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gtnhenbr [62]
4 years ago
9

T. James, owner, invested $20,000 cash in Sustain Company in exchange for common stock. 2 The company purchased $13,000 of furni

ture made from reclaimed wood on credit. 3 The company paid $2,400 cash for a 12-month insurance policy on the reclaimed furniture. 4 The company billed a customer $12,000 in fees earned from preparing a sustainability report. 12 The company paid $13,000 cash toward the payable from the June 2 furniture purchase. 20 The company collected $12,000 cash for fees billed on June 4. 21 T.James invested an additional $19,000 cash in Sustain Company in exchange for common stock. 30 The company received $14,000 cash from a client for sustainability services for the next 3 months. Prepare general journal entries for the above transactions.
Business
1 answer:
MrRa [10]4 years ago
5 0

Answer:

Sustain Company

General Journal

1

Cash $20,000 (debit)

Common Stock $20,000 (credit)

<em>Owner investment in the company</em>

2

Office furniture $13,000 (debit)

Accounts Payable $13,000 (credit)

<em>Wood furniture purchased on credit</em>

3

Prepaid Insurance$2,400 (debit)

Cash $2,400 (credit)

<em>Insurance paid in advance</em>

4.

Accounts Receivable $12,000 (debit)

Service Revenue $12,000 (credit)

<em>Services rendered on credit</em>

12

Accounts Payable $13,000 (debit)

Cash $13,000 (credit)

<em>Payment to suppliers</em>

20

Cash $12,000 (debit)

Accounts Receivables $12,000 (credit)

<em>Cash receipts from customers</em>

21

Cash $12,000 (debit)

Common Stock $12,000 (credit)

<em>Owners invest cash in exchange of common stock</em>

30

Cash $14,000 (debit)

Deferred Revenue $14,000 (credit)

<em>Cash received for services to be rendered</em>

Explanation:

See journals and their narrations prepared above.

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Valentin [98]

Answer:

is the degree to wish people or appreciate one another

Explanation:

5 0
3 years ago
Through effective ______, people can successfully resolve conflicts and create positive change. problem-solving strategies manag
DerKrebs [107]

People can successfully resolve conflicts and create positive change through effective communication.

<h3>What is communication?</h3>

Communication refers to the process of sending across message from the sender to the receiver. It is the act of transfering information from one person to another

Various means of communications are:

  • Fax
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  • Email
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Hence, people can successfully resolve conflicts and create positive change through effective communication.

Learn more about communication here : brainly.com/question/26152499

8 0
2 years ago
The Osgood county refuse department runs two recycling centers. Center 1 costs $40 to run for an eight hour day. In a typical da
Vaselesa [24]

Answer:

Center 1 should be open 7 days a week, and center 2 should be open 6 days a week. Total cost = $580

Explanation:

minimize the following equation 40A + 50B

where:

A = center 1

B = center 2

constraints:

140A + 100B ≥ 1540

60A + 180B ≥ 1440

A ≤ 7

B ≤ 7

A, B ≥ 0

using Solver, the optimal solution is 7A + 6B = 580

4 0
3 years ago
​Stelloh's Berry Farm accepted a bankminusissued credit card in payment of a $ 1 comma 300 sales transaction.​ Stelloh's bank ch
Leya [2.2K]

Answer:

Debit Cash $1,261

Dr card discount expense $39,

Credit Sales Revenue for $1,300

Explanation:

​Stelloh's Berry Farm Journal entries

Debit Cash $1,261

($1,3,00-$39)

Dr card discount expense $39,

(3%×$1,300)

Credit Sales Revenue for $1,300

4 0
3 years ago
Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.
malfutka [58]
If you need to indicate the missing ammount of each letter in the grahp then it will be like follows:
 For the first case:
A = $9,600 + $5,000 + $8,000 = $22,600$22,600 + $1,000 – B = $17,000
B = $22,600 + $1,000 – $17,000 = $6,600$17,000 + C = $20,000
C = $20,000 – $17,000 = $3,000
D = $20,000 – $3,400 = $16,600
<span>E = ($24,500 – $2,500) – $16,600 = $5,400
</span><span>F = $5,400 – $2,500 = $2,900
</span>And now for the second case:
G + $8,000 + $4,000 = $16,000
G = $16,000 – $8,000 – $4,000 = $4,000$16,000 + H – $3,000 = $22,000
H = $22,000 + $3,000 – $16,000 = $9,000(I – $1,400) – K = $7,000(I – $1,400) – $22,800 = $7,000
<span>I = $1,400 + $22,800 + $7,000 = $31,200
</span>J = $22,000 + $3,300 = $25,300
K = $25,300 – $2,500 = $22,800$7,000 – L = $5,000
<span>L = $2,000</span>
8 0
3 years ago
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