During March the activities of evergreen landscaping included the following transactions and events. Which of these items represent expensing in March? Explain. 1. Purchase copying machine for 275 cash. 2. Paid 192 for gasoline purchase for a delivery truck during march 3. Paid 220 salary to an employee for time worked during march 4. Paid an attorney 560 for legal services rendered in January 5. The owner withdrew 1800 from the business for personal use 6. Supplies used up during the month of march has cost of approximately 725 no supplies were purchased during march as the company has several months requirement on hand at the end of February.

During March the activities of evergreen landscaping included the following transactions and events. Which of these items represent expensing in March? Explain. 1. Purchase copying machine for 275 cash. 2. Paid 192 for gasoline purchase for a delivery truck during march 3. Paid 220 salary to an employee for time worked during march 4. Paid an attorney 560 for legal services rendered in January 5. The owner withdrew 1800 from the business for personal use 6. Supplies used up during the month of march has cost of approximately 725 no supplies were purchased during march as the company has several months requirement on hand at the end of February.

Name: Question 2Part iDuring March the activities of evergreen landscaping
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Question 2Part iDuring March the activities of evergreen landscaping included the followingtransactions and events. Which of these items represent expensing in March?Explain.1. Purchase copying machine for 275 cash.2. Paid 192 for gasoline purchase

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter11: Accounting For Transactions Using A General Journal

