How do I record the current transaction? required for a transaction/event, select "No journal entry required" in the first account field.)View transaction listJournal entry worksheet2Note: Enter debits before credits.1Paid $1,500 cash for dividends.DateDecember31F2WSRecord entry4X# 380F3E5DGeneral Journal$46 7 7 8Clear entryCaF4R< Required 1F%5F5T9 10< PrevVDebit6G11CreditView general journalRequired 2A >MacBook Air1 of 1F6YB&7HNextF7U* CO8DIIF8J9F9KN MOF10LCorP

The dividend is declared and paid to the shareholders from the retained earnings of the business.…

required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 …….. Date December 31 4 Paid $1,500 cash for dividends. Note: Enter debits before credits. Record entry 5 6 7 General Journal Clear entry 8 < Required 1 9 10 Debit 11 Credit View general journal Required 2A >

required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 …….. Date December 31 4 Paid $1,500 cash for dividends. Note: Enter debits before credits. Record entry 5 6 7 General Journal Clear entry 8 < Required 1 9 10 Debit 11 Credit View general journal Required 2A >

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 11PB: Prepare journal entries to record the following transactions. Create a T-account for Unearned...

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Prepare journal entries to record the following transactions. Create a T-account for Unearned Revenue, post any entries that affect the account, tally ending balance for the account (assume Unearned Revenue beginning balance of $12,500). A. May 1, collected an advance payment from client, $15,000 B. December 31, remaining unearned advances, $7,500
Please see below. Please be sure to use exact terms and dates for this. Need asap please and thank you. Selected transactions for Pharoah Company are presented below in journal form (without explanations). Date Account Title Debit Credit May 5 Accounts Receivable 4,070 Service Revenue 4,070 12 Cash 1,340 Accounts Receivable 1,340 15 Cash 2,120 Service Revenue 2,120 Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the question.)
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Selected transactions for Gonzales Ltd are presented in journal form (without narrations). Post the transactions to T accounts. Date Account name Debit Credit May 5 Accounts receivable 13 200 Service revenue 13 200 12 Cash 12 400 Accounts receivable 12 400 15 Cash 12 000 Service revenue 12 000
SUBJECT: Financial Accounting and Reporting Instruction: Choose the Debit and Credit Accounts of the following transactions. TRANSACTION: Opened an account with Bank and made initial deposit1. Debit *a. Cash In Bankb. Accounts Receivablec. Unused Laundy Suppliesd. Prepaid Insurancee. Equipmentf. Accounts Payableg. Unearned Incomeh. Amora, Drawingi. Amora, Capitalj. Service Incomek. Salaries ExpenseL.Taxes and Licensesm.Transportation 2. Credit *a. Cash In Bankb. Accounts Receivablec. Unused Laundy Suppliesd. Prepaid Insurancee. Equipmentf. Accounts Payableg. Unearned Incomeh. Amora, Drawingi. Amora, Capitalj. Service Incomek. Salaries ExpenseL.Taxes and Licensesm.Transportation TRANSACTION: Bought Equipment on Account3. Debit *a. Cash In Bankb. Accounts Receivablec. Unused Laundy Suppliesd. Prepaid Insurancee. Equipmentf. Accounts Payableg. Unearned Incomeh. Amora, Drawingi. Amora, Capitalj. Service Incomek. Salaries ExpenseL.Taxes and Licensesm.Transportation 4. Credit *a. Cash In…
1. Prepare a trial balance based on the balances of these ledger accounts. Dr Cash A/C Cr Date Particulars Amount Date Particulars Amount 01-Sep To Capital Stock $7,050 02-Sep By Prepaid Rent $3,600 04-Sep To Unearned Fees $3,500 03-Sep By Prepaid Insurance $1,500 06-Sep To Accounts Receivables $800 10-Sep By Advertisement expense $120 17-Sep To Accounts Receivables $2,100 12-Sep By Accounts Payable $800 24-Sep To Fees Earned $1,850 13-Sep By Salary Expenses $400 25-Sep To Accounts Receivables $1,300 18-Sep By Supplies $750 30-Sep To Accounts Receivables $1,050 27-Sep By Salary expense $400…
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The debits and credits from two transactions are presented in the following customer account: NAME Mobility Products Inc. ADDRESS 46 W. Main St. Date Item Post. Ref. Debit Credit Balance Aug. 1 Balance ✔ 540 Aug. 10 Invoice No. 59 CR24 103 437 Aug. 17 Invoice No. 64 R35 129 566 Select the choice that describes each transaction and the source of each posting. Date Action Invoice No. Posted From Journal page Aug. 10 fill in the blank 2 fill in the blank 4 Aug. 17 fill in the blank 6 fill in the blank 8
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