the following transactions occurred during july

the following transactions occurred during july

The following transactions occurred between Sasaki's Fine Furnishings and C & C Furniture Warehouse during May of the current year: May 4 Sasakis Fine Furnishings purchased $6,200 of merchandise from C & C. Furniture Warehouse on account, Terms. 4. During July the following transactions were completed. Hardt Corporation began business operations and experienced the following transactions during 2012: 1) Issued common stock for $10,000 cash. Multiple Choice $1,080 $1,635. 4 Paid $20,000 cash for land to use as a building site. 3. July 3 Received cash from J. Smith in payment of June 29 invoice of $350, less cash discount July 6 Issu, Transactions made by Newton Company for the month of June are below. 6. Collected $84,000 cash, The following selected transactions were completed during August of the current year: Aug. 1 Billed customers for fees earned, $74,140. 1 Purchased used, A company purchased $1,800 of merchandise on July 5 with terms 2/10 and 1/30. 2. c. A $400 debit to Insurance Expense and an$800 debit to Interest Expense. The revenue should be recognized in: A) August. Borrowed $80, The following selected data pertain to Phineus Corporation: Cash operating expenses, July 1-31 $180,000 Depreciation 60,000 Merchandise purchases in July 560,000 Estimated payments in July for purchases in June 220,000 Estimated payments in July for purch, Transactions for the Oleg Thorn Company for the month of June are presented below. 2. Deposits in transit, July 31, $1,790. Hallihan Company completed the following selected transactions during June 2010: June 1.- Established a petty cash fund of $500. Preparation of appropriations ledger The following transactions and events occurred in Marilyn County during calendar year 2019: 1. Learn about the difference between cash and accrual accounting. Acquired $15,600 cash from the issue of common stock. Deposits in transit, July 31, $1,790. 5 is an unearned income. Received $2,200 cash investment from Barbara Hanson, the owner of the business. Received $1,800 cash for services provided to a customer during July. 2 Purchased used the truck for $8,000, paying $2,000 cash and the balance on the account. Both companies use a perpetual inventory system. 3. Liabilities increases on the credit side and decrease on the debit. Received $93,000 from a group of investors. Received $900 cash for services provided to a customer during July. 1. The buildings will be financed 4. 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. Sold 20,000 additional shares on July 29, 2017, of capital sto, On April 30, 2018, XYZ Company received $16,800 cash from a customer as payment for services to be performed over the next fourteen months. Issued $130,000 of common stock for cash. Prepare a journal entry on August 13 for cash received for services rendered, $9,000. 2 Purchased used the truck for $8,000, paying $2,000 cash and the balance on the account. Billed $3,500 to customers for services performed on account in July. 3) Received $195 from customers for services to b, Entries for Receipt and Dishonor of Note Receivable : Journalize the following transaction of Sanchez Productions. a. Received $500,000 in Cash from investors in exchange for stock in the company 2. Received $6,000 cash investment from Bob Johnson, the stockholder of the business. A company received $6,000 cash from clients who were billed for services previously provided. (3) Received $300 from a customer in partial payment of his account receivable which arose as a result of sales . Received $1,030 cash for services provided to a customer during July. $700 b. a. 2) Paid RM20,000 cash for land. Received cash for providing accounting services, $9,500. 3. 2. 3. UNITS: COST: VALUE: Beginning inventory. Received $930 from a customer in partial payment of his account receivable which arose from sales in June 4. Journalize BullsEye's transactions for July 1, 2011. Learn about what goes on an income statement and its format, including how to prepare, what is shown, and examples. Received $750 from a customer in partial payment of his account receivable which arose from sales in June. Provided services to a customer on credit, $375. Billed $3,800 to customers for services performed on account in July 5. Cash receipts: Cash received from customers $169,200 Cash received for capital stock 648,000 Cash received from note payable 72,000 Cash payments: Cash paid out for expe, On July 7, Saints Inc. received $10,200 in cash from a customer for services to be provided on October 10. Johnson, Inc. paid rent expense of $3,500 for the month of October. 14 Received, Anya Clark opened Anya's Cleaning Service on July 1, 2017. 2. Paid for the materials purchased in transaction (1) using cash. b. Which of the following statements is false with regard to the debt ratio? Received $5,900 cash from the issuance of common stock to owners. Borrowed $4,000 cash f. A company performed services for a client and received $10,000 cash. Prepare a journal entry on August 13 for cash received for services rendered, $15,000. Equipment of $40,000 was purchased with cash. July 1 Stockholders invested $20,000 cash in the business in exchange for common stock. What accounts are debited and credited to record this transaction? During the year, the following transactions occurred. 1. Apr. Received $950 from a customer in partial payment of his account receivable which arose from sales in June. During July, the company completed the following transactions. Received cash from the sale of common stock, $14,000. Received a 140,000,12, Practice Company began its operations on January 1, 2015. Issued common stock to investors in exchange for cash received from investors 2. Billed customers for services performed. On June 23, 20X8, Mikhal Cosmetics sold $250,000 worth of its products to Rymex Corporation. 3. Collected $82,000 cash, The following transactions apply to Baker Co. for 2010, its first year of operations. Received $3,100 cash investment from Barbara Hanson, the owner of the business. Sept. 5 Purchased equipment for $9,010, paying $3,710 in cash and the, Assume the November transactions for Hoover Co. are as follows: a. Employee salaries of $18,000 for the month of December will be paid in early January 2022. 2. C. Collected cash from customers. Cash balance per bank statement ? Mike Greenberg opened Clean Window Washing Inc. on July 1, 2014. 3. Received cash from, The following transactions apply to Brooks Co. for 2014, its first year of operations. Borrowed $7,800 from the bank by. Billed customers for fees earned, $73, 900. The following transactions apply to Brooks Co. for 2014, its first year of operations. 2 Buys equipment on account for $1,240. 3 Pays $740 to, The following transactions were completed by Nelson's Hardware, a retailer, during September. Began operations by issuing common stock to investors for $40,000 cash 2. Received $6,400 cash from the issuance of common stock to owners. Question: The following transactions occurred during July: 1. Collected $82,000 cash, The following transactions apply to Baker Co. for 2010, its first year of operations. 2. Received $900 cash for services performed during July. The following transactions occurred for Lambert Engineering: July 2 Received $8,000 contribution from Rob Lambert in exchange for common stock July 4 Paid utilities to the expense of $430 Journalize the transactions of Lambert Engineering. $555. Sold merchandise for $20,200, of which, Costanza Company experienced the following events and transactions during July. Received $2,200 cash investment from Barbara Hanson, the owner of the business. 2. Purchased land for $7,000 cash. Collected $220 cash from customers for services performed in August. Received $525 from a customer as payment for services performed during June. July 1 Issued 12,000 shares of common stock for $12,000 cash. (add revenue with beginning retained earning then subtract "expenses"). Billed $3,650 to customers for services perfo, The following transactions occurred during July: 1. 5. The entry to record this transaction will include a. a debit to Service Revenue of $1,400. Purchase of the goods on July 8, 2011. b. The following transactions occurred during March 2021 for the Wainwright Corporation. Paid $300,000 Cash for an Office Building 3. On June 5, Joe's Market sold $1,000 of goods on credit with terms of 2/10, n/30. Received $1,375 from a customer for services to be performed during August. 1) As a result of these transactions, what is the amount of the 2. 3. 2. 2. 3. 3. On July 28, it paid the full amount due. Received $2,200 cash investment from Barbara Hanson, the owner of the business. 1. Received $5,550 cash from the issuance of common stock to owners. 3. 250 units: $ 3.0: $ 750: Purchase 6/15. the Cash account? a. 4 Purchased supplies on account, $2,150. Received $1,320 cash from a customer for services to be performed next year. Opened business by issuing common stock for $36,000. Provided services to a customer on credit. 2. 8 Purchase, ABC Company began operations on August 1, 2021, and entered into the following transactions during 2021: 1. The following transactions apply to Baker Co. for 2010, its first year of operations. Received a 140,000,12. Received $5,900 cash from the issuance of common stock to owners. $3,179 c. $3,191 d. $3,290 e. $3. 1. Heidi Jara opened Jara?s Cleaning Service on July 1, 2014. A firm has a long-run total cost function: LTC(Q)=Q320Q2+220Q\operatorname{LTC}(Q)=Q^3-20 Q^2+220 Q Revenue will be earned next year. 2. 3. Collected $78,000 cash from accounts receivable. During July, the following transactions occurred: July 1 Purchased $11,800 of merchandise on account July 10 Purchased $1,900 of merchandise with cash July 15 Purchased $900 of office supplies on account July 20 Made payment of $5,300 on accounts payable; Eduardo Inc. was organized on July 1, 2009. 2 Purchased a used van for deliveries for $12,000. e. Receive, You have the following Information on Spann Company. On July 7, it returned $200 worth of merchandise. Received $1,100 cash for services provided to a customer during July. Total cash payments for July are $570,030. The cash records of Carla Vista Company show the following. Received $1,200 cash for services performed during July. Received $700 fr, 1. The amount of the cash paid on July 8 equals: a. c. a debit to Cash of $1,400. What is the main reason that interviews and questionnaires are not completely accurate? 1 Paid the dividend declared in February. 2. Sept. 16 Reacquired 55,500 common shares for $17 per share. The following transactions were completed during the month. Borrowed $7,800 from the bank by signing a promissory note. Toggle navigation Cash received for the sale of services to customers $43,000 Cash received from the issuance of common stock $24,000 Cash paid to pur. 2. The actual cash received from, Linda Blye opened Cardinal Window Washing Inc on July 1st 2010. 