2. View the Transaction Journal for the Deposit.a. From the Navigation Bar, select Accountingb. From the Chart of Accounts, select 2300 Loan Payable> View Registerc. From the Register, select the transaction just recorded > Editd. From the bottom of the Loan Payable transaction, select More > Transaction Journale. What are the Account and Amount Debited?Note: Answer this question in the table shown below. Round your answer 2 decimal places.f. What are the Account and Amount Credited?Note: Answer this question in the table shown below. Round your answer 2 decimal places.e. Debitf. CreditAccountCheckingLoan PayableAmount Cy loans Mookie The Beagle Concierge $1,000 at 6% annual interest. Record the transaction as a loan payable as follows.Required:1. Complete a Deposit.a. Select (+) New icon > Bank Depositb. Select Account: 1001 Checkingc. Select Date: 01/12/2023d. In Add Funds to This Deposit section, select Account: + Add New > Account Type: Other Current Liabilities > Detail Type: LoanPayable > Name: Loan Payable> Number: 2300 > Save and Closee. Select Payment Method: Checkf. Enter Reference Number: 5002g. Enter Amount: 1000.00h. Select Save and closei. What is the Amount of the Loan Payable?Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount.i. Amount of the loan payable

A promissory note serves as legal proof of the loan. The residual balance on the loan is referred to…

2. View the Transaction Journal for the Deposit. a. From the Navigation Bar, select Accounting b. From the Chart of Accounts, select 2300 Loan Payable> View Register c. From the Register, select the transaction just recorded > Edit d. From the bottom of the Loan Payable transaction, select More > Transaction Journal e. What are the Account and Amount Debited? Note: Answer this question in the table shown below. Round your answer 2 decimal places. f. What are the Account and Amount Credited? Note: Answer this question in the table shown below. Round your answer 2 decimal places. e. Debit f. Credit Account Checking Loan Payable Amount

2. View the Transaction Journal for the Deposit. a. From the Navigation Bar, select Accounting b. From the Chart of Accounts, select 2300 Loan Payable> View Register c. From the Register, select the transaction just recorded > Edit d. From the bottom of the Loan Payable transaction, select More > Transaction Journal e. What are the Account and Amount Debited? Note: Answer this question in the table shown below. Round your answer 2 decimal places. f. What are the Account and Amount Credited? Note: Answer this question in the table shown below. Round your answer 2 decimal places. e. Debit f. Credit Account Checking Loan Payable Amount

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Multiple choice: 1. The steps in the journalazing process include all of the following EXCEPT A. Enter the balance B. Enter the debit C. Enter the date D. Enter the credit 2. The simplest form of journal is one with A. Four columns B. Three columns C. Two columns D. One column
Instructions The following equity investment transactions were completed by Romero Company during a recent year. Apr. July Sept. 10 Purchased 4,700 shares of Dixon Company for a price of $49 per share plus a brokerage commission of $120. 8 Received a quarterly dividend of $0.70 per share on the Dixon Company investment. 10 Sold 1,900 shares for a price of $41 per share less a brokerage commission of $75. Journalize the entries for these transactions. Refer to the Chart of Accounts for exact wording of account titles. When required, round your answers the nearest dollar.
4
T-Accounts (All Formulas/Equations) Would you please provide me with the formula/equation used to find the missing amount in a T-Account. Please look at the example below and provide me the answers in that same type of format so that it is easy to understand. Beginning Balance is missing Transaction on debit side is missing Transaction on credit side is missing FINDING BEGINNING BALANCE EXAMPLEBeginning balance = Ending balance + right side of T-Account - Left side of T-AccountBeginning balance = $9,800 + ($4,500 +$2,200 +$3,500) - ($2,500 +$4,000 +$3,400)Beginning balance = $9,800 + $10,200 - $9,900Begining balance = $10,100
Use the following sales journal to record the transactions. All credit sales are terms of n/30. (If a box is not used in the journal leave the box empty; do not select information or enter a zero.) i (Click the icon to view the transactions.) Jun Date 2024 Invoice No. Account Debited More info Jun. 1 Jun. 8 Customer Jun. 13 Jun. 28 Sales Journal Post. Ref. Accounts Receivable DR Sales Revenue CR Sold merchandise inventory on account to Ford Junk, $1,250. Cost of goods, $960. Invoice no. 101. Page Cost of Goods Sold DR Merchandise Inventory CR Sold merchandise inventory on account to Iris Fray, $2,250. Cost of goods, $1,650. Invoice no. 102. Sold merchandise inventory on account to Jack Tremane, $400. Cost of goods, $240. Invoice no. 103. Sold merchandise inventory on account to Gail White, $810. Cost of goods, $650. Invoice no. 104. Print Done X
Listed below are the transactions of Joseph Moore, D.D.S., for the month of September. Sept. 1 2 4 4 5 8 10 14 18 19 20 25 30 30 Moore begins practice as a dentist, invests $20,030 cash and issues 2,003 shares of $10 par stock. Purchases dental equipment on account from Green Jacket Co. for $17,820. Pays rent for office space, $690 for the month. Employs a receptionist, Michael Bradley. Purchases dental supplies for cash, $900. Receives cash of $1,770 from patients for services performed. Pays miscellaneous office expenses, $420. Bills patients $5,950 for services performed. Pays Green Jacket Co. on account, $3,760. Pays a dividend of $3,090 cash. Receives $1,060 from patients on account. Bills patients $1,980 for services performed. Pays the following expenses in cash: Salaries and wages $1,700; miscellaneous office expenses $83. Dental supplies used during September, $320. Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value.
Give typing answer with explanation and conclusion
show calculations where needed
Instructions Journalize the entries to record the following selected bond investment transactions for Hall Trust (refer to the Chart of Accounts for exact wording of account titles) Apr. June July 1 Purchased for cash $372,000 of Medina City 3% bonds at 100 plus accrued interest of $2,790, paying interest semiannually. Received first semiannual interest payment. 31 Sold $139,200 of the bonds at 98 plus accrued interest of $348. 30
In the balance sheet, accounts Receivable, where did you get 489,555 from?
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