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i am doing Jo & Mo's Icy Delight on Snap2It and need to know what special journal and ledger that these transactions would go too.
i am doing Jo & Mo's Icy Delight on Snap2It and need to know what special journal and ledger that these transactions would go too. if more infor is needed please ask! thank you!
proto 20 FANS 2318205 Fit Asse SNAPZ4 Accounting Practice Sets snap2 taccounting.cory Practiceet/ templates found in the Appendices of this manual. WEEK 2 TRANSACTIONS I Sep-13 Paid balance owed on accounts payable to Pixley Grocery Store Outlet, Inv. 520 Sep-15 Secured a bank loan to purchase the building and land for $80,000. The building was valued at $65,000 and the land was valued at $15,000. It was financed by making a $20,000 down-payment and obtaining a mortgage for the balance at 5% for 20 years. The company estimates that the building will have a 25-year useful life and at the end of the 25 years, the building will have a $5,000 residual value. Sep-15 Purchased used delivery van, $20,000 cash. Estimated life for the delivery van was 6 years with no salvage value. Straight line depreciation was used for recording depreciation. Sep-15 Paid $600 cash for two grand opening advertisements in the local paper at $300 each. One ad will run this week and the other will run the first week of October Sep-15 Collected payment from Faith IGA for Inv. 1, sold Sept 5. Sep-16 Paid cash for semi-monthly payroll (Day 1 through Day 15), $1,808.75 (total payroll, $2,500.00, less deductions: employee income tax, $500.00; social security tax, $155.00; Medicare tax, $36.25). Sep-16 Purchased merchandise on account from Super Food Co. for $3,500, Inv. 707 Sep-18 Sales on account to Dee's Ice Creams, for $1,750, Inv. 4. Sep-19 Week 2 (Sept 13-18) cash sales totaled $6,456. MacBook Air Step by Step Solution
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