Journalize the following business transactions. (a) Hector Molina invests $9,000 cash in the business. (b) Insurance of
Question:
(a) Hector Molina invests $9,000 cash in the business.
(b) Insurance of $800 is paid for the year.
(c) Supplies of $2,000 are purchased on account.
(d) Cash of $7,500 is received for services rendered.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
a Cash 9000 Hector Molina Capital 9000 Invested cash in the ...View the full answer
Answered By
Dinesh F
I have over 3 years of professional experience as an assignment tutor, and 1 year as a tutor trainee.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Accounting questions
-
Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically...
-
Journalize the following business transactions. (a) Alberto Rivera invests $9,000 cash in the business in exchange for shares of common stock. (b) Insurance of $800 is paid for the year. (c) Supplies...
-
Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions. (Credit account titles are automatically...
-
Discuss the importance of asset allocation when developing a portfolio. In general, what is the conventional guidance in terms of allocating assets across the following three asset classes (equities,...
-
Slapshot Company makes ice hockey sticks. On June 1, Slapshot had $48,000 of materials in inventory. During the month of June, the company purchased $132,000 of materials. On June 30, materials...
-
Willow Hill Athletic Club offers personal training sessions to its members. The sessions are either 30 or 60 minutes in length, and members can sign up to meet either two or three times per week. The...
-
If you dont start somewhere, youll never end up anywhere, explains Justin Gold, entrepreneur and founder of the Justins brand of organic nut butters and peanut butter cups. It was this mantra that...
-
The following data were obtained in a BET apparatus for adsorption equilibrium of nitrogen on silica gel (SG) at -195.8C. Estimate the specific surface area in m2/g of silica gel. How does your value...
-
Here are data on two stocks, both of which have discount rates of 14%: Stock A Stock B Return on equity 14% 10% Earnings per share $ 1.50 $ 1.40 Dividends per share $ 1.20 $ 1.20 What is the value of...
-
True or false? (a) The L2 eigenvalues are degenerate except for l = 0. (b) Since L2Ylm = l(l + 1)h2Ylm, it follows that L2 = l(l + 1)h2. (c) L2 commutes with Lx. (d) Y00 is a constant. (e) Y00 is an...
-
(a) Should business transaction debits and credits be recorded directly in the ledger accounts? (b) What are the advantages of first recording transactions in the journal and then posting to the...
-
(a) What is a ledger? (b) What is a chart of accounts and why is it important?
-
(EUP: weighted average & FIFO) Shannon Inc. makes metal toy soldiers in a one-department production process. All metal is added at the beginning of the process. Paint for the toys and plastic bags...
-
analyze the code and fix the error Main.java 2 public class Main 3- { 4 public static void main(String[] args) { 5 6 Scanner myObj-new Scanner(System.in); 7 int count = 0; // sets count to zero CO G...
-
Please provide a reflection on interimsof a C-Level Leader of a start-up technology company, how/what strategy you will consider to grow your business.
-
Using a ruler, completing the following schematics based on the information provided. 19. Draw a wiring diagram of a PSC compressor with a current start relay and a start capacitor.com 20. Draw a...
-
You observe the below command output. *?What is wrong connection timed out; no servers could be reached arya@arya:~$
-
Evaluate your strengths a supervisor and leader using the preferred leadership profile, the key performance motivators scale, the seven domains for inspiration, and other concepts from your course...
-
Using the rational decision-making process, evaluate Whitmans decision. In other words, what was the existing problem, what were the possible alternatives, and so on? 2 LO3
-
At Glass Company, materials are added at the beginning of the process and conversion costs are added uniformly. Work in process, beginning: Number of units Transferred - in costs Direct materials...
-
Suppose that you are designing an electronic musical instrument. The prototype system occasionally produces off-key notes, causing listeners to wince and grimace. You have determined that the cause...
-
Waterways Corporation uses very stringent standard costs in evaluating its manufacturing efficiency. These standards are not ideal at this point, but management is working toward that as a goal. This...
-
Recently, Mike Cichanowski, owner and CEO of Current Designs, received a phone call from the president of a brewing company. He was calling to inquire about the possibility of Current Designs...
-
Waterways Corporation puts much emphasis on cash flow when it plans for capital investments. The company chose its discount rate of 8% based on the rate of return it must pay its owners and...
-
[ The following information applies to the questions displayed below ] Nauticat has two classes of stock authorized: $ 1 0 par preferred, and $ 1 par value common. As of the beginning of 2 0 2 1 , 1...
-
Selling is not the most important part of marketing. Explain why not
-
When direct materials are issued from the storeroom, are any entries made in the subsidiary records? Question 2 options: Increase raw material item record Decrease raw material item record No entry...
Study smarter with the SolutionInn App