How do I record the current transaction? -Final Examirequired for a transaction/event, select "No journal entry required" in the first account field.)View transaction listJournal entry worksheet<2Note: Enter debits before credits.DateDecember28031F2WReceived $3,000 cash from Gomez Company on its receivable.SRecord entryX4#320F3E5DGeneral Journal$6 6 74Clear entryC♂F4R8< Required 1F%5F59,T< PrevVDebitSaved6G11CreditView general journalRequired 2A >MacBook Air1 of 1F6YB&7H>NextF7U00 *8NDIIF8J|DF9KMHelpUne cocco.com0ㅁSave EF10CP

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Description: How do I record the current transaction? -Final Examirequired for a transaction/event, select "No journal entry required" in the first account field.)View transaction listJournal entry worksheet<2Note: Enter debits before credits.DateDecember28031F2W

The easiest solution to maintain track of a business transaction is through journal entries. .…

Business

Accounting

Journal entry worksheet < 1 ***** Date December 28 4 Note: Enter debits before credits. Record entry 5 6 Received $3,000 cash from Gomez Company on its receivable. General Journal 7 Clear entry 8 < Required 1 Debit < Prev 11 Credit View general journal Required 2A > 1 of 1 www Bow Next >

Journal entry worksheet < 1 ***** Date December 28 4 Note: Enter debits before credits. Record entry 5 6 Received $3,000 cash from Gomez Company on its receivable. General Journal 7 Clear entry 8 < Required 1 Debit < Prev 11 Credit View general journal Required 2A > 1 of 1 www Bow Next >

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 13MC: Received a check for $72 from a customer, Mr. White. Mr. White owed you $124. Which journal would...

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cation.com Saved ework View transaction list Journal entry worksheet 4 5 7 8 9 10 Borrowed $89 from a bank, signing a short-term note. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal earch 行

