Century 21 Accounting General Journal
Century 21 Accounting General Journal
11th Edition
ISBN: 9781337680059
Author: Gilbertson
Publisher: Cengage
Bartleby Related Questions Icon

Related questions

Question

This is a T-Account for SERVICE REVENUE FEE
Here are the transactions and amounts provided. I need to find out what Transaction C is.

On the Credit Side
Beginning Balance $6,000
Transaction A $3,00
Transaction B $3,500

Transaction C? is on the Debit side. How do I figure out the amount of Transaction C. Please show me how to figure that out but also provide the answer. Thanks!

Expert Solution
Check Mark
Blurred answer
Knowledge Booster
Accounting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • Describe 2 accrual transactions and 2 deferral transactions. For the accrual transactions, please use credit or debit sales and credit purchase. For the deferral transactions, please use prepaid insurance and prepaid telephone charges. Note: This can be made up amounts, just as long as they make sense. This is for an Electrotechnology Sales and Repairs business. Please include the dates that the transactions occurred. Please see below, as I have included an example of what the end product should look like. Please include an explanation as to what was done.    Accruals: 1. On March 30, 2021 Ortiz LLC provided accounting reservices for Beker Law firm and sent them a bill for $5,000. Payment has not been received to this day. 2. Store supplies of $200 are on hand. The supplies account shows a $1,900 balance. Deferrals: 1. On April 1, 2021. ORTIZ LLC paid $12,000 for a one-year insurance Policy.  2. On February 1, 2021 . ORTIZ LLC received $20,000 for accounting services for 1 year.
    I need two answers for the following accounts.  I need to know if they are assets, liabilities, equity, expense, or revenue.  Then I need to know if they are Real or Nominal accounts.  Thank you 1) Service Fees Revenue 2) Interest Receivable 3) Smith, drawings 4) Interest Income 5) Sales 6) Supplies Expense
    A business renders services to a customer for OR16,000 on account. Which account is credited? Select one: O a. Cash O b. Accounts payable O c. Accounts receivable O d. service revenue
  • Depending on whether an account is an accounts payable or accounts receivable, a debit can mean adding or removing money from an account; the same can be true of a credit.  Reha needs to record a transaction for an order of peanuts, which Cristina will use to make her famous PB&J Cafe peanut butter. Identify which type of account this transaction would be recorded in (accounts receivable or payable), and whether it's a debit or a credit. Explain why Reha should enter the peanut transaction that way. Your answer should be at least 100 words.
    3   Broadmor Industries collected $7,500 from a customer on account. What journal entry will be prepared by Broadmor to record this transaction?   Multiple Choice   Debit Cash and credit Accounts Receivable.   Debit Cash and credit Service Revenue.   Debit Accounts Receivable and credit Service Revenue.   Debit Accounts Receivable and credit Cash.
    Complete the following to record telephone service that Mookie The Beagle™ Concierge incurred and paid by credit card. Create an Expense paid with Credit Card. Select Create (+) icon > Expense Select Payee: Luminesse Link Select Payment Date: 01/14/2022 Select Payment Account: VISA Credit Card Select Payment Method: Credit Card Enter Category: Utilities Enter Description: Telephone Service Enter Amount: 144.00 What is the Total Amount paid to Luminesse Link? (Answer this question in the table shown below. Round your answer 2 decimal places.) Select Save. Leave the Expense window displayed.              View the Transaction Journal for the Expense. From the displayed Expense, select More > Transaction Journal What are the Account and Amount Debited? (Answer this question in the table shown below. Round your answer 2 decimal places.) What are the Account and Amount Credited? (Answer this question in the table shown below. Round your answer 2 decimal places.)
    • SEE MORE QUESTIONS
    Recommended textbooks for you
  • Century 21 Accounting General Journal
    Accounting
    ISBN:9781337680059
    Author:Gilbertson
    Publisher:Cengage
    Principles of Accounting Volume 1
    Accounting
    ISBN:9781947172685
    Author:OpenStax
    Publisher:OpenStax College
  • Century 21 Accounting General Journal
    Accounting
    ISBN:9781337680059
    Author:Gilbertson
    Publisher:Cengage
    Principles of Accounting Volume 1
    Accounting
    ISBN:9781947172685
    Author:OpenStax
    Publisher:OpenStax College