July 17 Paid $3,000 cash for computer equipment, check 164. 18 Cash sales for 50 hats, $500.00, cash register summary tape 18. 22 Sarah Smith withdrew $10,000.00 from the business, check 165. 23 Received $2,000 cash on account from Kinston Rec. Dept., receipt 23. 24 Received $300 cash on account from Caps Inc., receipt 24. 25 Paid $4,000 for rent, check 166. 27 Joe Smith deposited $5,000.00 of his own cash into his owner's equity account, receipt 27.
Q: Date Transaction Journ April 3 Purchased merchandise for $2,950 on credit from Seth, Inc., terms…
A: Journal entries: It is the duty of the accountant to record business economic and non-economic…
Q: Jeremiah Restoration Company completed the following selected transactions during January: Jan. 1.…
A: Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts like postage,…
Q: Jeremiah Restoration Company completed the following selected transactions during January: Jan. 1.…
A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…
Q: AI March 31, Cummins Company had a balance in its cash account of $10.500. At the end of March, the…
A: Given:Balance in Cash account = $10,500 Adjustments: Explanation Difference Remark…
Q: PA1. On September 1, French company has decided to initiate a petty cash fund in the amount of $800.…
A: Petty cash is a fixed amount set aside to meet day to day expense of small values. Petty cash fund…
Q: 8 MNC LLC established Petty cash fund to maintain its small expenses with OMR 100. At the end of…
A: Petty cash fund is that fund in business that is established for small petty expenses in the…
Q: Zebra Imaginarium, a retail business, had the following cash receipts during December 20--. The…
A: The restructure:
Q: Petty cash restored to imprest amount in cash. His transactions for the week beginning 1 October…
A: The double entry for recording entry to restore the imprest amount on 1 October will be basically…
Q: Record the transactions starting on page 20 of a general journal. Enter the posting references when…
A: Journal Entry: Business transaction is recorded in the accounting records of a business though…
Q: Oct 1 Established a RM1,000 petty cash fund by issuing cheque payment and appointed Ms. Chan to take…
A: Petty Cash Transactions - Journal Entries: Date Particulars Debit Credit Oct 1 Petty Cash…
Q: D. On September 29, the company determined that the petty cash fund needed to be increased lU E. On…
A: Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts like postage,…
Q: February Information: The following Source Documents were submitted to the accounting clerks desk…
A: FEB 7: 1) Cash A/c ....................Dr 2858 $ TO Cash Sales from box…
Q: The Crying Fish has a change fund of $300. Cash sales on August 10 per the cash register are $1,125.…
A: Change fund is a set of money used by the department to make change to the customers, who purchase…
Q: Jeremiah Restoration Company completed the following selected transactions during January:Jan. 1.…
A: Petty cash fund:Petty cash fund is a fund established to pay insignificant amounts like postage,…
Q: Brown Company's bank statement for September 30 showed: Bank statement balance $2,790 $3,724 Book…
A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…
Q: On December 1, Ken Company established an imprest petty cash fund of P10,000 by writing a check…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Required: Determine the balance of the cas $6,700.00 on March 31. Ryan Harris, owner of the Harri…
A: The question is based on the concept of Financial Accounting.
Q: Record the establishment of the petty cash fund on August 3. On August 31, record the petty cash…
A: Petty Cash: It is the fund which is kept in hand by business units to cover minor expenses (postage,…
Q: The December cash records of Kirk’s Hardware follow: Cash Receipts Cash Payments Date Cash…
A: Bank Reconciliation is a process which is used to adjust the balances of cash book and pass book in…
Q: b) A three-column cashbook is required fro the following month from the following transactions. The…
A: A three-column cash book shows the balance of cash, bank, and discount. The payment from cash to…
Q: All reconciliation items at March 31 cleared through the bank in April. Outstanding checks at April…
A: Given information is: Outstanding checks at March 31 = $25,200 Outstanding checks at Apr 30 =…
Q: Exercise 6-9: Dension Corp. established a petty cash fund at the beginning of the current month. At…
A: INTRODUCTION Petty cash book is a cash book which is created for making small amounts of business…
Q: 6. Your company paid rent of $1,000 for the month with check number 1245. Which journal would the…
A: Note: “Since you have asked multiple questions, we will solve the first question for you. If you…
Q: June 1. Established a petty cash fund of $1,000. 12. The cash sales for the day, according to…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Stephanie Jo Company established a petty cash fund of $300 on May 1. At the end of the month, the…
A: Date Account titles and explanation Debit Credit May 1 Petty cash $300 Cash $300 (To…
Q: petty cash fund
A: Petty cash fund means the fund created out of cash designated to meet the daily needs of business.
