Cengage CengageNOWu2 | Online teachi b My Questions | bartleby -) C â https://v2.cengagenow.com/ilrn/takeAssignment takeAssignmentMain do?invoker-assignments&takeAssignmentSessionLocator-assignment take&n. ☆ Ch 5-3 Exercises & Problems eBook Show Me How Print Item The cash payments and purchases journal for Outdoor Artisan Landscaping follow. The accounts payable control account has a June 1, 20Y1, balance of $3,600, consisting of an amount owed to Augusta Sod Co CASH PAYMENTS JOURNAL Page 31 Accounts Payable Dr Date Ck. No. Account Debited Post Ref. Other Accounts Dr Cash Cr. 20Y1 June 4 203 Augusta Sod Co 3,600 3,600 5 204 Utilities Expense 470 470 Home Centers 5,900 5,900 1,040 11,010 15 205 Lumber Co 24 206 Nu Lawn Fertilizer 1,040 10,540 (21) 30 470 Page 22 PURCHASES JOURNAL Accounts Payable Cr. Landscaping Supplies Dr. Date Account Credited Post Ref Other Accounts Dr. Post Ref Amount 20Y1 June 3 Home Centers Lumber Co 5,900 5,900 2,740 1,040 7,240 3,670 20,590 (21) Equipment 18 2,740 Concrete Equipment Co 14 Nu Lawn Fertilizer 24 Augusta Sod Co 29 Home Centers Lumber Co 30 1,040 7,240 3,670 17,850 (14) 2,740 Check My Work 2 more Check My Work uses remaining Previous Assignment Score: 70.6% All work saved Email InstructorSave and Exit Submit Assignment for Grading

Scenario 2: • Copy of vendor invoice # 4412 for $27,000 received on March 3 showing terms of net 30 • Payment voucher with the vendor name and amount due . • Copy of the remittance advice sent to the vendor showing # 4412 included in the payment to the vendor made on March 28 1. Would you enter accounting transactions? 2. If so, what accounting entries would you make? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. List debit entry before credit entry.) Date Account Titles and Explanation Debit Credit I

1. Using EXCEL => Set up "T – Accounts" for each account listed in the Campln Inc. Post-Closing Trial Balance. "T-Account" example for several accounts. Assets Cash Accounts Receivable Inventory Beg $ 750,000 Beg $ 450,000 Beg $ 1,200,000 The following Post-Closing Trial Balance is available in EXCEL. Campln Inc. Post Closing Trial Balance 12/31/2020 Debit Credit Cash 750,000 Accounts Receivable 450,000 Allowance for Doubtful Accounts $ 10,000 Prepaid Insurance 100,000 Inventory 1,200,000 Equipment 4,500,000 Accumulated Depreciation - Equipment 1,350,000 Building 850,000 Accumulated Depreciation - Building $4 250,000 Land 1,100,000 Accounts Payable Salaries Payable 375,000 50,000 1,400,000 2,250,000 6,000 Mortgage Payable $ Long-Term Debt Common Stock - Par $0.01 APIC $ 2,994,000 Retained Earnings $ 265,000 8,950,000 8,950,000 $4

On July 15, 2024, the Niche Car Company purchased 2,800 tires from the Treadwell Company for $35 each. The terms of the sale were 2/10, ¹/30 . Niche uses a perpetual inventory system and the net method of accounting for purchase discounts.

INSTRUCTION: Determine the ending balances of the accounts (Cash, Supplies, Equipment, Account Payable, and Note Payable) based on the following journal entries. You may want to prepare a T-account for each account to determine the answer. See exhibit 2.11 on textbook page 66 for examples of how this is done.       DR  CR a) Cash $3,900.00                      Note Payable    $   3,900.00          b) Equipment $1,000.00                       Note Payable    $   1,000.00          c) Supplies       $300.00                        Cash                                 $300.00         d) Supplies       $700.00                       Account Payable   $700.00         e) Note Payable $900.00                       Cash   $900.00 For example, The ending balance of the 'Equipment' account is $1000 DR(There is only one debit entry for equipment-see…

The following selected transactions for Kingbird, Inc. are presented in journal form. Date May 5 12 15 5/12 5/15 5/5 Accounts Receivable 5/5 Service Revenue (Billed for services performed) 5/15 Account Titles and Explanation Cash Accounts Receivable (Received cash in payment of account) Ending Bal. Cash Service Revenue (Received cash for services performed) Ending Bal. Post the transactions to T-accounts. Make one T-account for each item and determine each account's ending balance. (Post entries in the order displayed in the problem.) Ending Bal. 2120 3000 5120 Cash 5080 Accounts Receivable 3680 Ref. Debit 5,080 5080 3000 Service Revenue 8080 2,120 5/12 3,000 J1 Credit 5,080 2,120 JUML 3,000 1590