On December 1st, Jump Start Company provides $2,800 in services to clients. (a) Journalize this event as
Question:
(a) Journalize this event as if the clients had paid cash at the time the services were rendered.
(b) (1) Journalize this event as if the clients had placed this on account.
(2) Assume that the clients paid $1,200 of the amount on account on December 30th. Journalize this transaction.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
a December 1 Cash 2800 Fees ea...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
Question Posted:
Students also viewed these Cost Accounting questions
-
Jump Start Company (JSC), a subsidiary of Mason Industries, manufactures go-carts and other recreational vehicles. Family recreational centers that feature go-cart tracks along with miniature golf,...
-
Internet Marketing Inc. (IMI), which has been operating for three years, provides marketing consulting services worldwide for online companies. You are a financial analyst assigned to report on the...
-
On November 10th, JumpStart Co. provides $2,900 in services to clients. At the time of service, the clients paid $600.00 in cash and put the balance on account. (a) Journalize this event. (b) On...
-
Is astrology scientific? The University of Chicago's General Social Survey (GSS) is the nation's most important social science sample survey. The GSS asked a random sample of adults their opinion...
-
Determine the force in members IK and HK of the truss shown. -27 21m 40 IN 40IN D 27 27
-
Prompt 1 - Discuss your expectations regarding the globalization of business and whether you believe it will continue to expand. Please include in your response a brief explanation of whether the...
-
Implement an edge detection system in the programming language of your choice. You will need first to find a way to obtain pixel data from an image and convert this into a two-dimensional array of...
-
Multiple Choice Questions, 1. After massive promotion of Justin Bieber's latest music album, the producers reacted by raising prices for his albums. This implies that promotion expenditures made the...
-
You allow yourself 46 min to drive 23mi to the airport, but you're caught in heavy traffic and average only 15mi/ for the first 13min. a) what must your average speed be on the rest of the trip if...
-
Trim the branches in the following game tree to solve the game depicted: High 10,5) Low (6,3) High (4,15) Top Andre Basie Up Bottom Andre Low (5,7) Andre High (13,3) Down TopAndre Low (22,5) High...
-
My Oil Co. acquired drilling rights for $6,500,000. The oil deposit is estimated at 32,500,000 gallons. During the current year, 2,000,000 gallons were drilled. Journalize the adjusting entry at...
-
Given the probability distribution of hours teenagers spend on social media a week, find the following. a. The probability that a teenager spends 15 hours on social media a week. b. The probability...
-
How many degrees of freedom are required to model the system of Figures SP 1.27? Identify a set of generalized coordinates which can be used to analyze the system's motion for each system. WE FIGURE...
-
Silva Inc. owns shares of Costa Corporation classified as a trading equity investment. At December 31, 2015, the trading equity investment was carried in Silvas accounting records at its cost of...
-
Refer to the information in E18-24. Instructions (a) Does the accounting for capitalized costs change if the contract is for 1 year rather than 3 years? Explain. Data From E18-24 Rexs Reclaimers...
-
Bassinger Company purchases an oil tanker depot on January 1, 2015, at a cost of \($600\),000. Bassinger expects to operate the depot for 10 years, at which time it is legally required to dismantle...
-
Uddin Publishing Co. publishes college textbooks that are sold to bookstores on the following terms. Each title has a fixed wholesale price, terms f.o.b. shipping point, and payment is due 60 days...
-
Assume that on January 1, 2015, Peking Duck Co. sells a computer system to Liquidity Finance Co. for 510,000 and immediately leases the computer system back. The relevant information is as follows....
-
Waveland South, a private company, is a new audit client for 2022. Wavelands financial statements for 2021 were audited by the previous auditor. An unmodified audit opinion with an emphasis-of-matter...
-
Why is the national security argument for tariffs questionable?
-
Two parallel-plate capacitors, 6.0F each, are connected in series to a 10 V battery. One of the capacitors is then squeezed so that its plate separation is halved. Because of the squeezing, (a) How...
-
In Figure V = 12V, C1 = C5 = C6 = 6.0F, and C2 = C3 = C4f. What are? (a) The net charge stored on the capacitors and (b) The charge on capacitor 4?
-
In Figure V = 9.0 V, C1 = C2 = 30F, and C3 = C4 = 15F. What is the charge on capacitor 4? C2
-
Using the car mileage data from Lab 1, define the following sets: A = {x|x> 125,000), B = {xx < 175,000) and C = {xlx <50,000). Demonstrate the following set equivalencies (DeMorgan's Law) using R...
-
6. Write out the truth tables for: a) a 3 input and gate b) an exclusive or gate c) a two input inclusive or gate 3 7. Describe the microprocessor instruction you would use to: 8. a) set bit 4 of a...
-
Alex Corporation reports the following components of stockholders' equity at December 31 of the prior year. Common stock-$25 par value, 50,000 shares authorized, 33,000 shares issued and outstanding...
Study smarter with the SolutionInn App