list 1 2 3 14 m 5 in 6 n 7 on 8 K More info Jan. 9, 2023 Jan. 29, 2023 The following transactions of Seattle Pharmacies occurred during 2023 and 2024: (Click the icon to view the transactions.) Feb. 5, 2023 Jul. 9, 2023 Aug. 31, 2023 Journalize the transactions in Seattle's general journal. Explanations are not required. Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.) Dec. 31, 2023 Dec. 31, 2023 Feb. 28, 2024 Purchased computer equipment at a cost of $11,000, signing a six-month, 6% note payable for that amount. Recorded the week's sales of $62,000, three-fourths on credit and one-fourth for cash. Sales amounts are subject to a 6% state sales tax. Ignore cost of goods sold. Sent the last week's sales tax to the state. Paid the six-month, 6% note, plus interest, at maturity. Purchased merchandise inventory for $15,000, signing a six-month, 11% note payable. The company uses the perpetual inventory system. Accrued warranty expense, which is estimated at 4% of sales of $608,000. Accrued interest on all outstanding notes payable. Paid the six-month 11% note, plus interest, at maturity. X

list 1 2 3 14 m 5 in 6 n 7 on 8 K More info Jan. 9, 2023 Jan. 29, 2023 The following transactions of Seattle Pharmacies occurred during 2023 and 2024: (Click the icon to view the transactions.) Feb. 5, 2023 Jul. 9, 2023 Aug. 31, 2023 Journalize the transactions in Seattle's general journal. Explanations are not required. Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.) Dec. 31, 2023 Dec. 31, 2023 Feb. 28, 2024 Purchased computer equipment at a cost of $11,000, signing a six-month, 6% note payable for that amount. Recorded the week's sales of $62,000, three-fourths on credit and one-fourth for cash. Sales amounts are subject to a 6% state sales tax. Ignore cost of goods sold. Sent the last week's sales tax to the state. Paid the six-month, 6% note, plus interest, at maturity. Purchased merchandise inventory for $15,000, signing a six-month, 11% note payable. The company uses the perpetual inventory system. Accrued warranty expense, which is estimated at 4% of sales of $608,000. Accrued interest on all outstanding notes payable. Paid the six-month 11% note, plus interest, at maturity. X

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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st .fm K The following information is needed to reconcile the cash balance for Gourmet Catering Services, *A deposit of $5,800 is in transit. * Outstanding checks total $1,100. *The book balance is $6,000 at February 28, 2025. The bookkeeper recorded a $1,500 check as $17,400 in payment of the current month's rent The bank balance at February 28, 2025 was $15,430. A deposit of $200 was credited by the bank for $2,000. A customer's check for $3,500 was returned for nonsufficient funds The bank service charge is $70. What was the adjusted book balance? OA. $15,500 OB. $18,400 OC. $18,330 OD. $18,470 This question; pos
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Brief Exercise 9-12 (Algo) Record bond issue at a discount and related annual interest (LO9-5) Pretzelmania, Incorporated, issues 5%, 20-year bonds with a face amount of $68,000 for $60,200 on January 1, 2024. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid annually on December 31. Required: 1. & 2. Record the bond issue on January 1, 2024 and first interest payment on December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round your intermediate calculations. Round final answers to the nearest whole dollar.) View transaction list Journal entry worksheet
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[The following information applies to the questions displayed below.] On January 1, Year 1, the general ledger of a company includes the following account balances: Debit Credit Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts $ 25,600 47,200 $ 4,700 Inventory Land 20,500 51,000 17,500 Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, Year 2) Common Stock 2,000 29,000 55,000 40,000 31,100 $161,800 Retained Earnings Totals $161,800 During January Year 1, the following transactions occur: 2 Sold gift cards totaling $9,000. The cards are redeemable for merchandise within one year of the purchase date. 6 Purchase additional inventory on account, $152,000. January January January 15 The comapany sales for the first half the onth total $140,000. All of these sales are on account. The cost of the units sold is $76,300. January 23 Receive $125,900 from customers on accounts receivable. January 25 Pay $95,000 to inventory suppliers on…
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MUMassD Logor X E Quicklaunch - x K. myCourses Da: X Se Univ of Mass - X Ceng g In | Federa x ducation.com Saved mework View transaction list Journal entry worksheet 1 3 4 8 9 10 Provided $57,971 in service to customers during the year, with $21,658 on account and the rest received in cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 0 日 search
**General Journal needed** Review uploaded images Rick Hall owns a card shop: Hall’s Cards. The following cash information is available for the month of August Year 1. As of August 31, the bank statement shows a balance of $13,250. The August 31 unadjusted balance in the Cash account of Hall’s Cards is $9,564. A review of the bank statement revealed the following information: A deposit of $1,250 on August 31, Year 1, does not appear on the August bank statement. It was discovered that a check to pay for baseball cards was correctly written and paid by the bank for $1,750 but was recorded on the books as $2,650. When checks written during the month were compared with those paid by the bank, three checks amounting to $4,095 were found to be outstanding. A debit memo for $59 was included in the bank statement for the purchase of a new supply of checks.
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