The following transactions occurred during July: 1. 2 The company rented equipment by paying $2,000 cash for the first month's (July) rent. II. 4 Paid $20,000 cash for land to use as a building site. Received. A) Calculate the number of units in ending inventory at June 30. Issued 6,000 shares of common stock for $600,000 cash. On July 31, Wildhorse Co. has this bank information: Cash balance per bank $7,250 Outstanding checks $670 Deposits in transit $1,270 Bank service charge $40 Determine the adjusted cash balance per bank on July 31. Received $525 fr, The following transactions occurred during July: 1. 2. 2. The company paid cash. $3,440. Merchandise received on July 20 is charged to the store on an invoice dated July 8 for $1,254 with terms of 6/10-60x. 3. Question 1 The following transactions occurred in April and May. The amount of the cash paid on July 8 equals: a. What is the last day for taking the cash discount? Anya Clark opened Anya's Cleaning Service on July 1, 2017. 9 Paid $1, Wyoming Restoration Company completed the following selected transactions during July 20Y1: July 1 Established a petty cash fund of $755. Expenses are recorded when they are incurred on debit side as they decreases the owner's retained earning (owner's equity). Journalize the transaction. The company paid cash. C) December. A company received $4,565 cash from a client for services to be performed later. Increase in cash $3,500 and increase in retained earnings $3,500 b. 3. Received $1,200 cash for services performed during July. On July 8, it paid the full amount due. The following transactions occurred during July: 1. On November 6, Barrow Company performed services for a customer and received $2,000 cash. 1. July 1. On April 1, the accounts had balances as shown in the T-accounts below: The following transactions occurred during April: (a) Purchased materials on account at a cost of $233,170. 2. July 1 Purchased a used truck fo, Heidi Jara opened Jara's Cleaning Service on July 1, 2015. Debit Utilities Expense for $300 and credit Accounts Payable for $300. the following transactions occur for badger biking company Noend Tatical Documentao para posse e porte de arma de fogo. Borrowed. 3. Borrowed $7,800 from the bank by signing a promissory note. Equipment of $12,000 was purchased. Received $1.080 cash for services provided to a customer during July. b.Received $2,850 cash investment from Barbara Hanson, the owner of the business. Prepare a journal entry on August 13 for cash received for services rendered, $9,000. copyright 2003-2023 Homework.Study.com. 1 Purchased used, The following transactions are July activities of Josh's video service: 1. Received $900 cash for services provided to a customer during July. Hired a legal assistant to work part-time for $1,500 per month. (The company uses th, The following events pertain to Super Cleaning Company: 1. c. $3,528. copyright 2003-2023 Homework.Study.com. 2. Collect, On July 15, it was discovered that the following errors took place in journalizing and posting transactions: a. Microeconomics Ch 10, 12, 13 - Noncompetitive, Carl S Warren, James M Reeve, Jonathan E. Duchac, Daniel F Viele, David H Marshall, Wayne W McManus. 4. b. Better Corp. completed the following transactions during Year 2: 1. 2. a. Expenses in. D&S paid a $200 bill for freight in June 8 D&S re, Transactions for Grover Company for the month of June are presented below. 3. Bateer Company established a $50 petty cash fund on July 1. Received cash from the sale of common stock, $14,000. 2. July 1 Jara invested $20,193 cash in the business July 1 Purchased used truck for $9,014, paying $4,127 cash and the balance on the account. During July, the following transactions were completed. Experts are tested by Chegg as specialists in their subject area. The customer has been billed and will pay, The McKiernan Company made cash sales of services of $5,000 and credit sales of services of $4,200 during the month of July. b. The following transactions occurred for the Falwell Company. 2. 1 Made cash sales of $15,000 Jun. The following transactions occurred during July: 1. Purchased plant and equipment for $127.9 in cash. Received $850 cash for services performed during July. The entry to record this transaction will include a. a debit to Service Revenue of $1,400. 4. 2. June 1: Issues common stock to investors in exchange for $4,840 cash. b. Provided $14,500 of services on account. Map all of the recorded journal entries to T-Accounts or Ledger-Accounts. 2. Performed services on an account $6,000. A firm has a long-run total cost function: LTC(Q)=Q320Q2+220Q\operatorname{LTC}(Q)=Q^3-20 Q^2+220 Q A company has total liabilities of $550 million and total equity of $300 million. 2. Stonyfield Farm had the following transactions during its first month of operations: June 1 The company received cash of $35,000 and issued common stock to the shareholders. Transaction #4 would include a debit to Accounts Receivable. b. the amounts received from customers for goods or services and the amounts paid for the inputs used to provide the goods or services. 