Complete the journal entries for all transactions through

Assignment Help Accounting Basics
Reference no: EM13970125


Complete the Journal entries for all transactions through the year  

1. Dec. 1st - a new company Is formed called "Lawn Darter, Inc." $10,000 cash is contributed to the start-up in exchange for common stock.
2. Dec. 1st - $1,500 was paid for 3 months' rent in advance
3. Dec. Sit - a $2,400 riding lawn mower was purchased in cash. This piece of equipment was determined to have a 2 year (24 month) usable lifespan.
4. Dec. 8th - $400 of supplies were purchased on account and paid in cash 30 days later. 
5. Dec. 10th - lawn service job was performed and payment was $1,250 in cash 
6. Dec. 12th - a customer paid $1,400 in cash for lawn service to be performed Jan. 10th
7. Dec. 15th - lawn service job was performed and payment was $1,100 in cash
8. Dec. 17th - lawn service job was performed and payment was $750 on account, paid in cash 30 days later.
9. Dec. 20th - lawn service job was performed and payment was $1,800 in cash 

Reference no: EM13970125

Questions Cloud

What is the significance of the guardian spirit : What is the significance of the "guardian spirit" among the native peoples of the Northwest Coast?
Find the mean and variance of the average velocity : Find the mean and variance of the average velocity of the particles and what is the probability that the average velocity is ≥ 10-9 cm/sec?
Determine the nature of the complaint : The complaint letter is both written inappropriately and makes unreasonable requests surrounding the complaint. You must respond to this customer with "bad news," denying their requests diplomatically
What type of art be identified by geometrical abstraction : What type of art can be identified by geometrical abstraction and based on the idea that there is no hidden meaning behind the work?
Complete the journal entries for all transactions through : Complete the Journal entries for all transactions through the year. Dec. 1st - a new company Is formed called "Lawn Darter, Inc." $10,000 cash is contributed to the start-up in exchange for common stock. Dec. 1st - $1,500 was paid for 3 months' rent ..
How does eugène delacroix express the romantic ideals : How does Eugène Delacroix express the Romantic ideals of individual freedom and autonomy through his painting, Liberty Leading the People
Define instantaneous monitoring, integrated monitoring etc : List the factors that affect risk perception in the workplace. How can an industrial hygienist determine how much risk is acceptable?
How well does the normal density fit your bar graph : plot on the same graph the density φ(x) = normal (x, µ(S25), σ(S25)). How well does the normal density fit your bar graph in each case?
Who explored and conquered the americas : Using the documents determine why was it Europe, and not anyone else, who explored and conquered the Americas?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd