Jun. Jun. 5 Jun. 9 Jun. 14 Jun. 18 Jun. 21 Jun. 25 Jun. 28 Parker opened an accounting firm by c buting fair market value of $5,300 in exchange for common stock Paid monthly rent of $1,300 Purchased office supplies on account, $600 Paid employee's salary, $1,900 Received arbill for utilities to be paid next month, $370 Paid $500 of the accounts payable created on June 9 Performed accounting services on account, $5,700. Paid cash dividends of $6,700.

Jun. Jun. 5 Jun. 9 Jun. 14 Jun. 18 Jun. 21 Jun. 25 Jun. 28 Parker opened an accounting firm by c buting fair market value of $5,300 in exchange for common stock Paid monthly rent of $1,300 Purchased office supplies on account, $600 Paid employee's salary, $1,900 Received arbill for utilities to be paid next month, $370 Paid $500 of the accounts payable created on June 9 Performed accounting services on account, $5,700. Paid cash dividends of $6,700.

Name: please help me to solve this problem 2ceMore infoJun. 1Jun. 5Jun. 9Jun
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Description: please help me to solve this problem 2ceMore infoJun. 1Jun. 5Jun. 9Jun, 14Jun. 18Jun. 21Jun. 25Jun. 28Parker opened an accounting firm by contributing $13,200 cash and office furniture with afair market value of $5,300 in exchange for common stockPai

