4/2 Purchased three computers and a printer from Best Buy for $2,000 how to solve this problem? with puting into general journal as debit and credit side?
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- wner contributed computer costing RO. 9000, inventory worth OR 8000 and in cash OR 32000 . What is his Capital ? Select one: a. OR 49000 b. OR 8000 c. OR 32000 d. OR 39000 Rent revenue received OMR 3500 by cheque . The correct entry--- Select one: a. CASH A/C DR RENT A/C CR b. BANK A/C DR RENT A/C CR c. RENT A/C DR CASH A/C CR d. RENT A/C DR BANK A/C CR If a business has purchased goods for OMR 50000 and 25%was on account . Find out value of account payable? Select one: a. OMR 12500 b. OMR 50000 c. OMR 37500 d. OMR 32500TRANSACTION : He bought a 10k office equipment paying 3k cash only and the balance will be paid after 30days QUESTIONS 1. So if recording in LEDGER (account name : CASH) is the 3k will be recorded on credit or the 10k? 2. In the LEDGER (account name : OFFICE EQUIPMENT) is the 10k must be recorded on the debit or the 3k? Please be on point on the answer, I'm just a little bit confused to this situation, thankyou! Don't answer the pic attached just answer my 2 questions onlyDurafabric was a very successful company. Banner was a new customer of Durafabric, who wants to apply the credit application. Banner was applying for a $25,000 credit line; that is, the ability to purchase up to $25,000 of material and have 30 days to pay the bill. The forms use to evaluate an applicant's ability to pay bills. Balance sheet of Banner 1997 1996 1995 Current Assets Cash & equivalents 75 $1,498 $2,253 Accounts receivable 22,015 25,655 23,282 Inventory 31,767 34,606 31,730 Prepaids 7,344 7,358 8,341 Deferred income taxes 7,371 4,815 Total current assets 61,201 76,488 70,421 Property, plant & equipment Land and buildins 7,143 7,002 6,418 Machinery & equipment 8,532 9,206 8,134 Leasebold improvements 2,424 1,810 1,688 18,099 18,018 16,240 Less accumulated depreciation -4,846 -4,048 -3,080 13,253 13,970 13,160 Other assets 5,807 3,992 2,263 Total assets 80,261…
- Durafabric was a very successful company. Banner was a new customer of Durafabric, who wants to apply the credit application. Banner was applying for a $25,000 credit line; that is, the ability to purchase up to $25,000 of material and have 30 days to pay the bill. The forms use to evaluate an applicant's ability to pay bills. Balance sheet of Banner 1997 1996 1995 Current Assets Cash & equivalents 75 $1,498 $2,253 Accounts receivable 22,015 25,655 23,282 Inventory 31,767 34,606 31,730 Prepaids 7,344 7,358 8,341 Deferred income taxes 7,371 4,815 Total current assets 61,201 76,488 70,421 Property, plant & equipment Land and buildins 7,143 7,002 6,418 Machinery & equipment 8,532 9,206 8,134 Leasebold improvements 2,424 1,810 1,688 18,099 18,018 16,240 Less accumulated depreciation -4,846 -4,048 -3,080 13,253 13,970 13,160 Other assets 5,807 3,992 2,263 Total assets 80,261…Durafabric was a very successful company. Banner was a new customer of Durafabric, who wants to apply the credit application. Banner was applying for a $25,000 credit line; that is, the ability to purchase up to $25,000 of material and have 30 days to pay the bill. The forms use to evaluate an applicant's ability to pay bills. Balance sheet of Banner 1997 1996 1995 Current Assets Cash & equivalents 75 $1,498 $2,253 Accounts receivable 22,015 25,655 23,282 Inventory 31,767 34,606 31,730 Prepaids 7,344 7,358 8,341 Deferred income taxes 7,371 4,815 Total current assets 61,201 76,488 70,421 Property, plant & equipment Land and buildins 7,143 7,002 6,418 Machinery & equipment 8,532 9,206 8,134 Leasebold improvements 2,424 1,810 1,688 18,099 18,018 16,240 Less accumulated depreciation -4,846 -4,048 -3,080 13,253 13,970 13,160 Other assets 5,807 3,992 2,263 Total assets 80,261…if cash 1350000, Purchased additional printing machine worth 75000, 75% of the amount were recorded as credit while the remaining 25% paid in cash. Find the current balance of cash
- Please provide journal entries for the following: 1. Deposited P900,000 in the bank and contributed a systems library valued at P390,000 to start a business.2. Paid office rent for the month, P36,000.3. Acquired computer equipment for cash, P700,000.4. Purchased computer supplies on credit, P60,000.5. Received payment from a client for programing done, P280,000.6. Billed a client on completion of a programming project, P71,000.7. Paid salaries, P80,000.8. Received a partial payment from the client billed, P61,000.9. Withdrew P25,000 for personal expenses.10. Made partial payment on the supplies purchased, P30,000i am doing chart of accounting general journal, 4/ 2 Purchased a company automobile for $32,000, with a cash down payment of $1,000 and the remaining $31,000 was financed through the bank (Hint: I still need to PAY this). how to solve this problem? with puting into general journal as debit and credit sideneed asap Given: FABM Company, a service firm rendering computerizedaccounting services has the following transactions for themonth of June 2018:June 1Owner invested his savings worth P10, 000, 000 intothe business.June 3He bought P1.5 M worth of equipmentJune 5He also invested furniture and fixtures with 250,000June 7Rendered services to clients worth 150, 000 andreceived cash payment immediatelyJune 10Rendered services to clients worth 250, 000 onaccountJune 12Purchased computer supplies amounting to 30,000and issued a promissory noteJune 14Rendered services to clients worth 650, 000 withterms 50% down, balance on accountJune 15Paid salaries of employees worth 45,000June 18Collected half of the amount due last June 10June 20Paid the total amount due for utilities amounting to55, 000June 22Cash receipts amounting to 75,000 from cash salesservicesJune 24Paid the whole amount due on the noteJune 26Paid Philhealth contribution of the employeesamounting to 5,000June 28Borrowed P150,000…
- A customer buys a company product on the internet for $1,000 with bitcoins. At the end of the year he bit coins are worth $5,000. The company's income statements show sales of $1,000. Why?RESOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step, include the formulas you use and the development please A merchant acquires a lot of merchandise with a value of $ 350,000 that he agrees to liquidate by making an immediate payment of 123,500 and a final payment 5 months later, agreeing to pay interest at a rate of 23% semi-annually. How much should this payment be?hy ,please help me with that if possible,thanks David started a small new business in Bicester at the 1st September 2020. He ispreparing accounts to 30th September 2020. His transactions in first monthwere as follows:1/09 David contributed to the business with a Computer with value of £2000,£20,000 in the Bank and £4200 cash and2/09 Purchased goods £800 on credit from Dawson3/09 Bought a brand new high speed Computer £2000 paying by cheque5/09 Sold goods for £400 and received the money in Bank6/09 Bought goods on cash £400 from M Maurice10/09 Paid rent by cheque £60012/09 Paid in Cash £100 for repairing Computer18/09 Goods returned to Dawson £10021/09 Let off part of the premises receiving rent by cheque £30023/09 Sold goods on credit to Joseph £40023/09 Sold goods of £1500 and received cash24/09 Bought a car for business use paying by cheque £100030/09 Paid the months wages by cash £700 30/09 David took cash for herself £450 Now i got to respond to this: B Use the information…