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- Cy loans Mookie The Beagle Concierge $1,000 at 6% annual interest. Record the transaction as a loan payable as follows. Required: 1. Complete a Deposit. a. Select (+) New icon > Bank Deposit b. Select Account: 1001 Checking c. Select Date: 01/12/2023 d. In Add Funds to This Deposit section, select Account: + Add New > Account Type: Other Current Liabilities > Detail Type: Loan Payable > Name: Loan Payable > Number: 2300 > Save and Close e. Select Payment Method: Check f. Enter Reference Number: 5002 g. Enter Amount: 1000.00 h. Select Save and close i. What is the Amount of the Loan Payable? Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount. Amount of the loan payable () View the Transaction Journal for the Deposit. a. From the Navigation Bar, select Accounting b. From the Chart of Accounts, select 2300 Loan Payable > View Register c. From the Register, select the transaction just recorded > Edit d. From the…Cy loans Mookie The Beagle Concierge $1,000 at 6% annual interest. Record the transaction as a loan payable as follows. Required: 1. Complete a Deposit. a. Select (+) New icon > Bank Deposit b. Select Account: 1001 Checking c. Select Date: 01/12/2023 d. In Add Funds to This Deposit section, select Account: + Add New > Account Type: Other Current Liabilities > Detail Type: Loan Payable > Name: Loan Payable> Number: 2300 > Save and Close e. Select Payment Method: Check f. Enter Reference Number: 5002 g. Enter Amount: 1000.00 h. Select Save and close i. What is the Amount of the Loan Payable? Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount. i. Amount of the loan payablein sage 50 how to make general entry for Memo#6 Transfer $4000 from Bank: Credit Card to Bank to CAD chequing Account. Transfer $2000 USD from Bank: CAD chequing Account to Bank: USD Chequing to cover upcoming payments. The exchange rate is 1.02.
- PROBLEM RECOGNITION TASK Determine the maximum deposit insurance coverage by PDIC in the following items. 2. Janard Lindio has the following deposit accounts in a closed bank: Janard Lindio and Clifford Agustin P600,000 Janard Lindio and Anthony Agarin P800,000 Janard Lindio and Patrick Reyes P900,000 What is the maximum deposit insurance coverage as far as Janard is concerned?Outstanding Deposits Date Check Number Date Amount Junouy s 150.190 2000l 287.50 13.50 15 .15 Total to 2.75 $314.50 2 A coshier had credit card sales of8752.40 over the last week, and issued refunds in the amoun If the fee per transaction in 2.5%, how much is owed, what are the net credit sales?Ultra Day Spa provided $93,650 of services during Year 1. All customers paid for the services with credit cards. Ultra submitted the credit card receipts to the credit card company immediately. The credit card company paid Ultra cash in the amount of face value less a 2 percent service charge. Required a. Record the credit card sales and the subsequent collection of accounts receivable in a horizontal statements model like the one shown here. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element is not affected by the event, leave the cell blank. b. Based on this information alone, answer the following questions: (1) What is the amount of total assets at the end of the accounting period? (2) What is the amount of revenue reported on the income statement? (3) What is the amount of cash flow from operating activities reported on the statement of cash flows? Complete this question by entering…
- My Transactions Deposits Withdrawals Balance T Success In-process Refund Failed Withdraw is usually processed in minutes 04/13/2024 d012404131907201959881 EO Copy BANK 07:07 pm In-Payment 1000.00 04/11/2024 d012404111534241952032 BANK Success Copy Need help with this order? Tap to contact us. 03:34 pm 509.00Bank Reconciliation Statements lecture Homework #1 ZipFlyer Inc. 's cash T-Account for May shows the foliowing information: Cash Date Commenis Amount S13,846 1.550 2,700 Date Comments Amount Cheque 75 Cheque #76 Cheque 877 Cheque 78 Cheque #79 Cheque #80 Cheque #81 Cheque #82 Cheque #83 Cheque #84 Cheque #85 Cheque 486 Opening balance Deposit May ! May 3 May 1 May I May 3 May 15 May 21 Миу 31 5550 875 Deposit Deposit Deposit Deposit May 4 1,256 May 7 May 10 May 13 Миу 17 May 21 May 25 May 28 May 29 May 31 4.950 3.684 2.600 3,000 1,100 486 548 3,058 1,244 983 68 175 May 31 Ending Balance $14,619 The following comes from the company's April 2024 Bank Statement: Date Description Balance Forward Depasit Cheque #75 Depasit Cheque #77 NSF Cheque- W. White Cheque #76 Cheyue #78 Bank Collection Cheque #79 EFT - ltilities bill Deposit Cheque #80 Depasit EFT- Telephone Cheque #82 Cheque #83 Bank plan fee Withdrawals Deposits Balance $13846 15,396 14.846 17.546 16,290 15,690 April 30 Мay 2 May 3…Cash Receipt # 95 Dated April 12, 2022 From WiseGuys, cheque #189 for $1 800 in payment of invoice #285. Sage 50 Journal Entry: 04-12-2022 J9 95, Wise Guys 1080 4100 1200 Bank: CAD Chequing Sales Discounts Accounts Receivable 1,800.00 101.70 1,901.70 Compare the transaction information and the transaction as captured in Sage and state, what was done wrong and how would you correct it?
- Receivables and Cash: Understanding Collection FloatYour seven friends often go to you when they are out of cash. The following is the usual trend: Amount Day Borrowed Day Paid Days OutstandingAnna P 1,000 Monday Wednesday 3Bob 1,000 Tuesday Thursday 3Charles 1,000 Wednesday Friday 3Doug 1,000 Thursday Saturday 3Ellen 1,000 Friday Sunday 3Fred 1,000 Saturday Monday 3George 1,000 Sunday Tuesday 3If you did not lend them the money, you could have invested the amount in marketable securities which gives 5% interest.11. How much in total do they owe you on Mondays?12. How much in total do they owe you on Tuesday?13. How much in total do they owe you on Wednesday?14. How much would extra cash throughout the year would you have if you did not lend them any amount?15. How much would you earn if you invested the cash instead of lending them to your friends?Cash Receipt #94 Dated April 4, 2022 From Jokers Et Al., cheque #2213 for $950 in full payment of invoice # 287, taking into account 2% sales discount of $50 for early payment. 04-15-2022 J2 1080 1200 94, Jokers Et Al. Bank: Chequing Accounts Receivable 1,000.00 1,000.00 Compare the transaction information and the transaction as captured in Sage and state, what was done wrong and how would you correct it?EM6.11 Pay Credit Card Mookie the Beagle Concierge makes a payment on the VISA credit card on 01/31/2023 in the amount of $800. Required: To record the payment on the VISA credit card: From the Navigation Bar, select Expenses > select Expenses tab From the New transaction drop-down menu, select Pay down credit card For Which credit card did you pay?, select 2100 VISA Credit Card For How much did you pay?, enter 800.00 For Date of payment, enter 01/31/2023 For What did you use to make this payment?, select 1001 Checking Select Save and close What is the balance of the VISA Credit Card account after the credit card payment is recorded? Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount.
