Analyze the transactions and record a journal entry

Assignment Help Accounting Basics
Reference no: EM133357646

  1. Gave a cash refund of $750 to a customer because of a lost package. (The customer had previously paid in cash.)
  2. Sent a check for $1,050 to the utility company to pay the monthly bill.
  3. Provided services for $7,800 on credit.
  4. Purchased new equipment for $4,600 and paid for it immediately by check.
  5. Issued a check for $3,500 to pay a creditor on account.
  6. Performed services for $15,250 in cash.
  7. Collected $6,250 from credit customers.
  8. The owner made an additional investment of $25,000 in cash.
  9. Purchased supplies for $3,250 on credit.
  10. Issued a check for $3,750 to pay the monthly rent.

Analyze the above transactions and record a journal entry for each transaction.

Reference no: EM133357646

Questions Cloud

How does a young person identify positive role model : In a wave of social media influencers on digital platforms how does a young person identify positive role models and leaders to emulate?
Determine whether honker conduct is discriminatory : Consider the above-described fact situation. Determine whether Honker's conduct is discriminatory. If so, what type of claim should Fiona file.
How tax liability on foreign earned income is to be computed : MBA 6314 University of Houston, Look up Checkpoint to identify and cite the paragraph in the IRC that sheds light on how tax liability on foreign earned income
Explain the four moral principles in bioethics : Explain which of the four moral principles in bioethics you think is/are most relevant to the Bouvia case, and why.
Analyze the transactions and record a journal entry : Analyze the above transactions and record a journal entry for each transaction -Sent a check for $1,050 to the utility company to pay the monthly bill
How was tanya hardings plea deal an ethical dilemma : How was Tanya Harding's plea deal an ethical dilemma? Explain your answer incorporating the definition given in the lecture.
What was this case about and what does it mean to you : What was this case about and what does it mean to you? Give basic details. Did the patient have a reasonable expectation that the second visitor was a physician
Look up checkpoint to identify and cite the paragraph : ACC 4325 University of Houston, Downtown Look up Checkpoint to identify and cite the paragraph in the IRC that sheds light on how tax liability on foreign
Summary of dichotomy as it exists in the modern worldview : A brief summary of the dichotomy as it exists in the Modern Worldview (i.e. what does Hiebert say about it).

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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