User Account

All Pages

Josh borke engaged in the following activities

Assignment Help Accounting Basics
Reference no: EM131138561

Josh Borke engaged in the following activities in establishing his photography studio, Picture This!:

1. Opened a bank account in the name of Picture This! and deposited $8,000 of his own money into this account as his initial investment.

2. Purchased photography supplies at a total cost of $1,100.The business paid $400 in cash and the balance is on account.

3. Obtained estimates on the cost of photography equipment from three different manufacturers. In what form (type of record) should Josh record these three activities? Prepare the entries to record the transactions. 

Reference no: EM131138561

Questions Cloud

What is the effect of the product life cycle on marketing : What is the relationship between differentiation and positioning of products or services? Is the repositioning of the product in the simulation as you had expected it to be? Explain why or why not.
Prepare a trial balance in good form : The following accounts are taken from the ledger of Boardin' Company at December 31, 2010.
Josh borke recorded the following transactions : Post these entries to the Cash T-account of the general ledger to determine the ending balance in cash. The beginning balance in cash on April 1 was$1,600.
Analyze the importance of competitive intelligence : Write a 1,050- to 1,400-word paper in which you justify the importance of marketing research in the development of Kudler Fine Food's marketing strategy and tactics, and identify the areas where additional market research is needed.
Josh borke engaged in the following activities : Purchased photography supplies at a total cost of $1,100.The business paid $400 in cash and the balance is on account.
How must acquirer account for the given transaction : Acquiree Co is a 90% owned subsidiary of Acquirer Co. How must Acquirer account for this transaction? Discuss your answer with proper citations to the tax code.
Identify the balance sheet accounts that josh will likely : Identify the balance sheet accounts that Josh will likely need to record the transactions needed to open his business. Indicate whether the normal balance of each account is a debit or credit.
Review annual reports for pepsico inc and coca-cola company : Review the annual reports for PepsiCo, Inc. and The Coca-Cola Company in Appendixes A & B, especially the Consolidated Statements of Income and the Balance Sheets on pp. A4, A6, B1, & B2 of Financial Accounting.
Why some want to prevent trade barriers from being reduced : What is a reason why some would want to prevent trade barriers from being reduced? - Some want to prevent trader barriers from being reduced because they:

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the intangible assets section of the companys

a company entered into a franchise agreement to operate a franchised location beginning on january 1 2014. the terms of

  On the first day of the fiscal year a company issues a

on the first day of the fiscal year a company issues a 1000000 7 5 year bond that pays semi-annual interest of 35000

  Bear is expecting a 20-cent increase in variable expenses

bear publishing sells a nature guide. the following information was reported for a typical month sales volume is

  On 1st april 2010 johny purchased five machines for 60000

on 1st april 2010 johny purchased five machines for 60000 each. depreciation 10 p.a. on initial cost has been charged

  Problem regarding the set of financial statements

The following listing of accounts and their respective balances for MAST Co. Inc. at December 31, 2007, on page 2 needs to be assembled into a set of financial statements. You are to prepare in good form a:

  What is the present value of 500 per year for ten years at

what is the present value of 500 per year for ten years at 12 percent assuming a regular or ordinary

  Problem regarding the accruals and deferrals

For the following situations, indicate whether each involves a deferred expense (DE), a deferred revenue (DR), an accrued liability (AL), or an accrued asset (AA).

  Explain to ed why statement

Explain purpose and process: You are in the middle of preparing the Statement of Cash Flows when Ed looks over your shoulder and asks what you are doing.

  Discuss and differentiate straight line method of

differentiating depreciation methods discuss and differentiate straight line method of depreciation and accelerated

  Treasury stock transactions problem

Prepare journal entries (1, 2, and 4) and show proper disclosure (3) to reflect the following treasury stock transactions showing how each is accounted for under the cost method. (Show computations.)

  Revenue-generating departments

Many people still believe that companies care little about human resource management compared to other revenue-generating departments. Explain why companies have this perception. Describe how you would convince the company's leadership of the valu..

  The units in process at the end of the month are 100

the units in process at the end of the month are 100 percent coomplete with respect to materials and 50 percent

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