On November 10, JumpStart Co provides $2,010 in services to clients. At the time of service,...
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On November 10, JumpStart Co provides $2,010 in services to clients. At the time of service, the clients paid $650 in cash and put the balance on account. Required: a. Journalize this event. b. On November 20, JumpStart Co clients paid an additional $530 on their accounts due. Journalize this event c Calculate the accounts receivable balance on November 30. *Refer to the Chart of Accounts for exact wording of account titles. Final Question c. Calculate the accounts receivable balance on November 30. Accounts receivable balance $ Chart of Accounts CHART OF ACCOUNTS QumpStart Co. General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 13 Office Supplies EXPENSES 14 Prepaid Insurance 51 Wages Expense 15 Land 53 Rent Expense 16 Office Equipment 54 Utilities Expense 17 Building 55 Maintenance Expense 18 Truck 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Unearned Revenue 23 Notes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends General Journal a. On November 10, JumpStart Co. provides $2,010 in services to clients. At the time of service, the clients paid $650 in cash and put the balance on account. Journalize this event Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST, REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 b. On November 20, JumpStart Co. clients paid an additional $530 on their accounts due. Journalize this event. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 On November 10, JumpStart Co provides $2,010 in services to clients. At the time of service, the clients paid $650 in cash and put the balance on account. Required: a. Journalize this event. b. On November 20, JumpStart Co clients paid an additional $530 on their accounts due. Journalize this event c Calculate the accounts receivable balance on November 30. *Refer to the Chart of Accounts for exact wording of account titles. Final Question c. Calculate the accounts receivable balance on November 30. Accounts receivable balance $ Chart of Accounts CHART OF ACCOUNTS QumpStart Co. General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 13 Office Supplies EXPENSES 14 Prepaid Insurance 51 Wages Expense 15 Land 53 Rent Expense 16 Office Equipment 54 Utilities Expense 17 Building 55 Maintenance Expense 18 Truck 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Unearned Revenue 23 Notes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends General Journal a. On November 10, JumpStart Co. provides $2,010 in services to clients. At the time of service, the clients paid $650 in cash and put the balance on account. Journalize this event Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST, REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 b. On November 20, JumpStart Co. clients paid an additional $530 on their accounts due. Journalize this event. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2
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Business Law Text and Cases
ISBN: 978-0324655223
11th Edition
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F
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