Q: Enter the following transactions in a cash receipts journal: July 6 Daren Chesbrough made…
A:
Q: Feb 2-Märt established a petty cash fund recently and the following transactions affecting the fund…
A: The petty cash fund is established to maintain the cash balance for smaller cash transactions of the…
Q: Prepare the journal entries for August.
A: Journal entry: It is a systematic record of a financial transaction of an organization recorded in…
Q: July 1. Established a petty cash fund of $1,100. 12. The cash sales for the day, according to the…
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
Q: The petty cash fund of Y Company at the end of the fiscal year ended Ju following: Currencies P3,800…
A: Petty cash is defined as the cash fund which is of small amount on hand and it is used for paying…
Q: Selected transactions completed by Kornett Company during its first fiscal year ended December 31,…
A: Journal is a place where accounting transactions are listed in the book keeping system before ledger…
Q: Moya Co. establishes a petty cash fund for payments of small amounts. The following transactions…
A: Petty Cash: Petty cash or a petty cash fund is a small amount of money available for paying small…
Q: August Transactions Aug. Mikaela Mundt invested $2,400.00 of her own money in the business. Receipt…
A: The practice of documenting commercial transactions for the first time in the books of accounts is…
Q: Checks and charges returned by bank in June incuding June service charge of P50,000 8,000,000.00…
A: Outstanding checks are defined as those which have been recorded as well as written in cash account…
Q: The December cash records of Kirk’s Hardware follow: Cash Receipts Cash Payments Date Cash…
A: Bank Reconciliation Statement
Q: 1. Journalize the selected transactions. Assume 360 days per year. If no entry is required, select…
A: A JOURNAL ENTRY IS RECORD OF BUSINESS TRANSACTION IN THE ACCOUNTING BOOKS OF BUSINESS AND THEY ARE…
Q: 8. A $100 IOU from the company receptionist 9. Cash register floats of $300 10. Over-the-counter…
A: The cash and cash equivalent consist of the cash and other line items that can be converted into…
Q: Black Water Company established a $75 petty cash fund on August 1. On August 31, the fund had $10…
A: Petty cash means a small amount of cash is transfer from the cash book to the petty cash book for…
Q: Jul 13 The owner, Jen Beck, withdrew $2,000 cash for personal use, Check No. 78. Memorize the…
A: Basically Amount withdraw for personal use from business Bank Funds, as per given data jen beck…
Q: Journal entry for: Feb1: paid rent for February amounting to $660, cheque#3354. Feb1: Tee R Us…
A: Rent paid is a fixed expense incurred by the company. They maybe direct or indirect, lets say that…
Q: A petty cash book has an imprest amount of $100 which is restored on the last day of each month.…
A: Petty cash book is the cashbook maintained for small petty expenses incurred in the business. All…
Q: Remaining Time: 1 hour, 34 minutes, 06 seconds. v Question Completion Status: QUESTION 5 Brown…
A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…
Q: Madison Company's cash ledger reports the following for the month ending March 31. Date Amount…
A: working note : service fees =$34 +$15 +$25 =74 After Reconciliation=($6,970+ $2,100- $1,400 = $7,670
Q: July Established a petty cash fund of $1,100. 1. The cash sales for the day, according to the cash…
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
Q: Jeremiah Restoration Company completed the following selected transactions during January.…
A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
- Class Specificatio WileyPLUS X myStanState Port Bb Ch 16 WP - 2019 + L- https://edugen.wileyplus.com/edugen/student/mainfr.uni Kieso, intermeaiate ACCounting, 16e INTERMED. ACCOUNTING (ACC 31I0/- Assignment Gradebook ORION Downloadable eTextbook nt CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Exercise 16-23 Your answer is partially correct. Try again. On June 1, 2015, Sage Company and Pronghorn Company merged to form Stellar Inc. A total of 876,000 shares were issued to complete the merger. The new corporation reports on a calendar-year basis. On April 1, 2017, the company issued an additional 637,000 shares of stock for cash. All 1,513,000 shares were outstanding on December 31, 2017. Stellar Inc. also issued $600,000 of 20-year, 8% convertible bonds at par on July 1, 2017. Each $1,000 bond converts to 44 shares of common at any interest date. None of the bonds have been converted to date. Stellar Inc. is preparing its annual report for the fiscal year ending December 31, 2017. The…ogle Sheets G american association of peop x w Chapter 5 Homework NWP Assessment Player UI A x - Wiley Course Resources A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=49c81008-809a-4bc8-914e-9ab92d5bfb7f#/question/0 W Desmos Google Keep O Dashboard e Welcome- Liferay 9 MLA Citation Gener ACC201-01 TWSU Wsu O YouTube Goldlink Music 101-06 er 5 Homework Question 1 of 8 > -/6 E View Policies Current Attempt in Progress Presented here are the components in Carla Vista Co's income statement. Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Oper Year $76.020 2$ (b) $ 32,200 %24 Year $112,800 $70,200 2$ (c) 24 %24 2 Year (a) $74,460 $115,930 3 eTextbook and Media Assistance Used Save for Later Attempts: 0 of 3 used Submit Answer hp F2 F3- F4 F5 F6 4) F7 FA F9 F10 F11 F12 Print Screen Pause Break %23 & 2. 5Question 7 of 13 - Module One + education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=0db9e60e-b27b-40f9-b0bf-0c88ee4c36ba#/question/6 Module One Problem Set Question 7 of 13 -/4 == Your first internship assignment is to prepare two schedules for Windsor Blue Co., a manufacturing company. You have a file that contains a copy of last year's work for both schedules; you plan to follow the same format as last year, hoping the staff accountant had it right. You also have access to the full set of financials for Windsor Blue, and you can dig further into any of the accounts via the accounting system, too. Here's the information you have pulled, with the same items as last year. DM Inventory WIP Inventory FG Inventory DM purchases DL costs Production supervisor salary Utility costs in production space Depreciation on manufacturing facility and equipment Beginning of Year End of year $9,200 $10,000 21,000 13,000 6,300 8,000 153,000 232,000 56,000 14,000 42,000 វា វា
- File Edit View History Bookmarks Tools Window Help Appendix 3B: Work Sheet as a TX nework Problems Chapter 3 i 7 59 ints eBook C Print n References Mc Graw Hill 1 08 F1 Question 7 Homework Problems CIX - On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252F April 2 Nozomi invested $36,000 cash and computer equipment worth $35,000 in the company in exchange for its common stock. 167 Computer Equipment 168 Accumulated Depreciation-Computer Equipment. 209 Salaries Payable 307 Common Stock 318 Retained Earnings 319 Dividends @ April 3 The company rented furnished office space by paying $2,200 cash for the first month's (April) rent. April 4 The company purchased $1,800 of office supplies for cash. 2 April 10 The company paid $2,880 cash for a 12-month insurance policy. Coverage begins on April 11.…Mid-term Exam #1 A NWP Assessment Player UI Appl x O https://checkout.wileyplus.com/c x https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchld%3Dd441ed84-3feb-4052-ac9a-950d7f7545c3#/question/2 #1 ר Question 3 of 5 -/5 Current Attempt in Progress Blossom Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022. 1. Purchased a 1-year insurance policy on June 1 for $ 2,196 cash. 2. Paid $7,930 on August 31 for 5 months' rent in advance. On September 4, received $ 4,392 cash in advance froma corporation to sponsor a game each month for a total of 9 months 3. for the most improved students at a local school. Signed a contract for cleaning services starting December 1 for $ 1,220 per month. Paid for the first 2 months on November 4. 30. (Hint: Use the account Prepaid Cleaning to record prepayments.) On December 5, received $ 1,830 in advance from a gaming club. Determined that on December 31,$ 590 of these…Google Calendar - Tuesday, April X M ACC-650 TOPIC 5 Assignment X WP Question 9 of 11 - ACC-650 TOP X ui/v2/assessment-player/index.html?launchld=78f9d393-a0ac-40c8-aeb3-468fb86f3881#/question/8 : BILL'S APPTS ELSA'S APPTS AMBER'S APPT'S : LENTON'S APPT'S : CHUCK'S APPT'S : GABBY'S APPT'S MAKE PAYMENTS ShareFile Question 9 of 11 × Your answer is incorrect. 3.75/9 : Return to the original data. Monk Builders has just signed a contract with the state government to replace the windows in low- income housing units throughout the state. Monk needs 80,000 windows to complete the job and has offered to buy them from Wilson at a price of $120.00 per window. Monk will pick up the windows at Wilson's plant, so Wilson will not incur the $2 per window shipping charge. In addition, Wilson will not need to pay a distributor's commission, since the windows will not be sold through a distributor. Calculate the contribution from special order, contribution lost from regular sales and the net…
