Required information [The following information applies to the questions displayed below.] Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift cards in $15, $25, and $50 increments. Assume Apple sells $19.2 million in iTunes gift cards in November, and customers redeem $12.2 million of the gift cards in December. Required: 1. & 2. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a transaction/levent, select "No journal entry required" in the first account field. Enter your answers in dollars, not in millions (i.e. 5.5 should be entered as 5,500,000).) Journal entry worksheet 2 Record the receipt of cash for gift cards. Note: Enter debits before credits. Date General Journal Debit Credit November 30 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the revenue earned from redemption of gift cards. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal

Journalize the entry to record the receipt of the payment of the note at maturity. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Question not attempted. PAGE 1      JOURNAL                                                               ACCOUNTING EQUATION       DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1                 2                 3

Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Question Content Area Mar. 17:  Received $3,240 from Shawn McNeely and wrote off the remainder owed of $5,020 as uncollectible. If an amount box does not require an entry, leave it blank. Date Account Debit Credit Mar. 17   - Select - - Select -     - Select - - Select -     - Select - - Select -   Question Content Area July 29:  Reinstated the account of Shawn McNeely and received $5,020 cash in full payment. If an amount box does not require an entry, leave it blank. Date Account Debit Credit July 29   - Select - - Select -     - Select - - Select - July 29   - Select - - Select -     - Select - - Select -

Create a schedule of accounts receivable using the accounts receivable subsidiary ledger‘s.

[The following information applies to the questions displayed below.] On January 1, Year 1, the general ledger of a company includes the following account balances: Debit Credit Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts $ 25,600 47,200 $ 4,700 Inventory Land 20,500 51,000 17,500 Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, Year 2) Common Stock 2,000 29,000 55,000 40,000 31,100 $161,800 Retained Earnings Totals $161,800 During January Year 1, the following transactions occur: 2 Sold gift cards totaling $9,000. The cards are redeemable for merchandise within one year of the purchase date. 6 Purchase additional inventory on account, $152,000. January January January 15 The comapany sales for the first half the onth total $140,000. All of these sales are on account. The cost of the units sold is $76,300. January 23 Receive $125,900 from customers on accounts receivable. January 25 Pay $95,000 to inventory suppliers on…

Identify Postings from Purchases Journal Using the following purchases journal, identify each of the posting references, indicated by a letter, as representing (1) a posting to a general ledger account, (2) a posting to a subsidiary ledger account, or (3) that no posting is required: PURCHASES JOURNAL Page 49 Date Account Credited Post.Ref. AccountsPayableCr. StoreSuppliesDr. OfficeSuppliesDr. OtherAccountsDr. Post.Ref. Amount 20Y9                   Jan. 4 Coastal Equipment Co. (a) 5,325           Warehouse Equipment (g) 5,325 Jan. 6 Arrow Supply Co. (b) 4,000       4,000         Jan. 9 Valley Products (c) 1,875   1,600   275         Jan. 14 Office Warehouse (d) 2,200           Office Equipment (h) 2,200 Jan. 20 Office Warehouse (e) 6,000           Store Equipment (i) 6,000 Jan. 25 Metro Supply Co. (f) 2,740   2,740             Jan. 30     22,140   4,340   4,275       13,525       (j)   (k)   (l)       (m)   Post reference represents: a.   b.   c.…

Prepare the entries for transaction below and indicate what journal it is 21 august issued a $600 credit memo to ultracity co. For an allowance on good sold on august 19, 2020