Tony Freedman has decided to use a combined journal for the Precision Computer Centre, beginning with February
Question:
Assignment
Record the transactions listed below in the synoptic journal of the Precision Computer Centre; then post as necessary to the required ledger accounts and prepare a trial balance as of February 28:
Transcribed Image Text:
Feb. 3 Biled Vita Needle for services performed, invoice No. 12694, 4 7 11 14 14 14 $1,300, plus HST. Paid West Bell Canada the balance owed on the phone bill received in January, $110, plus HST, cheque No. 289. Received the utility bill for the month, $290, plus HST, due in 30 days. Collected balance in full from Taylor Golf, $900, plus HST, sales invoice No. 12690 Paid for advertising with West Bell Canada, $800, plus HST, cheque No. 290. Sold to Anthony Pitale goods worth $1,150, sales invoice No. 12695, terms 2/10, n/30, plus HST. Paid January electric bill, $282.50, cheque No. 291. 21 Paid insurance premium for the year beginning March 1, 2014 to Willow Agency, cheque No. 292, $1,846. (Dr. Prepaid Insurance) Collected $1,700, plus HST, on sale of goods for cash Paid Universal Sales for supplies, $286, plus HST, cheque No. 293. Paid Automated Payroll Service for wages and related costs for February, $6,109.00, cheque No. 294. 24 25 28
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
PRECISION COMPUTER CENTRE SYNOPTIC JOURNAL PRECISION COMPUTER CENTRE SYNOPTIC JOURNAL GENERAL LE...View the full answer
Answered By
Rajesh Kumar
1. Educational Content Generation: I have been used to generate a wide variety of educational content, including explanations of complex concepts, summaries of academic subjects, and sample problems with solutions. I can help students understand difficult topics by breaking them down into simpler terms and providing relevant examples.
2. Math and Science Assistance: I'm capable of solving math problems, explaining mathematical concepts, and providing explanations for scientific principles. I can walk students through step-by-step solutions to equations and problems across various levels of difficulty.
3. Test Preparation: I can create practice questions, simulate exam scenarios, and offer explanations for answers to help students prepare for tests and exams, whether they are standardized tests, subject-specific exams, or other assessments.
4. General Knowledge Queries: I can answer factual questions on a wide range of topics, making me a valuable resource for quick information retrieval and learning outside formal education settings.
5. Customized Learning: I can adapt to the student's pace and needs, providing personalized explanations and guidance. This tailored approach can help students grasp concepts that they find challenging more effectively.
0.00
0 Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
Question Posted:
Students also viewed these Accounting questions
-
Journal entries for Polland Real Estate Agency's transactions were prepared in E2-9. June 1 Samantha Polland opened Polland Real Estate Agency with an investment of $13,430 cash and $3,490 of...
-
The following problem will continue from one chapter to the next, carrying the balances forward from month to month. Each chapter will focus on the learning experience of the chapter and add...
-
The Precision Computer Centre created its chart of accounts as follows: You will use this chart of accounts to complete the Continuing Problem. The following problem continues from Chapter 1. The...
-
CASE STUDY. Case Study Chapters 1 and 2. Please post both case studies in Assignment Drop Box as one MS Word apa formate document. Note: See template provided for case study papers. Chapter 1 - Listo...
-
Twelve of the top 20 finishers in the 2009 PGA Championship at Hazeltine National Golf Club in Chaska, Minnesota, used a Titleist brand golf ball (GolfBallTest website, November 12, 2009). Suppose...
-
\({ }_{18} C_{3}\) Express your answers as whole numbers.
-
Solve various time value of money scenarios (Learning Objective 3) 1. Suppose you invest a sum of $2,500 in an account bearing interest at the rate of 14% per year. What will the investment be worth...
-
The following transactions took place at Fine Fashions Outlet during July 2016. Fine Fashions Outlet uses a perpetual inventory system. Record the transactions in a general journal. Use 8 as the page...
-
When you are presented with a document naming two individuals and both of their signatures require notarizations, both signers:
-
The following information is available for Gerard Corporation (a) Compute earnings per share for 2012 and 2011 for Gerard, and comment on the change. Gerard??s primary competitor, Thorpe Corporation,...
-
Margie Henley is about to open a dry-cleaning shop. She has hired you to design a synoptic journal for her shop. It will definitely be a small business with a limited number of transactions that are...
-
Explain why figures for beginning and ending inventory are not combined on the Income Summary line of the worksheet.
-
Exercise 2; = 0.05 Refer to the sample data for the given exercises in Section 12-2. Instead of the sign test, use the Wilcoxon signed-ranks test to test the claim that both samples come from...
-
One of the key tasks in metropolitan area transportation planning is to estimate the total number of trips made by households during a typical day. It is hypothesized that one of the most important...
-
You are the general manager of a home-mortgage lending business within a large diversified financial services firm. In the firm's mission statement, there is a value that emphasizes the importance of...
-
2. In this problem, we would like to investigate another aspect of high- dimensional spaces or curse of dimensionality. Consider N data points uniformly distributed in a p-dimensional unit ball...
-
Discuss the role of non-Newtonian fluid behavior in chemical processing, and how this affects equipment design and operation in terms of pressure drops and flow patterns .
-
An analyst's calculation of Bear Corporation's enterprise value is $1.6 billion. Bear has $113 million in cash, $662 million in debt, and 39 million shares outstanding. What is this analyst's...
-
Match each of the key terms with the definition that best fits it. ____________ Software tools that provide automated support for some portion of the systems development process. Here are the key...
-
Nike manufactures shoes and sportswear. How has the Internet changed the way this company communicates with its suppliers and retail customers?
-
Go to investor.kelloggs.com/investor-relations/annual-reports/ to access the Kellogg's 2013 Annual Report and find the balance sheet of Kellogg's. Did Kellogg's Accounts Payable go up or down from...
-
The Smith Computer Center created its chart of accounts as follows: You will use this chart of accounts to complete the Continuing Problem. The following problem continues from Chapter 1. Assignment...
-
Pete Rose, the accountant of Rich Co., would like to buy a new software package for his general ledger. He couldn't do it because all funds were frozen for the rest of the fiscal period. Pete called...
-
Manufacturers Southern leased high - tech electronic equipment from International Machines on January 1 , 2 0 1 8 . International Machines manufactured the equipment at a cost of $ 8 5 , 0 0 0 ....
-
All of Curly Co . ' s sales are made on account with terms of n 4 5 . Curly uses a perpetual inventory system and expects a return rate of 5 % . Cost of goods sold is 4 0 % of the selling price....
-
Glaus Corp. signed a three - month, zero - interest - bearing $ 1 5 2 , 2 0 5 note on November 1 , 2 0 1 5 for the purchase of $ 1 5 0 , 0 0 0 of inventory. Prepare the necessary journal entries to...
Study smarter with the SolutionInn App