Jan 5 Received $800 from a client for auto repair, receipt 250 in general jounal
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| Jan 5 | Received $800 from a client for auto repair, receipt 250 in general jounal |
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- April 29 Received Cash from client for merchandise amounting to 2,050. 1. What is the entry for this and why?Ned's Sheds purchases building materials from Timbertown Lumber for $3,700 with terms of 4/15, n/30. The invoice is dated October 17. Ned's decides to send in a $2,000 partial payment. a) By what date must the partial payment be sent to take advantage of the cash discount? b) What is the net date? c) If partial payment was sent by the discount date, what is the balance still due on the order?Feb 10 The owner withdrew $2000 cash for personal use. Cheque No. 413 was made out to his name. what is jeneral journal?
- Collected from customer on account on june15 June 15 : sold on account 350,00 to customer In other they are deducting 50,000 and my question is i will deducting it or not?A man received an invoice for washing machine for $455 dated April 17, with a sales term of 2/10 EOM. How much should he pay if he pay if he pays bill on April 28?On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10, n/30. Grace pays for those services on March 20. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20.
- Jeanie's Café received a $265 invoice for restaurant supplies. The invoice offered the following terms, "3/14, n/30." Jeanie received the invoice on April 10. If Jeanie pays the invoice by May 25, she should make her check out for: (Select the closest answer). $255 $265 $245 $225 $235 Y05/01/2020 Paid $3,000 cash for 5 months' insurance. No expense has been recorded yet. 05/03/2020 Billed $2,200 to client for services provided. 05/10/2020 Purcahsed a truck for $15,000; $1,000 paid with cash and the rest on account. 05/15/2020 Purchased supplies for $500 cash. 05/21/2020 Customer paid $400 cash for future services. Each lawn mowing service costs $80. General Journal Date Enter both Account Titles and Explanation Debit CreditCollection of Amounts Previously Written Off Hannah purchased a laptop computer from Perry Corp. for $1,500. Hannahs receivable has been outstanding for over 180 days, and Perry determines that the total amount is uncollectible and writes off all of Hannahs debt. Hannah later receives a windfall and pays the amount of her balance to Perry Corp. Required: Make the appropriate journal entries (if any) to record the receipt of $450 by Perry Corp.
- Blue Barns purchased 888 gallons of paint at $19 per gallon from a supplier on June 3. Terms of the purchase are 2/15, n/45, invoice dated June 3. Blue Barns pays their account in full on June 20. On June 22, Blue Barns discovers 20 gallons are the wrong color and returns the gallons for a full cash refund. Record the journal entries to recognize these transactions for Blue Barns.Melissa received an invoice for $5,000 that had payment terms of 2/15 n/30. He made a partial payment of $3,000 during the discount period. a. Calculate the amount credited. Round to the nearest cent b. Calculate the balance on the invoice after the partial payment was made.June 1 Received a $6,000, 12%, 1-year note from Sue Forest as full payment on her account. Account Blank 1 Dr. Blank 2 Account Blank 3 Cr. Blank 4 Nov. 1 Sold merchandise on account to Reeves, Inc., for $7,000, terms 2/10, n/30. AccountBlank 5 Dr. Blank 6 Account Blank 7 Cr. Blank 8 Nov. 5 Reeves, Inc., returned merchandise worth $1,000. AccountBlank 9 Dr. Blank 10 Account Blank 11 Cr. Blank 12 Nov. 9 Received payment in full from Reeves, Inc. AccountBlank 13 Dr. Blank 14 AccountBlank 15 Dr. Blank 16 Account Blank 17 Cr. Blank 18 Dec. 31 Accrued interest on Forest's note. AccountBlank 19 Dr. Blank 20 Account Blank 21 Cr. Blank 22
