appropriate journal to be used
Q: What kinds of transactions can be recorded in a general journal?
A:
Q: Prepare a journal entri
A: Journal entries recording is the initial step in accounting process, under which atleast one account…
Q: Classify and fill which type of journal does the transaction matches.
A: Introductions: Journals: Recording of a business transactions in a chronological order. First step…
Q: complete the following journal entries
A: Journal entries recording is the first step of accounting cycle process, in which atleast one…
Q: Describe journal entries for external transactions.
A: A external transaction is a transaction which is entered by two people or two entities to exchange…
Q: Make a general ledger for this general journal below
A: General ledger is a keeping record on the basis of journal entries or transactions recorded by the…
Q: Please Prepare Journal Entries
A: Journal entries recording is the first step of accounting process, in which atleast one account is…
Q: What is the definition of a journal entry?
A: Journal entry is an act of maintaining a record of transactions whether economic or non economic.
Q: Prepare Journal Entry
A: Notes Receivables are those receivables which the company has which will be received by the company…
Q: Journalize ize
A: Journal entries ,ledgers, trial balance and financial statement are prepared to provide the…
Q: Requirement: Prepare the journal entries.
A: Journal Entry The Purpose of providing the journal to enter the required transaction into debit and…
Q: Analyze and review the following items and determine the appropriate journal entry.
A: Investment:- An investment is considered as the asset which is acquired with the motive to generate…
Q: e journal entries
A: Trade discount (List price * Rate of discount) = P108,000 * 15% P16,200 A Balance amount payable…
Q: Identify what special journal that is applicable for the following transactions:
A: Given: Payment received from Customer ₱10,000 Purchase made on Credit…
Q: Prepare journal entries to record the transactions.
A: Journal: It refers to an account which records all the financial transactions pertaining to a…
Q: : Provide the journal entries.
A: A journal entry is the act of keeping or making records of any transactions either economic or…
Q: structions: repare the entries in the Journal
A: Step 1 Journal is the Part of Book keeping.
Q: Journal entry?
A: Answer:
Q: How to record General journal
A: General journal is the book of original entry in which the entities record the financial…
Q: Give its Journal Entry
A: Journal entries recording is the initial step of accounting cycle process, under which atleast one…
Q: prepare journal entries
A: Journal Entry The basic process accounting is to enter the required transaction which are incurred…
Q: how to prepare journal entries
A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…
Q: Required: Journal entries
A: All business transactions are recorded in a journal book so that every transaction can be easily…
Q: What information from this invoice would be entered in the Source Document column of the journal?…
A: Source document is a document from which information of transaction is obtained for journal entry.…
Q: In this table please provide journalizing
A: Journal is a book in which all business transactions are recorded in the order in which they occur,…
Q: Give two examples of entires which appears in a ' Journal Proper'.
A: Journal proper: Journal proper is used to record miscellaneous transactions that which don’t find…
Q: he journal entries to
A: The recording of transactions for issue and re-purchase of stocks can be done through journal…
Q: Use the following abbreviations to indicate the journal in which you would record tra
A: A journal is a book of primary entry where a transaction is entered for the first time. The main…
Q: Journalize the following transactions. Thank you!
A: At the time of recording journal entries, rules of debit and credit are followed by debiting atleast…
Q: Need journal entries
A: Partnership means where two or more person comes together to do some common business activity and…
Q: Prepare journal entries
A: Jan 1 Cash Dr 3,000,000 To Capital 3,000,000 Jan 2 Purchase Dr 2,000,000 To Atlas…
Q: Prepare journal entries for the above transactions
A: These are the accounting transactions that are having a monetary impact on the financial statement…
Q: Tollowing inrormation, prepare a general journal entry to
A: In Payroll accounting we debit the total amount payable as…
Q: Provide the necessary journal entries using the area-of-interest method
A:
Q: Create journal entries for the following:
A: a. No entry is made on the grant date as no transaction is being entered into by an employee and…
Q: Make a general journal using these transactions.
A: Journal entries for the above transaction, please refer below
Q: Prepare all the journal entries .
