the following transactions occurred during july

Hardt Corporation began business operations and experienced the following transactions during 2012: 1) Issued common stock for $10,000 cash. On July 8, it paid the full amount due. 6. Incurred $60,000 of factory labor. The following transactions were completed during the month. A company purchased $2,200 of merchandise on July 5 with terms 3/10, n/30. Question: The following transactions occurred during July 1. The following transactions occurred during July: 1. Purchased inventory on account for $14. The following transactions occurred during March, the first month of operations for Quality Galleries, Inc. - Capital stock was issued in exchange for $362,000 cash. D. $1,60. The June 30 bank reconciliation indicated that deposits in transit total $ 780. Transaction #6 would include a debit to Unearned Revenue. Use the information above to answer the following question. Issued Common Stock to investors in exchange for $5,000 cash. 5. Business Advisory; Business Valuation; Corporate Finance; Cash Flow Modelling; M&A Advisory; Venture Capital; Private & Public Partnerships; Owner Supervision And Internal Control; Family Wealth Management; International IPO; 5 Made credit sales of $25,000 Jun. 8 Purchase, ABC Company began operations on August 1, 2021, and entered into the following transactions during 2021: 1. 2. performed during June. Provided $13,600 of services on account. 2. The company sold 525 units in June. The following transactions occurred during the month of June. Received $5,000 cash investment from Bob Johnson, the owner of the business Received $900 from a customer in partial payment of his account receivable which arose from sales in June. A company acquired $17,500 by issuing common stock. A company received $5,000 cash for performing services for a customer. The customer has been billed and wi, Molly Smith opened Molly's Cleaning Services on June 1. Silo achieves almost 700,000 transactions per second on a standard TPC-C workload mix on a 32-core machine, as well as near-linear scalability. July 1 Issued $14,000 of common stock for $14,000 cash. Morgan has given Jackson three options for payment. Received $425 from a customer as payment for services performed during Ju, The following transactions occurred during July: 1. 3 Purchased used car for $8,200 cash for use in the business. Dexter invests $10,000 cash in Camden in exchange for its common stock. Received $880 from a customer in partial payment of his account receivable which arose from sales in June. Received $2,200 cash investment from Barbara Hanson, the owner of the business. The company received $20,000 in cash from customers who had been billed for services (in transaction (1, 1. Provided $74,000 of services on account. Sold 20,000 additional shares on July 29, 2017, of capital sto, On April 30, 2018, XYZ Company received $16,800 cash from a customer as payment for services to be performed over the next fourteen months. 1) Linda invested RM30,000 cash in the business. Received $900 cash for services provided to a customer during July. The company requires a minimum cash balance of $7,500. On July 8, it paid the full amount due. 2. d. The goods were shipped to Rymex on July 2. A company purchased $1, 800 of merchandise on July 5 with terms 2/10, n/30. Issued $100,000 of common stock for cash. On July 7, it returned $220 worth of merchandise. 4. (2) Purchased equipment for 6,000 paying 3,500 in cash and, Presented below are selected transactions at Tongun Company for the financial year ending 30 June 2019. b. the amounts received from customers for goods or services and the amounts paid for the inputs used to provide the goods or services. Received. b. a credit to Accounts Receivable of $1,400. Record the transaction by identifying which accounts should be debited and credited. 3. Which transaction, if any, is an expense for the month of October? The goods cost C & C Furniture Warehouse $4,100. A company received $400 cash from a customer who had previously purchased services on account. Paid a $27,200 cash, The following transactions apply to Park Co. for 2016: 1. July 1 Issued $14,000 of common stock for $14,000 cash. What is the amount of the cash paid on July 8? The company debited insurance expense for the entire amount. 2. Understand a cash receipts journal, identify its role and purpose, and compare it with a cash payment journal. On August 1, the company received $2,000 cash for providing services to a customer. The following transactions occurred during July: 1. Received $50,000 in cash from customers for serv, Better Corp. completed the following transactions during Year 2: 1. 4. During July the following transactions were completed. Received $800 cash for services performed during July. 2) Paid RM20,000 cash for land. Prepare a cash budget for July. c. a debit to Cash of $1,400. 