Post the following operations to the accounting accounts: 1. Christopher decided to open his company. The...
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Post the following operations to the accounting accounts: 1. Christopher decided to open his company. The capital he brought into the company was 120,000, and he brought it in cash and then deposited 20000 into a bank account. Christopher provided cleaning services. He issued an invoice amount of 8000, and he collected money in cash. 2. He bought cleaning products worth 2000, the invoice will be payable by wire transfer within 10 days. Not as inventory. He will use them in cleaning services. 5. 4. He bought gasoline at the station for his car in the amount of 300. He paid in cash. He bought cleaning products - but this time as merchandise for sale. The amount 30000, payment will be made by wire transfer in 7 days. The amount of 1 piece of floor cleaning liquid - 300. 6. 7. 8. 9. Christopher sold 50 pcs of floor cleaning liquid. The selling price of 1 pcs. = 400. an invoice was issued, and the customer paid for the goods in cash. Goods have been issued to the customer. Christopher provided services for 2000. He issued an invoice and collected cash. Christopher has made a purchase of an iPhone, that will be used in his company as a fixed asset. Value - 8,000. The invoice was paid in cash. Purchased office supplies for the company - printer paper, toners, and pens. Value - 400. the invoice was paid for in cash. Post the following operations to the accounting accounts: 1. Christopher decided to open his company. The capital he brought into the company was 120,000, and he brought it in cash and then deposited 20000 into a bank account. Christopher provided cleaning services. He issued an invoice amount of 8000, and he collected money in cash. 2. He bought cleaning products worth 2000, the invoice will be payable by wire transfer within 10 days. Not as inventory. He will use them in cleaning services. 5. 4. He bought gasoline at the station for his car in the amount of 300. He paid in cash. He bought cleaning products - but this time as merchandise for sale. The amount 30000, payment will be made by wire transfer in 7 days. The amount of 1 piece of floor cleaning liquid - 300. 6. 7. 8. 9. Christopher sold 50 pcs of floor cleaning liquid. The selling price of 1 pcs. = 400. an invoice was issued, and the customer paid for the goods in cash. Goods have been issued to the customer. Christopher provided services for 2000. He issued an invoice and collected cash. Christopher has made a purchase of an iPhone, that will be used in his company as a fixed asset. Value - 8,000. The invoice was paid in cash. Purchased office supplies for the company - printer paper, toners, and pens. Value - 400. the invoice was paid for in cash.
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Debit Cash 120000 Accounts Receivable 8000 Inventory 3000 Merchandise Inventory 30000 Cost of Goods ... View the full answer
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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