Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

LIE Insert Delete Format Paste 0A- Sort Find 8 Filter Select BTU Merge & Center Analyte Data $ - % Conditional Formatas Cell Formatting Table

image text in transcribed

image text in transcribed

LIE Insert Delete Format Paste 0A- Sort Find 8 Filter Select BTU Merge & Center Analyte Data $ - % Conditional Formatas Cell Formatting Table Styles Styles G H Editing A Cells Font Alignment 5 Analysis N Number DE Clipboard AA M F B 4 1 1 In the General Journal exhibition below, please provide the journal entry for each transaction a e. 6 8 9 a. 1 12 b. In the table below, for each transactions a e, identify how much s revenue should be recorded in February, if any. If no revenue is to be recorded, please provide an explanation as to why. Activity Amount or Explanation Swing Hard collected $15,000 from 10 a. customers for lessons given in February Swing Hard sold a gift card for golf lessons 12 b. for $150 cash in February 15 Swing Hard received $4,000 from credit 16 c. sales made to customers in January 18 Swing Hard collects $2,250 in advance 19 d. payments for golf lessons to start in June Swing Hard bills a customer $125 for golf lessons given between February 25 and February 28. The bill is to be paid in 24 e. March C d. 21 22 e. 23 Fhort Fyrrise 3 Hort In the General Journal exhibition below, please provide the journal entry for each transaction f-h. f In the table below, for each transactions f-h, identify how much expense should be recorded in February, if any. If no expense is to be recorded, please provide an explanation as to why. Activity Amount or Explanation Swing Hard paid $4,750 to its golf f. instructors for working in February Swing Hard paid $1,750 for electricity used g. in the month of January Swing Hard received an electricity bill for $800 for the month of February, to be paid Sh. in March 8 Effort Exercise 3

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

More Books

Students also viewed these Accounting questions