Refer to Problem 2-36 in Chapter 2 for The Hughes Tools Company. a. Prepare journal entries for
Question:
a. Prepare journal entries for each of the transactions and adjustments listed in the problem.
b. Prepare the necessary T accounts and post the journal entries to them.
c. Prepare an adjusted trial balance.
d. Prepare the closing entries and post them to the T accounts.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (11 reviews)
a Hughes Tool Company Journal Entries b Hughes Tool Comp...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
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
Question Posted:
Related Video
A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
Students also viewed these Accounting questions
-
Refer to Problem 2-35 in Chapter 2 for Singh Company. In problem 2-35 1. On January 1, the company issued 10,000 shares for $250,000. 2. On January 2, the company borrowed $50,000 from the bank. 3....
-
Refer to Problem 2-37 in Chapter 2 for A.J. Smith Company. a. Prepare journal entries for each of the transactions and adjustments listed in the problem. b. Prepare the necessary T accounts and post...
-
Hughes Tools Company started business on October 1, 2019. Its fiscal year runs through to September 30 the following year. The following transactions occurred in the fiscal year that started on...
-
August 8, 2019, was a grim day at the San Francisco headquarters of Uber, the global leader in ride-hailing companies. That day it announced a staggering loss of $5.2 billion in just the previous 3...
-
Harms acquires Blake on January 1, 2011, for $1,000,000. The amount of $800,000 is assigned to identifiable net assets. Goodwill is being impairment tested on December 31, 2015. There have not been...
-
A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labour content of the jobs needed to produce the shopping carts. Prior to...
-
Describe the nature of business strategy. LO.1
-
Hitachi, Ltd., reports total revenues of 9,041,071 million for its fiscal year ending March 31, 2013, and its March 31, 2013, unadjusted trial balance reports a debit balance for trade receivables...
-
Efficiency PROBLEM Peterson Papers makes personalized stationery of the highest quality. The company maintains a stock of blank note cards, calling cards, stationery, and envelopes. Customers order...
-
Graph the relative frequency histogram for the 500 measurements summarized in the accompanying relative frequency table. Class Interval Relative Frequency .52.5 ............... .10 2.54.5...
-
Sparkling Clean Dry Cleaners Inc. began operations on January 1, 2011. In its first year, the following transactions occurred: 1. Issued common shares for $150,000 cash. 2. Purchased dry cleaning...
-
Jake Redding owns and operates a tire and auto repair shop named Jakes Jack'em and Fix'em Shop. During the current month, the following activities occurred: 1. The shop charged $8,500 for repair work...
-
What do the three theories indicate regarding the actions management should take with respect to dividend payout?
-
1. Gluteus maximus muscle and mention the structures covered by it.
-
2. External features and relations of Kidney.
-
3. Features of Synovial joint and its classification.
-
1. Name the paranasal air sinuses.
-
2. Name the ventricles of Brain.
-
Anyone who is aware of an offer can accept it and create a binding contract. (True/False)
-
Compare and contrast licensing and subcontracting.
-
Moving average and exponential smoothing Mobley Manufacturing Company has accu- mulated the following data on the amount of receivables written off each month as uncollectible: January $6,300 July...
-
Transactions for Argot Company for the month of May are presented below. Prepare journal entries for each of these transactions. (You may omit explanations.) May 1 B.D. Argot invests $3,000 cash in...
-
Transactions for Argot Company for the month of May are presented below. Prepare journal entries for each of these transactions. (You may omit explanations.) May 1 B.D. Argot invests $3,000 cash in...
-
Brett Favre Repair Shop had the following transactions during the first month of business. Journalize the transactions. Aug. 2 Invested $12,000 cash and $2,500 of equipment in the business. 7...
-
the internal operation rulea of cooperation are known As ?
-
"When it comes to audit sampling, both statistical and non-statistical sampling are equally effective." Defend or refute the preceding statement. (1 Mark).
-
ACC 2 0 2 Milestone One: Operational Costs Data Appendix You plan to open a small business for manufacturing pet collars, leashes, and harnesses. You have found a workshop space you can use for...
Study smarter with the SolutionInn App