Which one of the following is a use of cash? Group of answer choices (A).payment to a supplier (B).payment received from a customer on his or her account (C).decrease in accounts receivables (D).sale of common stock (E).sale of inventory to a cash customer

Barnes Books allows for possible bad debts. On May 7, Barnes writes off a customer account of $9,400. On September 9, the customer unexpectedly pays the $9,400 balance.   Record the cash collection on September 9. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

TB MC Qu. 02-148 (Static) Which of the following... Which of the following is not a step in the process to go from transactions and events to the financial statements? Multiple Choice Analyze each transaction and event using the accounting equation. Identify each transaction and event from source documents. Record relevant transactions and events in a journal. Post journal information to ledger accounts. Ensure the cash account balance is reduced to $0 at the end of each period. 21 of 26 Next.

The cash register tape for Larkspur Industries reported sales of $7,146.30. Record the journal entry that would be necessary for each of the following situations. (a) Sales per cash register tape exceeds cash on hand by $52.78. (b) Cash on hand exceeds cash reported by cash register tape by $29.45. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Transactions Account Titles and Explanation Debit Credit (a) Cash 7093.52 Cash Over and Short 52.78 Sales Revenue 7146.30 (b) Cash 7093.52 Sales Revenue 7146.30 Cash Over and Short 29.45

Prepare journal entries to record the November transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit                                                                                         (To record cash deposits on personal bank account)                                                                                             (To open bank account)

Jonathan Harker Soaps Company requires its customers to pay for their orders in advance, one month before the product is shipped to them. How should this collection of cash be recorded by Jonathan Harker Soaps Company? Select one: a. Debit Cash at Bank and Credit a revenue account. O b. Debit Cash at Bank and Credit a Liability account. O c. Debit Cash at Bank and Credit another asset account. O d. Debit Cash at Bank and Credit an expense account.

The cash register tape for Oriole Industries reported sales of $27,662.00. Record the journal entry that would be necessary for each of the following situations. (a) Cash to be accounted for exceeds cash on hand by $45.00. (b) Cash on hand exceeds cash to be accounted for by $20.50. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 52.75.) No. Account Titles and Explanation Debit Credit (a) (b)

Transaction Journal Using the chart of accounts provided on the journal page, journalize the following transactions. Omit journal entry memos. Proper journal formatting is required. Not all accounts provided in the chart of accounts will be used Transferred cash from a personal bank account in exchange for stock, $30,00O. Purchased Supplies on account, $2,000. c Paid Cash for utility use, $5,000. Received Cash from clients on account, $1,000. (hint: NOT new revenue) Paid cash for three months rent in advance, $2,000. Paid cash to creditors on account, $3,000. Received cash from clients for services provided, $6,000. (hint: new revenue) Paid cash dividends to stockholders, $1,000. Purchased S10.000 of Office Equipment by paying $5,000 in Cash and the rest on account.

The balances of the accounts as of June 30 have been recorded in the general ledger. Notice the word Balance in the Item column, the check mark in the Post. Ref. column, and that the amount is in the Balance column only. This indicates a balance brought forward from a prior page or month.2. Post the amounts to the general ledger account for Cash. List the accounts in chronological order. If no amount is required, leave the entry box blank. ACCOUNT Cash ACCOUNT NO. 111     DATE ITEM POST.REF. DEBIT CREDIT BALANCE   DEBIT CREDIT   20--                   June 30 Balance ✓           37,485          July fill in the blank a3ca46fbefa5fa8_1   21 fill in the blank a3ca46fbefa5fa8_2     fill in the blank a3ca46fbefa5fa8_3     fill in the blank a3ca46fbefa5fa8_4     fill in the blank a3ca46fbefa5fa8_5           fill in the blank a3ca46fbefa5fa8_6   21 fill in the blank a3ca46fbefa5fa8_7     fill in the blank a3ca46fbefa5fa8_8     fill in the blank a3ca46fbefa5fa8_9     fill in…

1:53 PM Tue Nov 3 * 96% A ezto.mheducation.com [The following information applies to the questions displayed below.] Oscar's Red Carpet Store maintains a checking account with Academy Bank. Oscar's sells carpet each day but makes bank deposits only once per week. The following provides information from the company's cash ledger for the month ending February 28, 2021. Date Amount No. Date Amount Deposits: 2/4 $ 2,000 Checks: 321 2/2 $4,000 2/11 1,600 322 2/8 450 2/18 2,500 323 2/12 1,800 2/25 3,400 324 2/19 1,500 Cash receipts: 2/26-2/28 900 325 2/27 250 $10,400 326 2/28 750 327 2/28 1,200 Balance on February 1 $ 6,100 $9,950 Receipts 10,400 (9,950) $ 6,550 Disbursements Balance on February 28 Information from February's bank statement and company records reveals the following additional information: a. The ending cash balance recorded in the bank statement is $9,610. b. Cash receipts of $900 from 2/26–2/28 are outstanding. c. Checks 325 and 327 are outstanding. d. The deposit on 2/11…