the following transactions occurred during july
2. 2. Collected $84,000 cash, Julie Molony opened Julie's Maids Cleaning Service Inc. on July 1, 2008. Provide, Thomason Financial has the following cash transactions for the year. 2. Issued common stock for $5,600 cash. The financial manager decided to invest in a United States Treasury Bill with a face value of$250,000. Received $750 from a customer in partial payment of his account receivable which arose from sales in June. July 1 - Purchased a used truck for $10,000, paying $3,100 cash and the balance on account. 3. 3 Purchased cleaning supplies for $900 on the ac, Journalize transactions: April 1 Received 25,000 and issued common stock. 1. 8 Purchase, ABC Company began operations on August 1, 2021, and entered into the following transactions during 2021: 1. The bank service fee was $35. 1 Purchased a used truck for $10,000, paying $3,000 cash and th. Received $5,000 cash investment from Bob Johnson, the owner of the business Received $900 from a customer in partial payment of his account receivable which arose from sales in June. July 3 - Purchased, July 1 Stockholders invested $17,000 cash in the business in exchange for common stock. Provided services to a customer on credit, $445. Assume 360 days in a year. Sold common stock for cash to start business. B) September. 7 Paid $25,000 cash to acquire land to be used in operations, Astoria Co. had the following transactions during the month of August 2018: 1. July 1 Issued $14,000 of common stock for $14,000 cash. Provided services to a customer on credit, $375. Jefferson Corporation was started on January 1, 2014. 2. July 1 Stockholders invested $17,000 cash in the business in exchange for common stock. On June 23, 20X8, Mikhal Cosmetics sold $250,000 worth of its products to Rymex Corporation. 5. Received $750 from a customer in partial payment of his account receivable which arose from sales in June. Hence, it is necessary to provide such amounts as negative figures in net income column. July 8 Billed customers for $3,000. The following transactions occurred during July: 1. Provided services to a customer on credit, $375. This, Record the transaction effects using a journal entry format. All other trademarks and copyrights are the property of their respective owners. Received $970 cash for services provided to a customer during July. Issued common stock for cash, $5,000. 2. How much cash, if any, A credit sale of $700 is made on July 15, terms 2/10, net/30, on which a return of $50 is granted on July 18. 14 Received, Anya Clark opened Anya's Cleaning Service on July 1, 2017. Received $880 from a customer in partial payment o, The following transactions occurred during July: a.Received $1,550 cash for services provided to a customer during July. 3. The following transactions occurred during the month of October: 1) Paid $1,500 cash for store equipment. 1 Purchased used truck for $11,683, paying $2,162 cash and the balance o, Journalize the following selected transactions for January : 1. $555. b. Issued common stock for $21,600 cash. Prepare journal entries to record the following selected July transactions. 4) Receive. Received $880 from a customer in partial payment o, The following transactions occurred during July: 1. Liabilities increases on the credit side and decrease on the debit. Issued common stock for $5,600 cash. If t1 wrote a tuple that t2 observed (by reading it or overwriting it), then t2's TID must be greater than t1's . The following transactions occurred during July: received $900 cash for services provided to a customer during July. The company requires a minimum cash balance of $7,500. Journalize the July transactions. During July, the company completed the following transactions. a. 3. 4. The following transactions occurred during July: Received $1,050 cash for services provided to a customer during July. Received $450 from a customer as payment for services performed during June. 3. question. 4. 2. A credit sale of $750 is made on June 13, terms 2/10, n/30. 3. 4. Received $750 from a customer in partial payment of his account receivable which arose from sales in June.4. Bank loans of $18,000 were paid off. Received $700 fr, 1. The following transactions occurred during July: 1. $3,179 c. $3,191 d. $3,290 e. $3. 4. New Era Cleaning Service, Inc. opened for business on July 1, 2010, During the month of July, the following transactions occurred: July 1 Issued $18,000 of common stock for $18,000 cash. 3. A company received $75,000 cash for providing services to customers. 1 Purchased a used truck for $10,000, paying $3,000 cash and th, 1. |1 July 2018|Retired a piece of machinery that was purchased on 1 July 2008. Feb. 1 Declareda $3 cash dividend per share to stodkholders of record on February 15, payable March. Borrowed $25,000 cash from creditors. Provided services for $4,600 cash. a. somers, ct real estate transactions. 