In every journal entry that is recorded, the debits and credits must be equal to ensure that the accounting equation (Assets = Liabilities + Shareholders’ Equity) remains in balance. When doing journal entries, we must always consider four factors: Which accounts are affected by the transaction ...
Accounting systems use the double entry system to record journal entries. According to this system, which has been widely used for centuries, every transaction impacts at least two accounts, so a journal entry will always have a debit and a credit in the ledgers where they are recorded. All ...
Prepare the journal entry for this event: Issued a $10,000, 9% bond payable at par and gave as a bonus one share of preferred stock which at that time was selling for $106 a share. In which journal would you record borrowing money on a long-term note payable? a. general journa...
Correct Answer: Cash receipts journal The cash receipts journal is an accounting book that is used to keep track of all cash receipts, regardless of...
Comments for Journal Entry Question and Answer Click here to add your own comments General Ledger for Cinema / Theatre / Theatrical Business by: Anonymous Cash register tapes from the box office for the week show transactions No. 1571 to No. 1843 for total sales of $2858. The money was dep...
The technology gadgets include solar panels, rain harvesting tanks, light sensors, green roofs, lighting, and a keyless entry system. Generally, the solar panel was well regarded by all stakeholders as Australia is one of the countries with the highest per capita of solar panels in the world....
Automation of the customs entry process, which software provider Magaya announced this week, is being enabled by advances in data extraction from emails and offline files. Logistics Technology NewsTransport, Trade and Regulation NewsForwarding
(i.e., forms and combinations of finance, money, funds, funding, debt, capital, credit, bank loan, equity, formal and informal investment, angel, venture capital, institutional lending, IPO, investor, and bank loan officer). We manually searched the entrepreneurship journals with the highest ...
revolution with an innovative idea in the financial services sector. Therefore, this study aims to provide an insight into the recent trends in research and publications on mobile money services. The study retrieved published documents on mobile money services from Scopus database for the period of...
The winning photo may even be used on the cover of SC II which is scheduled for publication in December of this year. Prizes for the winning entry will include a copy of The Shadow Conspiracy Vol. I and The Shadow Conspiracy Vol. II, as well as assorted ebooks from BVC authors. ...