T-Accounts, Journal Entry and Trial Balance Question Click here for moreFull Accounting Questions and Answers 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 ...
A8. An increase in cash is recorded on the debit side of a journal entry. (1) Entity A sold 300 units of merchandise at $8 per unit and received $2,400 in cash. Journal entry: [Note] 1. Increase in cash (asset): debit 2. Increase in sales (revenue): credit (2) Entity B bor...
while the cash has neither been received nor recorded. A typical example is credit sales. The revenue is recognized through an accrued revenue account and a receivable account. When the cash is received at a later time, an adjusting journal entry is made to record the cash receipt...
Reader-Response-Journal-Entry(读者反应期刊进入)To the delight of screaming fans, John Lennon used to sing that he loved his unnamed sweetheart “eight days a week.” No doubt he loved her as best as he was able, but it is understandable that the regular seven-day weeks just didn’t seem...
Ask a question Our experts can answer your tough homework and study questions. Ask a question Search AnswersLearn more about this topic: Journal Entries & Trial Balance | Differences & Examples from Chapter 3 / Lesson 10 163K Discover the meaning of a journal entry and a trial balance, ...
I'd be glad to help you if you have other questions about recording payroll transactions. khaleds Level 2 October 15, 201807:27 PM After I did this Journal entry, my payroll liability account is about negative -$3000. Am i Supposed to zero it ...
My boss has two companies: Company A and Company B. Company B takes a loan from company A in the amount of 100,000. After some time, company B returns 150,000. What will be the accounting entry and what is the procedure of this extra amount 50,000? Answers Wayne Spivak President &...
For more free exercises return to theFull Accounting Questions and Answers page. Comments for T-Accounts, Journal Entry and Trial Balance Question Click here to add your own comments Finish it please by: Anonymous Where is the full solution with statement of financial position, worksheet, comprehen...
[Journal entry to record transaction 1] Debit Credit Cash 120 Sales 120 Examples of Journal Entries Transaction 2: Company A purchased supplies and paid $50 in cash. Steps Self-Questions Answers 1 What did Company A receive?Supplies.
these are the account types No Journal Entry Required Cash Expenditures—Bond Interest Expenditures—Bond Principal Fund Balance Other Financing Sources—Transfers In Other Financing Uses—Transfers Out Proceeds of Bonds