Ch 3 Problemhttps://mybusinesscourse.com/platform/mod/quiz/review.php?attempt=6797371&cmid=362909BusinessCourseNotes PayableTo record note payable.Accounts ReceivableInstruction Fees EarnedTo record June billings.Interest ExpenseNotes PayableTo record payment of interest.Advertising ExpenseCashTo record payment for advertising.Accounts PayableCash→1Accounts ReceivableTo record June utilities invoice.DividendsCashTo record cash dividend.PianoCashTo record purchase of a piano.Type here to searchC VA ✔xO>><000=To record payment for costume rental.Cash+Accounts ReceivableTo record receipts for admission fees.Accounts PayableCash=To record payment owed on account.Cash5-✔ CCh 3 Problem3456X +https://mybusinesscourse.com/platform/mod/quiz/review.php?attempt=6797371&cmid=362909BusinessCourseReturn to courseTransaction Analysis, Trial Balance, and Financial StatementsAngela Mica operates the Mica Dance Studio. On June 1, the business's general ledger contained the following information:CashAccounts Receivable$5,930 Accounts Payable8,400Notes PayableCommon StockRetained Earnings.$14,330The following transactions occurred during the month of June:1Paid June rent for practice studio.2Paid June piano rental (Rent Expense).Collected from students on account.$4803,9807,8702,000$14,330Borrowed and signed a promissory note payable due in 6 monthsBilled students for June instructional fees.Paid interest for June on notes payable.Paid for advertising ballet performances.78910 Paid amount owed on account.11 Received invoice for June utilities, to be paid in July.12 Paid stockholders a cash dividend.13 Used cash to purchase piano, to be used in business starting in July.+$8752405,3201,5007,500550Paid costume rental (Rent Expense).Collected admission fees from ballet performances given during the month. 2,100.4805109005,50030375Requireda. Record these transactions in the general journal and post them to the T-accounts.b. Prepare a trial balance as of June 30.=Type here to searchO AtΟΠΕΠ

In the given answers, there are some mistakes with respect to journal entries passed along with the…

Answered: Transaction Analysis, Trial Balance in

Business

Accounting

Transaction Analysis, Trial Balance in

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter14: Accounting For Uncollectible Accounts Receivable

