Journalize the entry on October 19 for cash received for services rendered, $8,774. If an amount...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Journalize the entry on October 19 for cash received for services rendered, $8,774. If an amount box does not require an entry, leave it blank. Oct. 19 Cash Fees Earned Feedback Check My Work ✓ Check My Work ✓ Q Search 8,774 First, identify what account is used and then what type of account is used. Every account is either an asset, liability, stockholders' equity, dividends, revenue, or expense account. Then determine whether the account increases or decreases. Each increase or decrease is recorded as a debit or credit following the rules of debit and credit (See Exhibit 3). Remember total debits should equal total credits in your entry. 00 R Previousing DI Journalize the entry on October 19 for cash received for services rendered, $8,774. If an amount box does not require an entry, leave it blank. Oct. 19 Cash Fees Earned Feedback Check My Work ✓ Check My Work ✓ Q Search 8,774 First, identify what account is used and then what type of account is used. Every account is either an asset, liability, stockholders' equity, dividends, revenue, or expense account. Then determine whether the account increases or decreases. Each increase or decrease is recorded as a debit or credit following the rules of debit and credit (See Exhibit 3). Remember total debits should equal total credits in your entry. 00 R Previousing DI
Expert Answer:
Answer rating: 100% (QA)
Heres the journal entry for the cash received for services r... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
1. Based on the following information, what can you conclude regarding Firm A's profitability? Gross profit margin Operating profit margin Firm A 0.87 0.34 Industry Average 0.90 0.21 2. If cash...
-
A car travels from town A to town B 50 km east, then to town C 40 km south, and then to town D 120 km west. Determine the resultant displacement of the car? A R D O 60 km to the south-west 72 km to...
-
Jennifer decides to go on holiday to Australia for 10 days. As an employee of Microsoft Jennifer has been granted access to the use of a company work-related vehicle from Monday through to Fridays....
-
The acquisition committee of KE plc is considering making takeover bids for two competitors, Scot plc, a listed company, and Ring Ltd. Summarised financial data is given below for these companies....
-
Three electric resistance heaters of length L = 250 mm and diameter D = 25 mm are submerged in a 10 gallon tank of water, which is initially at 295 K. The water may be assumed to have a density and...
-
What is India's role in the global economy Explain Briefly and provide references?
-
When should the data preparation process start and why?
-
Birk Camera Shop Inc. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31. Instructions What amount should be reported on Birk Camera Shops...
-
Construct a decision tree for a binary search of these ordered names: 3, 5, 10, 14, 25, 33, 56, 72, 90. What is the height of the tree? (4 +1 marks) What day of the week did/does your birthday fall...
-
At the end of the fiscal year, the Precision Computer Centre has a $21,620 balance in Accounts Receivable. Here is a current schedule of accounts receivable: Assignment Although Accu Pacs account is...
-
Ask by using Modal verbs: You want to use your friend's phone. Ask him. You are very hot. You want to take off your PPE. Ask the supervisor. You must carry a heavy pipe. Ask someone to help you with...
-
Which of the following represents the proper order of personality development, according to Freud? a. Oral, phallic, latency, anal, genital b. Anal, oral, phallic, genital, latency c. Oral, anal,...
-
__________approaches state that behavior is motivated primarily by unconscious forces.
-
The ledger accounts of Dar Al Fatina show the following account balances as of March 31, 20X6. Prepare a trial balance for the company as of the same date. Accounts Payable Accounts Receivable Cash...
-
A ____________________, or person who agrees with the dissenting viewpoint, is likely to reduce conformity.
-
A person shown a picture and asked to make up a story about it would be taking a __________personality test.
-
1- Social deviance is a breach of ________; crime is a breach of________. a. society; persons b. norms; law c. propriety; decency d. private norms; public norms 2- J. P. Morgan trader Bruno Iksil...
-
A fuel pump sends gasoline from a car's fuel tank to the engine at a rate of 5.88 10-2 kg/s. The density of the gasoline is 735 kg/m3, and the radius of the fuel line is 3.18 10-3 m. What is the...
-
John Fuji (age 37) moved from California to Washington in December 2011. He lives at 468 Cameo Street, Yakima, WA 98901. John's Social Security number is 571-78-5974 and he is single. His earnings...
-
Larry Gaines, age 42, sells his personal residence on November 12, 2012, for $144,000. He lived in the house for 7 years. The expenses of the sale are $10,500, and he has made capital improvements of...
-
Kent Pham, CPA, is a 45-year-old single taxpayer living at 169 Trendie Street, La Jolla, CA 92037. His Social Security number is 865-68-9635. In 2012, Kent's W-2 as the controller of a local...
-
Consider the following time series data. a. Construct a time series plot. What type of pattern exists in the data? b. Show the four-quarter and centered moving average values for this time series. c....
-
Refer to exercise 35. a. Deseasonalize the time series using the adjusted seasonal indexes computed in part (c) of exercise 35. b. Using Minitab or Excel, compute the linear trend regression equation...
-
The following table reports prices and usage quantities for two items in 2009 and 2011. a. Compute price relatives for each item in 2011 using 2009 as the base period. b. Compute an unweighted...
Study smarter with the SolutionInn App