User Account

All Pages

Analyze and record the journal entries for transaction

Assignment Help Financial Accounting
Reference no: EM132580146

Question 1: Analyze and record the journal entries for following transactions-

Bell's company had the following transactions in the month of August

August 1 Joseph Eetok , the owner, invested $20,000 cash into the business

And also invested a photography equipment with a fair value $42,000

1 Rented a studio, paying $12,000 for the next three months in advance.

5 Purchased Office Supplies for $1,800 cash

20 Received $9,200 in photography revenue

31 Paid $1,400 for August utilities

Reference no: EM132580146

Questions Cloud

Which future benefit from deferred tax asset not be realized : If it is more likely than not that future benefits from a deferred tax asset will not be realized in its entirety, a(n)? expense allowance is established.
What is overall net gain or loss for owning : What is your overall net gain or loss for owning this put option per unit in US dollars as a rational investor?
Ethical and privacy concerns associated : Develop examples of ethical and privacy concerns associated with data supporting business intelligence efforts.
Describe interest rate fundamentals : Describe interest rate fundamentals, the term structure of interest rates, and risk premiums.
Analyze and record the journal entries for transaction : Analyze and record the journal entries for following transactions. August 1 Joseph Eetok , the owner, invested $20,000 cash into the business
Calculate the appropriate cross rate of pound : Assume the following information for a bank quoting on spot exchange rates:
Prepare ledger accounts to record the transaction : Prepare ledger accounts to record the transaction.On 1 August, it was decided to issue 300 000 ordinary shares on the following terms
Calculate the forward premium in percentage : In Canada the inflation rate is 3.5%, and the interest rate is 5%, while in the US the inflation rate is 1% and the interest rate
Strategy formulation and strategy implementation : What is the difference between strategy formulation and strategy implementation? What are the different levels of strategy?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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