paid supplies purchased on account last month REQUIRED: General Journal & General LedgerGeneral Instructions: (1) NO ERASURE, any form of ALTERATION consideredWRONG. (2) Write your answer in one whole sheet of paper. (3) This activityconsists of 3 or 4 members per group.Paid for supplies purchased on account last month, P4,000.Sept. 3Sept. 5Billed customers for services rendered, P12, 500.Sept. 6Paid for one month's lease on a pick up truck, P7,500.Sept. 7Purchased supplies on account, P5, 400.Sept. 7Received cash fr customers not previously billed, P10, 800.Sept. 8P45,000.Purchased new equipment from Manufacturing Company on account,Sept. 9Receive a bill for a change oil on the truck, P1, 300.Sept. 10 Return a portion of the equipment that was purchased on Sept. 8 forcredit, P15, 000.Sept. 14Sept. 15Received payments for customers previously billed, P8, 200.Paid the bill received on Sept. 9.Sept. 19Paid for supplies purchased on Sept. 7.Sept. 20Purchased equipment on account, P12, 000.Sept. 25Sept. 25Received payments from customer previously billed, P5, 400.Purchased gasoline for the truck, P2, 500.Sept. 29P20,000.Sept. 30Made a payment to reduce the principal on the note payable,Withdrew P10, 000 for personal use.

Explanation of the TransactionTransaction: "Paid for supplies purchased on account last month,…

Answered: REQUIRED: General Journal & General…

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter22: End-of-fiscal-period Work For A Corporation

Section: Chapter Questions

Problem 1CP

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Refer to RE6-8. On April 23, 2020, McKinncy Co. receives a check, from Mangold Corporation for 8,500. Prepare the journal entry for McKinncy to record the collection of the account previously written off.
What are the following journal entries of the following? MISCELLANEOUS EXPENSES ( VAT INCLUSIVE ) Promotional expenses 25,145.28 Paid Site Tripping Expenses ( Non-Vatable) 12,419.00 6,892.00 Paid Office Supplies 4,274.47 Paid Travel and Transportation ( Non-Vatable) 2,590.00 3,412.50 1,784.45 Paid Postage and mailing 767.38 447.22 Paid Miscellaneous ( Non-Vatable) 5,619.49 Paid Bank Penalties ( Non-Vatable) 5,000.00 2,000.00 8,000.00 Paid; (Auto Debit) Penalties - Late Payment ( Non-Vatable) 1,000.00 PAID
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
Journalize perpet luutu a variety purpetual lnventory system. During September, these entries. curzed. (LO 2, 3), AP 3ochased caiculators from Dragoo Co. at a total cost of $1,650, terms n/30. PNSeight of $50 on calculators purchased from Dragoo Co. ured caiculators to Dragoo Co. for $66 credit because they did not at pecifications Sld calcula s costing $520 for $690 to Fryer Book Store, terms n/30. Crnted credit of$45 to Fryer Book Store for the return of one calculator hai ws tst sheed. The calculator cost $34. Scldicul e onting $570 for $760 to Heasley Card Shop, terms n/30. 14 20 Instructions Journalize the Septembe: ansactions. E5-3 The following transactions are for Alonzo Company. 1. On December 3, Alonzo Company sold $500,000 of merchandise to Arte Co., terms 1/10, n/30. The cost of the merchandise sold was $330,000. 2. On December 8, Arte Co. was granted an allowance of $25,000 for merchandise purchased on December 3. 3. On December 13, Alonzo Company received the balance due…
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
List and record each transaction (in 000s) for the Claymont Outpatient Clinic, under the accrual basis of accounting, at December 31, 20X1. You are creating a General Ledger using exhibit 3-6 on page 112 as a guide. Zelman( Workbook) a. The clinic received a $10,000,000 unrestricted cash contribution from the community. b. The clinic purchased $4,500,000 of equipment using cash. c. The clinic borrowed $2,000,000 from the bank on a long-term basis. d. The clinic purchased $550,000 of supplies on credit. e. The clinic provided $8,400,000 of services on credit. f. In the provision of these services, the clinic used $420,000 of supplies. g. The clinic received $800,000 in advance to care for capitated patients. h. The clinic incurred $4,500,000 in labor expenses and paid cash for them. i. The clinic incurred $2,230,000 in general expenses and paid cash for them. j. The clinic received $6,000,000 from patients and their 3rd party payers in payment of outstanding accounts. k.…
On 1st June order has been given for supplies RO 10,000 and the department received supplies worth RO 6000 on 10th June along with the voucher. Department approved the voucher but paid RO 5000. Which one of the following entries records the supplies expenditure paid? a. Accounts payable Account Dr. RO 1,000, Bank Account Cr RO 1,000 b. None of the options c. Accounts payable Account Dr. RO 11,000, Bank Account Cr RO 11,000 d. Accounts payable Account Dr. RO 6,000, Bank Account Cr RO 6,000
Howard Coleman Optical Dispensary completed the following transactions during the latter part of March: Mar. 15 Purchased office supplies on account, $2,800 Mar. 28 Paid $800 on account. Read the requirements. Requirement 1. Journalize the transactions of Howard Coleman Optical Dispensary. Include an explanation with each journal ent last line of the journal entry table.) Mar. 15: Purchased office supplies on account, $2,800. Date Accounts and Explanation Mar. 15 Debit Credit
On March 12, Medical Waste Services provides services on account to Grace Hospital for $9,500, terms 3/10, n/30. Grace pays for those services on March 20. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (If no entry is required for a particular transection/event, select "No Journal Entry Required" in the first account field.)
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Review the following transactions and prepare any necessary journal entries for Woodworking Magazine. Woodworking Magazine provides one issue per month to subscribers for a service fee of $240 per year. Assume January 1 is the first day of operations for this company, and no new customers join during the year. A. On January 1, Woodworking Magazine receives advance cash payment from forty customers for magazine subscription services. Handyman had yet to provide subscription services as of January 1. B. On April 30, Woodworking recognizes subscription revenues earned. C. On October 31, Woodworking recognizes subscription revenues earned. D. On December 31, Woodworking recognizes subscription revenues earned.

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