1.00
2.01
3.02
3.01
2.02
100
Tyler Jackson, Capital
What is an example of normal credit balance
100
Debit Rent Expense and credit Cash
What is the correct journal entry for the transaction,PAID CASH FOR RENT,$1,000?
100
Debit Accounts Receivable/ Lucky Mines, $438; Credit Sales, $414, Sales Tax Payable, $24
What is the journal entry for The Mine Safety Warehouse to record this transaction? The Mine Safety Warehouse sold Lucky Mines, merchandise on account for $414, plus sales tax for $24
100
Debit Purchases,$690; Credit Accounts Payable/Hardware Supply,$690
What is the journal entry for Michael's Hardware to record this transaction? Michael's Hardware purchased merchandise on account from Hardware Supply for $690.
100
The Income Statement credit total is $1,200 and the Income Statement debit total is $800.
What is a Net income of $400
200
Rent Expense
What is an example of normal debit balance
200
Debit Accounts Payable/Steinman Company and credit Cash
What is the correct journal entry for the transaction,BOUGHT SUPPLIES ON ACCOUNT FROM STEINMAN COMPANY,$75?
200
Debit Cash, $352; Credit Sales, $325, Sales Tax Payable, $27
What is the journal entry for Marty's Supply to record this transaction? Marty's Supply sold merchandise for cash to Karl's CD's for $325, plus sales tax of $27
200
Debit Purchases,$990;Credit Accounts Payable/Electronic Supply,$990
What is the journal entry for John's Appliances to record this transaction?John's Appliances purchased merchandise on account from Electronic Supply for $990.
200
Income Statment worksheet shows total debits of $600 and total credits of $750
What is a Net income of $150
300
Advertising Expense
What is an example of an account that has a normal debit balance
300
Debit Supplies and credit Accounts Payable/Jones Supply Company
What is the correct journal entry for the transaction, BOUGHT SUPPLIES ON ACCOUNT FROM JONES SUPPLY COMPANY,$250?
300
Debit Cash, $823; Credit Sales, $775, Sales Tax Payable, $48
What is the journal entry for Automotive Supply to record this transaction?Automotive Supply sold Merchandise for cash to Billy Bob's Auto Shop for $775, plus sales tax of $48
300
Debit Purchases,$249;Credit Accounts Payable/Veggie Wholesale,$249
What is the journal entry for Bill's Grocery to record this transaction? Bill's Grocery purchased merchandise on account from Veggie Wholesale for $249
300
The Income Statment credit total is $2,150 and the Income Statement debit total is $2,400
What is a Net loss of $250
400
Accounts Receivable/Oakdale School
What is an example of an account that has a normal debit balance?
400
Debit Cash and credit Accounts Receivable/Burke Supply
What is the correct journal entry for the transaction,RECEIVED CASH ON ACCOUNT FROM BURKE SUPPLY FOR,$800?
400
Debit Cash, $41; Credit Sales, $41
What is the journal entry for The Toy Shop record this transaction? The Toy Shop Sold Merchandise to Spirit Church for $41 cash.
400
Debit Purchases,$128;Credit Accounts Payable/Old Timers Supply,$128
What is the journal entry for The Antique Shop to record this transaction? The Antique Shop purchased merchandise on account from Old Timers Supply for $128.
400
Calculate the component percentages
What is the LAST Samual will do in preparing this statement?
500
Delivery Revenue
What is an example of an account that has a normal credit balance
500
Debit Cash and credit Accounts Receivable/Bill's Limos
What is the correct journal entry for the transaction,RECEIVED CASH ON ACCOUNT FROM BILL'S LIMOS FOR,$500?
500
Debit Cash, $839; Credit sales, $773, Sales Tax Payable, $56
What is the journal entry for Rubber Compunds to record this transaction?
500
Debit Purchases,$152;Credit Accounts Payable/Goldfish Supply,$152
What is the journal entry for Fish Friends Pet Shop to record this transaction? The Fish Friends Pet Shop purchased fish (merchandise) on account from Goldfish Supply for $152
500
Write the name of the company
What is the FIRST step Robert will do to prepare this statement?
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