Accounting

posted by .

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) Purchased land for future buildings site, paid cash, $9,000.
c) Earned $160,000 in Service Revenue for 2011, including 40,000 on credit and 120,000 collected in cash.
d) Received an additional $3,000 investments by H. Hermann.
e) Recognized 70,000 in Wages Expense for 2011, paid in cash, and 15,000 of Other Operating Expense on credit.
f) Collected accounts receivable from customers, 24,000.
g) Purchased other assets, 10,000.
h)Paid accounts payable, 13,000.
i) Signed a 25,000 service contract to start Feb 1, 2012.
j) Purchased supplies on an account for future use, 18,000.
k) Paid 17,000 cash to H. Hermann on his drawing account.

HELP

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. accounting help

    How to prepare this entries Preparing and posting journal entries; preparing a trial balance Shelton Engineering completed the following transactions in the month of June. a. Shania Shelton, the owner, invested $105,000 cash, office …
  2. accounting 201

    I am having trouble figuring out my accounts payable and capital. Any help on going about and solving this would be greatly appreciated. I have listed the data below... Travis Fortney, an architect, opened an office on April 1, 2010. …
  3. Accounting

    Janfer Book Store purchased a new automobile that cost $10,000, made a down payment of $3,000, and signed a note payable for the balance. The entry to record this transaction is: Cash 3,000.00 Note Payable7,000.00 Automobile 10,000.00 …
  4. accounting

    The following transactions occurred during March 2009 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 30,000 shares of common stock in exchange for $300,000 in cash. 2. Purchased equipment …
  5. accounting

    O' Hara Company began operations on December 1, 2011. Presented below is selected information related to O' Hara Company at December 31, 2011. Office Equipment ₤ 40,000 Utilities Expense ₤ 6,000 Cash 14,000 Accounts Receivable …
  6. Accounting

    O' Hara Company began operations on December 1, 2011. Presented below is selected information related to O' Hara Company at December 31, 2011. Office Equipment ₤ 40,000; Utilities Expense ₤ 6,000; Cash 14,000; Accounts …
  7. Financial Accounting

    1. Post the following transactions of a restaurant to prepare the journal ledger and trial balance. Jan - 2011 Transaction Amount 5 Started the business with cash 2,50,000 10 Deposited in the bank 50,000 15 Purchased tables …
  8. Financial Accounting

    Prepare the general journal entries for the following transactions: Jan 2, 2011 -- Purchased land with a building on it for $750,000. The land is worth $300,000. Paid $150,000 cash down and signed a mortgage payable for the balance. …
  9. Accounting

    Presented below are selected financial statement items for Rowe Corporation for December 31, 2012. Inventory $55,000 Cash paid to purchase equipment $30,000 Cash paid to suppliers 154,000 Equipment 40,000 Buildings 400,000 Revenues …
  10. Accounting

    Journalize the following transactions and omit the explanations. A. ABC Corporation purchased $15,000 of office furniture by putting $7,000 down in cash and the rest on account on April 8. B. The corporation paid $60,000 for a two-year …

More Similar Questions