Questions from College Accounting

Q: Record the following transactions of Beach Bikes in a general journal:

Record the following transactions of Beach Bikes in a general journal:

Q: Record the following transactions of Evelyn’s Designs in a general journal:

Record the following transactions of Evelyn’s Designs in a general journal:

Q: Record the following transactions of LeCoz Fashions: /

Record the following transactions of LeCoz Fashions:

Q: Bae Company (buyer) and Johnson, Inc. (seller

Bae Company (buyer) and Johnson, Inc. (seller), engaged in the following transactions during February 20X1: Journalize the transactions above in a general journal for both Bae Company and Johnson, Inc...

Q: On June 30 the general ledger of Kisling, Inc., had

On June 30 the general ledger of Kisling, Inc., had the following balances:

Q: Post the entries in the general journal below to the accounts payable

Post the entries in the general journal below to the accounts payable account in the general ledger and to the appropriate accounts in the accounts payable ledger. Assume the following account balance...

Q: 1. Use the final balances of the vendor accounts after completing

1. Use the final balances of the vendor accounts after completing Exercise 8.8 to prepare a schedule of accounts payable for GeekAuto Supplies, Inc., as of January 31, 20X1. 2. Does the total of your...

Q: Southern Gift Shop, a retail business, started business on April

Southern Gift Shop, a retail business, started business on April 29, 20X1. It keeps a $300 change fund in its cash register. The cash receipts for the period from April 29 to April 30, 20X1, are shown...

Q: On January 2, 20X1, The Orange Legal Clinic issued Check

On January 2, 20X1, The Orange Legal Clinic issued Check 2108 for $400 to establish a petty cash fund. Indicate how this transaction would be recorded in a general journal. Use 1 as the journal page n...

Q: You and four friends have decided to create a new service company

You and four friends have decided to create a new service company called Unpacking for You. Your company unpacks for families once they have moved into a new house. Your business is primarily a cash b...