subject
Business, 18.09.2019 00:10 pk4mk

On january 1, 2019, sharon matthews established tri-city realty, which completed the following transactions during the month: jan. 1 sharon matthews transferred cash from a personal bank account to an account to be used for the business, $29,000. 2 paid rent on office and equipment for the month, $2,250. 3 purchased supplies on account, $2,300. 4 paid creditor on account, $825. 5 earned fees, receiving cash, $15,660. 6 paid automobile expenses (including rental charge) for month, $1,620, and miscellaneous expenses, $830. 7 paid office salaries, $2,200. 8 determined that the cost of supplies used was $1,350. 9 withdrew cash for personal use, $2,800. required: 1. journalize entries for transactions jan. 1 through 9. refer to the chart of accounts for exact wording of account titles. 2. post the journal entries to the t accounts, selecting the appropriate date to the left of each amount to identify the transactions. determine the account balances, after all posting is complete. accounts containing only a single entry do not need a balance. 3. prepare an unadjusted trial balance as of january 31, 2019. 4. determine the following: a. amount of total revenue recorded in the ledger. b. amount of total expenses recorded in the ledger. c. amount of net income for january. 5. determine the increase or decrease in owner’s equity for january.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 20:30
technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f
Answers: 1
question
Business, 22.06.2019 17:00
Cadbury has a chocolate factory in dunedin, new zealand. for easter, it makes two kinds of “easter eggs”: milk chocolate and dark chocolate. it cycles between producing milk and dark chocolate eggs. the table below provides data on these two products. demand (lbs per hour) milk: 500 dark: 200 switchover time (minutes) milk: 60 dark: 30 production rate per hour milk: 800 dark: 800 for example, it takes 30 minutes to switch production from milk to dark chocolate. demand for milk chocolate is higher (500lbs per hour versus 200 lbs per hour), but the line produces them at the same rate (when operating): 800 lbs per hour. a : suppose cadbury produces 2,334lbs milk chocolate and 1,652 lbs of dark chocolate in each cycle. what would be the maximum inventory (lbs) of milk chocolate? b : how many lbs of milk and dark chocolate should be produced with each cycle so as to satisfy demand while minimizing inventory?
Answers: 2
question
Business, 22.06.2019 17:00
Jillian wants to plan her finances because she wants to create and maintain her tax and credit history. she also wants to chart out all of her financial transactions for the past federal fiscal year. what duration should jillian consider to calculate her finances? from (march or january )to (december or april)?
Answers: 1
question
Business, 22.06.2019 20:40
Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.
Answers: 1
You know the right answer?
On january 1, 2019, sharon matthews established tri-city realty, which completed the following trans...
Questions
question
Mathematics, 24.03.2020 22:02
question
Chemistry, 24.03.2020 22:02
question
Mathematics, 24.03.2020 22:02
question
Mathematics, 24.03.2020 22:02
Questions on the website: 13722361