Reference no: EM132494241
Question 1. Analyze each transaction below and record it in the general journal.
Question 2. Post the transactions for the general ledger accounts.
Point 1: 21 Issued Cheque 1012 for $1,390 to pay for maintenance work on the office equipment.
Point 2: 22 Issued Cheque 1013 for $164 to pay for October advertisements in the local newspaper.
Point 3: 23 Received the monthly telephone bill (current month usage) for $234 and paid it with Cheque 1014.
Point 4: 30 Issued Cheque 1023 for $415 to pay for cleaning services (i.e. Maintenance Expense) for the month.
Point 5: 30 Purchased additional equipment for $6,000 from Master Equipment Company; issued Cheque 1024 for $1,300 and negotiated a loan (i.e. Note Payable) for the remainder. The equipment has a five-year life and no salvage value.
Point 6: 30 Received advance payment for tax work for new clients in the amount of $2,725.
Point 7: 30 Provided services for $545 in cash and $325 on credit on October 30.
|
Why should nonprofit organizations be exempt
: Why should nonprofit organizations be exempt from paying property taxes? Don't they benefit just as much from local services just as much as proprietary busines
|
|
What was the selling price per share
: Calculate the Number of shares outstanding assuming that the company declares a 100 % stock dividend when the market price is $22 per share
|
|
What is agw asset beta
: Austin Gas and water (AGW) currently operates with a debt to value ratio of LaTeX: frac{D}{V_L}=.60D V L = .60, and the rate of return on debt is LaTeX:
|
|
How does real estate financing affect the residential
: Financing is closely related to the real estate industry. How does Real Estate Financing affect the residential real estate industry in the state of California?
|
|
Post the transactions for the general ledger accounts.
: Post the transactions for the general ledger accounts. Analyze each transaction below and record it in the general journal. Issued Cheque 1012 for $1,390
|
|
How much loss on purchase commitment will Slam recognize
: On July 10, 2018, Slam Corporation signed a commitment to purchase inventory for $300,000. How much loss on purchase commitment will Slam recognize
|
|
What are the causes of corporate financial scandals
: What are the causes of corporate financial scandals? What kinds of things should owners and directors do to protect all stakeholders
|
|
How long do have to wait before first payment
: How long (in years, round to two decimal places) do you have to wait before your first payment? The bank offers you an investment plan
|
|
What is the Belgrades bad debt expense
: Allowance for uncollectible accounts, Jan. 1, 2016: 8,000 credit and Credit sales during 2016: 1,000,000. What is the Belgrade's bad debt expense for 2016
|