Journalize the following instruction A Accessibility Mode7DownlCass SY SPACass Sy put up her own internet business. The following are the transactions for themonth of June 2021.June 01Ms. Sy opened up a spa by investing her savings of P50,000 and theproceeds from the sale of her car P150,00008Bought spa supplies, P5,00015Issu ed a promissory note for facial bed and facial steamers bought on account,P50,00016Rendered services for cash, P10,00023Bought supplies for cash, P2,00026Paid electricity bill, P12,00030Rendered services for cash, P20,000

Cass Sy put up her own internet business. The following are the transactions for the month of June 2021. June 01 Ms. Sy opened up a spa by investing her savings of P50,000 and the proceeds from the salo of hor car D150 000

Cass Sy put up her own internet business. The following are the transactions for the month of June 2021. June 01 Ms. Sy opened up a spa by investing her savings of P50,000 and the proceeds from the salo of hor car D150 000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 35CE: Notes Receivable Link Communications programs voicemail systems for businesses. For a recent...

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Journal the following transactions related to the service business Tom’s Tailor Shop, owned by Tom Turnbull. Start Microsoft Excel, and open the BUS113_04_06.xlsx file from C:\ACTT1\Data\Unit_4. Click the File tab, and then click Save As. Save the file to C:\ACTT1\Student\Unit_4. October 1. Received cash from owner, Tom Turnbull, as an investment, $5,000.00. Receipt No. 1. October 9. Paid cash for insurance, $1,200.00. Check No. 1. October 13. Bought supplies on account from Sewing Essentials, $150.00. Memorandum No. 1. October 21. Sold services on account to Main Street Theater, $600.00. Sales Invoice No. 1. October 24. Paid cash for electric bill, $300.00. Check No. 2. October 31. Paid cash to owner, Tom Turnbull, for personal use, $3,000.00. Check No. 3. October 31. Received cash from sales, $2,352.00. Register Tape No. 1. Total the columns and prove and rule page 1 of the journal. Prove cash. The beginning cash balance on October 1 is zero. The balance on the next unused check…
usiness AccountingQ&A LibraryGet live help whenever you need from online tutors!Try bartleby tutor todayarrow_forward Question Asked Sep 11, 2020 1 views Jordan Shi operates a consulting firm called X, which began operations on August1. On August 31 the company's records show the following accounts and the amount of August. Cash =$25,460. Acct Receivable =$22,510; Land = $44,130 Office equipment =20,160 Office Supplies =$5,380; Acct payable =$10,370 Dividends =$ 6130 Consulting fees earned =$27,130 Rent expense =$9690 Salaries expense =$5710 Telephone expense =$1010 Miscellaneous expense =$ 620 Common stock =$103,300 Use the above information to prepare an August statement of retained ernigs for the company.(Net income for August is $10,100) Get live help whenever you need from online tutors!Try bartleby tutor todayarrow_forward Question Asked Sep 11, 2020 1 views Jordan Shi operates a consulting firm called X, which began operations on August1. On August 31 the…
ACC 370 SPRING 2021 QUICKBOOKS HANDS ON CLASS EXERCISE SECTION NOW YOUR TURN March 2021 1 Mr. Jim Doha invested additional $75,000 cash in the real estate agency. Paid advertising bill for February $1,400 Sold house for $250,000 and collected commission of $15,000 4 Purchased office supplies for cash, $2450. 5 Purchased additional office supplies on account, $550 6 Sold a house and collected a $46,000 commission. 8 Paid gas bills, $240 15 Paid the salary of the office secretary, $850. 17 Sold a building lot and earned a commission, $16,500. 20 Mr Jim Doha withdrew $3,000 from the business to pay personal expenses 21 Sold a house and collected a $15,500 commission. 22 Paid gas bills, $220. 24 Paid $960 to repair automobile 28 Paid the salary of the office secretary, $1350 30 Paid the March telephone, $520.…
Pls do fast i will give like for sure Solution must be in typed form. beau borrows $15,000 from credit center to buy a car. the lender assigns the right to receive the loan payments to debt collections inc. if beau does not pay the debt, the assignee can
Qsnhu login - Search Do Homework-3-1 M X X Home X TeMyLab Finance Pearso X P Introduction: The Time X S C A G Sign in https://mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=623722542&questionid=1&flushe... Shonda Curry 05/23/22 9:51 PM FIN-320-X5089 Principles of Finance 22EW5 = Homework: 3-1 MyFinanceLab Assignment Question 9, P5-18 (similar to) Save HW Score: 42%, 21 of 50 points O Points: 0 of 4 > (Related to Checkpoint 5.5) (Solving for n) Jack asked Jill to marry him, and she has accepted under one condition: Jack must buy her a new $320,000 Rolls-Royce Phantom. Jack currently has $37490 that he may invest. He has found a mutual fund with an expected annual return of 6 percent in which he will place the money. How long will it take Jack to win Jill's hand in marriage? Ignore taxes and inflation. The number of years it will take for Jack to win Jill's hand in marriage is years. (Round to one decimal place.)
