Daisy runs her own flower shop called "Daisy's Floral Arrangements". Daisy has the following transactions that have taken place during the month: Date Transaction Daisy's Floral Arrangements sells $5,000 in floral arrangements for the Hill wedding. The customers paid cash at pick up. 3-Apr Daisy's Floral Arrangements pays $400 cash for new supplies. 5-Apr The company takes a loan from the bank to purchase a new delivery vehicle for $12,000 8-Apr Daisy paid employee salaries of $1,400 Match the correct Account Title with the Account Balance as of April 10th. 2-Apr Assets Liabilities Revenue Expense [Choose ] [Choose] [Choose ] [Choose]

Daisy runs her own flower shop called "Daisy's Floral Arrangements". Daisy has the following transactions that have taken place during the month: Date Transaction Daisy's Floral Arrangements sells $5,000 in floral arrangements for the Hill wedding. The customers paid cash at pick up. 3-Apr Daisy's Floral Arrangements pays $400 cash for new supplies. 5-Apr The company takes a loan from the bank to purchase a new delivery vehicle for $12,000 8-Apr Daisy paid employee salaries of $1,400 Match the correct Account Title with the Account Balance as of April 10th. 2-Apr Assets Liabilities Revenue Expense [Choose ] [Choose] [Choose ] [Choose]

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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Saturday, August 15, 2026 Received a bill from Atlas Planning, 2026-1, for some layout designs for remodeling the back room and adding a bigger event space; for $150; due in 15 days ( account/category: Legal and professional fees). Daily sales today were 3 Fresh Flower Bouquets and 3 Birthday Vases paid by debit card and 3 more Fresh Flower Bouquets paid by cash. Mail off cheque 10027 to pay the Chamber of Commerce dues. Placed promotions (account hint) online with Easy Media Design for upcoming Wreath Workshop; 1-week coverage for $295, paid by Visa. A fresh flower bouquet delivery was late; Lynda Higgs is given a refund back to her credit card from the Undeposited Funds account. Make the bank deposit into the TD Operating account for the week's sales in cash and cheques; the deposit should be for $1,440.75. Transfer $633.14 from the Operating account to TD VISA to pay off the balance owing for July 2026. Post the monthly recurring loan payment transfer for August. Create a Report…
Chipolo sells a coin-sized tracking tag that attaches to keys, wallets, and other personal items. Chipolo began January with an inventory of 200 tags purchased from its supplier in November last year at a cost of $12 per tag, plus 100 tags purchased in December last year at a cost of $15 per tag. Chipolo sells the tags at a price of $30 per tag, on account with terms n/30, FOB destination. Chipolo uses a perpetual inventory system to account for the following transactions. Jan. 8 Chipolo gave 250 tags to a courier company (FedEx) to deliver to customers. Jan. 9 FedEx confirmed that all 250 tags were delivered today to customers. Jan. 11 Chipolo ordered 350 tags from its supplier. The supplier was out of stock but promised to send them to Chipolo as soon as possible. Chipolo agreed to a cost of $21 per tag, n/30. Jan. 17 Chipolo received cash payment from customers for 125 of the tags delivered 8 days earlier. Jan. 21 The 350 tags ordered on January 11…
Melissa and Parker each deposit the money they earn at their summer jobs in bank accounts that pay different interest deposits $520, and Parker initially deposits $550. The table shows the amounts they have in each of their accounts for th Time (quarters of a year) 1 2 3 4 Melissa's Total ($) 520.00 527.80 535.72 543.75 Parker's Total ($) 550.00 555.50 561.06 566.67 What is the total in the 8th quarter for each person? Round your answer to the nearest cent. Melissa's Total: $ type your answer... type your answer... Complete the sentence below for the money in the 12th quarter. Rounded to the nearest cent, in quarter 12, Melissa's total with be $ type your answer... , and Parker's total will be $ type your answer... So, Melissa will have choose your answer... money than Parker. choose your answer... less more .Parker's Total: $ Complete the sentence below for the money they will have earned after 16 quarters,. Rounded to the nearest cent, after 16 quarters, Melissa will have earned $…
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $78,300 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses as follows: Cost of moving his possessions to the city (125 miles away) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Contribution to State University deliveryman program $1,200 3,000 1,600 1,400 Calculate Evan's AGI and taxable income if he files single. Assume that interest payments were initially required on Evan's student loans this year. Evan's AGI Taxable income
1. John works at a computer outlet. He receives a weekly salary of $300 plus 5% commission on his sales. Last week, he sold $35,200 of computer equipment. How much did John earn last week? 2. Rachel sells internet subscriptions by telephone. She receives 12% of the first $800 and 16% on the balance over $800. Lastmonth, she sold $9,500 worth of internet access subscriptions. What was her commission for last month? can you answer both give thumbs up
Please read the questions carefully the First question is asking for journal entry.
Sadia sells car first aid kits by mail order. The cost to her of each kit purchased from the manufacturer is £12.50. Her selling price per kit is £18.25. At the beginning of August 20X1 she has 180 kits in inventory. She sells 250 kits during August 20X1 and has 153 left in inventory at the end of the month. What is Sadia’s gross profit for the month of August 20X1? A. £1 437.50 B. £4 562.50 C. £1 282.25 D. £2 787.50
Garrick is purchasing equipment for his job as a builder. The equipment costs $1000 and he wants to make monthly payments of $125. He has two different credit cards that he can use to finance the purchase. • Card A charges 9.9%, compounded daily, but it also charges a fee of $65 for all purchases over $1000 that is immediately added to the balance. • Card B charges 13.3%, compounded daily. What is the total cost of both options? Enter the total cost of the cheaper option here: Answer:
Selecting a Bank. Julie wants to open a bank account with $43. Julie estimates that she will write 23 checks per month and use her ATM card at the home bank. She will maintain a monthly balance of $500. Which bank should Julie choose? Hillsboro Bank First National South Trust Bank Sun Coast Bank ATM charges: Home bank Free Free Free Free Other bank 5 free, then $1.15 per use $1.40 per use $1.40 per use $1.40 per use Checking: Minimum deposit $100 $28 $1 $1 Minimum balance required to avoid fees* N/A N/A $500 N/A Monthly fees $8.66 $10.11 $15.88 $3.61 Check-writing charges 15 free, then $0.85 per check 10 free, then $0.85 per check Unlimited Each check $0.43 * N/A means monthly fees apply irrespective of account balances. Based on the information given in the chart, which bank should Julie…
Could you please help me with the journal and ledger of these transactions, I want to make sure I am on the right path. Thank you so much!
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Assuming that Ms. Aysha Alshuili was working as a Marketing manager of a Saud Bahwan Automobiles LLC for 5 years. She then started her own business named THE BEST OMANI DATES. She purchased different types of Omani dates from a manufacturer and sells wholesale and retail traders across Oman. Her terms of credit are 3/10, n/60 for all customers. The business will give 5% trade discount only for wholesale customers and 2% of cash discount for immediate cash payment. Her selling price of Dates per kg is OMR 3 for all the customers. Which of the following is termed as Trade Discount? a. It is not given for any customers b. It is given for immediate payment c. It is given for retail customers only d. It is given for the customers who buys large quantities