CrazyGamesApplyAAVideo20--DashboardFv2.cengagenow.comPrint ItemJuly. 1 CashK. Elliot, CapitalOwner's original investmentMy HomePost the journal entries from Step 2 to the following general ledger accounts:AssetsLiabilitiesRevenue111 Cash221 Accounts Payable411 Consulting Fees115 Supplies512 Rent Expense124 EquipmentOwner's Equity515 Telephone Expense311 K. Elliot, Capital312 K. Elliot, DrawingIf an amount box does not require an entry, leave it blank.20--ACCOUNTGENERAL LEDGERCashVPN 86%C CengageNOWv2 | Online teaching an...111100000010 000 00ACCOUNT NO.111BALANCEDATEITEMPOST.REF.DEBITCREDITDEBITCREDITPreviousAll work saved.Save and ExitSubmit Assignment for GradingPencil

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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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marks Window Help Wed Apr 28 9:37 PM edugen.wileyplus.com Return to Blackboard eygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College elp | System Announcements CALCULATOR PRINTER VERSION « BACK NEXT cise 194 a-b Water Kayak Company's bank statement for the month of September showed a balance per bank of $6,900. The company's Cash account in the general ledger had a balance 573 at September 30. Other information is as follows: Cash receipts for September 30 recorded on the company's books were $5,850 but this amount does not appear on the bank statement. The bank statement shows a debit memorandum for $25 for check printing charges. Check No. 119 payable to Blacque Company was recorded in the cash payments journal and cleared the bank for $236. A review of the accounts payable subsidiary ledger shows a $27 credit balance in the account of Blacque Company and that the payment to them should have been for $263. The total amount of checks still…
Edit View History Bookmarks Profiles Tab Window Help Question 5 - Proctoring Enable X + getproctorio.com/secured #lockdown octoring Enabled: Chapter 3 Required Homewor... D W 5 The trial balance for Canton Incorporated, listed the following account balances at December 31, 2024, the end of Canton Incorporated's fiscal year: cash, $32,000; accounts receivable, $27,000; inventory, $41,000; equipment (net), $96,000; accounts payable, $30,000; salaries payable, $13,000; interest payable, $9,000; notes payable (due in 20 months), $46,000; common stock, $82,000. Current assets Current liabilities ↑ Please calculate total current assets and total current liabilities that would appear in the year-end balance sheet of Canton Incorporated. #3 E с 54 $ R % G Search or type URL 5 T < Prev 5 of 5 Saved A 6 MacBook Pro Y & 7 Next * 00 8 + 9 O E 0 Help P | 1 50% * Save & Exit 0 + 11
Courses =HCS380 Week 1 Terminology Matching Accounts Receivable Terminology Matching Note Payable Bonds Payable Common Stock Income Statement Balance Sheet Retained Earnings Statement Statement of Cash Flow Basic Accounting Equation multimedia.phoenix.edu Annual Report View Assessment HCS/380: Week 1 - Terminology Matching - Academic Resources Owed to a bank for the money borrowed Bill customer/patient for services HCS Debt securities sold to investors that must be repaid at a particular date in the future A AOL PASSV REQUIRED Enter your password for "kaylakı Accounts. Prepared by corporate management to present financial information, management discussion, notes, and auditor's report Used by creditors to determine if they will be paid Assets Liabilities+Stockholder's Equity Used by creditors and investors to analyze the organization's cash position Used by investors to evaluate the organization's history of paying high dividends The total amount paid in by stockholders for the share…
AutoSave OFF Home Insert Draw Paste Page 47 of 95 Calibri B I U 20 Design V v 16916 words 50 ab X 2 V Layout X Α Α΄ A References Aa ▾ A Αν English (United States) Mailings = Review V V W= Packet Lecture-4 View 12/31 싫 V Accessibility: Investigate Tell me 30,000 V Estimating Uncollectible Accounts An estimate of bad debts is made at the end of the accounting period to match the cost of credit sales (bad debt expense) with the revenue credit sales allowed the company to record during the period. The estimate is incorporated in the company's books through an ADJUSTING ENTRY and the entry increases the allowance for uncollectible accounts and bad debt expense. Saved to my Mac ✓ Percent of Receivables Method (an allowance method) management estimates a percent of ending accounts receivable they expect to be uncollectible the ending balance of the Allowance for Uncollectible Accounts (AUA) is determined based on the estimate (% of uncollectible accounts x ending balance of A/R, "% of A/R").…
