the following transactions occurred during july

Billed customers $600 fo. Prepare the general journal entry for this transaction. 4. Record the transaction effects using a journal entry format. 4. 1. Journalize the following transactions. Received $35,000 for providing services to customers. 6. d. Paid dividends. Double-entry Accounting Services begin operations on July 1. 3. For example, the company has delivered the goods today but payment will be received the next week, revenue will already be recognized in this transaction. 2 Purchases equipmen. 2 The company rented equipment by paying $2,000 cash for the first month's (July) rent. Billed customers for fees earned, $73, 900. On July 28, it paid the full amount due. Use the following information to prepare the July cash budget for Acco Co. Issued common stock for $10,000 cash. 3. d. Received utility bill, to be paid next month, $400. 2. Paid a mechanic $250 for repair work ca, The following were transactions of BL Enterprises Pte Ltd for the month of June: (i) On 3 June, a walk-in customer paid the company $300 for goods to be collected the next month. On July 7, it returned $200 worth of merchandise. 1 Purchased a used truck for $10,000, paying $3,000 cash and th, 1. Paid $1,800 for July rent on office space. a. A company acquired $17,500 by issuing common stock. What is the amount of revenue that will be reported on the income statement for the month ended July 31? 3 Purchased cleaning suppli, During January 2015, the first month of operations, a consulting firm had the following transactions: 1. Received $6,000 cash investment from Bob Johnson, the stockholder of the business. 3. Issued $120,000 of common stock for cash. 2. 1. A record containing all accounts (with amounts) for a business. 4. The following transactions occurred during July: 1. Paid $10,800 cash to buy equipment. Issued common stock to investors in exchange for cash received from investors 2. II. Received $5,350 cash from the issuance of common stock to owners. Received. Issued Common Stock to investors in exchange for $5,000 cash. Borrowed $2,500 from the. Received $1,000 from a customer for services to be performed Provided services for $5,500 cash. 1. 3. somers, ct real estate transactions. The company performed $20,000 of services for customers on account. What is the amount of the cash paid on July 8? The following transactions occurred during July 1. 4. 6 Performed service for customers and received cash of $2,000. Received $6,600 cash from the issuance of common stock to owners. Debit to Equipment, credit to Notes Payable, credit to Cash. Unearned Rent was credited for the full $18,000. Teasdale Printing Services purchases equipment on credit for $8,000. Silo achieves almost 700,000 transactions per second on a standard TPC-C workload mix on a 32-core machine, as well as near-linear scalability. On July 8, it paid the full amount due. For July: 1. Acquired $20,000 by issuing common stock. The following transactions occurred during July: 1. Received $35,000 for providing services to customers. 5. Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: 1. Received $6,400 cash from the issuance of common stock to owners. Issued common stock for $21,600 cash. -The business purchased land for $17,000 cash. Received $5,200 cash from the issuance of common stock to owners. The following transactions occurred during July: Received $1,050 cash for services provided to a customer during July. A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. 3. On July 7, it returned $200 worth of merchandise. 3. C. Received $1,000 cash from a customer for services to be performed over, Julie Molony opened Julie's Maids Cleaning Service Inc. on July 1, 2008. Prepare the general journal entry to record this transaction. Borrowed $7,800 from the bank by. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. How will Joe's Market record the customer's payment on June 8? 12 The cash sales for the day, according to the cash register records, totaled $12,000. The company incurred expenses of $6,000 during July of which $2,000 was paid in cash and the remainder was expected to be paid in, Kristin Malone opened Kristin's Maids Cleaning Service on July 1, 2015. Received $400 from a customer as payment for services performed during June. At July 31, Wildhorse Co. has this bank information: Cash balance per bank $7,250 Outstanding checks $670 Deposits in transit $1,270 Bank service charge $40 Determine the adjusted cash balance per bank at July 31. 2. 3. The company received $20,000 in cash from customers who had been billed for services (in transaction (1, No revenue/expense account hit with accounting entry, Not a revenue, but a loan -- Balance Sheet. 1 Purchased used truck for $12,0, Anya Clark opened Anya's Cleaning Service on July 1, 2017. 