Record the general journal entries that would be made to record the transactions.DATETRANSACTIONSSeptember 1, 20x1 Martin Zillow invested $76,400 in cash to start the firm.September 2, 20x1 Purchased office equipment for $6,658 on credit from Furniture Expo, Incorporated; received Invoice8925, payable in 30 days.September 3, 20x1 Purchased an automobile thai will be used to visit clients; issued Check 1001 for $33,400 in fullpayment.September 4, 20x1 Purchased supplies for $815; paid immediately with Check 1002.September 5, 20x1 Returned damaged supplies for a cash refund of $265.September 6, 20x1 Issued Check 1003 for $4,550 to Furniture Expo, Incorporated, as payment on account for Invoice8925.September 7, 20x1 Withdrew $7,400 in cash for personal expenses.September 8, 20x1 Issued Check 1004 for $4,900 to pay the rent for September.September 9, 20X1 Performed services for $18,915 in cash.September 10, 20x1 Paid $335 for monthly telephone bill, Check 1885.

General Journal Entries: These are the records of financial transactions in the accounting system.…

Answered: Record the general journal entries that…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 5PA: Review the following transactions, and prepare any necessary journal entries. A. On July 16, Arrow...

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Here are selected transactions of Mason Consulting Service. Post the transactions into the appropriate Ledger accounts DATE TRANSACTIONS 20X1 Sept. 1 Zack Mason invested $41,000 in cash to start the firm. 4 Purchased office equipment for $4,600 on credit from Den, Inc.; received Invoice 9823, payable in 30 days. 16 Purchased an automobile that will be used to visit clients; issued Check 1001 for $12,600 in full payment. 20 Purchased supplies for $330; paid immediately with Check 1002. 23 Returned damaged supplies for a cash refund of $75. 30 Issued Check 1003 for $2,750 to Den, Inc., as payment on account for Invoice 9823. 30 Withdrew $1,100 in cash for personal expenses. 30 Issued Check 100ø4 for $750 to pay the rent for October. 30 Performed services for $3,200 in cash. 30 Paid $340 for monthly telephone bill, Check 1005.
Here are selected transactions of Mason Consulting Service. Post the transactions into the appropriate Ledger accounts. DATE TRANSACTIONS 20X1 Sept. 1 Zack Mason invested $41,000 in cash to start the firm. 4 Purchased office equipment for $4,600 on credit from Den, Inc.; received Invoice 9823, payable in 30 days. 16 Purchased an automobile that will be used to visit clients; issued Check 1001 for $12,600 in full payment. 20 Purchased supplies for $330; paid immediately with Check 1002. 23 Returned damaged s upplies for a cash refund of $75. 30 Issued Check 1003 for $2,750 to Den, Inc., as payment on account for Invoice 9823. 30 Withdrew $1,100 in cash for personal expenses. 30 Issued Check 1004 for $750 to pay the rent for October. 30 Performed services for $3,200 in cash. 30 Paid $340 for monthly telephone bill, Check 1005.
Here are selected transactions of Mason Consulting Service. Post the transactions into the appropriate Ledger accom DATE TRANSACTIONS 20X1 Sept. 1 Zack Mason invested $41,000 in cash to start the firm. 4 Purchased office equipment for $4,600 on credit from Den, Inc.; received Invoice 9823, payable in 30 d 16 Purchased an automobile that will be used to visit clients; issued Check 1001 for $12,600 in full payr 20 Purchased supplies for $330; paid immediately with Check 1002. 23 Returned damaged supplies for a cash refund of $75. 30 Issued Check 1003 for $2,750 to Den, Inc., as payment on account for Invoice 9823. 30 Withdrew $1,100 in cash for personal expenses. 30 Issued Check 1004 for $750 to pay the rent for October. 30 Performed services for $3,200 in cash. 30 Paid $340 for monthly telephone bill, Check 1005.
can you show me the correct journal entries for these please, want to compare to double check my work.
PROBLEM SOLVING JOURNAL ENTRIES Mr. Romero Carodam established a repair shop on January 3 of the current year. A summary of the January transactions is presented below: Jan. 3 5 7 8. 10. 12 15 16 NNNNO 20 25 27 30 Invested P50,000 in cash deposited at PCI Bank in the name of the Paid a monthly rental amounting to P4,000. Purchased equipment for P8,000 cash. Bought office supplies, P2,000. Collected P15,000 from customers in various repair services. Incurred P2,000 of advertising costs on account. Paid employees salaries P7,000. Withdrew P3,000 cash for personal use. Rendered repair service on account to customers, P12,000 Paid telephone bill, P1,500 Paid light and water bills, P1,500 Collected P10,000 for services billed on January 20. business. Required: Journalize the transactions using the following accounts titles. Cash, Accounts Receivable, Office Supplies, Equipment, Accounts Payable and R. Carodam, Capital. R. Carodam Drawing, Service Income, Rent Expense, Advertising Expense,…
Please provide journal entries for the following: 1. Deposited P900,000 in the bank and contributed a systems library valued at P390,000 to start a business.2. Paid office rent for the month, P36,000.3. Acquired computer equipment for cash, P700,000.4. Purchased computer supplies on credit, P60,000.5. Received payment from a client for programing done, P280,000.6. Billed a client on completion of a programming project, P71,000.7. Paid salaries, P80,000.8. Received a partial payment from the client billed, P61,000.9. Withdrew P25,000 for personal expenses.10. Made partial payment on the supplies purchased, P30,000
Hi, I need help assembling the following journal entries. Thank you.
Can you show me what the general ledgers would look like. I have them done just want to double check my work
Prepare the journal entry required for each transaction: Oct. 01, 2022: Mr. Alberto invested P500,000 cash in the computer rental shop Oct. 02, 2022: Mr Alberto bought 10 units of computer at P30,000 each for the shop. The computers were delivered the next day with Mr Alberto fully paying the supplier in cash. Oct. 05, 2022: Some tables and chairs were purchased from Deluxe Furniture Co. for P10,000 to be paid on the following terms: 50% within 10 days and the balance within 30 days. Oct. 12, 2022: Mr Alberto borrowed from P300,000 from a bank, which he promised to pay by December 2022. Oct. 15, 2022: A payment of P5,000 representing 50% of the liability to Deluxe Furniture Co. was made in accordance with the terms of credit. Oct. 20, 2022: Mr Alberto bought 2 laser printers worth P50,000 for use in his computer rental shop. He paid for these printers in cash. Oct. 23, 2022: Mr Alberto bought 10 toner cartridges worth P15,000 as supplies for his printers. Oct. 25, 2022: Mr…
How to make journal entry about this.
Make a journal entry
Review the following transactions, and prepare any necessary journal entries. A. On July 16, Arrow Corp. purchases 200 computers (Equipment) at $500 per computer from a supplier, on credit. Terms of the purchase are 4/10, n/50 from the invoice date of July 16. B. On August 10, Hondo Inc. receives advance cash payment from a client for legal services in the amount of $9,000. Hondo had yet to provide legal services as of August 10. C. On September 22, Jack Pies sells thirty pies for $25 cash per pie. The sales tax rate is 8%. D. On November 8, More Supplies paid a portion of their noncurrent note in the amount of $3,250 cash.

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