3. Paid $10,800 cash to buy equipment. A company purchased $3,400 of merchandise on July 5 with terms of 2/10, n/30. Provided services for cash, $22,000. 4. Provided services to customers on account, $2,000. A company purchased $2,400 of merchandise on July 5 with terms 2/10, n/30. What was the amount of revenue for July under the accrual basis? 2. 6. Amena Company received $1,652 cash as fees for services provided to a customer. It allows its clients 90 days to pay for services received. On November 6, Barrow Company performed services for a customer and received $2,000 cash. During July, the following transactions were completed: July 1 Anya invested $20,000 cash in the business. On July 7, it returned $320 worth of merchandise. II. Heidi Jara opened Jara's cleaning service on July 1, 2014. Paid $1,000 cash for rent. Billed customers o, Sparky Company experienced the following transactions during 2014: \\ A. 9 Purchased su, July1 - Stockholders invested $18,000 cash in the business in exchange for common stock. Receive cash of $38,000 from customers in (a) above. Received $750 from a customer in partial payment of his account receivable which arose "from sales in June. Borrowed $2,900 from the bank and signed a promissory note. 1 Purchased used truck for $12,0, Anya Clark opened Anya's Cleaning Service on July 1, 2017. June 1 George Lynch invests $4,683 cash in a small welding business of which he is the sole proprietor. 3 Purchased used car for $8,200 cash for use in the business. 1) Linda invested RM30,000 cash in the business. d. $1.80, Darlene Cook Company engaged in the following transactions during the month of July: July 1 Acquired land for $10,000. The business acquired $10,000 cash by issuing common stock to investors. 2. Journalize the July transactions. 5. July 1 Stockholders invested $19,600 cash in the business in exchange for common stock. Darlene Cook Company engaged in the following transactions during the month of July: July 1 Acquired land for $10,000. Received $2,200 cash investment from Barbara Hanson, the owner of the business. Borrowed. 4. a. Received $930 from a customer in partial payment of his account receivable which arose from sales in June 4. The company owns and operates a wholesale warehouse 1. Provided $1,200 of services on account. Sept. 1 Issued common stock in exchange for $21,080 cash received from investors. During July, the following transactions were completed. 4. Received $7,100 cash from the issuance of common stock to owners. Received $450 from a customer as payment for services performed during June. 3. July 25 Reacquired 490 preferred shares at $70 per share. 3. July 1 Received $3,600 cash in advance of performing work for Vivian Solana July 6 Received $6,400 cash in advance of performing work for Iris Haru July 12 Completed the job f. Kristin Malone opened Kristin's Maids Cleaning Service on July 1, 2017. 4. Received $5,200 cash from the issuance of common stock to owners. It is followed by a return of $50 on June 16. Borrowed $40,000 cash from National Bank. Please give positive ratings so I can keep answering. LTC(Q)=Q320Q2+220Q. c. a debit to Cash of $1,400. 3. Issued 42,000 shares of common stock in exchange for $420,000 in cash. On July 7, it returned $220 worth of merchandise. Assume 360 days in a year. Issued common stock for $6,000 cash. During July, the following transactions were complete: July 1 Issued 13,927 shares of common stock for $13,927 cash. A company provided services to customers and received cash of $5,700. The City of Spainville approved the construction of a city hall complex for a total cost of $ 120,000,000. d. Received utility bill, to be paid next month, $400. On July 15, it was discovered that the following errors took place in journalizing and posting transactions: a. Issued common stock for $10,000 cash. 2. 2 Buys equipment on account for $1,100. 5. Received $850 cash for services performed during July. Learn about cash receipt journals in accounting. 3. a. All other trademarks and copyrights are the property of their respective owners. 2. July 1 Paid six months rent in advance on a lease rental contra, Borrowed $20,000 cash on July 1, 2017, signing a one-year, 10 percent note payable. Received $750 from a customer in partial payment of his account receivable which arose from sales in June. During July, the following transactions occurred. June 1 George Lynch invests $5,888 cash in a small welding business of which he is the sole proprietor. 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. - Purchased $184,000 of equipmen, Using the following transactions: a. Received $35,000 for providing services to customers. c. Received $1,075 from a customer in partial pay, The following transactions occurred during July: 1. 2. June 1 Mark invested $10,000 cash in the business. As a result of these transactions, what is the amount of the increase to the Cash account? performed during June. Borrowed $2,500 from the bank and signed a promissory The company requires a minimum cash balance of $7,500. Issued common stock for cash, $5,000. 2. 5. Provided services to a customer on credit $565. Billed $4,250 to customers for services performed on account in July.

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