Business, 20.09.2020 09:01 dshood2298

Martinez Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. Aug. 2 Invested $11,440 cash and $2,350 of equipment in the business.
7 Purchased supplies on account for $490. (Debit asset account.)
12 Performed services for clients, for which $1,380 was collected in cash and $640 was billed to the clients.
15 Paid August rent $555.
19 Counted supplies and determined that only $245 of the supplies purchased on August 7 are still on hand.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 09:00, nicoleaaliyah

Brian has been working for a few years now and has saved a substantial amount of money. he now wants to invest 50 percent of his savings in a bank account where it will be locked for three years and gain interest. which type of bank account should brian open? a. savings account b. money market account c. checking account d. certificate of deposit

Answers: 1

continue

Business, 22.06.2019 11:00, roseemariehunter12

In each of the following cases, find the unknown variable. ignore taxes. (do not round intermediate calculations and round your answers to the nearest whole number, e. g., 32.) accounting unit price unit variable cost fixed costs depreciation break-even 20,500 $ 44 $ 24 $ 275,000 $ 133,500 44 4,400,000 940,000 8,000 75 320,000 80,000

Answers: 3

continue

Business, 22.06.2019 13:50, tinasidell1972

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?

Answers: 2

continue

Business, 22.06.2019 14:30, ayoismeisjjjjuan

Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.

Answers: 3

continue

You know the right answer?

Martinez Repair Shop had the following transactions during the first month of business as a propriet...