User Account

All Pages

Post the entries to the cash account of the general ledger

Assignment Help Accounting Basics
Reference no: EM132599209

For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance.

Debit Effect Credit Effect Normal Balance

(a) Accounts Payable

(b) Advertising Expense

(c) Service Revenue

(d) Accounts Receivable

(e) Retained Earnings

(f) Dividends

Joel Blocker recorded the following transactions during the month of April.

Apr. 3 Cash 1,970

Service Revenue 1,970

16 Rent Expense 410

Cash 410

20 Salaries and Wages Expense 450

Cash 450

Question 1: Post these entries to the Cash account of the general ledger to determine the ending balance in cash. The beginning balance in cash on April 1 was $3,370. (Post entries in the order of journal entries presented in the question.)

Reference no: EM132599209

Questions Cloud

Hit the ball and the moment the fan hears the sound : A baseball fan sitting in the "cheap seats" is d = 161 m from home plate (see the figure below).
Journalize the transactions for foyle architects : Post to the ledger T-accounts. Foyle Architects incorporated as licensed architects on April 1, 2014. During the first month of the operation
Construct the internal circuit : Construct the internal circuit of 1 x 16encoder. (By using logic gates only)
Calculate the emf of the dry cell : A standard cell of 1.2V gives gives a balance point at 60.2cm and a dry cell gives a balance point at 83.2cm. Calculate the emf of the dry cell.
Post the entries to the cash account of the general ledger : Post the entries to the Cash account of the general ledger to determine the ending balance in cash. The beginning balance in cash on April 1 was $3,370.
Estimate the rate of heat loss per metre length of pipe : Estimate the rate of heat loss per metre length of pipe if the temperature inside the pipe is 550K and the outside surface temperature is 330K.
Size of the smallest feature observable in human tissue : What is the size of the smallest feature observable in human tissue when examined with 15-MHz ultrasound? The speed of sound in human tissue is 1,540 m/s.
Journalize the transactions for home place : Journalize the transactions for Home Place. Received $1,730 cash from customers billed in transaction. Purchased used car for $10,150 cash for use in business.
Average height of a person : What frequency of sound traveling in air at 20°C has a wavelength equal to 1.7 m, the average height of a person?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the total dollar amount credited to additional paid

The par value of all common stock is $10. What is the total dollar amount credited to additional paid in capital - common stock on August 1, 2018

  He is convinced that regardless whether the company can

the charlotte facility s supply of recycled materials may no longer support three product lines. in addition the

  Review the precision machines document and spreadsheet

Review the "Precision Machines" document and spreadsheet. Prepare a cash budget for Precision Machines in Microsoft Excel.

  Write a research memo on the given problem

Research and locate the relevant professional authorities, and determine whether there is any colorable authority in the law that prohibits such a relationship.

  Determining the test of executive aptitude

Your company's Human Resources department administers a test of "Executive Aptitude." They report test grades as z-scores, and you got a score of 2.20. What does this mean?

  Determine the inventory cost by the average cost method

There are 11 units of the product in the physical inventory at November 30. Determine the inventory cost by the average cost method

  Equivalent units produced of direct material

Assume this company uses the FIFO method of process costing and direct material is added uniformly throughout the process. What are the equivalent units produced of direct material?

  What is the estimated NPV of the annuity investment

According to Smith's calculations, If Smith's cost of capital is 10 percent, what is the estimated NPV of the annuity investment

  Internal rate of return of an investment

Using the tables above, what would be the internal rate of return of an investment of $210,600 that would generate an annual cash inflow of $50,000 for the next 5 years?

  Compute net purchases and net sales

Assume you are opening a Bed Bath & Beyond store. To Finance the business, you need a $500,000 loan, and your banker requires a set of forecasted financial statements. Assume you are preparing the statements and must make some decisions about ho..

  Should crystal clear buy the new production equipment

Assuming the same sales mix, at what total sales level would Crystal Clear be indifferent between using the old equipment and buying the new production.

  The company also collected accounts receivable of 53400 and

during 2011 lavina corporation had cash and credit sales of 94000 and 91000 respectively. the company also collected

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