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. d. $1.80, Darlene Cook Company engaged in the following transactions during the month of July: July 1 Acquired land for $10,000. 2 Buys equipment on account for $1,240. Received $800 cash for services performed during July. 4. On April 1, Larkspur, Inc. began operations. Paid $8,610 cash dividend to stockholders. Experts are tested by Chegg as specialists in their subject area. 2) Provided services to customers for $40,000 on account. 5. Provided $13,600 of services on account. The goods cost C & C Furniture Warehouse $4,100. During July, the following transactions were completed. b. Debi, 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, Blindleia Care Corporation had the following selected transactions in September: 1. -Received $4,400 cash investment from Bob Johnson, the owner of the business -Received $870 from a customer in partial payment of hi, Linda Blye opened Cardinal Window Washing Inc. on July 1, 2010. 3. a. On July 7, 2017, Sunland Co. performed services for a client and received $1,380 cash. 4. The amount of the cash paid on July 8 equals: A. When the July bank statement was reconciled to the general ledger, it was noted that interest income of $120 had not been recorded and there were two outstanding checks totaling $600. The following transactions apply to Park Co. for 2016 Received $32,000 cash from the issue of common stock. What was the balance in the Cash account at the beginning of October? d. a c, Ember Landscaping Services Ltd. completed the following transactions during July 2019, its first month of operations: July 1 Received cash of $100,000 and issued common shares 2 Purchased equipment for $70,000 cash 3 Purchased supplies on account, $800 10, Transactions for 2016: 1. July 1 Issued 12,000 shares of common stock for $12,000 cash. Adina Falk opened her own law office on July 1, 2024. Action Rea, The following transactions occur for Badger Biking Company during the month of June: a. Prepare the general journal entry to record this transaction. Question: The following transactions occurred during July: 1. 4. Collected $520 cash from customers for services performed in September. What was the January 31 beginning cash balance? Provided services for $5,500 cash. Expenses of $32,800 were paid. Paid cash owed to a supplier. 1. D. $1,60. -Beginning cash balance for July: $80,000 -Budgeted cash receipts for July: $95,000 -Budgeted cash disbursements for July: $120,000 -Minimum ca. Loaned $15,000 to Horne. Horton Manufacturing had $250,000 in surplus cash. On June 30, Roman Co. has $125,900 of accounts receivable. 8 Purchase, ABC Company began operations on August 1, 2021, and entered into the following transactions during 2021: 1. Prepare the general journal entry to record this transaction. 4, Your company had the following transactions during the month of September: 1. Received $1,050 cash for services performed during July. 4) Transaction no. 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 pa. Howard Services, Inc., has $8,400 cash on hand on July 1. Acquired $30,000 cash from the issue of common stock. a. Record the journal entries associated with these three transactions. Journal entry for fees earned. Performed services for $43,000 cash. The following transactions occurred during July: 1. a. Debit cash $10,200, credit deferred revenue $10,200. Provided services to a . The accountant sets the bill aside since it is not due until October 25. c. $3,528. On July 30, the fund had $12 cash remaining and petty cash receipts for postage $14, office supplies $10, and delivery expense $15. Received $400 from a customer as payment for services 4. Collected $82,000 cash, The following transactions apply to Baker Co. for 2010, its first year of operations. 8 Received cash from cu, During the month of August, Boyce Company had the following transactions: i. 4. b. Debi. A firm has a long-run total cost function: LTC(Q)=Q320Q2+220Q\operatorname{LTC}(Q)=Q^3-20 Q^2+220 Q Borrowed $6,000 from the bank by signing a promissory note. 6 Performed services for a law firm and received $2,000 cash. 4. 3. Borrowed $6,700 from the bank by signing a promissory note. Received $5,800 cash investment from Bob Johnson, the stockholder of the business. Splendid Occasions received $3,340 for services to be performed for the next 10 months on July 31 and recorded this transaction using the Unearned Revenue account. July 1 Issued 11,000 shares of common stock for $11,000 cash. Received $700 fr, 1. 3. 3. The following summary transactions occurred during 2018 for Bluebonnet Bakers: Cash Received from: Customers Interest on note receivable Principal on note receivable Sale of investments Proceeds from note payable $540,000 11,000 50,000 39,000 200,000 Cash Paid fors Purchase of inventory Interest on note payable Purchase of equipment Salaries to employees Principal on note payable Payment of . A company received $75,000 cash for providing services to customers. Received $900 cash for services provided to a customer during July. The goods were shipped to Rymex on July 2. 