Business, 24.03.2020 16:51 brittneys55
Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2016. The accounting cycle for Kelly Consulting for April, including financial statements, was illustrated in this chapter. During May, Kelly Consulting entered into transactions.
May 3. Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500.
5. Received cash from clients on account, $2,450.
9. Paid cash for a newspaper advertisement, $225.
13. Paid Office Station Co. for part of the debt incurred on April 5, $640.
15. Recorded services provided on account for the period May 1–15, $9,180.
16. Paid part-time receptionist for two weeks' salary including the amount owed on April 30, $750.
17. Recorded cash from cash clients for fees earned during the period May 1–16, $8,360.
20. Purchased supplies on account, $735.
21. Recorded services provided on account for the period May 16–20, $4,820.
25. Recorded cash from cash clients for fees earned for the period May 17–23, $7,900.
27. Received cash from clients on account, $9,520.
28. Paid part-time receptionist for two weeks' salary, $750.
30. Paid telephone bill for May, $260.
31. Paid electricity bill for May, $810.
31. Recorded cash from cash clients for fees earned for the period May 26–31, $3,300.
31. Recorded services provided on account for the remainder of May, $2,650.
31. Kelly withdrew $10,500 for personal use.
Required:
a. Display the journal entries: General Journal.
b. Display Trial Balance.
Answers: 1
Business, 22.06.2019 06:30
Double corporation acquired all of the common stock of simple company for
Answers: 2
Business, 22.06.2019 09:00
What should a food worker use to retrieve ice from an ice machine?
Answers: 1
Business, 22.06.2019 11:40
In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a.esther lost her job and begins looking for a new one.b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.
Answers: 2
Business, 22.06.2019 17:40
Take it all away has a cost of equity of 11.11 percent, a pretax cost of debt of 5.36 percent, and a tax rate of 40 percent. the company's capital structure consists of 67 percent debt on a book value basis, but debt is 33 percent of the company's value on a market value basis. what is the company's wacc
Answers: 2
Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2016. The accounting cycle...
English, 03.07.2021 09:50
English, 03.07.2021 09:50
English, 03.07.2021 09:50
Physics, 03.07.2021 14:00
Physics, 03.07.2021 14:00
English, 03.07.2021 14:00
Mathematics, 03.07.2021 14:00
Business, 03.07.2021 14:00
Social Studies, 03.07.2021 14:00
History, 03.07.2021 14:00
English, 03.07.2021 14:00
Business, 03.07.2021 14:00
Mathematics, 03.07.2021 14:00
Mathematics, 03.07.2021 14:00