Prepare kasey''s journal entry to record

Assignment Help Accounting Basics
Reference no: EM13873317

Kasey's Cake Shop made $20,000 in sales of wedding cakes in July. All of these sales were on bank credit cards.The credit card company charges a 3.5% collection fee. Prepare Kasey's journal entry to record the credit card sales.

Reference no: EM13873317

Questions Cloud

Raised the maximum amount of short-term funds : The Nelson Company has $1,312,500 in current assets and $525,000 in current liabilities. Its initial inventory level is $375,000, and it will raise funds as additional notes payable and use them to increase inventory. What will be the firm’s quick ra..
Discuss the process that vw is going through in re-inventing : Discuss the ways that CRM systems will be leveraged during the recall process and discuss the ways that Supply Chains are impacted during the recall process
Explain the role and relationships among health care mission : Explain the role and relationships among health care mission
Prepare newton enterprises'' journal entry : Prepare Newton Enterprises' journal entry.
Prepare kasey''s journal entry to record : Prepare Kasey's journal entry to record the credit card sales.
Journal entry of phillips corporation to record the discount : Prepare the journal entry of Phillips Corporation to record the discounted note.
What amount will porter receive at the time lease expires : The deposit will be returned at the expiration of the lease with interest compounded at 4% per year. What amount will Porter receive at the time the lease expires?
How has social media affected are young women? : How has social media affected are young women?
Prepare the bank reconciliation of meyer company : Meyer's records show a $600 deposit in transit and $100 of outstanding checks at the end of April. Prepare the bank reconciliation of Meyer Company for April.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Proble related to property management firm

She has a property management firm make all management decision for her. During 2010 she incurred a loss, for tax purposes, of 30,000 on the office building. How must Mary Beth treat this on her 2010 tax return?

  The companys sales manager wants to reject the order

a tv company produces wall mounts for flat screen tvs. the forecasted income statement for 2009 follows sales 48 per

  Ariane electronics power supply devices in their plant

ariane electronics power supply devices in their plant located in malayasia. the pwoer supply supplies are used in

  The empire hotel is a full-service hotel in a large city

the empire hotel is a full-service hotel in a large city. empire is organized into three departments that are treated

  Why traditional functional income statement is not suitable

Explain why a traditional functional income statement is not suitable for the Cost Volume Profit (CVP) analysis. What is the key point that makes a contribution approach income statement useful for CVP relationship analysis.

  Revenue to be recognized in special revenue fundsbonds

the following relate to the town of coupland dollar amounts in thousands equipment used in a vehicle repair service

  Assume that apple has received a special order from a

assume that apple has received a special order from a retailer for 1000 specially outfitted imacs. this is a one-time

  Determine the minimum floor price that shorewood shoes

special order pricing - shorewood shoes company makes and sells a variety of leather shoes for children.nbspnbspfor its

  On january 1 2012 winston company purchased 6 bond for

on january 1 2012 winston company purchased 6 bond for 50000 cash. interest is payable semiannuallyon july 1. the

  On july 1 browning corporation purchases 550000 shares of

on july 1 browning corporation purchases 550000 shares of its 6 par value common stock for the treasury at a cash price

  Helix corporation produces prefabricated flooring in a

helix corporation produces prefabricated flooring in a series of steps carried out in production departments. all of

  Record the bond pruchase on august 1, 2010

On August 1, 2010, Dambro Co acquired 200, $1,000, 9% bonds at 97 plus accrued interest. The bonds will be added to Dambro's available for sale portfolio. The bonds were dated May 1, 2010, and mature on April 30, 2016, with interest paid each October..

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