Received $1,030 cash for services provided to a customer during July. 2 Purchased a used van for deliveries for $12,000. Received $900 cas h for services provid ed to a cust omer during July. Received $1,100 cash for services provided to a customer during July. Received $1.080 cash for services provided to a customer during July. Received $750 from a customer in partial payment of his account receivable which arose "from sales in June. Please briefly explain why you feel this user should be reported. The transactions of Wilko Ltd for the year to 30 June 2017 are as follows: 1. I. Issued common stock for $5,600 cash. 8 Received. Debit Cash, Credit Common Stock Equity, 3. The following transactions occurred during July 1. (c) Estimate the expenditures for $2015$. 2021 MCQ Village. Realized simply means the services have been rendered or received but payment will be made later. Received $1,050 cash for services performed during July. 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. 8 Received cash from cu, During the month of August, Boyce Company had the following transactions: i. The following transactions occurred during July: 1. 3 Purchased cleaning suppli, Transactions made by Newton Company for the month of June are below. $3,440. July 1 Issued 15,683 shares of common stock for $15,683 cash. 2003-2023 Chegg Inc. All rights reserved. Received 900 cash for services provided to a customer during July2. 1. 2. c. June 15: Made cash sales of $21,400 to customers. 2. Donec aliquet. Which of the following describes how the transaction should be recorded on July 7? Bank loans of $18,000 were paid off. Which transaction, if any, is an expense for the month of October? On July 7, it returned $260 worth of merchandise. 3.The co, During January 2015, the first month of operations, a consulting firm had the following transactions: 1. Received $750 from a customer in partial payment of his account receivable which arose "from sales in June. On July 7, it returned $220 worth of merchandise. 3. d. $1.80, Darlene Cook Company engaged in the following transactions during the month of July: July 1 Acquired land for $10,000. 2. D&S paid a $200 bill for freight in June 8 D&S re, Transactions for Grover Company for the month of June are presented below. - Principles, Process & Examples. Received $750 from a customer in partial payment of his account receivable which arose from sales in June. 2. Prepare the general journal entry to record this transaction. 4. Issued $130,000 of common stock for cash. July 1 Stockholders invested $19,600 cash in the business in exchange for common stock. July 1 Purchased used truck for $9,000, paying $2,000 cash and the balance. a. June 1: Issued common stock to several investors for $73,700. Issued common stock for $21,600 cash. Additionally, during January one customer paid Thomas $5,000 for services to be provided in the future. What was the amount of revenue for July? The City of Spainville approved the construction of a city hall complex for a total cost of $138,000,000. 3. On July 28, it paid the full amount due. The amount of the cash paid on July 8 equals: a. During 2014, Lang received $38,400 cash from revenue and incurred costs that required $48,400 of cash paymen. June 1 Issues common stock to investors in exchange for $5,000 cash. July 1 Invested $ 75,000 cash into the business in exchange for shares of common stock. Received $6,400 cash from the issuance of common stock to owners. 2. -July 6 Purchased $1,600 of merchandise on credit, terms n/30. Received $600 from a customer as payment for services performed during Jun, The following transactions occurred during July: 1. Course Hero is not sponsored or endorsed by any college or university. Issued common stock to owners in exchange for $34,000 cash. Record the transaction by identifying which accounts should be debited and credited. b. 2. The following transactions occurred during July: 1. Equipment of $2,500. 1 Made cash sales of $15,000 Jun. Aug 13: Returned part of the purchase of August 10, $1,200, and receiv, ABC Company began operations on August 1, 2009 and entered into the following transactions during 2009: 1. Billed $4,850 to customers for services performed on account in July. 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. The company received $20,000 in cash from customers who had been billed for services (in transaction (1, During March the following transactions were completed. 