I need help with an accounting journal entry.?
Debit Land for $75,000.00 Credit Notes Payable for $70,0000 Credit Cash for 5,000 Yahoo Answers is OK, but if you are in an Accounting course, you cannot use Yahoo Answers to take the CPA exam.. Please read and study your course material.. If you have a learning disability like I do.... Find a way to make the information easy to remember.. Accounting is not easy.. You have to love it...I find "Chanting" to be a powerful way of studying... You may find alternative methods. As with any learning disability, once you got it, YOU GOT IT, And God help anyone who challenges you... I got my Accounting knowledge the hard way, I earned it.
I need help to write journal entry of this question?
This is a sales return Dr Sales Returns and Allowances 78.40 + tax Cr Accounts Receivable 78.40 + tax Dr Sales Returns and Allowances 78.40 Dr Sales Tax payable ? Cr Accounts Receivable 78.40 + tax You don't say what the sales tax rate is. Multiply the rate by 78,40 and add it to the journal entry.
Need Journal Entry help?
I have to do some journal entries have it has been 1 year since I have done this so I have forgotten how to do these entries. 1. The prepaid insurance represents a 1-year policy. Record Insurance Expense for 1 month. Prepaid Insurance is $1800.00. 2. Monthly Depreciation on the assets: $75 for the Computer, $50 for the Furniture, $100 for the Software. Record each expense as a separate adjusting journal entry. These are the two I can't figure out. Thanks for the help in advance.
Accounting journal entry need help!@?
Prepare journal entries to record the following transactions and events of Kodan Company. (Do not round ownership percentage. Round your final answer to the nearest dollar amount. 2008 Jan. 2 Purchased 22,000 shares of Goreten Co. common stock for $149,600 cash plus a broker's fee of $3,530 cash. Goreten has 44,000 shares of common stock outstanding and its policies will be significantly influenced by Kodan. Sept. 1 Goreten declared and paid a cash dividend of $3.30 per share. Dec. 31 Goreten announced that net income for the year is $305,360. 2009 June 1 Goreten declared and paid a cash dividend of $3.55 per share. Dec. 31 Goreten announced that net income for the year is $342,320. Dec. 31 Kodan sold 9,000 shares of Goreten for $192,135 cash. Jan 2, 2008 General Journal ? Debit ? ? Credit ? Sept 1 General Journal ? Debit ? ? Credit ? Dec 31 General Journal ? Debit ? ? Credit ? Jun 1, 2009 General Journal ? Debit ? ? Credit ? Dec 31 Gen Journal ? Debit ? ? Credit ? Dec 31 General Journal ? Debit ? ? Credit ? ? Credit ?
I need help with journal entries for accounting?
I need help preparing journal entries can someone help? Here is what I have to enter: Atkins Advertising Agency began business on Jan. 2, 2008. the transactions are as follows: a. Acquired its articles of incorporation from the state and issued 100,00 shares of capital stock in exchange for $200,000 in cash. b. Purchased an office building for $150,000 in cash, the building is valued at $110,000, and the remainder of the value is assigned to the land. c. Signed a three year promissory note at the bank for $125,000. d. purchased office equip. at a cost of $50,000, paying $10,000 down and agreeing to pay the remainder in ten days. e. paid wages and salaries of $13,000 for the first half of the month. Office employees are paid twice a month. f. paid the balance due on the office equipment g. sold $24,000 of advertising during the first month. customers have until the 15th of the following month to pay their bills h. paid wages and salaries of $15,000 for the second half of the month i. recorded $3,500 in commissions earned by the salespeople during the month, they will be paid on the fifth of the following month,
(Social Studies)Need to write a journal entry. Help?
It's difficult to imagine how the life in a communist country can look like when you never lived there. Try to read Orwell's 1984 or see some movies. Burnt by the sun I think characterizes the live in communism quite well: http://www.imdb.com/title/tt0111579/ Another good choice could be the German movie Das Leben der Aderen (Lives of the Others): http://www.imdb.com/title/tt0405094/
Help with accounting journal entry please?
this is the transaction that needs to be recorded: On December 11: Sold old store equipment for $320 cash. The equipment originally cost $1,025 and depreciation to September 30 of this year (the end of thethird quarter) totals $820. The asset depreciates on a straight-line basis {(cost-resdiual value)X 1/useful life} at a rate of $20 per month and depreciation is calculated to the nearest month. (Two entries required).
Accounting JOURNAL ENTRY HELP PLEASE?
Accounts Recievable (Chad Hana) 210.00 (Debit) Sales 210.00 (Credit) It sounds like the sale was on account. If it was cash, you would debit Cash instead of AR. And when cash is recieved you would Cash 210.00 AR 210.00