Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Record the transactions below for Amena Company by recording the debit and credit entries directly in the following T-accounts: Cash; Accounts Receivable; Office Supplies; Office Equipment; Accounts Payable; Common Stock; Dividends; Fees Earned; and Rent Expense. Use the letters beside each transaction to identify entries. Determine the ending balance of each T-account.
a. Sergey Amena, owner, invested $14,000 cash in the company in exchange for its common stock.b. The company purchased office supplies for $406 cash.c. The company purchased $7,742 of office equipment on credit.d. The company received $1,652 cash as fees for services provided to a customer.e. The company paid $7,742 cash to settle the payable for the office equipment purchased in transaction c.f. The company billed a customer $2,968 as fees for services provided.g. The company paid $510 cash for the monthly rent.h. The company collected $1,246 cash as partial payment for the account receivable created in transaction f.i. The company paid $1,200 cash for dividends.
you have received the bank statement for your companys account and need to reconcile it with your cash ledger account.
Tina and Betty formed a partnership. Tina received a 40 percent interest in the partnership in exchange for land with an adjusted basis to her of $60,000 and a fair market value of $80,000.
Prepare the journal entries for the June 30, 2013, interest payment by Madison and the conversion of the bonds (book value method).
computer corp. reinvests 70 of its earnings in the firm. the stock sells for 45 and the next dividend will be 2.70 per
The land has a fair market value of $88,000. What is Robert's adjusted basis for the land?
Englehart Company sells two types of pumps. One is large and is for commercial use
suppose that the financial management corporations 1000 par-value bond had a 5.700 coupon matured on may 15 2017 had a
You Have saved $4000 for a down payment on a new car. the largest monthly payment you can afford is $350. the loan will have a 12% APR based on end of month payments. what is the most expensive car you can afford if you finance it for 48 months? 6..
What is the basis of the Purple Corporation stock, the per share basis, and gain recognized upon receipt of the common stock dividend?
What is Tom's AGI for 2010?
Calculate the following variances: Direct manufacturing labor rate variance, Direct manufacturing labor usage variance, Direct materials price variance (how we did it in the chat session), Direct materials usage variance
Compute the (a) inventory turnover, defined as cost of goods sold divided by average inventory, and (b) days' sales in inventory, defined as 365 times ending inventory divided by cost of goods sold, for both its raw materials inventory and its fin..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd