Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Financial Accounting Expert

General Journal:

On January 31, 2016, Bravo Company collected $5,500 from a customer, not previously billed, for services rendered. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 15, 2016, Bravo Company purchased $3,500 of construction supplies, on account, from the Zulu Company. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 16, 2016, Bravo Company purchased $4,000 of construction supplies, from the Zulu Company. Bravo paid for half of the supplies with cash and the remainder on account. Prepare the compound general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 15, 2016, Bravo Company paid for $7,500 of construction supplies that had been purchased on account, from the Zulu Company. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 16, 2016, Bravo Company paid for $5,000 of construction supplies of which half had been purchased on account. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 31, 2016, Charlie Company paid employees $4,500 for January wages earned. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 31, 2016, Bravo Company paid company shareholders $6,500 in dividends. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 2, 2016, Delta Company paid $3,300 in advance for February rent. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 2, 2016, Delta Company paid $2,000 rent. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 15, 2016, Delta Company hired an assistant manager with a monthly salary of $7,500. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 15, 2016, Delta Company signed a construction contract with Bravo Company to build a tool shed. The agreed on contract price was $16,500. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 20, 2016, Bravo Construction Company purchased, on account, $5,500 of supplies. Half were used immediately for a current job. Prepare the compound general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 20, 2016, Bravo Construction Company purchased $5,500 of supplies. Half were used immediately for a current job. Half of the purchase amount was paid for with cash and the rest was on account. Prepare the compound general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

On January 20, 2016, Bravo Construction Company purchased $3,500 of supplies. Half were used immediately for a current job. Half of the purchase amount was paid for with cash and the rest was on account. On January 31, 2016, Bravo Construction Company paid the balance due. Prepare the general journal entry (without explanation) for the payment of the balance due. If no entry is required then write "No Entry Required."

On January 25, 2016, Charlie Company received and paid the $1,750 electric bill for the month. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M91972883

Have any Question?


Related Questions in Financial Accounting

Scenario assume that a manufacturing company usually pays a

Scenario: Assume that a manufacturing company usually pays a waste company (by the pound to haul away manufacturing waste. Recently, a landfill gas company offered to buy a small portion of the waste for cash, saving the ...

An investment offers 6800 per year with the first payment

An investment offers $6,800 per year, with the first payment occurring one year from now. The required return is 7 percent. a. What would the value be today if the payments occurred for 20 years?  b. What would the value ...

Assignment -part a -background saturn petcare australia and

Assignment - Part A - Background: Saturn Petcare Australia and New Zealand is Australia's largest manufacturer of pet care products. Saturn have been part of the Australian and New Zealand pet care landscape since openin ...

Listed below are selected account balances for pinnacle

Listed below are selected account balances for Pinnacle Corporation at December 31, Year 1 and Year 2.  Also available for you is selected information from the income statement for Pinnacle for the year ended December 31 ...

Can you please help me with thishow do restrictions affect

Can you please help me with this. How do restrictions affect net assets in Not- For -Profit organization or health care?

Comprehensive problem - lou barlow a divisional manager for

Comprehensive Problem - Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five-year period. His annual pay raises are determined by his division's ...

Company a is a calendar year company that depreciates all

Company A is a calendar year company that depreciates all its machinery on a straight-line basis. On January 1, 2016, the company purchased machinery costing $100,000, with an estimated useful life of 10 years and a zero ...

Excel quiz1 start excel 2016 and download and open the file

Excel Quiz 1. Start Excel 2016 and download and open the file Excel Quiz1F18. 2. Save the workbook as FirstName_LastName_Excel_Quiz1 where FirstName is your own First Name and LastName is your Surname (for example Roger_ ...

Question 1 an organization owes pound300000 tax at 17x4 and

Question 1 . An organization owes £300,000 tax at 1.7.X4 and £450,000 at 30.6.X5. Its income statement for the year to 30.6.X5 includes a tax charge of £400,000. How much tax was actually paid in the year to 30.6.X5?

In its first year of operations cullumber company

In its first year of operations, Cullumber Company recognized $31,800 in service revenue, $6,600 of which was on account and still outstanding at year-end. The remaining $25,200 was received in cash from customers. The c ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As