Which january transaction would not be recorded

Assignment Help Accounting Basics
Reference no: EM131139883

Yu Suzuki Company has a balance in its Accounts Receivable control account of $11,000 on January 1, 2010. The subsidiary ledger contains three accounts: Smith Company, balance $4,000; Green Company, balance $2,500; and Koyan Company. During January, the following receivable-related transactions occurred.

Instructions

(a) What is the January 1 balance in the Koyan 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 specialjournal?  

Reference no: EM131139883

Questions Cloud

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..
Which january transaction would not be recorded : What is the January 1 balance in the Koyan Company subsidiary account?
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.
Find the de broglie wavelength and frequency of an electron : 1. Find the de Broglie wavelength and frequency of an electron whose speed is 10% of the speed of light. Using the EM spectrum chart, what kinds of EM waves could this de Broglie wavelemgth represent? Please show all calculations and explanations!
Presented below is the subsidiary accounts receivable : Presented below is the subsidiary accounts receivable account of Jeremy Dody.
What is the balance of the accounts receivable : What is the balance of the Accounts Receivable control account after the monthly postings on July 31?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Quality marble inc

On January 29, Quality Marble Inc., a marble contractor, issued for cash 75,000 shares of $10 par common stock at $23, and on May 31, it issued for cash 100,000 shares of $4 par preferred stock at $6.

  Describe the appropriate monetary policy

Describe the appropriate monetary policy that the Bank of Canada should be operating, given the above situation.

  In your research you found significant conflicting issues

in your research you found significant conflicting issues between global reporting standards. these affect every audit

  Taxation and research memorandum

The Pima and Southern Railroad (PSRR) is a small railroad operating in rural Arizona. It exists by carrying freight to remote areas of the southwest. This year the PSRR needs to replace a 30-mile section of its track. The PSRR has bids from a cont..

  Problem associated to fair market value

Joe owns 100% of Green Corporation (E & P) of $500,000 and 100% of Navy Corporation (E & P of $400,000). Joe sells 100 shares in Green (basis of $40,000) to Navy for $70,000, its fair market value. Joe purchased the stock in Green six years ago.

  Employs five people in its production department

The Theatre Arts Guild of Miami employs five people in its production department. These people layout paget for pamphlets, brochures, magazines, and other publications for the TAG-M productions.

  Determine the minimum price hopkins would want to receive

hopkins manufactures a single product with the following full unit costs for 6000 units direct materials 80 direct

  Palo alto corporation is considering purchasing a new

palo alto corporation is considering purchasing a new delivery truck. the truck has many advantages over the companys

  Opportunity cost to the seller

The current annual interest rate is 3%. You buy a car for $25,000 with full payment due in 6 months. What is the opportunity cost to the seller?

  Compute the equivalent units for materials using fifo

Compute the equivalent units for materials using FIFO.

  Jay gatsby owner of the great gatsby supply company was

jay gatsby owner of the great gatsby supply company was reviewing monthly income statements for each month of 2010. he

  Discuss the business environment at xerox

Discuss the similarities and differences between the indicators of finance leases under IFRS and the criteria for capitalizing leases under U.S. GAAP and explain which approach you believe most accurately reflects the information on the financial ..

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