searchmanagerhub Bb Take Test: quiz 4a - ACCT2700- X + -> A limcollege.blackboard.com/webapps/assessment/ta... Home Take Test: quiz 4a <> |A Question Completion Status: 4 QUESTION 1 Marjorie operates a kiosk in a mall at which she sells sunglasses. Here is some data about her business. She sells each pair of sunglasses for $35. Variable expenses are $9 a pair. Rent expense is $2,600 a month. In the space provided, how many pairs of glasses does Marjorie needs to sell in order to break even. Show all work. ABC T TTArial 3 (12pt) Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit PgUp F10 PgDn F11 PrtScn Home End Ins F1 F2 F3 F4 F5 F6 F7 F8 F9 & 5 8. W E R G H II 96 %23 5. 3. 3. 2.

searchmanagerhub Bb Take Test: quiz 4a - ACCT2700- X + -> A limcollege.blackboard.com/webapps/assessment/ta... Home Take Test: quiz 4a <> |A Question Completion Status: 4 QUESTION 1 Marjorie operates a kiosk in a mall at which she sells sunglasses. Here is some data about her business. She sells each pair of sunglasses for $35. Variable expenses are $9 a pair. Rent expense is $2,600 a month. In the space provided, how many pairs of glasses does Marjorie needs to sell in order to break even. Show all work. ABC T TTArial 3 (12pt) Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit PgUp F10 PgDn F11 PrtScn Home End Ins F1 F2 F3 F4 F5 F6 F7 F8 F9 & 5 8. W E R G H II 96 %23 5. 3. 3. 2.

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter3: Journalizing Transactions

