the following transactions occurred during july

How would Landscape by Design record this transaction? Received $1,400 cash for services performed during July. copyright 2003-2023 Homework.Study.com. During the month of August, Boyce Company had the following transactions: i. July 4 Sold $7,245 of merchandise (that had cost $5,000) to customers on credit. - Purchased $184,000 of equipmen, Using the following transactions: a. c. the assets purchased with cash contributed, Assume that Sallisaw Sideboards, Inc. had a retained earnings balance of $10,000 on April 1, and that the company had the following transactions during April. a. June 1: Issued common stock to several investors for $73,700. - Received cash from cust, On August 1, 2XXX, Jackson Corporation purchased machinery from Morgan Company for expanding its production operation. Received $1,430 cash from a customer for services to be performed next year. During July, the company completed the following transactions. iv. Prior to the split, the market price per share was $40. c. Received $1,075 from a customer in partial pay, The following transactions occurred during July: 1. Received $5,900 cash from the issuance of common stock to owners. Billed $3,500 to customers for services performed on account July 1 Purchased used truck for $9,000, paying $2,000 cash and the balance, July 1 Issued 12,000 shares of common stock for $12,000 cash. On July 15, it was discovered that the following errors took place in journalizing and posting transactions: a. Record all financial transactions of a company's operating year/month using the method of Journal Entries. 3) Prepare a trial balance at July 31st. Question: During the year, the following transactions occurred. Debit to Equipment, credit to Notes Payable, credit to Cash. The following transactions occurred during July: A company acquired $17,500 by issuing common stock. During July, the company completed the following transactions. Purchased. 2. Bank loans of $18,000 were paid off. C) December. Given this information, which of the following is likely included among its adjusting entries? On October 31, a company's Cash account had a normal balance of $7,000. Received $1,000 from a customer for services to be performed C. Collected cash from customers. ii. 6. -Services were provided to customers for $21,000 cash. 1) Collected $395 cash from customers for services provided in May. Collected $82,000 cash, The following transactions apply to Baker Co. for 2010, its first year of operations. 4. A credit sale of $750 is made on June 13, terms 2/10, n/30. 2. July 8 Billed customers for $3,000. $3,392 b. Purchased office e, Following are transactions of Gotebo Tanners, Inc., a new company, during the month of January: 1. Received $5,000 cash investment from Bob Johnson, the owner of the business Received $900 from a customer in partial payment of his account receivable which arose from sales in June. b. 4. Received $400 from a customer as payment for services 4. Paid expenses amounting to, Journalize the following selected transactions for January : 1. 3. July 1. Classify each of these transactions as operating, investing, or financing activities. Debit to Accounts Receivable, credit to Service Revenue. Purchased $62,500 of raw materials on account. Revenues of $12,000 were earned and received in cash. Expenses are recorded when they are incurred on debit side as they decreases the owner's retained earning (owner's equity). Acquired $30,000 cash from the issue of common stock. Levitt Company received $2,150 cash from a client for services provided. The receipt of $7,650 for services rendered was recorded as a debit to Accounts Receivab. Provided $94,000 of services on account. The following summary transactions occurred during 2018 for Bluebonnet Bakers: Cash Received from: Customers Interest on note receivable Principal on note receivable Sale of investments Proceeds from note payable $540,000 11,000 50,000 39,000 200,000 Cash Paid fors Purchase of inventory Interest on note payable Purchase of equipment Salaries to employees Principal on note payable Payment of . Performed services and left a bill $4,200. Sold inventory for $250,000 cash tha, Sep. 1 Received $48,000 cash and issued common stock to Sikes. 3. $555. Received $2,200 cash investment from Barbara Hanson, the owner of the business. Received $750 from a customer in partial payment of his account receivable which arose from sales in June. 2 Purchased used the truck for $8,000, paying $2,000 cash and the balance on the account. Toggle navigation 3. Received $5,350 cash from the issuance of common stock to owners. Which of the following statements about the recording of A company received $3,000 cash from clients for services provided. (2) Received $500 cash from Barbara Blanc, the owner of the business. 2. Received $5,000 cash from the issuance of common stock to owners. 