Taylor Smith is a singer who has experienced international success in her career. On May 1, 2023, Taylor started her business, Glitter and Gold Studio, where she teaches singing. The following activities occurred during July, the third month of operations: July 1 Purchased supplies including sheet music on credit for $150. 2 Collected $7,800 in advance for singing lessons to be delivered in August. 3 Collected $3,900 for teaching singing lessons in July. 4 Paid $4,900 to rent her music studio for the month of July.. 5 Paid $900 for supplies purchased on account last month. 15 Taylor Smith withdrew cash of $850 to do some personal shopping on the weekend. 20 Paid her assistant wages of $1,800. 31 Purchased new microphone equipment on credit for $1,250. Required: 1. Prepare journal entries to record the July transactions.

Taylor Smith is a singer who has experienced international success in her career. On May 1, 2023, Taylor started her business, Glitter and Gold Studio, where she teaches singing. The following activities occurred during July, the third month of operations: July 1 Purchased supplies including sheet music on credit for $150. 2 Collected $7,800 in advance for singing lessons to be delivered in August. 3 Collected $3,900 for teaching singing lessons in July. 4 Paid $4,900 to rent her music studio for the month of July.. 5 Paid $900 for supplies purchased on account last month. 15 Taylor Smith withdrew cash of $850 to do some personal shopping on the weekend. 20 Paid her assistant wages of $1,800. 31 Purchased new microphone equipment on credit for $1,250. Required: 1. Prepare journal entries to record the July transactions.

Name: Please help me. Thankyou. Problem 2-12A Journalizing, posting, prepari
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Description: Please help me. Thankyou. Problem 2-12A Journalizing, posting, preparing a trial balance and financial statements LO1, 3, 4, 5, 6Taylor Smith is a singer who has experienced international success in her career. On May 1, 2023, Taylor started her busi

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 1WT

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Instructions to chapter 10 exercises - Word eview View Help Y Tell me what you want to do AaBbCcDc AaBbCcDc AaBbC AABBCCD AaB AaBbCcD 1 Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Paragraph Styles Exer 10-4 Entries for notes payable Obj. 1 A business issued a 120-day,5% note for $60,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest. Exer 10-6
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Journal Entires for transaction June 20 Repaired a damaged steering mechanism for customer Darren O'Malley and also installed a new Hickster Pipe. Mr. O'Malley was billed for 3.25 hours of labor, accessories totaling $430.00, plus sales tax. He paid with a bank credit card. Merchandise listed on the sales invoice: Stock Number....................Item.................Quantity.............Net Cost Per Unit BM102 .......................HICKSTER PIPE............1...........................$215.00 Sales Tax 8% Labor cost $65/hour
Charr Import favorites (1) Home - MyswC Other favorites Exit Assignment x III 0 of 115 Concepts completed (1) Due in less than 12 hours Multiple Choice Question assuming accrual accounting? $1,000 of revenue should be recorded in May. $500 of revenue should be recorded in May and $500 in June. $1,000 of revenue should be recorded in June. Need help? Revlew these concept resources. Read About the Concept