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General Journal entry options: No Journal Entry Required Accounts Payable Accounts Receivable Accumulated Amortization Accumulated DepreciationBuildings Accumulated DepreciationEquipment Accumulated DepreciationVehicles Accumulated Other Comprehensive Income Additional

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General Journal entry options:

  • No Journal Entry Required
  • Accounts Payable
  • Accounts Receivable
  • Accumulated Amortization
  • Accumulated DepreciationBuildings
  • Accumulated DepreciationEquipment
  • Accumulated DepreciationVehicles
  • Accumulated Other Comprehensive Income
  • Additional Paid-In Capital, Common Stock
  • Additional Paid-In Capital, Preferred Stock
  • Additional Paid-In Capital, Treasury Stock
  • Advertising Expense
  • Allowance for Doubtful Accounts
  • Amortization Expense
  • Bad Debt Expense
  • Bonds Payable
  • Buildings
  • Cash
  • Cash Equivalents
  • Cash Overage
  • Cash Shortage
  • Charitable Contributions Payable
  • Common Stock
  • Copyrights
  • Cost of Goods Sold
  • Deferred Revenue
  • Delivery Expense
  • Depreciation Expense
  • Discount on Bonds Payable
  • Dividends
  • Dividends Payable
  • Donation Revenue
  • Equipment
  • FICA Payable
  • Franchise Rights
  • Gain on Bond Retirement
  • Gain on Disposal of PPE
  • Goodwill
  • Impairment Loss
  • Income Tax Expense
  • Income Tax Payable
  • Insurance Expense
  • Interest Expense
  • Interest Payable
  • Interest Receivable
  • Interest Revenue
  • Inventories
  • Inventory - Estimated Returns
  • Land
  • Legal Expense
  • Licensing Rights
  • Logo and Trademarks
  • Loss on Bond Retirement
  • Loss on Disposal of PPE
  • Natural Resource Assets
  • Notes Payable (long-term)
  • Notes Payable (short-term)
  • Notes Receivable (long-term)
  • Notes Receivable (short-term)
  • Office Expenses
  • Other Current Assets
  • Other Noncurrent Assets
  • Other Noncurrent Liabilities
  • Other Operating Expenses
  • Other Revenue
  • Patents
  • Payroll Tax Expense
  • Petty Cash
  • Preferred Stock
  • Premium on Bonds Payable
  • Prepaid Advertising
  • Prepaid Insurance
  • Prepaid Rent
  • Refund Liability
  • Rent Expense
  • Rent Revenue
  • Repairs and Maintenance Expense
  • Restricted Cash (long-term)
  • Restricted Cash (short-term)
  • Retained Earnings
  • Salaries and Wages Expense
  • Salaries and Wages Payable
  • Sales Revenue
  • Sales Tax Payable
  • Service Revenue
  • Short-term Investments
  • Software
  • Subscription Revenue
  • Supplies
  • Supplies Expense
  • Travel Expense
  • Treasury Stock
  • Unemployment Tax Payable
  • Utilities Expense
  • Vehicles
  • Withheld Income Taxes Payable
C&S Marketing (CSM) recently hired a new marketing director, Jeff Otos, for its downtown Minneapolis office. As part of the arrangement, CSM agreed on February 28, 2018, to advance Jeff $45,000 on a one-year, 7 percent note, with interest to be paid at maturity on February 28, 2019. CSM prepares financial statements on June 30 and December 31. Prepare the journal entry CSM will make when the note is established, accrue interest on June 30 and December 31, and the interest and principal payments on February 28, 2019. (lf no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your final answers to whole dollar amount.) View transaction list Journal entry worksheet 2 4 Record the receipt of a note on February 28, 2018 for a $45,000 loan to an employee Note: Enter debits before credits. Date General Journal Debit Credit Feb 28, 2018 Record entry Clear entry View general journal View transaction list Import a new list 1 Record the receipt of a note on February 28, 2018 for a 7 $45,000 loan to an employee. to an 2 Record the interest accrued on the note as of June 30,/ 2018 Record the interest accrued on the note as of December 31, 2018 3 Credit Record the receipt of the payment for interest for the period ending February 28, 2019. 4 Record the receipt of the payment for the principal on the note's maturity date. 5 Note :- journal entry has been entered Record entry Clear entry View general journal C&S Marketing (CSM) recently hired a new marketing director, Jeff Otos, for its downtown Minneapolis office. As part of the arrangement, CSM agreed on February 28, 2018, to advance Jeff $45,000 on a one-year, 7 percent note, with interest to be paid at maturity on February 28, 2019. CSM prepares financial statements on June 30 and December 31. Prepare the journal entry CSM will make when the note is established, accrue interest on June 30 and December 31, and the interest and principal payments on February 28, 2019. (lf no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your final answers to whole dollar amount.) View transaction list Journal entry worksheet 2 4 Record the receipt of a note on February 28, 2018 for a $45,000 loan to an employee Note: Enter debits before credits. Date General Journal Debit Credit Feb 28, 2018 Record entry Clear entry View general journal View transaction list Import a new list 1 Record the receipt of a note on February 28, 2018 for a 7 $45,000 loan to an employee. to an 2 Record the interest accrued on the note as of June 30,/ 2018 Record the interest accrued on the note as of December 31, 2018 3 Credit Record the receipt of the payment for interest for the period ending February 28, 2019. 4 Record the receipt of the payment for the principal on the note's maturity date. 5 Note :- journal entry has been entered Record entry Clear entry View general journal

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