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Using these terms can you match the correct one to the questions below please. terms No journal entry required Accounts payable Accounts receivable Accumulated depreciation
Using these terms can you match the correct one to the questions below please.
terms
No journal entry required
Accounts payable
Accounts receivable
Accumulated depreciation
Additional paidin capital
Advertising expense
Allowance for bad debts
Apicpreferred
Bad debts expense
Bonds payable
Buildings
Capital lease liability
Cash
Commissions expense
Commissions payable
Cost of goods sold
Current maturities of longterm debt
Deferred income taxes
Deferred tax liabilities
Depreciation expense
Discount on bonds payable
Discount on notes payable
Dividends payable
Employee contributions to pension plan
Equipment
Estimated health care expense
Estimated liability for retiree health carecurrent
Estimated warranty liability
Federal unemployment taxes withheld
Fica taxes withheld
Gain on sale of equipment
Goodwill
Group hospitalization insurance
Income tax expense
Income taxes payable
Income taxes withheld
Insurance expense
Interest expense
Interest income
Interest payable
Interest receivable
Interest revenue
Keg deposits
Keg deposits revenue
Keg expense
Land
Loss of sale of equipment
Loss on early retirement of bonds
Machine
Medical insurance contributions
Merchandise inventory
Miscellaneous expense
Note payable
Note receivable
Paidin capital
Payroll tax expense
Payroll taxes payable
Preferred stock
Premium on bonds payable
Prepaid insurance
Prepaid rent
Real estate tax expense
Real estate taxes payable
Rent expense
Rent payable
Rent revenue
Retained earnings
Sales revenue
Serial bonds payable
Supplies
Supplies expense
Supplies on hand
Treasury stock
Trucks
Unearned rent revenue
Unearned revenues
Unearned subscription revenue
Unearned ticket revenue
Utilities expense
Wages expense
Wages payable
Warranty expense
With holding liabilities
The transactions relating to the formation of Blue Company Stores Incorporated, and its first month of operations follow.
a The firm was organized and the stockholders invested cash of $
b The firm borrowed $ from the bank; a shortterm note was signed.
c Display cases and other store equipment costing $ were purchased for cash. The original list price of the equipment was $ but a discount was received because the seller was having a sale.
d A store location was rented, and $ was paid for the first month's rent.
e Inventory of $ was purchased; $ cash was paid to the suppliers, and the balance will be paid within days.
f During the first week of operations, merchandise that had cost $ was sold for $ cash.
g A newspaper ad costing $ was arranged for; it ran during the second week of the store's operations. The ad will be paid for in the next month.
h Additional inventory costing $ was purchased; cash of $ was paid, and the balance is due in days.
i In the last three weeks of the first month, sales totaled $ of which $ was sold on account. The cost of the goods sold totaled $
j Employee wages for the month totaled $; these will be paid during the first week of the next month.
k The firm collected a total of $ from the sales on account recorded in transaction i
l The firm paid a total of $ of the amount owed to suppliers from transaction e
Required:
Prepare the journal entries for each of these transactions.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
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