Business

Business, 30.06.2019 17:00, Izzyfizzy

During october, blue sky inc. correctly enters a $10,000 credit to its revenues account. what conclusions can be made based on this accounting entry?

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Business, 30.06.2019 16:40, miguelalvarado3968

During the month of august, jackson products recognizes $15,000 in revenues. jackson’s accounting staff records these revenues by entering a $15,000 debit in the firm’s revenues account and a $15,000 credit in the accounts receivable account. what, if any, effect will this entry have on jackson’s financial statements?

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Business, 12.07.2019 05:00, aleilyg2005

Q3.32: during the month of august, jackson products recognizes $15,000 in revenues. jackson's accounting staff records these revenues by entering a $15,000 debit in the firm's revenues account and a $15,000 credit in the accounts receivable account. what, if any, effect will this entry have on jackson's financial statements?

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Business, 09.09.2019 18:20, duartealondra45

On october 1, 2018, jay pryor established an interior decorating business, pioneer designs. during the month, jay completed the following transactions related to the business: oct. 1 jay transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $32,800. 4 paid rent for period of october 4 to end of month, $3,180. 10 purchased a used truck for $27,000, paying $3,000 cash and giving a note payable for the remainder. 13 purchased equipment on account, $12,790. 14 purchased supplies for cash, $2,200. 15 paid annual premiums on property and casualty insurance, $4,920. 15 received cash for job completed, $13,780. enter the following transactions on page 2 of the two-column journal: 21 paid creditor a portion of the amount owed for equipment purchased on october 13, $4,560. 24 recorded jobs completed on account and sent invoices to customers, $15,680. 26 received an invoice for truck expenses, to be paid in november, $1,440. 27 paid utilities expense, $1,640. 27 paid miscellaneous expenses, $590. 29 received cash from customers on account, $6,560. 30 paid wages of employees, $4,360. 31 paid dividends, $3,640. required: 1. journalize and insert the posting references for each transaction in a two-column journal beginning on page 1, referring to the following chart of accounts in selecting the accounts to be debited and credited. for a compound transaction, if an amount box does not require an entry, leave it blank. 11 cash 31 common stock 12 accounts receivable 33 dividends 13 supplies 41 fees earned 14 prepaid insurance 51 wages expense 16 equipment 53 rent expense 18 truck 54 utilities expense 21 notes payable 55 truck expense 22 accounts payable 59 miscellaneous expense general journal page 1 date description post. ref. debit credit 2018 oct. 1 oct. 4 oct. 10 oct. 13 oct. 14 oct. 15 oct. 15 general journal page 2 date description post. ref. debit credit 2018 oct. 21 oct. 24 oct. 26 oct. 27 oct. 27 oct. 29 oct. 30 oct. 31 2. post (in chronological order) the journal to a ledger of four-column accounts, inserting appropriate posting references in the general journal as each item is posted. extend the balances to the appropriate balance columns after each transaction is posted. if an amount box does not require an entry, leave it blank. general ledger account cash account no. 11 balance date item post. ref. debit credit debit credit 2018 oct. 1 1 oct. 4 1 oct. 10 1 oct. 14 1 oct. 15 1 oct. 15 1 oct. 21 2 oct. 27 2 oct. 27 2 oct. 29 2 oct. 30 2 oct. 31 2 account accounts receivable account no. 12 balance date item post. ref. debit credit debit credit 2018 oct. 24 2 oct. 29 2 account supplies account no. 13 balance date item post. ref. debit credit debit credit 2018 oct. 14 1 account prepaid insurance account no. 14 balance date item post. ref. debit credit debit credit 2018 oct. 15 1 account equipment account no. 16 balance date item post. ref. debit credit debit credit 2018 oct. 13 1 account truck account no. 18 balance date item post. ref. debit credit debit credit 2018 oct. 10 1 account notes payable account no. 21 balance date item post. ref. debit credit debit credit 2018 oct. 10 1 account accounts payable account no. 22 balance date item post. ref. debit credit debit credit 2018 oct. 13 1 oct. 21 2 oct. 26 2 account common stock account no. 31 balance date item post. ref. debit credit debit credit 2018 oct. 1 1 account dividends account no. 33 balance date item post. ref. debit credit debit credit 2018 oct. 31 2 account fees earned account no. 41 balance date item post. ref. debit credit debit credit 2018 oct. 15 1 oct. 24 2 account wages expense account no. 51 balance date item post. ref. debit credit debit credit 2018 oct. 30 2 account rent expense account no. 53 balance date item post. ref. debit credit debit credit 2018 oct. 4 1 account utilities expense account no. 54 balance date item post. ref. debit credit debit credit 2018 oct. 27 2 account truck expense account no. 55 balance date item post. ref. debit credit debit credit 2018 oct. 26 2 account miscellaneous expense account no. 59 balance date item post. ref. debit credit debit credit 2018 oct. 27 2 3. prepare an unadjusted trial balance for intrex designs as of october 31, 2018. list all accounts in the order of assets, liabilities, stockholders’ equity, revenues, and expenses.for those boxes in which no entry is required, leave the box blank. the first two account titles are filled in as an example. pioneer designs unadjusted trial balance october 31, 2018 debit balances credit balances cash accounts receivable totals 4. determine the excess of revenues over expenses for october. $ 5. why the amount determined in above might not be the net income for october? because the dividends are declared but not paid because the cash balance is incorrect. because the closing inventory balance is missing because necessary adjustment to expenses, like depreciation has not been made.

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Business, 17.10.2019 00:00, laniflower737

Ayayai inc. owns shares of pina corporation stock. at december 31, 2017, the securities were carried in ayayai’s accounting records at their cost of $789,000, which equals their fair value. on september 21, 2018, when the fair value of the securities was $993,000, ayayai declared a property dividend whereby the pina securities are to be distributed on october 23, 2018, to stockholders of record on october 8, 2018. prepare all journal entries necessary on those three dates. (credit account titles are automatically indented when amount is entered. do not indent manually. if no entry is required, select "no entry" for the account titles and enter 0 for the amounts.)

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