Write up the following transactions in the double-entry accounts for K Johnson for August 2012. 2 August
Question:
Write up the following transactions in the double-entry accounts for K Johnson for August 2012.
Transcribed Image Text:
2 August Johnson places 950 of her own money into the cash till. 3 August Johnson borrows 1,200 from J Tahoulan - which is placed into the bank account. 7 August A delivery van is bought on credit for 1,000 from S Wells. 12 August Machinery is purchased for 340 cash. 19 August Johnson sends Tahoulan a cheque for 600 as part repayment of the loan. 27 August A cheque for the full amount is posted to Wells- with 400 cash paid into the bank account to cover the cheque.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
2012 2012 Aug 2 Capital 2012 Aug 3 J Tahoulan Aug 27 Cash 2012 Aug 19 Bank Cap...View the full answer
Answered By
Rohith Bellamkonda
I am studying in IIT Indore,the most prestigious institute of India.I love solving maths and enjoy coding
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
Question Posted:
Students also viewed these Business questions
-
Price reduction for new credit policy from 1/10 net 30 to 6/10 net 45, how to calculation genertated revenue?
-
10. Consider a block of mass Mhanging at rest from a cable of length L and mass density . The cable is plucked at the bottom, and a wave pulse propagates up the cable to the top, where it is attached...
-
Question #01 (35 p): Crude oil flows through the horizontal tapered 45 elbow at 0.02 m/s. If the pressure at A is 300 kPa, determine the horizontal and vertical components of the resultant force the...
-
What type of business and industry is Fourevr Enterprises? What products or services do Fourevr Enterprises deliver?
-
What is meant by trade diversion? What static welfare effects will a tradediverting customs union have on member nations and on the rest of the world? How do these static welfare effects arise? How...
-
What is the relationship among nursing education, nursing burnout, job dissatisfaction, and patient mortality? What can health care managers do to minimize nursing burnout?
-
It is impossible to motivate, only to demotivate. Discuss.
-
Fonseca, Ruiz, and Dunn is a large, local accounting firm located in a southwestern city. Carlos Ruiz, one of the firm's founders, appreciates the success his firm has enjoyed and wants to give...
-
Describe the architecture of virtual memory and the role of the Memory Management Unit (MMU). How does the MMU handle address translation, and what are the implications for system performance ?
-
Record the following transactions in ledger accounts for R Wheatcroft for July 2013. 1 July Wheatcroft places 300 of his own money into the business cash till. 3 July Wheatcroft places 1,000 of his...
-
Write up the following transactions in the double-entry accounts for S Nower for April 2011. 8 April Bank loan taken out for 18,000 which is paid directly into the bank account. 11 April Plant...
-
On January 1, 2013, Flash and Dash Company adopted a healthcare plan for its retired employees. To determine eligibility for benefits, the company retroactively gives credit to the date of hire for...
-
Things looked good for Mylan NV, a leading generic pharmaceutical drug maker, midday on November 13, 2015, as the early results of the firms campaign to acquire Perrigo appeared promising. The votes...
-
What are the benefits of implementing programs to address cultural competence within a health care organization? What are the costs of not implementing such programs?
-
What are the ethical issues in developing a questionnaire?
-
How can social media aid in developing a questionnaire?
-
Should organizations become involved in outbound medical tourism? Why or why not?
-
Is the role of the PMO in this case unusual?
-
On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cashflows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit...
-
Describe the situations that would lead to the use of the three different buying processes for a particular productlightweight bumpers for a pickup truck.
-
Why would an organizational buyer want to get competitive bids? What are some of the situations when competitive bidding cant be used?
-
How likely would each of the following be to use competitive bids? ( a ) a small town that needed a road resurfaced, ( b ) a scouting organization that needed a printer to print its scouting...
-
Random Crew Social Club are a four-wheel driving social club, managed by the following committee: President Rick Stanley Vice President Barbara Bonhotham Secretary Thomas Ford Treasurer Belinda Smith...
-
The Gartner research article touches on a couple of good concepts, what is the relationship between Data Science and Machine Learning? During the article/video the relationship between data science...
-
Discuss three (3) reasons for utilizing professional networking during the job-hunting process. Note: Some potential points to consider include: developing a professional network, experiences you had...
Study smarter with the SolutionInn App