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kvasek [131]
2 years ago
8

A type of checking and savings account issued by bank or credit union?​

Business
1 answer:
Natalka [10]2 years ago
3 0

Answer:

Credit Union.

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Halogen Laminated Products Company began business on January 1, 2021. During January, the following transactions occurred:
Diano4ka-milaya [45]

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
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2 years ago
Many people are familiar with swot analysis—analyzing strengths, weaknesses, opportunities, and threats—which is used to aid in
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Depression and feel hopeless
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2 years ago
A company's income statement showed the following: net income, $136,000 and depreciation expense, $33,600. An examination of the
elixir [45]
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6 0
2 years ago
Western Company is preparing a cash budget for June. The company has $12,000 cash at the beginning of June and anticipates $30,0
topjm [15]

Answer:

$2,500

Explanation:

Opening balance                             $12,000

Cash receipts                                   $30,000

Cash disbursement                        ($34,500)

Closing balance                                $7,500

Minimum cash balance                    $10,000

Borrowing amount(1$0,000-$7,500)     $2,500

To maintain $10,000 cash balance western company need to borrow $2,500($10,000-$7500)

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3 years ago
Bart orders 20,000 class a widgets from salvatore. salvatore promptly ships to bart 20,000 class b widgets instead. under the uc
nasty-shy [4]
<span>the Salvatore has n number of class a widgets and n number of class b widgets.Since the Salvatore ships class b widgets to bart ,Bart has 0 class a widgets and 20,000 class b widgets.</span>
5 0
3 years ago
Read 2 more answers
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