wo transactions were posted to the following creditor's account: NAME Windsurf, Inc. ADDRESS 343 Coastline Road Date Item Post Ref Debit Credit Balance Aug. 1 Balance 427 8 Invoice No. 333 CP89 427 0 15 Invoice No. 567 P18 1,177 1,177 Describe each transaction and the source of each posting. Aug. 8 Payment of $ ______to Windsurf, Inc. on account. Aug. 15 Purchased $ ______of supplies on account from Windsurf, Inc.
Q: Revenue and Cash Receipts Journals Lasting Summer Inc. has $1,840 in the October 1 balance of the…
A: Step 1 Journal is the part of the bookkeeping.
Q: Use the journals and ledgers that follow. Total the journals. Post the transactions to the…
A: Accounts receivable represents the amount that has been earned by the company but the customer has…
Q: Which would be the correct posting of the General Journal Entry shown in Figure 3.03 M to the…
A: General journal entry given
Q: Voyager Electronic Services has three customers in its accounts receivable subsidiary ledger with…
A: Record the given transactions in general journal.
Q: Account Name: ACCOUNTS RECEIVABLE Account No. 110 Balance Date Particulars Post Debit Credit Debit…
A: Account Name: Accounts Receivable Account Number: 110 Balance Date Particulars…
Q: The debits and credits from two transactions are presented in the following creditor's (supplier's)…
A: Accounts payable control account and subsidiary ledger: Accounts payable account and subsidiary…
Q: 3. Prepare journal entries for items (a)-() from the bank reconciliation. (If no entry ls required…
A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…
Q: Enter a credit balance of $38,400 as of September 1, 20Y4 in the Accounts Payable general ledger…
A: Ledgers - After recording transactions in the journal next step is to transfer them into ledgers.…
Q: Topeka Bike Company received a $940 check from a customer for the balance due. The transaction was…
A: Accounts receivable Accounts receivable refers to the amounts to be received within a short period…
Q: 2. Insert the following balances in the accounts payable subsidiary ledger as of October 1:…
A: An accounts payable subsidiary ledger is an accounting ledger that shows the transaction history and…
Q: Use the following T-account for Careful Corporation to answer questions 11 and 12:…
A: The left side of account receivables T account is debit side and the right side is credit side. If…
Q: Accounts Receivable Subsidiary Ledger The debits and credits from two transactions are presented in…
A: Following are the description of given transactions and source of each posting:
Q: Fill in the missing amounts in the accounts receivable subsidiary ledgers for Willis Spas and Pools.…
A: Accounts receivable is an asset and it normally has a debit balance. Accounts receivable account is…
Q: a. Prepare a single-column revenue journal to record these transactions. Enter transactions in…
A:
Q: August 12: Sold services on account to customer Ed Moore, $4,000 O Debit Accounts Receivable, Credit…
A: Services sold are considered as an increase in account receivable and also an increase in sales.
Q: Post the transactions to T-accounts.
A: Cash A/c Date Particular Debit amount Date Particular Credit amount 12 May To Accounts…
Q: The debits and credits from three related transactions are presented in the following creditor's…
A: June 6: In this transaction goods are purchased or services are received on account; and the source…
Q: The debits and credits from two transactions are presented in the following customer account: NAME…
A: Posting of transactions: The process of transferring the journalized transactions into the accounts…
Q: REVENUE JOURNAL Date InvoiceNo. Account Debited Post.Ref. Accounts Rec. Dr.Fees Earned Cr. 20Y3…
A: Part a, b and c, which is T accounts, Posting in T account and balance in the accounts are shown as…
Q: Using the following revenue journal for Bowman Cleaners Inc., identify each of the posting…
A: General LedgerGeneral ledger refers to the ledger that records all the transactions of the business…
Q: ANYTOWN BANK PLC Current account statement D. DHILLON Account name Account number 007457892 Branch…
A:
Q: Transactions Date Details Debit Credit Balance 1 October 3 October 7 October Balance 127.63…
A: A bank reconciliation statement is the statement in which company reconciles its cash balances with…
Q: Fill in the missing amounts in the accounts receivable subsidiary ledgers for Willis Spas and Pools.…
A: Accounts receivable is an asset and it normally has a debit balance. Accounts receivable account is…
Q: A check drawn by a company for $340 in payment of a liability was recorded in the journal as $430.…
A: Date Accounts Titles and Explanation Debit Cedit Cash ($430 - $340) $90…
Q: The debits and credits from three related transactions are presented in the following customer's…
A: Accounts receivable subsidiary ledger: This ledger keeps the detailed information about the payment…
Q: Prepare journal entries to record the following transactions entered into by the Wildhorse Co.:…
A: A journal entry is prepared by the company to record the non-economic & economic transactions of…
Q: Continue using the journal and journalize the following transaction: Mar. 31. Received bank…
A: Introduction: Journal: Recording of a business transactions in a chronological order. First step in…
Q: dSh to öwner for personal use, $1,000.00. C9. 28. Received cash from sales, $220.00. T28.…
A: Journal Entry The purpose of preparing the journal entry to enter the required transaction into…
Q: If Accounts Payable has debit postings of P170,000 credit postings of P140,000 and a normal ending…
A: Lets understand the basics. For calculating beginning balance, we need to use below formula. Account…
Q: Which would be the correct posting of the General Journal Entry shown in Figure 3.03 M to the…
A: The correct answer would be Debit Supplies - Store $220; Credit Accounts Payable/Shoe Shack, $220
Q: The posting references in the following revenue journal are indicated by letters. Identify each…
A: The question is based on the concept of Business Accounting.
