Preparing the required journal entry

Assignment Help Accounting Basics
Reference no: EM13124155

While examining cash receipts information, the accounting department determined the following information: opening cash balance $178.24, cash on hand $1,134.46, and cash sales per register tape $1,156.35. Prepare the required journal entry based upon the cash count sheet. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)

Reference no: EM13124155

Questions Cloud

What characteristics will automatically exclude an item : What characteristics will automatically exclude an item from being classified as inventory?
Semi-direct product construction : Use the semi-direct product construction to construct a nonabelian group of order pq, where p, q are prime numbers with q = 1 mod p
Test the researcher-s claim false positive rate : HIV found that 3 received a false positive test result. Test the researcher's claim of a 2% false positive rate at the a = 0.05 level. What can you conclude?
Find long term interest of stockholders : Long Term Interest of Stockholders, Which of the following goals is in the best long-term interest of stockholders?
Preparing the required journal entry : While examining cash receipts information, the accounting department determined the following information: opening cash balance $178.24, cash on hand $1,134.46, and cash sales per register tape $1,156.35.
Whistling swan : "This is from a whistling swan. They stop here in the spring before goin' on to Alaska. The thing about them-they never know what they'll find when they get there. They just know they got to get there. When our bodies are no longer here, we are still..
Write mathematical functions : Think of a mathematical function that represents something from your own life. For example, suppose the number of beers you drink depends on the number of football games you watch. If you drink five beers during every football game, the function w..
Possible system of equations : Consider the set of points (x, y, z) defined by the set of equations below: Find a 2 x 3 system of linear equations having this set of points as its solution set.
Mathematics transportation model : Mathematics - A 3 x 3 transportation model, Cammile, a fruit dealer, sells fruits to customers in Mani, Pampan, and Paciz. The monthly demand is 4000 kilos in Mani, 2500 kilos in Pampan, and 1000 kilos in Paciz.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Journalizing partnership formation

Angela Moss and Autumn Barber organize a partnership on January 1. Moss's intial net investment is 75,000 consisting of cash 17,500, equipment 82,500 and note payable reflecting a bank loan for a new business 25,000. Barber's initial investment is..

  Total indirect manufacturing costs

Calculate the total indirect manufacturing costs for December from the information given above.

  Record the transactions on page 8 of a general journal

Record the transactions on page 8 of a general journal. You can Omit descriptions. You can use any General Journal template or the one attached.

  Activities sections of the statement of cash flow

A loss of $35,000 from the sale of equipment would be included in which of the activities sections of the statement of cash flow.

  Prepare necessary entries for current fiscal year

Assume that the County of Katerah maintains its books and records in a manner that facilitates preparation of the fund financial statements. Prepare the necessary entries for the current fiscal year.

  Calculate the inflation-adjusted principal at the beginning

Calculate the inflation-adjusted principal at the end of the second six months (on December 31, 2011), and the coupon payment to the investor for the second six-month period is the inflation-adjusted principal

  What is his realized gain or loss

Three years later, the shareholder ssells the land for $220,000. What is his realized gain or loss?

  Important multiple choice question based on account

A business pays weekly salaries of $15,000 on Friday for a 5-day week ending on day. The adjusting entry require at the end of fiscal period ending on Thursday is;

  Journal entry of allowance for bad debts

Battle Tank, Inc. had net sales in 2004 of $1,200,000. At December 31, 2004, before adjusting entries, the balances in selected accounts were: Accounts Receivable $250,000 debit, and Allowance for Doubtful Accounts $2,100 credit.

  Schedule of taxable income and journal entries

Prepare a schedule starting with pretax financial income and compute taxable income. Prepare the journal entry to record income taxes for 2011.

  Corporate annual report-nikon

Discuss the key factors that determined the company's financial performance during the year. Discuss what the primary assets held by the company are. Demonstrate how management portrays the internal control environment of NIKON.

  Find appropriate depreciation expense for the year

Fulfil all required journal entries for each of the long-term activities, which took place during 20x7. Keep in mind to account for the appropriate depreciation expense for the year on any of the long-term assets.

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