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
wel
2 years ago
15

Halogen Laminated Products Company began business on January 1, 2021. During January, the following transactions occurred:

Business
1 answer:
Diano4ka-milaya [45]2 years ago
5 0

Answer:

1. General journal entries to record each transaction.

Jan. 1                         Dr.             Cr

Cash                      $103,000

Common Stock                      $103,000

Jan. 2                         Dr.             Cr

Inventory              $38,000

Account Payable                   $38,000

Jan. 4                           Dr.             Cr

Prepaid Insurance  $2,760

Cash                                           $2,760

Jan. 10                            Dr.             Cr

Account Receivable  $12,300

Sale                                             $12,300

Cost of Goods Sold   $7,300

Inventory                                     $7,300

Jan. 15                            Dr.             Cr

Cash                          $33,000

Note Payable                               $33,000

Jan. 20                            Dr.             Cr

Salary Expense         $33,000

Cash                                              $33,000

Jan. 22                            Dr.             Cr

Cash                           $10,300

Sale                                             $10,300

Cost of Goods Sold   $6,300

Inventory                                     $6,300

Jan. 24                            Dr.             Cr

Account Payable       $15,300

Cash                                              $15,300

Jan. 26                           Dr.             Cr

Cash                          $6,150

Account Receivable                     $6,150

Jan. 28                            Dr.             Cr

Utility Expense          $1,000

Cash                                              $1,000

Jan. 30                            Dr.             Cr

Rent Expense              $2,150

Prepaid Rent               $2,150

Cash                                              $4,300

2.

MS Excel File is attached for T accounts Posting in Worksheet Named as " T Account". Please Find that.

3.

MS Excel File is attached for unadjusted trial balance in Worksheet Named as " Trial Balance". Please Find that.

Download xlsx
You might be interested in
Which type of financial institution is owned by its depositors and borrowers?
fredd [130]
"credit unions" are owned by the people who deposit and are loaned money
3 0
3 years ago
project x has an initial cost of $20,000 and a cash inflow of $25,000 in year 3. project y costs $40,700 and has cash flows of $
Helen [10]

Project X has a $20,000 start-up cost and a $25,000 cash inflow in year 3. Project Y has a $40,700 cost and generates cash flows of $12,000, $25,000, and $10,000 over the course of its first three years. The projects are mutually exclusive, and the discount rate is 6%. You should approve the project in the end based on the irrs and npv of each individual project as well as your own assessment of those factors. X;Y:Y.

Start-up costs are the costs a business spent or incurred to establish an active trade or business, or to research establishing or acquiring an active trade or business. Start-up costs are sums paid or expended in connection with a current profitable activity that is intended to generate money prior to the activity becoming a fully operational trade or business. Equipment, incorporation fees, insurance, wages, and taxes are just a few of the startup costs. Although startup costs will differ depending on your business's industry and type, an expense for one firm might not be applicable to another. It helps you effectively launch your firm and maintain profitability after your doors are open to understand your expenses and how you will manage them.

Learn more about startup costs here

brainly.com/question/10168576

#SPJ4

3 0
1 year ago
Justice enterprises has current assets of $593 million and current liabilities of $316 million. what is their current ratio?
Inessa [10]
To solve this problem, first, we must know the formula to get the current ratio. 
                           Currents Assets
Current Ratio=  -------------------------
                           Current Liabilities

So in this problem the current assets and current liabilities are given which are the following:
   CA= $593,000,000
   CL= $316,000,000

Let's now solve  $593,000,000 / $316,000,000 = 1.88 

4 0
2 years ago
A sample of gas occupies 575 ml at 1.50 atm and 125 degrees celsius. if temperature is changed to 20 degrees celsius and volume
Anastaziya [24]

A sample of gas occupies 575 ml at 1.50 atm and 125 degrees Celsius. If the temperature is changed to 20 degrees Celsius and the volume is changed to 0.300 L. The will be a new pressure at 2.12 atm.

Temperature is the measure of hotness or coldness expressed in phrases of any of numerous scales, including Fahrenheit and Celsius. Temperature shows the route wherein heat energy will spontaneously waft—i.e., from a hotter frame (one at a higher temperature) to a less warm body (one at a decreased temperature).

The common body temperature is ninety-eight.6 F (37 C). however normal frame temperature can vary between ninety-seven F (36.1 C) and 99 F (37.2 C) or more. Your frame temperature can range depending on how active you are or the time of day.

The heat of an item is the entire strength of all of the molecular motion interior of that item. Temperature is the degree of the thermal energy or average warmth of the molecules in a substance. SI Unit

V₁ = 0.575L

P₁ =1. So atm.

T₁ =125 + 273=398 k

√2 =0.300 L

P₂ =?

T₂ = 20 +273= 293K

P1XV 1=T2

1.50 X 0.575 lit=398 K

P2 x 0.300 lit =293K

1-50 atm x 293KX 0.575 lit

0. 300 lit X 396 K

P₂ =2.1165 atm

Learn more about temperature  here brainly.com/question/24746268

#SPJ4

8 0
2 years ago
Which of the following is NOT one of the biggest B2C catalogers? a. The Limited b. Sears c. Williams-Sonoma d. JCPenney
Anna71 [15]

Answer:

The correct option is;

a. The Limited

Explanation:

Business-to-Consumers or B2C is the means by which  company products and services are sold directly to the end-users or consumers. B2C companies are those that deal directly with the end users

Sears, has over 400 outlets, Williams-Sonoma,  is a publicly listed company that deals on home furniture and kitchen ware products   and J. C. Penny is also a listed department store chain having 840 locations o outlets.

8 0
3 years ago
Other questions:
  • What would it signify if the population of a country remained the same while the real GDP increased? A) the economy is in declin
    5·2 answers
  • hich of the following statements is true? The denominator used in computing earnings per share represents the shares of common s
    9·1 answer
  • International Data Systems' information on revenue and costs is relevant only up to a sales volume of 115,000 units. After 115,0
    8·1 answer
  • UPS, a delivery services company, has a beta of 1.6, and Wal-Mart has a beta of 0.9. The risk-free rate of interest is 6% and th
    6·1 answer
  • America First Electronics Inc. (AFE) is preparing to launch a set of new-to-the-world medical devices that are based on the same
    7·1 answer
  • A piece of medical equipment costs $350,000, has a useful life of 10 years and a salvage value of 10 percent of the original pur
    6·1 answer
  • Marigold Lake Corporation’s accounting records show the following at year-end December 31, 2017:
    7·1 answer
  • at the end of your car lease period, you intend to turn in the car, and you will not pay extra at that time based on the residua
    11·1 answer
  • Responses such as winning, displaying anger, and retaliating are considered _____ responses to conflict.
    9·1 answer
  • Judd works in the warehouse at home depot. Which would be an external equity pay comparison?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!