Can I please get help with these transactions?
ACCT 1036- CRN 15541-202001 (fall 2020) Killian Byll A | 11/29/20 7:48 PM Homework: Homework Assignment 6 Chapter 5 Score: 0 of 1 pt l "4 '4 a; a (Zrcomrpletetv ' yr HW Score: 46.11%, 4.15 of 9 pts Exercise 5-26(book/static) saouestion Help 0 Better Boat Company is a service based company that rents canoes for use on local lakes and rivers. At the beginning of the new year, Better Boat Company decided to carry and sell T-shirts with its logo printed on them. Better Boat Company uses the perpetual inventory system to account for the inventory. During January 2021, Better Boat Company completed these merchandising transactions, and posted the merchandising transactions to the Egg accounts. Better Boat Company does not typically prepare adjusting and closing entries each month, but the company is surprised at how popular the shins are and wishes to know the net income for January and would also like to undershnd how to prepare the closing entries for a merchandising company. During January 2021, Better Boat Company completed the following non-merchandising transactions. 6'6\"\" the icon to view the non-merchandising transactions.) Muired Requirement 1. Journalize and post the January transactions. Omit explanations. Use the ledger provided for posting. Begin by joumalizing the non-merchandising January transactions. Omit explanations. (Record debits rst, then credits. Exclude explanations from any journal entries.) Jan. 2: Collected $4,400 on account. Date Accounts Debit Credit Jan. 2 Choose from any list or enter any number in the input fields and then click Check Answer. ACCT 1036- CRN 15541-202001 (fall 2020) Killian Byll A | 11/29/20 7:48 PM Homework: Homework Assignment 6 Chapter 5 Score: 0 of 1 pt ' 4 ' 4 of6 (2 complete) v p HW Score: 46.11%, 4.15 of 9 pts Exercise 526 (book/static) ' EQuestion Help 0 Better Boat Company is a service based company that rents canoes for use on local lakes and rivers. At the beginning of the new year, Better Boat Company decided to carry and sell T-shim with its logo printed on them. Better Boat Company uses the perpetual inventory system to account for the inventory During January 2021, Better Boat Company completed these merchandising transactions, and posted the merchandising transactions to the g accounts. Better Boat Company does not typically prepare adjusting and closing entries each month, but the company is surprised at how popular the shirts are and wishes to know the net income for January and would also like to understand how to prepare the closing entries for a merchandising company. During January 2021, Better Boat Company completed the following non-merchandising transactions. 0 (click the icon to view the non-merchandising transactions.) Muired Requirement 1. Journalize and post the January transactions. Omit explan -' o Non-Merchandisrng Transactions Begin by joumalizing the non-merchandising January transactions. Omit expl Jan. 2: Collected $4,400 on account. ' _ Collected $4,400 on account. Paid the utilities and telephone bills from December. (On December 20, the company received bills for the telephone (5260) and utilities ($230). Each were recorded as an Accounts Payable.) Paid the salaries accrued in December. (Salaries accrued in December amounted to $1,500 and were recorded as a Salaries Payable liability.) Rented canoes and received cash, $1 ,600. Received bills for utilities ($350) and telephone ($280) whim will be paid later. Paid various accounts payable, $1,000. Paid employee, $1,000. ' Print ' Choose from any list or enter any number in the input fields and then click Check Answer. parts ' 24 remaining Clear All
