 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Journal entries
Hi!
I would greatly appreciate if someone tells me how to do the following journal entrie.. 1. Paid quarterly bill for the office space ($5500 for December to February inclusive). 34% of this space is used by office staff and the reminder is sales staff. 2.Sold inventory that had cost Seifort $3300 to a US sporting goods store. Montana Motion, for $4400 payable in Canadian funds by the end of the month. Foreign exchange rate attime of sale was $1.08. GST is not charged on a sale to a foreign company. Thankss |
||||
Check out some similar questions!
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...
I need to prepare all journal entries to correct the above closing entries Fees Earned Dr 15000 Accumulated, Amort Dr 5000 Interest Rev Dr 1000 Income Summary Cr 21000 Income summary Dr 19000 Salaries Exp Cr 12000 Prepaid Advertising Cr 5000
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...
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.
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
