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please help! journal entries can be created using the transactions provided. entries 12 and 13 are not in the list but photos are provided! i
please help! journal entries can be created using the transactions provided. entries 12 and 13 are not in the list but photos are provided!
i hope these are less blurry
The compary entered into the following transactions during the yeat. January 15 Issued 22 , eed shares of $1 par cominon stock for $84,000 cash. January 31 collected $3,000 from custoners on account. February 15 Reacquired 3,340 shares of $1 par conmon stock into treasury for $36,740 cashi Harch 15 Reissued 2,340 shares of treasury stock for $27,740 cash. August 15 Reissued 600 shares of treasury stock for $4,600 cash. September 15 Declared (but did not yet pay) a $1 cash dividend on each outstanding share of camaon stock. October 1 Issued 100, 10-year, $1,180 bonds, at a quoted bond price of 101. october 3 irote oft a $1,500 balance due from a customer who went bankrupt. Decenber 29 Recorded 5264 , 0e0 of service revenue, all of which was collected in cash. December 30 Paid 5234,000 cash for this year's wages through December 31. (Ignore payroll taxes and payroll deductions.) December 31 Calculated $10, e00 of depreciation for the year to be recorded. (Ignore accruat adjustinents for interest and incone taxes. } Use the dropdowns to select the accounts properly included on the classifled balance sheet. However, you will need to enter the amount of Retained earnings. At the end of the year, the adjusted net income was $20,000. Bender Industries, reported the following account balances on Jatuayy 1 The company entered into the following transactons during the yea) January 15 Issued 22,080 shares of 51 par common stock for $84, e0e cash. January 31 collected $3,800 fron custoners on account. February 15 Reacquired 3,340 shares of 51 par conton stock into treasury for $36,743 cash. March 15 Reissued 2,340 shares of treasury stock for 527,740 cash. August 15 Peissued 600 shares of treasury stock for 54,600 cash. September 15 Declared (but did not yet pay) a $1 cash dividend on each outstanding share of comnon stock. October 1 Issued 108, 10-year, $1,180 bonds, at a quoted bond price of 101. Oetober 3 Wrote off a $1,500 balance due from a custoner who went bankrupt. Decenber 29 Recorded $264,00 of service revenue, all of which was coltected in cash. Decenber 30 Paid $234, 000 cash. for this year's wages through Decenber 31. (Ignore payroll taxes and payroll deductions. December 31 Calculated $10,000 of depreciation for the year to be recorded. (Ignore accrual adjustments for interest and incone taxes. ) Calculate the Debt to Assets Ratio and analyze the impact of the Debt to Assets Ratio. (Round your answer to 2 decimal places.) Bender indurtites, reported the following account balances on danuary 1 The company entered into the folowing tiansactions during the year. January 15 Issued 22,eQ0 shares of 51 par conmon stock for 584, , 2a cash. January 31 collected $3, eee fros custoners on account. February 15 Reacquired 3,340 shares of 51 par conmon stock into treasury for 336,742 casha March 15 Reissued 2,34e shares of treasury stock for $27,742 cash. August. 15 Reissued 6ee shares of treasury stock for s4, 6ed cash. Septenber 15 Declared (but did not yet pay) a $1 cash dividend on each outstanding share of connon: stock. 0ctober 1 Issued 100,10 -year, 51,180 bonds, at a quoted bond price of 101. actober.3 Wrote off a s1,5e0 balance due from a custoner who went bankrupt. December 29 Pecorded 5264 , 000 of service revenue, all of which was collected in cash. payroll taxes and payroll deductions. Decenber 31 Calculated $18, 900 of depreciation for the year to be recorded. (1gnore accrual adjustnents for interest and incoete taxes. Prepare the joumal entries to record each transaction. Review the accounts as shown in the General Ledger and Trial Balance tabs. (Do not round intermediate calculations. If no entry is required for a transactionfevent, select "No journal entry required" in the first account field.) The company entered into the following transactions during the year. January 15 Issued 22,000 shares of $1 par common stock for $84,000 cash. January 31 collected $3,606 from customers on account. February 15 Reacquired 3,340 shares of $1 par common stock into treasury for $36,740 cash. March 15 Reissued 2,340 shares of treasury stock for $27,740 cash. August 15 Reissued 600 shares of treasury stock for $4,600 cash. September 15 Declared (but did not yet pay) a $1 cash dividend on each outstanding share of common stock. 