10 1 Journalize the following transactions for Bigelow Company for the month of October. 31 Oct...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
10 1 Journalize the following transactions for Bigelow Company for the month of October. 31 Oct Stockholders invest cash in the company in exchange for common stock. 5 Oct The company buys a delivery van costing S 26 28 The amount of the down payment for the van is The company signed a note payable for the balance Oct The company bills customers for services performed so far this month. Oct The company makes the first payment on the note payable Oct The company receives payment from some of the customers who were billed on October 6 $ 40,000 $ 25,000 $5,000 $20,000 $3,000 $1,000 $2,000 10 1 Journalize the following transactions for Bigelow Company for the month of October. 31 Oct Stockholders invest cash in the company in exchange for common stock. 5 Oct The company buys a delivery van costing S 26 28 The amount of the down payment for the van is The company signed a note payable for the balance Oct The company bills customers for services performed so far this month. Oct The company makes the first payment on the note payable Oct The company receives payment from some of the customers who were billed on October 6 $ 40,000 $ 25,000 $5,000 $20,000 $3,000 $1,000 $2,000
Expert Answer:
Answer rating: 100% (QA)
Date Particular Dr Cr Oct 1 Dr Cash Account Cr Investment Account 40000 40000 Investment in ex... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Write a program to generate two arrays from a given array M(i) stored in memory. One of the generated arrays will have (+ve numbers) and the other one will have (-ve) numbers. M(i) will contain 100...
-
Brookes Books is a retail book store. The company is owned by Brooke Riley, the only shareholder (to be). Brooke has asked you to keep the records for the store and to prepare its financial...
-
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...
-
How to respond to the following? Cycle stock, pipeline inventory, buffer stock, and in-transit inventory all have associated carrying costs. Interest rates on inventory values, warehousing expenses,...
-
Skid marks on a drag race track indicate that the rear (drive) wheels of a car skid for the first 18 m and roll with slipping impending during the remaining 382 m. The front wheels of the car are...
-
Separation of duties refers to separating all of these functions except which of the following? a. Authorizing transactions b. Keeping accounting records C. Hiring personnel d. Maintaining custody of...
-
How are the mission and vision linked to each other? Choose an organization you know well and list the issues to which you should pay attention as you analyze its external and internal contexts.
-
GMAC Corporation is planning to issue bonds with a face value of $250,000 and a coupon rate of 6 percent. The bonds mature in five years and pay interest semiannually every June 30 and December 31....
-
Tartan Industries currently has total capital equal to $6 million, has zero debt, is in the 25% federal-plus-state tax bracket, has a net income of $4 million, and distributes 40% of its earnings as...
-
Background: SO MUCH CANDY DATA, SERIOUSLYCandy hierarchy data for 2017 Boing Boing Halloween candy hierarchy. This is survey data over the span of 4-years. The data is split into 4 separate files....
-
Shown below are selected data taken from the unadjusted and adjusted trial balances for the Simonson Company for the current year ended December 31. Determine the items A through H below. Account...
-
Search for three paralegal/legal assistant jobs in San Joaquin County, California ( locate salaries for entry, median, and experienced level positions ); you will have a total of three to review....
-
What techniques can be employed to cultivate a compelling narrative arc in corporate communications, fostering engagement and retention among diverse stakeholders ?
-
How does the strategic integration of visual elements, such as infographics and data visualization, augment the communicative efficacy of business writing in the digital era ?
-
Trevino concludes that "the sociology of law has come of age" and is now a recognized academic field that impacts both the field of sociology and the profession of law. Throughout this term you have...
-
How can the judicious incorporation of rhetorical devices elevate the cogency and resonance of executive-level reports and analyses ?
-
Calculate the average rate of change of the given function f over the intervals [a, a + h] where h=1, 0.1, 0.01, 0.001, and 0.0001. (Technology is recommended for the cases h=0.01, 0.001, and...
-
Explain the regulation of the secretions of the small intestine.
-
From the following information, please complete the chart for gross earnings for the week. (Assume an overtime rate of time and a half over 40hours.) Employee Jacoby Vasquez Leena Ferris Nicolette...
-
At the end of September, Ron Ferlito decided to open his own typing service. Analyze the following transactions he completed by recording their effects in the expanded accounting equation. a....
-
The following transactions occurred in the opening and operation of Bryons Delivery Service. Complete a transaction analysis chart for each of the transactions. Transaction A: Bryon Orn opened the...
-
During 2016, Mayfair Company had the following securities outstanding: 1. 250,000 shares of common stock with an average market price of \($25\) per share. 2. 9.5% convertible preferred, which had...
-
Little, Inc., reported earnings of \($159,000\) for 2016, and at the end of the year, had the following securities outstanding: 1. 60,000 shares of common stock. (The year-end share price was \($25\)...
-
Entrust, Inc., is a global provider of security software; it operates in one business segment involving the design, production, and sale of software products for securing son digital identities and...
Study smarter with the SolutionInn App