Prepare journal entries for the paid cash for advertisements

Assignment Help Financial Accounting
Reference no: EM132488987

Question 1: Prepare journal entries for the following transactions:

Point a. Acquired computer supplies on account for $800.

Point b. Paid cash for advertisements of $700

Point c. Collected commissions of $900 on the sale of a house.

Point d. Paid $600 for the purchase of computer supplies in a above.

Point e. Recorded computer supplies used of $300.c.

Reference no: EM132488987

Questions Cloud

What amount of gross profit should buildall recognize : What amount of gross profit should Buildall recognize in 20X8 on this contract? Round the percentage of completion to one significant decimal point.
Performance of the gaming system : Daniel Franco, a free-lance gaming consultant and blogger, needed a new gaming system for his business. After some lengthy review
Determine and show a combined single-step income statement : Show a combined single-step income statement and retained earnings for the year ended December 31, 2007. Jackson Company had the following income statement
How does the law limit the capacity of a bankrupt : How does the law limit the capacity of a bankrupt person to enter a binding contract?
Prepare journal entries for the paid cash for advertisements : Prepare journal entries for the Paid cash for advertisements of $700 and Acquired computer supplies on account for $800 transactions
Discuss the structural changes and workforce changes : Discuss some of the structural changes and workforce changes that organizations have had to make in the last 5 years to account for advancements in technology?
Prepare the annual adjusting entries for transactions : Prepare the annual adjusting entries for transactions. On October, Johnson received payment in advance for services to be performed
How would you deal with an angry or irate customer : Your place of employment has expanded and is looking to hire people who will be working with you. Because you will be working with the new hires, you will be.
Compute the net income for jordan company for the year : Compute the net income for Jordan Company for the year ended December 31, 2007 and the amount of cash dividends declared by Jordan Company for the year

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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