0ctober 1 Issued 100,10 -year, $1,180 bonds, at a quoted bond price of 181. October 3 Wrote off a $1,500 balance, due from a customer who went bankrupt. December 29 Recorded $264,000 of service revenue, all of which was collected in cash. December 30 Paid $234,000 cash for this year's wages through December 31. (Ignore payroll taxes and payroll deductions. December 31 Calculated $10,000 of depreciation for the year to be recorded. (Ignore accrual adjustment5 for interest and income taxes.) Prepare the journal entries to record each transaction. Review the accounts as shown in the General Ledger and Trial Balance tabs. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Show less A Journal entry worksheet (1) 6,7,891011 Prepare a closing journal entry for the income statement accounts, assuming the events on December 29-31 were the only transactions to affect income statement accounts. Record the transaction. Note: Enter debits before credits. The company entered into the following transactions during the year. january 15 Issued 22,800 shares of $1 par conmon stock for 584,800 cash. January 31 collected $3,00e from customers on account. February 15 Reacquired 3,348 shares of $1 par common stock into treasury for $36,740 cash. March 15 Reissued 2,340 shares of treasury stock for $27,740 cash. August 15 Reissued 688 shares of treasury stock for 54,680 cash. Septenber 15 Declared (but did not yet pay) a $1 cash dividend on each outstanding share of common stock. October 1. Issued 100,10 -year, $1,180 bonds, at a quoted bond price of 101. 0ctober 3 Wrote off a $1,500 balance, due from a customer who went bankrupt. December 29 Recorded $264,080 of service revenue, all of which was collected in cash. December 30 Paid $234,000 cash for this year's wages through December 31. (Ignore payroll taxes and payroll deductions.) December 31 Calculated $10, e0e of depreciation for the year to be recorded. (Ignore accrual adjustments for interest and income taxes.) Prepare the journal entries to record each transaction. Review the accounts as shown in the General Ledger and Trial Balance tabs. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No joumal entry required" in the first account field.) Show less a Journal entry worksheet Note: Enter debits before credits. Bender industries, reported the following account balances on January 1 The company cntered into the following transactions during the yoar January 15 issued 22,000 shares of $1 par connon stock for $84,000 cash. January 31 collected 53,090 from customers on account. February 15 Aeacquired 3,340 shares of $1 par connon stock into treasury for $36,740 cash. March 15 Reissued 2,340 shares of treasury stock for $27,740 cash. August 15 Reissued 600 shares of treasury stock for $4,600 cash. Septenber 15 Dectared (but did not yet pay) a $1 cash dividend on each outstanding share of connon stock. Dctober 1 Issued 100 , 10-year, $1,180 bonds, at a quoted bond price of 101. October 3 Wrote off a 51,588 balance due from a custoner who went bankrupt. December 29 Recorded $264,000 of service revenue, all of which was collected in cash. December 38 Paid $234,800 cash for this year's wages through Decenber 31. (Ignore payroll taxes and payroll deductions.) Decenber 31 Calculated $10,008 of depreciation for the year to be recorded. (Ignore accrual adjustments for interest and incone taxes.) Answer is not complete. Prepare the joumal entries to record each transaction. Review the accounts as shown in the General Ledger and Trial Balance tabs. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Show less A January 15 Issued 22,000 shares of 11 par comon stock for $84, e09 cash. January 31 collected $3, ,e20 fron custoners on decount. February 15 Reacquired 3,340 shares of $1 par connon stock into treasury for $36,740 cash. Mareh 15 Reissued 2,340: shares of treasury stock for $27,746 eash. August 15 Reissued 690 shares of treasury stock for 34,600 cash. septeaber 15 Declared (but did not yet pay) a 51 cash dividend on each outstanding share of conton stock. october 1 Issued 1e0, 10-year, $1,188 bonds, at a quoted bond price of 101. October 3 krote off a $1,500 balance due from a custoner who went bankrupt. Deceaber 29 Recorded 5264 , eQe of service revenue, atl of which was collected in cash. Decenber 30 Paid 5234 , eee cash for this year's Wages through Deceaber 31. (Ignore payroll taxes and payroll