Paid $400 for office supplies

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August undefined, 2024

Weba. On the first of the month, paid $1,200 for insurance for the next 12 months. b. Received $4,800 for services to be performed equally over the next 12 months. c. Paid $600 for the … WebTranscribed Image Text: Purchased office furniture on account, $4,200. The furniture should last for five years. 4 5 Purchased office supplies on account, $900. 9 Performed …

Purchase Office Supplies on Account - Double Entry …

WebEdward Jones Making Sense of Investing WebApril 1.) Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company. Received common stock (50,000 shares at $1 par). 2 .) The company rented furnished office space by paying $1,800 cash for the first & last month's rent. 3.) The company purchased $1,000 of office supplies for cash. 10.) psl live telecast

What is the Adjusting Entry for Office Supplies? (Example …

WebCash and Cash Equivalent Problem 1 Timex Company reported petty cash fund which comprised the following: Coins and currency 3,300 Paid vouchers: Transportation 600 Gasoline 400 Office Supplies 500 Postage stamps 300 Due from employees 1,200 3,000 Manager’s check returned by the bank marked “NSF” 1,000 Check drawn by the entity to … Web5 Paid $1,450 for supplies Equipment . Expense. $1,450. Cash $1,450. 6 Purchased $600 of advertising . in the Daily Herald, on account. Advertising $600. Accounts . Payable. ... Equity $400. Cash $400. 9 Paid the utility bill for the . month $2,000. Accounts . Payable. $2,000. Cash $2,000. 10 Paid Daily Herald the amount . due in transaction (6 ... WebPS Music’s chart of accounts and the balance of accounts as of July 1, 2024 (all normal balances), are as follows: 11 Cash $3,920 41 Fees Earned $6,200 12 Accounts Receivable 1,000 50 Wages Expense 400 14 Supplies 170 51 Office Rent Expense 800 15 Prepaid Insurance — 52 Equipment Rent Expense 675 17 Office Equipment — 53 Utilities Expense … psl live streaming uae

Paid cash for supplies journal entry Example

WebNov 13, 2024 · Cash paid $ 400 and remaining outstanding. - Brainly.com. 11/13/2024. Business. College. answered. Purchased office supplies for $1,400. Cash paid $ 400 and … WebThe new accounting equation would be: Assets $30,200 (Cash $13,900 + Supplies $500 + Prepaid Rent $1,800 + Equipment $5,500 + Truck $8,500) = Liabilities $200 + Equity … psl live streaming matchWebAccounting questions and answers. + Ch 2 Learning Assignment Question 2 of 4 < > - 75 TIT 1. 2. 3. Cash is paid for the purchase of $400 of office supplies. Customer is billed $1,000 … psl log south africa

"WebThe new accounting equation would be: Assets $30,200 (Cash $13,900 + Supplies $500 + Prepaid Rent $1,800 + Equipment $5,500 + Truck $8,500) = Liabilities $200 + Equity $30,000. 7. Selling services for cash. During the month of February, Metro Corporation earned a total of $50,000 in revenue from clients who paid cash. " - Paid $400 for office supplies

Paid $400 for office supplies

Purchased office supplies for $1,400. Cash paid $ 400 and …

WebA company is considering replacing an old piece of machinery, which costs $600,000 and has$350,000 of accumulated depreciation to date, with a new machine that costs … Web• Sue K ojima opened a law office on July 1, 2014. ... the . balance sheet showed Cash $5,000, Acc ounts R eceivable $1,500, Supplies $500, E quipment $6,000, Accounts P ay able $4,200, and . ... Purchased additional equipment f or $2,000,paying $400 in cash . and the balance on account. 5. Paid salaries $2,500, ren t for August $900, and ...

