Required information Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4,2-5, 2-6) [The following information applies to the questions displayed below.] Boilermaker House Painting Company incurs the following transactions for September. 1. September 3 Paint houses in the current month for $18,500 on account. 2. September 8 Purchase painting equipment for $19,500 cash. 3. September 12 Purchase office supplies on account for $3,200. 4. September 15 Pay employee salaries of $3,900 for the current month. 5. September 19 Purchase advertising to appear in the current month for $1,000 cash. 6. September 22 Pay office rent of $5,100 for the current month. 7. September 26 Receive $13,500 from customers in (1) above. 8. September 30 Receive cash of $5,700 in advance from a customer who plans to have his house painted in the following month. Exercise 2-20A Part 3 3. Prepare a trial balance.

Required information Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4,2-5, 2-6) [The following information applies to the questions displayed below.] Boilermaker House Painting Company incurs the following transactions for September. 1. September 3 Paint houses in the current month for $18,500 on account. 2. September 8 Purchase painting equipment for $19,500 cash. 3. September 12 Purchase office supplies on account for $3,200. 4. September 15 Pay employee salaries of $3,900 for the current month. 5. September 19 Purchase advertising to appear in the current month for $1,000 cash. 6. September 22 Pay office rent of $5,100 for the current month. 7. September 26 Receive $13,500 from customers in (1) above. 8. September 30 Receive cash of $5,700 in advance from a customer who plans to have his house painted in the following month. Exercise 2-20A Part 3 3. Prepare a trial balance.

Name: please dont give handwritten answer thank you Required informationExer
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: please dont give handwritten answer thank you Required informationExercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4,2-5, 2-6)[The following information applies to the questions displayed below.]Boilermaker Hou

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 3PB: Plumb Line Surveyors provides survey work for construction projects. The office staff use office...

See similar textbooks

Similar questions

The cash payments and purchases journals for Outdoor Artisan Landscaping follow. The accounts payable control account has a June 1, 20Y1, balance of 2,230, consisting of an amount owed to Augusta Sod Co. Prepare a schedule of the accounts payable creditor balances and determine that the total agrees with the ending balance of the accounts payable controlling account.
Plumb Line Surveyors provides survey work for construction projects. The office staff use office supplies, while surveying crews use field supplies. Purchases on account completed by Plumb Line Surveyors during May are as follows: Instructions 1. Insert the following balances in the general ledger as of May 1: 2. Insert the following balances in the accounts payable subsidiary ledger as of May 1: 3. Journalize the transactions for May, using a purchases journal (p. 30) similar to the one illustrated in this chapter. Prepare the purchases journal with columns for Accounts Payable, Field Supplies, Office Supplies, and Other Accounts. Post to the creditor accounts in the accounts payable subsidiary ledger immediately after each entry. 4. Post the purchases journal to the accounts in the general ledger. 5. a. What is the sum of the creditor balances in the subsidiary ledger at May 31? b. What is the balance of the accounts payable controlling account at May 31? 6. What type of e-commerce application would be used to plan and coordinate transactions with suppliers?
Sold goods for $650, credit terms net 30 days. Which journal would the company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journal
wo transactions were posted to the following customer account. NAME: Boogie Board Water WearADDRESS: 2340 Xtreme Surf Date Item Post. Ref. Debit Credit Balance July 1 Balance 805 6 Invoice No. 406 R42 645 1,450 24 Invoice No. 456 CR56 710 740 Describe each transaction and the source of each posting. July 6 Sold $_______on account to Boogie Board Water Wear. July 24 Cash of $_________ was collected from Boogie Board Water Wear.
Current Attempt in Progress Blossom Products uses both special journals and a general journal. Blossom also posts customers' accounts in the accounts receivable subsidiary ledger. The postings for the most recent month are included in the subsidiary T-accounts below. Estes Bal. 260 Bal. 175 Truong 0 100 Gehrke Bal. 185 295 Weiser Bal. 195 220 240 290 100 185 195 Determine the correct amount of the end-of-month posting from the sales journal to the Accounts Receivable control account. Amount of the end-of-month posting from the sales journal to the Accounts Receivable control account $
Parts wriiten Subparts to be solve are the ones to be solved Question Requirement 1For each of the following transactions make the required entries in the General Journal:(See the General Ledger tab in the workbook Chapter 03 b - Problem 3-1 Forms for the accounts in OPJ’s accounting system.)Feb 01 Take $4,000 cash out of Big Bank to pay for February’s warehouse rent.Feb 04 Sale of inventory to a customer – selling price $62,000 – cost of inventory sold $16,000 – customer paid cash which was deposited in Big Bank.Feb 07 Take $10,000 cash out of Little Bank to pay employees for wages they have earned.Feb 15 Sale of inventory to a customer – selling price $88,000 – cost of inventory sold $22,000 – customer will pay in the future.Feb 18 Sale of inventory to a customer – selling price $110,000 – cost of inventory sold $28,000 – customer pays $40,000 cash which is deposited in Little Bank – customer will pay for the remaining amount of the sale in 30 days.Feb 22 Purchase additional…
Interval Answer: A. B. C. Monthly D. on day 1st of every 1 O An unscheduled journal entry O Recording uncollectable receivables O Logging the usage of a prepaid service O Setup of a recurring transfer month(s) Start date 01/01/2026 End After 12 occurrences
Journal entry transactions- double entry system 1) Machinery is purchased for 196.000 TL + %10 VAT , Check is issued . Transportation and Installations invoice is 28.000 TL + %10 VAT half cash paid and half note issued.