subject
Business, 10.09.2019 20:30 stump76

In january, tongo, inc., a branding consultant, had the following transactions. received $15,400 cash for consulting services rendered in january. issued common stock to investors for $13,500 cash. purchased $13,300 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. received $10,550 cash for consulting services to be performed in february. bought and received $1,660 of supplies on account. received utility bill for january for $1,560, due february 15. consulted for customers in january for fees totaling $23,400, due in february. received $17,300 cash for consulting services rendered in december. paid $830 toward supplies purchased in (e). prepare the journal entry for each of the above transactions. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 10:30
Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and investments by stockholders of $6,000. its ending equity is
Answers: 2
question
Business, 22.06.2019 11:30
When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is
Answers: 2
question
Business, 22.06.2019 13:30
If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?
Answers: 2
question
Business, 22.06.2019 18:10
During the year, the delph company had no beginning or ending inventories and it started, completed, and sold only two jobs—job d-75 and job c-100. it provided the following information related to those two jobs: job d-75: molding fabrication total direct materials cost $ 375,000 $ 325,000 $ 700,000 direct labor cost $ 200,000 $ 160,000 $ 360,000 machine-hours 15,000 5,000 20,000 job c-100: molding fabrication total direct materials cost $ 300,000 $ 250,000 $ 550,000 direct labor cost $ 175,000 $ 225,000 $ 400,000 machine-hours 5,000 25,000 30,000delph had no overapplied or underapplied manufacturing overhead during the year. assume delph uses a plantwide overhead rate based on machine-hours.1-a. compute the predetermined plantwide overhead rate.1-b. compute the total manufacturing costs assigned to job d-70 and job c-200.1-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 1-d. what is delph's cost of goods sold for the year? assume delph uses departmental overhead rates based on machine-hours.2-a. compute the predetermined departmental overhead rates.2-b. compute the total manufacturing costs assigned to job d-70 and job c-200.2-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 2-d. what is delph's cost of goods sold for the year?
Answers: 3
You know the right answer?
In january, tongo, inc., a branding consultant, had the following transactions. received $15,400 cas...
Questions
Questions on the website: 13722360