User Account

All Pages

How do journalize the business transaction

Assignment Help Accounting Basics
Reference no: EM132704657

After operating for a couple of weeks, Jonathan Wen's business completed the following transaction during the latter part of September:

Sept. 22 performed services for clients on account ,$6,000
Sept 30 Received cash on account from clients $4,500
Sept. 30 Received an internet bill,$150,which will paid during November.
Sept 30 Paid cash for advertising expense of $900
Sept 30 Paid cash for monthly salary to his assistant, $3,900.

Problem 1: Journalize the business transaction. Included an explanation with each journal entry.

Reference no: EM132704657

Questions Cloud

Discuss what is the appropriate accounting treatment : What is the appropriate accounting treatment if the company stops development of the software before it is complete? For example
Counterterrorism agency on type of technology : Your team works for a technology company and are making a proposal to the local counterterrorism agency on the type of technology
Identify factors that contributed to the result : Identify all the factors that contributed to the result (either success or failure). What actions can be taken before, during, and after a training program.
Describe the emergence of new media : Describe the emergence of New Media (internet and mobile devices) in the increase of political communication.
How do journalize the business transaction : Sept. 30 Received an internet bill,$150,which will paid during November. Journalize the business transaction. Included an explanation with each journal entry.
Counterterrorism agency on type of technology : Your team works for a technology company and are making a proposal to the local counterterrorism agency on the type of technology
Prepare the lessee journal entries at the beginning of lease : Prepare the lessee's journal entries at the beginning of the lease, the first lease payment at December 31, 2021 and the second lease payment at December
Which should be used to record the value of the land : Sally Jones acquired 5,000 shares of $5 par value stock, Which should be used to record the value of the land on the company's books?
Examples of contemporary events : In order to do this you will provide at least three examples of contemporary events that are somehow related to the U.S. Constitution

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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