Journal entry to record independent transaction

Assignment Help Accounting Basics
Reference no: EM1357344

Prepare the journal entry to record each of the following independent transaction. (Use the number of the transaction in lieu of a date for identification purposes.)

1. Services provided on account of $1,530

2. Purchase of supplies on account for $1,365

3. Service provided for cash $750

4. Purchase of equipment for cash of $4,240

5. Issuance of a promissory note for $2,500

6. Collections on account for $890

7. Sale of capital stock in exchange foa parcel of land is appraised at $50,00

8. Payment of $4,000 in salaries and wages

9. Payment of open account in the amount of $500

Reference no: EM1357344

Questions Cloud

How do these traits vary between cultures : How do these traits vary between cultures and how can leaders who lead in an international context deal with multicultural perceptions? Give specific examples.
Explain the fixed order quantity reorder point p : Explain the fixed order quantity reorder point p safety stock technique is best utilized to plan the demand for products
Find the amount of installments : Sammy Sosa offers to buy Mark Grace's used snowmobile for $8,000, payable in five equal installments, which are to include 8.25 percent interest on the unpaid balance and a portion of the principal.
Effective treatment of panic disorder : Cognitive-Behavioral Therapy (CBT) along with psychopharmocotherapy (medication) as effective treatment of Panic Disorder.
Journal entry to record independent transaction : Prepare the journal entry to record each of the following independent transaction. (Use the number of the transaction in lieu of a date for identification purposes.)
How much time did it take to go around the moon once : A 50 kg ballet dancer stands on her toes during a performance with four square inches (26.0 cm2) in contact with the floor. What is the pressure exerted by the floor over the area of contact (a) if the dancer is stationary and (b) if dancer is lea..
Ways that hr leaders can build culture in an environment : Show the ways that HR leaders can build culture in an environment -  The purpose of this environment is to capture the talents, skills, and knowledge of all employees.
How macroenvironment affect individual firms : Changes in the macroenvironment affect individual firms and industry through the microeconomic factors of demand, production, cost and profitability.
Journal entry of petty cash : A company established a petty cash fund of $100 on September 1. On September 15, the petty cash fund was increased to $125 in total. Record the above transactions in general journal form.

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