Selected transactions for Montes Company are presented below in journal form (without explanations). Date May 5 12 15 5/5 5/5 5/15 Account Title Accounts Receivable Service Revenue Cash Accounts Receivable Cash Service Revenue 1600 2000 Debit Credit 3,800 Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the question.) 3800 1,600 2,000 Cash 3,800 1,600 Accounts Receivable 5/5 2,000 1600

Selected transactions for Montes Company are presented below in journal form (without explanations). Date May 5 12 15 5/5 5/5 5/15 Account Title Accounts Receivable Service Revenue Cash Accounts Receivable Cash Service Revenue 1600 2000 Debit Credit 3,800 Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the question.) 3800 1,600 2,000 Cash 3,800 1,600 Accounts Receivable 5/5 2,000 1600

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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The cash register tape for Sheridan Industries reported sales of $27,292.00. Record the journal entry that would be necessary for each of the following situations. (a) Sales per cash register tape exceeds cash on hand by $53.50. (b) Cash on hand exceeds cash reported by cash register tape by $22.00. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.) No. Account Titles and Explanation Debit Credit (a) (b)
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Required information [The following information applies to the questions displayed below.] The general ledger of Zips Storage at January 1, 2024, includes the following account balances: The following is a summary of the transactions for the year: January 9 February 12 April 25 May 6 July 15 September 10 October 31 November 20 December 30 Provide storage services for cash, $135, 100, and on account, $52, 700. Collect on accounts receivable, $51, 600. Receive cash in advance from customers, $13,000. Purchase supplies on account, $9, 400. Pay property taxes, $8,600. Pay on accounts payable, $11,500. Pay salaries, $124, 600. Issue shares of common stock in exchange for $28,000 cash. Pay $2,900 cash dividends to stockholders.Prepare an unadjusted trial balance.
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Record the sale by Balus Company of $136,000 in accounts receivable on May 1. Balus is charged a 3.00% factoring fee. View transaction list Journal entry worksheet 1 > Record the sale of receivable. Note: Enter debits before credits. Date General Journal Debit Credit May 01 Record entry Clear entry View general journal
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