Nov. 15- Purchased $1,600 of merchandise on account from Martin Co, terms 1/30; paid $60 of associated freight charges in cash. My answer: Merchandise Inventory $1600 Accounts Payable $1600 Cash $60 Freight Expense $60...

Rajaram quit his job and started woodcraft comopany ( Service Firm) The transactions of the business for September are as follows. Sep 1 Began Business by investing cash Rs 10000 in exchange of 1000 shares 4 Paid two month Rent in advance for a shop Rs 2000 5 Bought Equipment...

Can anyone help me with this? I'm confused on how to post these and how to prepare the Adjusted Trial Balance. Window Washing Company opened on July 1, 2010. During July the following transactions were completed. July 1 Issued 14,456 shares of common stock for $14,456 cash. July...

I am really confused on how to start this and how to do it at all... any help would be appriciated thanks!! Prepare the necessary general journal entries for the month of September for the Xenon Company for each situation given below. Joiner uses a perpetual inventory system. Sep. 5 Paid cash...

What is the adjusting entry at Dec 31, 2007 for this problem? Problem: Logan Corporation issued 800000 of 8% bonds on October 1, 200, due on October 1, 2011. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to yield 10% effective annual interest.