What is the journal entry for this

Assignment Help Financial Accounting
Reference no: EM132990530

Question - What is the Journal Entry for this?

July 4. Purchased php. 12,000 of additional equipment on credit (due within 30 days).

July 10. Completed work for a client and sent a bill for php. 27,000 to be paid within 30 days.

July 18. Collected php. 15,000 on the amount owed by the client.

July 25. Paid php. 12,000 cash to settle the liability on the equipment purchased.

July 30. Completed work for another client who paid only php. 40,000 for 50% of the system design.

July 31. Received PLDT bill, php. 1,800 and Meralco bill php. 3,800.

Reference no: EM132990530

Questions Cloud

What is fica tax if the medicare rate : Kate received $140,00 in salary in 2019. What is her FICA tax if the Medicare rate is 1.45% and the social security rate is 6.2% on maximum of $312,900 in 2019?
Calculate the amount of the annual payment : Calculate the amount of the annual payment and Create and complete the amortization - What impact do these new weights have on the WACC?
What is the standard overhead rate per hour for jones co : What is the standard overhead rate per hour for 2021? Jones Company budgeted $220,000 for direct labor and $460,000 for factory overhead.
Difference between digital immigrant and digital native : What is the difference between a digital immigrant and a digital native and what does this have to do with consumer health informatics?
What is the journal entry for this : What is the Journal Entry for this - July 4. Purchased php. 12,000 of additional equipment on credit (due within 30 days)
How much ordinary business income will zoom report : How much ordinary business income (loss) will Zoom report on its X4 return? On 12/31/X4, Zoom, LLC reported a $55,500 loss on its books.
Emergence of sexuality and gender-related behavior : For this task, you will focus on the emergence of sexuality and gender-related behavior during adolescence.
What amount of interest must be included in income : The bond pays interest at maturity, October 31, 2022, at a 3% annual interest rate. What amount of interest must be included in income for 2019
What is the corporation tax basis in the property received : The corporation assumed a liability of $535 on the property transferred. What is the corporation's tax basis in the property received in the exchange?

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