Transaction Amount Transaction Description Previous balance, $6350.00 March 1 Billing date - March 5 Payment March 7 Charge: Restaurant -$30.00 March 12 Charge: Groceries O $100.00 March 21 Charge: Car Repairs $220.00 DMarch 31 End of billing period Payment Due Date: April 9– 4350- $400.00 credit 5-16 4300 16300

Q: The journal entry to record the payment of the monthly rent would include:

A: As per accounting rule, all expenses account will be debited and all asset account like Cash will be…

Q: how do you do the math the get the percentage/decimal numbers

A: Income statement is the statement in which figures relating to entity performance is incorporated…

Q: I have a couple of questions. Please answer clearly, no typos and thoroughly. Thanks!1) What are…

A: Step1: Accrual adjustment. We have,Accrual adjustment is made when expenses should be reported for…

Q: sum of the years digit method

A:

Q: Pina Corporation leased equipment to Kingbird, Inc. on January 1, 2020. The lease agreement called…

A: The lease is an agreement where one party agrees to provide the right to use the asset to the…

Q: What do you mean by Days Payable Outstanding (DPO)?

A: Definition:   Accounts payable: This is the amount owed for the suppliers, or expenses incurred.…

Q: Amounts of interest depend on lengths of time.Explain how?

A: Interest is also dependent on the base of the length of time A loan taken for a long period of time…

Q: 69 $ Amount of payment to be credited 400.00 $ Balance outstanding 400.00

A: An invoice, a document sent from a seller to a buyer, outlines the items or services exchanged,…

Q: Complete the following: Note: Do not round intermediate calculations. Round your final answers to…

A: Trade credit occurs between two businesses in which the seller of the goods agrees to take the cash…

Q: if a trial balance or income state, etc... is post-closing, unadjusted, or adjusted?

A: Trail balance is prepared by the company with an aim to know and verify that the posting entries…

Q: The monthly average cable TV bill in 2017 is $65.13. If cable costs are climbing at an annual rate…

A: Present value:- The term present value represents that an amount of money today have more worth or…

Q: Compute the day's sales in receivables ratios for 2020 and 2019 ( hold all decimals in interim…

A: solution-                                                                              Days in sales…

Q: how did you get the -68419 and -61272 in the fifo balance sheet

A: Cost of goods sold is the amount of cost which is assigned to the sold goods.  Taxes are calculated…

Q: How to calculate monthly interest and apr

A: Wall unit cost = $2200 Down payment = $800 Monthly payment = $43.50 Period of loan = 48 months

Q: Do time lines deal only with years, or can other time periods be used?

A: The term time line refers to list of events which take place in chronological order. Timelines are…

Q: Accounts payable turnover days (Use 365 days. Round your answer to nearest whole number.)

A: Cost of good sold=3865.20Account payable=$442 and $461.50Assume=365 days

Q: How is Days to Collect A/R calculated?

A: Days to collect accounts receivable known as days sales in outstanding is calculated to know the…

Q: Click the icon to view the estimated expenses for the last nine months of the coming year. Define…

A: Q3 Data given:

Q: how do you do an adjusted trial balance sheet to it?

A: Adjusted Trial Balance - Adjusted Trial Balance is a Summary of all the ledgers after posting…

Q: Is it necessary that a trial balance be taken periodically?What purpose does it serve?

A: Trial balance: A trial balance is the list of all the ledger accounts. The trial balance is prepared…

Q: Terms

A: Discount allowances go a long way in getting early payments. Although the vendor has to forego a…

Q: For questions 4-7, refer to Daphne's check register shown below. Check Withdrawal Deposit Balance…

A: Daphne's Balance on 6/17 = Balance on 6/1 + Deposits till 6/17 - Withdrawal till 6/17

Q: Determine the number of days of the loan. Loan Date Due Date Number of Days June 24 October 12

A: Given, Loan date is June 24 Due date is October 12.

Q: 5. Determine the number of days of the loan. Loan Date Due Date Number of Days March 8 July 22

A: Loan date = March 8 Due date = July 22

Q: Suppose you have a $10 bill in your pocket.  How is this money counted in the Fed balance sheet? A.…

A: Correct Answer = Option C = Liabilities Explanation First to understand the Concept of Federal…

Q: What was the 10/31 balance in Accounts Receivable?

A: Calculation of Total Sales for the Oct. Month(Amount in $) Total units to be sold in Oct(a) = 3000…

Q: Hi, what is a common post reference number for 'allowance for doubtful accounts'? Does this go in…

A: In the balance sheet, a counter asset account called the provision for doubtful accounts is shown.…

Q: How do you calculate quarterly hour system?

A: It may not be true that employees won’t clock in the exact minute of the hour or even leave their…

Q: How do I word the data for adjustments in the trial balance?

A: Trial balance:   It is a statement that shows the balance of balances. It is prepared at the end of…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.