00 01 Assignment Sp 2024 (student)

1. Prepare the required Ledger Accounts as per the case given below. Requirement: The students are required to post the journal entries to the general ledger accounts below covering the period from March 1 to 31, 2021 these journal entries were taken from the accounting books of AL Almas Shope owned and managed by Ms. Nabila. • All Ledger accounts must be dosed. The account total and balance are required to be determined after completing all postings for all Ledger accounts • The students must use the general ledgers accounts mentioned in this assessment paper and use the correct template. • You are not required to fill-up the reference columns in the general ledgers. March. Particulars Ref. Debit Credit Date 2021 1 Cash 200,000 Capital 200,000 To record owner's capital invested in Business 2 Furniture 7,000 Cash 7,000 To record purchase of Fumiture by cash from Danube Furniture Land 15,000 Accounts Payable 15,000 To record purchase of Land on credit from Mr. Said 6. Cash 2,000 Loans…

Only typed solution. When an attest client has unpaid fees that are over one year past due, what is required? A) There are no requirements in this situationB) Obtain a note receivable from the clientC) Move forward with the attest work as long as the client says they will pay us soonD) Consult with National Independence

Can you plz just do the last 2 which will be in the picture and the 1st picture going to be the answer for the first 3 thats already answerd thank you in advance   Financial Statements and Closing Entries Last Chance Company offers legal consulting advice to prison inmates. Last Chance Company prepared the end-of-period spreadsheet that follows at June 30, 20Y1, the end of the fiscal year:   Last Chance Company   End-of-Period Spreadsheet   For the Year Ended June 30, 20Y1   Unadjusted         Adjusted   Trial Balance Adjustments Trial Balance Account Title    Dr.    Cr.      Dr.      Cr.    Dr.    Cr.                   Cash 5,100           5,100   Accounts Receivable 22,750   (a) 3,750     26,500   Prepaid Insurance 3,600       (b) 1,300 2,300   Supplies 2,025       (c) 1,500 525   Land 80,000           80,000   Building 340,000           340,000   Accum. Depr.—Building   190,000      (d) 3,000   193,000 Equipment 140,000           140,000   Accum.…

Do not copy from bartleby. Otherwisw i will give you dislike When DeSoto Water Works purchased equipment at the end of 2020 at a cost of $64,000, the company debited Buildings and credited Cash $64,000. The error was discovered in 2021. Prepare the journal entry DeSoto will use to correct the error. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record entry to correct error. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal

EX Fri Apr 30 6:26 PM iew History Bookmarks Window Help A edugen.wileyplus.com Return to Blackboard PLUS Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help | System Announcements CALCULATOR PRINTER VERSION 4 ВАCK NEXT URCES Exercise 9-06 a-b (Part Level Submission) ents- Cheyenne Company has accounts receivable of $108,000 at March 31, 2020. Credit terms are 2/10, n/30. At March 31, 2020, there is a $1,400 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimate of bad debts is shown below. Part Part Estimated Percentage Uncollectible art Balance, Age of Accounts March 31 2020 2019 Current $64,800 $75,000 2% 1-30 days past due 25,200 8,000 7% 31-90 days past due 9,600 2,400 22% Over 90 days past due 8,400 1,100 50% $108,000 $86,500 00

Spring 2021 Final Exam(2) - Saved to this PC - erences Mailings Review View Help 三 三|A|T AaBbCcD AaBbCcDc AaBbC AABBCCC AaB I Normal T No Spac... Heading 1 Heading 2 Title Paragraph Styles 3-Michael Cool's employer offers its workers an optional two-month unpaid vacation after 7 years of service to the firm, who just started working for the firm, plans to spend his vacation touring Europe at an estimated cost of $24,000. To finance his trip, Robert plans to make an annual deposit of $2,500 into a savings account at the end of the next seven years (first deposit will occur one year from today. The account pays 8% annual interest rate, a. Will Michael's account balance in seven years be enough to pay for his trip? b. Suppose Michael increases his annual deposit to S2,700. How large will his account balance be in seven years? 4- The Robinson Company has the following current assets and current liabilities for these two

Question 25 of 30 . True or False - When creating a time slip in Sage 50, you can only enter the time using the available timer. True False   26 of 30. True or False - Prior to creating time slips in Sage 50, you need to set up service activity items. ) True False     27 of 30 What can time slips be used for in Sage 50 Premium Accounting? Select ALL that apply., To bill customers for the hours or fime spent on activities To pay employees based on the number of hours spent on various activities To create purchase invoices based on the activites. To create purchase quoles based on the time spent on activities Mark for follow up

A nail salon received an invoice from a supplier for $1400 dated September 19 with terms 5/10, 2/20, n/60 E.O.M. What is the last day to receive a 2% discount? (Do not use a number for the month. Please write the full word.) « » A Moving to another question will save this response. 3:07 PM PS 底 4) %3D O Type here to search -4°C 2/24/2022

