subject
Business, 10.09.2019 21:30 exoticbunnylover123

On january 1, 2019, sharon matthews established tri-city realty, which completed the following transactions during the month: jan. 1 sharon matthews transferred cash from a personal bank account to an account to be used for the business, $30,000. 2 paid rent on office and equipment for the month, $2,450. 3 purchased supplies on account, $2,200. 4 paid creditor on account, $850. 5 earned fees, receiving cash, $14,940. 6 paid automobile expenses (including rental charge) for month, $1,580, and miscellaneous expenses, $470. 7 paid office salaries, $2,000. 8 determined that the cost of supplies used was $1,100. 9 withdrew cash for personal use, $3,200. required: 1. journalize entries for transactions jan. 1 through 9. refer to the chart of accounts for exact wording of account titles. 2. post the journal entries to the t accounts, selecting the appropriate date to the left of each amount to identify the transactions. determine the account balances after all posting is complete. accounts containing only a single entry do not need a balance. 3. prepare an unadjusted trial balance as of january 31, 2019. 4. determine the following: a. amount of total revenue recorded in the ledger. b. amount of total expenses recorded in the ledger. c. amount of net income for january. 5. determine the increase or decrease in owner’s equity for january.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 10:00
The solution set for -18 < 5x-3 iso-3х3< xо-3хo3 > x
Answers: 3
question
Business, 22.06.2019 13:30
The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.
Answers: 1
question
Business, 22.06.2019 14:30
Stella company sells only two products, product a and product b. product a product b total selling price $50 $30 variable cost per unit $20 $10 total fixed costs $2,110,000 stella sells two units of product a for each unit it sells of product b. stella faces a tax rate of 40%. stella desires a net afterminustax income of $54,000. the breakeven point in units would be
Answers: 3
question
Business, 22.06.2019 14:40
Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate.the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received.c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.
Answers: 3
You know the right answer?
On january 1, 2019, sharon matthews established tri-city realty, which completed the following trans...
Questions
question
Mathematics, 18.11.2020 01:50
question
Mathematics, 18.11.2020 01:50
question
Mathematics, 18.11.2020 01:50
question
English, 18.11.2020 01:50
question
Biology, 18.11.2020 01:50
question
Mathematics, 18.11.2020 01:50
Questions on the website: 13722359