Required information[The following information applies to the questionsdisplayed below.]Following are the transactions of Green Energy Company.The company provided $2,400 ofMay 1 sustainability consulting services oncredit to a customer.The company purchased $500 of energy-efficient supplies on credit.The company collected $900 cash asMay 3May 9 partial payment of the May 1 consultingrevenue.The company paid $500 cash toward thepayable for energy-efficient supplies.The company paid $300 cash for May'srenewable energy utilities.May 20May 31Prepare general journal entries for the above transactions.View transaction listThe company provided $2,400 of sustainability consultingservices on credit to a customer.1credit to2 The company purchased $500 of energy-efficient supplieson credit.3 The company collected $900 cash as partial payment ofthe May 1 consulting revenue.edit4 The company paid $500 cash toward the payable forenergy-efficient supplies.5 The company paid $300 cash for May's renewable energyutilities.Note := journal entry has been enteredRecord entryClear entryView genera

Following are the transactions of Green Energy Company. The company provided $2,400 of May 1 sustainability consulting services on credit to a customer. The company purchased $500 of energy- efficient supplies on credit. The company collected $900 cash as May 9 partial payment of the May 1 consulting May 3 revenue. The company paid $500 cash toward the payable for energy-efficient supplies. The company paid $300 cash for May's renewable energy utilities. May 20 May 31

Following are the transactions of Green Energy Company. The company provided $2,400 of May 1 sustainability consulting services on credit to a customer. The company purchased $500 of energy- efficient supplies on credit. The company collected $900 cash as May 9 partial payment of the May 1 consulting May 3 revenue. The company paid $500 cash toward the payable for energy-efficient supplies. The company paid $300 cash for May's renewable energy utilities. May 20 May 31

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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Moore General Store purchased office supplies on account during the month of March for $5,000. Payment for the supplies will be made in April. On March 1, the balance in the supplies account was $350. On March 31, supplies on hand amounted to $310. What was the amount of supplies used during March? Select one: a. $40 b. $310 c. $4,690 d. $5,040 e. $5,350
4. Eng Tat is a manufacturer. His trial balance as at 31 December 2020 is as follows: Credit RM Particulars Debit RM Delivery van expenses Lighting and heating: Factory Office Manufacturing wages General expenses: Factory Office Sales representatives : Commission Purchase of raw materials 1,760 7,220 1,490 72,100 8,100 1,940 11,688 57,210 Rent: Factory Office Machinery (Cost : RM40,000) Office equipment ( RM9,000) Office salaries Accounts receivables Account payables Bank 6,100 2,700 28,600 8,200 17,740 34,200 9,400 16,142 Sales Van (cost RM6,800) Inventory at 31 December 2020: Raw materials Finished goods Drawings Capital 194,800 6,200 13,260 41,300 24,200 155,950 360,150 ТОTAL 360,150 Prepared by: Puan Siti Nor Junita Mohd Radzi Additional information: i. Inventory at 31 December 2020: a. Raw materials b. Finished goods ii. Depreciate machinery RM3,000; office equipment RM6,000; van RM1,200 iii. Manufacturing wages due but unpaid at 31 December 2020 RM550; office rent prepaid RM140…
You are required to prepare a Cost Sheet from the relevant information provided in Al Nama Garment Manufacturing Company
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XYZ Company is a landscaping service. In July, they provided $30,000 of services for several customers and billed them. During July, they received $25,000 from their customers for services performed. Employees clocked 500 hours of work and had earned $6,000 of wages. During July, XYZ had paid their employees $5,000. What is their income using accrual-based income measurement? Group of answer choices $25,000 $24,000 $20,000 $30,000
For this week's assignment, you are required to read the lecture notes and review the supporting resources, then complete the below financial statements from the information provided. Please support your analysis with at least 2 references. All assignments must be in the APA format. Scenario 1: The following are balance sheet accounts for ABC Event Company for end of year (December 31, 20XX). Please note that: (the company paid $2, 500 in cash for the equipment and financed the remaining $6,500 with a loan from the bank.) Accounts payable $ 6, 500 Accounts receivable 4, 800 Cash 1,500 Equipment 9,000 Equipment Software 500 Notes payable 6, 500 Owner's equity? Required: Find the missing account balance. Prepare a simplified balance sheet from the information. Consider the ABC Event Company scenario in the lecture notes. Provide a brief description of your analysis. Scenario 2: Income Statement for ABC Event Company ABC Event Company's food and beverage costs for the year were $35,000.…
Required information [The following information applies to the questions displayed below.] Rawlco Communications operates 10 radio stations. The following events occurred during September. a. Placed an order for office supplies costing $3,300. Supplier intends to deliver later in the month. b. Purchased equipment that cost $38,000; paid $15,000 cash and signed a promissory note to pay $23,000 in one month. c. Negotiated and signed a one-year bank loan, and then deposited $7,000 cash in the company's checking account. d. Hired a new finance manager on the last day of the month. e. Received an investment of $10,000 cash from the company's owners in exchange for issuing common shares. f. Supplies [ordered in (a)] were received, along with a bill for $3,300. 2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Transaction…
XYZ Company is a landscaping service. In July, they provided $30,000 of services for several customers and billed them. During January, they received $25,000 from their customers for services performed. Employees clocked 500 hours of work and had earned $6,000 of wages. During July, XYZ had paid their employees $5,000. What is their income using cash basis income measurement? Group of answer choices $25,000 $20,000 $19,000 $24,000
Using the following information please prepare an income statement Patent Revenue $24,000.00 Pharmacy Revenue $25,000.00 Laboratory Revenue $27,000.00 Operating Room Revenue $30,000.00 Imaging Revenue $55,000.00 Depreciation Expense $1,000.00 Salary Expense $15,000.00 Rent Expense $8,000.00 Supplies Expense $8,500.00 Utilities Expense $12,000.00 Using the following information please prepare a statement of cash flow Revenue forServices $75,000.00 Checks written to Vedors $25,000.00 Payment to employees $10,000.00 Cash, beginning of year $50,000.00 Purhase new equipment $35,000.00 Loan Repayment $17,500.00
Required: INCOME STATEMENT for the month ended February 28, 2015
Mahogany, Inc. sells generators. Following is the financial data related to Mahogany, Inc. for the month of September: Revenue from sales $3,900 Purchases 2,100 Salaries 450 Rent 700 Utilities 230 Depreciation 35 Determine the net income of Mahogany for the month of September. a.$1,800 b.$420 c.$1,765 d.$385
i am doing chart of accounting general journal, 4/10 Paid Culvers Landscaping $150 to plant flowers around the office entrance. 4/11 Received $4,500 for assisting Delphi Company’s bookkeeper in setting up their company accounting system. 4/13 Paid for repairs to the brakes of the company auto, $145. (Note: This is not an asset.) 4/15 Paid the Staples bill for the office supplies purchased on 4/3. 4/15 Paid employee salaries of $850. 4/15 Received $6,900 from Transport Iowa Inc. for setting up their QuickBooks accounts. 4/16 Purchased an additional computer from Best Buy for $350. how to solve this problem? with puting into general journal as debit and credit side