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es - live (Every Remaining Time: 53 minutes, 42 seconds. * Question Completion Status: Moving to another question will save this response. < Question 3 c Question 3 1 points Save NetPerks Co. establishes a $440 petty cash fund on January 1. The journal entry to establish the fund on January 1 includes: O A. $440 Debit to petty cash account O B. $440 credit to petty cash account O C. $440 Credit to expense account O D. $440 credit to owner, capital account Question 3 of 5E A Moving to another question will save this response. ENG 28 67°F e here to search
A Ov A Aa v A A Styles s Voice Editor Reu Font rd 5 nd Print New Blank Document O Open 4 The following transactions occurred during February, affecting your A/R ledger account for Johnny Reed (Acct. No. 151, Sheet No. 2). Terms are 2/10, n/30 and credit limit is $2,500. Fill out the A/R ledger sheet for this customer. State the amount that is owed by Johnny Reedas at February 28. Feb. 1 Balance owing, $480.00 Sale on credit #13, $457.40 (SJ1) Received $150.00 on account for February 1 balance (CR2) Sale on account #18, $83.80 (SJ1) 10 Issued credit note #5, $30.00, for damaged goods returned from invoice #18 (GJ4) 13 16 Received amount owing from invoice #13 (CR3) Sale on credit #25, $133.00 (SJ1) Received amount owing from invoice #18 (CR3) Issued credit note #10, $33.00, for overcharge on invoice 18 20 #25 (GJ4) 25 Sale on account #33, $220.15 (SJ1) 26 Received amount owing from invoice #25 (CR3) 28 Received cash for rest of amount from February 1 (CR3) As of February 28, how much…
Melody Mouse Trial Balance as at 31 May 2021 Dr. Cr. $ 2$ Purchases 145,870 Returns in 2,350 Returns out 2,175 Sales 374,860 Accounts payables 72,960 Accounts receivables 84,720 Bank 54,780 Capital Carriage in Discounts allowed 110,005 6,540 2,580 Discounts received 3,210 Drawings Rent 45,210 39,540 Insurance 10,270 Furniture and fittings 165,800 Motor Vehicles 254,600 Allowance for depreciation - Furniture and fittings Allowance for depreciation Motor Vehicles Provision for doubtful debts 74,520 125,900 940 Opening Inventory Loan 35,480 110,400 Telephone Water rates 14,870 12,360 874,970 874,970 The following items should be taken into consideration: i) Closing Inventory at 31 May 2021 was $41,050 ii) An amount of $1,950 was prepaid for insurance. This has not yet been accounted for. iii) A water expense accrual of $850 has not yet been accounted for. iv) Depreciation for the year should be applied at the following rates: Furniture and fittings Reducing Balance Straight Line 15% Motor…
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Denise's Kindle fo < Back Fit to Windc Exercises Ell.1 (LO 1), AP C.S. Lewis Company had these transactions involving notes payable. July 1, 2022 Borrows $50,000 from First National Bank by signing a 9-month, 8% note. Borrows $60,000 from Lyon County State Bank by signing a 3-month, 6% note. Prepares adjusting entries. Pays principal and interest to Lyon County State Bank. Pays principal and interest to First National Bank. Nov. 1, 2022 Dec. 31, 2022 Feb. 1, 2023 Apr. 1, 2023 Instructions Prepare journal entries for each of the transactions. El1.2 (LO 1), AP On June 1, Merando Company borrows $90,000 from First Bank on a 6-month, $90,000,
Post the following general journal entries to the general ledger?
QUESTION 11 Chart of Accounts 11 Cash 12 Accounts Receivable 14 Computer Supplies 18 Equipment 21 Accounts Payable 23 Notes Payable 31 O. Myer, Capital 32 O. Myer, Drawing 41 Fees Earned 51 Wages Expense 52 Rent Expense Journalize the following transaction: July 31 Recorded owner's withdrawal of $1,000 hint: you may not need to fill in every box GENERAL JOURNAL Page 1 Date Description Post Debit Credit

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