Instructions: Below are the November transactions for Carlos Tele Clock Repair Store. Record the transactions in...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Instructions: Below are the November transactions for Carlos Tele Clock Repair Store. Record the transactions in the general journal form. Invested $7,000 cash and equipment with a book value of $2,800. Paid first month's rent, $700. Cash repairs, $1,400. Nov. 1 3 5 7 8 8 11 12 15 17 19 21 22 25 26 29 Purchased supplies on account, $325. Repaired a grandfather clock on account, $900. Paid wages, $275. Purchased equipment, $550 cash. Cash repairs, $3,700. Purchased equipment on account, $400. Paid for advertising, $325. Withdrew $500 for personal expenses. Received $500 on account from Jan. 8 transaction. Paid wages, $325. Cash repairs, $3,400. Paid $400 on account from Jan. 15 transaction. Repaired a clock on account, $345. Instructions: Below are the November transactions for Carlos Tele Clock Repair Store. Record the transactions in the general journal form. Invested $7,000 cash and equipment with a book value of $2,800. Paid first month's rent, $700. Cash repairs, $1,400. Nov. 1 3 5 7 8 8 11 12 15 17 19 21 22 25 26 29 Purchased supplies on account, $325. Repaired a grandfather clock on account, $900. Paid wages, $275. Purchased equipment, $550 cash. Cash repairs, $3,700. Purchased equipment on account, $400. Paid for advertising, $325. Withdrew $500 for personal expenses. Received $500 on account from Jan. 8 transaction. Paid wages, $325. Cash repairs, $3,400. Paid $400 on account from Jan. 15 transaction. Repaired a clock on account, $345.
Expert Answer:
Answer rating: 100% (QA)
Carlos Tele Clock Repair Store General Journal November Date Description D... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
-
A researcher wanted to find out if there was difference between older movie goers and younger movie goers with respect to their estimates of a successful actors income. The researcher first...
-
In Exercises simplify the ratio of factorials. (n + 1)! n!
-
A point charge is surrounded by a spherical Gaussian surface of radius r. If the sphere is replaced by a cube of side r, will E be larger, smaller, or the same? Explain.
-
A light is to be placed atop a pole of height feet to illuminate a busy traffic circle, which has a radius of 40 ft. The intensity of illumination at any point P on the circle is directly...
-
Should family members serve on the same board?
-
During 2011, Lacee Enterprises had gross sales of $247,000. At the end of 2011, Lacee had accounts receivable of $83,000 and a credit balance of $5,600 in Allowance for Bad Debts. Lacee has used the...
-
What was the relationship between economic surprises and the 6-month percentage change in the S&P 500 from 2009 through the end of 2012? There does not appear to be any correlation between economic...
-
Over the past decades, China has emerged as a global economic powerhouse. In 2020, China was the second-largest economy after the United States, with a nominal GDP of $14.7 trillion. The state of...
-
The expected retail price is 179 Euro (or 188 USD approximately based on the exchange rate of 1 Euro for 1.05 USD) (a) If the product is sold in the US, what reference price should be used to...
-
Grove Audio is considering the introduction of a new model of wireless speakers with the following price and cost characteristics. Sales price $ 5 2 0 . 0 0 per unit Variable costs 2 8 0 . 0 0 per...
-
The senior accountant for Carlton Co., a public company with a complex capital structure, has just finished preparing Carltons income statement for the current fiscal year. While reviewing the income...
-
Suppose a gas is taken clockwise around a rectangular thermodynamics cycle. It goes from b , a , d , c and return to b . The following parameter are given: Q a to c = - 1 0 0 J , W a to c = - 6 0 J ,...
-
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month s budget appear below: Selling price per unit $ 2 6 Variable expense per unit $ 1 3 Fixed...
-
3. IS-MP/Phillips (20 pts). By 2021, vaccines were becoming available and it seemed that the country was moving past the Covid outbreak. Consumers were out shopping and travelling again. However,...
-
1 1 (a) Using a weight of for the most recent observation, for the second most recent observation, and 2 3 40 for third most recent observation, compute a three-week weighted moving average for the...
-
Choose two matrices A and B with dimension 2 x 2. Calculate det A, det B, and det (AB). Repeat this process until you are able to discover how these three determinants are related. Summarize your...
-
Digital Com Company, a communications equipment manufacturer, recently fell victim to a fraud scheme developed by one of its employees. To understand the scheme, it is necessary to review Digital...
-
From the choices presented in the parentheses, choose the appropriate term for completing each of the following sentences: a. Advertising expenses are usually viewed as (period, product) costs. b....
-
The following data were taken from the balance sheet of Bock SuppliersCompany: a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one...
-
The amounts of time (in months) that 16 stars of The Bachelorette and their chosen partner stayed together as of April 2021 are listed. 208 12 3 12 18 94 3 75 8 36 75 20 24 045
-
The six top-earning states in 2019 by median household income are listed. 1. Maryland 2. New Jersey 3. Hawaii 4. Massachusetts 5. Connecticut 6. Alaska
-
The ages of the Supreme Court justices as of April 7, 2021 In Exercises 25 and 26, find the range, mean, variance, and standard deviation of the population data set. 66 56 72 49 82 71 66 60 53
Study smarter with the SolutionInn App