Ann Wright, Paralegal, billed Client #7 re Small Claims Matter $600 (including HST) on invoice #007. a)

Fantastic news! We've Found the answer you've been seeking!

Question:

Ann Wright, Paralegal, billed Client #7 re Small Claims Matter $600 (including HST) on invoice #007.

a) What special journal(s) should Ann Wright use to record the transaction?Explain.

b )What ledger account(s) should be used to post from the journal entry (entries)?

Hint: provide the ledger account name, the chart of account code from the textbook, and whether it is DR or CR record entry

Related Book For answer-question

Intermediate Accounting

ISBN: 978-1259548185

8th edition

Authors: David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

See More Books

Posted Date: Mar 09, 2024 12:53 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Which of the following is necessary for a firm to practice price discrimination? (A) The government strictly enforces antitrust laws. (B) The firm is a member of a cartel. (C) The firm can prevent...
The following are transactions of Albert Sing, an interior design consultant, for the month of September 2011. Sept. 1 Albert Sing begins business as an interior design consultant, investing $31,000...
Consider an atom diffuses in a 3 D simple cubic lattice by a random walk mechanism. The atom jumps 6 x 1 0 - 5 times per second at 3 0 0 K and 3 x 1 0 4 times per second at 6 0 0 K . Assuming that...
The City of Stockholm authorized construction of a $600,000 addition to the municipal building in September 2016. The addition will be financed by $200,000 from the general fund and a $400,000 serial...
Refer to Practices 23-1 and 23-3. Compute times interest earned for Year 1, Year 2, and Year 3 for Company A. Refer To 23-1 Company A reported the following income statement data for the most recent...
A university pumps its water from wells located on campus. The falling water table has caused pumping costs to increase, the quantity of water available to decrease, and the quality of water to...
Pacific Ink had beginning work-in-process inventory of $744,960 on October 1. Of this amount, $304,920 was the cost of direct materials and $440,040 was the cost of conversion. The 48,000 units in...
How much energy does a male Jackson's widowbird of mass 45 g expend when jumping to a height of 1.0 m during its mating ritual? Neglect all losses due to air resistance
Design the psuedocode logic for a program that reads sales data from sales.dat file and calculate the total sales and the average of sales, and then display the results. Assume that the sales.dat...
Define the following terms bond. preferred stock. warrant. common stock.
Consider whether the transactions described below qualify as a tax-free reorganization. Assume in all cases that P is the acquiring corporation, T is the target corporation and S is a newly formed...
What are the three functions of Server Message Block (SMB)? (3 marks) Why is DHCP for IPv4 preferred for use on large networks? (1 mark) What type of attack may involve the use of tools such as...
Recall the definitions of the actuarial notations. Prove the following identities: (a) a| + Snt = vt sm for 0tn. (b) v2v2 + 3v3 + +2v2n2+v2n-1 + (n 1)vn1 + nv + (n 1)vn+1 + (n 2)vn+2 + ann. (c)...
Egg & Butter Sdn. Bhd. (EBSD) manufactures high quality biscuits that are sold to hotels and restaurants in Kuching, Sarawak. Two months ago, EBSD had prepared a budget for the forthcoming financial...
d) Suppose you are provided the following data by census department of Peshawar city for following years: Year 1970 1980 1990 2000 2010 Population 650,000 780,000 950,000 1,200,000 225,000 Being a...
Michelles trust is subject to 3.8% surtax on the lesser of the trusts net investment income or the excess of the trusts adjusted gross income over the $12,400 threshold (the highest trust tax rate)....
Refer to the financial statements and related disclosure notes of PetSmart in Appendix B located at the back of the text. Required: 1. What categories does the company use to classify its assets? its...
Refer to the financial statements and related disclosure notes of PetSmart Inc. in Appendix B located at the back of the text. www.petsmart.com. Required: 1. What type of pension plan does PetSmart...
Identify the accounting concept that was violated in each of the following situations. I. Pastel Paint Company purchased land two years ago at a price of $250.000. Because the value of the land has...
Consider the electrical circuit shown below where $v_{i}(t)=\beta$, for $t \geq 0$. Find the dynamic system response $v_{o}(t)$. VC C ww R V;(t) R ww R3 A First-Order Electrical System Vo (t) +
Find the dynamic system response for the spring mass damping system shown in Figure 3.2, where $f(t)=\beta, x(0)=0$ (i.e. there is no initial energy stored). b f(t) k Figure 3.2 A first-order...
Consider a first-order system with a forcing function $f(t)$ such that input-output differential equation is given by \[\begin{equation*}\dot{y}+3 y=f(t) \text {, } \tag{3.7}\end{equation*}\] where...

Ann Wright, Paralegal, billed Client #7 re Small Claims Matter $600 (including HST) on invoice #007. a)

Question:

Expert Answer:

a Ann Wright should use the Cash Receipts Journal to record the transaction The ... View the full answer

Intermediate Accounting

Students also viewed these accounting questions