PA5. 7.4 Brown Inc. records purchases in a purchases journal and purchase returns in the general journal. Record the following transactions using a purchases journal, a general journal, and an accounts payable subsidiary ledger. The company uses the periodic method of accounting for inventory. Oct.1 Purchased inventory on account from Price Inc. for $2,000 Oct.1 Purchased inventory on account from Cabrera Inc. for $3,000 Oct.8 Returned half of the inventory to Price Inc. Oct.9 Purchased inventory on account from Price Inc. for $4,200
MUMassD Logor X E Quicklaunch - x K. myCourses Da: X Se Univ of Mass - X Ceng g In | Federa x ducation.com Saved mework View transaction list Journal entry worksheet 1 3 4 8 9 10 Provided $57,971 in service to customers during the year, with $21,658 on account and the rest received in cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 0 日 search
E2-13 (Algo) Recording Journal Entries LO2-4 Jameson Corporation was organized on May 1. The following events occurred during the first month. a. Received $66,000 cash and a building valued at $260,000 from the five investors who organized Jameson Corporation. Each investor received 103 shares of $10 par value common stock. b. Ordered store fixtures costing $12,000. c. Borrowed $13,000 cash and signed a note due in two years. d. Purchased $20,000 of equipment, paying $1,100 in cash and signing a six-month note for the balance. e. Lent $1,100 to an employee who signed a note to repay the loan in three months. f. Received and paid for the store fixtures ordered in (b). Required: Prepare journal entries for each transaction. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 3 Note: Enter debits before credits Transaction 4 5 Record the receipt of the $13,000 cash borrowed on a…
engageNOWv2 | Online teachir X * CengageNOWv2| Online teachir x .com/ilrm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre. * A eBook Show Me How Accounts Receivable Analysis A company reports the following: Sales $671,600 Average accounts receivable (net) 67,160 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables days Previous Next Check My Work 11:16 AM 67°F Sunny A O E D a ) 12/3/2021 n sc hone backsoce
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record the company's write-offs of uncollectible accounts for 20x3. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). View transaction list Journal entry worksheet < 1 Record the company's write-offs of uncollectible accounts for 20x3. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal
DESCRIPTION OF TRANSACTION DEBIT (-) $150.40 (IFANY) CREDIT (+) %24 DATE BALANCE (-) %24 %24 NUMBER 959 4,810.00 -150.40 4,659.60 -69.60 2015 7/7 AT+T 960 7/15 Staples 69.60 4,590.00 845.00 7/19 Deposit 845.00 5,435.00 -518.38 961 7/20 West Electric 518.38 4,916.62 -388.04 962 7/24 Bank of America 388.04 ok 4,528.58 445.40 7/29 Deposit 445.40 nt $ 4,973.98 ences BANK STATEMENT Checks Balance $4,810.00 4, 659.60 5,504.60 5,116.56 5, 101.16 Date Deposits 7/1 balance $150.40 7/18 7/19 $845.00 7/26 388.04 7/30 15.40 SC BANK RECONCILIATION %24 5101.16 2$ 4973.98 Bank balance Lee.com checkbook balance Add: 445.40 Deposit in transit Deduct: Deduct: 15.40 Outstanding checks (total) Service charge %24 $ 4958.58 Ending bank balance Ending checkbook balance Next > < Prev 3 of 4
. Prepare the journal entries SSG would record. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Transaction a(1) 3 Note: Enter debits before credits. Record the sales on account of $150,000 to SRU. Record entry 4 5 General Journal Clear entry Debit Credit View general journal
My Profile It easter for your to enter the appropriate information into the provided receipt templates. Transactions Date: 31/05/2013 31/05/2013 Details Dr Cr Balance John Jones Ch no 1444 James Smithson Ch no 1443 $ 3723.15 $56,900.00 $ 1841.00 31/05/2013 General Account chq no 1445 20/05/2013 General Account chq no 1442 20/05/2013 Reddy & Co Chq no 1441 $485.85 $14,732.50 $ 38,767.50 $ 60,623.15 $62,464.15 15/05/2013 Deposit $1,350.00 $62,950.00 $77,682.50 $116,450.00 Question 13/05/2013 Deposit $2,000.00 $115,100.00 08/05/2013 Deposit 07/05/2013 Deposit $1,200.00 $113,100.00 $56,900.00 $111,900.00 07/05/2013 Deposit $1,500.00 $55,000.00 05/05/2013 Adjustment Dis chq $1,500.00 $53,500.00 03/05/2013 Deposit $1,500.00 $55,000.00 03/05/2013 Agnew & Fortescue ch no 1439 $28,110.00 $53,500.00 03/05/2013 General Account Ch no 1440 $10,690.00 $81,610.00 01/05/2013 Opening Balance $92,300.00 Jump to... CPPREP450 Linka By " You musepad consisting of a separateden Hobe account for coch at he…
[The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of TNT Fireworks includes the following account balances: Accounts Debit Credit $ 59,000 25,600 Cash Accounts Receivable Allowance for Uncollectible Accounts $ 2,500 Inventory Notes Receivable (5%, due in 2 years) 36,600 15,600 Land 158,000 Accounts Payable 15,100 Common Stock 223,000 Retained Earnings 54,200 Totals $294,800 $294,800 During January 2021, the following transactions occur: January 1 Purchase equipment for $19,800. The company estimates a residual value of $1,800 and a six-year service life. January 4 Pay cash on accounts payable, $9,800. January 8 Purchase additional inventory on account, $85,900. January 15 Receive cash on accounts receivable, $22,300. January 19 Pay cash for salaries, $30,100. January 28 Pay cash for January utilities, $16,800. January 30 Sales for January total $223,000. All of these sales are on account. The cost of the units sold is $116,500.…
Posting the following journal entries to the T- accounts and balance each of the accounts. T- accounts are included in the in the Exam 1 format document. Make sure you use proper alpha reference and balance technique. GENERAL JOURNAL Page Date Debit Credit Description Post ref Cash Common Stock 10,000 1. 10,000 2 Equipment Accounts Payable 10,000 10,000/5 Accounts Receivable Fees Earned 4,000 4.000 8 d. 5.000 10 Accounts Payable Cash 10 11 12 5,000/11 12 13 2.500 Rent Lxpense Cash 13 2,500/14 / 15 14 15
On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances: Accounts Debit Credit Cash $ 23,700 Accounts Receivable Allowance for Uncollectible Accounts 41,000 $ 4,900 39,000 Inventory Land 75,100 Accounts Payable Notes Payable (8%, due in 3 years) Common Stock Retained Earnings 27,900 39,000 65,000 42,000 Totals $178,800 $178,800 The $39,000 beginning balance of inventory consists of 390 units, each costing $100. During January 2021, Big Blast Fireworks had the following inventory transactions: 3 Purchase 1,800 units for $192, 600 on account ($107 each). 8 Purchase 1,900 units for $212,800 on account ($112 each). January January January 12 Purchase 2, 000 units for $234,000 on account ($117 each). January 15 Return 145 of the units purchased on January 12 because of defects. January 19 Sell 5,800 units on account for $870,000. The cost of the units sold is determined using a FIFO perpetu inventory system. January 22 Receive $841,000 from…