unebug's Workshop started their operations in March 2017. Prepare journal entries for the following transactions for the month of March A) Paid $84,000 cash for rent for the following 6 months B) Purchased $300,000 of inventory on credit. C) Sold and invoiced goods to a client for $95,400. The cost of the goods sold was $48,000. D) Paid $90,000 in cash for an advertising campaign that will run over the next two months E) Paid $24,000 in cash for supplies to have on hand F) Collected $60,000 from accounts receivable. At the end of March, the following information is available - adjust some of the previous entries based off of this information G) At the end of March, $19,200 supplies remained on hand. H) Rent paid for transaction A is for a lease that began on March 1.  I) At the end of March, 1/3 of the advertising campaign from transaction D was completed

Journalize the transactions below using a two-column general journal. The April 2014 transactions of Budget Driving Institute owned and managed by Crispin Rosales are listed below: 2 Rosales invested P250,000 cash and P15,000 furniture and fixtures. 4 Two second hand cars were purchased and a 50% down payment of P150,000 made. Issued a promissory note for the balance. 5 Bought office equipment for cash, P12,000. 6 Two student drivers filled up an application form stating, among others, that they were willing to pay P2,000 each for a one-week lesson. 7 Paid P2,000 for gas and oil. 8 Paid P10,000 for an advertisement that was posted along the highway to promote the business. 11 The two student drivers paid in full. 14 Another two student drivers were billed for P4,000 but only one paid in cash. 15 Salaries were paid for the first half of April amounting to P4,500. 19 Ms. Rosales made a cash withdrawal of P1,500. 20 Driving Fees of P7,000 were billed to various clients but only 50% was…

Dream Big Pillow Co., pays 65% of its purchases in the month of purchase, 30% the month after the purchase, and 5% in the second month following the purchase. It made the following purchases at the end of 2017 and the beginning of 2018: Nov. 2017 Dec. 2017 Jan. 2018 Feb. 2018 Mar. 2018 $58,000 $48,000 $33,000 $39,000 $45,000 Given the above purchases, how much cash will be paid in quarter 2018? Cash paid $

A company based in Montreal, Quebec has a cash balance of $15,000 as of June 1. During the month they paid $18,000 on account, $13,000 for wages, and $1,000 for other expense items. The company maintains a minimum cash balance of $10,000. Sales for the firm for April, May, and June are $15,000, $22,000, and $18,750, respectively. The company collects 40% of sales in the month of sale, 50% in the following month, and 10% in the second month following the month of sale. What is the cash surplus or deficit as of June 30, relative to the company's required minimum cash balance?