Please help me, to get the journal entry of this transaction: August 8 Accepted laundry services for cash P4,500; Used P500 for laundry supplies August 10 Accepted laundry services on account P7,500; 50% down and the balance at the end of the month; used P750 laundry supplies
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Please help me, to get the
August 8 Accepted laundry services for cash P4,500; Used P500 for laundry supplies
August 10 Accepted laundry services on account P7,500; 50% down and the balance at the end of the month; used P750 laundry supplies
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- During the month of Jan the following transaction occured Credit purchase $30000 Cash purchase $ 12000 Return outward $2000 Cash paid $25000 Discount received $200 Compute the balance in the account payable at the end of the month.can someone help me with journal entry with the following entries? Prepare journal entries for the following: Beginning Balance in Accounts Receivable: 12,000 Beginning Balance in Allowance: credit of 1,000 On March 31, customers were billed $25,000. On June 15, cash collections from transaction (a) totaled $20,000. On 10/31, a customer balance of $1500 from a prior year was written off. On 12/15, a customer paid an old balance of $900 that had been written off in a previous year. On 12/31, bad debts were estimated at 2% of credit sales.wo transactions were posted to the following customer account. NAME: Boogie Board Water WearADDRESS: 2340 Xtreme Surf Date Item Post. Ref. Debit Credit Balance July 1 Balance 805 6 Invoice No. 406 R42 645 1,450 24 Invoice No. 456 CR56 710 740 Describe each transaction and the source of each posting. July 6 Sold $_______on account to Boogie Board Water Wear. July 24 Cash of $_________ was collected from Boogie Board Water Wear.
- Beth uses the net invoice method to record sales on account. Beth made sales of $40,000 with terms 3/15, net 45. The customer pays after 25 days. Journalize: Date Accounts Debit CreditCollected from customers on account on september 10 sold on account key 20,000 to customers with credit terms : 2/10 , n 30Kitchen Equipment Company uses the allowance method to account for uncollectibles. On October 31, it wrote off a $1,110 account of a customer, Gwen Rowe. On December 9, it received an $710 payment from Rowe. a. Make the appropriate entry for October 31. View transaction list Journal entry worksheet < 1 Record the entry to write off $1,110-due from Gwen Rowe. Note: Enter debits before credits. Date October 31 General Journal Debit Credit Record entry Clear entry View general journal
- The purchases journal for J. K. Insurance for the month of October is represented below. Accounts Payable is account number 202 and Purchases is account number 501. PURCHASES JOURNAL Page 5 Date Invoice No. From Whom Purchased Post Ref. Purchases Debit/Accounts PayableCredit Oct. 2 3118 Express Florist √ 3,550.00 4 3119 T. C. S. Supplies √ 2,790.00 8 3120 Auto Body Repair √ 3,850.00 9 3121 Signs Unlimited √ 4,150.00 10 3122 Dynasty Limo √ 2,380.00 15 3123 T. C. S. Supplies √ 2,150.00 18,870.00 Required: 1. Post the information from the purchases journal to the appropriate general ledger and accounts payable ledger accounts. GENERAL LEDGER ACCOUNT Accounts Payable ACCOUNT NO. 202 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT P5 ACCOUNT Purchases ACCOUNT NO. 501 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT P5 ACCOUNTS PAYABLE LEDGER ACCOUNT Auto Body Repair…The purchases journal for J. K. Insurance for the month of October is represented below. Accounts Payable is account number 202 and Purchases is account number 501. PURCHASES JOURNAL Page 5 Date Invoice No. From Whom Purchased Post Ref. Purchases Debit/Accounts PayableCredit Oct. 2 3118 Express Florist √ 3,550.00 4 3119 T. C. S. Supplies √ 2,790.00 8 3120 Auto Body Repair √ 3,850.00 9 3121 Signs Unlimited √ 4,150.00 10 3122 Dynasty Limo √ 2,380.00 15 3123 T. C. S. Supplies √ 2,150.00 18,870.00 Required: 1. Post the information from the purchases journal to the appropriate general ledger and accounts payable ledger accounts. GENERAL LEDGER ACCOUNT Accounts Payable ACCOUNT NO. 202 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT Oct. 2 P5 fill in the blank a5cc1f014fedfa2_2 fill in the blank a5cc1f014fedfa2_3 fill in the blank a5cc1f014fedfa2_4 fill in the blank a5cc1f014fedfa2_5 ACCOUNT Purchases ACCOUNT NO. 501…Calculate the average daily balance (in $) for October for a revolving credit account with a previous month's balance of $120 and the following activity. (Round your answer to the nearest cent.) Date Activity Amount October 3 Cash advance $50.00 October 7 Payment $75.00 October 10 Purchase $28.59 October 16 Credit $10.00 October 25 Purchase $124.60 average daily balance = $?
- An involce for $10,000 dated September 10 with terms 3/10, 12/20, n/30, EOM is recelved in the mail on September 25. A payment of $4000 is sent on October 11. What is the outstanding balance? Multiple Choice $5940.00 $5939.09 $6000.00 $5920.00 $5918.37Oswego Clay Pipe Company provides services of $46,000 to Southeast Water District #45 on April 12 of the current year with terms 1/15, n/60. What would Oswego record on April 23, assuming the customer made the correct payment on that date? A. Cash Sales Revenue Accounts Receivable B. Cash Sales Discounts Accounts Receivable Interest Revenue C. Cash Sales Discounts Accounts Receivable D. Cash Accounts Receivable Sales Revenue Select one: O A. Option A OB. Option B O C. Option C OD. Option D Clear my choice 45,540 460 46,000 460 45,540 460 46,000 46,000 46,000 460 46,000 45,540 460The purchases journal for). K. Insurance for the month of October Is represented below. Accounts Payable Is account number 202 and Purchases Is account number 501. PURCHASES JOURNAL Page s Purchases Debit/ Accounts Payable Date Invoice No. From Whom Purchased Post Ref. Credit Oct. 2 3118 Express Florist 3,550.00 3119 T. C. S. Supplies 2,790.00 3120 Auto Body Repalr 3,850.00 Signs Unlimited 4,150.00 3121 Dynasty Limo 2,380.00 10 3122 15 3123 T. C. S. Supplles 2,150.00 18,870.00 Required: 1. Post the Information from the purchases journal to the appropriate general ledger and accounts payable ledger accounts. GENERAL LEDGER ACCOUNT NO. 202 ACCOUNT Accounts Payable BALANCE DEBIT CREDIT DEBIT CREDIT DATE ITEM POST. REF. P5 ACCOUNT NO. 501 ACCOUNT Purchases BALANCE DEBIT CREDIT DEBIT CREDIT DATE ITEM POST. REF. P5 ACCOUNTS PAYABLE LEDGER ACCOUNT Auto Body Repair
