13) Post this transaction: Purchased an executive office desk and chair set for $2,700, paying $600 down and owing the balance 14) Post this transaction: Received, but did not yet pay, a water fill from the City of Amarillo, in the amount of $125 15) Post this transaction: Owner of the business invested her copy machine, worth $3,000, into the business

13) Post this transaction: Purchased an executive office desk and chair set for $2,700, paying $600 down and owing the balance 14) Post this transaction: Received, but did not yet pay, a water fill from the City of Amarillo, in the amount of $125 15) Post this transaction: Owner of the business invested her copy machine, worth $3,000, into the business

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Problem III. The following transactions were entered into by Dr. Daisy Goose for the month of June: Dr. Goose opened "Duck Spa" by investing PI.500,000 cash and half of a lot inherited by Dr. Goose and her sister Ann worth P500,000. Interviewed a nurse and a business graduate to work for her for a salary of P15,000 Dr. Goose bought for cash P900,000 worth of equipment and P15,000 worth of supplies Bought furniture & fixtures from a friend at a cost of P150,000 promising to pay after 7 days. Only P80,000 of this was placed in the clinic. The remaining P70,000 furniture and fixtures were placed in her condominium unit. 04 07 08 10
what is the book value of the land
Subject: accounting
Record the following transaction in the transaction analysis chart: Shawna Portia bought a new piece of computer equipment for $25,000, paying $6,000 down and charging the rest.
Splish Corporation, which manufactures shoes, hired a recent college graduate to work in its accounting department. On the first day of work, the accountant was assigned to total a batch of invoices with the use of an adding machine. Before long, the accountant, who had never before seen such a machine, managed to break the machine. Splish Corporation gave the machine plus $388 to Blossom Business Machine Company (dealer) in exchange for a new machine. Assume the following information about the machines. Splish Corp. (Old Machine) Blossom Co. (New Machine) Machine $331 $308 Accumulated depreciation 160 –0– Fair value 97 485 For each company, prepare the necessary journal entry to record the exchange. (The exchange has commercial substance.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Splish…
Hardev
Stilton Ltd purchases a new delivery truck for $80,000 . The logo of the company is painted on the side of the truck for $1,000 . The truck registration is $500 , and a 12 -month accident insurance policy is $1,500 . The truck undergoes safety testing for $660 . What does Stilton Ltd record as the cost of the new truck? Select one: a. $81,660 . b. $80,000 . c. $83,060 . d. $81,000
.
Johnson, Incorporated had the following transactions during the year: Purchased a building for $5,000,000 using a mortgage for financing Paid $2,000 for ordinary repair on a piece of equipment Sold product on account to customers for $1,500,600 Purchased a copyright for $5,000 cash Paid $20,000 cash to add a storage shed in the corner of an existing building Paid $360,000 in monthly salaries Paid $25,000 for routine maintenance on equipment Paid $110,000 for major repairs If all transactions were recorded properly, what amount did Johnson capitalize for the year, and what amount did Johnson expense for the year
1
Please answer thank you!
How do I do this