VitalSource QuickBooks Exercises 10

Question 3  Specify what data you think should be collected on each of the following four  documents: sales invoice, purchase order, receiving report, employee time card

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Question 11 A statement listing customers, account balances, and total amount due from all customers is a/an: Accounts payable ledger. Accounts receivable ledger. Schedule of accounts payable. O Schedule of accounts receivable.

Multiple choice

PDE IM-MODULE-3-Account X file:///C:/Users/user/Documents/QUIJANO,%20JAN%20CLEO%20C/ACCOUNTING/IM-MODULE-3-Accounting-Fundamentals-P1-M.Chan%20(1).pdf M3 - Exercises 2 For each of the following accounts, state in column A the classification of the account (Whether the account is an asset, liability, capital, revenue, or expense), in Column B if debit or credit for increase in the account and in column C if debit or credit for decrease, and in column D, the normal balance of the account. Column D. Coluinn Column Column C A Normal Classification Increase Decrease balance Example: Utilities Expense Еxpense Debit Credit Debit 1. Accounts Payable 2. Accounts Receivable 3. Cash 4. Carlo Calma, Capital | 5. Carlo Calma, Drawing 6. Commission Income 7. Equipment 8. Interest Receivable 9. Insurance Expense 10. Notes Payable 11. Notes Receivable 12. Prepaid Rent 13. Prepaid Insurance 14. Rent Expense 15. Rent Revenue 16. Salaries Expense 17. Salaries Payable 18. Service Revenue 19. Supplies 20.…

Identify Transactions in Accounts Receivable Subsidiary Ledger The debits and credits from three related transactions are presented in the following customer's account taken from the accounts receivable subsidiary ledger: Mission Design NAME 1319 Elm Street ADDRESS Post. Ref. Date Item Debit Credit Balance 20Υ7 Apr. 3 R44 740 740 Apr. 6 J11 60 680 Apr. 24 CR81 680 Describe each transaction and identify the source of each posting. Describe each transaction Identify the source Apr. 3 Apr. 6 Apr. 24

In Chapter 11, the first step of the computer accounting cycle is to:   Question 26 options:   Post entries to the general ledger   Set up a business and select a chart of accounts   Journalize entries   Change accounting periods   Print the general ledger trial balance

Multiple choice

Activity 1: Journalize the following transactions and then post them to the General Ledger. Below are the transactions of Juan Manuell Enterprises for the month of May 2018. Maу 3 Mr. Manuell invested P500,000 cash. May 5 Purchases from Big Dipper Merchants P50,000 merchandise. Terms: 3/10, n/20. May 6 Sold merchandise to Gemini Enterprises, P32,000. Terms: 2/10, n/30. 59 63 / 164 Мay 9 Purchased office supplies from Galaxy Co. for cash, P3,000 through Check No. 0031. May 11 Gemini Enterprises settled its account in full. Issued OR#10241 Purchased merchandise from Polaris Trading, P55,000. Terms: P25,000 down payment, balance on account. Terms: 2/10, n/30. Check No. 0032. May 16 Purchased merchandise from Aurora Borealis Systems, P201,600. Terms: 2/10, n/30. May 25 May 26 Sold to Virgo Enterprises P150,000 worth of merchandise. Terms: 2/10, n/30. Мay 30 Purchases from Meteor Trading P80,000. Terms: 2/15, n/30. Procedures: 1. Analyze the given transactions. 2. Journalize each…

Indicate the sequential order of the following steps in the accounting information processing cycle: Analyzing transactions Preparing financial statements Developing a trial balance Collecting original data Posting to the accounts Journalizing transactions 16. 17. 18. 19. 20. 21.

Activity 5. My Own Accountin Equation Applying the accounting equation to your daily ife as a student and consumer, write your transactions made on a day to day basis and analyse the offects of each vansaction to the different accounting accounts TRANSACTION ASSETS LIABILITIES OWNER'S EQUITY

Create a schedule of accounts receivable using the accounts receivable subsidiary ledger‘s.

Multiple choice

Make a general ledger for each account title from the general journal below.

Top-Value Corporation has 242,000 shares of $30 par common stock outstanding. On September 2, Top-Value Corporation declared a 2% stock dividend to be issued November 30 to stockholders of record on October 3. The market price of the stock was $55 per share on September 2. Required: Journalize the entries required on September 2, October 3, and November 30. If no entry is required, simply skip to the next transaction. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

Question 6 of 20: Select the best answer for the question. 6. To determine the effects of an entire accounting transaction, you would consult the accounting record called the A. journal O B. register. C. T-account O D. ledger Mark for review (Will be highlighted on the review page) << Previous Question Next Question

Greg Thomas purchased one-half of lan Hamilton's interest in the Freidman and Hamilton partnership for $35,250. Prior to the investment, land was revalued to a market value of $146,000 from a book value of $88,000. Adam Freidman and lan Hamilton share net income equally. Hamilton had a capital balance of $27,800 prior to these transactions. Required: a. On December 31, provide the journal entry for the revaluation of land.* b. On December 31, provide the journal entry to admit Thomas.*

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finalacial accounting please give me the answer of this question thanks

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Subject - account  Please help me.  Thankyou.