Section14.3: Promissory Notes

Problem 1WT

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zto.mheducation.com/ext/map/index.html?_con=con&external_browser Saved Help Save & Exit Required information Use the following information for the Exercises 12-13 below. (Algo) [The following information applies to the questions displayed below.] of 2 Del Gato Clinic's cash account shows an $15,472 debit balance and its bank statement shows $16,254 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $3,069. b. The June 30 bank statement lists a $35 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $389 in payment of a utility bill on June 15. Del Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $398. d. The June 30 cash receipts of $2,261 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. 3251 ok Exercise 6-13 (Algo) Entries from bank reconciliation LO P3 Prepare any necessary…
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
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
eNOWv2 | Online teachin X + Wilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... A Accounts Receivable Analysis Xavier Stores Company and Lestrade Stores Inc. are large retail department stores. Both companies offer credit to their customers through their own credit card operations. Information from the financial statements for both companies for two recent years is as f (in millions): Xavier Lestrade Sales $255,500 $357,700 Credit card receivables-beginning 24,416 47,840 Credit card receivables-ending 20,384 36,832 a. Determine the (1) accounts receivable turnover and (2) the number of days' sales in receivables for both companies. Round answers to one decimal place. Assume 365 days a year. Xavier Lestrade 1. Accounts receivable turnover days days 2. Number of days' sales in receivables than Lestrade's. The number of days' sales in receivables is b. Xavier's accounts receivable turnover is for Xavier than for Lestrade. These differences…
Received a check for $72 from a customer, Mr. White. Mr. White owed you $124. Which journal would the company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journal
Instruction: From the following partial worksheet of Atty. Villanueva for six-month period ended December 31, 2019, prepare the financial statement in good form. Income Statement Balance Sheet Trial Balance Debit 40,000 50,000 30,000 10,000 20,000 15,000 Credit Debit Credit Debit Credit Cash on Hand Cash in Bank 40,000 50,000 30,000 10,000 20,000 15,000 Accounts Receivable Note Receivable Prepaid Insurance Office Furniture Accounts Payable Notes Payable M. Capital M. Drawing Service Income Salaries Expense Supplies Expense Taxes and Licenses Rent Expense Interest Expense 20,000 10,000 77,000 20,000 10,000 77,000 5,000 5,000 150,000 150,000 36,000 8,000 5,000 24,000 2,000 3,000 36,000 8,000 5,000 24,000 2,000 3,000 Bad Debts Allowance for Bad Debts 3,000 3,000 Depreciation Expense Accumulated Depreciation - Furniture Insurance Expense Unused Supplies Interest Income 1,500 1,500 1,500 1,500 10,000 3,000 10,000 3,000 1,000 262,500 262,500 89,500 151,000 173,000 111,500 Net Income 61,500…
3 Broadmor Industries collected $7,500 from a customer on account. What journal entry will be prepared by Broadmor to record this transaction? Multiple Choice Debit Cash and credit Accounts Receivable. Debit Cash and credit Service Revenue. Debit Accounts Receivable and credit Service Revenue. Debit Accounts Receivable and credit Cash.
Haytechcc.blackboard.co gement,. H https://outlook.offi.. FES Protection Plan System 7- North C. work Exercises Saved After returning from a three-day business trip, the accountant for Southeast Sales, Johanna Estrada, checked bank activity in the company's checking account online. The activity for the last three days follows. Business Checking Account #123456-987 Date Туpe Description Online Transfer to CM XX0XX Deposit ID number 8888 Check #1554 (view) Online payment Check #1553 (view) Check #1551 (view) Edwards UK AP payment ATM withdrawal Additions Payments Balance 09/24/20X1 09/24/20X1 Deposit 09/23/20X1 Loan payment $5,100.00 $17,275.06 $22,375.06 $5,100.00 $19,945.46 52.05 $25,845.46 $ 400.00 $25,097.51 $1,910.00 $25,497.51 $27,407.51 $ 400.00 $16,907.51 $ 2,429.60 Check Bill payment 09/23/20X1 09/22/20X1 09/22/20X1 Check Check ACH credit ATM $10,500.00 09/22/20x1 09/22/20X1 After matching these transactions to the company's Cash account in the general ledger, Johanna noted the…
Accounting The following cash, credit stock purchases and returns were made RMIT Bookstore during June. Date Details Amount (incl GST) June 2 Purchase from Diane June 8 Purchase from Bean June 18 Return to Diane June 23 Return to Bean June 28 Cash Purchases June 29 Paid Bean $ 550 $ 198 $ 66 $ 4 $ 693 $ 154 Task 8 Required: Record the transactions in the General Journal. Post the General Ledger and Subsidiary Ledger. Reconcile the Payables Ledger with the General Ledger. Answer: General Journal - RMIT Bookstore Date Particulars Debit Credit General Ledger - RMIT Bookstore Bank Date Particulars Debit Credit Balance Inventory Date Particulars Debit Credit Balance GST Paid Date Particulars Debit Credit Balance Accounts Payable Date Particulars Debit Credit Balance Payables Subsidiary Ledger - RMIT Bookstore Bean Date Particulars Debit Credit Balance Diane Date Particulars Debit Credit Balance Payables Subsidiary Reconciliation - RMIT Bookstore Diane Balance per Control Account
Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help I System Announcements CALCULATOR PRINTER VERSION 4 ВАСК NEX Exercise 9-04 a-f (Part Level Submission) At the beginning of the current period, Cheyenne had balances in Accounts Receivable of $286,000 and in Allowance for Doubtful Accounts of $9,900 (credit). During the period, had net credit sales of $890,000 and collections of $845,500. It wrote off as uncollectible accounts receivable of $6,000. However, a $4,000 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $24,800 at the end of the period. (Omit cost of goods sold entries. (a - d) (a) Prepare the entries to record sales and collections during the period. (b) Prepare the entry to record the write-off of uncollectible accounts during the period. (c) Prepare the entries to record the recovery of the uncollectible account during the…
turn to Blackboard Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help | System Announcements CALCULATOR PRINTER VERSION BACK NEX Exercise 194 a-b White Water Kayak Company's bank statement for the month of September showed a balance per bank of $6,900. The company's Cash account in the general ledger had a balan of $5,573 at September 30. Other information is as follows: (1) Cash receipts for September 30 recorded on the company's books were $5,850 but this amount does not appear on the bank statement. (2) The bank statement shows a debit memorandum for $25 for check printing charges. (3) Check No. 119 payable to Blacque Company was recorded in the cash payments journal and cleared the bank for $236. A review of the accounts payable subsidiary ledger shows a $27 credit balance in the account of Blacque Company and that the payment to them should have been for $263. (4) The total amount of checks still outstanding at September 30…
g In | Federa x M UMassD Logor X EQuickLaunch -x K myCourses Da: x Univ of Mass - X * Cengage Die education.com mework i Saved View transaction list Journal entry worksheet 1 4 6 7 8 9. 10 cearch 近