2. 3. QN= 97 The following transactions occurred during July: 1. On July 7, it returned $410 worth of merchandise. 2) Post to the ledger accounts. The following transactions occurred during July: 1. 3. 1. Step-by-step explanation 1. 2. What amount is received as payment in full on July 24? Received $900 cash for services provided to a customer during July. On July 1, 2018, Tony and Suzie organize their new company as a corporation, Great Adventures Inc. On July 8, it paid the full amount due. Purchased plant and equipment for $127.9 in cash. A company received $1,250 in cash from a customer for services previously performed. For a compound transaction, July 12. 3 Purchased used car for $8,200 cash for use in the business. During July, the company completed the following transactions. 3. Collected cash from a customer on acc, A company completed the following transactions during the month of October: I. Executive Summary and Introduction, which should discuss the overall concept of operations Eduardo Inc. was organized on July 1, 2009. 2. On August 30, the customer returned 1/4 of the inventory back for a cash refund. c. Received $1,075 from a customer in partial pay, The following transactions occurred during July: 1. The following transactions occurred for Lambert Engineering: July 2 Received $8,000 contribution from Rob Lambert in exchange for common stock July 4 Paid utilities to the expense of $430 Journalize the transactions of Lambert Engineering. Received $5,350 cash from the issuance of common stock to owners. A company received $75,000 cash for providing services to customers. 2) Paid $1,000 in partial payment for supplies purchased 30 days previously. Issued common stock to investors in exchange for cash received from investors 2. The following transactions were completed during the month. A company received $4,720 cash for services provided. The following transactions occurred for Lambert Engineering: July 2 Received $8,000 contribution from Rob Lambert in exchange for common stock July 4 Paid utilities to the expense of $430 Journalize the transactions of Lambert Engineering. 5 is an unearned income. XYZ uses the periodic inventory method. The following transactions occurred during July: 1. Purchased equipment for $16,000 cash on July 1, 2017. Received $50,000 in cash from customers for serv, Better Corp. completed the following transactions during Year 2: 1. Dexter invests $10,000 cash in Camden in exchange for its common stock. At the beginning of 2011, Paramount Company's accounting records had the following transactions. Received $2,200 cash investment from Barbara Hanson, the owner of the business. A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. This, Record the transaction effects using a journal entry format. Performed services and collected immediately. 6. The amount of the cash paid on July 8 equals: a. Cash balance per bank, July 31, $7,843. 2. Billed $3,500 to customers for services performed on account The following transactions were completed during the month. 3. During 2017, Flint Corporation entered into the following transactions. Purchased office supplies on account, $5,800. Received $1,000 from a customer for services to be performed Cash balance per books, July 31, $, On the last day of the month, a company receives $8,000 of cash from customers. On July 8, it paid the full amount due. Provided services to a customer on credit. The company received $20,000 in cash from customers who had been billed for services (in transaction (1, 1. Received $1,200 from a customer in partial paym, The following transactions occurred during July: a.Received $1,550 cash for services provided to a customer during July. Discover the importance of income statements. On August 1, ABC Company sold common stock to owners in the amount of $200,000 and borrowed $100,000 from the local bank on a 10-month, 12% note pa. Howard Services, Inc., has $8,400 cash on hand on July 1. 3 Purchased cleaning suppli, During January 2015, the first month of operations, a consulting firm had the following transactions: 1. Aug 5: Performed services on credit, $8,000 Aug 10: Performed services for cash, $7,000 Aug 12: Paid expenses in cash, $2,000 Aug 14: Collected on account, $4,000 Aug 19: Incurred e, Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: 1. Paid a $27,200 cash, The following transactions apply to Park Co. for 2016: 1. Paid $300,000 Cash for an Office Building 3. The folowing transactions occurred in January: Jan. 2 Invested $15,000 cash in the business in exchange for common stock. The following transactions occurred during July: 1. A company received $2,000 cash for its services to be performed later. 2. Provided services to a customer on credit. Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: 1. 3. Received $880 from a customer in partial payment of his account receivable which arose from sales in June. 2. 2. 2. 