ACC100 Question 7 - Week 2 - Quiz_ Chapters 1 and 2

Prepare the following journal entries

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

INSTRUCTIONS: • Use MS Excel • Before you start journalizing, enter the appropriate columnar headings: Date, Description, P/R, Debit, Credit. • Journalize the transactions, including the appropriate description and source documents for each transaction. • Use compound entry for entries with multiple debit and credit accounts. • In the posting reference (P/R) column encode the account numbers. • Leave a space after every journal entry. Required: - JOURNAL ENTRIES

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1. Journal all transactions in Part One 2. Using the chart of accounts, open ledger accounts and post journals to the ledger account. 3. Prepare a trial balance 4. Prepare the following statements: 1. Income Statement 2. Retained Earnings Statements 3. Balance Sheet You need to use Microsoft Excel. Do not use Google Docs or Apple’s numbers. Place your submission in the appropriate journal labeled final project in the learning modules tab in Blackboard. The project is due in Module 15. Three points extra credit to final grade if submitted during Module 14. Part One A. The following transaction occurred for Scrooge Inc. for the month of December 31, 1820. B. Ebenezer Scrooge invested $50,000 cash along in the company in exchange for common stock. C. The company prepaid $500 for 12 month’s rent. D. The company purchased $100 in office supplies. Payment due withing 10 days E. Scrooge Inc. completed services for a client and immediately received $2,000. F. The company completed $1,500…

WP NWP Assessment Player UI Applic Question 17 of 42 View Policies Current Attempt in Progress Credits decrease both assets and liabilities. increase both assets and liabilities. decrease assets and increase liabilities. O increase assets and decrease liabilities. Save for Later

"iew History Bookmarks Window Help A education.wiley.com WP NWP Assessment Player UI Application DAXMED WALI FURI Question 30 of 42 View Policies Current Attempt in Progress The information for preparing a trial balance on a worksheet is obtained from general journal entries. financial statements. business documents. general ledger accounts. Save for Later OOOO

Edit View History Bookmarks Profiles Tab Window Help Question 4 - Proctoring Enable X 2 getproctorio.com/secured#lockdown octoring Enabled: Chapter 3 Required Homewor... i W + 4 You are an auditor and you have been asked to review the December 31, 2024, balance sheet for Locust Point Incorporated. After four days of hard work, you have completed the review and you meet with your supervisor to discuss the following 3 items: Determine the appropriate classification of each of these items. Note: If no entry is required for classification, choose "No entry". 1. Investment 2. Installment note 3. Deferred revenue → Items 3 E с 1. An investment of $34,000 is included in current assets. Management has indicated it has no intention of liquidating the investment in 2025. 2. A $140,000 note payable is listed as a long-term liability, but you have determined that the note is due in 10 equal annual installments with the first installment due on March 31, 2025. 3. Deferred revenue of $72,000 is…

General Journal

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Odysseyware LEARN Assignment - 2. Checking Accounts Attempt 1 of 1 ASSIGNMENTS COURSES 1 2 3 4 Which of the following are unique identifiers associated with checking accounts? N account number O checking account n check number n check register O endorsement O routing number NEXT QUESTION READ NEXT SECTION ASK FOR HELP ere to search 144 5 7 LO

four email will be recorded when you submit this form Required Question A "balanced transaction" (DR=CR) is a guarantee that a transaction has been recorded 100% correctly. * O True False Back Next Page 6 of 25 Clea This form

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How do I record the current transaction?

Need  help in feeling out the chart. Thank you

Posting the following journal entries to the T- accounts and balance each of the accounts. T- accounts are included in the in the Exam 1 format document. Make sure you use proper alpha reference and balance technique. GENERAL JOURNAL Page Date Debit Credit Description Post ref Cash Common Stock 10,000 1. 10,000 2 Equipment Accounts Payable 10,000 10,000/5 Accounts Receivable Fees Earned 4,000 4.000 8 d. 5.000 10 Accounts Payable Cash 10 11 12 5,000/11 12 13 2.500 Rent Lxpense Cash 13 2,500/14 / 15 14 15

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working