Q: Prepare the journal entry for the following transaction: Paid rent $200. A: The rent expense journal entry is not too complicated: DR: …
10. Paul declares a $1,000 dividend for the year instead of paying himself.Write journal entries for these transactions.1. Cash 10,000 Dr. Common Stock 10,000 Cr. (Record stock issuance)2. No entry (Record of lease payment)3. Leasehold improvements 100,000 Dr. Long-term lia...
Entry #5— PGS’s first rent payment is due.Entry #6— PGS has a grand opening and makes it first sale. It sells a guitar for $500 that cost $100.Entry #7— PGS sells another guitar to a customer on account for $300. The cost of this guitar was $100.Entry #8— PGS pays ...
If salaries for the month of December is 200000 but paid only 100000 at 31st December, and the rest of the amount is paid in January, what will the entry be for both months considering FY ends at the end of December? See the journal entry for point 4) in the main example at the t...
Give the journal entry for recording paying rent of $2,000. Which account is debited and which account is credited? Give the journal entry for recording wages paid amounting to $2,000. Which account is debited and which account is credited? What would be the journal...
10--In lieu of paying himself, Paul decides to declare a $1, 000 dividend for the year Write the accounting transactions in the jeneral journal. 1 Dr Cash 10000 Cr Common stock 10000 (To record stock issuance) 2 No entry 3 Dr Leasehold improvements 100000 ...
The date of the journal entry. The account column, where you put the names of the accounts that have changed. Two separate columns for debit and credit. Here you will put the amounts that will be credited and debited. Again, it’s important to remember that they must be equal in the ...
Prepaid rent is the amount which is paid by the business to the tenant before the actual rental period. It is the amount considered as the short term asset of the business and it is disclosed as a current asset when the balance...
The attorney for the conservator acknowledged receiving notice of the initial status conference in the case, as well as the motion for entry of default, but stated neither he nor the conservator intended to participate in the proceedings. In addition, Girardi did not answer or participate in ...
In China, many political connections are established privately and not disclosed. These connections typically involve rent-seeking and bribery, creating incentives for officials and managers to conceal such information. To examine whether investors can acquire firms’ undisclosed connections and incorporate ...