Solution-Post the transactions using the standard account

Post the transactions using the standard account form

Reference no: EM13546162

Selected transactions for Roberta Garza Company during its fi rst month in business are presented below.

Sept.	1	Invested $10,000 cash in the business.
	5	Purchased equipment for $12,000 paying $4,000 in cash and the balance on account.
	25	Paid $3,000 cash on balance owed for equipment.
	30	Withdrew $700 cash for personal use.

Garza's chart of accounts shows: No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 301 Owner's Capital, and No. 306 Owner's Drawings.

Instructions

(a) Journalize the transactions on page J1 of the journal. (Omit explanations.)

(b) Post the transactions using the standard account form.

Reference no: EM13546162

Questions Cloud

Calculate what is the speed of the electron : An electron has a momentum that is two times larger than its classical momentum. Find the speed of the electron

Explain the lewis structure for -ch2cn : The lewis structure for -CH2CN (that should be a superscripted negative sign to the left of the 1st C)

Find the distance between the two spectrum lines : Light of two wavelengths, ? = 520 nm and ?' = 550 nm falls normally on a diffraction grating having 3500 lines/cm. Determine the distance between the two spectrum lines in the first order. Repeat for the second order

Explain br2 and icl have the same number of electrons : The compounds Br2 and ICl have the same number of electrons yet Br2 melts at -7.2 C and ICl melts at 27.2 C

Post the transactions using the standard account form : Journalize the transactions on page J1 of the journal and post the transactions using the standard account form.

Calculate what is the frequency of vibration : A string of length 0.276 m is fixed at both ends. The string is plucked and a standing wave is set up that is vibrating at its second harmonic. What is the frequency of vibration

Compute the depreciation cost per unit : Compute the depreciation cost per unit - prepare a depreciation schedule assuming actual mileage was: 2008, 24,000; 2009, 36,000; 2010, 20,000; and 2011, 20,000.

Explain group of different concentrations of a metallic ion : When using a spectrophotometer to determine absorbtivity of a group of different concentrations of a metallic ion, what is the reason for choosing a certain wavelength in nm

Compute what is the period of the motion : A 30.0- kg child swings on a playground swing 3.3 m long. What is the period of her motion, what is the period of the motion

User Account

All Pages

Post the transactions using the standard account form

Reference no: EM13546162

Reference no: EM13546162

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT