What is the january 31 balance in the control account

Assignment Help Accounting Basics
Reference no: EM131139888

Nobo Uematsu Company has a balance in its Accounts Payable control account of $8,250 on January 1, 2010. The subsidiary ledger contains three accounts: Jones Company, balance $3,000; Brown Company, balance $1,875; and Aatski Company. During January, the following payable-related transactions occurred.

Instructions

(a) What is the January 1 balance in the Aatski Company subsidiary account?

(b) What is the January 31 balance in the control account?

(c) Compute the balances in the subsidiary accounts at the end of the month.

(d) Which January transaction would not be recorded in a special journal?  

Reference no: EM131139888

Questions Cloud

What is the appropriate degree of employee involement : What is the appropriate degree of employee involement (EI) depends on four "contingencies". How can I rate or evalute the degree of involement associated with a real-world decision-making process.
Supply chain partnerships to achieve global optimization : How can we establish effective supply chain partnerships to achieve global optimization? Explain why strategic alliances are preferred over arm's-length transactions.
Pherigo company uses special journals and a general journal : Prepare a multiple-column cash receipts journal (see Illustration 7-9) and a multiple-column cash payments journal (see Illustration 7-16). (Use page 1 for each journal.)
Montalvo company uses special journals : Record the transaction(s) for September that should be journalized in the sales journal and the purchases journal.
What is the january 31 balance in the control account : Which January transaction would not be recorded in a special journal?
Distinguish between the concepts of mission and vision : Distinguish between the concepts of mission and vision. Provide examples in your explanation.
Trade-offs between cost and risk for commodity products : What are the trade-offs between cost and risk for commodity products? What types of issues are addressed between a buyer and seller to enhance supply chains? How can we establish effective supply chain partnerships to achieve global optimization?
Explain role-relative importance of relationship building : Explain the role and relative importance of relationship building. what are the styles and tactics involved. the use of nonverbal behaviors. what factors should be considered when negotiating cross culturally?
Delivers training results-work environment support training : How Nick's Pizza Delivers Training Results At first glance, Nick's Pizza & Pub sounds as ordinary as a company can be: a pizza restaurant with two locations, each in one of Chicago's northwest suburbs. But when you take a look at the company's perfor..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Xy and z are partners sharing profits in 432in future they

xy and z are partners sharing profits in 432in future they wanted to share profits equally.on that datetheir boos shows

  Cost of goods sold and gross profit rate

At the beginning of the year, Downtown Athletic had an inventory of $200,000. During the year, the company purchased goods costing $800,000. If Downtown Athletic reported ending inventory of $300,000 and sales of $1,050,000, their cost of goods so..

  Units production-materials and conversion costs

Compute equivalent units production for both materials and conversion costs.

  What is the future value

What is the future value of $600 saved every six months for a year at the end of the first year at 10% APR?

  Semiannual interest payments

Company B issued $3,000,000 of a bond on 1-1-x1. Since the market interest rates were lower than the bond interest rate, the bonds were sold for a premium. The company received $3,200,000 for the bonds with a 20 year life, 10%, semiannual interest pa..

  Consider the equation xsup2 ysup2 zsup2 1 let x1 y1 z1

consider the equation xsup2 ysup2 zsup2 1. let x1 y1 z1 and x2 y2 z2 be two sets of values of x y z satisfying the

  Prepare a list of customers and prove the agreement

Prepare a list of customers and prove the agreement of the controlling account with the subsidiary ledger at September 30, 2010.

  Eva received 60000 in compensation payments from jazz corp

eva received 60000 in compensation payments from jazz corp. during 2014. eva incurred 5000 in business expenses

  Bought promotional materials and plane tickets

Bought promotional materials and plane tickets for Tour de France, for $30,000 in cash and recorded the entire amount as advertising expense.

  Duggan company applies manufacturing overhead to jobs on

duggan company applies manufacturing overhead to jobs on the basis of machine hours used. overhead costs are expected

  Phillipson corporation has two divisions the ieb division

phillipson corporation has two divisions the ieb division and the pih division. the corporations net operating income

  What is the feasibility of my proposed repurchase plan

on january 1 2009 carlin corporation issued 2400000 of 5-year 8 bonds at 95 the bonds pay interest semiannually on july

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