Catherine's cookies has a beginning balance in the account payable control total account of $8,200. In the cash disbursements journal, the account payable column has total debits of $6,800 for November. The accounts payable credit column in the purchases journal reveals a total of $10,500 for the current month. Based on this information what is the ending balance in the accounts payable account in the general ledger?

Q: Sheridan Company uses both special journals and a general journal as described in this chapter. On…

A: Account receivable is the balance of money due to a firm for goods used by the customer but not paid…

Q: The end-of-the month balance in Igado’s cash disbursement journal “Sundry Account” column is…

A: Cash Payment Journal: It is a special Journal  where all  cash payments are recorded and  it is used…

Q: Ellie Harrod, owner of Harrod’s Dry Cleaners, makes bank deposits in the night depository at the…

A: Cash is asset account. Since the cash collected from sales revenue is recorded, the asset value…

Q: You are to enter the following items in the books, post to personal accounts, and show the transfers…

A: Journal entry: A journal entry is used to record day-to-day transactions of the business by debiting…

Q: Following is information from Fredrickson Company for its first month of business. 1. Identify the…

A: Ledger: It refers to the book maintained by the business that is used to store the entries of the…

Q: The following transactions affecting the accounts receivable of FST Inc. took place during the year…

A: Account Receivable Opening balance on January 1 950,000 Add: Credit sales made during the year…

Q: Sheridan Company uses both special journals and a general journal as described in this chapter. On…

A: Accounts receivable: It is the balance amount due to a company for selling goods or services to the…

Q: Hunt Company enters all cash payments in the cash payments journal. On February 21, the company…

A: Note: 2/10, n/30: Here, 2 represent the discount rate if payment is made within ten days. And if…

Q: Fiona Sporty uses a purchases journal, a cash payments journal, a sales journal, a cash receipts…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: On March 4, Micro Sales makes $3,900 in sales on bank credit cards that charge a 2% service charge…

A: Gross sales are for $3,900 but 2% less cash will be received after levying the service charge on…

Q: Answer all Questions. Ch.5-1

A: Here, we have made a compond entry for all the cash payments received on account received during the…

Q: Presented below is information related to Ivanhoe Company for its first month of operations. Credit…

A: Formula: Balance in Accounts receivable = credit sales - cash collected Deduction of cash collected…

Q: Bourne Incorporated reports a cash balance at the end of the month of $2,620. A comparison of the…

A: A journal entry appears to be a method of tracking all of a company's individual financial…

Q: THE WEALTHY Co. is a wholesaler of office and school supplies. The following are the transactions of…

A: Date  Transaction Amount Business/bank form to be filed up Journal Journal entry July 1  Winnie Sy…

Q: Which of the following correctly describes the posting of transactions from the sales journal?…

A:

Q: On March 4, Micro Sales makes $10,500 in sales on bank credit cards that charge a 2% service charge…

A: Introduction: Journal: Recording of a business transactions in a chronological order. First step in…

Q: a. Accounts Receivable had a balance of $1,800 at the beginning of the month and $1,350 at the end…

A: a. Cash collected from customers= Beginning Accounts Receivable + Credit sales - Ending Accounts…

Q: Which of the following correctly describes the posting of transactions from the sales journal? a.…

A: The posting of transaction from the sales journal means at the end of the month, the totals of…

Q: On March 4, Micro Sales makes $6,500 in sales on bank credit cards that charge a 2% service charge…

A: Date Account title and explanation Debit$ Credit$ 04-Mar Cash 6370     Credit…

Q: Sunset Tours has a $3,500 account receivable from the Del Mar Rotary. On January 20, the Rotary…

A: Journal: Recording of a business transactions in a chronological order.

Q: The following transactions affecting the accounts receivable of FST Inc. took place during the year…

A: Allowance Method - Under allowance method company make provision of uncollectible accounts at the…

Q: Corentine Company had $152,000 of accounts payable on September 30 and $132,500 on October 31. Total…

A: Debit what comes in, Credit what goes out. Debit the receiver, Credit the giver. Debit all expenses…

Q: On September 30, after all monthly postings had been completed, the Accounts Receivable control…

A: Beginning Balance of Accounts Receivable = $ 245,000 Beginning Balance of Accounts Payable = $…

Q: Catherine’s Cookies has a beginning balance in the Accounts Payable control total account of $8,200.…

A: Accounts Payable: Accounts Payable is an account found in the balance sheet of the organization that…

Q: Guidry Corporation's beginning accounts receivable balance at January 1 was $200,000 and the ending…

A: The account receivables are also known by the name of debtors. These are the values due to a firm on…

Q: According to a company's accounting records, the opening bank balance on 1 August was £17,000. The…

A: Journal entries recording is the initial step of accounting process, under which atleast one account…

Q: On July 31, Bristlecone Pine Art Ltd. had a $54,500 balance in Accounts Receivabl- and a $3,100…

A: The allowance for uncollectible accounts records the estimated bad expense for the period.

