How would Reha record these transactions

Assignment Help Accounting Basics
Reference no: EM132620808

Question - PB&J Cafe has the following transactions that need to be recorded:

On April 7, 2019, $250 for peanuts the cafe purchased from The Peanut Gallery to make its patented peanut butter.

On April 30, 2019 $375 For Rover's Sake paid for catering a corporate event.

Required - How would Reha record these transactions in the general journals for these accounts? Why does she need to keep separate general journals for each account?

Reference no: EM132620808

Questions Cloud

Would recommend proceeding with investment : Based on Charge Car's required rate of return would you recommend proceeding with this investment? Present all calculations to support your answer.
Develop a grammar lesson plan using the p-p-p model : Develop a grammar lesson plan using the P-P-P model of the Communicative Approach - demonstrate your ability to apply theory into practice in all stages
Selections by providing specific business examples : Justify your selections by providing specific business examples that support your ideas.
Describe principle of autonomy to the highest place : The four principles, especially in the context of bioethics in the United States, has often been critiqued for raising the principle of autonomy to the highest.
How would Reha record these transactions : How would Reha record these transactions in the general journals for these accounts? Why does she need to keep separate general journals for each account
Define how coalitions help advance the goals : Discuss the role of state-based action coalitions. Explain how these coalitions help advance the goals specified in the IOM report, "Future of Nursing: Leading"
Which the major purpose of post-closing trial balance is to : Which the major purpose of a post-closing trial balance is to? Confirm that the ledger is in balance at the start of the new accounting period
Examine nursing practice environment using given information : The first step of the evidence-based practice process is to evaluate a nursing practice environment to identify a nursing problem in the clinical area.
Which of the items would not give rise to such a credit : The capital account of a sole trader was credited with $5,000. Which of the items would not give rise to such a credit? The business earned a profit of $5,000.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Can we claim her on our taxes

We pay the rest of her living expenses and she does not contribute to the household expenses. Can we claim her on our taxes? If so, what effect would it have?

  How is the book value of accounts receivable calculated

Why is an uncollectible account recorded as an expense rather than a reduction in revenue?

  Question regarding the enterprise resource planning

Reflect on the readings for this module as well as those from previous modules when you consider this module's discussion question. In your response, take into account the time constraints on modern businesses in terms of time to market and demand..

  What is Josephus AMT liability

Josephus, an unmarried taxpayer filing single with no dependents, has AGI of $200,000, What is Josephus's AMT liability for 2015

  Project on the complete accounting cycle

All of the Information you need for the Project is located in this Workbook.There are 10 Sheets in the Workbook including this one.

  Foam pet mattress company can sell as many pet bed models a

foam pet mattress company can sell as many pet bed models a and b that it can produce but the company has limited

  Compute the total cost per unit at a production level

company manufactures a product that sells for 1.75 per unit. management recently finished analyzing the results of the

  Santana rey is considering the purchase of equipment for

santana rey is considering the purchase of equipment for business solutions that would allow the company to add a new

  Make the journal entries for the repurchase of the bonds

The carrying value at the time of repurchase was 10,230,000. Make the journal entries for the repurchase of the bonds

  What is the effective interest method of amortization

What is the effective interest method of amortization, and how is it different from or similar to the straight-line method of amortization?

  What is the profitability of unfocused books

What is the profitability of Unfocused Books' three departments and what recommendations would you make to the owners

  Discuss the process was streamlined and within government

A research and development team of chemical engineers was on staff to ensure that the process was streamlined and within government

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