DATE TRANSACTIONS September 1 Issued Check 1101 for $950 to pay the September rent. September 5...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
DATE TRANSACTIONS September 1 Issued Check 1101 for $950 to pay the September rent. September 5 Performed services for $3,450 in cash. September 6 Performed services for $2,300 on credit. September 10 Paid $510 for monthly telephone bill; issued Check 1102. September 11 Paid for equipment repairs of $750 with Check 1103.. September 12 Received $2,750 on account from credit clients. September 15 Issued Checks 1104-1109 for $3,750 for salaries. September 18 Issued Check 1110 for $1,550 to purchase supplies. September 19 Purchased new tennis rackets for $1,800 on credit from Tennis Supply Shop; received Invoice 8013, payable in 30 days. September 20 Issued Check 1111 for $2,670 to purchase new nets. (Equipment) September 21 Received $860 on account from credit clients. September 21 Returned damaged nets and received a cash refund of $360. September 22 Performed services for $3,450 in cash. September 23 Performed services for $5,040 on credit. September 26 Issued Check 1112 for $650 to purchase supplies. September 28 Paid the monthly electric bill of $2,440 with Check 1113. September 30 Issued Checks 1114-1119 for $3,750 for salaries. September 30 Issued Check 1120 for $3,750 cash to Christopher Foster for personal expenses.. DATE TRANSACTIONS September 1 Issued Check 1101 for $950 to pay the September rent. September 5 Performed services for $3,450 in cash. September 6 Performed services for $2,300 on credit. September 10 Paid $510 for monthly telephone bill; issued Check 1102. September 11 Paid for equipment repairs of $750 with Check 1103. September 12 Received $2,750 on account from credit clients.. September 15 Issued Checks 1104-1109 for $3,750 for salaries. September 18 Issued Check 1110 for $1,550 to purchase supplies. September 19 Purchased new tennis rackets for $1,800 on credit from Tennis Supply Shop; received Invoice 8013, payable in 30 days. September 20 Issued Check 1111 for $2,670 to purchase new nets. (Equipment) September 21 Received $860 on account from credit clients. September 21 Returned damaged nets and received a cash refund of $360. September 22 Performed services for $3,450 in cash. September 23 Performed services for $5,040 on credit. September 26 Issued. Check 1112 for $650 to purchase supplies. September 28 Paid the monthly electric bill of $2,440 with Check 1113. September 30 Issued Checks 1114-1119 for $3,750 for salaries.. September 30 Issued Check 1120 for $3,750 cash to Christopher Foster for personal expenses. Required: Record each of the above transactions in the general journal. Analyze: If the company paid a bill for supplies on October 1, what check number would be included in the journal entry description? DATE TRANSACTIONS September 1 Issued Check 1101 for $950 to pay the September rent. September 5 Performed services for $3,450 in cash. September 6 Performed services for $2,300 on credit. September 10 Paid $510 for monthly telephone bill; issued Check 1102. September 11 Paid for equipment repairs of $750 with Check 1103.. September 12 Received $2,750 on account from credit clients. September 15 Issued Checks 1104-1109 for $3,750 for salaries. September 18 Issued Check 1110 for $1,550 to purchase supplies. September 19 Purchased new tennis rackets for $1,800 on credit from Tennis Supply Shop; received Invoice 8013, payable in 30 days. September 20 Issued Check 1111 for $2,670 to purchase new nets. (Equipment) September 21 Received $860 on account from credit clients. September 21 Returned damaged nets and received a cash refund of $360. September 22 Performed services for $3,450 in cash. September 23 Performed services for $5,040 on credit. September 26 Issued Check 1112 for $650 to purchase supplies. September 28 Paid the monthly electric bill of $2,440 with Check 1113. September 30 Issued Checks 1114-1119 for $3,750 for salaries. September 30 Issued Check 1120 for $3,750 cash to Christopher Foster for personal expenses.. DATE TRANSACTIONS September 1 Issued Check 1101 for $950 to pay the September rent. September 5 Performed services for $3,450 in cash. September 6 Performed services for $2,300 on credit. September 10 Paid $510 for monthly telephone bill; issued Check 1102. September 11 Paid for equipment repairs of $750 with Check 1103. September 12 Received $2,750 on account from credit clients.. September 15 Issued Checks 1104-1109 for $3,750 for salaries. September 18 Issued Check 1110 for $1,550 to purchase supplies. September 19 Purchased new tennis rackets for $1,800 on credit from Tennis Supply Shop; received Invoice 8013, payable in 30 days. September 20 Issued Check 1111 for $2,670 to purchase new nets. (Equipment) September 21 Received $860 on account from credit clients. September 21 Returned damaged nets and received a cash refund of $360. September 22 Performed services for $3,450 in cash. September 23 Performed services for $5,040 on credit. September 26 Issued. Check 1112 for $650 to purchase supplies. September 28 Paid the monthly electric bill of $2,440 with Check 1113. September 30 Issued Checks 1114-1119 for $3,750 for salaries.. September 30 Issued Check 1120 for $3,750 cash to Christopher Foster for personal expenses. Required: Record each of the above transactions in the general journal. Analyze: If the company paid a bill for supplies on October 1, what check number would be included in the journal entry description?
