for the following journal entries, please post these creating a general ledger (with T accounts) thank you
Fantastic news! We've Found the answer you've been seeking!
Question:
for the following journal entries, please post these creating a general ledger (with T accounts) thank you
Transcribed Image Text:
1-Nov Salary Expense Payables-salaries and wages 2-Nov Inventory raw materials Inventory trading goods Accounts Payable $110,000.00 $110,000.00 $ 37,468.00 $ 55,692.00 $ 92,820.00 3-Nov Accounts Receivable $ 22,000.00 Sales Revenue $ 22,000.00 COGS $ 15,810.00 Inventory-finished goods $ 15,810.00 4-Nov Cash $ 16,850.00 Accounts Receivable $ 16,850.00 5-Nov Utilities Expense $ 988.00 S Accrued Expenses 988.00 6-Nov Advertising Expense $ 1,000.00 Prepaid Advertising $ 1,000.00 7-Nov Inventory operating supplies $ 350.00 Accounts Payble $ 350.00 8-Nov inventory raw materials $ 99,148.00 Accounts payable $ 99,148.00 9-Nov Cash Sales Discount Accounts receivable $ 21,560.00 $ 440.00 $ 21,560.00 1-Nov Salary Expense Payables-salaries and wages 2-Nov Inventory raw materials Inventory trading goods Accounts Payable $110,000.00 $110,000.00 $ 37,468.00 $ 55,692.00 $ 92,820.00 3-Nov Accounts Receivable $ 22,000.00 Sales Revenue $ 22,000.00 COGS $ 15,810.00 Inventory-finished goods $ 15,810.00 4-Nov Cash $ 16,850.00 Accounts Receivable $ 16,850.00 5-Nov Utilities Expense $ 988.00 S Accrued Expenses 988.00 6-Nov Advertising Expense $ 1,000.00 Prepaid Advertising $ 1,000.00 7-Nov Inventory operating supplies $ 350.00 Accounts Payble $ 350.00 8-Nov inventory raw materials $ 99,148.00 Accounts payable $ 99,148.00 9-Nov Cash Sales Discount Accounts receivable $ 21,560.00 $ 440.00 $ 21,560.00
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Explain why a decline in investment spending caused by a change in business expectations leads to a fall in consumer spending.
-
1. Based on the background information, what are the highest and lowest values of the stock based on P/E ratios? 2. What has been the firms earnings growth rate (i.e., the rate of growth from $6.70...
-
Abrey, Inc. has the following cost data for Product X: Direct materials ............$ 41 per unit Direct labor ............ 60 per unit Variable manufacturing overhead .... 8 per unit Fixed...
-
During 2016, The Alberta Oil & Gas Company began an exploration project in Montana. The company had paid \($500,000\) for the drilling rights on a tract of 500 acres of land. The company then spent...
-
Liability Errors you are the independent auditor engaged to audit Millay Corporations December 31, 2010, financial statements. Millay manufactures household appliances. During the course of your...
-
A researcher wanted to test the effectiveness of three different doses of medication on depression levels, so she recruited 60 people and split them evenly into the 3 groups. Below an ANOVA summary...
-
You are an associate attorney for a law firm in your home state. Your senior partner has a client who is getting a divorce. The client is Mrs. Jane Doe. She and her husband, Bob Doe, were married in...
-
How is the internal audit report important to the following groups: The auditors? Operating management? Top management? External auditors? Government regulators?
-
Audrey Pearce is an audit partner of Pearce Green, a firm of accountants. She is considering audit risk at the overall financial statement level in planning the audit for the finance company Homes...
-
Describe how the audit report reflects the competence and professional image of the internal auditor.
-
You are currently planning the 30 June 20X11 audit of Treelop Ltd, an Australian owned company that produces and exports woodchips to Japan. Treelops operations are in Warrenup, in the south-west...
-
What are the key factors to conducting a successful closing conference? What is a successtul closing conference?
-
3. b) A gas is composed of 30.4% N and 69.6% O. Its density is 11.1 g/L at (-20C) and 2.5 atm. What are the emprical and molecular formulas of the gas? (N: 14.0 g/mol, O: 16.0 g/mol) R: 0.0821...
-
Sue Deliveau opened a software consulting firm that immediately paid $2,000 for a computer. Was this event a transaction for the business?
-
What privacy concerns might arise from the use of biometric authentication techniques? What about the embedding of RFID tags in products such as clothing?
-
Segregation of duties is essential to good internal control. Increasingly, computer systems automatically authorize and record transactions, such as generating pur chase orders whenever the quantity...
-
Enter the data in Table 8-4 into a spreadsheet and perform the following tasks: Required a. Calculate an example of these batch totals: a hash total a financial total a record count b. For each of...
Study smarter with the SolutionInn App