Posted: October 28th, 2022

Short answer | Accounting homework help


Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper


Short Answer

1. In the journal provided, prepare journal entries (in good form) for the following transactions. If no entry is required, write “no entry.” Omit explanations.

Apr. 1 Stuart Franz opened a dry cleaning service, called Same Day Cleaners, by depositing $60,000 into a business bank account.

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

3 Paid two years’ rent in advance, $14,400.

6 Purchased dry cleaning equipment for $40,000. Paid $8,000 in cash, the remainder to be paid in two weeks.

9 Hired a part-time worker, to be paid $300 per week, starting tomorrow.

17 Paid the worker’s weekly wage.

17 Recorded cash received for services performed during the week, $3,000.

20 Paid for the remainder of the equipment purchased on April 6.

21 Received $200 in advance of cleaning and boxing a wedding gown.

23 Performed $500 of dry cleaning services for Asa’s Tuxedo Shop. Payment will be received in three days.

24 Paid the weekly wages.

26 Received payment from Asa’s Tuxedo Shop.

30 Received a telephone bill for $100, which will be paid in two weeks.

short Answer

1. From the following alphabetical list of account balances, all of which are normal, for Kasper Company on July 31, 2010, prepare a trial balance in proper form (the amount of Phil Kasper, Withdrawals must be computed) .

Accounts Payable $500

Accounts Receivable 200

Cash 80

Equipment 700

Phil Kasper, Capital 150

Phil Kasper, Withdrawals ?

Prepaid Advertising  20

Revenue Earned 400

Wages Expense 70

Wages Payable 50

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
error: Content is protected !!
Open chat
Order through WhatsApp!
You Can Now Place your Order through WhatsApp


Order your essay today and save 30% with the discount code DISCOUNTS2022