Marc Industries had the following transactions. 1. Borrowed $5,000 from the bank by signing a note. 2.
Question:
Marc Industries had the following transactions.
1. Borrowed $5,000 from the bank by signing a note.
2. Paid $3,100 cash for a computer.
3. Purchased $850 of supplies on account.
Instructions
Journalize each transaction. (Omit explanations.)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
1 Cash 5000 Notes Payable 5000 2 Equip...View the full answer
Answered By
Bree Normandin
Success in writing necessitates a commitment to grammatical excellence, a profound knack to pursue information, and a staunch adherence to deadlines, and the requirements of the individual publication. My background comprises writing research projects, research meta-analyses, literature reviews, white paper reports, multimedia projects, reports for peer-reviewed journals, among others. I work efficiently, with ease and deliver high-quality outputs within the stipulated deadline. I am proficient in APA, MLA, and Harvard referencing styles. I have good taste in writing and reading. I understand that this is a long standing and coupled with excellent research skills, analysis, well-articulated expressions, teamwork, availability all summed up by patience and passion. I put primacy on client satisfaction to gain loyalty, and trust for future projects. As a detail-oriented researcher with extensive experience surpassing eight years crafting high-quality custom written essays and numerous academic publications, I am confident that I could considerably exceed your expectations for the role of a freelance academic writer.
5.00+
7+ Reviews
21+ Question Solved
Related Book For
College Accounting
ISBN: 1986
1st Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell
Question Posted:
Students also viewed these Business questions
-
Konerko Industries had the following transactions. 1. Borrowed py $50,000 from the hunk by signing a note. 2. Paid py $cash (or a computer. 3. Purchased py $7,000 of supplies on account. Instructions...
-
Federlin Industries had the following transactions. 1. Borrowed $5,000 from the bank by signing a note. 2. Paid $3,100 cash for a computer. 3. Purchased $850 of supplies on account. Instructions (a)...
-
Fredo Industries had the following transactions. 1. Borrowed $5,000 from the bank by signing a note. 2. Paid $2,500 cash for a computer. 3. Purchased $450 of supplies on account. Instructions (a)...
-
In the game of chess, if a board position is repeated three times with the same side to move, the side to move can declare a draw. Describe how you could test this condition using a computer program.
-
Describe how the number of comparisons used in the worst case changes when these algorithms are used to search for an element of a list when the size of the list doubles from n to 2n, where n is a...
-
The motorcycle travels up the hill at a constant speed of 15 m/s. Determine the magnitude of its acceleration as a function of x. y -X- y= 1 x 1000 -X
-
What does it look like when a board engages in groupthink? What are the pitfalls of such behavior? What are some techniques for overcoming groupthink?
-
An environmental engineer is interested in estimating the mixing that occurs between a stratified lake and an adjacent embayment (Figure). A conservative tracer is instantaneously mixed with the bay...
-
Consider the experimental results for the following randomized block design. Make the calculations necessary to set up the analysis of variance table. Treatment A B C 1 11 9 9 2 13 7 6 Blocks 3 18 16...
-
A wholesale distributor operating in different regions of Portugal has information on the annual spending of several items in their stores across different regions and channels. The data (Wholesale...
-
M. Williams has the following transactions during February of the current year. Journalize the transactions. (You may omit explanations.) Feb. 2 Begins a business as a tennis coach with a cash...
-
Emily Valley is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested $20,000 cash in her business. 1 Hired a...
-
The figure in the next column shows the market for a group of workers who are discriminated against. Suppose that other workers in the same industry are not discriminated against and their value of...
-
Hall Company had sales in 2010 of \(\$ 1,500,000\) on 60,000 units. Variable costs totaled \(\$ 720,000\), and fixed costs totaled \(\$ 400,000\). A new raw material is available that will decrease...
-
_____ is a higher-than-minimum, federally mandated wage, required for nonexempt employees if they work more than a certain number of hours in a week.
-
A business issued a 60-day, 12% note for $25,000 to a creditor on account. Illustrate the effects on the accounts and financial statements of (a) the issuance of thenote and (b) the payment of the...
-
_____ occurs when new employees require higher starting pay than the historical norm, causing narrowing of the pay gap between experienced and new employees.
-
_____ is a hierarchy of jobs and their rates of pay within the organization.
-
Evaluate the following argument: Management fads make no sense. One day its TQM. The next it is empowerment or business-process reengineering. There is no economic justification for these fads....
-
Anne is employed by Bradley Contracting Company. Bradley has a $1.3 million contract to build a small group of outbuildings in a national park. Anne alleges that Bradley Contracting has discriminated...
-
Set up T accounts for Adams' Shoe Shine based on the work sheet above and the chart of accounts provided on the next page. Enter the existing balance for each account. Prepare closing entries in...
-
Using the following partial listing of T accounts, prepare closing entries in general journal form dated May 31, 20--. Then post the closing entries to the Taccounts. Income Supplies Expense 900 Cash...
-
Using the following partial listing of T accounts, prepare closing entries in general journal form dated June 30, 20--. Then post the closing entries to the Taccounts. Accum. Depr.- Office Equip....
-
years from Your truck has a market value of $60,100. You can sell it to your brother, who agreed to buy it now and pay $77,200 three- now, or you can sell it to your cousin who agreed to pay you...
-
A coupon bond that pays interest of $100 semi-annually has a par value of $1,000, matures in ten years, and is selling today at a $72 discount from par value. What is the yield to maturity on this...
-
oblems 15-1 CASH CONVERSION CYCLE Parramore Corp has $12 million of sales, $3 million of inventories, $3.25 million of receivables, and $1.25 million of payables. Its cost of goods sold is 75% of...
Study smarter with the SolutionInn App