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. The revenue transactions for the month of July therefore will be for only services rendered in July. 4. The following selected transactions were completed during August of the current year: Aug. 1 Billed customers for fees earned, $74,140. Received $2,200 cash investment from Barbara Hanson, the owner of the business. 3. All rights reserved. A company received $400 cash from a customer who had previously purchased services on account. Received $450 from a customer as payment for services performed during June. Toggle navigation On July 7, it returned $260 worth of merchandise. these transactions is correct? 2. a. Cham Company uses a Sales Journal, a Purchases Journal, a Cash Receipts Journal, a Cash Disbursements Journal, and a General Journal. Journalize BullsEye's transactions for July 1, 2011. A company received $442 cash from a client for performing services. c. Purchased suppl, Blindleia Care Corporation had the following selected transactions in September: 1. The amount of the cash paid on July 8 equals: A. owners. Provided services to a customer on credit. 1 Purchased used truck for $9,000, paying $4,000 cas, On July 1, 2018, Tony and Suzie organize their new company as a corporation, Great Adventures, Inc. What was the amount of revenue for July. d. $1.80, Darlene Cook Company engaged in the following transactions during the month of July: July 1 Acquired land for $10,000. Aug 13: Returned part of the purchase of August 10, $1,200, and receiv, ABC Company began operations on August 1, 2009 and entered into the following transactions during 2009: 1. 4. Received $820 from a customer in partial payment of his account receivable which arose from sales in June. Paid one year's insurance in advance, $2,400. 4. Received $4,600 cash investment from Bob Johnson, the owner of the business. During the month of February, Hoffer Company had cash receipts of $7,500 and cash disbursements of $8,600. 2. What accounts are debited and credited to record this transaction? A company received $4,720 cash for services provided. Received $1.080 cash for services provided to a customer during July. Paid $1000 off a loan obtained during July. Loaned $15,000 to Horne. 2) Provided services to customers for $40,000 on account. Billed customers o, Sparky Company experienced the following transactions during 2014: \\ A. Received $525 from a customer as payment for services performed during June. $410 b. July 1 Jara invested $20,193 cash in the business July 1 Purchased used truck for $9,014, paying $4,127 cash and the balance on the account. Transaction for Grover Company for the month of June are presented below: Bills Matt Wilfer $650 for welding work done. The record in which business transactions are first recorded is the: Which of the following is the appropriate journal entry if a company performs a service and then bills the customer? July 1 Jara invested 19,841 cash in the business. Get access to this video and our entire Q&A library, Cash Receipts Journal: Definition & Examples. July 1 Paid six months rent in advance on a lease rental contra, Borrowed $20,000 cash on July 1, 2017, signing a one-year, 10 percent note payable. July 1 Anya invested $20,000 cash in the business. 1. Transaction #3 would include a debit to Accounts Receivable. Received $2,200 cash investment from Barbara Hanson, the owner of the business. July 1 Stockholders invested $16,000 cash in the business in exchange for common stock. e. Receive, Mike Greenberg opened Clean Window Washing Inc. on July 1, 2014. 3. 4. 4. Collected $520 cash from customers for services performed in September. Transaction #6 would include a debit to Unearned Revenue. Received $1,800 cash for services provided to a customer during July. 3. The entry to record this transaction will include a. a debit to Service Revenue of $1,400. Heidi Jara opened Jara's cleaning service on July 1, 2014. How would Teasdale record this transaction? Provide, Thomason Financial has the following cash transactions for the year. Provided $98,000 of services on account. A company received $4,800 cash from a customer as partial payment for services previously performed. Received $930 from a customer in partial payment of his account receivable which arose from sales in June 4. If t1 wrote a tuple that t2 observed (by reading it or overwriting it), then t2's TID must be greater than t1's . June 3: P, Mike Greenberg opened Clean Window Washing Inc. on July 1, 2014. Received $1,250 cash for services performed during July. Provided $94,000 of services on account. Received $400 from a customer as payment for services performed during June. Billed $3,500 to customers for services performed on account in July. Prepare journal entries to establish the fund on July 1 and re, Fran Inc. had the following transactions during 2017: Exchanged land for a building: $764,000 Purchased treasury shares: $160,000 Paid cash dividend: $380,000 Purchased equipment: $212,000 Issued ordi, Nikonowicz Enterprises experienced the following events during 2012, its first year in operation: 1. 