Section3.4: Starting A New Journal

Problem 1WT

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usiness AccountingQ&A LibraryGet live help whenever you need from online tutors!Try bartleby tutor todayarrow_forward Question Asked Sep 11, 2020 1 views Jordan Shi operates a consulting firm called X, which began operations on August1. On August 31 the company's records show the following accounts and the amount of August. Cash =$25,460. Acct Receivable =$22,510; Land = $44,130 Office equipment =20,160 Office Supplies =$5,380; Acct payable =$10,370 Dividends =$ 6130 Consulting fees earned =$27,130 Rent expense =$9690 Salaries expense =$5710 Telephone expense =$1010 Miscellaneous expense =$ 620 Common stock =$103,300 Use the above information to prepare an August statement of retained ernigs for the company.(Net income for August is $10,100) Get live help whenever you need from online tutors!Try bartleby tutor todayarrow_forward Question Asked Sep 11, 2020 1 views Jordan Shi operates a consulting firm called X, which began operations on August1. On August 31 the…
Good day Please help me with the following. NERINA traders a gift shop situated in illovo is owned by serena lopez. Vat is 15% pinky leshaba R3500
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USE MS EXCEL AND SHOW FORMULAS USED PLEASEEE Presented below are the transactions of Weirdo Beauty Salon for the month of January. 2020 Jan. 5 Received P25,500 from various customers as salon income 7 Purchased salon equipment on account, P7,500 8 Bought salon chairs and reception table from Plums Trading on account, P12,000 10 Returned defective chair to Plums Trading valued at P1,000 11 Made partial payment to Plums Trading P2,500 12 Purchased salon supplies paying P3,000 cash 15 The owner, Ms. Matutina, invested a table worth P1,750 Required: (a) Prepare the journal entries. (b) Prepare the T-Accounts. USE MS EXCEL AND SHOW FORMULAS USED PLEASEEE
se Get live help whenever you need from online tutors!Try bartleby tutor todayarrow_forward Question Asked Sep 11, 2020 1 views Jordan Shi operates a consulting firm called X, which began operations on August1. On August 31 the company's records show the following accounts and the amount of August. Cash =$25,460. Acct Receivable =$22,510; Land = $44,130 Office equipment =20,160 Office Supplies =$5,380; Acct payable =$10,370 Dividends =$ 6130 Consulting fees earned =$27,130 Rent expense =$9690 Salaries expense =$5710 Telephone expense =$1010 Miscellaneous expense =$ 620 Common stock =$103,300 Use the above information to prepare an August statement of retained ernigs for the company.(Net income for August is $10,100)
SEARCH ASK CHAT MATH SOLVER Question Jack Shellenkamp owns and manages a computer repair service, which had the following trial balance on December 31, 2009 (the end of its fiscal year) BYTE REPAIR SERVICETrial BalanceDecember 31, 2009Cash $ 8,000Accounts Receivable 15,000Parts Inventory 13,000Prepaid Rent 3,000Shop Equipment 21,000Accounts Payable $19,000Jack Shellenkamp, Capital 41,000$60,000 $60,000Summarized transactions for January 2010 were as follows:1. Advertising costs, paid in cash, $1,000.2. Additional repair parts inventory acquired on account $4,000.3. Miscellaneous expenses, paid in cash, $2,000.4. Cash collected from customers in payment of accounts receivable $14,000.5. Cash paid to creditors for accounts payable due $15,000.6. Repair parts used during January $4,000. (Hint: Debit this to Repair Parts Expense.)7. Repair services performed during January: for cash $6,000; on account $9,000.8. Wages for January, paid in cash, $3,000.9.…
PB&J Cafe has the following transactions that need to be recorded: On April 7, 2019, $250 for peanuts the cafe purchased from The Peanut Gallery to make its patented peanut butter On April 30, 2019 $375 For Rover's Sake paid for catering a corporate event How would Reha record these transactions in the general journals for these accounts? Why does she need to keep separate general journals for each account? Your answer should be at least 100 words.
Nicole’s Getaway Spa (NGS) continues to grow and develop. Nicole is now evaluating a computerized accounting system and needs your help in understanding how source documents informaccounting processes. She also needs some help reconciling NGS’s bank account.Required:1. For each source document shown below, prepare the appropriate journal entry or indicate thatno journal entry is required.a. Purchase order dated October 13 for massage chairs costing $765 and oil suppliescosting $240.
urgent i need question 10 just Mala is a keen artist who decided to turn her hobby into a business. She started trading on January 1st 2022 as “Mala’s Visions”, and sells portraits of people and animals. She visits her subject, take lots of photos and then goes home and, over a period of weeks, produces beautiful colour pencil drawings. Mala kept records of everything that happened in her business during its first year of trading (see “Records” below), though she does not know anything about bookkeeping. Mala has now completed her first year of trading and needs to produce final accounts for the business. RECORDS DATE WHAT HAPPENED 1/1/22 £1,000 invested by Mala to get the business up and running. 2/1/22 Spent £200 on buying paper, pencils etc from Artworks Ltd. 5/1/22 Drew Mr. Smith’s dog, Bonzo for a fee of £500, payable on 16/3. 26/1/22 Bought machinery for projecting photos onto paper for £400. 2/2/22 Drew…
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Already submitted question for Requrment 1, 2, & 3 i just need the 2nd part answered... (Please only answer Requirments 4, 5, 6) Problem 2. OverPriced Jeans, Inc. Starts Business On January 1, 2021, OverPriced Jeans, Inc. started business. OverPriced Jeans is a merchandising company that specializes in brand name overpriced jeans. OverPriced Jeans (OPJ) purchases jeans from various clothing manufacturers around the world, marks the jeans upabout 500%, and then sells the jeans to various specialty stores located in malls. OPJ borrowsmoney from two different banks: Big Bank and Little Bank. OPJ keeps some of its cash in BigBank and some of its cash in Little Bank. Use the Excel workbook Requirement 1A. OPJ has the following General Ledger accounts: Cash-Big Bank, Cash-Little Bank,Inventory, Equipment, Note Payable-Big Bank, Note Payable-Little Bank, and CommonStock. Label the “T” accounts using these account names.B. Because OPJ started business on January 1, 2021, put a beginning…
In this activity, you are going to record a comprehensive transactions involving merchandising concern. Prepare the journal entries, T-accounts and trial balance of a merchandising concern. Cielo Bonita is engaged in buying and selling of novelty items. The following transactions have transpired for the month of Sept. 2020. Sept. 1 – She invested P100,500 cash and an old office equipment presently valued at P33,200 which she bought 2 years ago for P50,000. Sept. 2- Purchased MDSE from ABC Enterprise for P20,000. Terms: n/30, FOB destination. ABC paid P1,500 for the freight cost. Sept. 3- Sold MDSE for cash amounted to P10,600. Sept. 6- Purchased MDSE from Ali Commercial for P26,500. Terms: 50% down payment, balance 2/10, n/30. Sept. 7 – Sold MDSE to Jay Cesar for P12,500. Terms: 2/10, n/30, FOB Shipping point. Sept. 8 – Purchased from COVID Furniture a display counted for P6,000. Terms : 50% down payment, balance 1/10, n/30.92 Sept. 9 – Sold MDSE to Giles Anthony for P14,000. Terms:…