the following transactions occurred during julythe following transactions occurred during july

management in ZARA and how it plays a significant role in t A company received $6,000 cash from clients who were billed for services previously provided. 6. The unadjusted balance per the bank statement on July 31 was $64,854. b. The goods were shipped to Rymex on July 2. On July 7, it returned $280 worth of merchandise. Received $2,200 cash investment from Barbara Hanson, the owner of the business. 5. 3. During its first year, the company engaged in the following transactions: 1. Purchased used truck for $9,000, paying $2,000 cash and the balance o, Dana La Fontsee opened Pro Window Washing Inc. on July 1, 2012. A summary of cash flows for July follows. Collected $220 cash from customers for services performed in August. During the month of July, the company had the following activities: a. 4. Dividends of $9,500 were paid to stockholders in cash. Issued 41,000 shares of common stock in exchange for $410,000 in cash. LTC(Q)=Q320Q2+220Q. On July 7, it returned $410 worth of merchandise. Our experts can answer your tough homework and study questions. |1 July 2018|Retired a piece of machinery that was purchased on 1 July 2008. Issued common stock for $5,600 cash. 2. Received cash of $40,000 from investors in exchange for capital stock b. Sept. 16 Reacquired 55,500 common shares for $17 per share. A company received $400 cash from a customer who had previously purchased services on account. July 1 Stockholders invested $20,000 cash in the business in exchange for common stock. $700 b. The following transactions occurred during March 2021 for the Wainwright Corporation. 4. 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. d. June 29: Paid a $6, Darlene Cook Company engaged in the following transactions during the month of July: July 1 Acquired land for $10,000. Received $1,050 cash for services performed during July. Multiple Choice $1,080 $1,635. Received $1,800 cash for services provided to a customer during July. 14 Received, Anya Clark opened Anya's Cleaning Service on July 1, 2017. 2. 3. Use the information above to answer the following 1) Transaction no.2 is a stock transaction, 2) Transaction no. 2) Provided services to customers for $40,000 on account. 2. 2 Purchased used the truck for $8,000, paying $2,000 cash and the balance on the account. -Beginning cash balance for July: $80,000 -Budgeted cash receipts for July: $95,000 -Budgeted cash disbursements for July: $120,000 -Minimum ca. Issued $16,870 in direct materials to the production department. 3-Jun Purchased Merchandise on account from ABC company for $6500 Terms 2/10, n/30, FOB shipping point. b. What is the necessary entry to record this transaction? 3. During July the following transactions were completed. Acquired $16,500 cash from the issue of common stock. 1 Announced a 2 for-1 stock split. A company purchased $2,400 of merchandise on July 5 with terms 2/10, n/30. 4) Paid $1,200 to the owner of t, Nikonowicz Enterprises experienced the following events during 2012, its first year in operation: 1. Requisitioned materials for Cutting $15,700 and Assembly $8,900 July 1 Issued 15,683 shares of common stock for $15,683 cash. 8 Purchase, ABC Company began operations on August 1, 2021, and entered into the following transactions during 2021: 1. July 9 Sold $20,000 of accounts receivable to Main Bank. Feb. 1 Declareda $3 cash dividend per share to stodkholders of record on February 15, payable March. Revenues earned and received in cash amounted to $33,500. 2. 4. Our experts can answer your tough homework and study questions. Transactions made by Huddleston Co. for the month of March are shown below. (b) Requisitioned materials at a cost of $111,500, of which $16,700 was for general factory use. Sept. 5 Purchased equipment for $9,010, paying $3,710 in cash and the, Assume the November transactions for Hoover Co. are as follows: a. Paid one year's insurance in advance, $2,400. D. Borrowed money to support operating activities. owners. Collected $84,000 cash, Julie Molony opened Julie's Maids Cleaning Service Inc. on July 1, 2008. Issued common stock for $2,200 cash. Provided services to customers on account, $95,000 3. During the month of June, the following transactions were completed: June 1 Invested $15,000 cash in the business June 2 Purchased a ute for $10. A $400 debit to Insurance Expense and an$800 debit to Interest Payable. Analyze each transaction, record relevant transactions, post journal information to ledger accounts, and prepare and analyze the trial balance. 2 The company rented equipment by paying $2,000 cash for the first month's (July) rent. Issued common stock for $6,000 cash. 1-Jun Paid rent for June $2600. a. Debit cash $10,200, credit deferred revenue $10,200. The company performed $20,000 of services for customers on account. Received $1,030 cash for services provided to a customer during July. On July 8, it paid the full amount due. 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 p, Required Record the transactions, using T-accounts or Journal entry format. Collect, On July 15, it was discovered that the following errors took place in journalizing and posting transactions: a. 2. 3. 3. 1 July 1 31 Dec. Received $1,250 cash for services performed during July. July cash collections are $548,450. The following transactions occurred during July: Received $1,050 cash for services provided to a customer during July. 4. The company owns and operates a wholesale warehouse. On April 1, Larkspur, Inc. began operations. Calculate the amount of unearned revenue that would appear i. 3. 4. Provided services of $15,600 on account c. Purchased supp. 2. Received $850 cash for services performed during July. 