Prepare T accounts and a journal entry on January 19 for the withdrawal of $6,000 by James
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (16 reviews)
Jan 19 James Green Withdrawals 6000 Cash ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
Question Posted:
Students also viewed these Accounting questions
-
Consider each of the following errors and indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be unequal, indicate...
-
Consider each of the following errors individually and indicate which of the errors would cause the trial balance totals to be unequal: a. A payment of $2,500 to a creditor was posted as a debit of...
-
Misha Zetkova opened a health food consulting business on October 1, 2015. During the month, the following transactions occurred: a. Misha transferred $5,000 from a personal bank account to an...
-
your client believes the share price of IBM Ltd., currently selling at $45 a share, could move substantially in either direction due to an on-going acquisition negotiation on price, which is expected...
-
The price of Ervin Corp. stock will be either $77 or $93 at the end of the year. Call options are available with one year to expiration. T-bills currently yield 5.1 percent. a. Suppose the current...
-
Develop a matrix to compare the five elements of the promotional mix on three criteriato whom you deliver the message, what you say, and when you say it.
-
Pharma Acquisitions. The price/earnings ratio (P/E) is one of the tools used to compare companies in the same sector. A high P/E ratio means that investors pay more for each Swiss franc of net...
-
Suppose the five landscapers in your neighborhood form a cartel and decide to restrict output to 16 lawns each per week (for a total of 80 lawns in the entire market) in order to keep prices high....
-
Eye color is an inherited trait. For purposes of this problem, assume that only two eye colors are possible, brown and blue. Use "b" to represent a blue eye gene and "B" a brown eye gene. If any B...
-
1. Prepare a list showing all tasks and their durations. 2. Analyze the fact situation carefully to determine which tasks are concurrent and which ones are dependent on other tasks. 3. Using PERT/CPM...
-
Prepare T accounts and a journal entry on April 2 for cash received for services rendered, $3,600. The opening balance for cash is $4,000, and the opening balance for services rendered is $12,000.
-
The following errors took place in journalizing transactions: a. The receipt of $6,480 for services rendered was recorded as a debit to Accounts Receivable and a credit to Fees Earned. b. The...
-
Calculate the annual sales revenues and costs (other than depreciation ). Why is it important to include inflation when estimating cash flows?
-
1.What is a predetermined overhead rate and explain why many companies use it? 2.Many accountants believe that overhead costs are the main source of product cost distortions.Do you agree or disagree?...
-
in general terms describe one way (or two) that a company can improve the quality of either its products, services or its processes.
-
How does the normalization of cutting-edge technology within a given industry affect competitive dynamics and drive innovation cycles in adjacent sectors ?
-
The "Just in Time" or pull manufacturing philosophy focuses on reducing time and cost while reducing inefficiencies in the production process. The traditional, or push, philosophy calls for high...
-
a) Shanti is conducting research in relation to leadership skills and the following are details of an article she referred to. Based on the details provided, prepare an appropriate reference list of...
-
Compute dy/dx using the limit definition. y = 1/2 x
-
Continuation of Exercise 4-83. (a) What is the probability that the first major crack occurs between 12 and 15 miles of the start of inspection? (b) What is the probability that there are no major...
-
How does an organization compare recorded accountability with assets when computer systems are used? What controls must be exercised to ensure the veracity of this process?
-
Hawk Homes, Inc., makes one type of birdhouse that it sells for $29.70 each. Its variable cost is $13.30 per house, and its fixed costs total $14,169.60 per year. Hawk currently has the capacity to...
-
Sales $710,000 Cost of goods sold 182,000 Gross margin 528,000 Selling and administrative expenses 151,900 Net operating income 376,100 Nonoperating items: Gain on sale of equipment 7,000 Income...
-
In class we have been assuming that all of government spending falls on domestic goods. Assume instead that a fraction falls on imports (such as capital equipment and military hardware): mg =...
Study smarter with the SolutionInn App