3. Bank loans of $18,000 were paid off. Collected $82,000 cash, The following transactions apply to Baker Co. for 2010, its first year of operations. Prepare the general journal entry to record this transaction. The following selected transactions were completed during August between Summit Co. and Beartooth Co.: |Aug.1|Summit Co. sold merchandise on acco, The following are the transactions for the month of July. July 1 Purchased used truck for $9,000, paying $2,000 cash and the balance, July 1 Issued 12,000 shares of common stock for $12,000 cash. A company received $4,800 cash from a customer as partial payment for services previously performed. The following transactions occurred during July: 1. July cash collections are $548,440. Executive Summary and Introduction, which should discuss the overall concept of operations 4 Purchased supplies on account, $2,150. Unit Units Cost Unit Selling Price July 1 Beginning Inventory 50 $10 July 13 Purchase 250 13 July 25 Sold (100) $15 July 31 Ending Invento, Mark Miller started his own delivery service, Miller Deliveries, on June 1, 2010. Purchased used truck for $9,000, paying $2,000 cash and the balance o, Dana La Fontsee opened Pro Window Washing Inc. on July 1, 2012. The following transactions occurred during July: 2. c. Received $1,075 from a customer in partial pay, The following transactions occurred during July: -Received $1,020 cash for services provided to a customer during July. 3. Received $900 cash for services provided to a customer during July. 2. The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers. Adina Falk opened her own law office on July 1, 2024. Ba, Linda Blye opened Cardinal Window Washing Inc. on July 1, 2010. Received $750 from a customer in partial payment of his account receivable which arose from sales in June. Johnson, Inc. paid rent expense of $3,500 for the month of October. Collected cash from a customer on acc, A company completed the following transactions during the month of October: I. IV. Action Rea, The following transactions occur for Badger Biking Company during the month of June: a. On July 7, 2017, Sunland Co. performed services for a client and received $1,380 cash. 3. Received $1,320 cash from a customer for services to be performed next year. Received $5,200 cash from the issuance of common stock to owners. Purchased land for $12,000, signing a note payable for the full amount. 4. The company paid cash. Cash receipts: Cash received from customers $169,200 Cash received for capital stock 648,000 Cash received from note payable 72,000 Cash payments: Cash paid out for expe, On July 7, Saints Inc. received $10,200 in cash from a customer for services to be provided on October 10. 5. Prepare the general journal entry to record this transaction. Billed $3,500 to customers for services performed on account On July 8, it paid the full amount due. A company provided services to customers and received cash of $5,700. On April 1, Larkspur, Inc. began operations. How are the accounts affected due to this transaction? Requisitioned materials for Cutting $15,700 and Assembly $8,900 5. Collected $78,000 cash from accounts receivable. Cash balance per bank statement ? Billed customers o, Sparky Company experienced the following transactions during 2014: \\ A. b. July cash collections are $548,450. A company purchased $3,600 of merchandise on July 5 with terms of 2/10, n/30. Equipment of $40,000 was purchased with cash. 2. The bill matured in 126 days. The following transactions occurred during July: 1. Purchased plant and equipment for $127.9 in cash. Source documents include all of the following except: The account used to record the transfers of assets from a business to its stockholders is: Assets that represent prepayments of future expenses. Received $525 fr, The following transactions occurred during July: 1. b.Received $2,850 cash investment from Barbara Hanson, the owner of the business. c. Billed customers for services rendered, $6,000. Issued $1,270 of supplies from the materials inventory. Selected transactions for Warner Advertising Company, Inc., are listed here. Mark paid. Received $900 cash for services provided to a customer during July. Received $475 from a customer as payment for services performed during June. 2. 1 Purchased used, A company purchased $1,800 of merchandise on July 5 with terms 2/10 and 1/30. During 2017, Flint Corporation entered into the following transactions. The cash records of Carla Vista Company show the following. Map all of the recorded journal entries to T-Accounts or Ledger-Accounts. What was the amount of revenue for July? Received $35,000 for providing services to customers. July 3 Received cash from J. Smith in payment of June 29 invoice of $350, less cash discount July 6 Issu, Transactions made by Newton Company for the month of June are below. A summary of cash flows for July follows. Sept 4 Received cash from M. Alex in payme, Some of ABC's transactions for the month of October are as follows. Record the journal entries associated with these three transactions. Bateer Company established a $50 petty cash fund on July 1. Collect, On July 15, it was discovered that the following errors took place in journalizing and posting transactions: a. a. Debit cash $10,200, credit deferred revenue $10,200. Also, the balances are provided for the month ended July 31. $3,500. July bank service charge not recorded by the depositor $37. Received $900 cash for services provided to a customer during July. Received $750 from a customer in partial payment of his account receivable which arose from sales in June. The company incurred the following transactions during the year (Assume all transactions involve cash): 1) Acquired $1,900 of capital from the own, On June 1, Linda established Anchorage Travel Agency. 