O CreditQuestion 4Westin Supply sold store supplies on account to Kayla's Gift Shop for $256 and Kayla'sGift Shop recorded the transaction as shown above. What would be the correctposting of this General Journal Entry shown in Figure 3.03 L to the General Ledger?GENERAL JOURNALPage 33DocPOST.GENERALDATEACCOUNT TITLENOREF.DEBITCREDIT1 Jun9 Supplies -StoreAccts. Pay.Westin SupplyM441150256.002256.00Figure 3.03 LO Debit Supplies-Store $256; credit Accounts Payable/Westin Supply, $256O Debit Supplies-Store $256; credit Accounts Payable-Controlling Account, $256 and creditAccounts Payable/Westin Supply, $256O Debit Accounts Payable-Controlling Account, $256; credit Accounts Payable/ Westin Supply,$256O Debit Accounts Payable/ Westin Supply, $256; credit Supplies-Store $256

In the general journal, a simple transaction requires three lines—two to list the accounts and one…

Question 4 Westin Supply sold store supplies on account to Kayla's Gift Shop for $256 and Kayla's Gift Shop recorded the transaction as shown above. What would be the correct posting of this General Journal Entry shown in Figure 3.03 L to the General Ledger? GENERAL JOURNAL Page 33 Doc POST. GENERAL DATE ACCOUNT TITLE NO REF. DEBIT CREDIT Jun 9 Supplies -Store M44 1150 256.00 Accts. Pay./Westin Supply 256.00 Figure 3.03 L O Debit Supplies-Store $256; credit Accounts Payable/Westin Supply, $256 O Debit Supplies-Store $256; credit Accounts Payable-Controlling Account, $256 and credit Accounts Payable/Westin Supply, $256 O Debit Accounts Payable-Controlling Account, $256; credit Accounts Payable/ Westin Supply, $256 O Debit Accounts Payable/ Westin Supply, $256; credit Supplies-Store $256

Question 4 Westin Supply sold store supplies on account to Kayla's Gift Shop for $256 and Kayla's Gift Shop recorded the transaction as shown above. What would be the correct posting of this General Journal Entry shown in Figure 3.03 L to the General Ledger? GENERAL JOURNAL Page 33 Doc POST. GENERAL DATE ACCOUNT TITLE NO REF. DEBIT CREDIT Jun 9 Supplies -Store M44 1150 256.00 Accts. Pay./Westin Supply 256.00 Figure 3.03 L O Debit Supplies-Store $256; credit Accounts Payable/Westin Supply, $256 O Debit Supplies-Store $256; credit Accounts Payable-Controlling Account, $256 and credit Accounts Payable/Westin Supply, $256 O Debit Accounts Payable-Controlling Account, $256; credit Accounts Payable/ Westin Supply, $256 O Debit Accounts Payable/ Westin Supply, $256; credit Supplies-Store $256

