Question
In: Accounting
Record each transaction into the T account The first one is given as an example Bought...
| Record each transaction into the T account | ||||||||
| The first one is given as an example | ||||||||
| Bought an insurance policy for $1,000 | ||||||||
| Prepaid Insurance | Cash | |||||||
| $1,000 | $1,000 | |||||||
| Bought medical supplies for $5,000 and paid cash | ||||||||
| Bought medical supplies of $2,000 and used Mastercard | ||||||||
| Billed Insurance company (third party) for services rendered $6,000 | ||||||||
| Recorded $7,000 of revenue from patients who paid cash | ||||||||
| Received and paid the charge card $2,000 from the transaction in which it was charged (above) | ||||||||
| Received $3,000 FROM Insurance company previouslybilled above | ||||||||
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Calculate and enter the ending balance for each t-account. Post each transaction from the T-account into...
Calculate and enter the ending balance for each t-account. Post
each transaction from the T-account into the ledger. Enter the
transactions in chronological order. Explanations and posting
references are not required. Then, calculate and enter the ending
balance of each ledger account. Leave any unused cells blank.
Trademark
Dec. 1
33,700
29,000
Dec. 3
Dec. 2
6,700
13,200
Dec. 5
Dec. 4
26,800
6,900
Dec. 8
Dec. 6
13,400
1,300
Dec. 9
Dec. 7
31,300
19,500
Dec. 10
Bal.
Bal....
Required: 1. Record each transaction in July for Great Adventures. 2. Post each transaction to T-accounts....
Required: 1. Record each transaction in July for Great
Adventures. 2. Post each transaction to T-accounts. 3. Prepare a
trial balance.
July 1 Sell $10,000 of common stock to Suzie. 1 Sell $10,000 of
common stock to Tony.
1 Purchase a one-year insurance policy for $4,800 ($400 per
month) to cover injuries to participants during outdoor
clinics.
2 Pay legal fees of $1,500 associated with incorporation.
4 Purchase office supplies of $1,800 on account.
7 Pay for advertising of $300...
1. Requirement 1. Record each transaction in the journal. Explanations are not required. (Record debits first,...
1.
Requirement 1. Record each transaction in the journal.
Explanations are not required. (Record debits first, then credits.
Exclude explanations from journal entries.)
Requirement 1) Dec.1:Murphy Delivery Service began operations by
receiving $13,000 cash and a truck with a fair value of $9,000 from
Russ Murphy.The business issued Murphy
shares of common stock in exchange for this contribution.
-----------------------------------------------
Requirement 2)
Record each transaction in the journal using the following chart
of accounts. Explanations are not required.
Cash
Retained Earnings...
Record each transaction in the journal. Be sure to record the date in each entry. Explanations...
Record each transaction in the journal. Be sure to record the
date in each entry. Explanations are not required.
2.
Post the transactions to the T-accounts, using transaction
dates as posting references. Label the ending balance of each
account Bal.
3.
Prepare the trial balance of
Wortham ServicesWortham Services,
Inc., at
OctoberOctober
31 of the current year.
4.
MarkMark
WorthamWortham,
the manager, asks you how much in total resources the business has
to work with, how much it owes, and...
1. The right side of a T-account is used to record Select one: a. Decrease in...
1.
The right side of a T-account is used to record
Select one:
a. Decrease in revenue
b. Increase in Asset
c. Decrease in liability
d. Increase in Liability
2.
Odd-man Out.
Choose the letter that does not belong to the group.
Select one:
a. Interest Income
b. NSF check
c. Notes Receivable collected by banks in behalf of the
depositor
d. Proceeds of bank loan deposited in the account of the
depositor
3,
Any retiring partner may do any...
For each transaction, (1) analyze the transaction using the accounting equation, (2) record the transaction in...
For each transaction, (1) analyze the transaction using the
accounting equation, (2) record the transaction in journal entry
form, and (3) post the entry using T-accounts to represent ledger
accounts. Use the following (partial) chart of accounts—account
numbers in parentheses: Cash (101); Accounts Receivable (106);
Office Supplies (124); Trucks (153); Equipment (167); Accounts
Payable (201); Unearned Landscaping Revenue (236); D. Tyler,
Capital (301); D. Tyler, Withdrawals (302); Landscaping Revenue
(403); Wages Expense (601), and Landscaping Expense (696).
On May 15,...
For each transaction, (1) analyze the transaction using the accounting equation, (2) record the transaction in...
For each transaction, (1) analyze the transaction using the
accounting equation, (2) record the transaction in journal entry
form, and (3) post the entry using T-accounts to represent ledger
accounts. Use the following (partial) chart of accounts—account
numbers in parentheses: Cash (101); Accounts Receivable (106);
Office Supplies (124); Trucks (153); Equipment (167); Accounts
Payable (201); Unearned Landscaping Revenue (236); Common Stock
(307); Dividends (319); Landscaping Revenue (403); Wages Expense
(601), and Landscaping Expense (696).
On May 15, DeShawn Tyler opens...
For each transaction, (1) analyze the transaction using the accounting equation, (2) record the transaction in...
For each transaction, (1) analyze the transaction using the
accounting equation, (2) record the transaction in journal entry
form, and (3) post the entry using T-accounts to represent ledger
accounts. Use the following (partial) chart of accounts—account
numbers in parentheses: Cash (101); Accounts Receivable (106);
Office Supplies (124); Trucks (153); Equipment (167); Accounts
Payable (201); Unearned Landscaping Revenue (236); D. Tyler,
Capital (301); D. Tyler, Withdrawals (302); Landscaping Revenue
(403); Wages Expense (601), and Landscaping Expense (696).
On May 15,...
Java. Given an input file with each line representing a record of data and the first...
Java. Given an input file with each line representing a
record of data and the first token (word) being the key that the
file is sorted on, we want to load it and output the line number
and record for any duplicate keys we encounter. Remember we are
assuming the file is sorted by the key and we want to output to the
screen the records (and line numbers) with duplicate keys. We are
given a text file and have...
February 1st transaction is completed as an example: Only include the letter of the account not the account name.
ASSETS
LIABILITIES &
STOCKHOLDERS’ EQUITY
INCOME STATEMENT ACCOUNTS
A. Cash
F. Accounts Payable
K. Service Revenue
B. Accounts Receivable
G. Salaries Payable
L. Advertising expense
C. Supplies
H. Deferred revenue
M. Rent Expense
D. Prepaid advertising
I. Notes Payable
N. Salaries/Wage expense
E. Equipment
J. Retained Earnings
O. Utilities expense
February 1st transaction is completed as an example: Only include the letter of the account not the account name.
Date
Transaction
AMOUNT
February 01 (ex)
Paid an Accounts...
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