The company el Ahuehuete, S.A., shows you the data of the credit applicants. Without knowing the rules and credit policies of this company. Each case will provide conditions for you to establish minimum criteria for granting credit. Once you have reached an agreement as a team, review who would be subject to credit according to these new policies that have been established. Dinora Velázquez. Homemaker. She manages the household and budgeted monthly household expenses amount to $16,000.00. Her husband is the breadwinner; he is a maquila worker and earns $30,000.00. They have 2 elementary school age children. She has a mortgage on the house they live in, which takes 20% of her family's income. Subject to credit? Would it be good for the company to lend you credit?

This window shows your responses and what was marked correct and Incorrect from your prevlous attempt. Required Informatlon Problem 13-63 & Problem 13-64 (Algo) (LO 13-5, 6, 7, 9) The following information applies to the questions displayed below] Jeremy Slacker started the Del Fuego Surf Shop on January 1 after determining that business school classes conflicted with his preferred activity. He invested $64,000 in the shop-$50,980 of his own savings and $32,000 borrowed from an acquaintance. The loan is to be repaid in 5 years. Jeremy will pay the lender annual interest at a rate of 8 percent. ded Shortly after opening, Jeremy realized that he is not the best financial planner and has come to you for help. With some prodding, you are able to establish that Jeremy plans to sell only two models of surfboard, the Zuma and the Coronado, for at least the first year. Data on the boards are given as follows, Coronado ) zuma 816 408 Expected annual sales (units) $720 470 $420 Retail price (per…

please answer all the parts of the question within 30 minutes. make sure the calculations are explained in very detailed manner also formatting of journal entries and accounts is proper, Attempt the answer only if your are 100% sure that its correct. else leave it for other tutore otherwise i will give negative ratings and will also report your answer for unprofessionalism. Make sure the answer shows detailed calculations and is 100% correct. ATTEMPT ONLY IF YOU ARE 100% SURE AND ANSWER WILL BE CORRECT.

Teal Company is presently testing a number of new agricultural seed planters that it has recently developed. To stimulate interest, it has decided to grant to five of its largest customers the unconditional right of return to these products if not fully satisfied. The right of return extends for 4 months. Teal estimates returns of 20%. Teal sells these planters on account for $1,500,000 (cost $825,000) on January 2, 2020. Customers are required to pay the full amount due by March 15, 2020. Your answer is correct. Prepare the journal entry for Teal at January 2, 202o. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 2, Accounts Receivable 1,500,000 2020 Sales Revenue 1,500,000 (To recognize revenue.) Cost of Goods Sold 825000 Inventory 825000 (To record cost of goods sold.) eTextbook and…

I need to create a journal entry for my accounting class. Here is the question: May 8: Sign a letter of intent to switch electric suppliers starting in June. I believe no journal entry is required?

what is the correcting entry for.. billing a customer for $2500 for photocopy work

Open T accounts and post the journal entries to the general ledger. N(Post entries in the order of journal entries presented in the previous part Select the date for closing balanceseven in case of zero balance. If ending balance is 0, enter 0 on the normal sicde for the account)     June 1Samantha Miller opened Miller Real Estate Agency with an investment of $13,220 cash and $2,850 of equipment.2Paid $1,260 for a one-year insurance policy.3Purchased additional equipment for $4,520, paying $760 cash and signing a note payable for the balance.10Received $355 cash as a fee for renting an apartment.16Sold a house and lot for B. Wilson. The cormmission due from Wilson is $7,330. {It is not paid by Wilson at this time.)27Paid $750 for advertising to run during June.29Received an $80 bill for telephone service during the month of June. (The bill is paid in July)30Paid an administrative assistant $2,390 in salary for June.30Received $7,330 cash from B. Wilson for the June 16 transaction.

The work sheet for Major Advising to complete this exercise is as follows. 1.  Prepare the closing entries. If an amount box does not require an entry, leave it blank. Do not enter the posting references until you complete part 2. 2.  Post the closing entries to the T accounts. If there is more than one closing entry for an account, enter in the order given in the journal. Then complete the posting in part 1. Major AdvisingWork Sheet (Partial)For Month Ended January 31, 20 --   Income Statement Balance Sheet Account Title Debit Credit Debit Credit Cash     1,342   Accounts Receivable     933   Supplies     335   Prepaid Insurance     856   Office Equipment     3,510   Accum. Depr.—Office Equipment       185 Accounts Payable       981 Wages Payable       319 Ed Major, Capital       4,147 Ed Major, Drawing     915   Advising Fees   4,199     Wages Expense 738       Advertising Expense 94       Rent Expense 499       Supplies Expense 126       Phone…

Renzo is attending his first virtual meeting. Which of the following statements would be good advice for Renzo? Don't mute your phone during the meeting so you don't miss important calls. Log in 15 minutes early. Log in on time. It's okay not to say anything in your first meeting.