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 4.5C

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Collection of Amounts Previously Written Off Hannah purchased a laptop computer from Perry Corp. for $1,500. Hannahs receivable has been outstanding for over 180 days, and Perry determines that the total amount is uncollectible and writes off all of Hannahs debt. Hannah later receives a windfall and pays the amount of her balance to Perry Corp. Required: Make the appropriate journal entries (if any) to record the receipt of $450 by Perry Corp.
Lavender Company started its business on April 1, 2019. The following are the transactions that happened during the month of April. Prepare the journal entries in the journal on Page 1. A. The owners invested $7,500 from their personal account to the business account. B. Paid rent $600 with check #101. C. Initiated a petty cash fund $250 check #102. D. Received $350 cash for services rendered. E. Purchased office supplies for $125 with check #103. F. Purchased computer equipment $1,500, paid $500 with check #104, and will pay the remainder in 30 days. G. Received $750 cash for services rendered. H. Paid wages $375, check #105. I. Petty cash reimbursement Office Supplies $50, Maintenance Expense $80, Miscellaneous Expense $60. Cash on hand $8. Check #106. J. Increased Petty Cash by $70, check #107.
construct the Journal Entry of the transaction: Date/# Account Title Debit Credit Oct-01 Garcia invested P30,000 cash to start his business. 2 Purchased medical Supplies on account, P10,000 2 Paid monthly office rent of P4,000. 3 Recorded P5,000 revenue for service rendered to patients: received cash of P2,000 and sent bills to patients for the remainder. 15 Borrowed P50,000 from the bank, signing a note payable 22 Performed service for patients on account, P3,600 30 Received cash from patients billed on September 3, P2,000 31 Received and paid a utility bill, P200 31 Paid monthly salary to nurses, P3,000 31 Paid interest expense of P200
Prepare all the required Journal entries? 25 Paid utilities expense, P1,750. 26 Paid P20,000 on the bank loan. 27 Received cash from Ms. Ferrer, P10,000. 28 Paid salary of worker, P5,000 29 Paid Delta a portion of the amount owed for equipment, P5,000. 30 Withdrew cash for personal use, P3,500.
I. Classroom > docs.google.com EE Untitled Section resented below is information related to Alrand firm.Oct. 1 Arnold Conan begins business as a real estate agent with a cash investment of£18,000 in exchange for shares. 2 Hires an administrative assistant. 3 Purchases office equipment for £1,700, on account. 6 Sells a house and lot for B. Clinton; bills B. Clinton £4,200 for realty services performed. 27 Pays £900 on the balance related to the transaction of October 3. 30 Pays the administrative assistant £2,800 in salary for October. Instructions 1- Journalize the transactions. 2-The T- accounts below summarize the ledger إضافة ملف
rrent Attempt in Progress n providing accounting services to small businesses, you encounter the following situations. 1. 2. Lily Corporation rings up cash sales and sales taxes separately on its cash register. On April 10, the register totals are pre-tax sales of sales $4,200 plus GST of $210 and PST of $336. (i) During the month of March, Bramble Corporation's employees earned gross salaries of $60,000. Withholdings deducted from employee earnings related to these salaries were $3,254 for CPP, $948 for El, $7,050 for income taxes. (ii) Bramble's employer portions were $3,254 for CPP and $1,327 for El for the month. Prepare the journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)
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wner contributed computer costing RO. 9000, inventory worth OR 8000 and in cash OR 32000 . What is his Capital ? Select one: a. OR 49000 b. OR 8000 c. OR 32000 d. OR 39000 Rent revenue received OMR 3500 by cheque . The correct entry--- Select one: a. CASH A/C DR RENT A/C CR b. BANK A/C DR RENT A/C CR c. RENT A/C DR CASH A/C CR d. RENT A/C DR BANK A/C CR If a business has purchased goods for OMR 50000 and 25%was on account . Find out value of account payable? Select one: a. OMR 12500 b. OMR 50000 c. OMR 37500 d. OMR 32500
1 Find the new balance, assuming that the bank charges 2-% per month on the unpaid balance. 2 Previous New Balance Payment Purchases $592.88 $81.26 A. $575.61 B. $572.61 C. $576.51 O D. $574.41 $50.00
Find out value of account receivable from following Cash P48,000 accounts payable P33,000 office equipment P21,000 owner equity P77,000? a. P110,000 b. P15,000 c. P41,000 d. P21,000
Do its General Ledgers DATE PARTICULARS DEBIT CREDIT 04/01/14 Cash in Bank 99,000 Pretty Cash Fund 1,000 Satake Rice Mill 950,000 Furniture & Fixtures 80,000 E. Esparaguera, Capital 1,130,000 (To record investments) 04/03/14 Diesoline Inventory 15,000 Accounts Payable 15,000 (To record purchased diesoline) 04/05/14 Taxes and Liscenses 2,800 Cash in Bank 2,800 (To record paid licenses and permits) 04/07/14 Advances to Employees 3,000 Cash in Bank 3,000 (To record advance employee salary) 04/08/14 Repairs and Maintenance 500 Petty Cash Fund 500 (To record minor repairs) 04/14/14 Cash in Bank 9,000…
LAns. Cash Hook Dr. Balance 3,830; Bank Dr. Balance t3,010, Dr. side Discount Total 75, Cr. side Disceunt UEDT, a cheque for 30 31 Allowed him discount 13 Sold goods for Cash 14 Paid Banerjee by cheque Discount allowed by him 15 Salaries pajd to staff in Cash 16 Withdrew from Bank for Office use 27 Purchased typewriter and paid by cheque 500 50 150 2.100 (Ans. Cas 131 1.200 ton s00 [Ans. Cash Book Dr. Balancet 1.200, Bank Dr. Balance t 2400, Dr. Discount Total 50; Cr. Discount Total IMP. 120] Prepare a Three Column Cash Book from the following transaction: 2016 Mar. Mar. Мar 1 Started buainess with cash 2 Deposited in State Bank of India 3 Received Cash from Ram Allowed him discount 4 Settled Banshidhar's aceount for 500 by cheque for 480 8 Withdrew from Bank for personal use 6,000 5.500 1.560 Mar 1,560 40 Mar Mar 12 Deposited into Bank 15 Purchased goods and paid by choque Mar 20 Received cheque from Saxona Allowed him discount Mar 24 Sold goods and received cheque Allowed discount…