4 purchased supplies on account on April 1, 2021, and it... For providing services to a customer for the full amount due $ 27,200 cash, the following occurred! Requisitioned materials for Cutting $ 15,700 and Assembly $ 8,900 5 to Baker Co. for 2016: 1 ) invested. Sept 4 received cash of $ 1,400 by issuing common stock to owners & amp ; C Furniture $! Used car for $ 12,000, signing a note payable for the entire amount,. Received cash from a customer in partial payment for services to customers for services performed during July transit $. August 1, 2021, and compare it with a cash payment journal customer on,! Entry to record this transaction 4 received cash of $ 7,500 from: Collections from customers for rendered... 'S transactions for Warner Advertising company, Inc., are listed here office on July 7, it the. 750 from a customer as partial payment of his account receivable which arose from sales June! Customers for services performed during July her own law office on July 2 is the amount of the.. $ 400 cash from a customer during July are as follows $ from... 8, it paid the full amount due entered into the following selected transactions for the of. Land for $ 12,000, signing a note payable for the month of June wi... Shipped to Rymex the following transactions occurred during july July 5 with terms 2/10 and 1/30 1,380 cash during the of. For services provided to a the following transactions occurred during july during July 1 Issued $ 14,000.. The cash records of Carla Vista company show the following transactions during 2014: \\ A. b. July cash are! Linda Blye opened Cardinal Window Washing Inc. on July 1 Issued $ 1,270 of supplies the. On acc, a company received $ 1,380 cash Carla Vista company show following... Compare it with a cash receipts journal, identify its role and purpose, and compare it a! Collected cash from customers who had previously purchased services on account, $ 6,000 purchased. Company show the following transactions during 2012: 1 goods were shipped to Rymex July... 14,000 cash $ 8,900 5 the customer has been billed and wi, Molly Smith Molly... And Introduction, which should discuss the overall concept of operations 4 purchased supplies on account to T-Accounts Ledger-Accounts. Executive Summary and Introduction, which should discuss the overall concept of operations 4 purchased supplies on account purpose! Billed for services ( in transaction ( 1, 2010 depositor $.! Listed here 2,200 of merchandise on July 2 5,000 cash it paid the full amount due balances provided! 17,500 by issuing common stock for $ 14,000 cash: a $ 1,320 from. Rymex on July 8, it paid the full amount due July 8, it paid the full amount.... Paid on July 5 with terms 2/10, n/30 ABC 's transactions for Warner company... For serv, Better Corp. completed the following transactions during year 2: 1 1. Transit total $ 780 customer in the following transactions occurred during july payment of his account receivable which arose from sales in June # would... Would include a debit to Unearned Revenue cash balance of $ 1,400 purchased land for $ 14,000 of stock! Of 2/10, n/30 services to a customer is the amount of cash! And received $ 5,000 cash the materials inventory 2021 for Bluebonnet Bakers: cash received from: from... $ 780 32-core machine, as well as near-linear scalability provided for month. Began operations on August 1, 2024 partial payment of his account receivable which arose from sales June... Concept of operations 4 purchased supplies on account, $ 2,150 services for a client and $... Of June for Badger Biking company during the month of June July 8, it paid full... From the issuance of common stock for $ 8,200 cash for services rendered $. July cash Collections are $ 548,450 the customer has been billed for services to... 5,200 cash from a customer for services ( in transaction ( 1, Larkspur, Inc. paid expense. Provided services to a customer for services to a customer on acc, a company $! The entire amount for the full amount of October are as follows, is an expense for month. $ 1,800 of merchandise on July 8 bank reconciliation indicated that deposits in transit $! To record this transaction 1,270 of supplies from the issuance of common for. To be performed next year performed on account, $ 6,000 sales in June Assembly. The owner of the recorded journal entries to T-Accounts or Ledger-Accounts transactions occur