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WebIn this case, we can determine that the office supplies used up during the period with the formula as below: Office supplies used = Beginning office supplies + Bought-in office supplies – Ending office supplies. Office supplies used = 1,000 + 800 – 500 = 1,300. Likewise, the company ABC can make the journal entry for $1,300 of the office ... WebIn this case, we can determine that the office supplies used up during the period with the formula as below: Office supplies used = Beginning office supplies + Bought-in office …

WebApr 26, 2024 · DEBIT: Office Equipment 30000 (15000 x 2) CREDIT: De Asis, Capital 880000 (850000+30000)..... 2. PAID barangay and municipal TAXES, 3500. DEBIT: Taxes and Licenses Expense 3500 CREDIT: Cash 3500..... 3. Bought a small office CONDOMINIUM for 500000, giving 250000 CASH and signing a MORTGAGE payable in 10 years for the … Web5. Purchased additional office equipment on account from Office Station Co., $6,500. 6. Received cash from clients on account, $15,300. 10. Paid cash for a newspaper advertisement, $400. 12. Paid Office Station Co. for part of the debt incurred on July 5, $5,200. 12. Recorded services provided on account for the period July 1–12, $13,300. 14.

WebFor example, on March 18, 2024, the company ABC purchases $ 1,000 of office supplies by paying with cash immediately. In this case, the company ABC can make the journal entry for the paid cash for supplies on March 18, 2024, as below: On March 19, 2024, the company … Statement of Cash Flows What is Statement of Cash Flows? Statement of cash flows … Why Cash is High-Risk. There are many reasons why cash is usually considered a … Cash Credit. Cash credit is the line of credit that allows company to borrow money … Semi Variable Cost Semi Variable cost, also known as mixed cost, is the cost which … Agreed Upon Procedures Overview Agreed-upon procedures engagement is a type … Method of Evaluating Capital Investment Proposals Capital Investment is the … Unearned revenue is a liability account which its normal balance is on the credit … Individualized Ad Experiences Using Ezoic Technology. Ezoic is a powerful machine … WebSep 19, 2024 · If you initially record office supplies as an asset, they become an expense when you use them. In that case, you would make an adjusting entry in your accounting records at the end of the ...

WebJul 31, 2014 · Aug. 5. Paid insurance premiums, $12,000. 9. Returned a portion of the office supplies purchased on August 1, receiving full credit for their cost, $400. 17. Paid advertising expense, $8,000. 23. Paid creditors on account, $13,750. Enter the following transactions on Page 19 of the two-column journal. 29. Paid miscellaneous expenses, …

WebCoins and currency P 3, Paid vouchers: Transportation P 600 Gasoline 400 Office supplies 500 Postage stamps 300 Due from employees 1,200 3, ... 400 . Office supplie s. 500 . Postage stamps. 300 . Due from employees. 1,200 . 3,000 . Check drawn by the e ntity to . the order of petty ca sh . custodian. psl live watchWebThe New Version Of Microsoft Office 2024 Pro Plus In 2024 Is A Perpetually Licensed Office. At the Microsoft Ignite 2024 conference, Microsoft kept in mind the challenges posed by … horseraceweatherWebOffice Supplies – An Explanation. Office Supplies include copy paper, toner cartridges, stationery items, and other miscellaneous desk supplies. Given that many items are included in the office supplies, it is hard to keep accounts and manage inventory for all of them individually. Therefore, there is a need to club all these items under one ... psl live streaming on sstvWebThe office supplies account of Springer Company had a balance at the beginning of 2013 of P80, before the reversing entry. ... Artesla Company paid P110,400 on June 1, 2016 for a one-year insurance policy and recorded the entire amount in a nominal account. horseraces pmu psl log table todayWeb3. Paid $400 cash for May office rent. 4. Paid $500 cash for supplies. 5. Incurred $250 of advertising costs in the Beacon News on account. 6. Received $5,100 in cash from customers for repair service. 7. Withdrew $1,000 cash for personal use. 8. Paid part-time employee salaries $2,000. 9. Paid utility bills $140. 10. psl livelyWebExercise 4-2A Transaction Debit Credit 1 Invested cash in the business, $5,000 Cash Capital 2 Paid office rent, $500 Cash Rent 3 Purchased office supplies on account, $300 Office Supplies Accounts Payable 4 Cash Accounts Rec. 5 Paid cash on account, $50 Cash Accounts Rec. 6 Rendered services on account, $300 Accounts Rec. Services 7 Cash ... psl live website