A: 1)Cash account Dr ::$30,000... Bank account Dr :::$20,000 To Capital Account ::$50,000..…
Q: REQUIRED: JOURNAL ENTRIES AND TRIAL BALANCE
A: Journal entries recording is the first step of accounting cycle process, under which atleast one…
Q: : Provide all the necessary journal entries.
A: On Jan 1,20x1: = Number of SAR × Fair value = 1000 × 20 = 20000 On Dec 31,20x1: = (Number of…
Q: Record Journal Entries
A: Journal entries are those entries which a company have to record on the book of original entries.…
Q: Prepare journal entries to record the following transactions.
A: Concept introduction: Journal entry is the entry made in Journal books; it is also called books…
Q: how to fill in general journal
A: The general journal is maintained essentially on the concept of double entry system of accounting,…
Q: Prepare the journals for all transactions
A: Journal entry is the entry which is recorded on the day book whose other name is also journal book…
Q: EQUIREMENT: JOURNAL ENTRIES
A: The accounting items that is reported as financial records includes assets, liabilities,…
Q: please journalize following transactions or activity thanku
A: Refer below for the journal entries for the above transactions
Q: COMPLETE THE JOURNALIZING
A:
Identify the appropriate journal to be used in each item below
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- You returned damaged goods you had previously purchased from C.C. Rogers Inc. and received a credit memo for $250. Which journal would your company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journalDirections: Journalize the transactions in the General Journal, and Special Journals: Sales Journal, Purchases Journal, Cash Receipts Journal, Cash Payment Journal; and posts in the General Ledger and Subsidiary Ledgers. Write your answers in a separate needed answer sheet. You decided to open a Mini Grocery in your barangay. The following are the transactions in December of the current year: 1 You invested ₱100,000 cash and equipment for ₱25,000 in the business. 4 Purchased furniture on cash for ₱5,000. 6 Purchased supplies on cash for ₱2,500. 8 Purchased merchandise from ABC Merchandising for ₱20,000. Terms: 2/10, n/30. 10 Purchased merchandise from XYZ Merchandising for ₱12,000 on cash. 12 Paid the freight on merchandise bought above for ₱500. 15 Sold merchandise to various cash customers for ₱10,000. 16 Sold merchandise to Mr. Perez for ₱8,000. Terms: 2/10, n/30. 17 Paid the freight on merchandise sold above for ₱200. 18 Paid the wages employees for ₱4,000. 19…Directions: Post each journal entry to its corresponding ledger. Write your answers on a separate sheet of paper. 1. The owner purchased supplies worth P10,000. GENERAL JOURNAL Page 1 Date Account Titles and Explanation P.R. Debit Credit 2019 Jul- 02 Supplies 103 P 10,000 Cash 101 P 10,000 To record purchase of supplies Account Name: Account No. Date Account Titles and J.R. Debit Credit Balance Explanations Account Name: Account No. Account Titles and Explanations Date J.R. Debit Credit Balance 2. The business received P8,000 for services rendered. GENERAL JOURNAL Page 2 Date Account Titles and Explanation P.R. Debit Credit 2019 Jul- 16 Cash 101 P 8,000 Service Revenue 401 P 8,000 To record cash received for services rendered
- Journalize the transactions in a merchandising business using the tables below CRJ (cash receipts journal), and CDJ (cash disbursement journal). Afterjournalizing, make a summary of the transactions as recorded in cash receipts journal and cash disbursement journal.Write your answer on a columnar sheet. Date TransactionNovember1 Iska, the owner, invested ₱300,000 cash and ₱50,000 worth of merchandise into the business. Themerchandise has an unpaid ₱10,000 account from Von to be assumed by the business.2 Purchased from Gab store supplies worth ₱3,000 on cash basis [CV#001]3 Returned ₱300 worth of store supplies purchased from Gab [OR#002]4 Purchased from Vicky store supplies worth ₱4,000 on account.5. Returned ₱400 worth of store supplies purchased from Vicky.6. Purchased from Ian store equipment worth ₱30,000 on cash basis [CV#002)7 Was granted a ₱2,500 allowance on store equipment purchased from Ian[OR# 003). done8 Purchased from John store equipment worth ₱40,000 on terms ₱10,000…Al Hosni traders return goods worth $200 to Mac Donald. What journal entry will be recorded by Al Hosni Traders to record the above transaction? Dr. Sales Returns Cr. Accounts Receivables Dr. Purchases Cr. Accounts Payables Dr. Accounts Payables Cr. Purchase Returns Dr. Accounts Payables Cr. PurchasesMr. Rasool bought Merchandise inventory worth OMR 25,000 for cash. Which books of prime entry will record the transaction? a. Sales journal b. Purchase journal c. Cash disbursement journal d. General journal
