DateEnding balanceDateEnding balanceDateEnding balanceDateEnding balanceAmountAmountCash 101DateAmountEquipment 167DateUnearned Landscaping Revenue 236AmountDateLandscaping Revenue 403DateAmountAmountAmountAmountDateEnding balanceDateEnding balanceDateEnding balanceOffice Supplies 124DateAmountAccounts Payable 201DateAmountCommon Stock 307DateAmountAmountAmountAmount For each transaction, (1) analyze the transaction using the accounting equation, (2) record the transaction in journal entry form, and (3)post the entry using T-accounts to represent ledger accounts. Use the following partial chart of accounts-account numbers inparentheses: Cash (101); Accounts Receivable (106); Office Supplies (124); Trucks (153); Equipment (167); Accounts Payable (201);Unearned Landscaping Revenue (236); Common Stock (307); Dividends (319); Landscaping Revenue (403); Wages Expense (601); andLandscaping Expense (696).a. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $82,000 in cash along with equipmenthaving a $42,000 value in exchange for common stock.b. On May 21, Elegant Lawns purchases office supplies on credit for $520.c. On May 25, Elegant Lawns receives $9,000 cash for performing landscaping services.d. On May 30, Elegant Lawns receives $2,200 cash in advance of providing landscaping services to a customer.

Cash 101 Date Amount Date Amount 15 May 82000 25 May 9000 30 May 2200 Ending…

Date Ending balance Date Ending balance Date Ending balance Date Amount Amount Cash 101 Date Amount Equipment 167 Date Unearned Landscaping Revenue 236 Amount Date Landscaping Revenue 403 Date Amount Amount Amount Amount Date Ending balance Date Ending balance Date Ending balance Office Supplies 124 Date Amount Accounts Payable 201 Date Amount Common Stock 307 Date Amount Amount Amount Amount

Date Ending balance Date Ending balance Date Ending balance Date Amount Amount Cash 101 Date Amount Equipment 167 Date Unearned Landscaping Revenue 236 Amount Date Landscaping Revenue 403 Date Amount Amount Amount Amount Date Ending balance Date Ending balance Date Ending balance Office Supplies 124 Date Amount Accounts Payable 201 Date Amount Common Stock 307 Date Amount Amount Amount 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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Which image below correctly shows the most complete and accurate general ledger? 5/14/2018 5/23/2018 5/28/2018 5/31/2018 ACCOUNT: CASH 5/14/2018 5/23/2018 5/28/2018 5/31/2018 5/14/2018 ACCOUNT CASH 5/31/2018 5/23/2018 5/28/2018 5/14/2018 Date 5/23/2018 ACCOUNT CASH 5/28/2018 Date 5/31/2018 Date Date Balance Forward Prepaid Expenses Owner's Withdrawal Owner's Investment Balance Forward Owner's Investment Prepaid Expenses Owner's Withdrawal Balance Forward Prepaid Expenses Owner's Withdrawal Owners Investment Description Description Description Description J109 J105 J112 GENERAL LEDGER J109 Ref.. J105 בורג GENERAL LEDGER J112 GENERAL LEDGER J109 Jos Ref. J109 J105 $1,800 GENERAL LEDGER J112 Ref. Ref. $1,800 Debit $1,800 $1,800 Debit Debit Debit $1,500 $3,000 $1,500 $3,000 Credit $1,500 $3,000 $1,500 Credit $3,000 Credit Credit $45,000 $43,500 $40,500 $42,300 $45,000 $43,500 $40,500 $42,300 $45,000 $42,300 $43,500 $40,500 Balance $45,000 Balance $43,500 $40,500 $42,300 Balance Balance
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Question: Prepare the journal entry to replenish the fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 2 decimal places, eg. 52.75. List all debit entries before credit entries.) VIEW POLIES Show Attempt History Current Attempt in Progress Sunland Airline needs to send one of its employees to Nunavut for three weeks to perform some repairs on some aircraft it owns. Some of the payments to be made for the supplies needed on the assignment will be paid from a petty cash fund. Sunland issued a cheque in the amount of $800.00 to establish the fund. After a few days at the assignment, the nployee returned the following receipts along with a report that the fund had $69.20 left in cash. Receipt Amount Description 1 $26.85 Taxi ride from airport to job site 43.50 FedEx charges for delivering plane parts 35.60 4 74.05 5 355.30…
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2.16) Find the average daily balance (new purchases included) Dates Payment End of Day Balance 4/1-4/5 4/6 4/7-4/22 4/23 4/24-4/30 Average $380.00 Purchase $110.00 Po X $300.00 x $410.00 x $410.00 X $30.00 X $30.00 x Total Number of Days v 5 1 16 1 7 30 Sum of Balances $1,500.00 $410.00 $6,560.00 $30.00 $210.00
Rapid Delivery Services cash count at the end of the day totals $12,580 and the cash registertape shows $12,415. The amount of the change fund is $250. Rapid Delivery Services wouldrecord the revenue for the day as follows: a. Cash 12,580 Income from Services 12,580 b. Cash 12,430 Cash Short and Over 15 Income from Services 12,415 c. Cash 12,415 Income from Services 12,415 d. Cash 12,415Cash Short and Over 15Income from Services 12,430
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Harrigan Service Company, Inc., was incorporated by lan Harrigan and five other managers. The following activities occurred during the year: 1. Received $71,400 cash from the managers; each was issued 1,190 shares. 2. Purchased equipment for use in the business at a cost of $50,000; one-fourth was paid in cash and the company signed a note for the balance (due in six months). 3. Signed an agreement with a cleaning service to pay it $690 per week for cleaning the corporate offices, beginning next week. 4. Ian Harrigan borrowed $19,500 for personal use from a local bank, signing a one-year note.