Prepare Journal Entries and General Ledger

Assignment Help Accounting Basics
Reference no: EM132639192

Question - Please assist me in following question:

These are the transactions , All information is included.

1. JC ENTERPRISE SOLD MERCHANDISE FOR $120000.00

2. PURCHASE FOODS FOR $71000.00

3. PAID RENT $12000.00

4. PAID SALARY $ 3000.00

5. PAID UTILITIES EXPENSE $ 5000.00

6. PAID ADVERTISING EXPENSE $2000.00

7. PAID TRANSPORTATION EXPENSE $ 1200.00

8. PURCHASE SUPPLIES ON ACCOUNT $ 750.00

Required - Prepare Journal Entries, General Ledger, trial balance Income Statement and Balance Sheet?

Reference no: EM132639192

Questions Cloud

What are some goals you have set for yourself : What are some goals you have set for yourself? Reflect on your own self-discipline and critical thinking habits. What are some changes you have made over.
What adjustments to the pricing strategy would recommend : What adjustments to the pricing strategy (or product strategy) would you recommend in relation to the product or service that failed to provide good value?
Find out goodwill by capitalization method : Average Capital employed is Rs. 3,80,000. Normal rate of return is 10%p.a. Find out goodwill by capitalization method
Corporate it security audit compliance : Discuss this statement: Effective communication of the results is vital to prevent any misunderstanding".
Prepare Journal Entries and General Ledger : PURCHASE FOODS FOR $71000.00 - Prepare Journal Entries, General Ledger, trial balance Income Statement and Balance Sheet
How braintrust can link the compensation : Evaluations, Explain how Braintrust can link their compensation and evaluations to the company's new objectives and innovation strategy.
What FOOT PRINTING : What "FOOTPRINTING" (or digital reconnaissance) is and how you would go about gathering the information you need to determine the location of a recently
Security measures for good database : Considering the importance of data in an organization, it is absolutely essential to secure the data present in the database.
Advise the Capital Gain Tax Consequences : Advise the Capital Gain Tax Consequences for the above transactions, please have a look at the matrix below on how to answer the question

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd