Penn Foster - The Books of Accounting #1

Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help I System Announcements CALCULATOR PRINTER VERSION 4 ВАСК NEX Exercise 9-04 a-f (Part Level Submission) At the beginning of the current period, Cheyenne had balances in Accounts Receivable of $286,000 and in Allowance for Doubtful Accounts of $9,900 (credit). During the period, had net credit sales of $890,000 and collections of $845,500. It wrote off as uncollectible accounts receivable of $6,000. However, a $4,000 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $24,800 at the end of the period. (Omit cost of goods sold entries. (a - d) (a) Prepare the entries to record sales and collections during the period. (b) Prepare the entry to record the write-off of uncollectible accounts during the period. (c) Prepare the entries to record the recovery of the uncollectible account during the…

Hello tutor please provide this question solution general accounting

S9-11

Hello tutor please provide this question solution general accounting

Groro Co. Bills a client $62,000 for services provided and agrees to accept the following 3 items as full payment $10,000 cash, equipment worth $80,000 and to assume responsibility for a $28,000 note payable related to the equipment. question: record the transaction in journal entry form. date general journal debit credit general journals are either cash,equipment revenue, supplies, accounts payable, note payable, common stock or revenue

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D. Stone Surveying Co completed these transactions during April of the current year: Began a surveying company by investing $10,000 in cash and office equipment having a $4575 fair value. Apr 1 Apr 2 Apr 3 Apr 8 Purchased on credit office supplies, $450, and office equipment, $300. Completed surveying work for client and was paid immediately $500 Completed surveying work for Acme Loan Co $1500 on credit Paid for the items purchased on credit on April 2. Apr. 14 Paid $2400 premium for the annual insurance policy. Apr. 15 Paid semi monthly wages of $1500 Apr. 18 Received payment in full from Acme Loan Co, for the work completed on April 8. Apr. 27 D. Stone withdrew $1100 cash from the business to pay personal expenses. Apr. 30 Paid the April telephone bill, $160. Prepare general journal entries to record the transactions. Use the attached Word File 20 marks

How to make journal entry about this.

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Debit and Credit Effect on Transactions Jefferson Framers engaged in the following transactions: a. Purchased land for $65,000 cash. b. Purchased equipment for $26,400 in exchange for a 1-year, 8% note payable. c. Purchased office supplies on credit for $1,200 from Office Depot. d. Paid $20,000 principal plus $700 interest on a note payable. e. Paid an account payable in the amount of $3,550. f. Provided $61,300 of services on credit. g. Provided $12,800 of services for cash. h. Collected $26,910 of accounts receivable. 1. Paid $12,760 of wages in cash. j. Issued common stock for $45,000 cash. Required: Select the correct information for each transaction. Enter the debits before the credits. Transaction a is entered as an example. Transaction Account Increase/Decrease Amount Increase $65,000 Decrease $65,000 a. Land Cash Debit/Credit Debit Credit

Basic AccountingUsing the transactions given in the picture, prepare the Journal Entries and the Unadjusted trial balance. Kindly do it in good form. Thank you1

Sagar

The trial balance of Mabilis Repair Shop appears below the end of its calendar year: MABILIS REPAIR SHOP Trial Balance December 31, 2020 Debit Credit Cash on Hand P 10,000 25,000 Accounts Receivable Estimated Uncollectible Accounts 750 Notes Receivable 7,000 30,000 Shop Equipment Accumulated Depreciation - Shop Equipment Furniture and Fixture 2,000 8,000 Accumulated Depreciation - Furniture and Fixture Accounts Payable Notes Payable Leynes, Capital Leynes, Drawing Service Income Salaries Expense Rent Expense Supplies Expense Taxes and Licenses 5,00 11,000 12,000 44,750 1,000 30,000 8,000 8,000 4,000 1,500 3,000 P 105,500 Light and Water Expense Total P 105,500 Additional Information: 1. Unpaid taxes, P600. 2. Accrued salaries, P3,000 3. Accrued interest on notes payable, P200. 4. Unpaid light and water, P500. 5. Supplies on hand, P1,000. Bad debts expense is estimated to be 5% of Accounts Receivable. 6. Required: 7. Prepare a 10-column worksheet. Arrange the accounts according to…

The trial balance of Mabilis Repair Shop appears below the end of its calendar year: MABILIS REPAIR SHOP Trial Balance December 31, 2020 Debit Credit Cash on Hand 10,000 25,000 P Accounts Receivable Estimated Uncollectible Accounts 750 Notes Receivable 7,000 30,000 Shop Equipment Accumulated Depreciation – Shop Equipment Furniture and Fixture 2,000 8,000 Accumulated Depreciation - Furniture and Fixture Accounts Payable Notes Payable Leynes, Capital Leynes, Drawing Service Income Sa Rent Expense Supplies Expense 5,00 11,000 12,000 44,750 1,000 30,000 8,000 8,000 4,000 1,500 3,000 P 105,500 Expense Taxes and Licenses Light and Water Expense Total P 105,500 Additional Infommation: 1. Unpaid taxes, P600. 2. Accrued salaries, P3,000 3. Accrued interest on notes payable, P200. 4. Unpaid light and water, P500. 5. Supplies on hand, P1,000. Bad debts expense is estimated to be 5% of Accounts Receivable. 6. Required: 1. Prepare the adjusting entries. 2. Prepare a 10-column worksheet. Arrange the…

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Please Include June 23 transaction on page 11

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S9-10. Thanks

Meman

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