User Account

All Pages

assignment, Financial Accounting

Assignment Help:
1- Journalize May transactions.

Entry:
1. May 1 Owner H.Hadi invested $40,000 in the business.
2. May 4 Equipment was purchased at a cost of $7,000; a three-month, 10% note payable was signed for this amount.
3. May 5 Paid a supplier $1,500 cash on account.
4. May 8 Paid $1,800 in cash to Palmero Company for may rent.
5. May 10 Purchased suppliers for $2,500 cash. The supplies are expected to last through july.
6. May 14 Paid $300 cash to the daily News for advertisements run this past week.
7. May 16 Billed customers $8,000 for services rendered.
8. May 19 Received $5,000 from customers for services rendered during this week.
9. May 25 Additional supplies were purchased on account at a cost of $800 from Superior Supplies Company. These supplies will be used during June.
10. May 26 Received $11,000 from customers for services to be rendered early in June.
11. May 27 Paid the weekly News $300 for an advertisement that will run the first week in June.
12. May 28 Received $4,000 on account.
13. May 30 Owner H.Hadi withdrew $500 for personal use.
14. May 30 K. Minor,H. Hadi''s administrative assistant, was paid $1,800 cash for here salary.

Related Discussions:- assignment

Determine the payback period for the project, An investment project require...

An investment project requires a net investment of $100,000. The project is expected to generate annual net cash inflows of $28,000 for the next 5 years. The firm's cost of capital

Intangible assets, cisco intangible assets

cisco intangible assets

Inventory, HOW TO RECORD INVENTORY AT NET REALISABLE VALUE ON JOURNAL

HOW TO RECORD INVENTORY AT NET REALISABLE VALUE ON JOURNAL

Foreing branches-branches, FOREING BRANCHES The head office my set up a b...

FOREING BRANCHES The head office my set up a branch in a foreign  country. IAS 21 requires that the results of that  foreign branch to be translated into the local currency for t

Payback period and net present value, Payback Period and Net Present Value ...

Payback Period and Net Present Value XYZ Software, Inc., has the following mutually exclusive projects. Year Project A Project B

Effect of releasing accounting information, The objective of this project i...

The objective of this project is to demonstrate the effect of releasing accounting information concerning profits on the valuation (i.e. share price) of an Australian;listed compan

CONSOLIDATED BALANCE SHEET, PLEASE, HOW DO WE TREAT PER-ACQUISITION LOSS

PLEASE, HOW DO WE TREAT PER-ACQUISITION LOSS

Examine the financial statements, Your firm has been hired to examine the f...

Your firm has been hired to examine the financial statements of Bonanza Development Corp. for possible irregularities.  As part of this task, you reviewed certain land transactions

Defence of trustee-breach of trust-trusts laws, Defence of trustee   1) He...

Defence of trustee   1) He may be relieved from liability if, in the opinion of the court, he acted honestly and reasonably and ought to be excused; 2) He may also be released

What are the limitations of the balance sheet, Describe:- What are the l...

Describe:- What are the limitations of the balance sheet? What are the benefits of the balance sheet? What are the form of the balance sheet?

Write Your Message!

Captcha
Order Assignment

Featured Services

Order Now

Popular Subjects

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