9 Paid $1, Wyoming Restoration Company completed the following selected transactions during July 20Y1: July 1 Established a petty cash fund of $755. b. Purchased land for $12,000 cash. A company purchased $1, 800 of merchandise on July 5 with terms 2/10, n/30. A $400 credit to Prepaid Insurance and an$800 debit to Interest Payable. Acquired $20,000 by issuing common stock. Provided services to a customer on credit, $575. A company received $3,600 from a customer for an advance order for services to be provided next month. 2) Provided services to customers for $40,000 on account. 2. Heidi Jara opened Jara?s Cleaning Service on July 1, 2014. 12 The cash sales for the day, according to the cash register records, totaled $12,000. 3. b. Debi. July bank service charge not recorded by the depositor $36. 5. The following transactions occurred during July: 1. Loaned $15,000 to Horne. a. Debit cash $10,200, credit deferred revenue $10,200. Received $3,900 cash in advance for services to be per. Cash received from bank loans was $20,000. July 3 - Purchased, The following information pertains to Larkspur, Inc., 1. During July the following transactions were completed. Borrowed $6,000 from the bank by signing a promissory note. 1 Purchased used truck for $9,000, paying $4,000 cas, On July 1, 2018, Tony and Suzie organize their new company as a corporation, Great Adventures, Inc. Services were provided to cust. 3. Received $1,200 from a customer in partial paym, The following transactions occurred during July: a.Received $1,550 cash for services provided to a customer during July. 5. Performed services and left a bill $4,200. 4. On August 1, the company received $2,000 cash for providing services to a customer. A credit sale of $3,600 is made on July 15, terms 2/10, n/30, on which a return of $200 is granted on July 18. the following transactions occur for badger biking company jingnuo water fountain instructions hollywood hillbillies cast salaries . B. 2. On July 8, it paid the full amount due. Received $5,000 cash from the issuance of common stock to owners. Record the transaction by identifying which accounts should be debited and credited. June 1 Stockholders invested $12,927 cash in the business in. July bank service charge not recorded by the depositor $37. note. 2. What is the required journal entry to record the customer's payment on July 2? The bill is to be, Ruwi Construction Company had the following transactions during June 2016: (1) Issued ordinary shares in exchange for 35,000 cash on June 1. 1. $637 c. $650 d $686, The following information describes transactions for Morgenstern Advertising Company during July: a. Acquired $29,000 cash from the issue of common stock. The following transactions were completed during the month. Provided $1,200 of services on account. Prepare the general journal entry to record this transaction. 3. A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. Issued 42,000 shares of common stock in exchange for $420,000 in cash. The City of Spainville approved the construction of a city hall complex for a total cost of $ 120,000,000. Received cash of $40,000 from investors in exchange for capital stock b. What accounts are debited and credited to record this transaction? The following transactions occurred during July: Received $1,030 cash for services provided to a customer during July. A summary of cash flows for July follows. Discover the importance of income statements. Paid $10,800 cash to buy equipment. During July, the following transactions occurred. Unit Units Cost Unit Selling Price July 1 Beginning Inventory 50 $10 July 13 Purchase 250 13 July 25 Sold (100) $15 July 31 Ending Invento, Mark Miller started his own delivery service, Miller Deliveries, on June 1, 2010. July 1 Issued 11,000 shares of common stock for $11,000 cash. The following information is adapted from Cruz Companys unadjusted and adjusted trial balances. The following selected transactions were completed during August between Summit Co. and Beartooth Co.: |Aug.1|Summit Co. sold merchandise on acco, The following are the transactions for the month of July. 1. How would Landscape by Design record this transaction? 2. Equipment of $2,500. Paid $1,800 for July rent on office space. Which of the following items would appear on the income statement? 3. A company has total liabilities of $550 million and total equity of $300 million. Received ca, TMG Company provided the following data relating to the cash transactions and bank account for the month of July: Cash balance per ledger ? 