XYZ Company provides tree trimming services.  They cut down 3 trees in a yard and collected $2500 cash.  The journal entry would include: Group of answer choices Credit to revenues of $2500 Credit to cash of $2500 Debit to accounts receivable of $2500.

Record the following transactions for the month of June 20X1 in the cash receipts journal. Total, prove, and rule the cash receipts journal as of June 30. June 4 Collected $1,150 from Tom Whitney, a credit customer on account. 9 Received a cash refund of $105 for damaged supplies. 10 Laurie Bradley, the owner, invested an additional $14,500 cash in the business. 21 Received a check from Scott White to pay his $2,300 promissory note plus interest of $127. 26 Received $2,000 for cash sales of plus sales tax of $122. There was a cash overage of $19. Date June 4, 20X1 June 9, 20X1 June 10, 20X1 June 21, 20X1 June 26, 20X1 June 30, 20X1 Description Tom Whitney Cash refund Investment Collect note Scott White Cash sales Totals CASH RECEIPTS JOURNAL Accounts Receivable Credit 1,150 14,500 2,300 Sales Tax Payable Credit $ 17,950 $ 105 122 227 Sales Credit Other Accounts Credit $ 1,859 Account Title Laurie Bradley, Capital Supplies Laurie Bradley, Capital Notes receivable Interest income 1,859…

In November, Year 2, your accounting firm placed a one-time website advertisement with Today's CPA.  This is your first ad with this vendor.  You pay for the one-time advertising with your company's Citibank Visa credit card.   Below is the transaction you completed for this purchase.  If you run the report Transaction List by Vendor, for all dates, what dollar amount will appear under the vendor Today's CPA?   Why? Teacher Feedback:  was the expense form completed properly?

*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?

Travel Planners, Incorporated borrowed $5,000 from First State Bank and signed a promissory note. What entry should Travel Planners record when the note is repaid?