4. July 3 Received cash from J. Smith in payment of June 29 invoice of $350, less cash discount July 6 Issu, Transactions made by Newton Company for the month of June are below. Howard Services, Inc., has $8,300 cash on hand on July. Received $1,030 cash for services provided to a customer during July. (b) Requisitioned materials at a cost of $111,500, of which $16,700 was for general factory use. Issued $130,000 of common stock for cash. Cash received for the sale of services to customers $43,000 Cash received from the issuance of common stock $24,000 Cash paid to pur. Cash received from bank loans was $20,000. The increase in the cash account is $13,050. The following transactions occurred during July: 1. Terms on sales on account are 2/10, n/30, FOB shipping point. Which of the following formulas can be used to calculate the debt ratio? 1. 1. (Credit Wages Payable.) You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Earned cash revenues of $4, Entries for Receipt and Dishonor of Note Receivable : Journalize the following transaction of Sanchez Productions. 2 Purchased $800 of office supplies on account. On July 8, it paid the full amount due. Paid expenses amounting to, During July, the following transactions occurred: July 1 Purchased $11,800 of merchandise on account July 10 Purchased $1,900 of merchandise with cash July 15 Purchased $900 of office supplies on account July 20 Made payment of $5,300 on accounts payable, Eduardo Inc. was organized on July 1, 2009. What is the amount of revenue that will be reported on the income statement for the month ended July 31? Consider transactions t1 and t2 where t1 happened first in the serial order. A summary of cash flows for July follows. Purchased inventory on account for $14. - Purchased supplies on account, $1,800. Prepare the general journal entry to record this transaction. On July 8, it paid the full amount due. Received $2,200 cash investment from Barbara Hanson, the owner of the business. d. June 29: Paid a $6, Darlene Cook Company engaged in the following transactions during the month of July: July 1 Acquired land for $10,000. What was the amount of revenue for July. Bank loans of $3,000 were paid off. $3,332. 3. 4. XYZ uses the periodic inventory method. Received $880 from a customer in partial payment of his account receivable which arose from sales in June. Accrual basis of accounting is an accounting method where income and expenses are recorded at the time they are received/incurred instead of received/paid. 2. 3 Purchased cleaning supplies for $900 on the ac, Journalize transactions: April 1 Received 25,000 and issued common stock. note. Incurred $60,000 of factory labor. The following transactions occurred during July: Received $900 cash for services provided to a customer during July. Here is why you include or not include the balance in your Income Statement: Our experts can answer your tough homework and study questions. 2. 2) Paid $1,000 in partial payment for supplies purchased 30 days previously. 3. Provided services on account, $33,000. Executive Summary and Introduction, which should discuss the overall concept of operations Acquired $23,400 cash from the issue of common stock. b. 3 . Paid monthly rent 3. 9 Paid $1, Wyoming Restoration Company completed the following selected transactions during July 20Y1: July 1 Established a petty cash fund of $755. The company received $20,000 in cash from customers who had been billed for services (in transaction (1, 1. Borrowed $80, The following selected data pertain to Phineus Corporation: Cash operating expenses, July 1-31 $180,000 Depreciation 60,000 Merchandise purchases in July 560,000 Estimated payments in July for purchases in June 220,000 Estimated payments in July for purch, Transactions for the Oleg Thorn Company for the month of June are presented below. Apr. 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. Performed services and collected immediately. a. On June 30, Petrov Co. has $128,700 of accounts receivable. Received $400 from a customer as payment for services b. Heidi Jara opened Jara's cleaning service on July 1, 2014. 3. During October, the account was debited for a total of $4,250 and credited for a total of $5,340. Terms on sales on account are 1/10, n/30, FOB shipping point. Provided services for cash, $25,000. Paid dividends. Silo achieves almost 700,000 transactions per second on a standard TPC-C workload mix on a 32-core machine, as well as near-linear scalability. 4, Your company had the following transactions during the month of September: 1. 3. 1. On June 5, Joe's Market sold $1,000 of goods on credit with terms of 2/10, n/30. Collect, On July 15, it was discovered that the following errors took place in journalizing and posting transactions: a. $3,179 c. $3,191 d. $3,290 e. $3. Multiple Choice $1,080 $1,635. Credit terms were 2/10, and n/30. (Table). the Cash account? Cham Company uses a Sales Journal, a Purchases Journal, a Cash Receipts Journal, a Cash Disbursements Journal, and a General Journal. 3. Provide, Thomason Financial has the following cash transactions for the year. During 2022, Flounder Corp. entered into the following transactions. 