Using the following revenue journal for Gamma Services Inc., identify each of the posting references, indicated by
Question:
(1) Posting to general ledger accounts or
(2) Posting to subsidiary ledgeraccounts.
Transcribed Image Text:
REVENUE JOURNAL Invoice No. Post. Ref Accounts Rec. Dr. Fees Earned Cr. Account Debited Date 2012 June 112 Hazmat Safety Co. $2,625 980 1,600 1,240 $6,445 10 113 Masco Co. 18 4 Eco-Systems 27 115 Nero Enterprises 30
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (10 reviews)
1 General le...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Using the following revenue journal for Alpha Services Inc., identify each of the posting references, indicated by a letter, as representing (1) posting to general ledger accounts or (2) posting to...
-
Using the following revenue journal for Omega Services Inc., identify each of the posting references, indicated by a letter, as representing (1) Posting to general ledger accounts (2) Posting to...
-
Using the following revenue journal for Delta Consulting Co., identify each of the posting references, indicated by a letter, as representing (1) Posting to general ledger accounts (2) Posting to...
-
To compute trend percents the analyst should: A. Select a base period, assign each item in the base period statement a weight of 100%, and then express financial numbers from other periods as a...
-
The Assembly Department of Value Surge Protectors began September with no work in process inventory. During the month, production that cost $44,118 (direct materials, $11,638, and conversion costs,...
-
A learning curve following the power law has what shape in the loglog graph? a. Exponentially increasing b. Exponentially decreasing c. Linearly increasing d. Linearly decreasing
-
A friend of yours just told you an interesting story. While at their parents house over the weekend, your friends parents saw the textbook for an entrepreneurship class that your friend is completing...
-
Irina Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. Debits 1. Cost of real estate...
-
1. 120g of an organic compound that contains only carbon and hydrogen gives 330g of CO2 and 270g of water on complete combustion. The percentage of carbon and hydrogen, respectively are (a) 25 and 75...
-
Dain's Diamond Bit Drilling purchased the following assets this year. Assume its taxable income for the year was $53,000 before deducting any §179 expense (assume no bonus depreciation but...
-
Outdoor Country, Inc. does business in two product segments, Camping and Fishing. The following annual revenue information was determined from the accounting systems invoice information: Prepare a...
-
Based on the data presented in Exercise 5-1, assume that the beginning balances for the customer accounts were zero, except for Nero Enterprises, which had a $530 beginning balance. In addition,...
-
A resistor with a 15.0-V potential difference across its ends develops thermal energy at a rate of 327 W. (a) What is its resistance? (b) What is the current in the resistor?
-
Assuming you qualify for max CPP (Canada Pension Plan) and OAS (Old Age Security). You are currently 65 years old and are wondering whether you should delay or take the payments now. A- Discuss the...
-
Mark is excited to begin training as an emergency department nurse. On his first day, the nurse training him makes multiple negative remarks about the physician on duty. "Don't ever make a...
-
You are provided the following information of a firm's stocks and bonds along with other pertinent information. The stocks have a standard deviation of 50% and a correlation of 0.6 with the market...
-
Club sport teams through the Amateur Athletic Union (AAU) do not solely depend on local business partnerships for sponsorship. Identify two corporate sponsors for the AAU. Describe some specific...
-
Spending habits post pandemic have changed due to a multitude of reasons. We spent years being afraid of crowds, having our entire lives changed and being deathly afraid of this virus. Now that the...
-
What process coordinates a fast-start-fail-over event in a Data Guard setup that automates a primary database failover to its standby? A. Observer B. Watcher C. Listener D. Active Data Guard
-
Write the expression in radical notation. Then evaluate the expression when the result is an integer. 23 -1/2
-
Visit the websites of several market research firms that specialize in international market research such as A. C. Nielsen; Arbitron, Inc.; GfK AG, IBOPE, and INTAGE Inc. Compare the type(s) of...
-
Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. Seventy thousand shares of common stock are authorized, and 7,500 shares have been reacquired....
-
The following accounts and their balances were selected from the unadjusted trial balance of REO Inc., a freight forwarder, at October 31, the end of the current fiscal year: Preferred 2% Stock, $100...
-
Indicate whether the following actions would (+) increase, (-) decrease, or (0) not affect Indigo Inc.'s total assets, liabilities, and stockholders' equity: Stockholders' Equity Assets Liabilities...
-
f(x)=5x-3, g(x)=x-5 (f+g)(x)=(Simplify your answer.)
-
(5) A small maintenance project consists of the following jobs whose precedence relationships are given below: Job 1-2 1-3 2-3 2-5 3-4 Immediate Predecessor 15 15 3 5 8 8 Activity 3-6 4-5 4-6 5-6 6-7...
-
Let X be a binomial random variable with the probability distribution f(x) shown below. Find the probability distribution of the random variable Y=x. f(x)= Bere 3-x x=0,1,2,3 elsewhere Complete the...
Study smarter with the SolutionInn App