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Financial Transactions
Page 2
Questions (145)
On october 31 A fund accrued 2000.00 for legal fees. In November 2000 the fund received an invoice. for October 2008 legal fees
1 answer
asked by
Dynel
818 views
On January 2, Todd Company acquired 40% of the outstanding stock of McGuire Company for $205,000. For the year ending, December
2 answers
asked by
Ant
1,327 views
1. Business started with Cash Rs. 100,000/-, Bank Balance Rs. 150,000/-, Merchandise goods Rs 40,000/-, furniture Rs. 5,000/- &
2 answers
asked by
kamala neupane
736 views
partner investments, journal entries. The LP partnership was formed on January 1,19X7, by investments from bill levy and marv
1 answer
asked by
tracy
386 views
Red Bank Enterprises was involved in the following transactions during the fiscal year ending October 31:
8/2: Borrowed $75,000
1 answer
asked by
Megan
465 views
In the past year, which of the following is true about remittances?(1 point)
Remittances increased in 2021 because costs
3 answers
asked anonymously
91 views
Maria Gonzalez opened a veterinary business in Nashville, Tennessee, on August 1. On August 31, the balance sheet showed Cash
3 answers
asked by
essie
879 views
The lake theater opened on april 1.all facilities were completed on march 31. During april,the following events and transactions
3 answers
asked by
mary
604 views
Use this information to calculate the following:
Sales returns $ 700 Rent expense 1,288 Sales discounts 950 Depreciation expense
2 answers
asked by
maria
546 views
Janet Wilson accepts an IOU from her employer in place of a paycheck. Wilson offers the IOU as payment for her groceries. Do you
2 answers
asked by
just a student
902 views
r Consulting began operations and completed the following transactions during the first half of December:
Dec 2 Received $18,000
1 answer
asked by
carol
694 views
in the past year, which of the following is true about remittances
3 answers
asked anonymously
40 views
how would the table of analysis be set up with these transactions:
started business with $25,000 paid rent $2,000 purchased
2 answers
asked by
Keishante
562 views
Classify each of the following items as owner's drawing, revenue, or expense.
(a) Advertising expense (b) Commission revenue (c)
2 answers
asked by
Anonymous
968 views
How do you journalize theses transactions?
8) Purchased $15000 food to sell; paid 1/3 in cash and the balance on account 10) Paid
1 answer
asked by
sam
471 views
Caren Smith opened a medical practice. During July, the first month of operation, the business, titled Caren Smith, M.D.,
3 answers
asked by
Marion
1,513 views
HELP HERE IS WHOLE PROBLEM.IT NEEDS TO BE JOURNALIZED PROPERLY.
mAY 15-fILED THE FEDERAL INCOME TAX RETURN FOR 2009. THE TOTAL
2 answers
asked by
DOROTHY
563 views
Paid 55.00for landscaping property. Used cash. Journalize
1 answer
asked by
Angie
400 views
Shott Farm Supplies Corporation purchased 800 shares of General Motors stock at $50 per share and paid a brokerage fee of
3 answers
asked by
Bobbi Loffredo
740 views
Mr Chee deposited $80 into his checking account. Then, after writing a $23 check for gas and a $90 check for his child's day
2 answers
asked by
Amber shall
606 views
identify assumptions and concepts and correct entries.
On December 31, SGI Company's fical year end, a 12-month insurance policy
4 answers
asked by
Thara
456 views
on january 1, 1996 a company paid for auto insurance. the insurance term began on january 1, 1995 and concluded on december 31,
1 answer
asked by
Bella
325 views
Bob night opened "The general's favorite Fishing Hole" The fishing camp is open from April through September and attracts many
2 answers
asked by
Aloma
1,338 views
CHOI ENTERPRISES
Inv. No. Check Date Description Name or Date No. Terms Amount Dec. 16 Merchandise sold (cost $4,600) Hanna Seppa
1 answer
asked by
zion
660 views
BISHOP COMPANY
Inv. No. Check Date Description Name or Date No. Terms Amount Mar. 1 Received merchandise and invoice Soy
1 answer
asked by
zion
742 views
The following transactions occurred during March 2009 for the Wainwright Corporation. The company owns and operates a wholesale
4 answers
asked by
Bobbi
1,757 views
Store owner makes a $80.00 purchase, goods for resale, and uses check $143. Using Specialized journals, general ledger and
1 answer
asked by
Barb
347 views
On June 1, Melendez Company borrows $90,000 from First Bank on a 6-month,
$90,000, 12% note. Instructions (a) Prepare the entry
2 answers
asked by
Sharon Lawson
1,300 views
“One company’s account receiveable is another company’s account payable”?
1 answer
asked by
Anonymous
473 views
Th e First National Bank of Great Falls is considering a leveraged lease agreement involving some mining equipment with the Big
1 answer
asked by
Anonymous
484 views
June:
1)Sold a house and collected a $6,000 commission. Ans: Cash (debit) Commission earned (credit) 2)Sold a building lot and
1 answer
asked by
Thara!
455 views
an owner investment of equipment into the business would:
a)have no effect on liabilities b)have no effect on owner's equity
2 answers
asked by
Sat!
987 views
The transaction would decrease one liability account and increase another liability account
1 answer
asked by
kea
331 views
debit and credit journal entries-
Sold merchandise with retail value of $6,000 and a cost of $4,080 to Chang Corp., invoice dated
1 answer
asked by
laura
377 views
how to make a t account for owner invests 100,000 in cash and purchase a 10,000 printer on credit at business inception
1 answer
asked by
julie
341 views
May 1 Danny and Mary Jane deposited $50,000 into business checking account
May 1 Rented theater building for shows – paid 6
1 answer
asked by
big b
436 views
IF SOME ONE TAKE LOAN AND STARTED HIS BUSINESS THE journal entrY WILL BE
1 answer
asked by
Franklin
322 views
(hey i asked for help with accounting with a question i saw the same question at this site but when i click it it doesnt work is
2 answers
asked by
gary
771 views
At a school basketball game, student tickets sell for $3.00 each. An adult ticket costs $6.00. The money earned from the student
3 answers
asked anonymously
64 views
Garcia Corporation received cash of $18,000 on August 1, 2010 for one year's rent in advance and recorded the transaction with a
2 answers
asked by
Anonymous
888 views
I need to enter the following into Journal Enteries
a) Borrowed $12,000 cash on a short-term note payable dates march 1, 2011 b)
2 answers
asked by
Leisel
619 views
How would the following transactions affect (i) cash and (ii) net working capital:
a. Paying out a $2 million cash dividend. b. A
2 answers
asked by
Linda
680 views
The company borrowed 85,000 from eastern Bank and the questions are
a. List thename of the accountsthat are impacted by the
1 answer
asked by
johnny
445 views
Impact of a Transaction
The company borrowed $85,000 in cash from Eastern Bank. a. List the accounts impacted by the transaction.
1 answer
asked by
patti
493 views
What type of transaction decreases a liability and increases a liability.
1 answer
asked by
Carol
363 views
1. On January 1, 2004 PEN PENNY received a Utility Bill from BEC for $10,000, the bill was due on February 28, 2004. (a) Show
1 answer
asked by
jimmy
580 views
Analyze the transactions and do the following:-
1. Post to T Accounts 2. Prepare a Chart of Account 3. Record in the General
3 answers
asked by
jimmy
1,017 views
January 1, 2008 Timber Company incorporated in the State of Pennsylvania. Initially it issued stock to three stockholders, Bob,
3 answers
asked by
Anonymous
586 views
The purchase of office equipment on credit has what effect on the accounting equation?
1 answer
asked by
Billy
758 views
Indicate how each of the following six different transactions a company would make would affect (i)cash and (ii) net working
1 answer
asked by
pioneer2006
977 views
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