findnoob573

findnoob573

Lv10

findnoob573

5 Followers
0 Following
10 Helped
tutor

ANSWERS

Published330

Subjects

Project Management1History21Law4Management4Music1English25Philosophy1Anthropology1Astronomy1Business14Science7Sociology6Geography1Psychology2Ethics2Algebra26Engineering1Probability4Computer Science13Accounting30Calculus24Biology12Mathematics19Statistics1Physics8Finance5Economics16Chemistry80
The energy required to dissociate one molecule of HI is equal to its bond ener...
a) To dissociate a molecule of HI, the energy provided by the photon must be e...
Sunny
a) Using Table 9.2, we can find the bond energy for the H-I bond to be 295 kJ/...
To solve this problem, we need to use the following equation: E = hc/λ - D whe...
To calculate the excess energy (E) of a photon with a wavelength of 243 nm, we...
(a) According to Table 9.2, the bond energy of the H-I bond is 295 kJ/mol. To ...
(a) The longest wavelength that can dissociate a molecule of HI can be calcula...
To calculate the speed of the H atom, we can use the excess energy of the phot...
The catalytic reduction of hydrogen cyanide to form an amine can be represente...
To calculate the enthalpy of reaction using bond energies, you need to follow ...
The sequence of letters represents the functional groups of organic compounds....

Exceptional Electronics began operations September 1, 2019. The firm sells its merchandise for cash and on open account. Sales are subject to a 7 percent sales tax. During September, Exceptional Electronics engaged in the following transactions:

DATE TRANSACTIONS
2019
Sept. 1 Sold a high-definition television set on credit to Candy Cho; issued Sales Slip 101 for $2,200 plus sales tax of $154.
3 Sold stereo equipment on credit to Jim Peterson; issued Sales Slip 102 for $800 plus sales tax of $56.
7 Sold a microwave oven on credit to Bridgette Huffman; issued Sales Slip 103 for $400 plus sales tax of $28.
12 Accepted return of defective stereo equipment from Jim Peterson; issued Credit Memorandum 101 for $100 plus sales tax of $7. The stereo equipment was sold on September 3.
15 Recorded cash sales for the period from September 1 to September 15 of $10,600 plus sales tax of $742.
16 Sold a gas dryer on credit to Kathy Sundstrand; issued Sales Slip 104 for $700 plus sales tax of $49.
17 Sold a home entertainment system on credit to Mark Navalta; issued Sales Slip 105 for $2,200 plus sales tax of $154.
18 Received $680 from Candy Cho on account.
20 Received payment in full from Jim Peterson for the sale of September 3, less the return of September 12.
25 Gave Mark Navalta an allowance because of scratches on his home entertainment system sold on September 17, Sales Slip 105; issued Credit Memorandum 102 for $300 plus sales tax of $21.
27 Received payment in full from Bridgette Huffman for the sale of September 7.
29 Sold a dishwasher on credit to Mark Navalta; issued Sales Slip 106 for $500 plus sales tax of $35.
30 Recorded cash sales for the period from September 16 to September 30 of $10,900 plus sales tax of $763.



Required:
Record the transactions in a general journal.

Analyze:
What portion of the sales during September were for entertainment items? Assume the cash sales transactions are for non-entertainment items. (Hint: Do not forget to reduce sales by any sales returns or allowances.)

Here is the general journal for the transactions of Exceptional Electronics fo...

Exceptional Electronics began operations September 1, 2019. Thefirm sells its merchandise for cash and on open account. Sales aresubject to a 7 percent sales tax. During September, ExceptionalElectronics engaged in the following transactions:

DATE TRANSACTIONS
2019
Sept. 1 Sold a high-definitiontelevision set on credit to Candy Cho; issued Sales Slip 101 for$2,700 plus sales tax of $189.
3 Sold stereo equipment on creditto Jim Peterson; issued Sales Slip 102 for $900 plus sales tax of$63.
7 Sold a microwave oven on creditto Bridgette Huffman; issued Sales Slip 103 for $300 plus sales taxof $21.
12 Accepted return of defectivestereo equipment from Jim Peterson; issued Credit Memorandum 101for $100 plus sales tax of $7. The stereo equipment was sold onSeptember 3.
15 Recorded cash sales for theperiod from September 1 to September 15 of $9,500 plus sales tax of$665.
16 Sold a gas dryer on credit toKathy Sundstrand; issued Sales Slip 104 for $600 plus sales tax of$42.
17 Sold a home entertainment systemon credit to Mark Navalta; issued Sales Slip 105 for $1,700 plussales tax of $119.
18 Received $730 from Candy Cho onaccount.
20 Received payment in full fromJim Peterson for the sale of September 3, less the return ofSeptember 12.
25 Gave Mark Navalta an allowancebecause of scratches on his home entertainment system sold onSeptember 17, Sales Slip 105; issued Credit Memorandum 102 for $200plus sales tax of $14.
27 Received payment in full fromBridgette Huffman for the sale of September 7.
29 Sold a dishwasher on credit toMark Navalta; issued Sales Slip 106 for $400 plus sales tax of$28.
30 Recorded cash sales for theperiod from September 16 to September 30 of $11,400 plus sales taxof $798.



