Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Incredible Sounds is a wholesale business that sells musical instruments. Transactions involving sales and cash receipts for the firm during April 2016 follow. The firm sells its merchandise for cash and on open account. During April, Incredible Sounds engaged in the following transactions: Instructions: Instructions: Open the general ledger accounts and accounts receivable ledger accounts indicated below.
Record the transactions listed above in the general journal. Use page 1 as the page number. Post the entries from the general journal to the appropriate accounts in the general ledger and in the accounts receivable ledger. Prepare a schedule of accounts receivable. Compare the balance of the Accounts Receivable control account with the total of the schedule.
General Ledger Accounts 101 Cash ($27,400 Debit) 111 Accounts Receivable ($4,300 Debit) 114 Merchandise Inventory ($35,275 Debit) 401 Sales 421 Sales Returns and Allowances 452 Sales Discounts 501 Cost of Goods Sold Accounts Receivable Ledger Accounts Alto Music Center Country Tunes Hawk Music Center Modern Sounds Music Supply Store ($2,000 Debit) Music Warehouse Oldies Sounds ($2,300 Debit)
Compute Marie's taxable income for 2008, assuming she is single and claims two dependent children. Her adjusted gross income is $70,000 and she has itemized deductions of $9,000.
Describe situations where you have effectively demonstrated each of the forms of communication mentioned. What did you do to help you communicate effectively?
what would you pay for the following bond coupon 8 required yield 5 over the risk-free rate remaining term 12 years. at
two months of activity and cost of cleaningmtnce are production volume for month one is 4000 units and month two 4700
Cloud computing in which applications such as word processing and spreadsheet analysis are delivered over the Internet is becoming more popular
The surplus is deposited at the end of the year (so the first deposit is made 1 year after time 0, and the end of year one).
jack sawyer is presently leasing a copier from john office equipment company. the lease requires 11 annual payments of
carmen began operations in 2013. the following selected transactions occurred from september 2013 through march 2014.
What was the net income for the year
how would you make a journal entry for aber sold 450000 cash inventory which cost 250000. aber also collected 27000
Prepare a cost of production summary for each department for the month - Berg Products manufactures one product in two departments on a continuous basis and uses the average method of process cost accounting.
Lopez Company began operations on January 1, 2010, and it estimates uncollectible accounts using the allowance method. During its first two years, the company completed a number of transactions involving sales on credit, accounts receivable collectio..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd