User Account

All Pages

Prepare the journal entry to record each transactions

Assignment Help Accounting Basics
Reference no: EM132217750

Question - Journal Entries: Prepare the journal entry to record each of the following independent transactions.

Jan 1 Services provided on account of $1,330.

Jan 2 Purchases of supplies on account for $1,365.

Jan 5 Services provided for cash of $750.

Jan 5 Purchase of equipment for cash of $4,240.

Jan 7 Issuance of a promissory note for $2,500.

Jan 12 Collections on account for $890.

Jan 15 Sale of capital stock in exchange for a parcel of land; the land is appraised at $50,000.

Jan 18 Payment of $4,000 in salaries and wages.

Jan 31 Payment of open account in the amount of $500.

Reference no: EM132217750

Questions Cloud

Communicate performance evaluation results to management : Project evaluation and reporting will also explain how a project manager will communicate performance evaluation results to management and to the customer.
Determine the breakeven costs for this renovation : What retrofitting needs to be done to turn retail space into warehouse space? How can a manager determine the breakeven costs for this renovation?
The replacement cost instead of lost income : Explain why the best value is the replacement cost instead of lost income when evaluating the worth of information asset to the organization.
Post an explanation of the most important areas : Post an explanation of the most important areas that Robert should focus on when facilitating this diverse group and why. Use this week's Learning Resources.
Prepare the journal entry to record each transactions : Journal Entries: Prepare the journal entry to record each of the following independent transactions. Jan 1 Services provided on account of $1,330
Prepare the appropriate general journal entries : Prepare the appropriate general journal entries for the month of April. Raw materials costing $60,000 were issued from the storeroom
Explain elements of strategic thinking and planning process : Explain the role of strategic thinking and planning in carrying out the organization's vision and mission. Explain the elements of the strategic thinking.
Make a compelling case about your programs and services : Connecting and communicating with constituencies and stakeholders is a critical task for the board as well as the executive director.
What can be done to fix each of the disrupted links : Read "Case Study 2-2: Disrupted Links in the Performance Management Process at Omega, Inc." in your textbook. The six links in the performance management.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine amount of net income reported by blunt for 2001

Working from Operating Cash Flows to Net Income Based on the above information, determine the amount of net income reported by Blunt for 2001.

  Prepare a formal statement of cost of goods manufactured

Prepare a formal statement of Cost of Goods Manufactured for the year ended December

  Describes the behavior of the fixed cost per unit

Which of the following describes the behavior of the fixed cost per unit? Costs that remain constant in total dollar amount as the level of activity changes are called

  Bonnies charitable contributions and agi for the past four

bonnies charitable contributions and agi for the past four years were as follows 2007 2008 2009 2010 agi 50000 55000

  Last month when holiday creations inc sold 39000 units

last month when holiday creations inc. sold 39000 units total sales were 287000 total variable expenses were 232470 and

  Purpose of user charges of g and np organizations

The revenues of profit-seeking organizations are based on user charges. Users may be charged for various services provided by G&NP organizations as well.

  Wellman corporations budgeted balance sheet for the coming

wellman corporations budgeted balance sheet for the coming year shows total assets of 4650000 and total liabilities of

  Pearl ltd acquired all the shares of beryl ltd

On 1 July 2011, Pearl Ltd acquired all the shares of Beryl Ltd.  On this date, the equity of Beryl Ltd consisted of:

  Explain how the role of internal and external audit

select two components of internal control. Explain how the role of internal and external audit would differ in assessing these components.

  Budgeting time and valuing risk management

Justify the time it takes to put together a budget for a human resource project. Support your justification by creating a hypothethical example of a human resource project. Relate specific elements of your example to support your justification.

  Prepare a selling expense budget

Preparing a budget and analyzing the results of operations in relation to the budget will help you understand how to use financial information.

  Prepare the year-end journal entries to record income taxes

The enacted tax rate for 2011 and 2012 was 30%, but during 2012 new tax legislation was passed reducing the tax rate to 25% for the years 2013 and beyond.

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