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strayer acc100 week 1 ch 2 homework

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Question;Brief Exercise 2-1;Your answer is correct.;For each of the following accounts, indicate the;effects of a debit and a credit on the accounts and the normal balance of the;account.;Debit Effect;Credit Effect;Normal Balance;1.;Accounts;Payable;2.;Advertising;Expense;3.;Service;Revenue;4.;Accounts;Receivable;5.;Owner?s;Capital;6.;Owner?s;Drawings;Student did not submit Show Work for;this attempt;SHOW ANSWER;LINK TO TEXT;Brief Exercise 2-3;Your answer is correct.;Transactions for the George Lynch Company for the;month of June are presented below.;June 1;George Lynch invests $5,000 cash;in a small welding business of which he is the sole proprietor.;2;Purchases equipment on account for;$2,100.;3;$800 cash is paid to landlord;for June rent.;12;Sends a bill to M. Rodero for $300;for welding work performed on account.;Journalize the transactions.(Record journal entries in the order presented in the problem. Credit;account titles are automatically indented when amount is entered. Do not indent;manually.);Date;Account Titles and Explanation;Debit;Credit;June 1;June 2;June 3;June 12;June 1;June 2;June 3;June 12;June 1;June 2;June 3;June 12;June 1;June 2;June 3;June 12;Student did not submit Show Work for;this attempt;SHOW LIST OF ACCOUNTS;SHOW ANSWER;LINK TO TEXT;Brief Exercise 2-7;Your answer is correct.;Selected transactions for the Joel Berges Company;are presented in journal form below.;Date;Account;Titles and Explanation;Ref.;Debit;Credit;May 5;Accounts Receivable;4,100;Service;Revenue;4,100;(Billed;for services performed);12;Cash;2,400;Accounts;Receivable;2,400;(Received;cash in payment of account);15;Cash;3,000;Service;Revenue;3,000;(Received;cash for services performed);Post the transactions to T-accounts and determine each account?s ending;balance.(Post entries in the order presented in;the problem statement.);Student did not submit Show Work for;this attempt;SHOW LIST OF ACCOUNTS;SHOW ANSWER;LINK TO TEXT;Brief Exercise 2-10;Your answer is correct.;An inexperienced bookkeeper prepared the following;trial balance.;HUEWITT COMPANY;Trial Balance;December 31, 2014;Debit;Credit;Cash;$10,800;Prepaid Insurance;$3,500;Accounts Payable;3,000;Unearned Service Revenue;2,200;Owner?s Capital;9,000;Owner?s Drawings;4,500;Service Revenue;25,600;Salaries and Wages Expense;18,600;Rent Expense;2,400;$31,600;$48,000;Prepare a correct trial balance, assuming all account balances are normal.;Student did not submit Show Work for;this attempt;SHOW LIST OF ACCOUNTS;SHOW ANSWER;LINK TO TEXT;Exercise 2-7 (Part Level;Submission);Kahl;Enterprises had the following selected transactions.;1.;Jo Kahl invested;$4,000 cash in the business.;2.;Paid office rent of $950.;3.;Performed consulting;services and billed a client $5,200.;4.;Jo Kahl withdrew;$750 cash for personal use.;(a);Your answer is correct.;Indicate the;effect each transaction has on the accounting equation, using plus and minus;signs.;Assets;=;Liabilities + Owner?s Equity;1.;+;-;=;+;-;2.;+;-;=;+;-;3.;+;-;=;+;-;4.;+;-;=;+;-;Student did not submit Show Work for this attempt;SHOW ANSWER;LINK TO TEXT;Exercise 2-7 (Part Level;Submission);Kahl;Enterprises had the following selected transactions.;1.;Jo Kahl invested;$4,000 cash in the business.;2.;Paid office rent of $950.;3.;Performed consulting;services and billed a client $5,200.;4.;Jo Kahl withdrew;$750 cash for personal use.;(b);Your answer is correct.;Journalize;each transaction.(Credit account titles are automatically indented when amount is;entered. Do not indent manually.);Student did not submit Show Work for this attempt;SHOW ANSWER;LINK TO TEXT;PART SCORE;Exercise 2-10 (Part Level;Submission);The;T-accounts below summarize the ledger of Zimmer Landscaping Company at the;end of the first month of operations.;Cash;No. 101;4/1;12,000;4/15;1,300;4/12;900;4/25;1,500;4/29;400;4/30;1,000;Accounts Receivable;No. 112;4/7;3,200;4/29;400;Supplies;No. 126;4/4;1,800;Accounts Payable;No. 201;4/25;1,500;4/4;1,800;Unearned Service Revenue;No. 209;4/30;1,000;Owner?s Capital;No. 301;4/1;12,000;Service Revenue;No. 400;4/7;3,200;4/12;900;Salaries and Wages Expense;No. 726;4/15;1,300;(a);Your answer is correct.;Prepare the;complete general journal from which the postings to Cash were made.(Record;entries in the order presented in the T-Accounts. Credit account titles are;automatically indented when amount is entered. Do not indent manually.);Student did not submit Show Work for this attempt;SHOW LIST OF;ACCOUNTS;SHOW ANSWER;LINK TO TEXT;Attempt;1;of 1;GO;Exercise 2-10 (Part Level;Submission);The;T-accounts below summarize the ledger of Zimmer Landscaping Company at the;end of the first month of operations.;Cash;No. 101;4/1;12,000;4/15;1,300;4/12;900;4/25;1,500;4/29;400;4/30;1,000;Accounts Receivable;No. 112;4/7;3,200;4/29;400;Supplies;No. 126;4/4;1,800;Accounts Payable;No. 201;4/25;1,500;4/4;1,800;Unearned Service Revenue;No. 209;4/30;1,000;Owner?s Capital;No. 301;4/1;12,000;Service Revenue;No. 400;4/7;3,200;4/12;900;Salaries and Wages Expense;No. 726;4/15;1,300;(b);Your answer is correct.;Prepare a;trial balance at April 30, 2014.;Student did not submit Show Work for this attempt;SHOW LIST OF;ACCOUNTS;SHOW ANSWER;LINK TO TEXT;PART SCORE;Maximum Point Potential;8.00;Points Earned;8;Show Work file with;instructor comments;Instructor;did not annotate Show Work

 

Paper#38878 | Written in 18-Jul-2015

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