not use ai please The following transactions occur for the Panther Detective Agency during the month of July:1. Purchase a truck and sign a note payable, $13,800.2. Purchase office supplies for cash, $480.3. Pay $680 in rent for the current month.Record the transactions. The company uses the following accounts: Cash, Supplies, Equipment (for the truck), Notes Payable, and RentExpense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)View transaction listJournal entry worksheet<12 3Purchase a truck and sign a note payable, $13,800.Note: Enter debits before credits.TransactionGeneral JournalDebitCredit1Equipment13,800Notes Payable13,800480

Step 1: To record the transactions for the Panther Detective Agency, we'll follow the principles of…

Answered: The following transactions occur for…

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter18: Accounting Periods And Methods

Section: Chapter Questions

Problem 46P: Blue Company, an architectural firm, has a bookkeeper who maintains a cash receipts and...

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Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200. In the cash disbursements journal, the Accounts Payable column has total debits of $6,800 for November. The Accounts Payable credit column in the purchases journal reveals a total of $10,500 for the current month. Based on this information, what is the ending balance in the Accounts Payable account in the general ledger?
The following transactions occur for the Panther Detective Agency during the month of July: Purchase a truck and sign a note payable, $13,800. Purchase office supplies for cash, $480. Pay $680 in rent for the current month. Record the transactions. The company uses the following accounts: Cash, Supplies, Equipment (for the truck), Notes Payable, and Rent Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
The following transactions occur for the Panther Detective Agency during the month of July: 1. Purchase a truck and sign a note payable, $15,000. 2. Purchase office supplies for cash, $600. 3. Pay $800 in rent for the current month.Record the transactions. The company uses the following accounts: Cash, Supplies, Equipment (for the truck), Notes Payable, and Rent Expense.
The transactions completed by Revere Courier Company during December, the first month of the fiscal year, were as follows: Dec. 1. Issued Check No. 610 for December rent, $4,200. Dec. 2. Issued Invoice No. 940 to Clifford Co., $1,740 Dec. 3. Received check for $4,800 from Ryan Co. in payment of account. Dec. 5. Purchased a vehicle on account from Platinum Motors, $37,300. Dec. 6. Purchased office equipment on account from Austin Computer Co., $4,500. Dec. 6. Issued Invoice No. 941 to Ernesto Co., $3,870. Dec. 9. Issued Check No. 611 for fuel expense, $600. Dec. 10. Received check from Sing Co. in payment of $4,040 invoice. Dec. 10. Issued Check No. 612 for $330 to Office To Go Inc. in payment of invoice. Dec. 10. Issued Invoice No. 942 to Joy Co., $1,970. Dec. 11. Issued Check No. 613 for $3,090 to Essential Supply Co. in payment of account. Dec. 11. Issued Check No. 614 for $500 to Porter Co. in payment of account. Dec. 12. Received…
Prepare journal entries for the following transactions, using the accounts in the order listed: PLEASE NOTE: For similar accounting treatment (DR or CR), you are to record accounts in the order in which they are mentioned in the transactions. On June 1, Kellie Company had decided to initiate a petty cash fund in the amount of $1,200. DR CR On June 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $125, Supplies $368, Postage Expense $325, Repairs and Maintenance Expense $99, Miscellaneous Expense $259. The cash on hand at this time was $38. DR DR DR DR DR DR or CR? CR On June 14, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $425, Supplies $95, Postage Expense $240, Repairs and Maintenance Expense $299, Miscellaneous Expense $77. The cash on hand at this time was $80. DR DR DR DR DR DR or CR?…
The transactions completed by Fleetfoot Courier Company during December, the first month of the fiscal year, were as follows: Dec. 1. Issued Check No. 610 for December rent, $5,260. 2. Issued Invoice No. 940 to Clifford Co., $2,180. 3. Received check for $6,010 from Ryan Co. in payment of account. 5. Purchased a vehicle on account from Platinum Motors, $46,700. 6. Purchased office equipment on account from Austin Computer Co., $5,630. 6. Issued Invoice No. 941 to Ernesto Co., $4,850. 9. Issued Check No. 611 for fuel expense, $750. 10. Received check from Sing Co. in payment of $5,060 invoice. Issued Check No. 612 for $410 to Office To Go Inc. in payment of 10. Invoice. 10. Issued Invoice No. 942 to Joy Co., $2,470. Issued Check No. 613 for $3,870 to Essential Supply Co. in payment of 11. account. 11. Issued Check No. 614 for $630 to Porter Co. in payment of account. Received check from Clifford Co. in payment of $2,180 invoice of 12. December 2. Issued Check No. 615 to Platinum Motors…
The petty cash custodian reported the following transactions during the month. Prepare the journal entry to record the replenishment of the fund. A $11 cash payment is made to Starbucks to purchase coffee for a business client, a $56 cash payment is made for supplies purchased from Office Depot, and a $38 cash payment is made to UPS to deliver goods to a customer. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Vlew transaction list Journal entry worksheet 1 > Record the cash paid for coffee, supplies and delivery. Note: Enter debits before credits. Transaction General Journal Debit Credit 1
As the full-time bookkeeper, your job is to make any corrections to the general ledger accounts. Each correction needs the reason for the change and the effect on each account, whether it is an increase or decrease. For the third time this month, a co-worker has recorded a cash receipt twice and wants you to record a correcting entry that will reverse the mistakes. The correcting entry will record a credit to the Cash account and a debit to the Sales account. Your co-worker has offered to buy you dinner for fixing this mistake. What should you investigate before making a decision about the correcting entry? What is happening to the Cash account? Would you accept a dinner offer from your co-worker for fixing the mistake?
Lizzie Gunderson is trying to establish a credit history and has a Visa charge card. She received a September 3 statement that shows a balance of $254.80 from the previous month. The statement shows the following transactions: payment on September 12 of $50, charge on September 15 of $35.18, charge on September 20 of $120, and a final charge on October 2 of $14.60. Calculate the average daily balance for September.
Record the following transactions. 1. Pay employee salaries of $600 by issuing checks. 2. Purchase computer equipment of $1,000 using a credit card. 3. Pay for maintenance of $400 for a company vehicle using a debit card.
Prepare the following journal entries. a. customer is given an allowance of $ 425. b. A customer owes on account $ 2,000. The customer pays within the discount period and receives a sales discount of $ 40. Record the receipt of cash of $1,960.
Prepare the following journal entries. sales on account are $ 8,200. customer returns $ 1,200. customer is given an allowance of $ 425. a customer owes on account $ 2,000. The customer pays within the discount period and receives a sales discount of $ 40. Record the receipt of cash of $1,960.

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