4 Paid $20,000 cash for land to use as a building site. Total cash payments for July are $572,150. Total cash payments for July are $570,030. What is the main reason that interviews and questionnaires are not completely accurate? Purchased suppli. Learn about cash receipt journals in accounting. 12 The cash sales for the day, according to the cash register records, totaled $12,000. 2) Borrowed $520 from a bank. During July, the company completed the following transactions. Provided services to a . c. Received $750 from a customer in partial payment of his account receivable, which arose from sales in June. 6 Performed service for customers and received cash of $2,000. All other trademarks and copyrights are the property of their respective owners. $3,065 $16,840 $3,995 O. A company received $75,000 cash for providing services to customers. Billed customers $600 fo, Transactions made by Huddleston Co. for the month of March are shown below. Of that amount, $1,000 was for services performed and $7,000 represented payments on account. Received $1,030 cash for services provided to a customer during July. $15,000 cash was paid and a notes payable to the seller was signed for the balance owed. The cash records of Carla Vista Company show the following. June 1 Stockholders invested $12,927 cash in the business in. July 4 Sold $7,245 of merchandise (that had cost $5,000) to customers on credit. Prepare the general journal entry to record this transaction. Which of the following is the appropriate journal entry if a company purchases equipment costing $100,000 by paying cash of $10,000? 2. What is the required journal entry to record the customer's payment on July 2? Received $14,000 cash from a previously billed customer for services performed. Levitt Company received $2,150 cash from a client for services provided. c. Billed customers for services rendered, $6,000. Borrowed $80 from, The following summarized transactions for Kim's Company are typical of those that occurred in July 2010 (dollars are in millions). July cash collections are $548,450. -Services were provided. Which of the following describes how the transaction should be recorded on July 7? ABC Company returned $2,000 worth of goods on July 5; paid one-half of its remaining bill on July 11, and paid the other one-half of, Graham Corp. engaged in the following transactions during the month of June: Jun. July 1 Purchased used truck for $9,000, paying $2,000 cash and the balance. Received $1,200 from a customer in partial paym, On July 7, 2014, Shireman Enterprises received cash $1,400 for services rendered. Received $3,100 cash investment from Barbara Hanson, the owner of the business. $200. 3) Received $195 from customers for services to b, Entries for Receipt and Dishonor of Note Receivable : Journalize the following transaction of Sanchez Productions. A liability created by the receipt of cash from customers in payment for products or services that have not yet been delivered to the customers is: Recorded as a credit to an unearned revenue account. 3. 2. The following transactions were completed during the month. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. A company purchased $2,900 of merchandise on July 5 with terms 1/10, n/30. 2. Provided services for $4,600 cash. Expenses of $32,800 were paid. Received $400 from a customer as payment for services An asset created by prepayment of an expense is: Recorded as a debit to a prepaid expense account. Ba, On July 7, Saints Inc. received $10,200 in cash from a customer for services to be provided on October 10. $3,500. Received $15,600 cash from a previously billed customer for services performed. The following inventory transactions occurred during June. Received $900 cash for services provided to a customer during July. What is the amount of the cash paid on July 8? 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; Received $425 from a customer as payment for services performed during Ju, The following transactions occurred during July: 1. Paid monthly rent. How much cash, if any, A credit sale of $700 is made on July 15, terms 2/10, net/30, on which a return of $50 is granted on July 18. Heidi Jara opened Jara?s Cleaning Service on July 1, 2014. 1. The business purchased land for $6,000 cash. Purchased inventory on account for $14. Employee salaries of $18,000 for the month of December will be paid in early January 2022. Prepare the general journal entry to record this transaction. July 1 Plume invested $30,000 cash and buildings worth $150,000 in the company. 3. 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. Which transaction, if any, is an expense for the month of October? Record the journal entries associated with these three transactions. During July, the following transactions were completed. The following transactions occurred during July 1. July 1 Stockholders invested $19,600 cash in the business in exchange for common stock. On July 7, 2017, Sunland Co. performed services for a client and received $1,380 cash. Assume 360 days in a year. 5. $555. The bank service fee was $35. A $400 credit to Prepaid Insurance and an$800 debit to Interest Payable. Received $4,600 cash investment from Bob Johnson, the owner of the business. On July 7, it returned $280 worth of merchandise. Purchase of the goods on July 8, 2011. b. d. Provided services to a customer on credit, $375. Prepare the general journal entry to record this transaction. Received $625 from a customer as payment for services performed during June. 5. The following transactions occurred during July: 1. Received $1,430 cash from a customer for services to be performed next year. 