User Account

All Pages

Shield security company had the following transactions

Assignment Help Accounting Basics
Reference no: EM131122398

1. Shield Security Company had the following transactions during the month of November:

Nov. 4. Purchased office supplies from Office Universe Inc. on account, $480.

8. Purchased office equipment on account from Best Equipment, Inc., $1,900.

Nov. 12. Purchased office supplies from Office Universe Inc. on account, $130.

21. Purchased office supplies from Paper-to-Go Inc. on account, $195.

27. Paid invoice on November 4 purchase from Office Universe Inc.

a. Prepare a purchases journal with the following headings to record the November purchase transactions for Shield Security Company.

b. What is the total amount posted to the accounts payable control and office supplies accounts from the purchases journal for November?

c. What is the November 30 balance of the Office Universe Inc. creditor account assuming a zero balance on November 1?

 

 

Reference no: EM131122398

Questions Cloud

Prepare a t account for the accounts payable creditor : Prepare T accounts for the accounts payable control and cleaning supplies accounts. Post control totals to the two accounts, and determine their ending balances.
Can environmental influences explain these findings : Select two diseases-one with high heritability and one with low heritability-and describe the genetic components of the diseases. In your opinion, do the individuals who inherit these diseases have a high mortality, or death, rate? Why?
Made contributions to the judge election campaign : During a court case, it was determined that both the litigants and their attorneys had made contributions to the judge's election campaign. It was therefore ethically essential that the
Compute the sample variance : (a) Compute directly the variance var(y) of the sample mean and the variance var(m) of the sample median.
Shield security company had the following transactions : What is the total amount posted to the accounts payable control and office supplies accounts from the purchases journal for November?
Assumptions or results is the confidence interval : From the data of parts (a) and (b) of Exercise 1 of Chapter 2, construct approximate 95% confidence intervals for the population total. Also construct approximate 95% confidence intervals for the population mean per unit.
What means do they use to hedge against exchange rate risk : What means do they use to hedge against exchange rate risk? Using this information, what do you think would be the effect of increases or decreases in the dollar's exchange value on the firm's profitability?
Use the squeeze theorem to find equation : Use the Squeeze Theorem to find limx→0 x sin (1/x) Is f(x) = x2 - 7/x - 3 continuous on the interval (3, ∞)
What is the best estimate of the price in chf you can reco : what is the best estimate of the price (in CHF) you can recommend that management charge if it wants to just cover its costs and profit objectives?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is meant by horizontal vertical and conglomerate

what is meant by horizontal vertical and conglomerate combinations? how do you distinguish the three types? what

  Lopez corporation has collected the following information

lopez corporation has collected the following information after its first year of sales. net sales were 1600000 on

  Highest marginal tax bracket

Cyrus,  the owner of Eden, Inc.,  died at the end of 2011. He left all of his assets, including stock in Eden, to his two sons, Adams and Charles. Charles had been involved in the running of Eden,  a subchapter S corporation, for many years. He ha..

  Phil and mary have agreed to use the bonus method to begin

phil thomas and mary martin sole proprietor of art innovations have decided to form a partnership. all the assets and

  Analyze the audit report that the cpa firm issued

Analyze the audit report that the CPA firm issued. Ascertain the legal liability to third parties who relied on financial statements under both common and federal securities laws. Justify your response.

  Parlee companys sales are 30 in cash and 70 on credit sixty

parlee companys sales are 30 in cash and 70 on credit. sixty of the credit sales are collected in the month of sale 25

  Describe two limitations of income statements

However, income statements do not reveal every aspect of a company's performance. Identify and describe two limitations of income statements.

  This year ryan used his personal auto for several long

ryan is self-employed. this year ryan used his personal auto for several long business trips. ryan paid 2190 for

  South pole novelties sells ice cream bars from a kiosk near

south pole novelties sells ice cream bars from a kiosk near campus. fixed costs are 260 per week and the variable cost

  Yellow companys ax division has capacity of 200000 units

yellow companys ax division has capacity of 200000 units. normal selling price is 22.00 per unit. at current operating

  Statements of retained earning in its most recent

statements of retained earning in its most recent financial statements newhouse inc. reported 50 million of net income

  In accounting describe what is meant by posting the fourth

in accounting describe what is meant by posting the fourth step in the processing cycle. please in your own

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