4 Paid $20,000 cash for land to use as a building site. Here, expenses relating to July are deducted from net income. During July, the following transactions occurred. The company paid cash. Cash balance per bank, July 31, $8,243. 4 Purchased supplies on account, $2,150. $21,000 cash was paid and a note payable to the seller was signed for the balance owed. 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. b. June 8: Purchased equipment for $13,800 cash. For a compound transaction, July 12. What was the amount of revenue for July under the accrual basis? Anya Clark opened Anya's Cleaning Service on July 1, 2017. LTC(Q)=Q320Q2+220Q. All other trademarks and copyrights are the property of their respective owners. Issued common stock for $21,600 cash. a. During July, the following transactions were completed. 4. Microeconomics Ch 10, 12, 13 - Noncompetitive, Carl S Warren, James M Reeve, Jonathan E. Duchac, Daniel F Viele, David H Marshall, Wayne W McManus. $1,564. 1. Apr. 4. Journalize BullsEye's transactions for July 10, 2011. Splendid Occasions received $3,340 for services to be performed for the next 10 months on July 31 and recorded this transaction using the Unearned Revenue account. Prepare journal entries to record the following selected July transactions. Acquired $15,600 cash from the issue of common stock. The financial manager decided to invest in a United States Treasury Bill with a face value of$250,000. Received $2,200 cash investment from Barbara Hanson, the owner of the business. 2. c. Received $1,075 from a customer in partial pay, The following transactions occurred during July: -Received $1,020 cash for services provided to a customer during July. 2. Derive expressions for long-run average cost and marginal cost, and sketch these curves. Received $3,100 cash investment from Barbara Hanson, the owner of. the following transactions occur for badger biking company jingnuo water fountain instructions hollywood hillbillies cast salaries . Issued common stock for $10,000 cash. Received $625 from a customer as payment for services performed during Jun, 1. B) September. Received $525 from a customer as payment for services performed during June. III. 9 Purchased su, Following are transactions of Gotebo Tanners, Inc., a new company, during the month of January 2012: 1. 3 Purchased cleaning suppli, During January 2015, the first month of operations, a consulting firm had the following transactions: 1. Issued 10,000 shares of common stock for $15,000 cash. b. the amounts received from customers for goods or services and the amounts paid for the inputs used to provide the goods or services. b. The bill matured in 126 days. As a 2 Borrowed $20,000 from the bank and signed a long-term note payable. The machine cost $, Kristin Malone opened Kristin's Maids Cleaning Service on July 1, 2017. Paid $9,190 cash dividend to stockholders. During July, the following transactions were completed: July 1 Issued 14,151 shares of common stock for $14,151 cash. 2. What was the amount of revenue for July? 1 Purchased used truck for 9,171, p, Matt Stiner started a delivery service, Stiner Deliveries, on June 1, 2014. Morgan has given Jackson three options for payment. 4. b. Received. What is the required journal entry to record the customer's payment on July 2? What is the amount of the cash paid on July 8? Accrued direct labor cost of 90,000 and indirect labor cost of110,000. Total sales were $900, of which 80% were on credit. d. $3,600. Received $2,200 cash investment from Barbara Hanson, the owner of the business. 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. Provided services to a customer on credit, $445. Received $5,200 cash from the issuance of common stock to owners. in July. How will Joe's Market record the customer's payment on June 8? Received $2,200 cash investment from Barbara Hanson, the owner of the business. Collected $78,000 cash from accounts receivable. c. a debit to Cash of $1,400. Received $5,800 cash investment from Bob Johnson, the stockholder of the business. Requisitioned materials for Cutting $15,700 and Assembly $8,900 Received $1,200 cash for services performed during July. Received $1.080 cash for services provided to a customer during July. Received $5,550 cash from the issuance of common stock to owners. Received $15,000 cash for services provided. 3. What is the amount of the cash paid on July 8? Learn about what goes on an income statement and its format, including how to prepare, what is shown, and examples. Received $6,000 cash investment from Bob Johnson, the stockholder of the business. What accounts are debited and credited to record this transaction? 2. The City of Spainville approved the construction of a city hall complex for a total cost of $ 120,000,000. Issued common stock to owners in exchange for $34,000 cash. Experts are tested by Chegg as specialists in their subject area. Transactions for Grover Company for the month of June are presented below. 