Prepare a journal entry on August 13 for cash received for services rendered, $7,480.
Question:
Prepare a journal entry on August 13 for cash received for services rendered, $7,480.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
The journal entry for services rendered for cash is to debit Cash an...View the full answer
Answered By
Hardik Dudhat
I am semi-qualified Chemical Engineering ,I have scored centum in accounting in my senior secondary and in my graduation. I have always helped my fellow students with their concerns on the subject, i have tutored on various tutoring sites in the past and also have taken home tuitions for degree and MBA students. As a tutor, I don't want my students to just get a solution, I want them to understand the concept and never have a doubt in that area thereon and i believe in excelling and not in educating.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
Question Posted:
Students also viewed these Business questions
-
Prepare a journal entry on April 2 for cash received for services rendered, $3,600.
-
Prepare a journal entry on May 29 for cash received for services rendered, $5,000.
-
Prepare T accounts and a journal entry on April 2 for cash received for services rendered, $3,600. The opening balance for cash is $4,000, and the opening balance for services rendered is $12,000.
-
Types of audit procedures Audit procedures are used to gatherevidence to support the auditors conclusions on the fairpresentation of a companys financial statements. Procedures can beperformed...
-
Grades g1 of +4.00% and g2 of 2.00% meet at the VPI at station 4+300 and elevation 154.960 m. Lengths of curves are 100 m and 200 m. (Use 30-m stationing.) Compute and tabulate full-station...
-
The following three separate situations require adjusting journal entries to prepare financial statements as of April 30. For each situation, present both the April 30 adjusting entry and the...
-
A U.S. Treasury bond pays a 7% coupon on January 7 and July 7. How much interest accrues per \($100\) of principal to the bond holder between July 7, 2013, and August 9, 2013? How would your answer...
-
Emelio and Charita are married taxpayers with 2 dependent children. Emelio starts a computer consulting business in 2011. Charita works as a real estate broker. During 2011, they have the following...
-
5. What effect do each of the following have on the regular payment and the total interest paid on a mortgage? Change Effect on Regular Payments (up/down) Effect on Total Interest Paid (up/down)...
-
James Smith and Donald Robertson are assistant portfolio managers for Micro Management Partners. In a review of the interest rate risk of a portfolio, Smith and Robertson discussed the riskiness of...
-
Tech Support Services has the following unadjusted trial balance as of January 31, 20Y8: The debit and credit totals are not equal as a result of the following errors: a. The cash entered on the...
-
Prepare a journal entry on December 23 for the withdrawal of $27,000 by Graeme Schneider for personal use.
-
Explain the similarities and differences held by Sikhs and Christians concerning either baptism, nature and identity of God, or appeal to lower socio-economic classes. Explain any similarities or...
-
True of False: If money is worth 5% compounded annually to you, then you should prefer to receive \($2\),750 today than to receive \($3\),500 five years from today.
-
RT is about to loan his granddaughter Cynthia \($20\),000 for 1 year. RTs TVOM, based upon his current investment earnings, is 12 percent, and he has no desire to loan money for a lower rate. Cynthia...
-
True or False: If money is worth 7% compounded annually to you, then you should prefer to receive \($1\),000,000 thirty years from now than to receive \($200\),000 today.
-
A young engineer calculated that monthly payments of \($A\) are required to pay off a \($5\),000 loan for n years at i% interest, compounded annually. If the engineer decides to borrow \($10\),000...
-
True or False: If your time value of money is 10% annually, then you will be indifferent between receiving \($1000\) today and receiving \($1100\) one year from today.
-
Sima Donuts supplies its retail outlets with the ingredients for making fresh donuts. A central warehouse from which trucks are dispatched is located in Atlanta. Trucks can leave the Atlanta...
-
In 1995 Miguel purchased a home for $130,000. In 2000 he sold it for $170,000 and immediately purchased another one for $180,000, which he sold in 2007 for $235,000. How much taxable capital gain, if...
-
The data in the Table I were gathered using a force meter pulling horizontally on a block of wood placed on a level flat surface also made of wood. To increase the weight being pulled by the force...
-
Create complete motion diagrams (e.g. they should include velocity and acceleration vectors), or interpret the given complete motion diagrams by writing a one or two sentence "story" that might...
-
a) For each of the following equations, write one sentence explaining the meaning of the equation in words, and a second sentence describing a situation where you would use this equation: Av = v - v...
Study smarter with the SolutionInn App