Prepare journal entries of the following transactions. June 1 2008 June 2 2008 June 3
Fantastic news! We've Found the answer you've been seeking!
Question:
Prepare journal entries of the following transactions.
Transcribed Image Text:
• June 1 2008 • June 2 2008 • June 3 2008 • June 5 2008 • June 10 2008 • June 20 2008 • June 25 2008 commenced business with a cash of $20,000 Paid rent expense by cheque $750 Purchased stock of books 1,500 and paid by cheque Bought Office Furniture $2,400 paid cheque. Bought computer $1,250 paid by cash. Sold books for cash $850.00 paid cash into bank $1,750 • June 1 2008 • June 2 2008 • June 3 2008 • June 5 2008 • June 10 2008 • June 20 2008 • June 25 2008 commenced business with a cash of $20,000 Paid rent expense by cheque $750 Purchased stock of books 1,500 and paid by cheque Bought Office Furniture $2,400 paid cheque. Bought computer $1,250 paid by cash. Sold books for cash $850.00 paid cash into bank $1,750
Expert Answer:
Answer rating: 100% (QA)
Date June 1 2008 June 3 2008 June 5 2008 Cash AC To Capital AC June Purchase ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Prepare General journal June 1 2008 commenced business with a cash of 20,000 June 2 2008 paid rent expense by cheque 750 June 3 2008 Purchase stock of books 1,500 and paid by cheque June 5 2008...
-
Wizard Computers is a retail business dealing in sales of computers and equipment. In addition, the company provides installation and servicing of computer systems. The clientele includes wholesale...
-
Auditor of Amron Ltd has directed by the audit firm to complete the audit of Bills receivables for the year ending 31" December 2019. The manager of the internal control system has informed that a...
-
Solve the Given Requirements by using this Equation: Tangent Lines and Derivatives. x + cos y = 1 a) Find dy b) Evaluate at dx c) Draw the tangent line at 35 1 y = 0 -1 -2 05 1.5 d) Write the...
-
Determine the matrix inverse for Example 11.1 based on the LU decomposition and unit vectors.
-
Independent Contractor or Agent Frankie and Trena Gibbs and Joel and Madeira Glenn were members of the same church, which both couples attended. The church held a fundraiser whereby members would...
-
Which of the following is most crucial to a purchasing department? a. Authorizing the acquisition of goods. b. Assuring the quality of goods acquired. c. Verifying the propriety of goods acquired. d....
-
Seymour Clothing Co. manufactures a variety of clothing types for distribution to several major retail chains. The following costs are incurred in the production and sale of blue jeans: a. Shipping...
-
Problem 1) Moving line charge [50 points] An infinitely long, straight line coincides with the x-axis and carries a uniform line charge density = +50 m . m The line charge moves with constant speed v...
-
Find the transfer function, G(s) = V o (s)/V i (s), for each operational amplifier circuit shown in Figure P2.7. 100 kQ 2 F 500 k2 2 F 100 k2 100 k2 2 F (1)'a 100 k2 2 uF (b)
-
Dragan is an ordained minister. He moved to Memphis and lives in the nearby furnished parsonage, which is 1,500 square feet. His previous role was in Philadelphia; the fair rental value (FRV) of his...
-
You buy a 7 percent semi-annual coupon, 20-year maturity bond today. The bond has a par value of $1,000. The YTM on the bond is 15 percent. What is the price of the bond? Is this a premium or a...
-
Upon further investigation it is found that there is a significant chance that the expected sales volume of 20,000 units per year will not be achieved. The sales manager of Umunat Inc suggests that...
-
A bank pays a floating rate of interest on deposits (i.e. liabilities) and earns a fixed rate of interest on loans (i.e. assets). This mismatch between assets and liabilities can cause tremendous...
-
Suppose the estimated logit model is Z=6.165.36X - 3.14X2 + error where X, is cash flow to debt ratio and X2 is current assets to current liability Borrower Borrower A Borrower B 0.14 0.38 X2 2.55...
-
Janet buys a one-year put and a one-year call on a share of XYZ stock according to the following information: option put call strike price $55 $55 option premium $4.13 $6.75 XYZ does not pay any...
-
Builtrite currently has a $1000 par, 10-year maturity.Zero coupon bond outstanding that is selling for $331. What is the bonds yield to maturity?
-
Write an essay describing the differing approaches of nursing leaders and managers to issues in practice. To complete this assignment, do the following: 1. Select an issue from the following list:...
-
Astro Co. sold 20,000 units of its only product and incurred a $50,000 loss (ignoring taxes) for the current year, as shown here. During a planning session for year 2020s activities, the production...
-
On January 1, the $3,000,000 par value bonds of Spitz Company with a carrying value of $3,000,000 are converted to 1,000,000 shares of $1 par value common stock. Record the entry for the conversion...
-
Ancore Company had no trading debt securities prior to this year. It had the following transactions this year involving trading debt securities. Required 1. Prepare journal entries to record these...
-
The equation of motion of a nonlinear system is given by \[\ddot{x}+c \dot{x}+k_{1} x+k_{2} x^{2}=a \cos 2 \omega t\] Investigate the subharmonic solution of order 2 for this system.
-
Derive Eqs. (13.113b) and (13.116b) for the Mathieu equation. Equation 13.113b and 13.116b:- a 11 + E 62 - 8 + (13.113b)
-
a. Nonlinearity in mass b. Nonlinearity in damping c. Linear equation d. Nonlinearity in spring \(\ddot{x}+c \dot{x}+k x=a x^{3}\)
Study smarter with the SolutionInn App