Reconstruct the journal entries (omit explanations) that resulted in the postings to the following T-accounts of a
Question:
Transcribed Image Text:
Cash Accounts Payable Paid-in Capital (a) 50,000 (e 18,000 (e) 18,000()80,000 (a) 50,000 Accounts Receivable (c) 110,000 Inventory Cost of Goods Sold Sales Revenue (b) 80,000 (d) 68,000 d 68,000 (c) 110,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (14 reviews)
a Cash 50000 Paidin capital 50000 b Inventory ...View the full answer
Answered By
Hemstone Ouma
"Hi there! My name is Hemstone Ouma and I am a computer scientist with a strong background in hands-on experience skills such as programming, sofware development and testing to name just a few. I have a degree in computer science from Dedan Kimathi University of Technology and a Masters degree from the University of Nairobi in Business Education. I have spent the past 6 years working in the field, gaining a wide range of skills and knowledge. In my current role as a programmer, I have had the opportunity to work on a variety of projects and have developed a strong understanding of several programming languages such as python, java, C++, C# and Javascript.
In addition to my professional experience, I also have a passion for teaching and helping others to learn. I have experience as a tutor, both in a formal setting and on a one-on-one basis, and have a proven track record of helping students to succeed. I believe that with the right guidance and support, anyone can learn and excel in computer science.
I am excited to bring my skills and experience to a new opportunity and am always looking for ways to make an impact and grow as a professional. I am confident that my hands-on experience as a computer scientist and tutor make me a strong candidate for any role and I am excited to see where my career will take me next.
5.00+
8+ Reviews
22+ Question Solved
Related Book For
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
Question Posted:
Students also viewed these Accounting questions
-
Reconstruct the journal entries (with explanations) that resulted in the postings to the following T-accounts of Four Seasons HeatingContractors: Cash Equipment Revenue from Fees (a) 70,000 (b) 1,500...
-
Following are the balance sheet accounts of a small business: Cash..................................................... $ 5,000 Accounts Payable................................ ?...
-
From the following information, reconstruct the journal entries that were made by Rivers Corporation during 2013. *Includes net income of $40,000 for 2013. There were no dividends. Assume that...
-
Using the following information, determine the activity rate for the quality inspections activity. Budgeted Activity Cost Pool Activity Setups Estimated Activity Base 1,000 $60,000 Purchase orders...
-
Explain what happens to U.S. net exports and to U.S. aggregate demand as the dollar depreciates.
-
One field representative services five customers for a computer manufacturer. Customers request assistance at an average (Poisson-distributed) rate of once every four workdays. The field...
-
Table B. 12 presents data on a heat treating process used to carburize gears. The thickness of the carburized layer is a critical factor in overall reliability of this component. The response...
-
Rosenberg Land Development (RLD) is a developer of condominium properties in the Southwest United States. RLD has recently acquired a 40.625 acre site outside of Phoenix, Arizona. Zoning restrictions...
-
A stock price is currently trading at $100. Over the next two 6 month periods it will be with up 10% or down 10%. The risk-free interest rate is 8% per annum with continous compunding. What is the...
-
A store maintains data on customers, products and purchase records in three tables: CUSTOMER, PRODUCT, PURCHASE. The store manager wants to know which product is on its maximum discount for each...
-
Prepare journal entries and post to T-accounts the following transactions of Washington Real Estate Company: a. Acquired office supplies of $900 on open account. Use a Supplies Inventory account. b....
-
Gamma Company had total assets (cash and inventories) of $50,000, total liabilities of $30,000, and stockholders equity of $20,000 at the beginning of 20X0. During the year Gamma purchased inventory...
-
Which component of ethical decision making do you believe best explains student cheating: moral awareness, moral judgment, or moral intent? Why do you feel that way?
-
(b) (i) (ii) (iii) (iv) (3+c)u +(4+uu tru =0 (2+x)ux +(5+ y)uy + 3xu = 0 (6+x)ux +(2+ y)uy + (5 + x)u = 0 (5+x)ux +(4+ y)uy + (x+3)u = 0
-
Q2) Let a be a primitive element in GF (24). Divide the polynomial f(X) = aX7 +aX6 + aX4+ aX + aX + 1 over GF (24) by the polynomial g(X) = X + aX +a5X + 1 over GF (24). Find the quotient and the...
-
Intro to UNIX/Linux Chapter 7- Lab Name: Sec: Self Test 1 from the textbook. 1) What is the command to create a directory named Proposals? 2) What command changes your current directory to the...
-
In a certain material the equation of motion for the polarization is dg dt dgo dt + v +w = 2,w8 where is the total field in the dielectric. Find the relation between and when = Re(Eeat) and E is...
-
help with sketch pls Sx = X x + e(1-x) (1) (b) Compute S,x for each of the four points x = 0, 1, 1, 2. Use this to sketch the dynamics in the phase space.
-
Intronics Corporation, a manufacturer of electronic circuit boards, reaches the market through the services of 75 manufacturers agencies. Most of the agencies average two sales agents who call on...
-
A copper rod of length L =18.0 in is to be twisted by torques T (see figure) until the angle of rotation between the ends of the rod is 3.08. (a) If the allowable shear strain in the copper is 0.0006...
-
Main advantage of MIG welding over TIG welding is that: (a) Former can be used to weld hard metals (b) Former permits use of large currents thereby allowing higher deposition (c) Welding rate is very...
-
Describe the rules relating to the recognition of product revenue set out in IAS 18 - Revenue.
-
State the two measurement methods recommended by IAS 16 - Property, Plant and Equipment for recording the value of tangible non-current assets.
-
Describe the nature and contents of a conceptual framework of accounting.
-
Who is your favorite designer from the 20th Century (the 1900s)? Give a detailed explanation of why he or she is your favorite and how his/her designs have impacted the fashion industry.
-
Describe what the article was about? What stood out the most in the article? How it relates to the fashion industry? Was the article useful in expanding knowledge as it relate to textile? Website...
-
Explain why special events have arisen in human civilization, why they are so popular, and how they contribute to community development and benefit stakeholders and host communities. Describe the...
Study smarter with the SolutionInn App