Hi I am having trouble completing my accouitn homework, could you help me please? 123456789101112131415DateOct. 5Oct. 7ATextbook Ref LO 12.2Jumanji Games is a chain of board game stores. Record entries for the following transactions related to Jumanji's purchase ofinventory.1. On October 5, Jumanji purchases and receives inventory from XYZ Entertainment for $7,000 with credit terms of 3/10 net 30.2. On October 7, Jumanji returns $1,000 worth of the inventory purchased from XYZ.3. Jumanji makes payment in full on its purchase from XYZ on October 14.Oct. 14BAccount TitleTo record the purchase of board gamesTo record the returns of inventoryCTo record the payment on Oct 14DDebitECreditFG Textbook RefLO 12.1Following is a list of current liabilities on a balance sheet. Match each liabiltity with its appropriate descriptionA. Sales Tax PayableB. Current portion of a long-term debtC. Interest PayableD. Accounts PayableE. Unearned Revenuei. Advance collected for a customer for which goods or services are owed in the futureii. Amount of interest the business owes on a borrowing (loan)iii. The portion of the debt due within the operating periodiv. Amounts due to the supplier for goods/services they have provided but have not been paid forv. Taxes collected on the sale of products which are to be remitted to the tax authorities

Journal Entry :— It is an act of recording transaction in books of account when transaction…

Textbook Ref LO 12.1 Following is a list of current liabilities on a balance sheet. Match each liabiltity with its appropriate description A. Sales Tax Payable B. Current portion of a long-term debt C. Interest Payable D. Accounts Payable E. Unearned Revenue i. Advance collected for a customer for which goods or services are owed in the future ii. Amount of interest the business owes on a borrowing (loan) iii. The portion of the debt due within the operating period iv. Amounts due to the supplier for goods/services they have provided but have not been paid for v. Taxes collected on the sale of products which are to be remitted to the tax authorities

Textbook Ref LO 12.1 Following is a list of current liabilities on a balance sheet. Match each liabiltity with its appropriate description A. Sales Tax Payable B. Current portion of a long-term debt C. Interest Payable D. Accounts Payable E. Unearned Revenue i. Advance collected for a customer for which goods or services are owed in the future ii. Amount of interest the business owes on a borrowing (loan) iii. The portion of the debt due within the operating period iv. Amounts due to the supplier for goods/services they have provided but have not been paid for v. Taxes collected on the sale of products which are to be remitted to the tax authorities

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

21. Which of the following should you do in an interview? (Check all that apply) Have copies of your resume Arrive early Show up to an interview with your parent or friends Assume the interviewer read your resume
Studying for my test and I need help with this question because I really don’t understand it. Please help me to solve it so I can understand it and be ready for the test. It will help a lot. Thank you
Briefly explain the difference between a sales receipt and an invoice in QuickBooks
BOR Tutor - Solution Page 1 of 1 | Ha X A learn.hawkeslearning.com/Portal/Lesson/lesson_certify#! MSC SSO Login To Do Assignments. E Reading list E Apps BSA Violation Civil... Search FAQS for Indian Trib... CPAJ The Past, Present, a... CPAJ Fraud in a World of... You were asked to answer the following question: Consider a small photography studio with 8 workers and 5 printers. The total cost of labor and capital is $3,300. In order to reduce total operating costs, the owner leases 5 additional printers and fires 5 workers. After these changes, the salary of each worker increases by $30, the cost of using each of the printers (both new and old) remains constant, and the total cost of labor and capital decreases to $2,950. What is the cost of using one printer? The following answer is correct: First, calculate the new total quantities of workers and printers after the changes were made. New quantity of workers= 8-5= 3 workers New quantity of printers = 5 + 5 = 10 printers Assume that C,…
Hello, can you help me with questions 7,8, and 9 please, thanks!
Hi, Can you please help me with problem 5.6? Thank you.
▪ The most memorable event during my work-based experience was understanding the chart of accounts explain tthis missing records was mistakes found during my practicum internship, Reflection on a mistake made during the work-based experience and how it could have been handled differently
can you help with this asap please its for homework
Please read the first picutre, and answer on the second picture. thanks for your time