Listed below are selected T-accounts and their beginning balances for Galle Inc. Required: Post the journal entries
Question:
Required:
Post the journal entries from Brief Exercise 2-32 to these accounts and compute the ending balance for each account.
Transcribed Image Text:
Notes Payable Equi pment 5,000 Accounts Receivable 6,300 Cash 12,000 Salary Expense 5,000 Rent Expense 1,000 Service Revenue 19,500
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (17 reviews)
Cash Accounts Receivable Beg Bal 12000 Beg Bal 6300 Jan 1 50000 25000 Jan 4 Jan 15 1...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Cost Accounting questions
-
Listed below are selected T-accounts and their beginning balances for Lee Corporation. Required: Post the transactions in Cornerstone Exercise 2-26 to these accounts and compute an endingbalance....
-
Listed below are selected transactions of Schultz Department Store for the current year ending December 31. 1. On December 5, the store received $500 from the Selig Players as a deposit to be...
-
Listed below are selected account balances for Hemmingway Company for June 30, 2004. Determine each of the following amounts. a. Current assets b. Current liabilities c. Property, plant, and...
-
The flexural rigidity of a rod-like structure like a microtubule is a measure of its bending stiffness. Flexural rigidity is given by EL, where E is the Young?s modulus and L is the geometrical...
-
For the transmission tower of Prob. 2.89, determine the tensions in cables AB and AD knowing that the tension in cable AC is 1770 N and that the resultant of the forces exerted by the three cables at...
-
The 20-m-radius laser ablation pit in Figure 20-28 was created by a laser pulse with a duration of 10 ns and an energy of 2.4 mJ. Express the laser power density in units of W/cm2. Recall that 1 W 1...
-
Use at least two different methodologies to develop as accurate a forecast for the demand as possible. Use each of those methods to project the next four months demand. LO.1
-
Selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (in millions). Instructions Compute the...
-
Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $160,000; Additional Paid-In Capital, $3,350,000; and Retained Earnings,...
-
Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2019, financial statements: At December 31, 2018, total assets were...
-
Galle Inc. entered into the following transactions during January. a. January 1: Borrowed $50,000 from First Street Bank by signing a note payable. b. January 4: Purchased $25,000 of equipment for...
-
The following trial balance that was prepared by the bookkeeper of Mason Company does not balance. Required: Prepare a correct trial balance. Assume all accounts have normal balances. Mason Company...
-
Air is flowing in the converging-diverging nozzle shown in Fig. P11.52. Determine the three critical pressure ratios and the Mach numbers immediately upstream and immediately downstream from the...
-
What are the elements of partnership ?
-
1. (2x+3)dx
-
How many minutes are there in 2h hours and 6m minutes? A) 60h +12m B) 120h+6m C) 60h+6m D) 120h+60m
-
Wholesalers Ltd. deals in the sale of foodstuffs to retailers. Owing to economic depression, the firm intends to relax its credit policy to boost productivity and sales. The firms current credit...
-
The cash register tape for Leprechaun Industries reported sales of $6,891.56. Record the journal entry that would be necessary for each of the following situations: (1) Cash to be accounted for...
-
While examining cash receipts information, the accounting department determined the following information: opening cash balance $150, cash on hand $1,125.74, and cash sales per register tape $990.83....
-
While examining cash receipts information, the accounting department determined the following information: opening cash balance $150, cash on hand $1,125.74, and cash sales per register tape $990.83....
-
Show that the convexity for a zero coupon bond with m payments per year is (m) n(n + -)(1+ m m
-
Abdul Canarte , a Central Bank economist, noticed that the total group purchasing basket of goods (CPI) has gone from $149,740.00 to $344,460.00 in 8 years. With monthly compounding, what is the...
-
ABC Corporation expects sales next year to be $50,000,000. Inventory and accounts receivable (combined) will increase $8,000,000 to accommodate this sales level. The company has a profit margin of 6...
Study smarter with the SolutionInn App