User Account

All Pages

Post the transactions to t-accounts

Assignment Help Accounting Basics
Reference no: EM131642788

Question - Selected transactions from the journal of Metlock, Inc. during its first month of operations are presented here.

Date Account Titles Debit Credit Aug.

1 Cash 7,300  Common Stock 7,300

10 Cash 1,400  Service Revenue 1,400

12 Equipment 6,000  Cash 1,090  Notes Payable 4,910

25 Accounts Receivable 2,780  Service Revenue 2,780

31 Cash 510  Accounts Receivable 510

Post the transactions to T-accounts.

Reference no: EM131642788

Questions Cloud

What types of products are best suited for selling on web : What types of products are best suited for selling on the Web? The heart of the cash budget is the ________ forecast.
Identify the word or words that you would like to use : The purpose of this exercise is to learn how to obtain Internet domain name for business. Identify word or words that you would like to use as your domain name.
What about the perception of crime : Has crime increased or declined since the decade of the 1990's in the state of California? What about the perception of crime?
How can you improve your leadership style : Explain your greatest strength, explain your major weakness and how can you improve your leadership style?
Post the transactions to t-accounts : Selected transactions from the journal of Metlock, Inc. during its first month of operations are presented here. Post the transactions to T-accounts
Explain how the trademark will help your business : Explain how the trademark will help your business. What will the trademark protect? How will you enhance the value of the trademark?
The grapevine in most organizations : Porter’s Five Forces Framework suggests which of the following? The grapevine in most organizations is:
Process technologies are the machines-equipment and devices : Process technologies are the machines,equipment and devices that create and or deliver products and services.
Determine how to maneuver through the different menus : Was it difficult to learn all of the commands and determine how to maneuver through the different menus? Why or why not?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Bevil industries is planning on purchasing a new piece of

nbspthe companys contributbevil industries is planning on purchasing a new piece of equipment that will increase the

  The companys management would like to hold its fixed costs

express delivery is a rapidly growing delivery service. last year 81 of its revenue came from the delivery of mailing

  Assuming that 50 million of cost of sales was due to non

1.what is the campanys revenue recongnition policy?2.assuming that 50 million of cost of sales was due to non inventory

  Identify and briefly discuss the fundamental characteristic

Identify and briefly discuss the fundamental characteristic that distinguishes RAM from ROM memory.

  Formula for calculating the adjusted basis of property

Identify and describe the general formula for calculating the adjusted basis of property.

  Inventory count of supplies in the storeroom

During the year, supplies purchased were debited to the supplies inventory account in the amount of $6,500. On December 31, 2009, the inventory count of supplies in the storeroom was $1,750. Give the adjusting entry required at December 31, 2009.

  Write a brief report to julie and katy

ACC506 - Write a brief report to Julie and Katy commenting on the financial performance of the business and calculate and provide a cash flow statement for the first month of trading.

  Kr sales had 1200000 in sales last month the variable cost

kr sales had 1200000 in sales last month. the variable cost ratio was 60 and operating profits were 80000. what is krs

  If fixed costs are 600000 and the unit contribution margin

if fixed costs are 600000 and the unit contribution margin is 12 what amount of units must be sold in order to realize

  Formulation phase of policymaking in general terms

Discuss the formulation phase of policymaking in general terms. Discuss the agenda setting as the confluence of three streams of activities. Include the concept of a window of opportunity for legislation development in your answer.

  Create the journal entries for both funds

The premium is transferred to the debt service fund. Create the journal entries for both funds

  Prepare an income statement for the year ended december 31

Prepare an income statement for the year ended December 31. Prepare a retained earnings statement for the year ended December 31. Prepare a balance sheet as of December 31. Based upon the end-of-period spreadsheet, journalize the closing entries. Pre..

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