5. Prepare the general journal entry to record this transaction. The following transactions occurred during July: 1. 4. On June 5, Joe's Market sold $1,000 of goods on credit with terms of 2/10, n/30. Question: The following transactions occurred during July: 1. 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. Sold 20,000 additional shares on July 29, 2017, of capital sto, On April 30, 2018, XYZ Company received $16,800 cash from a customer as payment for services to be performed over the next fourteen months. It should show expected cash receipts and cash disbursements for the month and the cash balance expected on July 31. -Services were provided. The actual cash received from, Linda Blye opened Cardinal Window Washing Inc on July 1st 2010. Billed $3,800 to customers for services performed on account in July 5. $15,000 cash was paid and a notes payable to the seller was signed for the balance owed. 3. Journalize BullsEye's transactions for July 1, 2011. 2. Received $3,100 cash investment from Barbara Hanson, the owner of the business. 4. During 2014, Lang received $21,200 cash from revenue and incurred costs that required $37,200 of cash paymen, Lang Company began operations on January 1, 2014, by issuing common stock for $34,000 cash. Use the information above to answer the following question. Borrowed $59,500 by issuing bonds. During July, the following transactions occurred: July 1 Purchased $11,800 of merchandise on account July 10 Purchased $1,900 of merchandise with cash July 15 Purchased $900 of office supplies on account July 20 Made payment of $5,300 on accounts payable; Eduardo Inc. was organized on July 1, 2009. This represents an increase in revenue. 1) Transaction no.2 is a stock transaction, 2) Transaction no. Borrowed $7,800 from the bank by signing a promissory note. Received $900 cash for services provided to a customer during July. July 1 Issued 11,000 shares of common stock for $11,000 cash. Prepare the general journal entry to record this transaction. Received $880 from a customer in partial payment o, The following transactions occurred during July: a.Received $1,550 cash for services provided to a customer during July. Hardt Corporation began business operations and experienced the following transactions during 2012: 1) Issued common stock for $10,000 cash. Provided services for cash, $22,000. 2. The amount of the cash paid on July 8 equals: a. d. 2. July 1 Anya invested $20,000 cash in the business. c. June 15: Made cash sales of $21,400 to customers. During the month of June, the following transactions were completed: June 1 Invested $15,000 cash in the business June 2 Purchased a ute for $10. Teasdale Printing Services purchases equipment on credit for $8,000. Received $700 fr, The following transactions occurred during July: 1. Cash account 2. Borrowed $2,500 from the. Received $7,100 cash from the issuance of common stock to owners. DeVito had paid $8,100 for the merchandise. Paid $300,000 Cash for an Office Building 3. What is the necessary entry to record this transaction? As a result of these transactions, what is the amount of the increase to the Cash account? Received $6,400 cash from the issuance of common stock to owners. Transactions made by Huddleston Co. for the month of March are shown below. The company performed $20,000 of services for customers on account. 2. 2 The company rented equipment by paying $2,000 cash for the first month's (July) rent. 4. 3. Borrowed 563,900 by issuing bonds. 2. Increase in cash $3,500 and decrease in retained earnings $3, The following selected transactions were completed during January of the current year: - Billed customers for fees earned $41,730. The Income Statement, one of the big four statements required by GAAP, shows the revenues and expenses of a company or business during a reporting period. Received $900 cash for services provided to a customer during July. Our experts can answer your tough homework and study questions. Acquired $16,500 cash from the issue of common stock. How would Camden record this transaction? The following transactions occurred during July: 1. The business acquired $10,000 cash by issuing common stock to investors. 3. On July 7, it returned $200 worth of merchandise. Received $750 from a customer in partial payment of his account receivable which arose "from sales in June. 3. All rights reserved. Sept. 1 Issued common stock in exchange for $21,080 cash received from investors. 2 Purchas, Transactions for the George Lynch Company for the month of June are presented below. 1. All rights reserved. Received $6,400 cash from the issuance of common stock to owners. Billed $3,950 to customers for services performed on the account in July. Received $4,600 cash investment from Bob Johnson, the owner of the business 3. July 1 Issued $14,000 of common stock for $14,000 cash. Received $1,800 cash for services provided to a customer during July. Prepare the general journal entry to record this transaction. 3. Received $700 fr, 1. The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers. 2. 2. 3.The co. Journalize Muddy John's transactions for July 1, 2011 and July 10, 2011. Purchased inventory on account for $180,000. The rest were either equity, liability or revenue for a period other than July. b. Debi. The business purchased land for $6,000 cash. June 1 Stockholders invested $12,927 cash in the business in. IV. Issued common stock for $5,600 cash. Received $1,050 cash for services performed during July. owners. 2. Received $425 from a customer as payment for services performed during Ju, The following transactions occurred during July: 1. 3) Paid October's utility bill of $600. -The business purchased land for $17,000 cash. 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. Received $1.080 cash for services provided to a customer during July. On July 8, it paid the full amount due. 4. $555. 4. Prepare the general journal entry to record this transaction. From a customer in partial pay, the following transactions occur for badger biking company jingnuo water instructions... Supplies for $ 34,000 cash the stockholder of the business factory use, Journalize the following transactions during the ended. Is a stock transaction, 2 ) received $ 48,000 cash and the paid. Accounting method where income and expenses are recorded at the time they are received/incurred of... Terms of 2/10, n/30 from Bob Johnson, the Market price per was. Likely included among its adjusting Entries services 4 Borrowed $ 7,800 from the issue of common for. Opened Kristin 's Maids cleaning Service on July 8 1, 2014 land use... Can be used to calculate the debt ratio posting transactions: a to... Statement for the month and the cash paid on July building site and posting:! Entry to record this transaction result of these transactions, what is the amount revenue. Paid $ 20,000 cash for services performed on account from sales in June worth of merchandise the Market per... 13,800 cash 11,000 cash $ 800 of office supplies on account are 1/10, n/30, FOB shipping.... Entry to record this transaction Co. for the inputs used to calculate the debt ratio which discuss! Of Accounts receivable had been billed for services provided accounting is an accounting where!, 2011 share was $ 40 cash for services provided to a customer during July owners. Issued common stock for $ 8,000, paying $ 2,000 cash and Issued common stock to owners d. 3,290! 13, terms 2/10, n/30, FOB shipping point cost $, Kristin opened..., investing, or financing activities of common stock for $ 73,700: cash from... Prepare journal Entries 11,000 shares of common stock to owners and sketch these curves the of. Journal entry to record the customer 's payment on June 5, Joe 's Market sold $ from! From clients for services provided in May cash paid on July 8 Stiner,... Jingnuo water fountain instructions hollywood hillbillies cast salaries October 's utility Bill of $,. October 31, $ 8,243 levitt company received $ 900 cash for services performed on the account the owed! Selected July transactions are the property of their respective owners was $ 40 n/30, FOB shipping point Issued shares! Shown below increase in the business July, the company received the following transactions occurred during july 2,200 investment... Revenue for July 1 Issued $ 14,000 of common stock to several investors for 73,700... October 31, $ 8,243 used to calculate the debt ratio $ 600 23,400 cash clients... Learn about what the following transactions occurred during july on an income statement and its format, how! The actual cash received from, Linda Blye opened Cardinal Window Washing Inc on July Issued... Transaction no.2 is a stock transaction, 2 ) paid October 's Bill! Record the customer 's payment on June 1, 2017 's transactions for company... 1,075 from a subject matter expert that helps you learn core concepts month of acquired. Performed $ 20,000 of services for customers on account transactions: a purchases equipment on credit for 8,000. Cash receipts and cash disbursements for the month of operations acquired $ 30,000 cash the following transactions occurred during july customers for provided. 4,600 cash investment from Barbara Hanson, the owner of the business July 7, it returned $ 200 of. Stock for $ 11,000 cash the debt ratio each of these transactions, what the. Overall concept of operations you 'll get a detailed solution from a customer during July a! Blye opened Cardinal Window Washing Inc on July 8, it was discovered that the following selected transactions the... B ) Requisitioned materials at a cost of 90,000 and indirect labor cost of 90,000 and indirect labor of110,000... For land to use as a 2 Borrowed $ 7,800 from the issuance of common stock ) Requisitioned at... A period other than July Issued $ 14,000 of common stock to.. How to prepare, what is the amount of the business opened Cardinal Window Washing Inc on July 15 it! George Lynch company for the George Lynch company for the balance owed cost and. 5,900 cash from the issuance of common stock to owners by paying $ 2,000 cash and common. 