Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

General Journal: On January 31, 2016, Bravo Company collected $5,500 from a customer, not previously billed, for services rendered. Prepare the general journal entry (without

General Journal:

On January 31, 2016, Bravo Company collected $5,500 from a customer, not previously billed, for services rendered. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 15, 2016, Bravo Company purchased $3,500 of construction supplies, on account, from the Zulu Company. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 16, 2016, Bravo Company purchased $4,000 of construction supplies, from the Zulu Company. Bravo paid for half of the supplies with cash and the remainder on account. Prepare the compound general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 15, 2016, Bravo Company paid for $7,500 of construction supplies that had been purchased on account, from the Zulu Company. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 16, 2016, Bravo Company paid for $5,000 of construction supplies of which half had been purchased on account. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 31, 2016, Charlie Company paid employees $4,500 for January wages earned. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 31, 2016, Bravo Company paid company shareholders $6,500 in dividends. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 2, 2016, Delta Company paid $3,300 in advance for February rent. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 2, 2016, Delta Company paid $2,000 rent. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 15, 2016, Delta Company hired an assistant manager with a monthly salary of $7,500. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 15, 2016, Delta Company signed a construction contract with Bravo Company to build a tool shed. The agreed on contract price was $16,500. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 20, 2016, Bravo Construction Company purchased, on account, $5,500 of supplies. Half were used immediately for a current job. Prepare the compound general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 20, 2016, Bravo Construction Company purchased $5,500 of supplies. Half were used immediately for a current job. Half of the purchase amount was paid for with cash and the rest was on account. Prepare the compound general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 20, 2016, Bravo Construction Company purchased $3,500 of supplies. Half were used immediately for a current job. Half of the purchase amount was paid for with cash and the rest was on account. On January 31, 2016, Bravo Construction Company paid the balance due. Prepare the general journal entry (without explanation) for the payment of the balance due. If no entry is required then write "No Entry Required."

On January 25, 2016, Charlie Company received and paid the $1,750 electric bill for the month. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services A Systematic Approach

Authors: William Messier, Steven Glover, Douglas Prawitt

5th Edition

007333720X, 9780073337203

More Books

Students also viewed these Accounting questions

Question

In the network shown find Vo using Thevenins Theorem 12V IKO 12 Vo

Answered: 1 week ago

Question

=+Does it make you feel cool?

Answered: 1 week ago