Q: Account Name: ACCOUNTS PAYABLE Account No. 210 Balance Date Particulars Post Debit Credit Debit…
A: Accounts Payable refers to the account in general ledger where amount which are to be paid to…
Q: Journalize the following entries to record the adjusting entries on the books of Company YOU. Bank…
A: Ideally cash balance as per cashbook and bank balance as per bank statement should reconcile with…
Q: ENERAL JOURNAL Page 52 DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 20-- 1 2 August…
A: A general journal is prepared to record the business transactions into books of accounts initially.…
Q: Accounts Payable Subsidiary Ledger The debits and credits from two transactions are presented in the…
A: Accounts payable control account and subsidiary ledger: Accounts payable account and subsidiary…
Q: Accounts Receivable Subsidiary Ledger The debits and credits from two transactions are presented in…
A: Posting of transactions: The process of transferring the journalized transactions into the accounts…
Q: E6-2B. From the following transactions for Maggie Co., when appropriate, journalize, record, post,…
A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…
Q: 19) Intercom, Inc. paid one of its creditors $678 on their balance due. The journal entry would…
A: Introduction: Journals: Recording of a business transactions in a chronological order. Each and…
Q: A check drawn by a company for $340 in payment of a liability was recorded in the journal as $430.…
A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…
Q: Two transactions were posted to the following creditor's account: NAME Windsurf, Inc.ADDRESS 343…
A: In a ledger balance of a creditor, if any amount is posted on the debit side, generally it pertains…
Q: The debits and credits from two transactions are presented in the following creditor's (supplier's)…
A: Posting of transactions: The process of transferring the journalized transactions into the accounts…
Q: E7-18 Identifying transactions in the accounts receivable subsidiary ledger A customer account in…
A: Note: Since you have asked multiple question, we will solve the first question for you. If you want…
Q: E6-2B. From the following transactions for Maggie Co., when appropriate, journalize, record, post,…
A: June 2 Cash 6,000 Maggie G.,…
Q: 21. Speedy Bike Company received a $940 check from a customerforthe balance due. The transaction was…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Post the entries in the general journal below to the Accounts Receivable account in the general…
A: Accounts Receivable (AR) seem to be the proceeds or payments received by the firm from consumers…
Q: The debits and credits from two transactions are presented in the following customer account: NAME…
A: Accounts receivable subsidiary ledger: Account receivable subsidiary ledger is the ledger which is…
Two transactions were posted to the following creditor's account:
NAME Windsurf, Inc.
ADDRESS 343 Coastline Road
Date | Item | Post Ref | Debit | Credit | Balance |
Aug. 1 | Balance | 427 | |||
8 | Invoice No. 333 | CP89 | 427 | 0 | |
15 | Invoice No. 567 | P18 | 1,177 | 1,177 |
Describe each transaction and the source of each posting.
Aug. 8 | Payment of $ ______to Windsurf, Inc. on account. |
Aug. 15 | Purchased $ ______of supplies on account from Windsurf, Inc. |
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The debits and credits from three related transactions are presented in the following customer's account taken from the accounts receivable subsidiary ledger: Mission Design 1319 Elm Street NAME ADDRESS Post. Date Item Ref. Debit Credit Balance 20Υ7 Apr. 3 R44 740 740 J11 60 680 CR81 24 680 Describe each transaction and identify the source of each posting.The debits and credits from two transactions are presented in the following creditor's (supplier's) account: NAME ADDRESS Migrant Technology 2199 Commerce Place Post. Ref. Date Item Debit Credit Balance Nov. 1 Balance 9,400 Invoice No. 85 P8 11 1,845 11,245 Invoice No. 43 CP46 7,975 22 3,270 Describe each transaction and the source of each posting.The debits and credits from three related transactions are presented in the following creditor's account taken from the accounts payable ledger: Apex Performance Co. 101 W. Stratford Ave. NAME ADDRESS Post. Credit Balance Date Item Ref. Debit 20Y7 June 6 P49 12,000 12,000 J12 14 150 11,850 CP23 16 11,850 Describe each transaction and identify the source of each posting.
