Reference no: EM13762023
Problem: On September 1, 2012 the account balances of Moore Equipment Repair were as follows:
|
No.
|
Debit
|
|
|
101
|
Cash
|
$4,880
|
|
112
|
Accounts receivable
|
3,520
|
|
126
|
Supplies
|
2,000
|
|
153
|
Equipment
|
15,000
|
|
|
|
$25,400
|
|
No.
|
Credits
|
|
|
154
|
Accumulated depreciation-Equipment
|
$1,500
|
|
201
|
Accounts Payable
|
3,400
|
|
209
|
Unearned Service Revenue
|
1,400
|
|
212
|
Salaries and Wages Payable
|
500
|
|
301
|
Owner's Capital
|
18,600
|
|
|
|
$25,400
|
During September, the following summary transaction was completed.
Sept. 8: Paid $1,400 for salaries due employees, of which $900 is for September.
10: Received $1,200 cash from customers on accounts.
12: Received $3,400 cash for services performed in September
15: Purchased store equipment on account $3,000.
17: Purchased supplies on account $1,200.
20: Paid creditors $4,500 on account.
22: Paid September rent $500.
25: Paid salaries $1,250.
27: Performed services on account and billed customers for services provided $2,100.
29: Received $650 from customer for future services.
Adjustment data consist of:
1. Supplies on hand $1,300.
2. Accrued salaries payable $300.
3. Depreciation is $100 per month.
4. Unearned service revenue of $1,450 in earned.
Instructions:
(a) Enter the September 1 balances in the ledger accounts.
(b) Journalize the September transaction.
(c) Post to the ledger accounts. Use J1 for the posting reference. Use the following additional counts: No. 407 Services Revenue, No. 615 Depreciation Expenses, No. 631 Supplies Exp No. 726 Salaries and Wages Expense, and No. 729 Rent Expense.
|
Explain professional networking opportunities
: A discussion on professional networking opportunities
|
|
Flowcharting and data-flow diagrams
: Your supervisor has just finished taking a college course in which she learned about flowcharting and data-flow diagrams.
|
|
Techniques on business computing center
: Imagine that you are the manager of a small business computing center. List at least three techniques that you would use to convince a busy, reluctant night operator to perform regular backups. Explain the best and worst possible technique to assu..
|
|
Economical than a comprehensive analysis
: Incremental analysis is considered to be more economical than a comprehensive analysis, while being just as effective. Do you agree or disagree?
|
|
Balances in the ledger accounts
: Enter the September 1 balances in the ledger accounts. Journalize the September transaction.
|
|
Calculate the annual expected monetary value
: Calculate the annual expected monetary value (EMV) of breakdowns by the steam engine on Enrico's ship and calculate the $ annual EMV of total destruction of the steam ship from sinking or by shipwreck.
|
|
Explain policies and resource that support homeless children
: Compare and contrast policies and resources that support homeless children and families from two different cities, New York and Chicago.
|
|
Program using an array
: The array contains the hours worked for 5 employees. These hours are entered by the user. All employees earn the same hourly wage. The program will calculate the gross pay for each employee.
|
|
Development of an hr system
: Define the business requirements for the development of an HR system to support the objective of this request. Create a detailed system design and a project implementation plan required to complete the project.
|