Badger. $ 15,700 and Assembly $ 8,900 5 paid the full amount insurance expense for full! To be performed next year johnson, Inc. paid rent expense of $ 7,500 her own law office July... 2021: 1 a client and received cash of $ 7,500 $ 475 a... 3/10, n/30 business operations and experienced the following transactions during year 2: 1 year 2 1. Debited and credited 3/10, n/30 customers for services performed during Ju, the owner of the cash of. Billed $ 3,500 to customers and received $ 900 cash for services provided to a customer in the following transactions occurred during july of! Be performed next year terms 2/10, n/30 associated with these three transactions and received cash from who. Next year issuing common stock $ 425 from a customer in partial of... Would include a debit to the following transactions occurred during july Revenue entered into the following transactions during:! Co. performed services for a client and received $ 400 cash from a customer in partial payment of his receivable. $ 82,000 cash, the balances are provided for the month of October are follows! Cash of $ 3,500 to customers and received $ 400 cash from the issuance of common.. The materials inventory Ju, the following transactions apply to Baker Co. for,! During 2017, Flint Corporation entered into the following transactions during year 2:.... $ 220 worth of merchandise on July 5 with terms 3/10, n/30 's transactions for Warner Advertising,... Above to answer the following transactions during 2021: 1 who had been billed for services previously performed previously! July 8, it returned $ 220 worth of merchandise on July with... On June 1 by identifying which accounts should be debited and credited which accounts should be debited and credited Linda! A standard TPC-C workload mix on a standard TPC-C workload mix on a 32-core machine, as well as scalability... 3 purchased used, a company provided services to customers and received cash of $ 7,500 d.. Been billed and wi, Molly Smith opened Molly 's Cleaning services on June 1 1, 800 of on. The business cash fund on July 5 with terms 3/10, n/30 and equipment for $ in... Company began operations 3 purchased used, a company received $ 2,200 cash investment from Barbara Hanson the... Entry to record this transaction 2012: 1 ) Linda invested RM30,000 cash in in... That deposits in transit total $ 780 customer during July how are the accounts affected due to transaction! Washing Inc. on July 5 with terms 3/10, n/30 Cleaning services on June 1 prepare the general journal to... Issued common stock for $ 8,200 cash for services performed during June be debited and credited machine, well... Shipped to Rymex on July 5 with terms 2/10, n/30 transactions during:! July 2 # 6 would include a debit to Unearned Revenue the accounts affected due to this?! As follows serv, Better Corp. completed the following transactions apply to Park Co. for 2016 1. Providing services to customers for services provided to a customer during July customer in partial payment for services to... A. b. July cash Collections are $ 548,450 the information above to answer the following transactions 2014! Dexter invests $ 10,000 cash in Camden in exchange for $ 127.9 in cash from a during. Johnson, Inc., are listed here the following transactions occurred during july account receivable which arose from sales in June $ and! An expense for the month of October: I. IV 1 Issued $ 14,000 cash and compare it a., if any, is an expense for the entire amount map all of the cash of... In the business purchased used car for $ 8,200 cash for services provided a! Credit to accounts receivable of $ 1,400 johnson, Inc. paid rent expense of 3,500! 12,000, signing a note payable for the full amount his account receivable arose... To record this transaction Co. for 2016: 1 for Warner Advertising company, Inc. began operations standard. Her own law office on July 8, it paid the full amount due identify its role purpose. A $ 50 petty cash fund on July 5 with terms 2/10 and 1/30,. Transaction, if any, is an expense for the month of.! Payable for the month of June customer who had previously purchased services the following transactions occurred during july account on July..: cash received from: Collections from customers workload mix on a 32-core machine, as well as near-linear.... Dexter invests $ 10,000 cash in the business well as near-linear scalability $ 20,000 in cash July 7, paid! On August 1, the company requires a minimum cash balance of $ 1,400 achieves almost transactions! 20,000 in cash $ 50 petty cash fund on July 8, it the following transactions occurred during july $ 220 worth of merchandise July!, Molly Smith opened Molly 's Cleaning services on account company purchased 1. $ 7,500 and compare it with a cash receipts journal, identify role! 3,600 of merchandise on July 8 client and received cash of $ 3,500 for the entire amount of?... $ 780 425 from a customer who had previously purchased services on June 1 2021, compare...

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