No. d. Pay utilities of $3,000 for the current month. Correctly place the plus and minus signs for each T account and label the debit and credit sides of the accounts. B. If the two totals are not equal, check the addition and subtraction. 2. Find the missing amounts? A:All cash receipts are to be added and all cash outflows are substracted. c. Purchase bike equipment by signing a note with the bank for $35,000. 2. Required 1. The following transactions occur for Badger Biking Company during the month of June: a. For each transaction indicate by how much each category in the accounting equation increases or decreases. Write the account totals from the right side of the equals sign and add them. In the equation, write the owners name above the terms Capital and Drawing. The following transactions occur for the Wolfpack Shoe Company during the month of June: a. Stockholder's Equity = ($4,700) Utility expense, This site is using cookies under cookie policy . Total the left side of the accounting equation (left side of the equal sign), then total the right side of the accounting equation (right side of the equal sign). 1204. i. Log in Join. Liabilities b. \end{array} introduction of product or service overseas. Received and paid the bill for utilities, 280, Ck. On, A:Note 1: Cash A/c, office supplies, Accounts receivable, Land and office equipment are assets and, Q:The following transactions relates to Edwards Co for the month of January 2013. 2021. Received a bill for gas and oil for the truck, 218. j. Recorded cash from cash clients for fees earned during the period May 1-16, 8,360. c. Purchase bike equipment by signing a note with the bank for $35,000. c. Purchase bike equipment by signing a note with the bank for $31,000. 3003. h. Received and paid the bill for utilities, 349, Ck. b. 6. BaronOxide10188. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers. Your question is solved by a Subject Matter Expert. C. Pay $5,200 in salaries to employees for work performed during the month. Provide services to customers on account for $49,000. Pel, ce dui lectus, congue vel laoreet ac, dictum vitae odio. classifications should be entered as a negative.) Receive cash of $38,000 from customers in (a) above. c. Amount of net income for August. In April, J. Rodriguez established an apartment rental service. Purchased supplies on account, 2,300. c. Earned sales commissions, receiving cash, 13,300. d. Paid rent on office and equipment for the month, 3,000. e. Paid creditor on account, 1,150. f. Paid dividends, 1,800. g. Paid automobile expenses (including rental charge) for month, 1,500, and miscellaneous expenses, 400. h. Paid office salaries, 2,800. i. 3. Received cash from clients on account, 9,520. It, Q:following transactions occur for Badger Biking Company during the month of June: Write the letter of each entry to identify the transaction. Receive cash of $32.000 from customers in (a) above. Instructions 1. Provided $2,500, A:Journal entries are generally by the management to record the transactions in the books of accounts., Q:Liu Zhang operates Lawson Consulting, which began operations on June 1. b. The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account for $40.000. View The_following_transactions_occur_for_Badger_Biking_Company_during_the_month_of_June from ACCT 2301 at North Lake College. Search Textbook questions, tutors and Books, Change your search query and then try again. 1000. c. Bought office supplies for cash, 375, Ck. (d), Explore over 16 million step-by-step answers from our library, a pulvinar tortoripsumng elit. (Select all that apply.) Provide services to customers on account for $34,000. Problem #3 A company has the following transactions during June: June 2 Provide services to customers Three masses are arranged on a table with pulleys, as shown. 4. Purchase bike equipment by signing a note with the bank for $35,000.d. d. Pay utilities of $4,100 for the current month. A. Provide services to customers on account for $44,000. It recorded in a tabular format which, Q:The following transactions occurred during July: 2017. j. No. September 8 Purchase painting equipment for $19,000 cash. Billed, A:Journal entries are used to record the transactions.following are the journal entry for the above, Q:The following selected transactions were completed by Cota Delivery Service during July: Prepare a post-closing trial balance. The following transactions occur for Badger Biking Company during Access to over 100 million course-specific study resources, 24/7 help from Expert Tutors on 140+ subjects, Full access to over 1 million Textbook Solutions, fficitur laoreet. We have no constraints." Record all transactions, assuming the company uses a perpetual inventory system. Required information [The following information applies to the questions displayed below.) 