Required:
Record the transactions in a general journal.

Analyze:
What portion of the sales during September were for entertainmentitems? Assume the cash sales transactions are for non-entertainmentitems. (Hint: Do not forget to reduce sales by any sales returns orallowances.)

Sold a high-definition television set on credit to Candy Cho;issued Sales Slip 101 for $2,700 plus sales tax of $189.

Note: Enter debits before credits.

Date General Journal Debit Credit
Sept 01,2019

Sold stereo equipment on credit to Jim Peterson; issued SalesSlip 102 for $900 plus sales tax of $63.

Note: Enter debits before credits.

Date General Journal Debit Credit
Sept 03,2019

Sold a microwave oven on credit to Bridgette Huffman; issuedSales Slip 103 for $300 plus sales tax of $21.

Note: Enter debits before credits.

Date General Journal Debit Credit
Sept 07,2019

Accepted return of defective stereo equipment from Jim Peterson;issued Credit Memorandum 101 for $100 plus sales tax of $7. Thestereo equipment was sold on September 3.

Note: Enter debits before credits.

Date General Journal Debit Credit
Sept 12,2019

Recorded cash sales for the period from September 1 to September15 of $9,500 plus sales tax of $665.

Note: Enter debits before credits.

Date General Journal Debit Credit
Sept 15,2019

Sold a gas dryer on credit to Kathy Sundstrand; issued SalesSlip 104 for $600 plus sales tax of $42.

Note: Enter debits before credits.

Date General Journal Debit Credit
Sept 16,2019

Sold a home entertainment system on credit to Mark Navalta;issued Sales Slip 105 for $1,700 plus sales tax of $119.

Note: Enter debits before credits.

Date General Journal Debit Credit
Sept 17,2019

Received $730 from Candy Cho on account.

Note: Enter debits before credits.

Date General Journal Debit Credit
Sept 18,2019

Received payment in full from Jim Peterson for the sale ofSeptember 3, less the return of September 12.

Note: Enter debits before credits.

Date General Journal Debit Credit
Sept 20,2019

Gave Mark Navalta an allowance because of scratches on his homeentertainment system sold on September 17, Sales Slip 105; issuedCredit Memorandum 102 for $200 plus sales tax of $14.

Note: Enter debits before credits.

Date General Journal Debit Credit
Sept 25,2019

Received payment in full from Bridgette Huffman for the sale ofSeptember 7.

Note: Enter debits before credits.

Date General Journal Debit Credit
Sept 27,2019

Sold a dishwasher on credit to Mark Navalta; issued Sales Slip106 for $400 plus sales tax of $28.

Note: Enter debits before credits.

Date General Journal Debit Credit
Sept 29,2019

Recorded cash sales for the period from September 16 toSeptember 30 of $11,400 plus sales tax of $798.

Note: Enter debits before credits.

Date General Journal Debit Credit
Sept 30,2019
Here is the journal entry for each transaction: Sept 1: Accounts Receivable $2...

Geoff and Sandy Harland own and operate Wayward Kennel and PetSupply. Their motto is, “If your pet is not becoming to you, heshould be coming to us.” The Harlands maintain a sales tax payableaccount throughout the month to account for the 6% sales tax. Theyuse a general journal, general ledger, and accounts receivableledger. The following sales and cash collections took place duringthe month of September:

