Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

Q1) Record following transactions in general journal.

3/1/07

Invested $20,000 in cash and $5,000 of equipment in the business

3/5/07

Purchased equipment on account, $1,200

3/7/07

Purchased supplies on account, $500

3/10/07

Purchased supplies with cash, $1,000

3/13/07

Received cash for services provided to clients, $2,500

3/15/07

Paid rent, $850

3/20/07

Billed clients for services performed, $850

3/25/07

Paid for equipment purchased on 3/5/07

3/28/07

Received payment for services performed on 3/20/07

3/31/07

Withdrew cash for personal use, $3,000

Make the trial balance for month ended March 31, 2007.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M916785

Have any Question? 


Related Questions in Accounting Basics

Question 1 accounting equation determine the missing amount

Question 1: Accounting Equation Determine the missing amount in each of the following cases:    Assets                          Libilities              stockholders' Equity a. $200,000                     $85,000         ...

Describe the differences between a profit and loss account

Describe the differences between a profit and loss account and a cash flow statement.

Financial information systems assessment myob

Financial Information Systems Assessment: MYOB assignment- Assessment overview This assignment is designed to introduce you to using double entry accounting using both a manual recording system and computer accounting so ...

The puffing billy scenarioas a graduate of the bachelor of

The Puffing Billy Scenario As a graduate of the Bachelor of Business (Accounting) from Holmesglen you found a profitable niche developing custom databases for small enterprises. Your first client is the Puffing Billy Pre ...

A lorge corporation has collected the following information

A Lorge Corporation has collected the following information after its first year of sales. Sales... Description A Lorge Corporation has collected the following information after its first year of sales. Sales were $1,500 ...

During the month a company started 300000 units of product

During the month a company started 300,000 units of product in a particular manufacturing process. The beginning work in process inventory was 50,000 units, and the ending inventory was 40,000 units. Direct materials are ...

Horizontal and vertical analysisfor this assignment due in

Horizontal and Vertical analysis For this assignment, due in Module Four, you will submit both a horizontal and vertical analysis of Starbucks' accounts receivable, fixed assets, and debt financing. Use basic financial a ...

Actg5210p assignment-sofias furniture sf makes residential

ACTG5210P Assignment- Sofia's Furniture ("SF") makes residential wet bar equipment from real wood and sells them through three sales outlets. The product line consists of two styles of bar stools, three styles of bar cou ...

Cablevision has been approached by the city of mirada to

CableVision has been approached by the City of Mirada to run its cable operations in 2016. After negotiating with key parties, CableVision has made the following agreements: - It will offer Mirada residents a basic set o ...

In this assignment complete sections iii and iv of the

In this assignment, complete Sections III and IV of the project. For this part of the assessment prepare a Word document that addresses the critical elements below. Make sure answer each question in a substantive way and ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate