Business, 07.12.2019 01:31, anthonybowie99

If a company issues a check for $2,750 in payment of the salaries expense for the last half of the month, the transaction will be recorded in which journal? a. cash disbursements journal. b. sales journal. c. cash receipts journal. d. purchases journal. e. general journal.

Answers: 2

Show answers

Similar questions

Business, 02.07.2019 03:20, rodriguezscarlet1713

The employees of neat clothes work monday through friday. every other friday the company issues payroll checks totaling $32,000 (or $3,200 per weekday). the current pay period ends on friday, january 3. neat clothes is now preparing financial statements for the year ended december 31. what is the adjusting entry to record accrued salaries at the end of the year? a. salaries payable 22,400 salaries expense 22,400 b. salaries expense 6,400 salaries payable 6,400 c. salaries expense 9,600 salaries payable 9,600 d. salaries expense 22,400 salaries payable 22,400 option c option d option b option a

Answers: 3

continue

Business, 25.08.2019 20:00, ruffnekswife

1 following are the transactions for valdez services. following are the transactions for valdez services. a. the company paid $12,200 cash for payment on a 16-month old liability for office supplies. b. the company paid $1,233 cash for the just completed two-week salary of the receptionist. c. the company paid $39,200 cash for equipment purchased. d. the company paid $870 cash for this month's utilities. e. owner (valdez withdrew $4,500 cash from the company for personal use. examine the above transactions and 1 following are the transactions for valdez services. following are the transactions for valdez services. a. the company paid $12,200 cash for payment on a 16-month old liability for office supplies. b. the company paid $1,233 cash for the just completed two-week salary of the receptionist. c. the company paid $39,200 cash for equipment purchased. d. the company paid $870 cash for this month's utilities. e. owner (valdez withdrew $4,500 cash from the company for personal use. examine the above transactions and identify those that create expenses for valdez services. (you may select more than one answer. click the box with a check mark for correct answers and click to empty the box for the wrong answers. transaction a. transaction b. transaction c. transaction d. transaction e. prepare general journal entries to record those transactions that created expenses in the above given order. 2 carmen camry operates a consulting firm called today. on august 31, the company's records show the following accounts and amounts for the month of august. use this information to prepare an august income statement for the business. cash $ 25,360 c. camry, withdrawals $ 6,000 accounts receivable 22,360 consulting fees earned 27,000 office supplies 5,250 rent expense 9,550 land 44,000 salaries expense 5,600 office equipment 20,000 telephone expense 860 accounts payable 10,500 miscellaneous expense 520 c. camry, capital, july 31 2,000 owner investment made on august 4 100,000 3 carmen camry operates a consulting firm called today. on august 31, the company's records show the following accounts and amounts for the month of august. use this information to prepare an august statement of owner's equity for today. cash $ 25,360 c. camry, withdrawals $ 6,000 accounts receivable 22,360 consulting fees earned 27,000 office supplies 5,250 rent expense 9,550 land 44,000 salaries expense 5,600 office equipment 20,000 telephone expense 860 accounts payable 10,500 miscellaneous expense 520 c. camry, capital, july 31 2,000 owner investment made on august 4 100,000 4 business transactions completed by hannah venedict during the month of september are as follows. a. venedict invested $60,000 cash along with office equipment valued at $25,000 in a new sole proprietorship named hv consulting. b. the company purchased land valued at $40,000 and a building valued at $160,000. the purchase is paid with $30,000 cash and a long-term note payable for $170,000. c. the company purchased $2,000 of office supplies on credit. d. venedict invested her personal automobile in the company. the automobile has a value of $16,500 and is to be used exclusively in the business. e. the company purchased $5,600 of additional office equipment on credit. f. the company paid $1,800 cash salary to an assistant. g. the company provided services to a client and collected $8,000 cash. h. the company paid $635 cash for this month's utilities. i. the company paid $2,000 cash to settle the account payable created in transaction c. j. the company purchased $20,300 of new office equipment by paying $20,300 cash. k. the company completed $6,250 of services for a client, who must pay within 30 days. l. the company paid $1,800 cash salary to an assistant. m. the company received $4,000 cash in partial payment on the receivable created in transaction k. n. venedict withdrew $2,800 cash from the company for personal use. required: required: 1. prepare general journal entries to record these transactions using the following titles: cash (101; accounts receivable (106; office supplies (108; office equipment (163; automobiles (164; building (170; land (172; accounts payable (201; notes payable (250; h. venedict, capital (301; h. venedict, withdrawals (302; fees earned (402; salaries expense (601; and utilities expense (602.

Answers: 1

continue

Business, 29.09.2019 10:30, hjlhdjfhjh

On april 5, 2016, you discovered that your newly hired bookkeeper made an error when recording a transaction the previous day. the first salary payment this month was for $2,500, which included $700 of salaries payable on march 31. the payment was recorded as a debit to wages expense $2,500 and a credit to cash $2,500. (no reversing entries were used.) prepare the general journal entry (without explanation) needed to correct this error. if no entry is required then write "no entry required."

