Entering transaction in the journal

Assignment Help Accounting Basics
Reference no: EM13158475

KMR Company provided repair service of $2,600 to a customer who paid $1,400 and promised to pay the remainder next month. How do i enter this transaction in the journal?

Reference no: EM13158475

Questions Cloud

Decision making in today business environment : Write a 350- to 700-word review of the article. Your review should discuss how the SOX Act may affect ethical decision making in today's business environment, and the criminal penalties for which the act provides.
What average annual inflation rate would a monetarist expect : What average annual inflation rate would a monetarist expect if the Fed maintained a growth rate of M2 = 10% per year for a three year period?
Determine wilma taxable income : Wilma is a widow, age 80 and blind, who is claimed as a dependent by her son. During 2009, she received $4,800 in Social Security benefits, $2,200 in bank interest, and $1,800 in cash dividends from stocks. Wilma's taxable income for 2009 is:
Database containing student info : Create a database containing student info (name, age, ect.).Find a way to allow the user to search the database using a students name and allowing them to delete that students information.Use binary input/output to take the input from the user for th..
Entering transaction in the journal : KMR Company provided repair service of $2,600 to a customer who paid $1,400 and promised to pay the remainder next month. How do i enter this transaction in the journal?
Comparative study-traditional chinese and western medicine : This paper at first makes a comparative study of the two different paradigms of Traditional Chinese Medicine (TCM) and Western medicine. The author holds that there are four essential differences between the two paradigms:
Knowledge of goodness : Take a position of Socrates' claim that knowledge of goodness is necessary to leading a "good" life, and that no one ever voluntarily chooses evil. Support your position with examples.
Why are you normally required to bind a service : What steps need to be taken by a network service to be ready to receive TCP/IP connections? Why are you normally required to bind a service to a specific port?
What is the total cost of producing units : A firm has a fixed cost of $200 in its first year of operation. When the firm produces 99 units of output, its total costs are $4,000. The marginal cost of producing the 100th unit of output is $700. What is the total cost of producing 100 units?

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