Provide services of 7000 on account
Webb1. January 24 Provide plumbing services for cash, $18,000, and on account, $63,000. 2. March 13 Collect on accounts receivable, $51,000. 3. May 6 Issue shares of common stock in exchange for $10,000 cash. 4. June 30 Pay salaries for the current year, $32,600. 5. September 15 Pay utilities of $6,200 from 2024 (prior year). 6. Webb4. Incurred $700 of advertising costs in the Chicago Tribune, on the account. 5. Paid $900 cash for office supplies. 6. Performed services worth $10,000: $3,000 cash is received from customers, and the balance of $7,000 is billed to customers on account. 7. Withdrew $600 cash for personal use. 8.
Provide services of 7000 on account
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Webb1 jan. 2024 · February 15 Issue additional shares of common stock, $27,000. 2. May 20 Provide services to customers for cash, $42,000, and on account, $37,000. 3. August 31 Pay salaries to employees for work in 2024, $30,000. 4. October 1 Purchase rental space for one year, $19,000. 5. November 17 Purchase supplies on account, $29,000. 6. Webb21 nov. 2024 · The service is provided to the customer and payment from the customer is immediate using cash. There is no credit given to the customer for the provision of the service. Suppose for example, the business provides services to a customer and receives immediate payment for cash for the amount of 500, then the journal entries will be as …
WebbDecember 1-31 Throughout the month, Thunder Cat provides services to customers for cash, $27,400. (Hint: Record the entire month’s services in a single entry.) December 4 Purchase pet supplies on account, $2,900. December 8 Pay for fliers to be distributed to local residences to advertise the company’s services, $3,200. December 9 Pay for … WebbDescribe how the received cash for services performed affects the three elements of the accounting equation. A company purchased a $27,000 delivery truck by paying $5,000 down and securing a loan...
Webb8 juli 2014 · 1.> Right-click your drive, select properties, select security, click the Add button and enter the SQLSERVERAGENT account(make sure your domain isn't selected in the … WebbABC is a company that provides consulting services to customers. The company has provided a customer of $ 6,000 on credit. Please prepare journal entry about providing …
The accounting equation, Assets = Liabilities + Owners Equitymeans that the total assets of the business are always equal to the total liabilities of the business This is true at any time and applies to each transaction. For this transaction the accounting equation is shown in the following table. In this case one asset … Visa mer The accounting records will show the following bookkeeping entries for the web design services sold on account: Visa mer Debit The customer owes you money for the services until they are paid for. The business now has an asset (trade accounts receivable or trade debtor) for the amount due. Credit A service is provided to the … Visa mer Another double entry bookkeeping example for you to discover. 1. Obsolete Inventory Allowance 2. Fixed Asset Trade In 3. Cash Shortage Journal Entry 4. Receive a Loan Journal Entry Visa mer
Webb13 okt. 2024 · Pay $7,000 in salaries to employees for work performed during the month. 1. Analyze each transaction. 2. Record the transaction. 3. Post the transaction to T-accounts. Assume the opening balance in each of the accounts is zero. Advertisement Zviko Answer: 1. Assets = $30,000 (increase) and Revenue = $30,000 (increase) terracotta planter wayfairWebb1 jan. 2024 · December 30 Provide services to customers on account, $62,400. Provide services to customers for cash, $75,300. Collect on accounts receivable, $45,700. Issue … terra cotta nursery guthrie okWebb3. Deposits of ?$69.00 are made at the end of every month for 7.25 years. What will the deposits amount to if interest is 6% compounded monthly? 4. Find the present value of an annuity with payments of $2,500 at the end of each year for 4 years. The interest rate is 10% compounded annually. terra cotta microwave flower pressWebbOrder supplies, keep inventory, make service calls and work with the technicians on correcting issues with the presses. Train and give … terracotta mother of the bride dressWebbMay 1 Maisie invested $7,000 cash in the business. 2 Paid $900 for offi ce rent for the month. 3 Purchased $800 of supplies on account. 5 Paid $125 to advertise in the County … terracotta paint colors sherwin williamsWebb4 apr. 2016 · I've been in financial service industry for almost 20 years and have worked my way through the maze of positions in retail banking. … terra cotta low bowl planterWebbFactory payroll costs other than direct labor are accumulated in a Payroll Department account and are assigned to producing departments on the basis of number of employees. The total payroll in each department was: A, $300,000; B, $275,000 ... The Janitorial Department provides cleaning services to all departments of a large store. terracotta look subway tile