Answers: 1

continue

Business, 30.10.2019 23:31, coolkason

Problem 7-1a special journals, subsidiary ledgers, trial balance-perpetual lo c3, p1, p2 [the following information applies to the questions displayed below.] church company completes these transactions and events during march of the current year (terms for all its credit sales are 2/10, n/30). mar. 1 purchased $43,600 of merchandise from van industries, invoice dated march 1, terms 2/15, n/30. 2 sold merchandise on credit to min cho, invoice no. 854, for $16,800 (cost is $8,400). 3 (a) purchased $1,230 of office supplies on credit from gabel company, invoice dated march 3, terms n/10 eom. 3 (b) sold merchandise on credit to linda witt, invoice no. 855, for $10,200 (cost is $5,800). 6 borrowed $82,000 cash from federal bank by signing a long-term note payable. 9 purchased $21,850 of office equipment on credit from spell supply, invoice dated march 9, terms n/10 eom. 10 sold merchandise on credit to jovita albany, invoice no. 856, for $5,600 (cost is $2,900). 12 received payment from min cho for the march 2 sale less the discount. 13 (a) sent van industries check no. 416 in payment of the march 1 invoice less the discount. 13 (b) received payment from linda witt for the march 3 sale less the discount. 14 purchased $32,625 of merchandise from the cd company, invoice dated march 13, terms 2/10, n/30. 15 (a) issued check no. 417, payable to payroll, in payment of sales salaries expense for the first half of the month, $18,300. cashed the check and paid the employees. 15 (b) cash sales for the first half of the month are $34,680 (cost is $20,210). (cash sales are recorded daily, but are recorded only twice here to reduce repetitive entries.) 16 purchased $1,770 of store supplies on credit from gabel company, invoice dated march 16, terms n/10 eom. 17 received a $2,425 credit memorandum from cd company for the return of unsatisfactory merchandise purchased on march 14. 19 received a $630 credit memorandum from spell supply for office equipment received on march 9 and returned for credit. 20 received payment from jovita albany for the sale of march 10 less the discount. 23 issued check no. 418 to cd company in payment of the invoice of march 13 less the march 17 return and the discount. 27 sold merchandise on credit to jovita albany, invoice no. 857, for $14,910 (cost is $7,220). 28 sold merchandise on credit to linda witt, invoice no. 858, for $4,315 (cost is $3,280). 31 (a) issued check no. 419, payable to payroll, in payment of sales salaries expense for the last half of the month, $18,300. cashed the check and paid the employees. 31 (b) cash sales for the last half of the month are $30,180 (cost is $16,820). 31 (c) verify that amounts impacting customer and creditor accounts were posted and that any amounts that should have been posted as individual amounts to the general ledger accounts were posted. foot and crossfoot the journals and make the month-end postings. assume the following ledger account amounts inventory (march 1 beg. bal. is $10,000); z. church, capital (march 1 beg. bal. is $10,000) and church company uses the perpetual inventory system. problem 7-1a part 2 required: 2-a. enter the transactions in a sales journal. 2-b. enter the transactions in a purchases journal. 2-c. enter the transactions in a cash receipts journal. 2-d. enter the transactions in a cash disbursements journal. 2-e. enter the transactions in a general journal. enter the transactions in a sales journal.

Answers: 2

continue

Do you know the correct answer?

If a company issues a check for $2,750 in payment of the salaries expense for the last half of the m...

Questions in other subjects:

Mathematics, 18.10.2019 23:00

Is rectangle with no angles the same size...

History, 18.10.2019 23:00

How did the concept of self-rule first originate in the new england colonies?...

History, 18.10.2019 23:00

Which statements describe aspects of the inca's civilization? (all that are correct) a. conquered people hated their new rulers and eventually defeat them...

Chemistry, 18.10.2019 23:00

What would barium do to obtain a noble gas structure? gain 2 electrons lose 2 electrons gain 6 electrons lose 6 electrons...

Social Studies, 18.10.2019 23:00

According to walter christaller’s central place theory, smaller cities focus on providing urgent daily needs, while larger cities provide a more diverse array of services....

History, 18.10.2019 23:00

When creating the executive branch, what was the correct major concern of the delegates? they were concerned with putting too much power in the hands of the supreme co...

Mathematics, 18.10.2019 23:00

Find 3 different fraction equivalent to 8/9...

Social Studies, 18.10.2019 23:00

Elderly people fear dependency because a. they lose their independence. c. it necessitates new role behaviors. b. their status in society changes. d. all of...

Mathematics, 18.10.2019 23:00

Quran bought 8.6 meters of fabric how many centimeters of fabric did he buy...

Biology, 18.10.2019 23:00

Identify the biotic limiting factor from the choices below. a. space b. vegetation c. water d. climate...

Other tasks in the category: Business More task