In January 2005 the accountant for Delaware supply Corporation estimated the company's net income for the year as 556,000. A year-end income statement reported actual net income of 570,000. 1. make the general journal entries to record quarerly payments of the company's estimated income taxes...

I have two more questions I would like you please check for me if you could. Question 1: Received a telephone bill for August, which is to be paid next month, $160. DB Accounts Payable & Credit Telephone Expense Question 2: Completed the series of advertisements for Marsh Tire Company...

When entering journal entries, how do you show opening balances? For example, If at the beginning of the month I have $100 in supplies, I purchase $700 throughout the year, and I have $400 remaining at the end of the year, how would I show this whole transaction?