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Can Anyone Help With Income Summary And Balance Sheet? |
Question by court | Posted in Higher Education (University +)
I dream i done everything right but my it said my Net income should be 17,411.00 and a Cash balance of 3,430.00. Also please check to turn sure general journal is right!!!
Step 1 Issued Check # 5347 to Dell Computer in the amount of $3,300 to get a new computer and printer. **** Equiptment DR 3,330 and CR Cash 3,300*****
Step 2 Issued Check #5348 in the amount of $2,400 to T Insurance Action for the next 12 months' liability insurance ****** DR Prepaid Insurance 2,400
Answer: Retire b decrease 9 Please issue ckeck #5350 to pay John co. (invoice #234 for $815) and check #5351 to pay Doug's Printing Rat on (Invoice # 323499 for $2,300). Both invoices were already entered as accounts payable in January.** i did nothing**
Should be:
Dr Accounts Charge 815
Cr Cash 815
Dr Accounts Payable 2,300
Cr Cash 2,300
Step 11 Please issue check # 5352 to Backing Max $1,500 (inv #22535) on account.
*** DR office Supplies |
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Need Help With Gerenal Legder And Trail Balance? |
Question by court | Posted in Personal Finance
On February 9th i phony the job of book keeper for John Company. The previousbookkeepersr quiet with notice on Jan 31 & burned the accounting records on his way out.Fortunatelyy, jon the proprietor kept a copy of the chars accounts. post-closing trail balance and Outline of A/P and A/R..
This is what i need The owner wrote memos for all transaction that occurred between 1/31/0 and my arrival on 2/9. Starting on the 9th he put all invoices in my box as well as copies of
| Answer: Wow. You as a matter of fact do need help. |
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Need Help With Accounting Gerenal Journal? |
Question by court | Posted in Other - Business & Finance
Agreeable with 1 Issued Check # 5347 to Dell Computer in the amount of $3,300 to purchase a new computer and printer.
Step 2 Issued Conform #5348 in the amount of $2,400 to T Insurance Agency for the next 12 months' liability insurance
Step 3 Purchased $1,500 of role supplies on account from office max
Step 4 Issued check # 5349 in the amount f $1,200 to Rodriguez peculiarity Management for February's rent
Step 5 Received and deposited $1,500 payment from Sega and $2,200
Answer: All of the entries are fairly straightforward, so I'll just show you the adjusting entries.
Step 13 The $7,000 of office apparatus purchased prior to february has a five-year life and $1,00 residual value.
(7,000 - 1,000) / 60 = 100
Dr Depreciation Expense--Employment Equipment 100
Cr Accumulated Depreciation--Office Equipment 100
The computer and printer purchased for $3,300 have a 5-year individual and a $300 salvage value.
(3,300 - 300) / 60 |
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How To Put These In A Gerenal Journal? |
Question by court | Posted in Homework Help
Movement 1 Issued Check # 5347 to Dell Computer in the amount of $3,300 to purchase a new computer and printer.
Step 2 Issued Check a investigate #5348 in the amount of $2,400 to T Insurance Agency for the next 12 months' liability insurance
Step 3 Purchased $1,500 of aid supplies on account from office max
Step 4 Issued check # 5349 in the amount f $1,200 to Rodriguez holdings Management for February's rent
Step 5 Received and deposited $1,500 payment from Sega and $2,200
Answer: Anytime you consummation a check you're issuing cash. So you'll credit cash in those situations. On the opposite side you'll debit something where it's an asset account or a burden.
Step 1: Debit Equipment, Credit Cash
When you purchase something, the words "on account" parsimonious Accounts Payable. Since you owe money you credit Accounts payable, and debit an asset account.
Take care 3) Debit Office supplies, credit Accounts payable
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How To Put These In A Gerenal Ledger And Trail Balance? |
Question by mayha | Posted in Administrative and Office Support
Needfulness some help?
On February 9th you assumed the job of bookkeeper for Jones Law Company. The previous booker decamp with notice on January 3st and burned the account records on his way out. Fortunately, Jones, the owner kept a specimen of the chats of accounts. Post-closing trail balance, and schedules of A/R and A/p
The owner wrote memos for all transactions that occurred between 1/31/0x and your coming on 2/2/0x. Starting on the 9th, he put all the invoice in you box, as well
Answer: In the above slate, mark the items related to Balance Sheet - Assets, Liabilities, Current assets ( receivables) in the air liabilities ( payable) Mark as BA ( Balance sheet assets) BL(Balance sheet liabilities.Then symbol the revenue ( interest, commission etc earned) items and expenses entries.
Now in the Trial Balance track record all assets (BA) and expenses items in one side and all liabilities(BL) and revenue items in the other side. Both side should tally, if not see any adjustment |
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Glenn Beck, Tea Party Activists Reaffirm Civil Rights, Founding ...
by Kevin Mooney
By Kevin Mooney — Amiss allegations of racism aimed against Tea Cocktail activists who favor constitutional restraints on federal power predictably resurfaced in a New York Times despatch that sought to defame Glenn Beck’s Washington D. C. recuperation. Even the New York Times/CBS register, which typically oversamples Democrats, concluded Tea Fete activists were suave and well-literary. Anchorwoman Kate Zernike has a dream of CV of invoking flume as a way to doubtfulness and marginalize Tea Function activism. “They cater to to be chalk-white and spear, with a unbalanced thousand above 45, and above 65,” Zernike laments in an earlier write-up. There’s also a Washington Strut/ABC Poll that shows 20 percent of voters concur with the Tea Fete’s budgetary concerns....
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