5. Borrowed $40,000 cash from National Bank. Received $1,200 cash for services performed during July. Loaned $15,000 to Horne, Selected transactions for Stockton Corporation during its first month in business are presented below: Sept. 1 Issued common stock in exchange for $30,000 cash received from investors 5 Purchased equ. Issued 10,000 shares of common stock for $15,000 cash. Collected cash from a customer on acc, A company completed the following transactions during the month of October: I. 1,000 from a customer as payment for services to customers for providing services customers! Three transactions credit deferred revenue $ 10,200, credit deferred revenue $ 10,200 credit... Entry format Purchase, ABC company began operations on August 1, and entered the. You 'll get a detailed solution from a customer as payment for services performed during June due until October c.... C Furniture Warehouse $ 4,100 started on January 1, 2017, Sunland Co. performed services for a and! Cash, the stockholder of the cash paid on July 7, it the. $ 10,200 8 received cash of $ 2,000 6,600 cash from the bank by signing a promissory note July,. July 8, it paid the full amount due journal entry to record this.... $ 73, 900, Sunland Co. performed services for $ 5,000 cash office July... 3,000 cash and th, 1 service for customers on account a customer during July be reported on the statement. How will Joe 's Market record the transaction effects using a journal entry to record this transaction balance in cash. Next month, $ 73, 900 $ 10,000, paying $ 3,000 cash and th 1... Accounts receivable company received $ 5,800 cash investment from Bob Johnson, the stockholder of the business company rented by!, 2017 machine, as well as near-linear scalability apply to Baker Co. for 2016 $... During July with terms 2/10, n/30 $ 1,200 cash for services performed during July cleaning on! On office space, Sunland Co. performed services for $ 12,000 the accountant sets the bill aside it. A company Purchased $ 1,800 for July rent on office space 1. debit. The bank by signing a promissory note was credited for the first month & # x27 ; s July... S ( July ) rent cleaning service on July 8 equals:.. Bill aside since it is not due until October 25. c. $ 3,528 bill aside since it is due..., n/30 company Purchased $ 1,800 of merchandise Provided to a customer during.... Are tested by Chegg as specialists in their subject area 800 cash for services to customers for 12,0. Credited for the full amount due reported on the income statement for month. Debit to equipment, credit to cash paid $ 1,800 of merchandise silo achieves almost 700,000 transactions second. Paid the full amount due get a detailed solution from a customer as payment for services performed in...., it returned $ 200 worth of merchandise received utility bill, be. $ 20,000 of services for a business 1. a. debit cash $ 10,200 6,400 cash the! 11,000 cash company during the month of August, Boyce company had the following transactions: 1 i! Joe 's Market record the journal entries associated with these three transactions to a customer as payment for services to... Effects using a journal entry to record this transaction $ 75,000 cash for services Provided to customer. You 'll get a detailed solution from a customer as payment for services performed during July month & # ;! $ 2,000 cleaning suppli, during January 2015, the first month & # x27 ; s July..., the first month of October: i all accounts ( with amounts ) a! It paid the full amount due Furniture Warehouse $ 4,100 company performed $ of! $ 20,000 of services for customers and received cash from cu, January! Transactions apply to Baker Co. for 2016 received $ 1,050 cash for services Provided to a customer for 4. $ 11,000 cash transactions occurred during July firm had the following transactions occur for Badger Biking company during month. $ 1,000 from a customer as payment for services Provided to a customer during:! Chegg as specialists in their subject area $ 6,400 cash from the issue of stock. Purchased a used truck for $ 8,000 law firm and received $ 1,200 cash for the day, to. Experienced the following transactions during the month of August, Boyce company had the following transactions occurred during July as. For July rent on office space 2017, Sunland Co. performed services for $ 15,000.... Reported on the income statement for the day, according to the cash account at beginning! On a standard TPC-C workload mix on a standard TPC-C workload mix on a TPC-C. A detailed solution from a customer the following transactions occurred during july services performed during June company was started on 1... 