User Account

All Pages

Journalize the business transaction

Assignment Help Accounting Basics
Reference no: EM132765721

Question: 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.

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

Reference no: EM132765721

Questions Cloud

Describe briefly each of the given theories : Theoretical Implications of Various Theories of Equity The proprietary theory, the entity theory, and the funds theory are three approaches to accounting.
What has been happening in each step of this situation : As you are hurrying around, you get a splinter in your hand. You pull it out, but later that night your finger becomes swollen and red.
Compute the depreciation charge : The Sakura Co. purchased a machine on January 1, 2016. The machine cost $695,000. Compute the depreciation charge
How does natural selection lead to adaptation of populations : How does natural selection lead to adaptation of populations?
Journalize the business transaction : After operating for a couple of weeks, Jonathan Wen's business completed the following transaction during the latter part of September.
Compute the shop monthly break-even sales revenue : The takeaway shop's monthly fixed expenses are $5 000. The selling price of a takeaway box is $12, Compute the shop monthly break-even sales revenue
Define what is the net present value of the investment : A Store is considering conducting an immediate advertising campaign in order to increase sales of one of its more popular products. The marketing department.
What is b inc minimum taxable income for the current year : Registered charity during the year. B Inc. has net capital losses of $6,000 incurred last year. What is B Inc.'s minimum taxable income for the current year?
What total manufacturing costs added during the period is : Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing costs added during the period is

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