12 Jlgul 2 درجات ?Assume that Silver Company has account receivable of $7,500 determined to be uncollectable, what journal entry is made to write off the uncollectable account Example of Answer : Cr. Cash Dr. Equipment 10,000 10,000 ل لحصول على شريط الأدوات، اضغط على ALT+F10 )الكمبيوتر الشخصي( أو ALT+FN+F10 )نظام التشغيل Mac(. Q @冰 In 14px Arial

12 Jlgul 2 درجات ?Assume that Silver Company has account receivable of $7,500 determined to be uncollectable, what journal entry is made to write off the uncollectable account Example of Answer : Cr. Cash Dr. Equipment 10,000 10,000 ل لحصول على شريط الأدوات، اضغط على ALT+F10 )الكمبيوتر الشخصي( أو ALT+FN+F10 )نظام التشغيل Mac(. Q @冰 In 14px Arial

Name: 2 درجات12 Jlgul?Assume that Silver Company has account receivable of
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Description: 2 درجات12 Jlgul?Assume that Silver Company has account receivable of $7,500 determined to be uncollectable, what journal entry is made to write off the uncollectable accountExample of Answer :Cr. CashDr. Equipment10,00010,000ل لحصول على شريط الأدوات

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter3: Basic Accounting Systems: Accrual Basis

Section: Chapter Questions

Problem 2SEQ: On January 24, 20Y8, Niche Consulting collected $5,700 it had hilled its clients for services...

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On January 24, 20Y8, Niche Consulting collected $5,700 it had hilled its clients for services rendered on December 31, 20Y7. How would you record the January 24 transaction, using the accrual basis? A. Increase Cash, $5,700; decrease Fees Earned, $5,700 B. Increase Accounts Receivable, $5,700; increase Fees Earned, $5,700 C. Increase Cash, $5,700; decrease Accounts Receivable, $5,700 D. Increase Cash, $5,700; increase Fees Earned, $5,700
4 Broadway, Incorporated’s trial balance was in balance at the end of the period and showed the following accounts: Account Balance Accounts Payable $ 20,800 Cash 41,600 Common Stock 20,100 Equipment 9,100 Land 30,700 Notes Payable 40,500 What is the balance of the credit column on Broadway's trial balance? rev: 03_16_2018_QC_CS-121922 Multiple Choice $81,400. $163,100. $60,600. $61,300.
Dont give in image or screen shrot in this answer 5.17 From the following account balances of Daisy Pty Ltd as at 30 September 2015, produce a balance sheet in both the T-format and the narrative classified format: Cash at bank $ 75000 Accounts receivable (net) 37500 Inventory 30000 Land 37500 Fixtures and fittings 9 000 Loan payable 7 500 Tax payable 7 500 Share capital 30000 Retained earnings 144000 Balance sheet in T Account format: Balance sheet in narrative format:
T. Nix, Capital$ 128,300Cost of goods sold$ 108,900T. Nix, Withdrawals7,000Depreciation expense11,600Sales183,000Salaries expense39,000Sales discounts4,200Miscellaneous expenses5,000Sales returns and allowances5,200 1. Record the entry to close the income statement accounts with credit balances. 2. Record the entry to close the income statement accounts with debit balances. 3. Record the entry to close the Income Summary account. 4. Record the entry to close the Withdrawals account.
1. Prepare a trial balance based on the balances of these ledger accounts. Dr Cash A/C Cr Date Particulars Amount Date Particulars Amount 01-Sep To Capital Stock $7,050 02-Sep By Prepaid Rent $3,600 04-Sep To Unearned Fees $3,500 03-Sep By Prepaid Insurance $1,500 06-Sep To Accounts Receivables $800 10-Sep By Advertisement expense $120 17-Sep To Accounts Receivables $2,100 12-Sep By Accounts Payable $800 24-Sep To Fees Earned $1,850 13-Sep By Salary Expenses $400 25-Sep To Accounts Receivables $1,300 18-Sep By Supplies $750 30-Sep To Accounts Receivables $1,050 27-Sep By Salary expense $400…
Kai Co paud $18,000 of accounts payable owed to Coat Co by giving cash of 4,500 and isusing a note payable for the balance. The journal entry by Coat Co to record transaction would a. not change total assets, liabilites, or owners' equity b. increase owners equity c. decrease liabilities d. increase assets answer is A, how are asstes and liabilites not affected?
3. Record the following transaction in the appropriate journal, ledger accounts, balance off the accounts and prepare trial balance as at 31 January 2020.Jan 1 Started business with RM2,000 cash5 Purchased goods on credit RM1,00010 Sold goods on credit RM80015 Bought furniture by cash RM40020 Received cheque from debtor RM80025 Cash sales RM20031 Paid salary by cash RM300
Parrish Pg. 38 2-9 #1 Asked 11/23/19 Please solve following t-accounts and calculate the missing amount. Additionally CLEARLY explain how you arrived at the CORRECT answer. Thank you. Left side of T-Account (This is a Cash account) 5/1 Beginning Balance UNKOWN 5/18 Transaction B $5000 Right side of T-Account 5/16 Transaction A $2000 5/19 Transaction C $25000 Ending Balance $65000 (This is on left side of T-Account)
The ledger accounts of AXX Internet Company appear as follows on March 31, 20X1: 101Cash $65,000 111Accounts receivable 35,860 121 Supplies 9,100 131 Prepaid insurance 23,500 141Equipment 103,000 142 Accumulated depreciation—Equipment 39,820 202 Accounts payable 11,500 301 Aretha Hinkle, Capital 115,000 302Aretha Hinkle, Drawing 11,500 401Fees income 311,000 510Depreciation expense—Equipment 19,660 511Insurance expense 9,900 514Rent expense 31,500 517Salaries expense 151,000 518Supplies expense 4,100 519Telephone expense 5,300 523Utilities expense 7,900 Required: Prepare the closing entries. Post the transactions into the appropriate ledger accounts. Hint: Be sure to enter beginning balances.
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