- Directions: Record the following transactions in the appropriate journals. Lloyd Gurango Co. completed the following sales transactions during the month of June 2021. A credit sales have terms of 3/10, n/30, and all invoices are dates as at the transaction date. June 1 4 7 9 13 ಈ 15 18 20 Mr. Gurango invested P52 000 of his funds in the business Sold merchandise on account to KRA Company, P32 000. Invoice number 377 Sold P46 000 of merchandise for cash. Received payment from KRA Company, fewer discounts. Received payment from LRM Trading, fewer discounts. Sold merchandise to JPT Store on account, P62 000. Invoice number 379. Collected the amount due from JPT Store. Fewer discounts. Paid the employees' wages for the month amounting to P5,000 Acquired merchandise to YMC Trading worth P15, 000 payable next month Acquired merchandise on credit from ABS Manufacturing worth P15, 000. The invoice number is 201 and the credit term is n/30You are to enter up the sales, purchases and the returns inwards and returns outwards journals/day books from the following details, then the total of the journals are then to be transferred to the relevant accounts in the general ledger. 2018 May “ “ “ “ “ “ “ “ “ “ “ 1 3 7 9 11 14 17 20 24 28 31 Credit sales: T Thompson £56; L Rodriquez £148; K Barton £145 Credit purchases: P Potter £144; H Harris £25; B Spencer £76 Credit sales: K Kelly £89; N Mendes £78; N Lee £257 Credit Purchases: B Perkins £24; H Harris £58; H Miles £123 Goods returned by us to: P Potter £12; B Spencer £22 Goods returned to us by: T Thompson £5; K Barton £11;K Kelly £14 Credit purchases: H Harris £54; B Perkins £65: L Nixon £75. Goods returned by us to B Spencer £14 Credit sales: K Mohammed £57; K Kelly £65; O Green £112 Goods returned to us by N Mendes £24 Credit sales: N Lee £55Mr. Zubair sold Merchandise inventory worth OMR 50,000 for cash. Which books of prime entry will record the transaction? a. Purchase journal b. Cash disbursement journal c. Cash receipt journal d. Sales journal
- Muscat Supplies LLC returned goods worth OMR 2,800. Which books of prime entry will record the above transaction? a. Purchase journal b. Cash disbursement journal c. General journal d. Sales journalLi Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal and general journal. Prepare a cash receipts journal like the one in Exhibit 7.7. Journalize the following transactions that should be recorded in the cash receipts journal. May 1. C. Li the owner, contributed $9000 cash to the company. May 7. The company purchased $5000 of merchandise on credit from Gomez, n/30 May 9. The company sold merchandise costing $400 to E. James for $500 on credit, terms n/10 May 15. The company borrowed $1000 cash by signing a note payable to the bank. May 18. The company received $500 cash from E. James in payment of the May 9 purchase. May 24. The company sold merchandise costing $150 to B. Cox for $200 cashTasks 8-9. Application. Prepare the journal entries of the transaction below and post them to the necessary ledger books. Write your answer on a separate sheet of paper. Olson Sala Company completed the following sales transactions during the month of June 2015. All credit sales have terms of 3/10, n/30 and all invoices are dated as at the transaction date. June 1 Olson Sala invested Php 52,000 of his funds in the business. 1 Sold merchandise on account to R. Bituin, Php 32,000. Invoice no. 377 Sold merchandise on account to A. Perdales, Php 54,000. Invoice no. 378 3 4 Sold merchandise for cash, Php 46,000. 7. Received payment from R. Bltuin less discounts. Received payment from A. Perdales less discounts. 9. Required: 1. Record the transactions in the general journal. 2. Post to the accounts receivable ledger. 3. Prepare a schedule of accounts receivable.