User Account

All Pages

Journalize the transactions

Assignment Help Accounting Basics
Reference no: EM132632485

Question - Selected transactions for Blue Spruce Company during its first month in business are presented below.

Sept. 1 Invested $10,000 cash in the business.

Sept. 5 Purchased equipment for $13,000 paying $5,300 in cash and the balance on account.

Sept. 25 Paid $2,600 cash on balance owed for equipment.

Sept. 30 Withdrew $600 cash for personal use.

Spruce's chart of accounts shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 301 Owner's Capital, and No. 306 Owner's Drawings.

Required - Journalize the transactions.

Reference no: EM132632485

Questions Cloud

How do prepare the company planning budget for april : Sund Corporation bases its budgets on the activity measure, Prepare the company's planning budget for April. What is the net operating income?
Regarding oversight of risk management policies : What is a health care organization's administrative role regarding oversight of risk management policies and ensuring compliance with managed care organization
What is the amount of the payment made : Your company is planning to borrow R500 000 on a 5-year, 7%, annual payment, fully amortized term loan. What is the amount of the payment made
What is efa dividend per share : If the expected rate of return on its equity is 6% and a fair IPO price is $84 per share, what is EFA's dividend per share?
Journalize the transactions : Question - Selected transactions for Blue Spruce Company during its first month in business are presented below. Journalize the transactions
Assess the need to adjust interpersonal style : How do you assess the need to adjust your interpersonal style to effectively communicate with different types of clients?
What was the variable overhead rate variance for the month : What was the variable overhead efficiency variance for the month? What was the variable overhead rate variance for the month?
What is the predetermined overhead rate for the denominator : Kingdon Corporation manufacturing overhead includes $7.10, What is the predetermined overhead rate for the denominator level of activity of 4,600 machine-hours?
Deoxyribonucleic acid profiling is laboratory method : Deoxyribonucleic acid profiling is laboratory method used by forensic scientists to determine identification of individuals by their unique DNA signature

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