Matthew and Hein each $141400 for admission into the organization. Before this transaction, Matthew and Hein show capital balances of $209000 each. The journal entry to record the admiss of Melges will O show a credit to Melges, Capital for $282800. O show a debit to Hein, Capital for $141400. show a debit to Cash for $282800. O not show a debit to Cash.

The company takes out a $1,000,000 loan from the bank.   Provide the journal entry that would be necessary to record the transaction.

MOH applied to WIP amounted to $20,000. A Journal Entry to record this transaction would be: Select one: O a. Debit WIP by $20,000; Credit - MOH by $20,000 O b. Debit MOH by $20,000; Credit - WIP by $20,000 Oc. Debit - MOH Applied by $20,000; Credit - MOH Actual by $20,000 O d. Debit - MOH Actual by $20,000; Credit - MOH Applied by $20,000

The owner deposited P280,000 in the name of his business. Dinections: Record the transactions directly into the T-accounts. The transactions are independent from one another. Write your answers on a separate sheet of paper. is Owner's Withdrawals Professional Fees Cash ACCounts Receivable Office Equipment Office Furniture Accounts Payable Owner's Capital Salaries Expense Rent Expense Utilities Expense Miscellaneous Expense a. urchased a 4-in-1 equipment from Limay Equipment for P4,950, paying P1 000 in cash and the balance on account. c. He bought chairs and tables for the office for P12,300 cash. d. He purchased furniture from Orion Company for P2,750 in cash. * he received and paid the telephone bilu from Ph Telecom amounting to P1,030. 15

The following information is available for the R. KandamilCompany before closing the accounts. After all of the closingentries are made, what will be the balance in the R.Kandamil, Capital account? Total revenues . . . $300,000Total expenses . . 195,000R. Kandamil, Capital . . . . . . $100,000R. Kandamil, Withdrawals . . 45,000 a. $360,000 d. $150,000b. $250,000 e. $60,000c. $160,000

Groro Co. bills a client $62,000 for services provided and agrees to accept the following three items in full payment: (1) $10,000 cash, (2) equipment worth $80,000, and (3) to assume responsibility for a $28,000 note payable related to the equipment. For this transaction, (a) analyze the transaction using the accounting equation, (b) record the transaction in journal entry form, and (c) post the entry using T-accounts to represent ledger accounts. Use the following (partial) chart of accounts—account numbers in parentheses: Cash (101); Supplies (124); Equipment (167); Accounts Payable (201); Note Payable (245); Owner, Capital (301); and Revenue (404).

On June 1, 2022 Bedu, Budi, and Bobi were three friends who wanted to form a new firm which would be named as 3B. Bedu would deposit Cash $2,250, Budi would give Equipment $1,150, and Bobi would give Vehicle $3,350. The correct record for this transaction is Select one: O a. Equipment $1,150 on Credit b. Cash $2,250 on Credit O c. Capital of Bedu $1,150 on Credit O d. Capital of Bobi $3,350 on Credit

The following business transactions of Mrs.Amal, a sole trader. April 2021 (1) Capital invested as cash RO 90,000 to start up the business (5) Paid RO 50000 in cash to Purchase Factory (7) Purchase of goods on credit for RO 30000 and 20500 on cash from Royal trading (8) Sale of RO 34000 on credit to Suhail trading and for cash RO 24000 (9) Paid RO 28000 liability to the Royal trading (11) Paid advertisement of RO 12000 (17) Paid salaries of RO 3500 (16) Withdraw of RO 300 for personal use (28) Collection of accounts receivable RO 23000 from Suhail trading You required to: Prepare Journal entries b. Post ledger accounts c. Trail balances а.

The post-closing trial balances of two proprietorships on January 1,2022, are presented below. Sorensen Company Lucas Company Dr. Cr. Dr. Cr. Cash $17,000 $14,400 Accounts receivable 21,000 31,000 Allowance for doubtful accounts $3,600 $5,300 Inventory 32,000 22,100 Equipment 54,000 35,000 Accumulated depreciation-equipment 28,800 13,200 Notes payable 21,600 18,000 Accounts payable 26,400 37,200 Sorensen, capital 43,600 Lucas, capital 28,800 $124.000 $124,000 $102,500 $102.500 Sorensen and Lucas decide to form a partnership, Blossom Company, with the following agreed upon valuations for noncash assets. Sorensen and Lucas decide to form a partnership, Blossom Company, with the following agreed upon valuations for noncash assets. Sorensen Lucas Company Company Accounts receivable $21,000 $31.000 Allowance for doubtful accounts 5,400 4,800 Inventory 33,600 24,000 Equipment 30,000 18,000 All cash will be transferred to the partnership, and the partnership will assume all the liabilities of…

a. P3,440,900 b. P3,250,000 C. P3,146,900 D. P3,059,100