VPLUS Weygandt, Financial & Managerial Accounting, 2e ad, Study Practice Assignment Gradebook ORION Downloadable eTextbook > Open Assignment VT RESOURCES - Assignment 10- 10.3 10.9 10-1A Problem 10-1A On January 1, 2017, the ledger of Accardo Company contains the following liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $53,900 7,000 15,800 sults by Study During January, the following selected transactions occurred, Jan. 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes 12 Performed services for customers who had made advance payments of $10,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2016 ($7,000). 20 Sold 810 units of a new product on credit at $50 per unit, plus 8% sales tax. 21 Borrowed $31,500 from Girard Bank on a 3-month, 8%, $31,500 note. 25 Sold merchandise for cash totaling $12,420, which includes 8% sales taxes. Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not inde Account Titles and Explanation Debit Credit Date Jan. S Cash 20,520 Sales Revenue 19,000 Sales Taxes Payable 1,520 Jan. 120 Uneared Service Revenue 10,000 harement Pracy Policy 1 Service Revenue 2000-2020n wie sonstec. All Rights Reserved. A Division of Sohn Wi 10.000 s e MacBook Air 18BDGOS Welcom JMC How We Cat Hor X GMP X x x NQUIZ edugen.wileyplus.com/eduger/student/mainfr.uni LUS Financial & Weygandt, Financial & Managerial Accounting, 2e Assignment Gradebook ORION Downloadable eTextbook Practice Assignment URCES Journalize the adjusting entry at laruary for the outstanding notes payable (Hint: Use one-third of a month for the Grand Banknote.) (Credit acco when amount is entered. Do not inden manually) Interest Paya STT UN TEXT Prepare the current section of the balance sheet at January 31, 2017 Assume no change in accounts payable Accardo Company Balance Sheet (Partial) January 31, 2017 Current times Accounts Payable Sales Taxes Payable LUS Weygandt, Financial & Managerial Accounting, 2e Hy & Practice Assignment Gradebook ORION Downloadable eTextbook Assignment URCES ment Prepare the current liabilities section of the balance sheet at January 31, 2017. Assume no change in accounts payable. Accardo Company Balance Sheet (Partial) January 31, 2017 Current Liabilities Study Accounts Payable Sales Taxes Payable Notes Payable Interest Payable Unearned Service Revenue Total Current Lab SHOW LIST OF ACCOUNTS Question AB ant ! Privacy Policy 1 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley Sonne VPLUS Weygandt, Financial & Managerial Accounting, 2e ad, Study Practice Assignment Gradebook ORION Downloadable eTextbook > Open Assignment VT RESOURCES - Assignment 10- 10.3 10.9 10-1A Problem 10-1A On January 1, 2017, the ledger of Accardo Company contains the following liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $53,900 7,000 15,800 sults by Study During January, the following selected transactions occurred, Jan. 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes 12 Performed services for customers who had made advance payments of $10,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2016 ($7,000). 20 Sold 810 units of a new product on credit at $50 per unit, plus 8% sales tax. 21 Borrowed $31,500 from Girard Bank on a 3-month, 8%, $31,500 note. 25 Sold merchandise for cash totaling $12,420, which includes 8% sales taxes. Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not inde Account Titles and Explanation Debit Credit Date Jan. S Cash 20,520 Sales Revenue 19,000 Sales Taxes Payable 1,520 Jan. 120 Uneared Service Revenue 10,000 harement Pracy Policy 1 Service Revenue 2000-2020n wie sonstec. All Rights Reserved. A Division of Sohn Wi 10.000 s e MacBook Air 18BDGOS Welcom JMC How We Cat Hor X GMP X x x NQUIZ edugen.wileyplus.com/eduger/student/mainfr.uni LUS Financial & Weygandt, Financial & Managerial Accounting, 2e Assignment Gradebook ORION Downloadable eTextbook Practice Assignment URCES Journalize the adjusting entry at laruary for the outstanding notes payable (Hint: Use one-third of a month for the Grand Banknote.) (Credit acco when amount is entered. Do not inden manually) Interest Paya STT UN TEXT Prepare the current section of the balance sheet at January 31, 2017 Assume no change in accounts payable Accardo Company Balance Sheet (Partial) January 31, 2017 Current times Accounts Payable Sales Taxes Payable LUS Weygandt, Financial & Managerial Accounting, 2e Hy & Practice Assignment Gradebook ORION Downloadable eTextbook Assignment URCES ment Prepare the current liabilities section of the balance sheet at January 31, 2017. Assume no change in accounts payable. Accardo Company Balance Sheet (Partial) January 31, 2017 Current Liabilities Study Accounts Payable Sales Taxes Payable Notes Payable Interest Payable Unearned Service Revenue Total Current Lab SHOW LIST OF ACCOUNTS Question AB ant ! Privacy Policy 1 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley Sonne