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

  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