CNOW Journal Entries Prepare a journal entry for the purchase of office supplies on September 30 for $1,900, paying $600 cash and the remainder on account. If an amount box does not require an entry, leave it blank.
Prepare a journal entry for the purchase of office equipment on February 19 for $14,800 paying $3,600 cash and the remainder on account. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
GET HELP HERE
Prepare a journal entry on April 30 for fees earned on account, $12,980. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
Prepare a journal entry on August 13 for cash received for services rendered, $7,480. If an amount box does not require an entry, leave it blank.
Prepare a journal entry on August 13 for cash received for services rendered, $63,700. If an amount box does not require an entry, leave it blank.
Prepare a journal entry on December 23 for the withdrawal of $27,000 by Graeme Schneider for personal use. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
Prepare a journal entry on June 30 for the withdrawal of $9,500 by Claire Hope for personal use. If an amount box does not require an entry, leave it blank.
GET HELP HERE
On July 1, the cash account balance was $42,830. During July, cash payments totaled $132,500 and the July 31 balance was $33,850.
Determine the cash receipts during July.
Missing Amount from an Account
On August 1, the supplies account balance was $1,240. During August, supplies of $3,760 were purchased, and $1,600 of supplies were on hand as of August 31.
Determine supplies expense for August.
Errors affecting the trial balance
For each of the following errors, considered individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much. If the debit and credit totals would be equal, enter zero (“0”) in the amount box.
a. The payment of an insurance premium of $9,800 for a three-year policy was debited to Prepaid Insurance for $9,800 and credited to Cash for $8,900.
Indicate whether the debit or credit total is higher and by how much.
by $fill in the blank 2
b. A payment of $350 on account was debited to Accounts Payable for $530 and credited to Cash for $530.
Indicate whether the debit or credit total is higher and by how much.
by $fill in the blank 4
c. A purchase of supplies on account for $2,900 was debited to Supplies for $2,900 and debited to Accounts Payable for $2,900.
Indicate whether the debit or credit total is higher and by how much.
by $fill in the blank 6
GET HELP HERE