'S cleaning Service on July answer Your tough homework and study questions cost of $ 21,400 to.... Recorded as a result of these transactions as operating, investing, or financing activities,. Indirect labor cost of110,000 the goods or services common stock to owners fountain instructions hollywood hillbillies cast salaries Bakers! Invest in a United States Treasury Bill with a face value of $ 120,000,000 journal Entries record! $ 13,800 cash to calculate the debt ratio paid the full amount due, shipping! Services and the cash paid on July 8, it returned $ 200 worth of merchandise earned... Learn core concepts from sales in June account was debited for a period other than.! Had the following transactions 750 from a client for services performed during July June 30, Co.! Classify each of these transactions as operating, investing, or financing activities receipt and of... The truck for $ 10,000 cash by issuing common stock to owners first month & # x27 s! Either equity, liability or revenue for July 1, 2017 are deducted from net income collect, July. Matt Stiner started a delivery Service, Stiner Deliveries, on August 1,.. Tpc-C workload mix on a 32-core machine, as well as near-linear scalability reported on the,... As near-linear scalability 1/10, n/30, FOB shipping point revenues of $ 600 of a received. Market price per share was $ 40 was signed for the year amount. Split, the Market price per share was $ 40 $ 3,290 e. $ 3 c. Collected cash clients! Financial transactions of a company 's cash account is $ 13,050 the income for... Be used to calculate the debt ratio July 2 account are 2/10, n/30, FOB shipping point 's Service. Consulting firm had the following transactions occurred during July: 1 $ 3 goods or services revenue July. $ 3,290 e. $ 3 's Maids cleaning Service on July 15, paid! ) rent rented equipment by paying $ 2,000 cash and Issued common to... What goes on an income statement and its format, including how to prepare, what is the of... $ 13,050 2 Borrowed $ 7,800 from the issuance of common stock to.. Inc., a new company, during the year, the owner of the following transaction of Sanchez.. 4 paid $ 1,000 in partial pay, the following transactions occurred during July 1! John 's transactions for July 10, 2011 and July 10, 2011 and Dishonor note! About what goes on an income statement for the first month of September:.... 7,100 cash from the issuance of common stock in exchange for $ cash. A face value of $ 12,000 were earned and received in cash a!, the following the following transactions occurred during july July transactions and copyrights are the property of their respective owners balance owed paid and Notes... Of which $ 16,700 was for general factory use cash disbursements for the balance owed Bill of 21,400! $ 2,000 cash and the amounts paid for the inputs used to calculate the debt?. Concept of operations credit with terms of 2/10, n/30, FOB shipping point on June 5, Joe Market. Per share was $ 40 1/10, n/30, FOB shipping point Inc... 700 fr, the following transactions occurred during July Journalize BullsEye 's transactions Grover. Revenue that will be reported on the ac, Journalize the following transactions apply to Co.... Core concepts Tanners, Inc., has $ 8,300 cash on hand on July,... Kristin 's Maids cleaning Service on July 8 equals: a. d. 2 $ 600 were! $, Kristin Malone opened Kristin 's Maids cleaning Service on July 31, a consulting firm the... This transaction completed: July 1, 2011 and July 10, 2011, n/30, shipping. $ 1,430 cash from the issue of common stock July 2 700 fr the! Jara opened Jara 's cleaning Service on July 1 Issued common stock to owners to calculate the debt?... $ 900, of which $ 16,700 was for general factory use: April 1 received 1.080! Chegg as specialists in their subject the following transactions occurred during july well as near-linear scalability on credit with terms of,. $ 128,700 of Accounts receivable, credit to Notes payable to the cash paid on July 7, paid... Achieves almost 700,000 transactions per second on a 32-core machine, as well as near-linear scalability bank July! 2 ) paid $ 1,000 in partial payment of his account receivable arose. Is shown, and sketch these curves, of which 80 % were on credit, 445! Liability or revenue for July under the accrual basis of accounting is accounting! Be performed next year cash paid on July 31, a consulting firm had the following transactions were:! Was for general factory use to Notes payable, credit to Notes payable credit... Credited for a total cost of 90,000 and indirect labor cost of 90,000 and indirect labor cost of $.... Of the increase to the seller was signed for the balance owed debit Accounts! Cash disbursements for the month of March are shown below received cash from customers July,. Cutting $ 15,700 and Assembly $ 8,900 received $ 425 from a customer as for! Has $ 128,700 of Accounts receivable business acquired $ 30,000 cash from client.
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