Match the cash account with my bank account using the T accounts. Please watch the Accounting Review
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Please watch the Accounting Review Video II and journalize the following events. Don't forget to create "T" accounts as shown in the video. Please, try your best, that's the best way to learn! Don't worry if you get confused! Try! I will give you full credit! Remember I will upload a video with answers. Remember, you can take a picture of your notes or use any of your preference. Went to Wells Fargo and got a $20,000 loan Bought a MacBook ($1,400) paid 50% cash Bought Office Supplies ($200) we paid cash Paid Office Rent ($300 cash) Provided consulting services, client paid us $3,000 cash Hired Marina De La Vega and paid her salary ($450) Paid El Paso Electric bill ($200) Went to Loves gas station and added fuel to our car ($45) Please watch the Accounting Review Video II and journalize the following events. Don't forget to create "T" accounts as shown in the video. Please, try your best, that's the best way to learn! Don't worry if you get confused! Try! I will give you full credit! Remember I will upload a video with answers. Remember, you can take a picture of your notes or use any of your preference. Went to Wells Fargo and got a $20,000 loan Bought a MacBook ($1,400) paid 50% cash Bought Office Supplies ($200) we paid cash Paid Office Rent ($300 cash) Provided consulting services, client paid us $3,000 cash Hired Marina De La Vega and paid her salary ($450) Paid El Paso Electric bill ($200) Went to Loves gas station and added fuel to our car ($45)
Expert 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
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
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...
-
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...
-
Research serves as a guide by which to study, describe, and quantify an array of social and physical phenomenon. Theory, which is best described as a set of propositions or hypotheses that specify...
-
Distinguish planning decision from control decision?
-
Compute forecasts, standard errors of forecast errors, and interval forecasts from a multiple regression model.
-
Many extraction systems are partially miscible at high concentrations of solute but close to immiscible at low solute concentrations. At relatively low solute concentrations both McCabe-Thiele and...
-
Refer to the financial statements and other data in Problem 16-11. Assume that you have just inherited several hundred shares of Modern Building Supply stock. Not being acquainted with the company,...
-
Plant management costs, $1,992,000 per year Cost of leasing equipment, $2,856,000 per year Workers' wages, $600 per Surfer vehicle produced Direct materials costs: Steel, $1,700 per Surfer; Tires,...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Pearl Inc. provided you with the following information pertaining to its 2020 fiscal year end: Current service cost $136,000 Return on plan assets (actual) 218,000 Defined benefit obligation, January...
-
You are the regional vice president of a midsize healthcare system in West Hadlev. A wealthy philanthropist has served with you for years on the system's board. Recently, his youngest brother in...
-
"Analyzing Business Goals and Constraints," you first learned about ElectroMyCycle, a manufacturer of electric motorcycles. Now, ElectroMyCycle has chosen you to design a new network that will let...
-
Q16 A16 a) Why is area classification necessary? (1 mark) b) Which Zone classification is the most hazardous? (1 mark) c) List two basic approaches to Practical Explosion Protection. (2 marks)...
-
If you were called upon to advise the GAP INC. CEO of the next steps to take, what strategies would you advise? Remember to provide support and a thorough evaluation for your recommendations that...
-
how to calculate a rod and bore diamater given extension force, retraction force and assumed pressure.
-
There is a bonus with the following characteristics: nominal value $98.650.000 annual coupon rate 4.5% term 5 years, tir 6.5% A) Calculate the price of the bond assuming it is zero coupon B)...
-
Suppose the market is semistrong form efficient. Can you expect to earn excess returns if you make trades based on? a. Your brokers information about record earnings for a stock? b. Rumors about a...
-
Mike sells his home to Jane on April 2, 2012. Jane pays the property taxes covering the full calendar year in October, which amount to $2,500. How much may Mike and Jane each deduct for property...
-
In 2012, Gale and Cathy Alexander hosted an exchange student, Axel Muller, for 9 months. Axel was part of International Student Exchange Programs (a qualified organization). Axel attended tenth grade...
-
Jenny earns $34,500 in 2012. Calculate the FICA tax that must be paid by: Jenny: ..............................Soc,Sec. ..................$______________...
-
The Dewey Construction Company processes its payroll transactions to update both its payroll master file and its work-in-process master file in the same computer run. Both the payroll master file and...
-
Prepare a document flowchart to reflect how ANGIC Insurance Company processes its casualty claims. The process begins when the claims department receives a notice of loss from a claimant. Claims...
-
Beccan Company is a discount tire dealer operating 25 retail stores in the metropolitan area. Beccan sells both private-brand and name-brand tires. The company operates a centralized purchasing and...
Study smarter with the SolutionInn App