please please help solve the following I only have 30 mins left: refer to the photos please solve from cash until Total debit amount of the Unadjusted Trial Balance Cash Supplies Building Accounts Payable Notes Payable Darrell Palusky, Capital Withdrawals Service Revenue Salary Expense Rent Expense Property Tax Expense Current Assets Total Liabilities Total ProprietorshipTotal debit amount of the Unadjusted Trial Balance Party Time Amusements uses the following accounts:CashWithdrawalsSuppliesService RevenueBuildingSalary ExpenseRent ExpenseAccounts PayableNotes PayableProperty Tax expenseDarrell Palusky, CapitalRequired:- Balance Sheet accounts' ending balances as of January 31, 2020.- Balances of the Income Statement accounts for the month ended January 31, 2020. Party Time Amusements Company owns movie theaters. Party Timeengaged in the following business transactions in 2015:January 1 Darrell Palusky invested $350,000 personal cash in the business bydepositing that amount in a bank account titled Party Time Amusements.The business gave capital to Palusky.Paid $320,000 cash to purchase a theater building.Borrowed $220,000 from the bank. Palusky signed a note payable to thebank in the name of Party Time.Purchased theater supplies on account, $1,000.Paid $600 on account.2.5.1015Paid property tax expense on theater building. $350.Paid employees' salaries $2,900, and rent on equipment $1,300.Palusky withdrew $8,000.Received $20,000 cash from service revenue and deposited that amountin the bank.15162830

Trial balance: A trial balance is a list of all the ledger accounts with their closing balances…

please please help solve the following I only have 30 mins left: refer to the photos please solve from cash until Total debit amount of the Unadjusted Trial Balance Cash Supplies Building Accounts Payable Notes Payable Darrell Palusky, Capital Withdrawals Service Revenue Salary Expense Rent Expense Property Tax Expense Current Assets Total Liabilities Total Proprietorship Total debit amount of the

please please help solve the following I only have 30 mins left: refer to the photos please solve from cash until Total debit amount of the Unadjusted Trial Balance Cash Supplies Building Accounts Payable Notes Payable Darrell Palusky, Capital Withdrawals Service Revenue Salary Expense Rent Expense Property Tax Expense Current Assets Total Liabilities Total Proprietorship Total debit amount of the

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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Review and study the following journal entries and determine which entries have errors. All transactions are regular daily transactions (no adjusting entries). When looking for errors ask yourself does that transaction make sense? Once you discover an error, state how you would correct it.
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ADDITIONAL PRACTICE PROBELM: TRANSACTION JOURNAL ENTRIES Do you know your Left from your Right? Debits and Credits as you shop Instructions: Below are some examples of transactions that college students might engage in. For each transaction record the proper journal entry. Transaction Journal entry 1. You buy a computer for $1,500.00 on credit DR: $1,500.00 CR: $1,500.00 | 2. You purchase for cash ($2.00) and consume a DR: $2.00 St. Pauli Girl at the local pub. CR: $2.00 3. You purchase for future consumption a case DR: $35.00 of St. Pauli Girl for $35.00 cash CR: $35.00 4. You work a part-time job and receive $500 in DR: $500.00 monthly compensation CR: $500.00 5. You pay $1,000 toward the computer purchased DR: $1.000.00 in (1) above. CR: $1,000.00
Your new company paid the invoice for their account with Alli's Broom Supply Company. What would your journal entry look like when you record this transaction? a) Debit Cash; Credit Accounts Payable b) Debit Cash; Credit Supplies Expense c) Debit Accounts Receivable; Credit Cash d) Debit Accounts Payable; Credit Cash
eBook Using the following information, prepare the journal entries to reconcile the bank statement. Bank balance: $6,788 Book balance: $8,393 Deposits in transit: $1,735 Outstanding checks: $579 and $1,523 Bank service charges: $25 Bank incorrectly charged the account $25. The bank will correct the error next month. Check number 2456 correctly cleared the bank in the amount of $137 but posted in the accounting records as $317. This check was expensed to Utilities Expense.
Analyze each transaction and match it with the correct journal entry as stated. Be sure to look at each transaction carefully to ensure you make the correct choice. Purchase on account some office equipment Paid for utilities expense Paid the bank back the money previously borrowed on a note Paid the telephone bill received Made a partial payment to a creditor on account Took cash out of the business to pay for a personal bill Record revenues earned, but not collected yet Record internet expenses incurred, but not paid yet Received cash for the return of some equipment that was defective Received Payment from customer on an accounts receivable Made payment to an accounts payable Paid salary for office administrator Dr. Office Equipment; Cr. Acc Dr. Utilities Expense; Cr. Casl Dr. Accounts Payable; Cr. Cas Dr. Telephone Expense; Cr. C✓ Dr. Cash; Cr. Account Receivi Dr. Accounts Payable; Cr. Ca: ✓ Dr. Internet Expense; Cr. Acc Dr. Internet Expense; Cr. Acc Dr. Cash; Cr. Account Receiv:…
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eBook Using the following information, prepare the journal entries to reconcile the bank statement. Bank balance: $4,678 Book balance: $2,351 Deposits in transit: $325 Outstanding checks: $108 and $534 Bank service charges: $25 Notes receivable: $2,000; Interest income: $35 If an amount box does not require an entry, leave it blank.