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. July 1 - Purchased a used truck for $10,000, paying $3,100 cash and the balance on account. $3,600 c. $3,395. B. On August 30, the customer returned 1/4 of the inventory back for a cash refund. June 1 Mark invested $10,000 cash in the business. A credit sale of $750 is made on June 13, terms 2/10, n/30. Record the journal entries associated with these three transactions. 2) Paid RM20,000 cash for land. Credit terms were 2/10, and n/30. A company purchased $3,600 of merchandise on July 5 with terms of 2/10, n/30. Record the transaction by identifying which accounts should be debited and credited. f. Received $1,250 cash from a customer for services to be rendered next year. Received $880 from a customer in partial payment of his account receivable which arose from sales in June. Issued 11,000 shares of common stock for $11,000 cash. Received $2,200 cash investment from Barbara Hanson, the owner of the business. What was the cost of the Treasury Bill? Issued common stock for $23,500 cash. Received $1,050 cash for services performed during July. Received $50,000 cash from the issue of common stock. 3. Received cash from, The following transactions apply to Brooks Co. for 2014, its first year of operations. 4, 3) Payment received from accounts receivable, 6) Payment received in advance for services to be performed in August. A company purchased $2,900 of merchandise on July 5 with terms 1/10, n/30. Provided $98,000 of services on account. This, Record the transaction effects using a journal entry format. Issued common stock for $10,000 cash. 5. Morgan has given Jackson three options for payment. Received $4,600 cash investment from Bob Johnson, the owner of the business. 3) Bought RM500 of office supplies on credit. Debit Cash for $10,000 and credit Common Stock for $10,000. c. Purchase bike equipment by signing a note with the, The following are the transactions for the month of July. Received $900 cash for services provided to a customer during July. Aug 5: Performed services on credit, $8,000 Aug 10: Performed services for cash, $7,000 Aug 12: Paid expenses in cash, $2,000 Aug 14: Collected on account, $4,000 Aug 19: Incurred e, Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: 1. Received $1,030 cash for services provided to a customer during July. Units Unit Cost Unit Selling Price July 1 Beginning Inventory 53 $10 July 13 Purchase 265 13 July 25 Sold (100) $15 July 31 Ending Invento, During the month of May, Henderson Company had the following transactions: Revenues of $52,000 were earned and received in cash. Issued $120,000 of common stock for cash. 2. 2. Received $1,800 cash for services provided to a customer during July. 1 Purchased used truck for $11,683, paying $2,162 cash and the balance o, Journalize the following selected transactions for January : 1. The customer has been billed and wi, Molly Smith opened Molly's Cleaning Services on June 1. On July 7, 2017, Sunland Co. performed services for a client and received $1,380 cash. C) December. Journalize the following transactions. The following transactions occurred during July: received $900 cash for services provided to a customer during July. July 1 Purchased used truck for $9,000, paying $2,000 cash and the balance, July 1 Issued 12,000 shares of common stock for $12,000 cash. July 1 Purchased used truck for $9,000, paying $2,000 cash and the balance. July 1 Issued 11,000 shares of common stock for $11,000 cash. 2. The following transactions apply to Baker Co. for 2010, its first year of operations. Received $14,000 cash from a previously billed customer for services performed. Provided services to a customer on credit $565. Question The following summary transactions occurred during 2021 for Bluebonnet Bakers: The company owns and operates a wholesale warehouse 1. C. $1,568. 4. Total sales were $900, of which 80% were on credit. Received $6,600 cash from the issuance of common stock to owners. Received cash from. Paid $1000 off a loan obtained during July. Received $900 cash for services provided to a customer during July. Prior to the split, the market price per share was $35. A, X Company, a merchandiser, started business on June 1. Paid expenses amounting to, Journalize the following selected transactions for January : 1. On 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 on July 31. Stonyfield Farm had the following transactions during its first month of operations: June 1 The company received cash of $35,000 and issued common stock to the shareholders. The following transactions occurred during July:Received $900 cash for services provided to a customer during July. b. On July 8, it paid the full amount due. 5. Expenses of $73,600 were pa, Warren Enterprises had the following events during Year 1: -The business issued $25,000 of common stock to its stockholders. Cash receipts: Cash received from customers $169,200 Cash received for capital stock 648,000 Cash received from note payable 72,000 Cash payments: Cash paid out for expe, On July 7, Saints Inc. received $10,200 in cash from a customer for services to be provided on October 10. 2. Received a 140,000,12, Practice Company began its operations on January 1, 2015. 1. 3. $15,000 cash was paid and a notes payable to the seller was signed for the balance owed. Received cash of $40,000 from investors in exchange for capital stock. Provided services to a customer on credit. 3) Paid October's utility bill of $600. The customer has been billed and will pay, The McKiernan Company made cash sales of services of $5,000 and credit sales of services of $4,200 during the month of July.

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