June 30, 2010, the end of the quarter is on a Wednesday. Employees get paid each Friday for the rest of the week worked. Abel Co. has five employees who earn $100 per day each. Make the necessary adjusting journal entry for June

An asset that cost $50,000 was purchased January 1st. The asset has an estimate useful life of three years and an estimated salvage value of $3,200. Prepare the necessary adjusting journal entry for the end of the year

Debit- Depr. Expense asset- 15600

Credit= Accum. Depreciation expense- 15600

First you have to calculate the salaries earned for the current week. Hint: Monday, Tuesday, and Wednesday

Now you have to do the adjusting entry:
Debit Salaries Expense (or Wages Expense) for 3 days of salaries earned
Credit Salaries Payable (or Wages Payable) for 3 days of salaries earned.

Prior to recording adjusting entries on December 32, a company's Store Supplies account had an $880 debit balance. A physical count of the supplies showed $325 if unused supplies available as of December 31. Prepare the required adjusting entry.

A company that uses the perpetual inventory system purchased $8,500 worth of inventory on September 25. Terms of purchase were 2/10, and n/30. The invoice was paid in full on October 4. Prepare the journal entries to record these merchandise transaction

A Roller Blade company uses the perpetual inventory system and had the following transactions during
October 6: Purchased $4,000 of inventory. The seller's credit terms are 2/10, n/30.

October 8: Returned $200 worth of defective units and received full credit.

October 15: Paid amount due, less then returned items.

Prepare journal entries to record each of the preceding transactions.

Steve's Skateboards uses the perpetual inventory system and had the following sales transactions during April.

April 2: Sold merchandise to Happy Hobby Shop on credit for $4,800, terms 1/15, n/60. The items sold had
a cost of $2,700.

April 4: Happy Hobby Shop returned merchandise that had a selling price of $200. The cost of the merchandise
returned was $10.

April 13: Happy Hobby Shop paid for the merchandise sold on April 2, taking any appropriate discount earned.

Prepare the journal entries that Steve's Skateboards must take to record these transactions

What is your question? You need to journalize the transactions.

What is your question? You need to journalize the transactions.

What is your question? You have 2 transactions. Also you will need to calculate the amount of discount taken.