September Transactions:
Sept. 2 Sold a fish aquarium on account to Ken Shank, $125 plus tax of$7.50, terms n/30. Sale No. 101.
3 Sold dog food on account to Nancy Truelove, $68.25 plus tax of$4.10, terms n/30. Sale No. 102.
5 Sold a bird cage on account to Jean Warkentin, $43.95 plus taxof $2.64, terms n/30. Sale No. 103.
8 Cash sales for the week were $2,332.45 plus tax of$139.95.
10 Received cash for boarding and grooming services, $625 plus taxof $37.50.
11 Jean Warkentin stopped by the store to point out a minor defectin the bird cage purchased in Sale No. 103. The Harlands offered asales allowance of $10 plus tax on the price of the cage whichsatisfied Warkentin.
12 Sold a cockatoo on account to Tully Shaw, $1,200 plus tax of$72, terms n/30. Sale No. 104.
14 Received cash on account from Rosa Alanso, $256.
15 Rosa Alanso returned merchandise, $93.28 including tax of$5.28.
15 Cash sales for the week were $2,656.85 plus tax of$159.41.
16 Received cash on account from Nancy Truelove, $58.25.
18 Received cash for boarding and grooming services, $535 plus taxof $32.10.
19 Received cash on account from Ed Cochran, $63.25.
20 Sold pet supplies on account to Susan Hays, $83.33 plus tax of$5, terms n/30. Sale No. 105.
21 Sold three Labrador Retriever puppies to All American Day Camp,$375 plus tax of $22.50, terms n/30. Sale No. 106.
22 Cash sales for the week were $3,122.45 plus tax of$187.35.
23 Received cash for boarding and grooming services, $515 plus taxof $30.90.
25 Received cash on account from Ken Shank, $132.50.
26 Received cash on account from Nancy Truelove, $72.35.
27 Received cash on account from Joe Gloy, $273.25.
28 Borrowed cash to purchase a pet limousine, $11,000.
29 Cash sales for the week were $2,835.45 plus tax of$170.13.
30 Received cash for boarding and grooming services, $488 plus taxof $29.28.

Wayward had the following general ledger account balances as ofSeptember 1:

Beginning customer account balances were:

Account

General Ledger

Account Title

No.

Balance on Sept. 1

Cash 101 $23,500.25
Accounts Receivable 122 850.75
Notes Payable 201 2,500.00
Sales Tax Payable 231 909.90
Sales 401 13,050.48
Sales Returns and Allowances 401.1 86.00
Boarding and Grooming Revenue 402 2,115.00

Wayward also had the following accounts receivable ledgerbalances as of September 1:

Accounts Receivable

Customer

Balance

Rosa Alanso $456.00
Ed Cochran 63.25
Joe Gloy 273.25
Nancy Truelove 58.25

New customers opening accounts during September were asfollows:

All American Day Camp Tully Shaw
Susan Hays Jean Warkentin
Ken Shank

Required:

1. Enter the transactions for the month of September in a generaljournal. (Begin with page 7.)
2. Post the entries to the general and subsidiary ledgers.
3. Prepare a schedule of accounts receivable.
4. Compute the net sales for the month of September
General Journal: Sept. 2 Accounts Receivable 132.50 Sales 125.00 Sales Tax Pay...

Entertainment Inc. is a retail store that rents movies and sells music CDs over the Internet. The firm’s cash receipts for February and the general ledger accounts used to record these transactions are shown below.

GENERAL LEDGER ACCOUNTS

101 Cash $ 5,060 Dr. 401 Sales
109 Notes Receivable 900 Dr. 491 Interest Income
111 Accounts Receivable 4,125 Dr. 620 Cash Short or Over
129 Supplies 710 Dr.
231 Sales Tax Payable 345 Cr.
301 Jason Wilson, Capital 35,000 Cr.
DATE TRANSACTIONS
Feb. 3 Received $600 from Danielle Pelzel, a credit customer, on account.
5 Received a cash refund of $130 for damaged supplies.
7 Had cash sales of $5,800 plus sales tax of $464 during the first week of February; there was a cash shortage of $70.
9 Jason Wilson, the owner, invested an additional $16,000 cash in the business.
12 Received $480 from Kyela Jones, a credit customer, in payment of her account.
14 Had cash sales of $4,550 plus sales tax of $364 during the second week of February; there was an overage of $38.
16 Received $550 from Sadie Nelson, a credit customer, to apply toward her account.
19 Received a check from Ketura Pittman to pay her $900 promissory note plus interest of $36.
21 Had cash sales of $5,050 plus sales tax of $404 during the third week of February.
25 Alfred Herron, a credit customer, sent a check for $680 to pay the balance he owes.
28 Had cash sales of $5,100 plus sales tax of $408 during the fourth week of February; there was a cash shortage of $46.


