Journalize the transactions into the general journal

Assignment Help Accounting Basics
Reference no: EM132610669

Question 1: Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entry accounting system.

April 16 Hughes Company receives $4,000 payment from a customer on account.

August 1 Hughes Company pays $2,400 of monthly salaries.

Reference no: EM132610669

Questions Cloud

What is the resonant frequency of an rlc series : 1) What is the resonant frequency of an RLC series circuit with R = 47 O, L = 22 mH, and C= 33nF?
What describes each attribute in a database : What describes each attribute in a database? composite primary key./ descriptive attributes./ data dictionary./none of the above
Find the total capacitance for three capacitors : 1) Find the total capacitance for three capacitors connected in series, given their individual capacitances are 1.0µF, 4.7µF, and 100 nF.
Determine what the amount of applied overhead is : The cost sheet of the only job still in process shows direct material cost of $1,640 and DL cost of $880. Therefore, the amount of applied overhead is?
Journalize the transactions into the general journal : Journalize the transactions into the general journal in accordance with the rules of Journalizing, and the Double-entry accounting system.
Find what is the company plantwide oh rate : Mangini Company's estimated amounts for next year. What is the company's plantwide OH rate if machine hours are the allocation base?
What is the approximate overhead cost per unit of product : Annual production and sales level of Product B2 is 22,410 units. What is the approximate overhead cost per unit of Product A1 under activity-based costing?
Briefly discuss the features of chosen costing system : Briefly discuss the features of your chosen costing system. Discuss two potential uses of the cost information for decision -making
How do compute the estimated manufacturing overhead cost : Tarnish industries uses departmental overhead rates, Compute the estimated manufacturing overhead cost for the molding department

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare entries to record issuance of bonds

Prepare entries to record issuance of bonds, interest accrual, and straight-line amortization for 2 years Fernetti Company sold $6,000,000

  On january 1 2004 st street corporation issued 100000 of

on january 1 2004 st. street corporation issued 100000 of ten-year bonds that pay 8 annually on december 31. at the

  Tamar co manufactures a single product in one department

tamar co. manufactures a single product in one department. all direct materials are added at the beginning of the

  Determine the number of days in inventory

Accounts Receivable 56,000 52,000 and Inventory 46,000 34,000. Use this information to determine the number of days in inventory for 2018

  What are is savings in the first year

Terry's 5-year-old Nissan Murano requires repairs estimated a $2,000 to make it roadworthy again. What should Terry do? What are is savings in the first year

  Proposals using zero-base budgeting

Which of the following is true when ranking proposals using zero-base budgeting?

  A corporation consists of 25000 shares of 100 par value

a corporation has 25000 shares of 100 par value stock outstanding. if the corporation issues a 2-for-1 split or a 100

  Identify the accounts that would be included

Using the data in BE4-12, identify the accounts that would be included in a post-closing trial balance.

  Describe the history and status of the issue

Describe the history and status of the issue and provide an overview of the problem(s) that need to be addressed

  Give the lease account for the first four years

On 1st January, 1958, the Argos Co. purchased a lease for £10,000. The lease was for 20 years. It was decided to use the Annuity method of amortisation taking.

  What is the amount of deferred revenue to be reported

On December 31, 2017, Ivanhoe Inc. sold computer equipment to Daniell Co., What is the amount of deferred revenue to be reported?

  Ethics and law presentation

Ethics and Law Presentation

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