Prepare all journal entries Dec Mahmood invested $25,000 cash in his business. 1 Paid office rent for the month $2,300. 7. Performed services worth $3,800; $2,000 cash is received from customers and the balance is billed to customers on account. 9. Purchased supplies on account for $1,100 from Digital Shot Company.
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- Check my The following transactions took place at the Cook Employment Agency during November 20X1. DATE TRANSACTIONS 5 Performed services for Job Search, Inc., for $40,000; received $19,000 in cash and the client promised to pay the balance in 60 days. 18 Purchased a graphing calculator for $425 and some supplies for $575 from office Supply; issued Check 1008 for the total. 23 Received Invoice 1602 for $2,100 from Automotive Technicians Repair for repairs to the firm's automobile; issued Check 1009 for half the amount and arranged, to pay the other half in 30 days. Nov. Prepare journal entries for the above transactions. View transaction listTasks 8-9. Application. Prepare the journal entries of the transaction below and post them to the necessary ledger books. Write your answer on a separate sheet of paper. Olson Sala Company completed the following sales transactions during the month of June 2015. All credit sales have terms of 3/10, n/30 and all invoices are dated as at the transaction date. June 1 Olson Sala invested Php 52,000 of his funds in the business. 1 Sold merchandise on account to R. Bituin, Php 32,000. Invoice no. 377 Sold merchandise on account to A. Perdales, Php 54,000. Invoice no. 378 3 4 Sold merchandise for cash, Php 46,000. 7. Received payment from R. Bltuin less discounts. Received payment from A. Perdales less discounts. 9. Required: 1. Record the transactions in the general journal. 2. Post to the accounts receivable ledger. 3. Prepare a schedule of accounts receivable.Haytechcc.blackboard.co gement,. H https://outlook.offi.. FES Protection Plan System 7- North C. work Exercises Saved After returning from a three-day business trip, the accountant for Southeast Sales, Johanna Estrada, checked bank activity in the company's checking account online. The activity for the last three days follows. Business Checking Account #123456-987 Date Туpe Description Online Transfer to CM XX0XX Deposit ID number 8888 Check #1554 (view) Online payment Check #1553 (view) Check #1551 (view) Edwards UK AP payment ATM withdrawal Additions Payments Balance 09/24/20X1 09/24/20X1 Deposit 09/23/20X1 Loan payment $5,100.00 $17,275.06 $22,375.06 $5,100.00 $19,945.46 52.05 $25,845.46 $ 400.00 $25,097.51 $1,910.00 $25,497.51 $27,407.51 $ 400.00 $16,907.51 $ 2,429.60 Check Bill payment 09/23/20X1 09/22/20X1 09/22/20X1 Check Check ACH credit ATM $10,500.00 09/22/20x1 09/22/20X1 After matching these transactions to the company's Cash account in the general ledger, Johanna noted the…
- Home Office collected 100,000 from Branch’s customers on account. Requirements:a. Prepare the journal entries for both the Home Office and Branch books based on theabove transactions.goumal Directions: Enter the transactions below, using the Chart of Accounts. TRANSACTIONS: (July) July 17 Paid $3,000 cash for computer equipment, check 164 18 Cash sales for 50 hats, $500.00, cash register summary tape 18. 22 Sarah Smith withdrew $10,000.00 from the business, check 165. 23 Received $2,000 cash on account from Kinston Rec. Dept., receipt 23. 24 Received $300 cash on account from Caps Inc., receipt 24 25 Paid $4,000 for rent, check 166. 27 Joe Smith deposited $5,000.00 of his own cash into his owner's equity account, receipt 27. 29 Paid $500 for an employee salary, check 167.**General Journal needed** Review uploaded images Rick Hall owns a card shop: Hall’s Cards. The following cash information is available for the month of August Year 1. As of August 31, the bank statement shows a balance of $13,250. The August 31 unadjusted balance in the Cash account of Hall’s Cards is $9,564. A review of the bank statement revealed the following information: A deposit of $1,250 on August 31, Year 1, does not appear on the August bank statement. It was discovered that a check to pay for baseball cards was correctly written and paid by the bank for $1,750 but was recorded on the books as $2,650. When checks written during the month were compared with those paid by the bank, three checks amounting to $4,095 were found to be outstanding. A debit memo for $59 was included in the bank statement for the purchase of a new supply of checks.
- how do i do a journal entry for the following. received cash from clients on account 21,000.00 recorded revenue earned billed to clients during the 1st half of the month 20,900.00 returned a portion of office supplies 50.00 owner withdrawls 10,000 for personal useconstruct the Journal Entry of the transaction: Date/# Account Title Debit Credit Oct-01 Garcia invested P30,000 cash to start his business. 2 Purchased medical Supplies on account, P10,000 2 Paid monthly office rent of P4,000. 3 Recorded P5,000 revenue for service rendered to patients: received cash of P2,000 and sent bills to patients for the remainder. 15 Borrowed P50,000 from the bank, signing a note payable 22 Performed service for patients on account, P3,600 30 Received cash from patients billed on September 3, P2,000 31 Received and paid a utility bill, P200 31 Paid monthly salary to nurses, P3,000 31 Paid interest expense of P200es The following transactions took place at the Cook Employment Agency during November 20X1. DATE TRANSACTIONS Nov. 5 Performed services for Job Search, Inc., for $31,000; received $14,500 in cash and the client promised to pay the balance in 60 days. 18 Purchased a graphing calculator for $380 and some supplies for $530 from Office Supply; issued Check 1008 for the total. 23 Received Invoice 1602 for $1,650 from Automotive Technicians Repair for repairs to the firm's automobile; issued Check 1009 for half the amount and arranged to pay the other half in 30 days. Prepare journal entries for the above transactions. View transaction list Journal entry worksheet < 1 2 Purchased a graphing calculator for $380 and some supplies for $530 from Office Supply; issued Check 1008 for the total. Date Nov 18, 20X1 3 Note: Enter debits before credits. Record entry General Journal Clear entry Debit Credit View general journal
- Directions: Enter the transactions below, using the Chart of Accounts. TRANSACTIONS: (July) July 17 Paid $3,000 cash for computer equipment, check 164 18 Cash sales for 50 hats, $500.00, cash register summary tape 18. 22 Sarah Smith withdrew $10,000.00 from the business, check 165. 23 Received $2,000 cash on account from Kinston Rec. Dept., receipt 23. 24 Received $300 cash on account from Caps Inc., receipt 24 25 Paid $4,000 for rent, check 166. 27 Joe Smith deposited $5,000.00 of his own cash into his owner's equity account, receipt 27. 29 Paid $500 for an employee salary, check 167.Journal entry for: Feb1: paid rent for February amounting to $660, cheque#3354. Feb1: Tee R Us decided to establish a petty cash fund for the office. A cheque #3355 of $500 was issued and cashedDirections: Enter the transactions below, using the Chart of Accounts. TRANSACTIONS: (July) July 17 Paid $3,000 cash for computer equipment, check 164 18 Cash sales for 50 hats, $500.00, cash register summary tape 18. 22 Sarah Smith withdrew $10,000.00 from the business, check 165. 23 Received $2,000 cash on account from Kinston Rec. Dept., receipt 23. 24 Received $300 cash on account from Caps Inc., receipt 24 25 Paid $4,000 for rent, check 27 Joe Smith deposited $5,000.00 of his own cash into his owner's equity account, receipt 27. 29 Paid $500 for an employee salary, check 167. Use the following chart of accounts below. (The picture)