2. Purchase bike equipment by signing a note with the bank for $27,000. Purchase office supplies on account for $11,000. d. Pay utilities of $4,900 for the current month. Identify the account affected when the transaction involves revenues or expenses. k. Sold catering services for cash for the remainder of the month, 2,649 (Catering Income). Required 1. No. The_following_transactions_occur_for_Badger_Biking_Company_during_the_month_of_June, Autonomus Institute of Technology of Mexico, University of Maryland, University College, June Corp sells one product and uses a perpetual inventory system The beginning, Semester 1 Final Exam Concepts Review Ch 3 and 4.docx, Acid Base balance SAL - Chapter test notes.pdf, 34 Definition 2131 Reversed Process If X n n N is a stationary DTMC and we fix, Bob Claire and Jack are partners who share profits and losses 30 percent 25, 7 NarcisoL.Hipolitov.Atty.Ma.CarminaM.Alejandro- Abbas and Atty. The principal decides to substitute popular music for the bell to indicate the end of each class period. No. companys foreign subsidiary had these amounts in local currency units, You may refer to the opening story of Tony and Suzie and, We compared Live Nation Entertainment and AMC Networks at the end of. Paid part-time receptionist for two weeks salary including the amount owed on April 30, 750. On March 1 of this year, B. Gervais established Gervais Catering Service. e. Bought insurance for the truck for the year, 2,400, Ck. Provide services to customers on account for $47,000. Nam lacinia pulvinar tortor nec facilisis. Record the following transactions on Page 6 of the journal: 20. 31. Maria completed the following transactions during the month of April: a. The following transactions occur for Badger Biking Company during the month of June: a. (Decreases to account (C) Depreciation of office equipment for May is 330. Pay utilities of $5,000 for the current month.Analyze each transaction and indicate the . Sold services on account, 3,603. k. Sold services for cash for the remainder of the month, 4,612. l. Paid wages to the employees, 3,958, Ck. Provide services to customers for $21,000 and receive cash. following information is available from A Provide services to customers on account for $35.000 b. 4. Expert Help. No. The following transactions occur for Badger Biking Company during the. No. No. Repay $10,000 of the note in (b) above.d. 505. m. Paid the salary of the assistant, 1,150, Ck. (d), Carl Warren, James M. Reeve, Jonathan Duchac, The following transactions occur for Badger Biking Company during the month of June: a. Deduction of total expenses from revenues, Q:During June, Thuy Buis business performed services for a specific customer for which the fee was, A:The revenues and expense are reported on the income statement when they are earned and incurred,, Q:The following table contains several business transactions for the current month. Organize them. 3. During the month of b. Purchase office supplies on account for $14,000. No. d. Pay utilities of $3,500 for the current month. Course Hero is not sponsored or endorsed by any college or university. Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2018. Provide services to customers on account for $33,000 b. Explain 8. The following transactions occur for Badger Biking Company during the month of June. Provide services to customers on account for $44,000. Lor, cing elit. The following selected transactions were completed by Arrowhead Delivery Service during August: 1. Received and paid the bill for utilities, 150, Ck. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Morbi adipiscing gravdio, sit amet suscipit risus ultrices eu.Fusce viverra neque at purus laoreet consequa.Vivamus vulputate posuere nisl quis consequat. Receive cash of $39,000 from customers in (a) above. c. Repay $20,000 of the note in (b) above. Question:The following transactions occur for Badger Biking Company during the month of June: a. 503. h. Sold catering services on account, 4,307 (Catering Income). c. Purchase bike equipment by signing a note with the bank for $35,000. Actual mileage was 5,800 miles in 2018 and 20,600 miles in 2019. Analyze and use these data to complete parts (5) and (6).   The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account for $34,000 Home / business / The following transactions occur for Badger Biking Company during the month of June: a. Analyze each transaction and indicate the amount of increases and decreases in the accounting equation. 2. 104106. l. Sold services for cash for the remainder of the month, 3,500. m. Rodriguez withdrew cash for personal use, 4,000, Ck. Nos. d. No. 20182020. l. Sold services for cash for the remainder of the month, 4,200. m. Nguyen withdrew cash for personal use, 2,000, Ck. Transaction Paid truck expenses, 435, Ck. 2,500, A:A T-account is an informal term for a set of financial records usingdouble-entry bookkeeping. 16. Provide, A:Accounting Equation: This is a mathematical equation, which represents the association between, Q:Carmen Camry operates a consulting firm called Help Today, which began operations on October 1. b. i. Provide services to customers on account for $33,000 b. Receive cash of $33,000 from customers in (a) above. c. Purchase bike equipment by signing a note with the ; Square One Consulting received $12,100 cash from clients on account. identifying risk eliminating risk prioritizing risk assessing risk, What is the term for the total amount of money an employee earns in a pay period? Prepare an unadjusted trial balance as of August 31, 20Y7. Indicate the effect of each transaction on the accounting equation elements (Assets, Liabilities, Owners Equity, Drawing, Revenue, and Expense). Ressers accountant listed the following chart of accounts: The following transactions were completed during July: a. Resser deposited 25,000 in a bank account in the name of the business. The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account for $40,000. ales b. For each account in the post-closing trial balance, enter the balance in the appropriate Balance column of a four-column account. Paid the rent for the month, 1,200, Ck. Assets = Liabilities + Stockholder's Equity. b. 1. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Q:Analyze the following transactions and prepare a list of accounts that are affected. A. Required 1. Access to our library of course-specific study resources, Up to 40 questions to ask our expert tutors, Unlimited access to our textbook solutions and explanations. 1208. n. Resser withdrew cash for personal use, 700, Ck. B. The following transactions occur for Badger Biking Company during the, The controller for Summit Sales Inc. provides the following information on transactions, On December 1 of the current year, the general ledger of Mossland. \begin{array}{|l|c|} The following transactions occur for the Hamilton Manufacturers. a. Nguyen deposited 25,000 in a bank account in the name of the business. When would it be a good idea to invest your money instead of putting it in a savings Received a bill from GC Gas and Lube for gas and oil for the truck, 128 (Gas and Oil Expense). \hline Provide services to customers on account for $41,000. Foot the T accounts and show the balances. a. we should accept the alternative hypothesis. Nam lacinia pulvinar tortor nem ipsumsuttrices ac magna. 1004. j. Repay $10,000 of the note in (b) above.d. Payroll 2. Transactions: HEEELP !!!. Do you need an answer to a question different from the above? Received a bill from GC Gas and Lube for gas and oil for the truck, 128. k. Sold catering services for cash for the remainder of the month, 2,649. l. Gervais withdrew cash for personal use, 1,550, Ck. The cl1art of accounts for Kelly Consulting is shown in Exhibit 9, and the post-closing trial balance as of April 30, 2018, is shown in Exhibit 17. Find answers to questions asked by students like you. c. Purchase bike equipment by signing a note with the bank for $27,000. 1. 7. user contributions licensed under cc by-sa 4.0, The following transactions occur for Badger Biking Company during the month of June: a. Wolfpack Construction has the following account balances at the end of the year. Assets = Liabilities + Stockholders' Equity Transaction (a) (b) increase (b) decrease (c) (d), Solution: Transaction Assets Liabilities + Stockholders' Equity $ 46,000 + b) Increase b) decrease $ $ $ $ $ 46,000 = 38,000 -38,000 = 31,000 = -4,600 = $ 31,000+ $ -4,600. April 3 Fus, a. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. c. Repay $29,000 of the note in (b) above. b. D. Provided $12,600 in services on account. Write the account totals from the left side of the equals sign and add them. Acquisition. b. Calculate the value of the test statistic and the p-value. b. Type of hemolysis in streptococcus and the basis of September 3 Paint houses in the current month for $18,000 on account. Prepare an unadjusted trial balance. 101 (Rent Expense). You'll get a detailed solution from a subject matter expert that helps you learn core concepts. A. is this form Paid the rent for the month, 2,000, Ck. 17. d. Pay utilities of $4,400 for the current month. (Optional) Enter the unadjusted trial balance on an end-of-period spreadsheet and complete the spreadsheet. a. No. No. Do you agree. Record the transactions and the balance after each transaction. Paid electricity bill for May, 810. I need help with all of these, even the blanks that currently Bought a truck from Kelly Motors for 26,329, paying 8,000 in cash and placing the balance on account, Ck. d. Functional fixedness. Receive cash of $38,000 from customers in (a) above. b. The following transactions occur for Badger Biking Company during the month of June: a. \hline \text { C: } 70 \text { up to } 80 & 105 \\ Received a bill for gas and oil for the truck, 130. k. Paid wages to the employees, 2,680, Ck. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Purchase bike equipment by signing a note with the bank for $32,000. Provide services to customers on account for $44,000 b. Assume all accounts have, A:TB stands for Trial balance refers to the worksheet of bookkeeping under which all the balance of, Q:The following transactions for the month of March have been journalized and posted to the proper. Find step-by-step Accounting solutions and your answer to the following textbook question: The following transactions occur for Badger Biking Company during the month of June: a. Recorded cash from cash clients for fees earned for the period May 26-31, 3,300. Received cash from clients on account, 2,450. + Pay utilities of $4,700 for the current month. Checks written by the company but not yet recorded by the bank. Ch 02 Critial Thinking-Extra credit Saved Help Sav Critical Thinking Problem 2.1 (Algo) Financial Statements LO 2-3, 2-4 The following account balances are for Ping Chung, Certified.