The transactions to the accounts

Assignment Help Humanities
Reference no: EM13320320

Simon Klean began an apartment-cleaning business on October 1 and engaged in the following transactions during the month. OCT. 1 Began business by depositing $6,000 in a bank account in the name of business from a personal savings account Oct. 2 Ordered cleaning supplies, $500 Oct. 3 Purchased cleaning equipment for cash, $1,400 OCT. 4 leased a van by making two months lease payments in advance, $600 Oct.7 Received cleaning supplies ordered on Oct.2 and agreed to pay half of the amount in 10 days and the rest in 30 days. Oct. 9 Paid for repairs on the van with cash, $40 Oct. 12 Received cash for cleaning apartments, $480 Oct.17 Paid half the amount owed on supplies that were purchased on October 7, $250 Oct. 21 Billed customers for cleaning apartments, $670 Oct. 24 Paid cash for additional repairs on van, $40 Oct. 27 Received $300 from customers billed on October 21 Oct.31 Paid personal drawn the amount of $350 Objectives 1. set up t accounts and record the transactions to the accounts 2. Prepare journal entries for the transactions 3. Prepare a trial balance for Klean Sweep company as of October 31, 1895.

Reference no: EM13320320

Previous Q& A

  Explain which ion will precipitate first as an ozalate

If a solution contains 0.01M Ca^2+, 0.01 M Zn^2+, and 0.01 M Ni^2+ ions and you want to separate them using aqueous (NH4)2C2O2, which ion will precipitate first as an ozalate, CaC2O4, ZnC2O4, or NiC2O4

  Average variable cost on chopper

You and your friends are thinking about starting a motorcycle company named Apple Valley Choppers. Your initial investment would be $500,000 for depreciable equipment, which should last 5 years, and your tax rate would be 40%. You could sell a cho..

  Determine the true azimuth and bearing for the line


  What is the amount of owner equity

During 2010, the first year of operations, Yaspo's Bakery had revenues of $60,000 and expenses of $33,000. The business had owner drawings of $18,000. What is the amount of owner's equity a December 31, 2010?

  What is the ratio of their speeds

Planet A and Planet B are in circular orbits around a distant star. Planet A is 4.5 times farther from the star than Planet B. What is the ratio of their speeds

  Compute the average rainfall intensity and the total volume

A total of 500 mm of rain fell on a 75 ha watershed in a 10 hour period. Compute the average rainfall intensity and the total volume of rain that fell on the watershed.

  Compute for the process of double stranded dna

Calculate for the process ?G°, ?H°, ?S°, and DCp at 36.8oC (the ‘°' refers to the reference temperature of 36.8°C). Attach all work and a well labeled van't Hoff plot and explain any assumptions you make

  Determine pipe size required at ultimate development stage

The country town with service area of 150 ha is sewered, and the main outfall sewer is laid on a grade (slope) of 0.003 m/m to a treatment plant. Effluent from the treatment plant is at present discharged via an open channel to the river.

  How hidden reserve is drawn down to boost earnings

For each of these transactions, explain when and how a hidden reserve is created. For each of these transactions, explain when and how a hidden reserve is drawn down to boost earnings.

  Find the average distance of comet halley from the sun

Comet Halley has an orbital period of about 75 years. Determine the average distance of Comet Halley from the sun in AU


Write a Review


Similar Q& A

  How should the effectiveness of correctional programs be

How should the effectiveness of correctional programs be measured? What factors must be considered when assessing the effectiveness of incarceration practices in the United States?Please remember that your response must be

  A rigid social caste system

Capitalism allows anyone the American dream of being rich one day. Imagine the U.S having a rigid social caste system. Describe how your life would be different.

  Description of the various methods of therapy

Provide a general description of the various methods of therapy - Psychodynamic Therapies and humanistic Therapies

  Virtues of leaders and logos

Please write a Research Proposal carefully the below passage - combine the Logos of Heraclitus in Leadership and Phronesis. Heraclitus was a pre-Socratic Philosopher. This means that he lived before Plato and Aristotle.

  How your idea will solve the company’s efficiency problem

Throughout the course of this class, yourcooking oilcompany has grown exponentially. Because of that, there a lot of new ideas about how to make your company more efficient.

  An american manager can often be heard to start out saying

Answer the below in essay format of 300+ words and include at least 2 cited references in APA 6th Ed. format. An American manager can often be heard to start out saying

  What did you most want to give to the world

What insights do these answers give me about the direction I would like my life to take and What situation in the world, in your nation, or in your community do you notice yourself complaining about the most? "Somebody really ought to do something ..

  Clearly defined issue, present the premise that supports the

The assignment is write a two-page assignment based on a logical argumentation steps.1. Identify the issue2. Present the premises3. Present an address counter argument4. Conclusion and summary5. References.

  Difference between schizophrenia and dissociative

What is the difference, if any, between Schizophrenia and Dissociative Identity Disorder and mark says he doesn't make snap judgments, but waits until he knows people. Do you think Mark does what he claims?

  Do you think medical marijuana should be legal in the united

Your paper should ONLY be based on the documentary. I know that there have been a lot of changed to the issue since this film was made - however, this is the best example of how all the sectors we talk about in class interact over one issue.

  Find the navigation through the site easy and understandable

What is your overall impression and what do you like about the site - Did you find the navigation through the site easy and understandable or confusing If it was confusing, how would you do it differently?

  Formal critical essay related the enquiry question

Construct a formal critical essay related the enquiry question by synthesising the most relevant, credible infromation available to you from the sources you have collected and evaluated.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd