Transactions from the journal of June Feldman, investment broker, are presented below: Instructions a. Post the transactions
Question:
Transactions from the journal of June Feldman, investment broker, are presented below:
Instructions
a. Post the transactions to T accounts.
b. Prepare the trial balance at August 31, 2024.
Transcribed Image Text:
Date Aug. 1 10 12 25 31 Account Titles and Explanation Cash J. Feldman, Capital Owner's investment of cash in business. Cash Service Revenue Received cash for services performed. Equipment Cash Notes Payable Purchased equipment for cash and notes payable. Accounts Receivable Service Revenue Billed clients for services performed. Cash Accounts Receivable Received cash on account. Ref Debit 5,000 2,600 5,000 1,700 900 Credit 5,000 2,600 2,300 2,700 1,700 900
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
a b Cash Aug 1 5000 Aug 12 2300 10 2600 900 31 Aug31Bal 6...View the full answer
Answered By
Moses mwangi
With prior writing experience, be sure that I will give a great grade, If not an A+, it will be something close to this. My reviews speaks it all, Try me!!
4.80+
78+ Reviews
157+ Question Solved
Related Book For
Accounting Principles Volume 1
ISBN: 9781119786818
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
Question Posted:
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
Students also viewed these Business questions
-
Selected transactions from the journal of June Feldman, investment broker, are presented below. Instructions (a) Post the transactions to T-accounts. (b) Prepare a trial balance at August 31,2017....
-
Selected transactions from the journal of June Feldman, investment broker, are presented below. Instructions a. Post the transactions to T-accounts. b. Prepare a trial balance at August 31, 2020....
-
Selected transactions from the journal of June Feldman, investment broker, are presented below. Instructions a. Post the transactions to T-accounts. b. Prepare a trial balance at August 31, 2022....
-
The cylinder in the figure has a radius of 2 ft and rolls without slipping on the horizontal surface. The bar AB is attached to the periphery of the cylinder by a pin at point A. The other end of the...
-
On January 1, 2011, Green Corporation started the year with a $520,000 balance in retained earnings. During 2011, the company earned net income of $89,500 and declared and paid dividends of $10,000....
-
A horizontal pipe contains water at a pressure of 120 kPa flowing with a speed of 1.9 m/s. When the pipe narrows to one-half its original diameter, what are (a) The speed and (b) The pressure of the...
-
Plaintiff sought to enforce against the defendant estate a promise made by his now-deceased uncle to pay Plaintiff a sum of money if Plaintiff refrained from the use of alcohol and tobacco for a...
-
1. Develop a CPM/PERT network for Moore House Contractors and determine the probability that the contractors can complete a house within 45 days. Does it appear that the Moores might need to increase...
-
17.13 Let g be holomorphic in C and assume there exists a finite constant M such that |g(z)| M|sin z (z C). z| Prove that g(z) = K sinz on C, for some constant K with |K| M. (Hint: consider g(z)/sin...
-
For the liquid storage system shown in Fig. E, it is desired to control liquid levels h1 and h2 by adjusting volumetric flow rates q1 and q2. Flow rate q6 is the major disturbance variable. The...
-
The ledger of Lazdowski Marketing Services has the following account balances at the companys year end, October 31, 2024: Instructions a. Prepare a trial balance, with the accounts arranged in ledger...
-
On April 1, Adventures Travel Agency began operations. The following transactions were completed during the month. Apr. 1 The owner, A. Santos, invested $24,000 in the business. 2 Paid $1,800 cash...
-
Do the same as in Problem 9 for the numerical example in Section 17.4. In Problem 9 Assuming that Nations 1 and 2 are both large, and starting from the equilibrium level of national income and...
-
A 1100-V, 50-Hz, 4 pole delta-connected induction motor has a star-connected slip- ring rotor with a phase turns ratio of 3.8:1. The rotor resistance and standstill leakage reactance are 0.012 2 and...
-
Josh quits a $20,000-a-year job at Tim Hortons, borrows $10,000 on his VISA card at a 5% interest rate, and opens a coffee shop in downtown Toronto. Josh pays himself $30,000 a year. After one year,...
-
ABC, Inc. is trying to acquire a smaller company, LMN. LMN is not interested in being acquired. Assuming that ABC is determined to acquire LMN, what should ABC do? Suggest a merger of ABC and LMN...
-
In the budget prepared at the end of 2022, the annual revenue at Port Moody BBQ & Grill in 2023 was forecasted to be $952,000. The fixed costs were forecasted to be $122,000 in 2023, and the variable...
-
In November this year Hailey reviewed her investment portfolio and decided to sell AGG mutual fund on December 22 to harvest a loss. Hailey purchased 500 AGG shares 5 years ago for $10,000 and she...
-
Consider the following hypothesis statement: H 0 : 1 2 = 2 2 H 1 : 1 2 2 2 State your conclusion given that 1 = 63, 2 = 41, n 1 = 25, n 2 = 28, and = 0.05.
-
Don Griffin worked as an accountant at a local accounting firm for five years after graduating from university. Recently, he opened his own accounting practice, which he operates as a corporation....
-
Comparative financial statements for Track Ltd. are shown below. Additional information: 1. All sales were on account. 2. The allowance for doubtful accounts was $5,000 in 2017, $4,000 in 2016, and...
-
Early in 2014, Nordstrom, Inc. began opening stores across Canada to compete against Hudson's Bay Company and other higher-end retailers. Selected financial data (in millions) for the two companies...
-
The financial statements of Corus Entertainment are shown in Appendix A at the end of this textbook. Instructions (a) Using vertical analysis, calculate the vertical percentage of a base amount for...
-
Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2023: Note: Loss amounts should be indicated by a minus sign. Stock Stock A Date Purchased 1/23/1999 Basis...
-
Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity is defined as 38 setups and 38,000 machine hours to manufacture 9,500 units for the year. Selected data...
-
Accounting records for The Ralston Company show the following for the most recent fiscal year: Units produced and sold 59,500 Total revenues and costs Sales revenue $ 371,600 Direct materials costs...
Study smarter with the SolutionInn App