deductions. Decenber 31 Calculated $10,000 of depreciation for the year to be recorded. (Ignore accruat adjustments for interest and incone taves.) Answer is not complete. Use the dropdowns to select the accounts properly induded on the classified balance sheet. However, you will need to enter the amount of Retained earnings. At the end of the year, the adjusted net income was $20,000. Bender Industries, reported the following account balances on January 1 . The company entered into the following transactions during the yeat. January 15 Issued 22,000 shares of $1 par conmon stock for $84,000 cash. January 31 Collected $3,000 from customers on account. February 15 Reacquired 3,340 shares of $1 par connon stock into treasury for $36,740 cash. March 15 Reissued 2,340 shares of treasury stock for $27,740 cash. August 15 Reissued 600 shares of treasury stock for $4,600 cash. September 15 Declared (but did not yet pay) a 51 cash dividend on each outstanding share of common stock. October 1 Issued 100,10 -year, $1,180 bonds, at a quoted bond price of 101. October 3 Wrote off a $1,500 balance due from a customer who went bankrupt. December 29 Recorded $264,000 of service revenue, all of which was collected in cash. December 30 Paid $234,000 cash for this year's wages through December 31. (Ignore payroll taxes and payroll deductions.) December 31 Calculated $10,000 of depreciation for the year to be recorded. (Ignore accrual adjustments for interest and incone taxes.) Answer is not complete. Calculate the Debt to Assets Ratio and analyze the impact of the Debt to Assets Ratio. (Round your answer to 2 decimal places.) Bender Industries, feported the follawing account balances on January 1 . The compamy eotered into the following transactions during the year. January 15 Issued 22 , bee shares of $1 par coanon stock for $84,be3 cash. January 31 coltected $3,000 fron customers on account. February 15 Peacquired 3,340 shares of $1 par common stock into treasury for $36, 746 cash. March 15 Reissued 2,340 shares of treasury stock for $27,740 cash. August 15 Reissued 680 shares of treasury stock for $4,620 cash. September 15 Declared (but did not yet pay) a 51 cash dividend on each outstanding share of common stock. 0ctober 1 Issued 100,10 -year, $1,180 bonds, at a quoted bond price of 161. October 3 Wrote off a $1,500 balance due from a custoner who went bankrupt. Decenber 29 Recorded $264,608 of service revente, all of which was collected in cash. payroll taxes and payroll deductions. ) December 31 Calculated $10,008 of depreciation for the year to be recorden. \{Ignore accrual adjustments for interest and incone taxes.) Prepare the joumal entries to record each transaction. Review the accounts as shown in the General Ledger and Trial Balance tabs. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Show less A Journal entry worksheet Prepare a closing journal entry for the income statement Prepare:a closing journai entry for the income statemer assuming the events on December 29-31 were the only transactions to affect income statement accounts. Record the transaction. Note: Enter debits before credits. Aonder industries, reported the following account balances on January 1. The company emtered into the following transactions duting the yeat. January 15 Issued 22,008 shares of $1 par comnon stock-for $84,808 cash. January 31 collected $3,000 fron customers on account. February 15 Reacquired 3,340 shares of $1 par connon stock into treasury for $36,740 cash. March 15 Reissued 2,340 shares of treasury stock for $27,740 cash. August 15 Reissued 600 shares of treasury stock for 54,680 cash. September 15 Declared (but did not yet pay) a $1 cash dividend on each outstanding share of connon stock. October 1 Issued 100,10 -year, $1,180 bonds, at a quoted bond price of 101. October 3 Wrote oft a $1,500 balance due from a custoner who went bankrupt. Decenber 29 Recorded $264,000 of service revenue, all of which was collected in cash. December 38 Paid $234,000 cash for this year's wages through Decenber 31. (Ignore payrolt taxes and payrolt deductions. Deceaber 31 Calculated $10, e0e of depreciation for the year to be recorded. (Ignore accrual adjustments for interest and incone taxes.) Prepare the journal entries to record each transaction. Review the accounts as shown in the General Ledger and Trial Balance tabs. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Show less Note: Enter debits before credits Step by Step Solution
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