Post the journal entries for the transactions to the following t-accounts. Each of which started the month with a zero balance.  *****the drop down options for the first column are: a., b(1), b(2), c(1), c(2), d., e., f., g., h., i. For columns 2 and 3 you input a number  for column 4 the drop down options are: a., b(1), b(2), c(1), c(2), d., e., f., g., h., i. to clarify, column 1 starts at the top and ends with "ending balance" column 2 starts at the top and ends with "0" in the photos provided  Please don't add numbers to columns 1 or 4 only the drop down letters. Thank you!

Use the following partial listing of T accounts to complete this exercise. 1.   Prepare closing entries dated January 31, 20--. Do not enter the posting references until you have completed part 2. If an amount box does not require an entry, leave it blank. 2.  Post the closing entries to the T accounts following the top-down journal entry order. If there is more than one closing entry for an account, enter in the order given in the journal above. Then, complete the posting for part 1. Closing Entries (Net Loss) Accum. Depr.—Delivery Equip 185.1     Bal. 100 Wages Payable 219     Bal. 200 Kylea Vasquez, Capital 311     Bal. 4,000 Kylea Vasquez, Drawing 312 Bal. 800     Income Summary 313         Delivery Fees 401     Bal. 2,200 Wages Expense 511 Bal. 1,710     Advertising Expense 512 Bal. 80     Rent Expense 521 Bal. 400     Supplies Expense 523 Bal. 120     Phone Expense 525 Bal. 58…

þ. Post the journal entries in the ledger accounts on the next page for Sheila McFarlane, a lawyer, and take off a trial balance on the form provided. GENERAL JOURNAL PAGE DATE PARTICULARS P.R. DEBIT CREDIT 20- Mar. 4 00 0 100 20 0 2 00 0 31 Bank A/RJim Shearer Supplies Office Equipment A/P-Elite Equipment A/P-Legal Publishers Bank Loan Shella McFarlane, Capital 1 00 0 500 300 0 2 700 Apr. 2 Bank 60 0 60 0 ARJim Shearer 3 A/P-Elite Equipment Bank 4 0 0 400 5 Bank 2l 5 0 25 0 Fees Earned 20 0 15 Sheila McFarlane, Drawings Bank 200 20 Bank 2 00 o 200 0 Bank Loan GENERAL JOURNAL PAGE DATE 20- Apr. PARTICULARS P.R. DEBIT CREDIT 25 Repairs Expense 5 0 Bank 5 0 26 Bank 170 Sheila MacFarlane, Capital Office Equipment 4 20 30 A/P-Legal Publishers Bank 5 00 5 00

Odysseyware Ô https://sfdr.owschools.com/ows00/studentAssignment/index?eh=65534412 San Felipe Del RIO CISD-TIS JALYN GARCIA Odysseyware LEARN MESSAGE HELP SIGN OUT Assignment - 3. Automobile Loens Attempt 1 of 1 ASSIGNMENTS COURSES SECTION 2 OF 4 QUESTION 2 OF 6 《く 11 4 5 6 3 > » Miguel takes a car loan for $16,000. The loan is for 60 months and has an interest rate of 4%. There are an additional $1,000 of fees. What is the APR for this loan? O 6.25% O 6.4% O 8.6% O 10.25% NEXT QUESTION O ASK FOR HELP TURN IT IN P Type here to search 11:20 PM G 10 ENG 2/6/2021 G C 2N M 中 o

remier nati ation online, we know that By peing shared on the Internet especially in con ino Independence every 12th of June, and Rizal's martyre can be seen in monuments, t-shirts, money, and NAME: SCORE: SECTION: PROFESSOR: Problem #5 Analysis of the Income Summary Account The following is the income summary account of Rosemarie Español Services on D 2020, after all revenue and expenses have been closed to the account. Income Summary 197,000 190,000 Required: 1. What do the figures in the account represent? 2. What is the profit or loss? 3. Close the income summary account.

prepare closing entries for temporary accounts in problem 6-9A on page 206/207 in the new book and page 204 in the old book.  Autumn's Home Designs.  Journalize closing entries and prepare the post closing trial balance.

4. 5. 6. What accounts are considered temporary accounts? Hint: Use the broad categories that we have discussed since day one in class. Otherwise, give at least three examples of specific accounts. What financial statement does all the permanent accounts get listed on? With the following accounts please tell me what the normal account balance would be. Keep in mind of your hints that I have given you throughout the semester so far. Account name Cash Dividends Accounts Payable Retained Earnings Prepaid Insurance Telephone expense Commissions Earned oft Normal Balance