Question

How to prepare journal entries in accounting???

How to prepare journal entries in accounting???

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Prepare journal entries for each transaction and ensure that the accounting equation is still in balance....
Prepare journal entries for each transaction and ensure that the accounting equation is still in balance. 1) Sign contract for first website design for 10,000 Assets= Liabilities + Stockholders' equity 2) Company pays off $300 accounts payable Assets= Liabilities + Stockholders' equity 3) Company pays for and receives $600 worth of supplies Assets= Liabilities + Stockholders' equity 4) Company acquires and receives $1,000 worth of equipment Assets= Liabilities + Stockholders' equity 5) Order a $900 computer, to be delivered in...
business-accounting question. thanks Prepare the following journal entries and calculations: (a) A patent that was acquired...
business-accounting question. thanks Prepare the following journal entries and calculations: (a) A patent that was acquired for $820,000 at the beginning of the current year expires in 15 years and is expected to have value for 6 years. Present the adjusting entry to amortize the patent for the current year. (b) Mineral rights on an ore deposit estimated at 8,000,000 tons of ore were acquired for $5,600,000. Present the adjusting entry to record depletion for the current year, during which...
1. Current liabilities a. Definition of current liabilities b. Accounting for payroll i. Prepare journal entry...
1. Current liabilities a. Definition of current liabilities b. Accounting for payroll i. Prepare journal entry to record payroll ii. Prepare journal entry to record payroll taxes 2. Understand the classifications: secured and unsecured bonds, callable and convertible bonds 3. Understand the concepts: market interest rate, contractual interest rate, face value, market value (the present value) of a bond 4. Accounting (journal entries) for bonds transactions a. How is the price of a bond quoted? b. Issuance of bonds at...
what is the difference between supplies and inventory in accounting transactions and journal entries
what is the difference between supplies and inventory in accounting transactions and journal entries
REQUIREMENTS: 1. Prepare Journal Entries in the General Journal and post to the General Ledger. 2....
REQUIREMENTS: 1. Prepare Journal Entries in the General Journal and post to the General Ledger. 2. Prepare adjusting entries in the General Journal and post to the General Ledger. 3. Prepare an Income Statement, Equity Statement, and Balance Sheet 4. Prepare closing entries in the General Journal for the month of October. Note: If you are using the Journal Forms provided in Excel, you will only need to enter your transactions in the journal. The General Ledger and the Financial...
what is the accounting treatment for revenues? and what is the journal entries when you make...
what is the accounting treatment for revenues? and what is the journal entries when you make the revenues?
Seen Company has the following transactions. Prepare all required journal entries for the following.  Journal entries should...
Seen Company has the following transactions. Prepare all required journal entries for the following.  Journal entries should be in good form.  No explanations are required. 1) At December 31, the company calculates their estimated uncollectable amounts for the end of the year to be $50,000.  The balance in the allowance for doubtful accounts is presently at $15,000 debit. 2) On July 1, the company sells merchandise on account for $2500 terms 2/10, n/30.  The cost of the merchandise was $1250.  The company uses a perpetual...
Prepare journal entries to eliminate Porter Company's investment in Sewell Company in the preparation of a...
Prepare journal entries to eliminate Porter Company's investment in Sewell Company in the preparation of a consolidated balance sheet at the date of acquisition for the following case: Sewell Company Equity Balances Cash Percent of Stock Owned Investment Cost Common Stock Other Contributed Capital Retained Earnings 75 $450,000 $145,000 $190,000 $55,000 There is no difference between the book value of net assets acquired and the fair values. Prepare the ELIMINATION journal entries.
Make a "Inti Tour" website design contract of Rp2,000,000. Prepare journal entries to record!
Make a "Inti Tour" website design contract of Rp2,000,000. Prepare journal entries to record!
​​​​​​ Prepare the journal entries for the following: Utilities (Indirect expenses) paid in cash $ 10000...
​​​​​​ Prepare the journal entries for the following: Utilities (Indirect expenses) paid in cash $ 10000 f.    Salaries totaling $5,000 are accrued; 35% of these costs are direct labor, 40% are indirect labor and 25% are overhead expense. Prepare the journal entry. g.   Overhead costs are allocated to work in process using an allocation rate of 150% of direct labor costs and 300% of overhead expenses. Prepare the journal entry. (Give different examples- examples should not be same)
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT