Determine how do journalize the transactions

Assignment Help Accounting Basics
Reference no: EM132473708

Selected transactions for M. Coronado, an interior decorator, in her first month of business, are as follows.

Point 1: Jan. 2 Invested $14,200 cash in business.

Point 2: 3 Purchased used car for $4,260 cash for use in business.

Point 3: 9 Purchased supplies on account for $710.

Point 4: 11 Billed customers $3,408 for services performed.

Point 5: 16 Paid $497 cash for advertising.

Point 6: 20 Received $994 cash from customers billed on January 11.

Point 7: 23 Paid creditor $426 cash on balance owed.

Point 8: 28 Withdrew $1,420 cash for personal use by owner.

Question 1: How do I Journalize the transactions. ?

Reference no: EM132473708

Questions Cloud

What stood out to you about the branch davidian cult : What stood out to you about the Branch Davidian cult that you would like to discuss more with the class? What do you think about the confrontation that took.
Determine the value of the bond to a friend of yours : A bond with a $1,000 face value and a 10 percent annual coupon rate matures in 15 years.
Bond nominal yield to maturity and nominal yield to call : What are the bond's nominal yield to maturity and its nominal yield to call? Do not round intermediate calculations. Round your answers to two decimal places.
How might self-efficacy influence the student issues : There comes a time as an instructor when you must face criticism from a frustrated student. Rather than responding defensively, it is often more helpful.
Determine how do journalize the transactions : Determine How do Journalize the transactions. 3 Purchased used car for $4,260 cash for use in business. 20 Received $994 cash from customers billed on January
Define the accuracy of the characters portrait of autism : Provide your opinion on: a) the accuracy of the character's portrait of autism, b) how its behavior was handled, c) introduction of Julia to Big Bird.
Summarize the court case and explain its outcome : Court Case: Stefan Jaynes v. Newport News Public School District. Summarize the court case and explain its outcome. Express your opinion.
Why is the report created : What reports are used by you or your co-workers? Who creates them? Why is the report created? What decision does the report help with?
What are some accounting tools that show upper management : What are some accounting tools that show upper management that the person running a department, process, or team is accountable to their function

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