1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Cerrena [4.2K]
2 years ago
12

Need help with accounting. ASAP

Business
1 answer:
suter [353]2 years ago
7 0

The Journal entries are as follows

June 1

DR Cash 60,000

CR Capital Stock 60,000

<h3 /><h3>What is Journal Entry?</h3>

Journal entry is the debit and credit of accounts to balance the transactions and its two sided effects. This is the basic of Accounting and so have a great importance.

June 2

DR Aircraft 220000

CR Cash 40000

CR Notes Payable 180000

June 4

DR Rent expense 2500

CR Cash 2500

June 15

DR Accounts Receivable 8320

CR revenue 8320

June 15

DR Salaries Expense 5880

CR Cash 5880

June 18

DR Maintenance Expense 1890

CR Cash 1890

June 25

DR Cash 4910

CR Accounts Receivable 4910

June 30

DR Account Receivable 16450

CR Revenue 16450

June 30

DR Salaries Expense 6000

CR Cash 6000

June 30

DR Fuel Expense 2510

CR Accounts Payable 2510

June 30

DR Dividends 2000

CR Dividends Payable 2000The Journal entries are as follows

Learn more about Journal Entries at  brainly.com/question/26963089

#SPJ1

You might be interested in
I was employed as a certified public accountant (CPA) for a regional accounting firm that specialized in audits of financial ins
almond37 [142]

Answer:

1.) It depends on an individual position and conscience. If I am stuck in such a situation with people of CEO, COO etc stand i'd be worried about not only my job but also about my career. As these kinda instances can dismantle your career and can have a lasting effect.In my case i'd not have volunteered as the CEO,COO have the power to dissappear information and documents. It would be a blind move if i go and volunteer for it and they documents are not found. However, if the situation is different and i am in possession of those copies of cheques then i'd be blunt in sharing the same to concerned authorities. Also if you have the evidence with you ,no position can coerce you into doing anything once you provide it to concerned authorities because then you have the edge.

2.) loans without sufficient collateral, drawing cheques in spouses's names,paying of personal expenses from corporate credits etc.,

These are just allegations ,if none of them are proved in the court or inquiry ,then these are mere allegations. if however,are supported by evidences,these can be a case if unethical practices.

3.) The ethics of a professional Accountant are-

a.) objectivity- Seeing the things as they are with no bias. Assuming everything that you work for as something pure and respect your work in any way possible.

b.) honesty- One who stands honest with his job are poster figures for any department or organisation a person work on or for. It is implied for anyone to be honest to his work.

c.) Professional competence- An employees is supposed to be of professional competence to his work and organisation. He is required to keep.his knowledge update to that level.of oragnisation's requirement.

d.) Confidentiality- is what the Job descripition states. An accountant by profession is not allowed in any way to share the information of his clients or organisation unless law specifies it so.

e.) Professional Behaviour- A professional behaviour. includes reaching the work on time,completion.of duties to the firm , work within the organisation for its betterment etc. It is in the job description in any organisation

4.) FDIC'S OFFICERS should have been more careful and diligent while working on the case. Each and every department concerned to the alleged wrongdoers sould have been checked for evidences which they clearly didnot do. They were not 100% vigilant with their work which is what made the situation awkard for you.

5.) lesson's that can be learnt are- Business are way too practical and decisions have to be made on the merit of the situation. You can follow your gut in business just as you do or can in life. But sometimws all it takes is one moment that gets you in a position where nobody can touch. In this instance if you had those copies of cheques in your possession,no CEO ,or COO can coerce you into doing anything and at that moment it solely depends upon your reading of the situation.

7 0
3 years ago
Cities are municipal corporations that operate under _______ from the state.
Soloha48 [4]
Cities are municipal corporations that operate under C. Charters from the state.
3 0
3 years ago
Read 2 more answers
You plan to deposit $5,200 at the end of each of the next 15 years into an account paying 11.3 percent interest. a. How much wil
scZoUnD [109]

Answer:

Amount after 15 years = 183255.011

Explanation:

Below is the calculation to find the amount after 15 years:

Annuity amount or early deposited amount = $5200

Time period = 15 years

Interest rate = 11.3 %

Now we have to find the amount after 15 years:

Amount after 15 years = Annuity [((1 + r)^n - 1) / r ]

Amount after 15 years = 5200 [((1 + 11.3)^15 - 1) / 11.3% ]

Amount after 15 years = 183255.011

3 0
2 years ago
Which of the following makes a true statement? Concurrent powers are those that are exclusive to the states, such as ratifying a
bearhunter [10]

Answer:

The answer is: Delegated powers are those that are exclusive to national government, like printing money.

Explanation:

Delegated powers are powers given to the federal (national) government and specifically outlined by the US Constitution (Article 1, Section 8). They outline the authority and limits of the three branches of the federal government (legislative, executive and judiciary). Some examples of delegated powers are power to declare war, lay and collect taxes, print and coin money, etc.

5 0
3 years ago
A company is assessing opportunities in the BRIC companies and determines that _________ is one of the youngest populations in t
romanna [79]

Answer:

India is one of the youngest Nation in the world

Explanation:

The countries that fall under the BRICs (Brazil, Russia, India and China), will have large tendency to shape the future of world because these countries are growing with greater GDP growth rates.

India is the one of the youngest nation with having its 27% population living below 27 years. The generation has opted to technological advances which suits most of the companies to move here. The human resource here is available at low cost and the free trade agreement of India with a lot of countries has helped it to equip its resources to maximum which is the reason it has 7.6 GDP growth rate.

There is increased demand for infrastructure development, basic needs provision and many other commodities. So this makes India an attractive market with a well diversified people taste because a lot of civilizations are living and burried here.

5 0
3 years ago
Other questions:
  • Tyler Smithson owns Joe on the Run, a small chain of three cof- fee shops, all of which are facing a challenge that is common to
    15·1 answer
  • What may happen if the threaded heating element in percolator is not very tightly mounted
    14·1 answer
  • Your broker called earlier today and offered you the opportunity to invest in a security. As a friend, she suggested that you co
    9·1 answer
  • American Bank quotes a bid rate of $0.026 and an ask rate of $0.028 for the Indian rupee (INR); National Bank quotes a bid rate
    7·1 answer
  • Pedro is using a blog to promote his Afro-Cuban band. His articles on topics ranging from his influences to the instruments used
    9·1 answer
  • A gifted depreciable business equipment to her brother. how do you report it if brother sells the equipment
    14·1 answer
  • X reported the following unit costs information associated with one of its products A1: Direct materials $110 Direct manufacturi
    6·1 answer
  • Garland Inc. offers a new employee a single-sum signing bonus at the date of employment, June 1, 2018.
    14·1 answer
  • 2<br>Find the odd one out Turnip, Arbi , Potato ​
    7·1 answer
  • look-alike tasteeos sell for far less than the market-leading cheerios brand. which market follower strategy is being employed b
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!