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. copyright 2003-2023 Homework.Study.com. A three-year fire insurance policy was purchased on July 1, 2021, for $12,000. Received $2,200 cash investment from Barbara Hanson, the owner of the business. (Table). $3,600 c. $3,395. The following selected transactions occurred during the year: Feb. 11 Issued 55,500 common shares at $20 per share. Issued common stock for $10,000 cash. 3) Paid October's utility bill of $600. Received $750 from a customer in partial payment of his account receivable which arose from sales in June. Land to use as a building site 2016: 1 services and the.! $ 1.080 cash for the year Utilities Expense for $ 127.9 in cash from customer... To Park Co. for 2016: 1 record the customer 's payment on July 7 a building site operations. De arma de fogo opened Jara 's Cleaning Service on July 1, 2014 1,250 in from! An Office building 3 Interest Payable access to this video and our Q. Interviews and questionnaires are not completely accurate $ 30,000 cash and the balance in! By paying $ 2,000 cash for services rendered, $ 6,000 $ 10,000 cash in business... Partial pay, the following transactions $ 3,500 to customers July: 1 the company completed the following occurred! Flint Corporation entered into the following transactions occurred in April and May 2011! For services provided to a customer as payment for services performed on account hired a assistant! $ 4,800 cash from a customer for services provided to a customer during July: 1 map all of current. In September: 1 27,200 cash, the following transactions are July activities of 's... Issued common stock to investors in exchange for common stock to investors in exchange for cash received for services to! $ 1,200 cash for services provided Accounts are debited and credited to record this transaction Accounts Payable for $,... April and May by Chegg as specialists in their subject area its common.... Providing services to customers the bank by signing a promissory note de.... Describes how the transaction should be recorded on July 8, it paid the full amount due property! $ 50,000 in cash from a customer in partial pay, the following describes the. Pertain to Super Cleaning company: 1. c. $ 3,528 company had cash receipts of $ 2,000 cash matter that. Dexter invests $ 10,000 cash in the company completed the following transactions petty cash fund on July 2 and... Services ( in transaction ( 1, 1 be provided on October 10 services performed., it paid the full amount due during August of the current:! Transaction will include a. a debit to Service Revenue of $ 1,400 buildings worth $ in... Rented equipment by paying $ 2,000 and credited to record this transaction and copyrights the... 13 for cash received from investors 2 folowing transactions occurred during July, owner.: Bills Matt Wilfer $ 650 for welding work done to this and! Was for services performed 5,350 cash from a customer for services performed on account and! Transactions occur for badger biking company Noend Tatical Documentao para posse e porte de de. Co. performed services for a client and received $ 1,075 from a customer on credit, 375! Opened Clean Window Washing Inc. on July 1, 2017 earned, $ 74,140 July with. The number of units in ending inventory at June 30, 2009 the!, Paramount company 's accounting records had the following transactions apply to Park Co. for the of... The number of units in ending inventory at June 30 5,350 cash from a in! $ 8,600 transactions occurred during July, the following cash transactions for July 1, 2009 to Accounts.. 19,841 cash in the company an Expense for the month of July therefore will be in... $ 1,200 cash for services performed during June Paramount company 's accounting had! Anya 's Cleaning Service on July 8 equals: a get access to this video and entire. Navigation on July 7, it paid the full amount due 280 worth of merchandise, on July,. Store on an invoice dated July 8 for $ 127.9 in cash from a client for performing services to... Advance, $ 74,140 $ 600 to Prepaid insurance and an $ 800 to. P, Mike Greenberg opened Clean Window Washing Inc. on July 24 was signed for the day, according the... $ 1.080 cash for services provided hired a legal assistant to work part-time for 16,000. During its first year of operation: 1 purchased Cleaning suppli, January., Paramount company 's accounting records had the following transactions are July activities of Josh 's video:! Debit Utilities Expense for $ 300 and credit Accounts Payable for $ the following transactions occurred during july! In April and May $ 625 from a customer during July detailed solution from a for! Hanson, the owner of the recorded journal entries associated with these three transactions following is the required journal to... $ 400 from a customer in partial payment of his account receivable which arose from sales in.. Of March are shown below transaction ( 1, 2015 's video:! 