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

please dont provide handwritten and image based answer thank you
Accounting Q
None
CengageNOWv2| Assignmer * CengageNOWv2 | Online tea QAccounting Ch. 12 Flashcards New Tab com The purchases journal for J. K. Insurance for the month of October is represented below. Accounts Payable is account number 202 and Purchases is account number 501. PURCHASES JOURNAL Page 5 Purchases Debit/ Accounts Payable Date Invoice No. From Whom Purchased Post Ref. Credit Oct. 2 3118 Express Florist 3,550.00 4 3119 T. C. S. Supplies 2,790.00 8 3120 Auto Body Repair 3,850.00 3121 Signs Unlimited 4,150.00 10 3122 Dynasty Limo 2,380.00 15 3123 T. C. S. Supplies 2,150.00 18,870.00 Required: 1. Post the information from the purchases journal to the appropriate general ledger and accounts payable ledger accounts. GENERAL LEDGER ACCOUNT Accounts Payable ACCOUNT NO. 202 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT Oct. 2 P5 ACCOUNT Purchases ACCOUNT NO. 501 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT P5
Hello, I need help please
8:33 ull LTE AA v2.cengagenow.com CengageNOWv2 | Online teaching and learning resource from Cengage Learning Close Window Print 1. EX.09-03 O eBook Show Me How Entries for Uncollectible Accounts, using Direct Write-Off Method Journalize the following transactions in the accounts of Champion Medical Co., a medical equipment company that uses the direct write-off method of accounting for uncollectible receivables: Jan. Sold merchandise on account to Dr. Dale Van Dyken, $30,000. The cost of the 19. merchandise sold was $20,500. July Received $12,000 from Dr. Dale Van Dyken and wrote off the remainder owed on 7. the sale of January 19 as uncollectible. Nov. Reinstated the account of Dr. Dale Van Dyken that had been written off on July 7 2. and received $18,000 cash in full payment. For a compound transaction, if an amount box does not require an entry, leave it blank. Jan. 19-sale Jan. 19-cost July 7 Nov. 2-reinstate Nov. 2-collection
Question 3 You are required to prepare a sales ledger control account from the following for the month of May. The balance of the account is to be taken as the total of accounts receivable as on 31 May. 2019 May 1 Debit balances Totals for May: Sales journal Cash and cheques received from accounts Discounts allowed receivable Debit balances in the sales ledger set off against credit balances in the purchase ledger 31 Credit balances RM 6,420,000 12,800,000 10,370,000 395,000 145,000 50,000 REQUIRED: Indicate whether the balance of accounts payable is right or wrong. Prepare the sales control accounts.
How do I record the current transaction?
please provide all journal entry without image thnx
it View History M faith@.. tems 37.66% ··· Bookmarks Window AOL Ma.... B E C eBook U Sales Mail - F... Cost of goods sold Help Operating income Expenses: Selling expenses Administrative expenses The following multiple-step, income statement was prepared for Carlsbad Company contains errors: CARLSBAD COMPANY Income Statement For the Year Ended February 28, 2018 Delivery expense Total expenses Other expense: Interest revenue Gross profit R V Portal h... Check My Work 10 more Check My Work uses remaining. % G Chapter... B v2.cengagenow.com Prepare a corrected income statement for Carlsbad Company for the year ended February 28, 2018. Carlsbad Company Income Statement 6 $ 1,800,000 1,350,000 112,500 H C Cengag.. 9,495,000 (5,962,500) $3,532,500 (3,262,500) 270,000 90,000 $180,000 All work saved. N MacBook Pro ** W Activity... 8 M FA 9 K Save and Exit Submit Assignment for Grading 1
Please don't provide answer in image format thank you Use these account balances to prepare the financial statements for Freddy's Fudge and Food Gifts. Each financial statement should be shown on the following three sheets of paper. The headings, subtotals, totals and formatting should be proper according to GAAP. Freddy's Fudge and Food Gifts Account Balances December 31, 2021 Account Amounts Accounts payable 31,520 Accounts receivable 77,770 Accrued payroll taxes 2,450 Accumulated depreciation 33,800 Additional Paid In Capital - Common Stock 6,000 Advertising expense 9,800 Allowance for Doubtful Accounts 7,200 Bonds payable 100,000 Buildings 98,600 Cash 15,425 Common stock 50,000 Cost of Goods Sold 948,332 Current portion of long-term debt 5,000 Depreciation expense 12,800 Discount on bonds 6,800 Dividends 20,000 Employee benefits 26,480 Equipment 45,500 Income tax expense 12,690 Insurance expense 5,600 Interest and dividend income 1,800 Interest expense (2,600) Inventory…
Fill in the missing amounts in the accounts payable subsidiary ledgers for Al's Tractor Supply. NAME: B. Mario ACCOUNTS PAYABLE LEDGER ADDRESS: 1230 Rose Ave, Watertown, WI 53094 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- July 8 P7 1,900.00 1,900.00 July 15 J3 400.00 NAME: Denson & Soldner ACCOUNTS PAYABLE LEDGER ADDRESS: 111 Chase St, Johnson Creek, WI 53081 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- July 3 P7 3,100.00 3,100.00 July 13 CP9 3,100.00 July 29 P7 3,460.00 ACCOUNTS PAYABLE LEDGER NAME: Hutchinson Supplies ADDRESS: 1985 County Road, Lake Mills, WI 53577 DATE TTEM POST. REF. DEBIT CREDIT BALANCE