 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Transactions in the records of Ali
Write up the asset and liability and capital accounts to record the following transactions in the records of Ali.
2006 July 1 Started a business with $2500 in the bank July 2 Bought office furniture by check $150 July 3 Bought Machinery $750 on credit from Chong Sdn Bhd July 5 Bought motor vehicle $600 paying by check July 8 Sold some of the office furniture - not suitable for the firm-for $60 on credit to Majid and Sons. July 15 Paid the amount owning to Chong Sdn Bhd $750 by check July 23 Received the amount due from Majid and Sons $60 in cash July 24 Bought more machines by check $280. Thanks ;), Ida.L |
||||
|
||||
|
Please see the guidelines for posting homework problems: Ask Me Help Desk - Announcements in Forum : Homework Help |
||||
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
Hi there, Learning about journalizing transactions. Question is if a park sold coupon books which gave the holder admission to the park (eg 100 coupon books for $75 each - books contain 10 coupons for one admission each)... I am debiting the "cash" account and crediting "unearned admissions...
What type of transactions are recorded only in a General Journal?
April 25 Sold 100 coupon books for $30 each. Each book contains 6 coupons that entitle the holder to one admission to the perk. April 30 Received $6200 in cash admission fees. April 30 Paid $900 on account for advertising incurred on April 8
How do you record this accounting transaction on the T-Account? An entrepreneur applies for a bank line of credit and is granted a $100,000 line of credit. Entrepreneur pays bank fees of $6,500 by company check. I'd like to know how to record the above transaction in a T-Account.
I need some help with these transactions. 1. Accrued salaries, $170 Dr. Salary Expense $170 Cr. Salary Payable $170 2. Supplies used, $120 Dr. Supplies Expense $120 Cr. Supplies $120
View more questions Search
|
