Studybay uses cookies to ensure that we give you the best experience on our website. By continuing to use Studybay you accept our use of cookies view more on our Cookie Policy
How can I earn money with StudyBay Top writers
Order Assignment
This order has already been completed on Studybay
On Studybay you can order your academic assignment from one of our 45000 professional writers. Hire your writer directly, without overpaying for agencies and affiliates! Check price for your assignment
18 bids submitted. Essay Example.

Introduction to Accounting

ASSIGNMENT 08 A01 Introduction to Accounting Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the "Assignment Format" page located on the Course Home page for specific format requirements. Part A (20 points) Prepare in proper form journal entries for the following transactions. Omit explanations. October 2 Owner made a cash investment into the company $5,000 8 Bought supplies on account $100. 10 Paid salaries, $700 15 Paid for supplies purchased on October 8 21 Received company telephone bill, to be paid later, $30 Part B (5 points each for a possible total of 50 points) Record the following selected transactions for January in a two-column journal, identifying each entry by letter: (a) Earned $7,000 fees; customer will pay later. (b) Purchased equipment for $45,000, paying $20,000 in cash and the remainder on credit (c) Paid $3,000 for rent for January. (d) Purchased $2,500 of supplies on account. (e) A. Allen $1,000 investment in the company. (f) Received $7,000 in cash for fees earned previously. (g) Paid $1,200 to creditors on account. (h) Paid wages of $6,250. (i) Received $7,150 from customers on account. (j) A. Allen withdrawal of $1,750. Part C (1) (10 points) From the following items in the income statement columns of the worksheet of Friend's Tutoring at December 31, prepare the closing entries without explanation, assuming that a $1,000 withdrawal was made during the period. Income Statement Account Debit Credit Tutoring Fees 3,450 Wages Expense 700 Rent Expense 600 Supplies Expense 450 Insurance Expense 250 _____ 2,000 3,450 Net Income 1,450 _____ $3,450 $3,450 (2) (5 points each for a possible total of 20 points) A summary of selected ledger accounts appear below for S. Ball for the current calendar year. Answer the following questions. a. What was the total amount of withdrawals for the year? b. What was the net income? c. What was the total revenue? d. What were the total expenses?
ASSIGNMENT 08 A01 Introduction to Accounting Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format.
Assignment ID
176945
Discipline
CREATED ON
15 May 2017
COMPLETED ON
16 May 2017
Price
$40
This order has already been completed on Studybay
On Studybay you can order your academic assignment from one of our 45000 professional writers. Hire your writer directly, without overpaying for agencies and affiliates!
Check price for your Math Assignment
Complet math exercises
Math Assignment, Mathematics
Price 40 $
Mathematic assigments
Math Assignment, Mathematics
Price 40 $
Math questions
Math Assignment, Mathematics
Price 40 $
Essay on exponential and logarithmic functions
Math Assignment, Mathematics
Price 40 $
Mathematics
Math Assignment, Mathematics
Price 40 $
International bachelor math hl internal assessment
Math Assignment, Mathematics
Price 40 $
Math 92 algebra
Math Assignment, Mathematics
Price 40 $
Unit 3 discussion problem
Math Assignment, Mathematics
Price 40 $
Pre calculus
Math Assignment, Mathematics
Price 40 $
Math problems
Math Assignment, Mathematics
Price 40 $
Advanced functions math assignment
Math Assignment, Mathematics
Price 40 $
Statistic
Math Assignment, Mathematics
Price 40 $
Studybay assignment progress timeline
Studybay is a freelance platform where you can order a Introduction to Accounting paper, written from scratch by professors and tutors.
15 May 2017
User posted an order for Mathematics
15 May 2017
18 writers responded and offered to do the job for a price between $45 and $45
15 May 2017
User contacted writer
15 May 2017
User hired writer
16 May 2017
Writer completed order Introduction to Accounting for 1 day, meeting the deadline
16 May 2017
User accepted the job right away and completed the payment
16 May 2017
User left a positive review
The Inbound Head to Operators
Tourism Mass Market travel operators have dominated in the outbound market for a long time, with the climb of holidays in another country becoming a lot...
In Don Juan Lord Byron Criticises British Literature Essay
English Literature In Don Juan, Lord Byron criticises and mocks many of the ideals of his day, seeking to sketch the planet 'exactly as it moves' and...
What Brought on The 1991 Gulf Conflict Politics Essay
Politics On two August 1990 Iraq invaded Kuwait: the entire world was astonished and what was feared in the previous months came up true. In the next...
Increased Efficiency Of Trading Globally Economics Essay
Economics INTRODUCTION Would people ever stop thinking about why some countries simply do much better than others? Stop thinking why people move in one...
Other assignments in this discipline
Calculus assignment
Coursework, Mathematics
Price 40 $.
Final term paper
Term paper, Mathematics
Price 30 $.
Linear algebra
Essay, Mathematics
Price 30 $.
Surge and logistic assignment 1
Coursework, Mathematics
Price 40 $.
Linear algebra
Research Paper, Mathematics
Price 40 $.
Water, water, everywhere
Other types, Mathematics
Price 40 $.
Problem solving and computation
Coursework, Mathematics
Price 40 $.
Real-world applications of linear algebra
Essay, Mathematics
Price 30 $.
Mathematics of linear algebra
Research Paper, Mathematics
Price 40 $.
Linear algebra
Research Paper, Mathematics
Price 40 $.
Algebra class on aleks
Coursework, Mathematics
Price 40 $.