5. Avery has a chequing and savings account. The table below shows his transactions for the month of August. Check Register Check Type of Transaction Amount of Checking Balance Date Amount of Withdrawal Deposit Aug. 1" Paycheck $1,389.00 $3,055.43 3035 Aug. 4 Rent Payment $855.00 3036 Aug. 10 Utilities $65.62 3037 Aug. 12 Car Payment $225.80 Aug. 14 Groceries $131.84 Aug. 15 Paycheck $1,389.00 Aug. 21 Transfer to Savings $300.00 Aug. 31 $44.45 Dinner Out a) What are Avery's fixed expenses? b) What are Avery's variable expenses? c) How much money does Avery have in his account at the end of the month. His balance at the beginning of the month is $ 3055.43. Show your calculations below or in the chart. 6. Which statement about

5. Avery has a chequing and savings account. The table below shows his transactions for the month of August. Check Register Check Type of Transaction Amount of Checking Balance Date Amount of Withdrawal Deposit Aug. 1" Paycheck $1,389.00 $3,055.43 3035 Aug. 4 Rent Payment $855.00 3036 Aug. 10 Utilities $65.62 3037 Aug. 12 Car Payment $225.80 Aug. 14 Groceries $131.84 Aug. 15 Paycheck $1,389.00 Aug. 21 Transfer to Savings $300.00 Aug. 31 $44.45 Dinner Out a) What are Avery's fixed expenses? b) What are Avery's variable expenses? c) How much money does Avery have in his account at the end of the month. His balance at the beginning of the month is $ 3055.43. Show your calculations below or in the chart. 6. Which statement about

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter18: Acquiring Capital For Growth And Development

Section: Chapter Questions

Problem 1AP

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Minnie has asked you to review the methods Min Armin Wastege uses when dealing with Accounts Receivable. Minnie has compiled the following information for the past 2 months andwants you to update her records on August 31, 2020.On June 30, 2020 the Account Receivable balance for Min Armin Wastege was $13,585 Dr withan Allowance for Doubtful Debts of $462 Cr. In the last two monthsSales (net of GST)S4 800Sales Returns & Allowances (net of GST) 400Cash Collected3 550Bad Debts to be written off (Including GST) 660The bad debts listed above have not been written off as yet. Minnie has also calculated based on past experience that 7% of net credit sales go bad. All sales are made on credit. REQUIRED:Prepare the following General Journal entries to1. account for the write off of the bad debt during the past two months2. the adjusting entry on August 31 using the information Minnie has provided. b. Update the Accounts Receivable and Allowance for doubtful debts accounts.
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Jul 13 The owner, Jen Beck, withdrew $2,000 cash for personal use, Check No. 78. Memorize the transaction for payments every two weeks. Next payment is July 27, 2022. Just tell me in quickbooks where do i record this transaction? bill (enter bills window) credit (enter bills window) bill pmt - check (pay bills window) check (write checks window) invoice (create invoices window) payment (receive payments window) sales receipt (enter sales receipts window) deposit (make deposit window) general journal (make general journal entries window) inventory adjust (adjust quantity/value on hand window) sales tax payment (pay sales tax window) paycheck (pay employees window) liability check (pay payroll liabilities window) transfer (transfer funds between accounts window) credit card charge (enter credit card charges window) credit memo (create credit memos/refunds window) discounts (receive payments window)
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Can also do a journal entry when the on December 31 Record the adjustment entry for $40 interest earned. 2 entry Record the adjustment entry for $80 NSF check receivable. 3 entry Record the adjustment entry for $50 bank charges thank you all of that is just for the journal entry