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Q Ltd prepares accounts to 31 March each year. The company made the following two disposals of chargeable assets during the year to 31 March 2021: (1) 1,250 shares in Hentic Ltd were sold on 28 June...
-
In an equity research report, an analyst calculates a forward earnings yield of 12 percent. Noting that this yield is considerably higher than the 7 percent yield on a 10-year Treasury, she heads her...
-
A feedback system is shown in Figure E5.14. (a) Determine the steady-state error for a unit step when K = 0.4 and Gp(s) = 1. (b) Select an appropriate value for Gp(s) so that the steady-state error...
-
The Claremont Corporation invests its excess cash in low-risk, dividend-paying equity securities until such funds are needed to support operations. At the beginning of the year, the companys...
-
Mikato Company's annual accounting period ends on June 30, 2012. Mikato makes adjusting journal entries semiannually, and the following information applies to all necessary adjusting journal entries...
-
Objectives: Configure a router with a name, interface IP address and loopback interface creation. Configure VTY/Secret passwords . Configure access links from routers to a switch (within the same...
-
The mean wait time at Social Security Offices is 25 minutes with a standard deviation of 11 minutes. Use this information to answer the following questions: A. If you randomly select 40 people what...
-
A sentimental consulting company is in charge of putting people who could have an affinity in contact so that they can meet. For this they have a program in C++ (thousands of lines of code) that is...
-
You will draft a client-server system for writing/storing notes. Each note has an ID (integer), a title (short text), and a body (long text). A client can has three kinds of requests to the server:...
-
We can link root cause analysis to a culture of safety. In today's world of quality, organizations that embrace a "no blame" policy are better equipped to open communication when things go wrong. ...
-
In the interval [-7, 7] the function d,, is defined: Sn(x) = n for 0 for = x <1/(2n) x>1/(2n) (a) Find the Fourier series of dn(x) as a Fourier cosine and sine expansion. (b) Simplify your result (a)...
-
For driving a Nissan Leaf BEV car (energy consumption 17 kWh/(100 km)), based on UK average CO2 level from electricity mix, how much CO2 is produced for driving 80 km?
-
1. What has Congress told the CPSC to do in its enabling act? Is this a clear enough mandate to guide the agency? What could Congress do if the CPSC does something that may be outside of the scope of...
-
In a paragraph of approximately 150-200 words, analyze a film or TV/Streaming Show poster of your choosing by focusing on the ways in which representations in the poster are gendered. Include an...
-
C. Gomez, corporate engineer of Allied Products Ltd. is proposing the replacement of existing equipment with more efficient equipment. According to information received by Gomez, the proposed...
-
Match each of the following descriptions, a through \(h\), with a capital budgeting method: (1) payback method, (2) net present value, (3) profitability index, or (4) internal rate of return. More...
-
SavingsPlus Inc. is considering an investment in computer technology. The project would require an initial investment of \(\$ 240,000\) and have an expected life of six years with no salvage value....
Study smarter with the SolutionInn App