Paid $400 for office supplies

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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 ... 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 …

Office supplies used journal entry Example

WebB. P 400. C. P 900. D. P 500. Transcribed Image Text: A count of the petty cash fund having an imprest balance of P10,000 of Reyes Corp. showed its composition as follows: Currency and coins 2,900 Paid vouchers: Transportation Gasoline Office supplies Postage stamps Due from employees NSF check returned by bank Check drawn by the company to the ... 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 … it\u0027s my own damn fault

Accounting Q and A: PR 2-4B Journal entries and trial balance

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, … 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 … WebOct 4, 2024 · As the supplies on hand are normally consumable within one year they are recorded as a current asset in the balance sheet of the business. Purchase Office … it\u0027s my oversight

Answered: Enter the following in the three-column… bartleby

Accounting Principles-Lecture 3 - Accounting Principles ... - Studocu

WebQuestion. Enter the following in the three-column cash book of an office supply shop. Balance off the cash book at the end of the month and show the discount accounts in the general ledger. January 2024. 1 January Balances brought forward: Cash Ksh. 420; Bank Ksh. 4,940. 2 January The following paid us by cheque, in each case deducting a 5 per ... WebThe 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 … it\\u0027s my ocd songWebPS 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 … it\\u0027s my opinion gif

"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 … " - Paid $400 for office supplies

Paid $400 for office supplies

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

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. WebStudy with Quizlet and memorize flashcards containing terms like Received cash of $8,000 from issurance of common stock., Earned video rental revenue on account, $1,800, …

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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 … WebThe 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.

WebFeb 21, 2024 · Example. The Green Company purchased office supplies costing $500 on 1 January 2016. Out of this, supplies costing $150 remained unused on 31 December 2016. Required: In the company's books: Make a journal entry on 1 January 2016, when the office supplies are purchase. Make an adjusting entry on 31 December 2016 to record the … 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 …

WebAccounting 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 … WebJan 27, 2024 · Paid Cash on Account Bookkeeping Explained Debit. The amount is debited to the accounts payable account of the supplier to record the fact that the cash has been paid to them. It will later be allocated to an invoice posted on the account of the supplier. Credit. Cash has been paid by the business and needs to be credited to the asset account ...

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 ...

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. it\u0027s my own businessWebBusiness Accounting Sonya Jared opened a law office on July 1, 2024 On July 31, the balance sheet showed Cash$5.000, Accounts Receivable $1,500, Supplies $500, Equipment $6,00O0, Accounts Payable $4,200, and Owner's Capital $8,800. During August, the following transactions occurred. netbox ownerWebEdward Jones Making Sense of Investing netbox power outletWebTranscribed 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 … netbox on windowsWebIn 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 ... netbox powershellWebApr 1, 2016 · 3. Bought office equipment from B&Co. for Rs. 10000, paid to them Rs.3000 and promised to pay the balance after two months. 4. Rendered services to clients and received cash Rs. 5000 5. Purchase supplies for cash Rs. 400 6. Paid salaries to staff Rs. 5400 7. Bought furniture for Rs. 3200,paid to K&Co. Rs.1200 and promised to pay balance … netbox phone numberWebOffice 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 ... netbox on rhel