600 (a) What is the balance of the Accounts Receivable control account after the monthly postings on July 31? The balance of the Accounts Receivable control account   $ enter the balance of the accounts receivable control account in…

To what account(s) is the column total of $174,100 in the sales journal posted?

Sheridan Company uses both special journals and a general journal as described in this chapter. On June 30, after all monthly postings had been completed, the Accounts Receivable control account in the general ledger had a debit balance of $300,300; the Accounts Payable control account had a credit balance of $83,600.The July transactions recorded in the special journals are summarized below. No entries affecting accounts receivable and accounts payable were recorded in the general journal for July. Sales journal   Total sales   $169,300 Purchases journal   Total purchases   $57,000 Cash receipts journal   Accounts receivable column total   $141,600 Cash payments journal   Accounts payable column total   $46,700 What is the balance of the Accounts Receivable control account after the monthly postings on July 31? The balance of the Accounts Receivable control accoun

Gate City Cycles had trouble collecting its account receivable from Sue Ann Noel. On June 19, 2018, Gate City Cycles finally wrote off Noel's $750 account receivable. On December 31, Noel sent a $750 check to Gate City Cycles. Journalize the entries required for Gate City Cycles, assuming Gate City Cycles uses the direct write-off method. On June 19, 2018, Gate City Cycles wrote off Noel's $750 account receivable. Journalize the entry.(Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Jun. 19 On December 31, Noel sent a $750 check to Gate City Cycles. Start by journalizing the entry to reverse the earlier write-off. Date Accounts and Explanation Debit Credit Dec. 31

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Pina Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred. Jan. 15 20 Feb. 10 15 Journalize the transactions for Pina Stores. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Jan. 15 Jan. 20 Feb. 10 Made Pina credit card sales totaling NT$35,500. (There were no balances prior to January 15.) Made Visa credit card sales (service charge fee 3%) totaling NT$6,300. Collected NT$12,100 on Pina credit card sales. Added finance charges of 2.5% to Pina credit card account balances. Feb. 15 Accounts Receivable Account Titles and Explanation Sales Revenue Cash Cash Accounts Receivable Accounts Receivable Debit 35500 6111 189 12100 585 Credit 35500 6300 12100 585

Solstice Company determines on October 1 that it cannot collect $61,000 of its accounts receivable from its customer, P. Moore. Apply the direct write-off method to record this loss as of October 1. View transaction list Journal entry worksheet 1 Record the write-off an account. Note: Enter debits before credits. Date October 01 General Journal Debit Credit

A check drawn by a company in payment of a voucher for $965 was recorded in the journal as $695. What entry is required in the company's accounts?

Prepare journal entries for the following transactions, using the accounts in the order listed: PLEASE NOTE: For similar accounting treatment (DR or CR), you are to record accounts in the order in which they are mentioned in the transactions. On June 1, Kellie Company had decided to initiate a petty cash fund in the amount of $1,200.  DR     CR     On June 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $125, Supplies $368, Postage Expense $325, Repairs and Maintenance Expense $99, Miscellaneous Expense $259. The cash on hand at this time was $38. DR     DR     DR     DR     DR     DR or CR?      CR     On June 14, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $425, Supplies $95, Postage Expense $240, Repairs and Maintenance Expense $299, Miscellaneous Expense $77. The cash on hand at this time was $80. DR     DR     DR     DR     DR     DR or CR?…