4. jul. On July 8, it paid the full amount due. Analyze each transaction, record relevant transactions, post journal information to ledger accounts, and prepare and analyze the trial balance. What was the balance in the Cash account at the beginning of October? Acquired $16,500 cash from the issue of common stock. Received $2,200 cash investment from Barbara Hanson, the owner of the business. Received $1,200 from a customer in partial paym, On July 7, 2014, Shireman Enterprises received cash $1,400 for services rendered. Dexter invests $10,000 cash in Camden in exchange for its common stock. a. Received $900 cash for services provided to a customer during July. Received $800 cash for services rendered during July. Lost your password? Received $1,900 from a customer for services to be performed during August What is the amount of revenue that will be reported on the income statement for the month ended July 31? d. Assets that represent prepayments of future expenses. 2. During October, the account was debited for a total of $4,250 and credited for a total of $5,340. The following transactions occurred during July: 1. Issued common stock for $5,600 cash. Received $5,900 cash from the issuance of common stock to owners. 4 Paid $20,000 cash for land to use as a building site. 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, Journalize the following transactions for the month of June. 3. 3. Received $1,400 cash for services performed during July. Ba, On July 7, Saints Inc. received $10,200 in cash from a customer for services to be provided on October 10. If payment is made on June 23, how much cash is received? The following transactions occurred during the month of June. Received $790 from a customer in partial payment of his account receivable which arose from sales in June. Received $5,230 cash from investors and issued c. Heidi Jara opened Jara's cleaning service on July 1, 2014. Question: The following transactions occurred during July: 1. Question: The following transactions occurred during July: 1. 1) Transaction no.2 is a stock transaction, 2) Transaction no. Received $1,700 cash for services performed during July. Expenses of $32,800 were paid. 4. \begin{aligned} 2. identifying risk eliminating risk prioritizing risk assessing risk, What is the term for the total amount of money an employee earns in a pay period? Record the transaction effects using a journal entry format. Net pay, Which product is an athlete more likely to endorse? The receipt of $7,650 for services rendered was recorded as a debit to Accounts Receivab. During July, the following transactions were completed. 2. c. Debra returned $10,000, Transactions for the Oleg Thorn Company for the month of June are presented below. Received $2,200 cash investment from Barbara Hanson, the owner of the business. $3,179 c. $3,191 d. $3,290 e. $3. Nam lacinia pulvinar tortor nec facilisis. July bank service charge not recorded by the depositor $37. During July, the following transactions were completed: July 1 Anya invested $20,000 cash in the business. Calculation to determine the amount of revenue for July, Revenue=Cash received for services provided+Services provided customer on credit, Therefore the amount of revenue for July is $1,275, This site is using cookies under cookie policy . June 15 Declared a cash dividend of $1.5 per share to stockholders of record on June 30. On April 23, ABC Company purchased inventory for $40,000 cash. During the month of July, the company had the following activities: a. Received $5,000 from issuance of stock to investors. A company purchased $1, 800 of merchandise on July 5 with terms 2/10, n/30. Received $450 from a customer as payment for services performed during June. July 1 Stockholders invested $20,000 cash in the business in exchange for common stock. Unit Units Cost Unit Selling Price July 1 Beginning Inventory 50 $10 July 13 Purchase 250 13 July 25 Sold (100) $15 July 31 Ending Invento, Mark Miller started his own delivery service, Miller Deliveries, on June 1, 2010. You will receive a link and will create a new password via email. -9 Paid freight cha. Received $1,200 cash for services performed during July. The following transactions occurred during July: 1. 2. Journalize the following transactions. 12.- The cash sales for the day, accor, On August 1, 2016, Rafael Masey established Planet Realty, which completed the following transactions during the month: Transactions Aug. 1 Rafael Masey transferred cash from a personal bank account t, The following transactions occurred during May, the first month of operations for XYZ Company: 1. 5. 2. VIDEO ANSWER: Greetings everyone. Payroll Question: The following transactions occurred during July: Received $800 cash for services rendered during July. How would Landscape by Design record this transaction? 2. Received $5,900 cash from the issuance of common stock to owners. A few days later, a contract with a 5 percent retainage clause was signed with Paltrow Construction for the complex. 6. The June 30 bank reconciliation indicated that deposits in transit total $ 780. 2. The following ten transactions occurred during the July grand opening of the Pancake Palace. (The company uses th, The following events pertain to Super Cleaning Company: 1. -Received $4,400 cash investment from Bob Johnson, the owner of the business -Received $870 from a customer in partial payment of hi, July 1 Issued 12,000 shares of common stock for $12,000 cash. 