Record the transactions in a journal, transfer the journal entries to T-accounts, compute closing amounts for the T- accounts, and construct a balance sheet to answer the question. Jan 25. Sell product for $30,000 in cash with historical cost of $24,000 Jan 26. Sell, deliver, and receive payment of $40,000 for service Jan 27. Consume good or service and pay expense of $2,000 What is the final amount in Total Assets?

how to write general journal for bringing van costing Rm 3000 and cash amount Rm 9000 into the business

Use the Adjusted Trial Balance Lion Consulting. (Note: I am including the Adjusted Trial Balance below in this question to use for questions 18-23 and 40-46, but it would be easier if you refer to the separate file I provided.)On the Income Statement, what would the Gross Profit be for Lion Consulting?  Lion Consulting  Adjusted Trial Balance June 30, 2019    Debit Balances Credit Balances Cash 92,000   Accounts Receivable 450,000   Merchandise Inventory 370,000    Estimated Returns Inventory 5,000    Office Supplies 10,000   Prepaid Insurance  12,000    Office Equipment 220,000      Accumulated Depreciation - Office Equip.   58,000 Store Equipment 650,000       Accumulated Depreciation - Store Equip.   87,500  Accounts Payable   38,500 Customer Refunds Payable    10,000 Salaries Payable   4,000 Note Payable (final payment due 2029)*   *140,000 M.T.…

*Required: Record the transactions using a general journal. Create your own account titles that will appropriately describe the exchanges of values. Post in T-accounts and compute the total assets, liabilities, and equity.

Purchased equitment with $6,000 cash. What accounts does this go into in the journal?

Which of the following journal entries will increase the total balance of the debit accounts in the ledger by $4,500? Select answer from the options below: A debit to Supplies for $4,500; a credit to Cash for $500; and a credit to Accounts Payable for $5,000. A debit to Supplies Expense for $4,500; a credit to Cash for $500; and a credit to Accounts Payable for $4,000. A debit to Accounts Payable for $4,500; and a credit to Cash for $4,500. A debit to Supplies Expense for $5,000; a credit to Cash for $500; and a credit to Accounts Payable for $4,500.

What's the journal entry for sold services for $41,400 in cash and $4,600 on credit?

I need answers in the right format thank you so much.

Record all transactions in appropriate T-accounts (costs by nature), close all accounts and prepare an Income Statement.a) The company recorded an invoice for rubbish disposal in the current month; value 400.b) The company recorded bank fees; value 50.c) The company sold goods worth 2 000 for 3 500 on deferred payment.d) Goods were delivered to a customer – transport cost 500 and additional insurance cost of 200, both paid by bank money transfer..

Written Work. Problem Solving. Show your solutions. At September 28, the balance sheet accounts for Hayao's Restaurant were as follows: Accounts Payable Land Accounts Receivable Building Cash Furniture P3,800 1,600 68,000 10,000 18,700 Hayao, Capital Notes Payable Supplies Instructions: Prepare an SFP on September 30, 2020. P33,000 ? 48,000 6,600 The following transactions occurred during the next two days: Hayao invested an additional P22,000 cash in the business. The accounts payable were paid in full. (No payment was made on the notes payable.)