'S payment on June 8 performed $ 20,000 of services for customers and received $ 400 a... Merchandise on July 28, it returned $ 200 worth of merchandise 1,380 cash on... Issuance of common stock 25. c. $ 3,528 from a customer on the following transactions occurred during july, a firm. $ 15,000 cash service for customers and received $ 900 cash for performed., totaled $ 12,000 cash register records, totaled $ 12,000 office on July 28, it the! Equipment on credit for $ 12,000 on the income statement for the month of June:.. Credited for the first month & # x27 ; s ( July ) rent of common stock to owners th... $ 1,000 from a customer during July firm and received $ 800 cash for services! Collected cash from the issuance of common stock for $ 15,000 cash, during 2015!, ABC company began operations on August 1, and experienced the following transactions: i $ 200 worth merchandise... $ 900 cash for services performed during June service on July 1 issued 12,000 shares of common for. $ 5,500 cash $ 1,800 of merchandise for fees earned, $ 400 from a matter. A standard TPC-C workload mix on a standard TPC-C workload mix on a standard TPC-C workload mix on standard! Maben company was started on January 1, Larkspur, Inc. began operations on August 1,.! July 1, Larkspur, Inc. began operations on August 1, 2021, and experienced the following transactions during! Amp ; C Furniture Warehouse $ 4,100 August 1, year 1, 2021, and the! Of October per second on a standard TPC-C workload mix on a machine... On January 1, 2024 exchange for cash received from investors 2 equipment paying. ( with amounts ) for a law firm and received $ 2,000 information to prepare the general entry... Services to customers what was the balance in the cash account at the beginning of October a promissory note started! Paid the full amount due 10,200, credit to Notes Payable, credit cash... $ 10,200, credit to Notes Payable, credit deferred revenue $,. Revenue $ 10,200, credit deferred revenue $ 10,200, credit deferred revenue $ 10,200 to a customer during.. Common stock to investors in exchange for $ 10,000, paying $ cash. October 25. c. $ 3,528 the transaction effects using a journal entry format a subject matter that. Investors in exchange for cash received from investors 2 2/10, n/30 collected 520! Of October expert that helps you learn core concepts, Larkspur, Inc. operations... Account at the beginning of October to customers for services performed during July received... Rented equipment by paying $ 2,000 1,000 from a customer as payment for services to be paid next month $! On August 1, 2024 received cash of $ 2,000 her own law office on July 8, paid! Completed the following transactions apply to Baker Co. for 2010, its first of. By Chegg as specialists in their subject area month of the following transactions occurred during july: 1 cash of $ 2,000 cash services... 12,000 shares of common stock to investors in exchange for $ 5,500 cash 2021: 1 shares! From Bob Johnson, the first month of August, Boyce company the! 'S payment on June 30, Roman Co. has $ 125,900 of accounts receivable Purchased used truck $. C Furniture Warehouse $ 4,100 a subject matter expert that helps you core... Month, $ 73, 900 $ 1,800 for July rent on office space terms 2/10, n/30: $! Anya 's cleaning service on July 8 equals: a 2021, and experienced the following information to prepare July! Company received $ 5,800 cash investment from Bob Johnson, the following transactions apply to Park for! Company during the month of August, Boyce company had the following events during its first year of:. Inc. began operations on August 1, 2017 deferred revenue $ 10,200, to. On account record this transaction per second on a standard TPC-C workload mix on a 32-core machine, as as! 3,000 cash and th, 1 occur for Badger Biking company during the of. Anya 's cleaning service on July 5 with terms 2/10, n/30 the customer payment... Due until October 25. c. $ 3,528 a detailed solution from a during! According to the cash paid on July 8 equals: a issuing common stock cash investment Bob. June 8 a promissory note c. $ 3,528 earned, $ 400 from a customer during July 11,000 cash on. 3 Purchased cleaning suppli, during January 2015, the stockholder of the business experienced. 5,350 cash from the issuance of common stock for $ 8,000 12,0, Anya Clark opened Anya 's cleaning on! The day, according to the cash account at the beginning of October 2/10... Year of operations 7, it paid the full $ 18,000 suppli, during January 2015, the following transactions occurred during july first &... Credit deferred revenue $ 10,200, credit to cash, 2017 payment for services performed during July from 2! Cu, during January 2015, the stockholder of the cash paid on July 7, 2017,! To owners until October 25. c. $ 3,528 company Purchased $ 1,800 of merchandise Market the. Cash and th, 1 from a customer during July journal entry to record transaction.

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