messageQ&A notifications account_circle Business AccountingQ&A LibraryQuestion 1 Jo, a lawyer, took a voluntary redundancy from her full-time position at a law firm. She had done some photography when she was younger and decided to engage an architect to build her a dark room in her house. The dark room was completed at a cost of $55,000, equipped with all of the equipment that she needed to take her photography further. Jo advertised her services in the local newspaper and hired an assistant to help carry her expensive photography equipment around photo shoots, but few people were interested in paying Jo for her photography. For the year ending 30 June 2020 Jo sold $12,200 worth of professionally finished photographs and had expenses of $16,500. She is considering selling her photography equipment and taking up painting. Referring mainly to income tax cases, advise Jo of the tax implications of these activities. Would she be carrying on a business? What…
eBook Question Content Area Domingo Company started its business on January 1, 2019. The following transactions occurred during the month of May. A. The owners invested $12,000 from their personal account to the business account. B. Paid rent $700 with check #101. C. Initiated a petty cash fund $500 with check #102. D. Received $1,100 cash for services rendered. E. Purchased office supplies for $158 with check #103. F. Purchased computer equipment $2,500, paid $1,450 with check #104, and will pay the remainder in 30 days. G. Received $800 cash for services rendered. H. Paid wages $600, check #105. I. Petty cash reimbursement: office supplies $256, maintenance expense $108, postage expense $77, miscellaneous expense $57. Cash on hand $12. Check #106. J. Increased petty cash by $30, check #107. Domingo Company received the following bank statement. Bank Statement Beginning balance $0 Deposits Checks A. $12,000 101 $700 D. 1,100 102 500 103 158 106 488 Bank service charges 100 Total…
Investment Planning Activity1. Suppose that Rodel Rivera places an order to buy 100 shares of SM Investments Corp. (SM) from an online broker. Explain how the order will be processed.
Journalize the transactions for July 2020 in a two-column journal (general journal) page1. Just omit the explanations in making your journal entries. Juan de la Cruz began professional practice as a system analyst on July 1. He plans to prepare a monthly financial statement. During July, the owner completed these transactions. July 1. Owner invested Php 500,000 cash along with computer equipment that had a market value of Php 120,000 two years ago but was now worth Php 100,000 only.July 2. Paid Php 15,000 cash for the rent of office space for the month.July 4. Purchased Php 12,000 of office furniture on credit (due within 30 days).July 8. Completed a work for a client and immediately collected the Php 32,000 cash.July 10. Completed work for a client and sent a bill for Php 27,000 to be paid within 30 days.July 12. Purchased supplies for Php 4,000 in cash.July 15. Paid an assistant Php 6,200 cash as salaries for 15 days.July 18. Collected Php 15,000 on the amount owed by the…
FP#1 SEPTEMBER 2019: In September 2019, Kate incorporated Kate’s Cards after investigating different organizational forms, and began the process of getting her business up and running. The following events occurred during the month of September 2019: Kate deposited $10,000 that she had saved into a newly opened business checking account. She received common stock in exchange. Kate designed a brochure that she will use to promote her greeting cards at local stationery stores. Kate paid Fred Simmons $50 to critique her brochure before undertaking her final design and printing. Kate purchased a new iMac computer tablet, specialized graphic arts software, and commercial printer for the company, paying $4,800 in cash. She decided to record all of these items under the same equipment account. Kate purchased supplies such as paper and ink for $350 at the local stationery store. She opened a business account with the store and was granted 30 days credit on all purchases, including the one she…
BLOCK C/2018/4 Red John AG restores antique furniture and trades in antiques. Create the posting records for t1! Red John AG's account will receive € 11,305 on 05.01.t1. Thus, a customer of Red John AG settles his debt from t0 with a 5% discount. A customer returns a damaged antique to Red John AG in February t1 . The complaint will be processed immediately and the customer will receive a refund in cash. The value of the goods is € 35.70 gross. Due to numerous antique purchases at Krempel AG, Red John AG receives a bonus of € 6,464.08 VAT. This will be transferred to her in February t1. At the end of November t1, Red John AG sells a desk made of operating and office equipment. The desk is scheduled to be delivered to the buyer in January t2. Already on 02.12. t1, Red John AG receives the full purchase price of 530 € plus VAT in bar. In July t0, Red John AG acquired a machine for restoration work for € 30,000 The machine has a useful life of 7 years and is depreciated at a…
Pls do fast its urgent... I will rate instantly for sure Try to give solution in typed form 4. North Carolina provisional broker create a personal website separate from their friends website to advertise their real estate listing Ines Carolina Real Estate Commission rule their website must include A. The National Association of Realtors trademark B. the Brokers individual real estate license number C. the name of the sole proprietor with a firm with which the broker is affiliated D. A disclaimer that all the information on the website is believed to be true but is not guaranteed