I need journal entries in 7,10 and 13. Thanks tutor. Please answer it completely.
Q: Prepare the Journal Entries to the individual T-Account
A: Journal entries recording is the first step of accounting cycle. Under this, atleast one account is…
Q: (Click on the following icon in order to copy its contents into a spreadsheet.) Project Year 0 Year…
A: NPV is the difference between present value of all cash inflows and initial investment. IRR is the…
Q: Do you have to manually balance a journal entry or does Quickbooks do that for you?
A: QuickBooks: QuickBooks is one form of accounting software. It helps in record keeping, sales…
Q: Prepare Journal entries for all the transactions?
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
Q: Please Prepare Journal Entries
A: Journal entries recording is the first step of accounting process, in which atleast one account is…
Q: Please help me with this homework question in the screenshot.
A: Stockholders’ equity: It is the net amount in the business after deducting all the liabilities from…
Q: Select any five financial transactions of your choice and make journal entries for the same.
A: Journal entries means the book of prime entry including debit and credit item. Necessary journal…
Q: BM KID O Sharehol Januar (In Philip
A: Journal entries refer to the concept of collecting information regarding all the transactions done…
Q: Kindly rewrite the attached text in handwriting with writing (Hala Haj Hamad) at the top of the…
A:
Q: Use the journal provided on the other page for your answer.
A: Step 1 Journal is the part of book keeping.
Q: PLEASE COMPLETE THE WORKSHEET
A: A worksheet is a 10-column sheet in which first all unadjusted general ledger balances are shown,…
Q: at are those? Please Explain?
A: Definition :- A closing entry may be a journal entry that's made at the top of an accounting period…
Q: Can you please add another 100 words on this? Feel like the question could be answered in more…
A: Introduction:- A budget is an important tool for every organization for estimating of revenue,…
Q: To add a new column to a report done in QuickBooks, you click the _______ button.
A: QuickBooks: It is an accounting software package that aims to assist small and medium-sized…
Q: "Contingencies
A: Contingent means reliant on a future event so that future event is going to determine whether to…
Q: this in DIRECT METHOD with schedule of T-ACCOUNTS. Thank you so much. I need to pass this tonight
A: Cash flow analysis is important for the business since it allows the business to assess the amount…
Q: Explain an example of post the journal entries to the T-accounts.
A: Journal entry: It is a set of economic events that can be measured in monetary terms. These are…
Q: The required / 1- to conduct the journal entries and migrate them to the professor's record. 2-…
A: Identify transactions Record Journal entries Post them in their respective ledgers Prepare…
Q: ease help me with this homework question in the screenshot.
A: Step 1 After preparing a trial balance to adjust the profits and expenditures for the duration in…
Q: please help me. i please fill up the missing parts of this journal entry
A: Journal entry is the first step in recording the transactions under the double-entry system of…
Q: Please prepare journal entries and T accounts.
A:
Q: Journalize the following transaction. Thank you!
A: At the time of recording journal entries, rules of debit and credit are followed by debiting atleast…
Q: Prepare a worksheet of this.
A: Accounting equation is a statement of equality between the resources and the sources which finance…
Q: se read and respond to TIF 12-2 on page rubric to ensure you receive full points for ussion.
A: Given: To explain the situation as,
Q: I need all blanks filled with the blue arrow pleaee and thank you.
A: Balance sheet include all assets and liabilities. Value of both side that is asset and equity should…
Q: Homework help asap
A: Opportunity cost is the earnings which have been lost due purchase of asset.
Q: What information from this invoice would be entered in the Source Document column of the journal?…
A: Source document is a document from which information of transaction is obtained for journal entry.…
Q: What is a journal? Give a specimen of journal showing at least five entries.
A: “Journal book systematically records business transactions on the beginning of a source document in…
Q: 1- Record these trasections in journal. (need answer in MS word).
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: I need a Journal entry for this equation
A: Answer:
Q: Academic access to the FASB Codification is available through university subscriptions, obtained…
A: Case analysis: The academic access of the FASB codification system is available through university…
Q: Hello. Please answer required 2 (journalize) Thanks.