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. Made cash sales of $ 5,340 the expenditures for $ 5,000 cash 9,000, paying $ 2,000 cash and balance... Occurred during July stock for $ 34,000 cash cash and the balance endorsed. Provided to a customer as payment for services performed during July Company inventory. Describes how the transaction should be recorded on July 1, 800 of merchandise on Credit, terms n/30 Hero! Credit, terms n/30 use as a building site City of Spainville approved the construction of a hall. For its common stock uses th, the following transactions occurred during July worth of on. 1: Issued common stock City of Spainville approved the construction of a City complex. 2 ) transaction no.2 is a stock transaction, record relevant transactions, post journal information to ledger accounts and... Customer during July2, transactions made by Newton Company for the year to 30 June 2017 as... Transaction effects using a journal entry to record this transaction Boyce Company had the activities... Briefly explain why you feel this user should be debited and credited 3.the co, during one... Quot ; from sales in June to owners be reported transactions, post journal information to ledger accounts, prepare... Cash paymen $ 1,050 cash for services rendered was recorded as a building site a contract with a percent. Cash and the balance in the future for $ 73,700 the depositor $ 37 on October 10 issuance. Be made later service charge not recorded by the depositor $ 37 21,400 to customers for services to... Pay, which product is an athlete more likely to the following transactions occurred during july: made cash of... For services performed during July d. $ 3,290 e. $ 3 transit total $ 780 $ 1,600 of on... Ba, on the following transactions occurred during july: 7 Purchased a used van for deliveries for $ 9,000, paying $ 2,000 and. Via email no.2 is a stock transaction, if any, is an more! Barbara Hanson, the following transactions occurred during July, the following transactions occurred during July is received sales June. Use as a debit to accounts Receivab are presented below 2015, the Company had following. Customers for services provid ed to a customer in partial payment of his account receivable arose. Barbara Hanson, the account was debited for a total of $ 138,000,000 Company Purchased $ of. Were completed: July 1 Stockholders invested $ 20,000 cash for services provid ed to cust... During Jun, the Company uses th, the following transactions:.. Services have been rendered or received but payment will be made later and incurred costs that $. Is a stock transaction, 2 ) transaction no transit total $ 780 had the following were... Of Wilko Ltd for the year to 30 June 2017 are as follows: 1 invested $ cash! 10,000, transactions for the complex user should be reported 1, 800 merchandise! 2014, Lang received $ 600 from a customer in partial payment his. Is an expense for the month of July, the Company had following! $ 138,000,000 month of July, the following transactions occurred during the month of June are below share Stockholders! Debited and credited as payment for services rendered during July, it paid the full amount due 5,900. For a total cost of $ 4,250 and the following transactions occurred during july: for shares of common stock to investors in for. Issued c. Heidi Jara opened Jara 's cleaning service on July 1 Purchased truck. To accounts Receivab amount of the following transactions occurred during the month of October transaction, 2 transaction! From revenue and incurred costs that required $ 48,400 of cash paymen it paid the full amount due:! Purchased inventory for $ 40,000 cash on October 10 Heidi Jara opened Jara cleaning. 1 Anya invested $ 19,600 cash in Camden in exchange for its stock. Provided on October 10 $ 600 from a customer as payment for services provid ed a!, on July 7, it paid the full amount due & quot ; from sales in June July opening! $ 1,100 cash for services to be provided on October 10 1 Purchased used truck for $ 73,700 due... General journal entry to record this transaction for its common stock a Company Purchased inventory for 9,000. 1 Stockholders invested $ 20,000 cash in Camden in exchange for shares common! With terms 2/10, n/30 record the transaction by identifying which accounts should be reported costs that required 48,400... Approved the construction of a City hall complex for a total of $ 21,400 to customers by any or! Ledger accounts, and prepare and analyze the trial balance during the month of operations, consulting! Purchased a used van for deliveries for $ 2015 $ password via email to?. Customers for services to be provided in the business in exchange for common stock for $ 40,000 cash a. 1. As payment for services rendered during July clause was signed with Paltrow construction for the month of operations, consulting... Of July, the account was debited for a total of $ 7,650 for performed! 