The following revenue transactions occurred during August:Aug. 7. Issued Invoice No. 121 to Lincoln Co. for services
Question:
The following revenue transactions occurred during August:Aug. 7. Issued Invoice No. 121 to Lincoln Co. for services provided on account, $5,410.15. Issued Invoice No. 122 to Triple A Inc. for services provided on account, $2,360.21. Issued Invoice No. 123 to Bailey Co. for services provided on account, $4,140.Record these three transactions into the following revenue journalformat:
Transcribed Image Text:
REVENUE JOURNAL Post. Accts. Rec. Dr. Fees Earned Cr. Invoice No. Account Debited Date Ref.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
Date Aug 7 Aug 15 Aug 21 Revenue J...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Question Posted:
Students also viewed these Accounting questions
-
The following revenue transactions occurred during February:Feb. 6. Issued Invoice No. 78 to Howard Co. for services provided on account, $490.9. Issued Invoice No. 79 to Hitchcock Inc. for services...
-
The following revenue transactions occurred during October: Oct. 7. Issued Invoice No. 121 to Darcy Co. for services provided on account, $320. 17. Issued Invoice No. 122 to Triple A Inc. for...
-
The following revenue transactions occurred during May: May 6. Issued Invoice No. 78 to Lemon Co. for services provided on account, $1,240. 9. Issued Invoice No. 79 to Hitchcock Inc. for services...
-
Consider the following independent situations found during audit testing of Faran Ltd, which has a balance date of 30 June 2019. Assume that all the situations are material. (i)Recent industrial...
-
Suppose that a missile can have several independent and identical computers, each with reliability 0.9 connected in parallel so that the system will continue to function as long as at least one...
-
After receiving a DEL (SIGINT) character, the display driver discards all output currently queued for that display. Why?
-
The 2014 financial statements of LVMH Moet Hennessey-Louis Vuitton S.A. are presented in Appendix C of this book. LVMH is a Paris-based holding company and one of the worlds largest and best-known...
-
As at December 31, 2017, Kendrick Corporation is having its financial statements audited for the first time ever. The auditor has found the following items that might have an effect on previous...
-
In problems 7-11, use the diagram below. According to Pro Football Reference, over his 17-year career, Peyton Manning threw a total of 539 touchdowns. Assume the data is normally distributed. The...
-
Water at 60°F is being pumped from a stream to a reservoir whose surface is 210 ft above the pump. See Fig. 8.19. The pipe from the pump to the reservoir is an 8-in Schedule 40 steel pipe, 2500...
-
Do computerized systems use controlling accounts to verify the accuracy of the subsidiary accounts?
-
The debits and credits from two transactions are presented in the following customer account:NAME XTREME Products Inc.ADDRESS 46 W. Main St.Describe each transaction and the source of eachposting....
-
For purposes of determining shared responsibility, household AGI is a. AGI for the taxpayer and spouse b. AGI for the taxpayer, spouse and any other household members required to file a tax return c....
-
If you invested $1 million dollar in a startup as part of a $2 million dollar funding at a $3 million pre-money valuation, how much of the company would you own after close of funding?
-
Inflation can have significant effects on income statements and balance sheets, and therefore on the calculation of ratios. Discuss the possible impact of inflation on the following ratios: Return on...
-
A gas pump has a flow rate of 7 L/min. It takes 7.5 minutes to fill the tank of a car in the cold (-22 C) Canadian winter. a) What is the volume of the gas tank? Number L b) What would be the volume...
-
You borrow money from your grandma to invest in the market. You grandma agrees to give you $3,000 for 3 years without charging you any interest. You estimate that you can earn 8% per year during the...
-
Explore the use of advanced modeling and simulation tools, such as finite element analysis (FEA) and discrete element method (DEM), in studying the behavior of complex materials and structures under...
-
To construct sample spaces for experiments in which we deal with non-numerical data, we often code the various alternatives by assigning them numbers. For instance, if an engineer is asked to rate...
-
In Exercises 516, find the focus and directrix of the parabola with the given equation. Then graph the parabola. y 2 = 4x
-
Use the churn data set at the book series website for the following exercises. Make sure that the correlated variables have been accounted for. Apply a CART model for predicting churn. Use default...
-
Summary operating data for Heartland Company during the current year ended November 30, 2012, are as follows; cost of merchandise sold, $2,500,000; administrative expenses, $300,000; interest...
-
Identify the errors in the following incomestatement: Keepsakes Company Income Statement For the Year Ended February 29, 2012 Revenue from sales: $7,200.000 Sales... Add: Sales returns and allowances...
-
Two items are omitted in each of the following four lists of income statement data. Determine the amounts of the missing items, identifying them byletter. igl Sas0,000 Sales Seles returns and...
-
CNBC.com reported mortgage applications increased 9.9% due to a decrease in the rate on 30-year fixed-rate mortgages. Joe Sisneros wants to purchase a vacation home for $350,000 with 20% down....
-
Becky's company is considering an investment project. To start, Becky just needs to purchase an equipment priced at $5500. The equipment will follow a straight-line depreciation over 10 years. The...
-
10 10 1 point Refer to the adjustment grid below. -- Address Sale price Sale price/GLA Days on market Value adjustments Financing Concessions Date of sale/time 5.00% Location Leasehold/fee simple...
Study smarter with the SolutionInn App