Question: Alignment 110 H X f E F G Name: Date: Exercise 4.4 Compound journal entries. Objective 2) The following transactions took place at the Cortez's

Alignment 110 H X f E F G Name: Date: Exercise 4.4 Compound journal entries. Objective 2) The following transactions took place at the Cortez's Leading Ladies during November 2010. Record the general journal entries that would be made for these transactions. Use a compound entry for each transaction (Omit the "$" sign in your response. DATE TRANSACTIONS Nov 5 Perfomed services for Talent Search, Inc. for 530.000received $18.400 in cash and the client promised to pay the balance in 30 days. 18 Purchased a graphing calculator for $390 and some supplies for $485 from Office Supplicissued Check 1008 for the total 23 Received Invoice 1602 for $1.000 from Automotive Technicians Repair for repairs to the firm's automobile issued Check 1009 for half the amount and arranged to pay the other half in 30 days (Explanations Required. Skip a line between JE's.) Account Description PR DE Data CE

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

BC Name: Date: Exercise 4.4 Compound journal entries. (Objective 21 The following transactions took place at the Cortez's Leading Ladies during November 2010. Record the general journal entries that...

1. Aug 1 - Great Adventures obtains $30000, low intrest loan for the company. Loan is Due in 3 Years and 6% annual intrest is due each year on July 31 2. Aug 4 - The Comapny purchases 14 kayaks,...

Paste F5 A fix The following transactions took place during April 20- Apr 1 Jack Zeeman invested cash in business, $90,000. B Merge & Center Apr 1 0 Apr 2 1 2 Apr 21 Apr 2 13 Apr 3 14 Apr 5 15 Apr 7...

Intelligent Toys, Inc (ITI) is a well establish toys trading company which adopts the periodic system. ITI prepares its financial statements on a monthly basis. The trial balance of ITI as at 28 uary...

Intelligent Toys, Inc (ITI) is a well establish toys trading company which adopts the periodic system. ITI prepares its financial statements on a monthly basis. The trial balance of ITI as at 28...

Hi, This subject is financial accounting, here is a short essay type question, approximately 5 paragraphs. ''Drawing on private interest theory, what powers do you believe the Australian Accounting...

I've attached the assignment as a word file, thanks! JWCL165_c07_304-355.qxd 7/31/09 2:05 PM Page 304 7 Fraud, Internal Control, and Cash Chapter STUDY OBJECTIVES After studying this chapter, you...

Summative Project BAF3M Financial Accounting Fundamentals Introduction This is a simulation of the accounting cycle of a merchandising business. It is part of the summative evaluation.You are the...

updated ALL instruction before and! ABC Corporation is a new that brytand elle office care less may 1, 2021 Gre the fint we are ABC12/31/21 nadened Trance and Int of vided adjustment Make 14 pete the...

Consider the following problem. Maximize Z = 2x 1 x 2 + x 3 , Subject to and x 1 0, x 2 0, x 3 0. After slack variables are introduced and then one complete iteration of the simplex method is...

You are a fraud examiner who has been hired by Bellevue Company to carry out an investigation. Bellevue is a beverage company that has experienced increased shipments of beverages but no increase in...

Shwonson Industries reported a deferred tax asset of $ 8 . 5 0 million for the year ended December 3 1 , 2 0 2 3 , related to a temporary difference of $ 3 4 million. The tax rate was 2 5 % . The...

what are Amazon's major strengths? dDoes it have any weakness? please explain.

1. Interview both a line manager and an HR manager and try to establish what roles they play in relation to grievance and discipline handling in the workplace. How do your fi ndings compare with what...

design a simple disciplinary and grievance procedure.

4. What can the employer do to ensure the successful return of the expatriate and what responsibilities does the employer have for the successful repatriation of the expatriates family?