Record the journal entry that would be necessary for each

Assignment Help Accounting Basics
Reference no: EM13570318

Please identify which journal the following belong to. here are your choices : cash payments journal, cash receipts journal, purchases journal, sales journal, and general journal.

1. Cash sale

2. Owner withdrawal of cash

3. cash purchase of land

4 credit sales

5 purchase of merchandise on account

6 receipt of cash for services performed

also ....

The cash register tape for Kelly Kapoor Industries reported sales of $7,109.00.

Record the journal entry that would be necessary for each of the following situations. (a) Cash to be accounted for exceeds cash on hand by $45.50. (b) Cash on hand exceeds cash to be accounted for by $29.50. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.

Account Titles and Explanation

Debit

Credit

(a)

pixel.gif

pixel.gif

pixel.gif


pixel.gif

pixel.gif

pixel.gif


pixel.gif

pixel.gif

pixel.gif

(b)

pixel.gif

pixel.gif

pixel.gif


pixel.gif

pixel.gif

pixel.gif


pixel.gif

pixel.gif

pixel.gif

Click if you would like to Show Work for this question:

Open Show Work

Reference no: EM13570318

Questions Cloud

Genetech has 4000000 in assets have decided to finance 30 : genetech has 4000000 in assets have decided to finance 30 with long-term financing 9 rate and 70 with short-term
Two divisions of a cmi are involved in a dispute division a : two divisions of a cmi are involved in a dispute. division a purchases part 101 and division b purchases part 201 from
Compute the present value of a perpetuity that pays 12961 : compute the present value of a perpetuity that pays 12961 annually given a required rate of return of 10 percent per
Galveston shipyards is considering the replacement of an : galveston shipyards is considering the replacement of an eight year old riveting machine with a new one that will
Record the journal entry that would be necessary for each : please identify which journal the following belong to. here are your choices cash payments journal cash receipts
How much can you spend on a car if the interest rate is : assume that you have saved up 5000 for a down payment on a car. assuming that you can afford a payment of 325 per
Separate the rate of return on assets into the return on : rate of return comparison of different companiesthe following data show five items from the financial statements of
Can you really trust your senses and the interpretation of : sensory perceptionscan you really trust your senses and the interpretation of sensory data to give you an accurate view
The nominal rate of return is 12 when the inflation rate : stock a portfolio weight 20 beta 1.50stock b portfolio weight 50 beta 0.80stock c portfolio weight 30 beta 1.00the

Reviews

Write a Review

Accounting Basics Questions & Answers

  Write a paper of no more than 750 words in which you

write a paper of no more than 750 words in which you discuss the difference between comparative and ratio analysis.

  Comparative financial statements

Omicron Co. made a justifiable change in its method of accounting for long-term contracts. The cumulative effect of this change in accounting principle should be reported in comparative financial statements:

  Refer to the above data if the product price is 185 at its

answer the next questions parts a and b on the basis of the following cost data for a firm operating in pure

  What are the most important components of the mission

what are the most important components of the mission statement? what are some skills you possess that will be useful

  Journalize the entry to record the issuance of bonds

On the first day of the fiscal year, a company issues a $1,000,000, 7%, 5 year bond that pays semi-annual interest of $35,000., receiving cash of $884,171. Journalize the entry to record the issuance of the bonds.

  Determine the valuation of the inventory at the lower of

the following information was taken from the inventory records of the peter park companyproductabcdereplacement

  Calculate how much estate tax would have been saved

Harold and Maude are married and live in a common-law state. Neither have made any taxable gifts and Maude owns (holds title) all their property. She dies with a taxable estate of $15 million and leaves it all to Harold. He dies several years late..

  One of the employees of rf corporation recently was

one of the employees of rf corporation recently was involved in an accident with one of the corporations delivery vans.

  Problem related to debit and credit columns

After net income is entered on the work sheet, the Balance Sheet debit and credit columns must:

  Heckaman corporation produces and sells a single product

heckaman corporation produces and sells a single product. data concerning that product appear below. selling price per

  Set up the flexible budget showing three different growth

budgeting is an important internal activity. preparing budgets involve forecasting sales and estimating costs. for this

  X company is uncertain what next years required production

x company is considering buying a part next year that they currently make. this years total production costs for 11400

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