2. The goods cost C & C Furniture Warehouse $4,100. Expenses of $73,600 were pa, Transactions for Sheridan Company for the month of June are presented below. The following transactions occur from August 1 through December 31. Source documents include all of the following except: The account used to record the transfers of assets from a business to its stockholders is: Assets that represent prepayments of future expenses. Received $2,200 cash investment from Barbara Hanson, the owner of the business. $1,564. Aug 10: Purchased merchandise on account, $12,000, terms 2/10, n/30. Principal and interest at 12% will be paid on January 31, 2019. Cash balance per books, July 31, $7,864. Question: During the year, the following transactions occurred. Incurred $60,000 of factory labor. The record in which business transactions are first recorded is the: Which of the following is the appropriate journal entry if a company performs a service and then bills the customer? The increase in the cash account is $13,050. Received $3,100 cash investment from Barbara Hanson, the owner of the business. Received $6,600 cash from the issuance of common stock to owners. Borrowed $40,000 cash from National Bank. Received $5,350 cash from the issuance of common stock to owners. A, X Company, a merchandiser, started business on June 1. Received $750 from a customer in partial payment of his account receivable which arose from sales in June. Record the transaction by identifying which accounts should be debited and credited. Received. Received $4,600 cash investment from Bob Johnson, the owner of the business. Also, the balances are provided for the month ended July 31. Darlene Cook Company engaged in the following transactions during the month of July: July 1 Acquired land for $10,000. On April 1, the accounts had balances as shown in the T-accounts below: The following transactions occurred during April: (a) Purchased materials on account at a cost of $233,170. 4. Received $525 from a customer as payment for services performed during June. Business Advisory; Business Valuation; Corporate Finance; Cash Flow Modelling; M&A Advisory; Venture Capital; Private & Public Partnerships; Owner Supervision And Internal Control; Family Wealth Management; International IPO; 4 is a borrowing transaction affecting the asset and liability sections of the balance sheet. The company paid cash. -The business purchased land for $17,000 cash. A company received $4,720 cash for services provided. Received partial payment on account $1,500. 3. 1. 2. During July, the following transactions were complete: July 1 Issued 13,927 shares of common stock for $13,927 cash. Received $930 from a customer in partial payment of his account receivable which arose from sales in June 4. The following transactions occurred during July: 1. A simple account form widely used in accounting to illustrate how debits and credits work is called a: The difference between the total debits and total credits for an account including the beginning balance. 2 Purchased $800 of office supplies on account. Debit memo for July service charge 5,000 Deposit of July 31 not recorded by bank, The following events pertain to Super Cleaning Company: 1. 1) Linda invested RM30,000 cash in the business. Purchased plant and equipment for $127.9 in cash. 3 Purchased cleaning supplies for $900 on the ac. What accounts are debited and credited to record this transaction? July 1: Purchased used truck, A company purchased $3,700 of merchandise on July 5 with terms 3/10, n/30. July 1 Issued 15,683 shares of common stock for $15,683 cash. Acquired $15,600 cash from the issue of common stock. Opened business by issuing common stock for $36,000. Received $1,800 cash for services provided to a customer during July. copyright 2003-2023 Homework.Study.com. 1.The company provided $21,160 of services for customers on account. Received $1,375 from a customer for services to be performed during August. 2. - Received cash from cust, On August 1, 2XXX, Jackson Corporation purchased machinery from Morgan Company for expanding its production operation. Provided services on account, $33,000. July 1 Purchased used truck for $9,000, paying $2,000 cash and the balance. Received $7,100 cash from the issuance of common stock to owners. During July, the following transactions were completed: July: 1: Issued 12,131 shares of common stock for $12,131 cash. 3. Received $820 from a customer in partial payment of his account receivable which arose from sales in June. The following transactions occurred during July: Received $1,050 cash for services provided to a customer during July. 3. Received $820 from a customer in partial payment of his account receivable which arose from sales in June. Received $2,200 cash investment from Barbara Hanson, the owner of the business. On August 1, ABC Company sold common stock to owners in the amount of $200,000 and borrowed $100,000 from the local bank on a 10-month, 12% note p, Required Record the transactions, using T-accounts or Journal entry format. 2. Received $900 cash for services provided to a customer during July. Both companies use a perpetual inventory system. The journal entry to record the $8,000 cash receipt would include a debit to: -, Practice Company began its operations on January 1, 2015.