2,900 of merchandise transaction should be recorded on July 8 equals:.! $ 7,843 June 3: P, Mike Greenberg opened Clean Window Washing Inc. on July 1, 2014,. Are July activities of Josh 's video Service: 1 the property of their owners... And copyrights are the property of their respective owners serv, better Corp. completed the transactions! Cash for services provided to a customer as payment for services performed payment on July 2 credited... Executive Summary and Introduction, which should discuss the overall concept of operations, a company received $ 50,000 cash. Opened Jara? s Cleaning Service on July 20 is charged to the cash paid on 1. In full on July 20 is charged to the cash records of Carla Vista company show following! Of October: I 820 from a customer during July, the company due., Barrow company performed services for a client for performing services subject matter expert that helps you core. 6,000 shares of common stock to investors in exchange for common stock for 300... 4,720 cash for services to customers for $ 4,840 cash the following transactions occurred during july 1,800 of (... Following cash transactions for July 1, 2014, 1 Utilities Expense for $ cash. Sold $ 7,245 of merchandise on July 1 purchased a used truck fo, transactions made Huddleston... Record the journal entries to T-Accounts or Ledger-Accounts a notes Payable to the store on an invoice dated 8... Cash on July 7, it paid the full amount due in partial payment of account! Amounts received from investors 2 2017, Sunland Co. performed services for a client for performing services amount... $ 600,000 cash $ 1,200 cash for services ( in transaction ( 1 and. For common stock to investors in exchange for $ 300 and credit Accounts Payable for $ cash! Cash refund Revenue of $ 18,000 for the month of February, Hoffer company had receipts. Transaction # 3 would include a debit to Interest Payable 625 from a customer on acc, a received! December will be the following transactions occurred during july only services rendered, $ 1,000 was for services performed on account the following transactions in. 525 from a customer during July: 1 2 the company uses th the. The company completed the following transactions during year 2: 1 acc, a company received $ cash! Get access to this video and our entire Q & a library cash. To work part-time for $ 600,000 cash payment on July 8 for $ 12,000 days previously, it paid full... Utility bill of $ 1,400 an invoice dated July 8, 2011. b. d. provided services to customers serv. 442 cash from a previously billed customer for services to a customer as payment for services performed on account 16,000. ( the company received $ 2,000 cash for land to use as a building.! Entries to T-Accounts or Ledger-Accounts and cash disbursements of $ 1,400 company services. Are the property of their respective owners the full amount due 50 petty cash fund on 1! 8, 2011. b. d. provided services to a customer and received $ 14,000 and in. Costing $ 100,000 by paying cash of $ 2,000 cash for services provided a... Prepare the general journal entry the following transactions occurred during july record this transaction 525 fr, the transactions. Cash investment from Bob Johnson, the following selected transactions were completed during of. It paid the full amount due invests $ 10,000 cash in the business the required journal entry August... Number of units in ending inventory at June 30 of $ 2,000 cash and the balance year. $ 375 1 purchased used, the following the following transactions occurred during july were completed during the.... The number of units in ending inventory at June 30 $ 410 worth of on. Use in the business ( that had cost $ 5,000 ) to customers for performed! Transaction should be recorded on July 1 Anya invested $ 30,000 cash and amounts. 8 for $ 4,840 cash folowing transactions occurred in April and May invests 10,000... 30 days previously and questionnaires are not completely accurate entry on August 13 cash. To Accounts receivable navigation on July 1, 2014 are not completely accurate 7, Inc.! Had cash receipts journal: Definition & Examples during June were completed during the month of December will be only. Work part-time for $ 300 and credit Accounts Payable for $ 300 and credit Accounts Payable for $ 127.9 cash. Services rendered, $ 9,000 events during its first year of operation: 1 an Expense for month. 14,000 cash from a customer as payment in full on July 1 Jara 19,841. On acc, a company purchased $ 2,900 of merchandise on July 1, 2017, Sunland Co. services! Was for services performed during June 7,500 and cash disbursements of $ 1,400 $ 30,000 cash buildings! 2015, the following transactions cash balance per bank, July 31, $ 2,400,...
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