Journalize the following transactions for Deresh DJ Services: May 3 4 6 11 14 18 Owner, Liam
Question:
Journalize the following transactions for Deresh DJ Services:
Transcribed Image Text:
May 3 4 6 11 14 18 Owner, Liam Deresh, invested $2,500 cash into the business. Rented a sound system and paid 1 month's rent, $1,100. Performed DJ services on account, $1,700. Paid $600 cash for equipment. Owner, Liam Deresh, withdrew $500 cash for personal use. Purchased $40 of supplies for cash.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 88% (9 reviews)
Date Account Titles and Explanation Debit Credit May 3 Cash 2500 Owners Equity 2500 May 4 Rent Expe...View the full answer
Answered By
Surendar Kumaradevan
I have worked with both teachers and students to offer specialized help with everything from grammar and vocabulary to challenging problem-solving in a range of academic disciplines. For each student's specific needs, I can offer explanations, examples, and practice tasks that will help them better understand complex ideas and develop their skills.
I employ a range of techniques and resources in my engaged, interesting tutoring sessions to keep students motivated and on task. I have the tools necessary to offer students the support and direction they require in order to achieve, whether they need assistance with their homework, test preparation, or simply want to hone their skills in a particular subject area.
0.00
0 Reviews
10+ Question Solved
Related Book For
Horngrens Accounting Volume 1
ISBN: 9780136889373
12th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Business questions
-
Journalize the following transactions for DJ Services: a. Owner, Liam Deresh, invested $2,500 cash into the business. b. Rented a sound system and paid one month's rent, $1,100. c. Performed DJ...
-
Journalize the following transactions for Stillwater Spa Consultants: Oct. 1 Sold services for $160,000 to customers using debit cards. Assume the bank charges 0.5% for all debit card transactions. 7...
-
Journalize the following transactions for Tanaka Company for June 2016 the companys first month of operations Credit account titles are automatically indented when the amount is entered Do not indent...
-
A rectangular pontoon 10m long 7m broad & 2.5m deep weights 686.7KN. It carries on its upper deck an empty boiler of 5m diameter weighing 588.6 KN. The centre of gravity of the boiler and pontoon are...
-
For the demand data in Problem 11, develop a seasonally adjusted forecast for year 4. (Use a linear trend line model to develop a forecast estimate for year 4.) Which forecast model do you perceive...
-
Government involvement in litigation is mainly to provide a set of procedural rules, court facilities, and judges. Should government be expected to provide whatever resources are needed to deal...
-
E2-15 Goodwill impairment Pop Corporation recorded goodwill in the amount of $200,000 in its acquisition of Son Company in 2016. Pop paid a total of $700,000 to acquire Son. In preparing its 2017...
-
Credit Card Sales Gas stations sometimes sell gasoline at a lower price to customers who pay cash than to customers who use a credit card. A local gas station owner pays 2% of the sales price to the...
-
The Lion Group carries on business as a distributor of warehouse equipment and importer of fruits into the country. Lion was incorporated in 2011 to distribute warehouse equipment. It diversified its...
-
The founder of Frenza asks us to assist her in accounting and analysis of the corporations bonds, which have an annual contract rate of 8%. She wants to know the business and accounting implications...
-
The journal of Anisahs Baking School for July 2022 is shown below: Required 1. Describe each transaction. 2. Set up T-accounts using the following account numbers: Cash, #1000; Accounts Receivable,...
-
Jonathan Wen started a business to offer development of online stores for small businesses. Record the following transactions in the journal of the business. Include an explanation with each journal...
-
The coach of a rowing team wants to know if working with a sport nutritionist will improve the performance of the elite rowers. A random sample of eight members of his crew took part in a year-long...
-
1. What are the threats being faced by Indian General Insurance Ltd. (IGIL)? 2. What are its traditional strengths? What 'business definitions' should it follow while capitalizing on its traditional...
-
You go to discuss the incident and the client's claims with your supervisor. As you retell the incident, it is clear that your supervisor is not comfortable. You ask your supervisor for advice on the...
-
Case Study Two: Rawlings Rawlings is an American sports equipment manufacturing company based in Town and Country, Missouri, and founded in 1887. Rawings specializes in baseball equipment and...
-
The discussion is for Administrating organizational change course. (we should write 300 words) Discussion question is: Refer to table 6.4 in your book. Think of a time when you were introduced to...
-
Content: Identify at least two resources for each of the four critical sections in the course project: Strategic Planning, Healthcare Reimbursement, Revenue Cycle Process, and Reimbursement...
-
How does the choice of the smoothing constant w impact an exponentially smoothed forecast?
-
For the following exercises, write the first four terms of the sequence. a n = 2 n 2
-
This problem continues the Canyon Canoe Company situation from Chapter F:15. Canyon Canoe Companys comparative balance sheet is shown below. 2025 amounts are assumed, but include several transactions...
-
Use the Sweet Valley data from Problem P-F:16-41B. Requirements 1. Prepare the 2024 statement of cash flows by the direct method. 2. How will what you learned in this problem help you evaluate an...
-
The 2024 comparative balance sheet and income statement of Appleton Group, Inc. follow. Appleton disposed of a plant asset at book value during 2024. Prepare the spreadsheet for the 2024 statement of...
-
Suppose you bought a bon with an annual coupon rate of 6.5 percent one year ago for $1,032. The bond sells for $1,020 today. a. Assuming a $1,000 face value, what was your total dollar return on this...
-
During the year 2021, William has a job as an accountant, he earns a salary of $100,000. He has done some cleaning services work on his own (self-employed), where he earned a net income of $50,000....
-
Fixed cost per unit is $7 when 25,000 units are produced and $5 when 35,000 units are produced. What is the total fixed cost when 30,000 units are produced? Group of answer choices $150,000....
Study smarter with the SolutionInn App