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5. Help me selecting the right answer. Thank you

please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly

Marin Shed Solutions sells its largest shed for $1,100 plus HST of 13 %. On May 10, 2024, it sold 26 of these sheds. On May 17,2024, the company sold 85 of these sheds. All sales are cash sales. For each day's sales, calculate the HST. May 10, 2024 May 17, 2024 Question Part Score $ Date $ HST payable Prepare a journal entry to record the sales. (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. Record journal entries in the order presented in the problem.) Account Titles Debit --/2 Credit

Prepare a balance sheet, assuming that the current portion of the note payable is $7,000

Bennett Enterprises issues a $625,000, 90-day, 10% note to Spectrum Industries for merchandise inventory. Required: A. Journalize Bennett Enterprises' entries to record (refer to the company's Chart of Accounts for exact wording of account titles): 1. the issuance of the note. 2. the payment of the note at maturity. Assume a 360-day year. B. Journalize Spectrum Industries' entries to record (refer to the company's Chart of Accounts for exact wording of account titles): 1. the receipt of the note. 2. the receipt of the payment of the note at maturity. Assume a 360-day year.

Marx Corp. purchases 135 fax machines on credit from a manufacturer on April 7 at a price of $290 per machine. Terms of the purchase are 4/10, n/20 with an invoice date of April 7. Marx Corp pays in full for the fax machines on April 17. Create the journal entries for Marx Corp. to record: A. the initial purchase B. the subsequent payment on April 17 If an amount box does not require an entry, leave it blank. Assume the perpetual inventory system is used. Apr. 7 Apr. 17 Accounts Payable Accounts Receivable Merchandise Inventory Sales Discounts Sales II III II II

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In the below question, is the answer provided in the image for part b? If so could you please provide the answer and journal entry for part a. I think "part a" is: Cash                                                    9,860 Estimated product warranty liability   60,000            Service Revenue                                                 9,860            Merchandise Inventory                                      60,000   Is my journal entry for part a correct?

I want answer for these questions with typing please. Thanks   On October 30, 2018, Muscat Co. purchased OR 18,000 of merchandise inventory on seven months, 7% note payable. Muscat Co. uses a perpetual inventory system. Required: Journalize the company’s purchase of merchandise, accrual interest expense on December 31, and the payment of the note plus interest. Explain the current portion of long-term notes payable

first sale! They sold $100,000 worth of goods on credit, with terms 3/10, n/20, on 2/1/2021. Record this journal entry using both the net and gross methods. Record the journal entry if the customer pays off this account on 2/5/2021. Record the journal entry if the customer pays off this account on 3/1/2021.

Required information [The following information applies to the questions displayed below.] Vigeland Company completed the following transactions during Year 1. Vigeland's fiscal year ends on December 31. Jan.15 Purchased and paid for merchandise. The invoice amount was $26,500; assume a perpetual inventory system. Apr. 1 Borrowed $700,000 from Summit Bank for general use; signed a 10-month, 6% annual interest- bearing note for the money. June14 Received a $15,000 customer deposit for services to be performed in the future. July15 Performed $3,750 of the services paid for on June 14. Dec.12 Received electric bill for $27,860. Vigeland plans to pay the bill in early January. 31 Determined wages of $15,000 were earned but not yet paid on December 31 (disregard payroll taxes). 2. Prepare the adjusting entries required on December 31. (If no entry is required for a transaction/event, select journal entry required" in the first account field.) View transaction list Journal entry worksheet…

Cosimo Enterprises issues a $260,000, 45-day, 5% note to Dixon Industries for merchandise inventory.   Required: A. Journalize Cosimo Enterprises’ entries to record (refer to the company’s Chart of Accounts for exact wording of account titles): 1. the issuance of the note on January 1. 2. the payment of the note at maturity. Assume a 360-day year. B. Journalize Dixon Industries’ entries to record (refer to the company’s Chart of Accounts for exact wording of account titles): 1. he receipt of the note on January 1. 2. the receipt of the payment of the note at maturity. Assume a 360-day year.

1) Prepare a balance sheet, assuming that the current portion of the note payable is $7,000

еВook Print Item Record journal entries for the following transactions of Telesco Enterprises. Jan. 1, 2018 Issued a $331,700 note to customer Abe Willis as terms of a merchandise sale. The merchandise's cost to Telesco is $125,900. Note contract terms included a 36-month maturity date, and a 8% annual interest rate. Dec. 31, 2018 Telesco records interest accumulated for 2018. Dec. 31, 2019 Telesco records interest accumulated for 2019. Dec. 31, 2020 Abe Willis honors the note and pays in full with cash. If an amount box does not require an entry, leave it blank. Jan. 1, 2018 To record sale in exchange for Notes Receivable: Willis, 36-month maturity, 8% interest rate Jan. 1, 2018 To record the cost of sale Dec. 31, 2018 To record interest accumulated in 2018 88 Dec. 31, 2019 To record interest accumulated in 2019 Dec. 31, 2020 Previous

CAN SOMEONE HELP ME WITH THIS WORD PROBLEM?   Selected account balances for Pharoah Company at January 1, 2020, are presented below. Accounts Payable   $13,200 Accounts Receivable   22,600 Cash   16,400 Inventory   13,800 Pharoah’s sales journal for January shows a total of $110,000 in the selling-price column, and its one-column purchases journal for January shows a total of $77,700.The column totals in Pharoah’s cash receipts journal are Cash Dr. $60,900; Sales Discounts Dr. $2,500; Accounts Receivable Cr. $45,400; Sales Revenue Cr. $6,300; and Other Accounts Cr. $11,700.The column totals in Pharoah's cash payments journal for January are Cash Cr. $55,900; Inventory Cr. $1,800; Accounts Payable Dr. $46,700; and Other Accounts Dr. $11,000. Hulse’s total cost of goods sold for January is $63,900.Accounts Payable, Accounts Receivable, Cash, Inventory, and Sales Revenue are not involved in the Other Accounts column in either the cash receipts or cash payments…

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Cosimo Enterprises issues a $260,000, 45-day, 5% note to Dixon Industries for merchandise inventory. Required: A. Journalize Cosimo Enterprises' entries to record (refer to the company's Chart of Accounts for exact wording of account titles): 1. the issuance of the note on January 1.

Read through the information below for selected transactions during the month of December, 2021 and prepare the required jounal entry to record the transaction.  Post each of the entries below to the general ledger T-accounts attached .   Sold Merchandise for $5,000 to Lee Corp on account on December 9.  Cost of the merchandise was $3,390 and the terms of the sale were 1/15, n/30.

Record the following through the use of special journals   The following are selected transactions for KnK Enterprises on September 2020. All transactions involving sale and purchase of goods and services are VAT-inclusive, except sale and purchase transactions quoted at a list price, in which case, 12% VAT will be computed and added to the invoice price.    03-Sep Bought merchandise from Min Ho Trading, P48,160, term:   2/10, 1/20, n/30 03-Sep FOB Shipping point, Freight prepaid: P2,240 04-Sep Received a credit memorandum from Min Ho Trading for defective merchandise returned, P3,360. 06-Sep Sold merchandise to Bee Hun, P16,800; term: 2/10, n/30 09-Sep Purchased a cash register from Jun Song for P23,520; terms:   P6,720 downpayment, balance in 2 equal monthly installments. 10-Sep Received a 20-day, 15% note from Seo Park, in exchange for loan of P15,000 extended to him 11-Sep Bought additional store supplies on credit from Bo Goom, P4,200. 13-Sep Paid Min Ho…

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please note every entry should have narration , explanation , calculation answer in text form show full working for each entry and parts