Business, 27.10.2020 21:10 Buttercream16

For the following transactions, make the journal entries, ledgers, and trial balance in the books of Mr. Pran. 2020 Date
Jan 2 Jan 3 Jan 4 Jan
Jan
Jan 5 Jan
Jan 6 Jan 7 Jan
Jan
Jan 10 Jan
Jan 13 Jan 15 Jan 16 Jan 17 Jan 19 Jan 20 Jan 22 Jan 23 Jan 24 Jan 27 Jan 29 Jan 31
Transactions $
Received a cheque from Mohan & Co., in full settlement 6,650 Sold goods to Das & co. 1,400 Sold goods to Chand & sons 1,440 Carrriage paid 35 Sold goods to Ain & co., for cash 3,120 Brought goods from Raheem Sons 4,000 Paid Math & co. by cheque in full settlement 3,800 Bought goods from Chatterjee 6,300 Das & co. return goods, not being upto the standard 100 Travelling expenses paid to salesman, Mr Chang 147 Sold goods for cash to Ms. Jaya 800 Paid for stationery 66 Postage stamps 15 Returned goods to Chatterjee (not being up to specification) 400 Paid for furniture by cheque 700 Goods used personally by proprietor 50 Sold goods to Mohan & co. 5,000 Das & co. pay by cheque 1,300 Cheque received from Chand & Sons 1,440 Bank advises Chand & Sons, cheque returned unpaid (Cheque bounced)
Sold goods to Ajay for cash 800 Cash deposited with bank 2,000 Cheque sent to Chatterjee (Discount allowed: $50) 5,850 Paid telephone bill 23 Paid salaries 600 Paid rent 300 Bank charges 10 Drew for personal use out of bank 500
Jan
1
Assets in hand: Cash $630, cash at bank $23,100, Stock of goods $26,400, Mohan & Co., $ 6,750
Liabilities: Math & Co. $3,880, Raheem Sons $3,000

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 08:10

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work

Answers: 1

Answer

Business, 22.06.2019 11:20

In 2000, campbell soup company launched an ad campaign that showed prepubescent boys offering soup to prepubescent girls. the girls declined because they were concerned about their calorie intake. the boys explained that “lots of campbell’s soups are low in calories,” which made them ok for the girls to eat. the ads were pulled after parents expressed concern. why were parents worried? i

Answers: 2

Answer

Business, 22.06.2019 17:50

The management of a supermarket wants to adopt a new promotional policy of giving a free gift to every customer who spends > a certain amount per visit at this supermarket. the expectation of the management is that after this promotional policy is advertised, the expenditures for all customers at this supermarket will be normally distributed with a mean of $95 and a standard deviation of $20. if the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift?

Answers: 1

Answer

Business, 22.06.2019 19:30

Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.

Answers: 1

Answer

You know the right answer?

For the following transactions, make the journal entries, ledgers, and trial balance in the books of...

Questions