Section11.1: Accounting For Purchases Transactions Using A General Journal

Problem 1OYO

See similar textbooks

Similar questions

Journal Entires for transaction June 20 Repaired a damaged steering mechanism for customer Darren O'Malley and also installed a new Hickster Pipe. Mr. O'Malley was billed for 3.25 hours of labor, accessories totaling $430.00, plus sales tax. He paid with a bank credit card. Merchandise listed on the sales invoice: Stock Number....................Item.................Quantity.............Net Cost Per Unit BM102 .......................HICKSTER PIPE............1...........................$215.00 Sales Tax 8% Labor cost $65/hour
Capital and Revenue Expenditures On April 29, Rocket Co. paid $1,760 to repair the transmission on one of its delivery vans. In addition, Rocket paid $39 to install a GPS system in its van. Journalize the entries for the transmission. If an amount box does not require an entry, leave it blank. April 29 00:00 Journalize the entry for GPS system expenditures. If an amount box does not require an entry, leave it blank. April 29
Searth Summer 19/201 Sport Direct, a sport stuff shop. At the beginning of the current season, the ledger of Sport Direct shop showed cash $2,200, Inventory $1,800, and Share capital - Ordinary $4,000. The following transactions were completed during April NOTE: Answer questions from 1 - 25 by using these information. April 1) Purchased Truck costing $9,600 by signing $9,600, 12%, 6-month notes payable. April 4) Purchased racquets and balls from Jay-Mac Co. for $760, FOB Shipping point, terms 2/10,n/30. April 5) Purchased Building for $48,000 cash, April 6) Paid Freight on purchase from Jay-Mac Co. for $40 cash. April 7) Purchased Supplies for $2,500 cash. April 8) Sold Merchandise to members for $1,150 on account terms n/30. The merchandise sold had a cost of $790 April 9) Paid office rent $1,500 cash. April 10) Returned merchandise for Jay-Mac Co. for $60, for a racquets that were defective, April 11) Purchased tennis shoes from u Sports for $420 cash. April 13) Paid Jay-Mac Co. in…
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 list
QUESTION 16 On, Jan. 1, 2018, ABC purchases a van for making deliveries to customers. Cash payments on that date are: $22,800 to the seller of the van; $1,020 in sales taxes; $1,100 for insurance coverage through June 30; and $650 for license plates to operate the truck through December 31. On Jan. 2, ABC pays $2,600 to a body shop to paint lettering on the van and install custom warming ovens. ABC expects to use the van for 12 years, and estimates its salvage value at the time will be $1,850. What amount should be capitalized as the acquisition cost of the van? O a. $26,420 O b. $28,170 Oc. $24,570 O d. $26,320
XEXERCISE 11-14 On July 1, Klaus Co. acquired a new computer with a list price of $130,000. Klaus recerve i trade-in allowance of $20,000 on an old computer of a similar type, paid cash of $20,00 gave a series of five notes payable for the remainder. The following information about the al computer is obtained from the account in the office equipment ledger: cóst, $82,500; acum lated depreciation on December 31, the end of the preceding fiscal year, $62,500; ánnua preciation, $15,000. Journalize the entries to record: (a) the current depreciation of the u computer to the date of trade-in, (b) the transaction on July 1 for financial reporting purpo ENTRIES FOR GAIN ON TRADE OF PLANT ASSET Objective 7
Drainee purchases direct materials each month. Its payment history shows that 65% is paid in the month of purchase with the remaining balance paid the month after purchase. Prepare a cash payment schedule for January using this data: in December through February, it purchased $22,000, $25,000, and $23,000 respectively.
es 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
Problem Set A PROBLEM 9-11A Bell Florists sells flowers on a retail basis. Most of the sales are for cash however, a few steady customers have credit accounts. Bell's sales staff fills out a sales alip for each sale. There is a state retail sales tax of 5 percent, which is collected by the retailer and submitted to the state. The balances of the accounts as of March 1 have been recorded in the general ledger in your Working Papers or in CengageNow. The following represent Bell Florists' charge sales for March: Mar 4 Sold potted plant on account to C. Morales, sales slip no. 242, $27. plus sales tax of $1.35, total $28.35. 6 Sold floral arrangement on account to R. Dixon, sales slip no. 267, $54, plus sales tax of $2.70, total $56.70. 12 Sold corsage on account to B. Cox, sales slip no. 279, $16, plus sales tax of $0.80, total $16.80. 16 Sold wreath on account to All-Star Legion, sales slip no. 296, $104, plus sales tax of $5.20, total $109.20. 18 Sold floral arrangements on account to…
purchased the following supplies for use in the repair shop: Unit of Measure Quantity Purchased Item Price per Extended Unit Total Cost Shop Towels Rolls 120 $4 $480 Degreasing Fluid Quarts 75 $9 $675 Gasket Sealer Tubes 40 $6 $240 Total $1,395 rins On July 1, Martha paid cash for the supplies and set the accounting policy that all supplies would initially be recorded in the Supplies asset account. At the end of July, Martha counted the supplies that were left and prepared the following listing: Quantity Remaining Unit of Item Measure Shop Towels Rolls 80 Degreasing Fluid Quarts 65 Gasket Sealer Tubes 32 At the end of August, Martha counted the supplies that were left and prepared the following listing: Unit of Measure Quantity Remaining Item Shop Towels Rolls 55 Degreasing Fluid Quarts 48 Gasket Sealer Tubes 22 The following is a partial list of the accounts in Martha's General Ledger. These are the only accounts you need for this problem. D Cash D Supplies D Supplies Expense
O In June, a local Amtrak office established a petty cash fund with Terrell Noman as its custodian. Terrell received and cashed a company check of $175 to establish the fund. During that month, Terrell paid cash from the fund for supplies ($30), delivery charges ($80), and other minor office expenses ($40). On July 10, he received a company check for $150 to replenish the fund. Required: 1. Prepare the journal entry required in June. 2. Prepare the journal entry required in July. 3. Explain why it may be appropriate or inappropriate to wait until July to record the payments from the petty cash fund.
Problem 14 During July, several events occurred at the Flamingo Resort. a. On July 1, a Petty Cash Fund was established in the amount of $100. b. On July 15, the fund was replenished, since it had a balance of $4 with the following receipts: Postage $30 $25 $40 Office Supplies 190 Shipping Charges to UPS c. On July 16, the fund was increased to $200. d. On July 31, the fund was replenished, since it had a balance of $12 with the following receipts: Spare Parts Stamps Shop Supplies Inventory $35 $28 $27 00.00 $100 alo Required: Journalize all of the necessary transactions for July in chronological order.