Question
In: Accounting
D. Stone Surveying Co completed these transactions during April of the current year: Apr 1 Began...
D. Stone Surveying Co completed these transactions during April of the current year: Apr 1 Began a surveying company by investing $10,000 in cash and office equipment having a $4575 fair value. Apr 2 Purchased on credit office supplies, $450, and office equipment, $300. Apr 3 Completed surveying work for client and was paid immediately $500 Apr 8 Apr. 10 Completed surveying work for Acme Loan Co $1500 on credit Paid for the items purchased on credit on April 2. Apr. 14 Paid $2400 premium for the annual insurance policy. Apr. 15 Paid semi monthly wages of $1500 Apr. 18 Received payment in full from Acme Loan Co. for the work completed on April 8. Apr. 27 D. Stone withdrew $1100 cash from the business to pay personal expenses. Apr. 30 Paid the April telephone bill, $160.
Prepare general journal entries to record the transactions.
Include the following in each journal entry:
Date________
Account Title and Explanation________
Debit_________
Credit________
Solutions
ekkarill92 answered 1 year agoRelated Solutions
The Manson Company completed these transactions during January of the current year: January 1, Began business...
The Manson Company completed these transactions during January
of the current year:
January 1, Began business by selling the stock for
$500,000.00.
January 1, Rented office space for 1 month using check
number 800 for $10,000.00 to Smithlord Properties.(Example posted
to cash disbursement journal).
January 2, Purchased office furniture and equipment on
credit from Mckay Company, invoice mck66 dated (Example posted to
purchases journal
January 9, terms 2/10, net 30,
$20,499.11. (Example posted to purchases
journal).
January 2, Sold merchandise on...
The following were selected from among the transactions completed during the current year by Danix Co.,...
The following were selected from among the transactions
completed during the current year by Danix Co., an appliance
wholesale company:
Jan. 13.
Sold merchandise on account to Black Tie Co., $35,700. The cost
of goods sold was $21,420.
Mar. 10.
Accepted a 60-day, 9% note for $35,700 from Black Tie Co. on
account.
May 9.
Received from Black Tie Co. the amount due on the note of March
10.
June 10.
Sold merchandise on account, terms 1/10, n/30, to Holen...
The following were selected from among the transactions completed by Caldemeyer Co. during the current year....
The following were selected from among the transactions
completed by Caldemeyer Co. during the current year. Caldemeyer Co.
sells and installs home and business security systems.
Jan.
3
Loaned $18,000 cash to Trina Gelhaus, receiving a 90-day, 8%
note.
Feb.
10
Sold merchandise on account to Bradford & Co., $24,000. The
cost of the merchandise sold was $14,400.
13
Sold merchandise on account to Dry Creek Co., $60,000. The cost
of merchandise sold was $54,000.
Mar.
12
Accepted a 60-day,...
The following were selected from among the transactions completed during the current year by Danix Co.,...
The following were selected from among the transactions
completed during the current year by Danix Co., an appliance
wholesale company:
Jan. 13.
Sold merchandise on account to Black Tie Co., $41,100. The cost
of goods sold was $24,660.
Mar. 10.
Accepted a 60-day, 8% note for $41,100 from Black Tie Co. on
account.
May 9.
Received from Black Tie Co. the amount due on the note of March
10.
June 10.
Sold merchandise on account, terms 2/10, n/30, to Holen...
The following were selected from among the transactions completed during the current year by Danix Co.,...
The following were
selected from among the transactions completed during the current
year by Danix Co., an appliance wholesale company:
Jan. 21.
Sold merchandise on account to Black Tie Co., $41,400. The cost
of merchandise sold was $24,840.
Mar. 18.
Accepted a 60-day, 9% note for $41,400 from Black Tie Co. on
account.
May 17.
Received from Black Tie Co. the amount due on the note of March
18.
June 15.
Sold merchandise on account to Pioneer Co. for $17,900....
The following were selected from among the transactions completed during the current year by Danix Co.,...
The following were selected from among the transactions
completed during the current year by Danix Co., an appliance
wholesale company:
Jan. 21.
Sold merchandise on account to Black Tie Co., $28,000. The cost
of merchandise sold was $16,800.
Mar. 18.
Accepted a 60-day, 6% note for $28,000 from Black Tie Co. on
account.
May 17.
Received from Black Tie Co. the amount due on the note of March
18.
June 15.
Sold merchandise on account to Pioneer Co. for $17,700,...
The following were selected from among the transactions completed during the current year by Danix Co.,...
The following were selected from among the transactions
completed during the current year by Danix Co., an appliance
wholesale company: Jan. 13. Sold merchandise on account to Black
Tie Co., $30,300. The cost of goods sold was $18,180. Mar. 10.
Accepted a 60-day, 6% note for $30,300 from Black Tie Co. on
account. May 9. Received from Black Tie Co. the amount due on the
note of March 10. June 10. Sold merchandise on account, terms 2/10,
n/30, to Holen...
The following were selected from among the transactions completed by Caldemeyer Co. during the current year....
The following were selected from among the transactions
completed by Caldemeyer Co. during the current year. Caldemeyer Co.
sells and installs home and business security systems.
Jan.
3.
Loaned $21,600 cash to Trina
Gelhaus, receiving a 90-day, 8% note.
Feb.
10.
Sold merchandise on account to
Bradford & Co., $25,200. The cost of the merchandise sold was
$15,120.
13.
Sold merchandise on account to Dry
Creek Co., $55,200. The cost of merchandise sold was $49,680.
Mar.
12.
Accepted a 60-day,...
The following were selected from among the transactions completed during the current year by Danix Co.,...
The following were selected from among the transactions
completed during the current year by Danix Co., an appliance
wholesale company:
Jan. 13.
Sold merchandise on account to Black Tie Co., $40,800. The cost
of goods sold was $24,480.
Mar. 10.
Accepted a 60-day, 6% note for $40,800 from Black Tie Co. on
account.
May 9.
Received from Black Tie Co. the amount due on the note of March
10.
June 10.
Sold merchandise on account, terms 2/10, n/30, to Holen...
The following were selected from among the transactions completed by Caldemeyer Co. during the current year....
The following were selected from among the transactions
completed by Caldemeyer Co. during the current year. Caldemeyer Co.
sells and installs home and business security systems.
Jan.
3
Loaned $15,600 cash to Trina Gelhaus, receiving a 90-day, 8%
note.
Feb.
10
Sold merchandise on account to Bradford & Co., $28,200. The
cost of the merchandise sold was $16,920.
13
Sold merchandise on account to Dry Creek Co., $64,800. The cost
of merchandise sold was $58,320.
Mar.
12
Accepted a 60-day,...
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