- wo transactions were posted to the following customer account. NAME: Boogie Board Water WearADDRESS: 2340 Xtreme Surf Date Item Post. Ref. Debit Credit Balance July 1 Balance 805 6 Invoice No. 406 R42 645 1,450 24 Invoice No. 456 CR56 710 740 Describe each transaction and the source of each posting. July 6 Sold $_______on account to Boogie Board Water Wear. July 24 Cash of $_________ was collected from Boogie Board Water Wear.Fill in the missing amounts in the accounts receivable subsidiary ledgers for Willis Spas and Pools. If required, round your intermediate and final answers to the nearest cent. ACCOUNTS RECEIVABLE LEDGER NAME: E. McKenzie ADDRESS: 4717 Erin St, Madison, WI 53713 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- Aug. 3 J60 3,816.00 3,816.00 Aug. 18 J60 4,589.80 fill in the blank 1 J60 105.00 fill in the blank 2Fill in the missing amounts in the accounts receivable subsidiary ledgers for Willis Spas and Pools. If required, round your intermediate and final answers to the nearest cent. ACCOUNTS RECEIVABLE LEDGER NAME: S. Rottier ADDRESS: 1008 S. 9TH St, Monona, WI 53715 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- Aug. 7 J60 1,484.00 1,484.00 Aug. 10 J60 400.00 fill in the blank 3 ACCOUNTS RECEIVABLE LEDGER NAME: L. Franklin ADDRESS: 2815 Main St, Cottage Grove, WI 53711 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- Aug. 1 J60 1,272.00 1,272.00 Aug. 22 J60 2,120.00 fill in the blank 4
- How do I record this transaction; Issues credit memo to Targhee Co., $27500, terms FOB shipping point, 1/10, n/30?Identify Transactions in Accounts Receivable Subsidiary Ledger The debits and credits from three related transactions are presented in the following customer's account taken from the accounts receivable subsidiary ledger: Mission Design NAME 1319 Elm Street ADDRESS Post. Ref. Date Item Debit Credit Balance 20Υ7 Apr. 3 R44 740 740 Apr. 6 J11 60 680 Apr. 24 CR81 680 Describe each transaction and identify the source of each posting. Describe each transaction Identify the source Apr. 3 Apr. 6 Apr. 24The shorthand notation on an invoice 2/10, n/30 is called the _______________. Group of answer choices accounts payable debit memo credit terms purchase order
- A ezto.mheducation.com sijon 17A - Connect Data_Sales.xlsx: fa21cob204 Computer Information Systems Dashb on 1-7-6A - Connect Saved Help The accounts receivable balance for Renue Spa at December 31, Year 1, was $86,000. Also on that date, the balance in the Allowance for Doubtful Accounts was $2,500. During Year 2, $1.900 of accounts receivable were written off as uncollectible. In addition, Renue unexpectedly collected $130 of receivables that had been written off in a previous accounting period. Services provided on account during Year 2 were $211,000, and cash collections from receivables were $212,936. Uncollectible accounts expense was estimated to be 1 percent of the sales on account for the period. Required a. Record the transactions in general journal form and post to T-accounts. b. Based on the preceding information, compute (after year-end adjustment): (1) Balance of allowance for doubtful accounts at December 31, Year 2. (2) Balance of accounts receivable at December 31,…My Profile It easter for your to enter the appropriate information into the provided receipt templates. Transactions Date: 31/05/2013 31/05/2013 Details Dr Cr Balance John Jones Ch no 1444 James Smithson Ch no 1443 $ 3723.15 $56,900.00 $ 1841.00 31/05/2013 General Account chq no 1445 20/05/2013 General Account chq no 1442 20/05/2013 Reddy & Co Chq no 1441 $485.85 $14,732.50 $ 38,767.50 $ 60,623.15 $62,464.15 15/05/2013 Deposit $1,350.00 $62,950.00 $77,682.50 $116,450.00 Question 13/05/2013 Deposit $2,000.00 $115,100.00 08/05/2013 Deposit 07/05/2013 Deposit $1,200.00 $113,100.00 $56,900.00 $111,900.00 07/05/2013 Deposit $1,500.00 $55,000.00 05/05/2013 Adjustment Dis chq $1,500.00 $53,500.00 03/05/2013 Deposit $1,500.00 $55,000.00 03/05/2013 Agnew & Fortescue ch no 1439 $28,110.00 $53,500.00 03/05/2013 General Account Ch no 1440 $10,690.00 $81,610.00 01/05/2013 Opening Balance $92,300.00 Jump to... CPPREP450 Linka By " You musepad consisting of a separateden Hobe account for coch at he…Accounts Receivable Subsidiary Ledger The debits and credits from two transactions are presented in the following customer account: Mobility Products Inc. NAME 46 W. Main St. ADDRESS Debit Date Item Post. Ref. Credit Balance Aug. 1 Balance 463 Aug. 10 Invoice No. 51 CR32 84 379 143 Aug. 17 Invoice No. 45 R22 522 Select the choice that describes each transaction and the source of each posting. Journal page Date Action Invoice No. Posted From Aug. 10 Aug. 17