Prepare journal entries for the following transactions that occurred during April: 201X April 1 Jamie Moore invested
Question:
201X
April 1 Jamie Moore invested $110,000 cash and $12,000 of equipment into her new business.
3 Purchased building for $70,000 on account.
12 Purchased a truck from Leominster Co. for $12,000 cash.
18 Bought supplies from Gregoire Co. for $700 on account.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 41% (12 reviews)
Date Account Titles and Description PR Dr Cr 201X Apr 1 Cash 110 0 0 0 00 ...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780133791006
13th Edition
Authors: Jeffrey Slater
Question Posted:
Students also viewed these Cost Accounting questions
-
Bartlett Company, headquartered in Cincinnati, Ohio, has occasional transactions with companies in a foreign country whose currency is the lira. Prepare journal entries for the following transactions...
-
Prepare journal entries for the following transactions that occurred during October: 2014 Oct. 3Janet Wills invested $70,000 cash and $6,000 worth of equip 6 13 17 ment in her new business. Purchased...
-
Prepare journal entries for the following transactions. 1. Mt. Helen hospital billed the state Medicaid program $365,000 for services provided at its standard billing rate. The prospective payment...
-
Cost-Volume-Profit (CVP) analysis can be used to determine the effect of changes in costs and volumes on a company's net profits. This project assignment assumes that you are newly hired as an...
-
A microscope has a magnifying power of 600, and an eyepiece of angular magnification of 15. The objective lens is 22 cm from the eyepiece. Without making any approximations, calculate (a) The focal...
-
Discuss the role marketing plays in the company-wide strategic planning process.
-
During the Covid19 pandemic, some people wondered why biologists seemed unable to answer many questions about the virus, including why children rarely became seriously ill, why men were more likely...
-
(Assumptions, Principles, and Constraints) Presented below are the assumptions, principles, and constraints used in this chapter. 1. Economic entity assumption 5. Historical cost principle 9....
-
The DD-AA model predicts that a permanent increase in foreign money demand will lead to an improvement in the domestic current account. True/False/Uncertain, explain and support your answer with ONE...
-
Using Stellarium Web, change your location to the town of Auvers-sur-Oise by pasting 49.070720, 2.169886 into the location search box. Next, change your observing date to 1890-06-16. Look to the West...
-
The following trial balance (Figure 3.30) was prepared incorrectly. a. Rearrange the accounts in proper order. b. Calculate the total of the trial balance. (Small numbers are used intentionally so...
-
Record the following into the general journal of Remy's Auto Shop. 201X May 1 Remy Tarsia invested $150,000 cash in the auto shop. 5 Paid $6,000 for auto equipment. 8 Bought auto equipment from...
-
Martin Rak, the owner of a newsletter for managers of hotels and restaurants, has prepared the following condensed figures from his companys financial statements for 2011: Revenues . $ 432,500...
-
The surface is 1.50 m long. Compute the magnitude of the horizontal component of the force and compute the vertical component of the force exerted by the fluid on that surface. Then compute the...
-
Consider the primary source excerpt in our book from the Gospel of Matthew. a. What is the speech being commemorated here? Who is speaking? b. Use the source to explain a few of the ideals or values...
-
How the professional membership is beneficial for you in your career in marketing. Explain.
-
1. How might changes in the level of dividends cause conflicts of interest between holders of different kinds of the companys securities? 2. How does the discount on the price of shares sold via a...
-
Twenty-one years ago your aunt and uncle opened an account for you and deposited $2,500 into the account. If the account has earned 5.2%, compounded annually, what is the account balance today?
-
A partial bond amortization schedule for Chiasson Corp. is provided below. Chiasson has a December 31 year end. a. Was the bond issued at a premium or discount? b. Record the interest payment on July...
-
Graph one period of each function. y = 4 cos x
-
From the adjustments section of a worksheet presented in Figure, prepare adjusting journal entries for the end ofJuly. Adjustments Dr. Cr. Prepaid Rent Office Supplies Accumulated Depreciation,...
-
Complete the following table by placing an X in the correctcolumn. Temporary Permanent ill Be Closed Ex. Accounts Receivable 1. Income Summary 2. Jen Rich, Capital 3. Salary Expense 4. Jen Rich,...
-
From the following T accounts, journalize the four closing entries on December 31,201X. J. Konnor, Capital 18,800 Rent Expense 7,000 Wage Expense 8,200 J. Konnor, Withdrawals 2,500 Income Summary...
-
ABC partnership is dissolving.assume the noncash assets ( axxounts recwivable with a carrying amount of 4 5 0 0 0 and equupment with a cost of 6 5 0 0 0 and accumulated depreciation of 3 5 0 0 0 )...
-
A taxpayer expenses out $ 1 5 0 , 0 0 0 of tangible property under IRC Section 1 7 9 when they file their Federal return. The taxpayer will need to apportion the Section 1 7 9 between California...
-
The purpose of this part is to provide you with a better understanding of the origins of the Codification. For this part, you should stay in the Codification, clicking on the tab Other Sources ( on...
Study smarter with the SolutionInn App