- Search C Home - my.centennialcollege.ca X DEL Chapter 4 Lab Assignment - 23W X //education.wiley.com/was/ui/v2/assessment-player/index.html?launchid=04b006d1-1c34-41d2-89b2-ce00ad6b400d#/que X Assignment (001 22F) Question 5 of 7 (a1) $2,120 49,100 21,300 34.490 Notes payable (long-term) 62,200 Cash Accounts receivable Accumulated depreciation-equipment 4,030 D. Pharoah, drawings Depreciation expense 8,800 D. Pharoah, capital (beginning of the year) NWP Assessment Builder Q Search J $1,720 13,000 9,700 6,050 2,980 3,950 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding parentheses e.g. (45).) 49,600blem Set: ModX * CengageNOWv2 | On x * Cengage Learning B Milestone Two Guidel x G module 5 problem set X ow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=. Lo еВook Show Me How Entries for notes payable Bennett Enterprises issues a $660,000, 45-day, 9%, note to Spectrum Industries for merchandise inventory. Assume a 360-day year. If required, round your answers to the nearest dollar.If an amount box does not require an entry, leave it blank. a. Journalize Bennett Enterprises' entries to record: 1. the issuance of the note. 2. the payment of the note at maturity. 2 b. Journalize Spectrum Industries' entries to record: 1. the receipt of the note. 2. the receipt of the payment of the note at maturity. Previous Check My Work 56°F Mostly cloudy ヘ 回。E Chapter 10 Homework - FINANC X O NWP Assessment Player UI Appli x A Player + i education.wiley.com/player/#/res;url=https:%2F%2Feducation.wiley.com%2Fcontent%2FKieso_Intermediate_Accounting 17e%2Febook%2Fepub%2F9781119503682%2FOPS%2FC10.xht.. E10.1 (LO 1) (Acquisition Costs of Realty) The following expenditures and receipts are related to land, land improvements, and buildings acquired for use in a business enterprise. The receipts are enclosed in parentheses. a. Money borrowed to pay building contractor (signed a note) $(275,000) b. Payment for construction from note proceeds 275,000 c. Cost of land fill and clearing 8,000 d. Delinquent real estate taxes on property assumed by purchaser 7,000 e. Premium on 6-month insurance policy during construction 6,000 f. Refund of 1-month insurance premium because construction completed early (1,000) g. Architect's fee on building 22,000 h. Cost of real estate purchased as a plant site (land $200,000 and building $50,000) 250,000 i. Commission…
- 合日 Document1 Q. Search in Document Home Insert Draw Design Layout References Mailings Review View + Share a A. A- E -E - E , E E Times New R... - AaBbCcDc AaBbCcDdEe AaBb( AabbCcDdEe AaBbCcDdEe AaBbCcDdEe AgBbCcDdEe AgBbCcDdEe Paste в I U - abe X, x2 Normal Heading 1 Subtle Emph.. Emphasis Styles Pane No Spacing Heading 2 Title Subtitle You are considering opening your own restaurant. To do so, you will have to quit your current job, which pays $46k per year, and cash in your life savings of $200k, which have been in a certificate of deposit paying 6% per year. You will need this $200k to purchase equipment for your restaurant operations. You estimate that you will have to spend $4k during the year to maintain the equipment so as to preserve its market value at $200k. Fortunately, you own a building suitable for the restaurant. You currently rent out this building on a month-by-month basis for $2,500 per month. You anticipate that you will spend $50k for food, $40k for extra help, and…B Milestone Two Guidel x G module 5 problem set n Set: Mod x * CengageNOWv2 | Onl x Cengage Learning .com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogres... Proceeds from Notes Payable On January 26, Bella Co. borrowed cash from Conrad Bank by issuing a 30-day note with a face amount of $48,000. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 6%. b. Determine the proceeds of the note, assuming the note is discounted at 6%. Check My Work Previous Next All work saved. Email Instructor Save and Exit Submit Assignment for Grading 2:58 PM 56°F 11/28/2021Bookmarks People Tab Window Help 192.168.1.229 60 83% Wed 12:20 PM Chapter 10 Homework (Applice X CengageNOWv2 | Online teach x lim/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false ☆ 青N Login Common A... A Common Black Co... *No Fear Shakespe... b Hamlet, Prince of... E 12th Grade PVA H.. O Paraphrasing Tool.. eBook Labor Variances. Verde Company produces wheels for bicycles. During the year, 656,000 wheels were produced. The actual labor used was 364,000 hours at $9.20 per hour. Verde has the following labor standards: 1) $10.40 per hour; 2) 0.48 hour per wheel. Required: 1. Compute the labor rate variance. 2. Compute the labor efficiency variance. Previous Next Check My Work