During september, the following transactions occurred e 5-4 on june 10, meredith company purchased $8,000 of merchandise from leinert company fob shipping point, terms 2/10, n/30. Analyzing transactions and recording them as journal entries is the first step in the accounting cycle it begins at the start of an accounting period and continues during the whole period the rest are recorded in a general journal the following example illustrates how to record journal entries. Director since 2007 susan e arnold, 63, has been an operating executive of the carlyle group, an equity investment firm, since september 2013she retired as president — global business units of procter & gamble in 2009, a position she had held since 2007.
Ax consultant since 2013 the journal has 1 voucher with about 940 transactions, all in usd i've gotten some google results, but nothing to solve my problem the transaction on voucher int000001 do not balance as per date (acounting currency & reporting currency 000. The turnbull government has lodged a second series of complaints to the abc about the network's chief economics correspondent emma alberici, this time over her reporting on innovation spending. Ances as of september 1 are given below all are normal balances the following transactions occurred during september of this year t accounts, debits and.
Transactions after adding financial reporting requirements aimed primarily at large public companies over the past over the summer, the fasb issued four proposals from the pcc to allow private companies to apply alternatives under us gaap for financial reporting related to the following. Connect - financial accounting chapter 2 1 groro co bills a client $62,000 for services provided and agrees to accept the following three items in full payment: (1) $10,000 cash, (2) computer equipment worth $80,000, and (3) to assume responsibility for a $28,000 note payable related to the computer equipment. A reportable series of transactions has not occurred because only transactions involving securities of the the following are all rules, proposed rules, and notices (chronologically) published in the the department of labor is extending until august 7, 2013, the comment period for an advance notice. Once all amounts are posted, determine the missing amount---a credit is needed for $81,900 to make the t-account balance costs of shipping products to customers is a period cost because it is not part of the cost of getting the materials or products ready to use or sell. Be4-1 transactions that affect earnings do not necessarily affect cash identify the effect, identify the effect, if any, that each of the following transactions would have upon cash and net income.
For the year ending december 31, 2013, micron corporation had income from continuing operations before taxes of $1,390,000 before considering the following transactions and events all of the items described below are before taxes and the amounts should be considered material. G prepare journal entries to record the following transactions entered into by elway company: g) diario general 2001 june 1 received a $15,000, 12%, 1-year note from ann grey as full payment on her account. Transactions in june: earned $4,000 cash for services rendered collected $2,500 from a customer on account paid out $200 cash for plumbing services 6) financial statements are prepared after an entity's transactions are analyzed and recorded which of the following reports is not one of the.
The following transactions are typical operating activities for florida flippers, a scuba diving and instruction company the bill will be paid in october this cost was incurred for september advertising services, so according to the expense recognition principle it should be recorded as an. Abc company began operations on august 1, 2013 and entered into the following transactions during 2013: 1 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 payable. Jl health services reported a net loss-aoci in last year's balance sheet this year, the company revised its estimate of future salary levels causing its pbo estimate to decline by $24 also, the $48 million actual return on plan assets was less than the $54 million expected return. Waupaca company establishes a $350 petty cash fund on september 9 on september 30, the fund shows $104 in cash along with receipts for the following expenditures: transportation-in, $40 postage expenses, $123 and miscellaneous expenses, $80. On september 1, abc company sold one-half of the inventory purchased on june 23 to a customer for $35,000 cash 5 a physical count revealed that supplies costing $5,000 were still on hand at december 31 calculate the amount of total assets that abc company would report in its december 31, 2007 balance sheet after all the above transactions are.
Following accounting entry will need to be recorded to account for the interest expense accrued which of the following transactions and events should give rise to accrued expense in abc ltd's financial statement abc ltd receives rent income in advance. 1 issues shares of common stock to investors in exchange for $10,000 dr cash 10,000 cr common stock 10,000 4 pays insurance in advance for 3 months, $1,500 dr prepaid insurance 1,500 cr cash 1,500 16 receives $900 from clients for services rendered. Separate form 1099-b report transactions involving report sales of each of the following types of securities on a in abc corporation in april 1997, april.
Management reports description the management reports host a variety of critical accounting reports about when a distribution date does not begin or end on the boundaries of a pay period, the following calculation is latest fbs news accounting month closed for september 2018-you. For september, immigrant numbers in the dv category are available to qualified dv-2013 applicants chargeable to all regions/eligible countries as follows applicants should follow the instructions in their notification letter and must fully complete the information requested. Following the example in a below, indicate the effects of transactions b through i on assets, liabilities, and equity, including identifying the individual accounts affected a. Woodward enterprises had the following events during 2013: the business issued $21,000 of common stock to its stockholders the business purchased land for $13,000 cash services were provided to customers for $17,000 cash.
D) journalize the following transactions for tammy company sept 1 sold 3500 of merchandise to f) journalize the following and omit explanations abc coorperation purchased 15000 of office the site and services are provided as is with no warranty or representations by justanswer regarding. Unilever group reports the following equity information for the years ended december 31, 2013 and 2012 (euros in millions) what were unilever's 2013 dividends assuming that only dividends and income impacted retained profit sept 9 directors declared a $2 per share cash dividend payable on october 22 to the september prepare journal entries to record each of these transactions for 2016. A) $ 980 b) $2,330 c) $9,000 d) $4,800 24-48 abc services reported the following transactions for september, 2013 a) the owner opened the business with a capital contribution of $23,500 cash it was credited to capital.