A: Journal entry is the process of recording the business transactions in the books of accounts for the…
Q: where in quickbooks will i enter it
A: In the Quickbooks, entry as per solution has to be done but the process of recording is as below:
Q: Write a note on closing entries and what are those? Please Explain in Detail?
A: Write a note on closing entries and what are those? Please Explain in Detail?
Q: Journalize the following transactions. Thank you!
A: At the time of recording journal entries, rules of debit and credit are followed by debiting atleast…
Q: Make T accounts using EXCEL for the following journal entries
A: We are given some journal entries which we need to post in T accounts Dr.…
Q: please answer in detail. how to record a journal entry this on 30/06/21
A: As the payment for insurance is made for 12 months, so at the end of Jun the insurance expense…
Q: Prepare all the journal entries .
A: 1)Cash account Dr ::$30,000... Bank account Dr :::$20,000 To Capital Account ::$50,000..…
Q: (Students should visit the SEC website, www.sec.gov, for supplemental resources.) What is a…
A: A prefiling conference is requested by a company if it faces problems or questions to take…
Q: ase r
A: In this question, we have to solve different parts according to the question.
Q: Kindly write the attached text in handwriting with writing (Hala Haj Hamad) at the top of the page.
A: Straight line method and units of activity method are two depreciation method. Under straight line…
Q: Just answer the questions for nos. 20-22 based on the picture.
A:
Q: Complete
A:
Q: 2) prepare the following journal entries!
A: Job costing is one of the method of costing under which all costs are assigned, accumulated and…
Q: What are the 7 advantages of using a special journal? give brief explanation of the each.
A: Introduction:- The special journal is the general entries of such transactions that are required to…
Q: Hi kindly
A: We know that Acquiton cost is the sum total of consideration paid and transaction cost (1)…
Q: Hi kindly answ
A: (1) In Merger and Acquisition Acquition cost = Transaction cost + Consideration paid We have given…
I need
Thanks tutor.
Please answer it completely.
Step by step
Solved in 2 steps with 1 images
- MAKE THE NECCESSARY JOURNAL ENTRIES FOR THE FOLLOWINGTRANSACTIONS: 7) Customer transferred 85 .000 TL to the Bank, to close the openaccount 8 ) Customer ordered to purchase 270.000 TL + %10 VAT Merchandise .Customer issued 95.000 advance check for the order . 9) Land is Purchased for 2.850.000 TL + %10 VAT from X Company andBank transfer is made to X company. Real Estate Service Invoice is 80.000 + %10VAT.Half check is issued and balance is on account. Property tax is 70.000 TL ,paid cash.19 Dec. Borrowed $28,000 from the bank for personal use. The loan carried an interest rate of 6% a year and the first payment was due on 19 January. Williamson signed a note payable to the bank in the name of the business. How would this be journaled, put on an income statment, balance sheet, and cash flow statment for december 31st?2. Agency XYZ established a petty cash fund for P5,000. During the year, out of the petty cash fund, the following were purchased: office supplies worth P500 , Postage Stamps P500, Traveling expense P500. It is the agency practice replenish petty cash fund every end of the period. The following utilities expense were incurred for the period: water expense P5,000, Electricity Expense P8,000 The director also noticed that the curtains of the agency offices were already frayed so new curtains were bought for P8,700 and a new tables and chairs amounting to 14,999. How much is the total MOOE at the end of the period?
- On December 1, Williams Company borrowed $50,000 cash from Second National Bank by signing a 90-day, 5% note payable. a. Prepare Williams' journal entry to record the issuance of the note payable. b. Prepare Williams' journal entry to record the accrued interest due at December 31. C. Prepare Williams' journal entry to record the payment of the note on March 1 of the next year. Essay Toolbar navigation BIUS = 山 EE三、Blue Corp rents out fishing tools. The company requires a returnable deposit with each rental service. During May, the company collected $9,000 customer deposits. The amount of deposit forfeiture 10% of the total deposits. Which one of the following journal entries is correct to record deposit forfeiture? Debit Returnable deposit $900; Credit Cash $900 O Debit Returnable deposit $900; Credit Sales revenue $900 Debit Cash $450; Credit Returnable deposit $450 Debit Cash $900; Credit Returnable deposit $900Journal entry for: Feb1: paid rent for February amounting to $660, cheque#3354. Feb1: Tee R Us decided to establish a petty cash fund for the office. A cheque #3355 of $500 was issued and cashed
- On December 1 of the current year, Jordan Inc. assigns 125,000 of its accounts receivable to McLaughlin Company for cash. McLaughlin Company charges a 750 service fee, advances 85% of Jordans accounts receivable, and charges an annual interest rate of 9% on any outstanding loan balance. Prepare the related journal entries for Jordan. Refer to RE6-10. On December 31, Jordan Inc. received 50,000 on assigned accounts. Prepare Jordans journal entries to record the cash receipt and the payment to McLaughlin.Prepare the journal entries for the following transactions: May 1 Sold $150,000 of goods to Georgia Co. on account. May 30 Collected $30,000 from Georgia Co. June 1 Accepted a $120,000, one-year, 10% note from Georgia Co. for the amount remaining on the account. July 30 After 60 days, discounted the note from Georgia Co. at First National Bank at a 12% interest rate. Required: Prepare the journal entries for the transactions listed. Assume a 360 day year.The Head of the Agency approves the establishment of a P30,000 petty cash fund. Here are the following information for the monthly petty expenses as well as the cash count: Coins and Currencies 7,800 Office Supplies Expense 3,400 Fuel and Oil 10,500 Postage and Courier Expenses 1,900 Maintenance and Operating Expenses 4,000 a. Give the journal entries pertaining to the establishment of the PCF. b. Give the journal entries when the PCF is replenished. c. The journal entries if the PCF is not replenished. d. The journal entries if the PCF is closed. e. How much is the cash shortage(overage)? f. How is the shortage or overage accounted? g. The journal entries for the cash shortage(overage).
- The College Store accepts MasterCard for payments of purchases made by students. The credit card drafts are deposited directly in a bank account. MasterCard charges a 1.55% collection fee. Credit card drafts totalling $10,000 are deposited during August. What increases when recording the sales and deposits? accounts receivable by $9,854 service charge expense by $155 sales by $ 9,854 cash by $10,00018 MNC LLC established Petty cash fund to maintain its small expenses with OMR 100. At the end of the month there is OMR 10 cash and currency in the cash box along with the receipts equal to OMR92. The receipts consist of delivery charges OMR 50, OMR 20 for postage, and office supplies of OMR 22. The petty cash custodian submits the receipts to the accountant and the accountant replenished the funds. Identify the journal entry recorded by the accountant while issuing the check to the custodian. a. Dr Delivery charges OMR 50, Dr Postage charges OMR 20 Dr Office supply charges and Cr Cash A/C OMR92 b. Dr Cash short expenses OMR2, Dr Cash A/C OMR 90 and Cr Delivery charges OMR 50, Cr Postage charges OMR 20, Cr Office supply expenses OMR22 c. Dr Delivery charges OMR 50, Dr Postage charges OMR 20, Dr Office supply expenses OMR22, Dr Cash short expenses OMR2 and Cash A/C OMR 94 d. Dr Delivery charges OMR 50, Dr Postage charges OMR 20, Dr Office supply expenses OMR22 and Cr Over cash…Leach Company borrowed $95,000 cash by issuing a note payable on June 1, Year 1. The note had an 6 percent annual rate of interest and a one-year term to maturity. Required: a. What amount of interest expense will Leach recognize for the year ending December 31, Year 1? b. Record the issue of notes payable and recognition of interest on December 31, Year 1, in the accounting equation for Year 1. c. What amount of cash will Leach pay for interest expense in Year 1? d. What is the amount of interest payable as of December 31, Year 1? e. What amount of cash will Leach pay for interest expense in Year 2? f. What amount of interest expense will Leach recognize in Year 2? g. What is the amount of interest payable as of December 31, Year 2? -