User Account

All Pages

Prepare a simple journal entry

Assignment Help Accounting Basics
Reference no: EM132654227

Question - On March 1, 2010, Mr. Ruel Santos opens a current account with Allied Banking Corporation amounting to P700,000 to start with his laundry shop business under the trade name Gensan Laundry Services. On March 3, 2010 he purchased laundry supplies for cash, P40,000 from Gaisano Mall. Prepare a simple journal entry with these following transactions.

Reference no: EM132654227

Questions Cloud

Describe the aspect of the future of work and society : Consider one aspect of the future of work and society you would be most excited to see changed. What would need to be understood and/or done differently now.
Ethics and Trust in Critical Thinking Decisions : Imagine you are seeking information on a new car that you are thinking of buying. Discuss the key factors involved in assessing the amount of trust
How much of the distribution is taxable to steve : How much of the distribution is taxable to Steve? Steve and Naomi are both age 41. Steve decided to quit his job and received a total distribution
How much of jack disability payments are taxable : Jack, 60, retired in March on disability. Before retirement, his employer paid 100%. How much of Jack's disability payments are taxable?
Prepare a simple journal entry : On March 3, 2010 he purchased laundry supplies for cash, P40,000 from Gaisano Mall. Prepare a simple journal entry with these following transactions
Health Issues And Behaviors : Obesity is a major health issue in the United States. What environmental factors do you believe have contributed to obesity?
What amount of federal taxes must pay : Doris was 70 ½ on May 20, 2018. Assume that her federal tax rate is 22%. What amount of federal taxes must she pay on her $3,000 withdrawal?
What role did policy and legalities play in the disaster : Conduct a thorough, critical analysis of the article and its points. Support your analysis with critical thinking that clearly demonstrates an informed.
Security and liberty and homeland security bureaucracy : Benjamin Franklin said, "Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety."

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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