Selected transactions from the journal of Marin Inc. during its first month of operations are presented...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Selected transactions from the journal of Marin Inc. during its first month of operations are presented here. Date Aug. 1 10 12 25 31 Account Titles Cash Common Stock Cash Service Revenue Equipment Cash Notes Payable Accounts Receivable Service Revenue Cash Accounts Receivable Debit 8,100 1,100 5,750 3,320 670 Credit 8,100 1,100 1,210 4,540 3,320 670 Aug. 1 V Aug. 10 V Aug. 25 Bal. Aug. 31 Bal. Aug. 12 Bal. Aug. 12 Bal. Aug. 1 Bal. Aug. 10 Aug. 25 V V V 8100 1100 3320 11310 3320 Accounts Receivable 2650 5750 5750 Equipment 4540 4540 Notes Payable Cash 8100 Aug. 1 8100 Common Stock Aug. 31 1100 3320 Service Revenue V V V v 1210 670 Selected transactions from the journal of Marin Inc. during its first month of operations are presented here. Date Aug. 1 10 12 25 31 Account Titles Cash Common Stock Cash Service Revenue Equipment Cash Notes Payable Accounts Receivable Service Revenue Cash Accounts Receivable Debit 8,100 1,100 5,750 3,320 670 Credit 8,100 1,100 1,210 4,540 3,320 670 Aug. 1 V Aug. 10 V Aug. 25 Bal. Aug. 31 Bal. Aug. 12 Bal. Aug. 12 Bal. Aug. 1 Bal. Aug. 10 Aug. 25 V V V 8100 1100 3320 11310 3320 Accounts Receivable 2650 5750 5750 Equipment 4540 4540 Notes Payable Cash 8100 Aug. 1 8100 Common Stock Aug. 31 1100 3320 Service Revenue V V V v 1210 670
Expert Answer:
Answer rating: 100% (QA)
Journal entries aPlant and equipment Dr 636 Cash Cr 636 being plant ... View the full answer
Related Book For
Business Statistics a decision making approach
ISBN: 978-0133021844
9th edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
Posted Date:
Students also viewed these accounting questions
-
The following activities and transactions are typical of those that may affect the various funds used by a typical municipal government. Required: Prepare journal entries to record each transaction...
-
The following activities and transactions are typical of those that may affect the various funds used by a typical municipal government. Required: Prepare journal entries to record each transaction...
-
Carleton Builders Ltd. recorded the following summarized transactions during the current year: a. The company originally sold and issued 100,000 common shares. During the current year, 94,000 of...
-
A partial statement of financial position of Century University is shown below. During the fiscal year ended June 30, 2011, the following transactions occurred: 1. A gift of $100,000 was received...
-
According to the Keynesian model, what is the effect of each of the following on output, the real interest rate, employment, and the price level? Distinguish between the short run and the long run....
-
What are the principal types of security interest?
-
Assume the same information as in question 4. Also assume that beginning work in process had \($6,000\) in conversion cost and that \($84,000\) in conversion is added during this period. What is the...
-
The Munchkin Theater is a nonprofit organization devoted to staging theater productions of plays for children in Toronto, Canada. The theater has a very small full-time professional administrative...
-
ELLA'S ELECTRONICS ACCOUNTING PROJECT PART 2Adjusting InformationAt the end of February, the following information is determined:a. One month of the business insurance coverage has expired.b. At the...
-
A rotary worktable is driven by a Geneva mechanism with five slots. The driver rotates at 48 rev/min. Determine (a) The cycle time, (b) Available process time, and (c) Indexing time each cycle.
-
The intensity of light (in foot -candles ) varies inversely as the square of x, the distance in feet from the light source. The intensity of light 2 feet from the source is 16 foot -candles. How far...
-
public class JavaStudents { } int id; String name; String city; JavaStudents (int id, String name, String city) { this.id=id; this.name=name; this.city-city; } public static void main(String args[])...
-
Write a program based on the state diagram below. The program reads RPM & Speed and decides the next state. Use a loop to continuously ask for inputs until the user quits. Display the RPM, speed,...
-
26. Graph these functions. (a) g[n]=2u[n+2] (b) g[n]=u[5n] (c) g[n]=-2 ramp[n]
-
3. What does the following function do? struct thing { }; int value; struct thing *next;B int check3 (struct thing *node) { } if (!node) return 0; return check3 (node->next) +1;
-
Let = {a, b}. Give recursive definitions for the following languages over . c) Give a recursive definition of the set ODD= {1 3 5 7...}. d) Give a recursive definition for the set of strings of...
-
You are the tax director for Acme Real Estate, Inc. The leasing manager, Wyle E. Coyote, wants to discuss the tax aspects of leasing a property in Acme's portfolio. The property is a 20,000 square...
-
How do the principles of (a) Physical controls and (b) Documentation controls apply to cash disbursements?
-
MBNA offers personal and business credit cards, loans, and savings products. It was bought by Bank of America in June 2005. One of the selling points for MBNA was its position relative to the rest of...
-
The Centers for Disease Control and Prevention (CDC) started the Vessel Sanitation Program (VSP) in the early 1970s because of several disease outbreaks on cruise ships. The VSP was established to...
-
The Lanier Company produces a single product on three production lines. Because the lines were developed at different points in Laniers history, they use different equipment. The production manager...
-
Long Weekend Ltd suffered a severe drop in sales and profit performance for the year ended 30 June 2019. The income statement revealed that net sales were $1 500 000 with a profit of $310 000. Unit...
-
TMP Human Resource Consulting had the following contribution margin income statement for the year ended 2019. Required Answer each of the following independent situations. (a) Explain how an...
-
Selcombe, Selcombe and Selcombe Media are three generations of the one family involved for nearly 50 years in providing public relations services. The firm is preparing its fees budget for the year...
Study smarter with the SolutionInn App