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Type: Posts; User: jsu4549m
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This should be simple but I can't seem to get it.
Which of the following is not considered cash for financial reporting purposes?
A petty cash funds and change funds
B money orders, certified...
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I have a few questions I can't figure out...
1. When converting from cash basis to accrual basis accounting, which of the following adjustments should be made to cash receipts from customers to...
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How do record the adjusting entries
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OK I can't get this, I'm supposed to make adjusting entries to these things if needed and she said there was 11
DR:cash 80000
CR:capital 80000
DR:cash 30000 this was borrowed 30000 from...
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Don't you have to do an adjusting entry if it's a cash entry
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OK I got that but how do you do an adjusting entry for the DR:cash 8000 CR:AR 8000
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It said... collected 8,000 from the client billed earlier, which said provided services for a client. Sent him a bill for 15,000
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OK one more I have DR:cash CR:AR for my JE
And DR:AR CR:revenue for my adjusting entry is that right
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OK I'm sooo sorry but I have another question
It says purchased 1,200 worth of supplies for cash
So DR: supplies and CR: cash
Then for my adjusting entry I DR:supplies and CR: supplies...
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THANK YOU!!
OK I have another question. How do you write the adjusted journal entry for
DR:cash 80000
CR:capital 80000
And also
DR:cash 6000
CR:revenue 6000
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It actually said a printer and a scanner for the supplies
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Do I record deprication in the following question
Purchased supplies at a cost of 14,000. Assume the above items have a 2 year life with no salvage value.
And also how do I record this
...
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