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Type: Posts; User: sharker

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  1. Question: Journalize this

    by sharker
    Answers
    2
    Views
    1,752

    To record purchase of building Building Dr ...

    To record purchase of building
    Building Dr $200000
    Cash Cr $200000
    (To record purchase of building on cash)
    Explanation|
    Increase of asset mean debit and decrease of asset dictates...
  2. Question: How to journalize

    by sharker
    Answers
    3
    Views
    715

    Account Receivable Dr. $900 To, Service...

    Account Receivable Dr. $900
    To, Service revenue $900
    (To record revenue)
    It is mentioned here that if there is nothing mentioned about cash or credit then it is assumed that the transaction...
  3. Answers
    1
    Views
    1,143

    Cash Dr $30000 To,Accrued revenue 30000 (...

    Cash Dr $30000
    To,Accrued revenue 30000
    ( To record unearned revenue)
  4. Answers
    2
    Views
    772

    Journal 1) Cash Dr $ 175000 ...

    Journal
    1) Cash Dr $ 175000
    To, Capital Account 100000
    To, Paid in capital in excess of Par 75000
    (To record issuance of share of 10000...
  5. Answers
    2
    Views
    1,130

    Very big problem. Answer to 1) First try to make...

    Very big problem. Answer to 1) First try to make trial balance.
    Then Debit all income and credit to income summary,
    Debit income summary and credit to all expense account,
    The balance need to be...
  6. You need to learn how journal entries is...

    You need to learn how journal entries is prepared:
    For example when asset or expenses increases, it will be debited by that amount,
    When asset or expenses decreases, it will be credited...
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