Explain each transaction ah in the following T accounts: CASH ACCOUNTS RECEIVABLE EQUIPMENT a. 40,000 b 15,000
Question:
Explain each transaction a–h in the following T accounts:
Transcribed Image Text:
CASH ACCOUNTS RECEIVABLE EQUIPMENT a. 40,000 b 15,000 . 8,000 9. h. 900 f 1,500 b. 15,000 h 900 d. 9,000 1,500 3,600 h. 900f. 4500 ACCOUNTS PAYABLE COMMON STOCK SERVICE REVENUE f. 4,500 d 9,000 a. 40,000 C. 8,000 WAGES EXPENSE e. 3,600
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
a Issued common stock for cash 40000 b Purchased equipment ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Make T-accounts for the following accounts that appear in the general ledger of Daniel Kelly Hospital, owned by R. Mead, a veterinarian: Cash; Accounts Receivable; Supplies; Office Equipment;...
-
CNT Ltd is a telecommunication company. In 2018, the company plans to expand its business into transport industry by adding a transport division. The new division will be financed in the same way as...
-
Explain each transaction (a-h) entered in the following T accounts: AccouNTs RECEIVABLE a. 20,000 b 7,500 . 4,000 g. 750 b 7,500 . 450 CASH EQuIpMENT g. 750 ,800 h 450 f. 2,250 AccoUNTS PAYABLE d....
-
An investment at 10.47% effective annual rate compounded monthly is equal to an annual percentage rate of: A. 10.99% B. 9.57% C. 10% D. None of the above If the one-year discount factor is 0.8333,...
-
A spark-ignition engine has a compression ratio of 8, an isentropic compression efficiency of 85 percent, and an isentropic expansion efficiency of 95 percent. At the beginning of the compression,...
-
Suppose the Hamiltonian H, for a particular quantum system, is a function of some parameter ; let E n () and n () be the eigenvalues and eigenfunctions of H (). The Feynman Hellmann theorem states...
-
E12.10. Explaining Changes in Income: US Airways (Hard) US Airways Group, the holding company for US Airways, reported the following income statements for 1997 and 1998 (in millions of dollars): 1998...
-
What is interim financial information, and why is interim financial information required to be reviewed? What professional standards provide guidance on the conduct of reviews of interim financial...
-
PT Co. compr un terreno y un edificio existente por 200.000 dlares. Adems, PT pag comisiones inmobiliarias por valor de 15.000 dlares. PT elimin el edificio no deseado y nivel el terreno por un costo...
-
Just hours before they died, Miller, Wantz, and family members met with Kevorkian at the home of Sherry Millers parents on October 22, 1991. Miller, 43, had advanced multiple sclerosis and had...
-
After recording the transactions in E 9, prepare a trial balance for Change Repair Service, Inc., as of June 30, 2011. In E 9, a. Michael Change opened Change Repair Service, Inc., by investing...
-
The list that follows presents the accounts (in alphabetical order) of the Chapla Corporation as of March 31, 2011. Prepare a trial balance with the proper heading (see Exhibit) and with the accounts...
-
Relate the three levels of priority planning to capacity planning. Describe each level in terms of the detail and the time horizons used.
-
Could I obtain assistance with these . problems? 1. Find the coordinates of the turning points of the curve y=3x^4-8x^3-30x^2+72x+5. Determine the nature of these points. "Determine the nature"...
-
1 . In 1 9 6 0 the homeownership rate in the United States was 6 2 % . Is there evidence to indicate that the homeownership rate is now higher? To answer the question, the researchers sample 5 0 2...
-
A certain disease is classified into 4 stages that distinguish how developed the disease is. Researchers studying a new potential treatment recruited over 100 patients with varying stages of the...
-
1. (20) Let and Dor {abnm or 2n m} = Dand = {a"b" nm and 2n m}. Prove that Dor and Dand are both context-free.
-
Given n samples 1 , 2 , . . . , x 1 ,x 2 ,...,x N drawn independently from a Poisson distribution unknown parameter , find the MLE of . = = 1 MLE = i=1 n x i = = 1 MLE =n i=1 n x i = = 1 MLE = i=1 n...
-
The BOC Group 2004 Accounting Policies state: Where finance leases have been entered into, the capital element of the obligations to the lessor are shown as part of borrowings and the rights in the...
-
A fast-food restaurant averages 150 customers per hour. The average processing time per customer is 90 seconds. a. Determine how many cash registers the restaurant should have if it wishes to...
-
The city of Dystopia experienced difficulties with groups of rowdy individuals congregating on downtown sidewalks and harassing passersby. When the local police were unable to control the situation...
-
Use the accounting equation to answer each question that follows. 1. At the beginning of the year, Palette Companys assets were $90,000, and its owners equity was $50,000. During the year, assets...
-
Vivaldi Company had assets of $280,000 and liabilities of $120,000 at the beginning of the year, and assets of $400,000 and liabilities of $140,000 at the end of the year. During the year, the owner...
-
Use the following accounts and balances to prepare a balance sheet with the accounts in proper order for Manteno Company at June 30, 2014, using Exhibit 8 as amodel: Accounts Receivable Wages Payable...
-
) A form used to organize and check data before preparing financial reports is known as a(n):A) statement of financial position.B) income statement.C) ledger. D) worksheet.2) Bringing account...
-
16) The entry to record the payment of office salaries would be: A) Debit Cash; Credit Salaries PayableB) Debit Cash; Credit Salaries ExpenseC) Debit Salaries Expense; Credit Accounts PayableD) Debit...
-
9) The general journal:A) is the book of original entry.B) is the book of final entry.C) contains account balances.D) is completed after the closing entries.10) The process of initially recording...
Study smarter with the SolutionInn App