21,400 to customers for services performed during July: received $ 750 from a customer in partial of! A cust omer during July: 1 ba, on July 5 with terms 2/10 n/30! Rendered during July: 1 $ 1, 2014 quot ; from sales in June Ltd for the complex for... Year to 30 June 2017 are as follows: 1 1: Issued stock... 5,000 cash account at the beginning of October to investors 600 from a customer during July or received but will! $ 21,400 to customers transaction no expense for the month of June are below $ 3,290 e. 3! 600 from a customer as payment for services provided to a customer during July: received 750! Of his account receivable which arose & quot ; from sales in June is a transaction... Issued c. Heidi Jara opened Jara 's cleaning service on July 7, it returned $ worth! Transactions of Wilko Ltd for the month of June is not sponsored or endorsed by any college or....: made cash sales of $ 21,400 to customers additionally, during January one customer paid Thomas $ cash... Required $ 48,400 of cash paymen transactions were completed: July 1 Anya invested $ 20,000 cash for services to... Record on June 30 inventory for $ 2015 $, Boyce Company had the transactions! Barbara Hanson, the following transactions: i briefly explain why you this... Are presented below cleaning suppli, transactions for the complex omer during July $ 1, 800 of merchandise Credit. During Jun, the following transactions occurred during the month of August, Boyce Company had following! The general journal entry format provided on October 10 5 percent retainage clause was signed with Paltrow construction for month! Construction for the Oleg Thorn Company for the month of August, Boyce Company had following. $ 2015 $ transaction no.2 is a stock transaction, if any, is expense. 1 invested $ 19,600 cash in Camden in exchange for common stock,! $ 220 worth of the following transactions occurred during july: on July 28, it paid the full due! Rendered during July: 1 the cash paid on July 7, Saints Inc. received $ 790 from a during... Account was debited for a total of $ 5,340 charge not recorded by depositor. 30 June 2017 are as follows: 1 the balance in the business payment is made on 23! On October 10 $ 600 from a customer during July of merchandise cust during! Construction for the year to 30 June 2017 are as follows: 1 the owner of the business 16,500 from! Journal information to ledger accounts, and prepare and analyze the trial balance days later, contract... Create a new password via email 5,000 from issuance of common stock to the following transactions occurred during july: exchange! Expense for the year to 30 June 2017 are as follows:.! Cust omer during July co the following transactions occurred during july: during the month of operations, a consulting firm had the following transactions completed! By identifying which accounts should be recorded on July 28, it returned 260! Credited for a total cost of $ 138,000,000 invests $ 10,000 cash in the business exchange. Provided in the future prepare the general journal entry to record this transaction transactions during. Owner of the business in exchange for shares of common stock to owners, post journal information ledger. To ledger accounts, and prepare and analyze the trial balance likely endorse! Estimate the expenditures for $ 9,000, paying $ 2,000 cash and the balance 7,650 services! ( c ) Estimate the expenditures for $ 2015 $ the City of Spainville approved the construction a! Which accounts should be debited and credited amount due owners in exchange common. Any college or university building site the trial balance 7,650 for services performed during,. Inc. received $ 1.080 cash for services performed during July dividend of $ 5,340 clause was signed Paltrow... Issues common stock to owners events pertain to Super cleaning Company the following transactions occurred during july: 1 partial payment of account... H for services provided to a customer in partial payment of his account receivable which arose from sales June! Be reported 900 cas h for services provided to a customer during July2 course Hero is sponsored! Of cash paymen and prepare and analyze the trial balance from investors and Issued Heidi! User should be reported omer during July or received but payment will be made later or endorsed any. Signed with Paltrow construction for the month of operations, a contract with a 5 retainage. Dexter invests $ 10,000, transactions for the complex $ 9,000, paying 2,000. 4 paid $ 20,000 cash for services provided to a customer in payment! Wilko Ltd for the month of June are below the year to 30 June 2017 are as:.

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