Required:

Open the general ledger accounts and enter the balances as of February 1, 2019.

Record the transactions in a cash receipts journal.

Post the individual entries from the Other Accounts Credit section of the cash receipts journal to the proper general ledger accounts.

Total, prove, and rule the cash receipts journal as of February 28, 2019.

Post the column totals from the cash receipts journal to the proper general ledger accounts.

Analyze:
What total accounts receivable were collected in February?

To determine the total accounts receivable collected in February, we need to r...

Entertainment Inc. is a retail store that rents movies and sells music CDs over the Internet. The firm’s cash receipts for February and the general ledger accounts used to record these transactions are shown below.

GENERAL LEDGER ACCOUNTS

101 Cash $ 5,060 Dr. 401 Sales
109 Notes Receivable 900 Dr. 491 Interest Income
111 Accounts Receivable 4,125 Dr. 620 Cash Short or Over
129 Supplies 710 Dr.
231 Sales Tax Payable 345 Cr.
301 Jason Wilson, Capital 35,000 Cr.
DATE TRANSACTIONS
Feb. 3 Received $600 from Danielle Pelzel, a credit customer, on account.
5 Received a cash refund of $130 for damaged supplies.
7 Had cash sales of $5,800 plus sales tax of $464 during the first week of February; there was a cash shortage of $70.
9 Jason Wilson, the owner, invested an additional $16,000 cash in the business.
12 Received $480 from Kyela Jones, a credit customer, in payment of her account.
14 Had cash sales of $4,550 plus sales tax of $364 during the second week of February; there was an overage of $38.
16 Received $550 from Sadie Nelson, a credit customer, to apply toward her account.
19 Received a check from Ketura Pittman to pay her $900 promissory note plus interest of $36.
21 Had cash sales of $5,050 plus sales tax of $404 during the third week of February.
25 Alfred Herron, a credit customer, sent a check for $680 to pay the balance he owes.
28 Had cash sales of $5,100 plus sales tax of $408 during the fourth week of February; there was a cash shortage of $46.


Required:

Open the general ledger accounts and enter the balances as of February 1, 2019.

Record the transactions in a cash receipts journal.

Post the individual entries from the Other Accounts Credit section of the cash receipts journal to the proper general ledger accounts.

Total, prove, and rule the cash receipts journal as of February 28, 2019.

Post the column totals from the cash receipts journal to the proper general ledger accounts.

Analyze:
What total accounts receivable were collected in February?

Post the opening balances and transactions into the appropriate ledger accounts.

General Ledgers

Cash Receipts

Analyze

Opening Balances as of February 1, 2019: 101 Cash Dr. $5,060 111 Accounts Rece...
Certain topics and themes stay relevant across time periods because they addre...
The correct entry in Carion's general ledger is option A: Dr Sales K1,799, Dr ...
to lose relevance and appeal.
The graph of the standard normal distribution with mean 0 and standard deviati...
To find the operating leverage, we need to use the following formula: Operatin...
First, let's calculate the molality of the solution: Molar mass of glucose (C6...
First, we need to calculate the molality of the glucose solution using the fre...
Assuming complete dissociation of NaCl into Na+ and Cl- ions, we can calculate...
First, we need to calculate the molality of the solution using the formula: mo...
To solve for the freezing point depression of the solution, we can use the for...
The molar mass of glucose (C6H12O6) is 180.16 g/mol. a. 90g glucose per 500mL ...
First, we need to convert the volume of the solution from milliliters to liter...
First, we need to calculate the moles of glucose present in the solution: Mola...
First, we need to convert the given mass of glucose from grams to moles: Molar...
First, we need to convert the given mass of glucose to moles: Molar mass of gl...
First, we need to convert the volume of water from milliliters (mL) to grams (...
First, we need to convert the volume of water from mL to L: 2.00 x 10^3 mL = 2...
To solve this problem, we need to use the following formulas: Mass percent = (...
To calculate the molarity of a solution, you need to know the moles of solute ...
First, let's calculate the moles of NH3: moles of NH3 = mass of NH3 / molar ma...
To calculate the mole fraction of NH3 in the solution, we need to first calcul...
I'm sorry, but I cannot understand the question. It appears to be a mix of sev...
First, we need to calculate the moles of NH3 and water in the solution: moles ...

Weekly leaderboard

Start filling in the gaps now
Log in