Q: iary calculations to two decimal places and your final answer to the nearest day.)   A. 54 days.

A: The right answer is c]option C. 46 days.

Q: The total on the "Cash Receipts" report generated by QuickBooks® software at January 31 would be…

A: Step 1 Cash receipts journal also refers to the main entry book, the purpose of which is the…

Q: Catherine’s Cookies has a beginning balance in the Accounts Payable control total account of $8,200.…

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: Fiona Sporty uses a purchases journal, a cash payments journal, a sales journal, a cash receipts…

A: Journal is defined as the account which is a detailed account that records or post all the financial…

Q: On March 4, Micro Sales makes $4,850 in sales on bank credit cards that charge a 2.5% service…

A: The financial transactions are recorded in the journal entry then it is posted to the ledgers.

Q: Jasper Company had a beginning Accounts Receivable balance of $230,000. During the month, total…

A: Normal balance of accounts receivable is debit.

Q: For the month of December, the records of Taboo Corporation show the following information: Cash…

A: Gross sales = Cash sales + Credit sales where, Credit sales = Ending Accounts Receivable + Cash…

Q: GENERAL LEDGER ACCOUNT TITLE     CASH                                                     ACCOUNT…

A: A ledger is an account where all the entries recorded in the Journal are transferred and posted. A…

Q: Bourne Incorporated reports a cash balance at the end of the month of $2,620. A comparison of the…

A: Solution:- Preparation of the necessary entries to adjust the balance of cash as follows under:-

Q: Ön September 30, after all monthly postings had been completed, the Accounts Receivable control…

A: The control account's aim is to keep the general ledger safe and clean of information while still…

Q: Nonna's Re-Appliance Store collects 54% of its accounts receivable in the month of sale and 36% in…

A: Budgeted cash collection is the expected cash is to be collected in a particular month for the…

Q: Catherine's cookies has a beginning balance in the accounts payable  total account of $8,200. In the…

A: Accounts payable balance represents the amount that is payable to suppliers or vendors for the…

Q: Bourne Incorporated reports a cash balance at the end of the month of $2,620. A comparison of the…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: The actual cash received during the week ended June 7 for cash sales was $18,163, and the amount…

A: Journal entry: A journal entry is used to record day-to-day transactions of the business by debiting…

Q: how do I journalize the entry to record the cash receipts and cash sales on March 1st?   Refer to…

A: Dear student, since you asked only for cash receipt and cash sales transaction,  The journal entry…

Q: Presented below is information related to Sunland Company for its first month of operations. Credit…

A: Accounts receivable balance = Credit sale - cash collection Austin co. = 11100 - 7700 = $3400 Diaz…

Q: Information related to Pukalani Limited is presented below for its first month of operations. Credit…

A: The final balance = Credit balance - Debit balance The Final balance is calculated on January 31 .…

Q: The following information relates to a company’s accounts receivable: accounts receivable balance at…

A: Answer) Calculation of Ending Balance of Gross Accounts Receivable Ending Balance of accounts…

Q: The following data are obtained from the single-entry records kept by Jefford Merchandising for…

A: 1. Here we will prepare the Accounts receivable A/c where We will calculate credit Sales as Balance…

Q: Warton Company posts individual sales to the accounts receivable subsidiary ledger immediately. At…

A: Accounting is a medium of communication, like any languages that we use. For example, two people can…

Q: Post the entries in the general journal below to the Accounts Receivable account in the general…

A: Accounts Receivable (AR) seem to be the proceeds or payments received by the firm from consumers…

Q: The actual cash received during the week ended June 7 for cash sales was $19,001, and the amount…

A: The difference between Actual cash present and cash per book goes to the Cash Short and Over…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.