Hoiz Disc GOif Course was opened on March 1 by Vista Holz. The following selected events and transactions occurred during March.Invested $22,000 cash in the business.Mar. 1Purchased Rainbow Golf Land for $13,000 cash. The price consists of land $9,500, shed $2,300, and equipment $1,200.(Make one compound entry.)5.Paid advertising expenses of $800.Paid cash $690 for a one-year insurance policy.10Purchased golf discs and other equipment for $1,100 from Stevenson Company payable in 30 days.18Received $1,300 in cash for golf fees (Holz records golf fees as service revenue).Sold 100 coupon books for $20 each. Each book contains 4 coupons that enable the holder to play one round of disc golt.1925Withdrew $700 cash for personal use.30Paid salaries of $200.30Paid Stevenson Company in full.31Received $2.200 cash for golf fees.Journalize the March transactions. (List all debit entries before credit entries. Credit account titles are automatically indentedwhen amount is entered, Do not indent manually. Record journal entries in the order presented in the problem. If no entry isrequired, select "No Entry" for the account titles and enter O for the amounts.)6.

Name: Hoiz Disc GOif Course was opened on March 1 by Vista Holz. The follow
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Hoiz Disc GOif Course was opened on March 1 by Vista Holz. The following selected events and transactions occurred during March.Invested $22,000 cash in the business.Mar. 1Purchased Rainbow Golf Land for $13,000 cash. The price consists of land $9,5

Journal entry Date Particular Debit Credit March 1 Cash A/c…

Business

Accounting

Invested $22.000 cash in the business. Mar. 1 Purchased Rainbow Golf Land for $13,000 cash. The price consists of land $9,500, shed $2,300, and equipment $1.200. (Make one compound entry) 3. Paid advertising expenses of $800. 6. Paid cash $690 for a one-year insurance policy. 10 Purchased golf discs and other equipment for $1,100 from Stevenson Company payable in 30 days. 18 Received $1,300 in cash for golf fees (Holz records golf tees as service revenue). 19 Sold 100 coupon books for $20 cach. Each book contains 4 coupons that enable the holder to play one round of disc golf. 25 Withdrew $700 cash for personal use. 30 Paid salaries of $200. 30 Paid Stevenson Company in full. 31 Received $2.200 cash for golf fees. Journalize the March transactions. (List all debit entries before credit entries, Credit account titles are automatically indented

Invested $22.000 cash in the business. Mar. 1 Purchased Rainbow Golf Land for $13,000 cash. The price consists of land $9,500, shed $2,300, and equipment $1.200. (Make one compound entry) 3. Paid advertising expenses of $800. 6. Paid cash $690 for a one-year insurance policy. 10 Purchased golf discs and other equipment for $1,100 from Stevenson Company payable in 30 days. 18 Received $1,300 in cash for golf fees (Holz records golf tees as service revenue). 19 Sold 100 coupon books for $20 cach. Each book contains 4 coupons that enable the holder to play one round of disc golf. 25 Withdrew $700 cash for personal use. 30 Paid salaries of $200. 30 Paid Stevenson Company in full. 31 Received $2.200 cash for golf fees. Journalize the March transactions. (List all debit entries before credit entries, Credit account titles are automatically indented

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Journal entries?
required: please answer this question by choosing the right options.
am. 77.
Give me answer within 45 min please I will give you upvotes its very urgent .....thanku....
Oct. I 2 3 5 6 8 10 12 15 17 20 22 28 31 31 Nov. Graham invested $90,000 cash, a $36,000 computer system, and $18,000 of office equipment in the business. Paid rent in advance of $9,000. Purchased computer supplies on credit for $2,640 from Abbott Office Products. Paid $4,320 cash for one year's premium on a property and liability insurance policy. Billed Capital Leasing $6,600 for installing a new computer. Paid for the computer supplies purchased from Abbott Office Products. Hired Carly Smith as a part-time assistant for $200 per day, as needed. Billed Capital Leasing another $2.400 for computer services rendered. Received $6,600 from Capital Leasing on its account. Paid $1.410 to repair computer equipment damaged when moving into the new office. Paid $3,720 for an advertisement in the local newspaper. Received $2,400 from Capital Leasing on its account. Billed Decker Company $6,450 for services. Paid Carly Smith for seven days' work. Withdrew $7,200 cash from the business for…
record periodic journal entries required for each of the following transactions.
please avoid handwritten solution
Robert placed the following assets into service fir his packing and shipping company this year apr 3 desk with a basus of $1100 july 30 computer software with a basis of $4200 oct 30 delivery truck with a basis of $33,000
Ali Furntiure Business starting from owner investement of $100,000. Post the following transactions into general journal, make ledger and trial balance for those entries. 1-Mr Ali Invest $100,000 in the company. 2-Purchased $1000 of office supplies and $15000 equipments. 3-Acquire a loan of $55000 from the bank and write a check for loan payment 4-Sold furniture for a total of $25000. Recived $20000 cash and signed a note for balance. 5-Paid $25000 via check on the loan aquired. 6-Received $5000 notes payable.
Business transactions: On March. 1. Mr. A introduced $50,000 capital in cash into the business. 2. A sum of $30,000 loan borrowed from the Bank at 6% for 5 years. 3. Rent paid of $6,000. 4. Insurance paid $2,400 in advance for two years. 5. Equipment purchased of $10,000 in cash (useful for 5 years). 6. Furniture purchased worth $3,500 in cash (useful for 5 years). 7. Vehicle purchased for business on credit for $5,000 (useful for 5 years). 8. Supplies purchased on account for $1,500. 9. Goods purchased on account for $15,000. 10. Salaries and wages paid for $7,000. 11. Electricity bill paid for $750. 12. Telephone bill paid for $150. 13. Goods to supplier of $100 due to defects. 14. Depreciation expense on equipment for $2,000 15. Depreciation expense on vehicle for $1000. 16. Depreciation expense on furniture for $700 17. Interest expense paid on bank loan for $1,800. 18. Goods sold for $40,250. 19. Mr. A used goods for personal use worth $200. 20. Payment of $14,900 made to supplier…
32. LAWN-MOWER Yard Mowers, Inc., bought 15 self-propelled, riding lawn mowers from Green Lawns, Ltd. The company paid after 90 days and was charged an annual finance charge of 12, or $126. Find (a) the cost of the 15 lawnmowers excluding the interest and (b) the cost per mower
A company decides to purchase a new delivery vehicle. The cost, in dollars, is $104,500. They takes out a 5-year "note" to pay for the vehicle, with 4% interest due at the beginning of each year. If I were to journalize this entry, would it be debit to equipment, and credit to accounts receivable for 104,500/5 + 0.04*104500? Or is it credited to something else?