Questions from College Accounting

Q: Balder Co. paid $200 to Pedro Co. and received

Balder Co. paid $200 to Pedro Co. and received a $20 purchases discount. Journalize the entry.

Q: Given the following, journalize the adjusting entries for Merchandise Inventory.

Given the following, journalize the adjusting entries for Merchandise Inventory. Note that ending inventory has a balance of $13,000.

Q: a. Given the following, journalize the adjusting entry. By

a. Given the following, journalize the adjusting entry. By December 31, $200 of the unearned dog walking fees were earned. b. What is the category of unearned dog walking fees?

Q: Match the following: 1. Located on the Income Statement

Match the following: 1. Located on the Income Statement debit column of the worksheet. 2. Located on the Income Statement credit column of the worksheet. 3. Located on the Balance Sheet debit column o...

Q: Rearrange the following titles in the order they would appear on a

Rearrange the following titles in the order they would appear on a trial balance: B. O’Mally, Withdrawals ……………………………. Hair Salon Fees Earned Accounts Receivable ………………………..……………………. Selling Expense...

Q: Given beginning merchandise inventory of $2,100 and ending merchandise

Given beginning merchandise inventory of $2,100 and ending merchandise inventory of $50, what would be the adjusting entries?

Q: Given a figure of beginning inventory of $390 and an $

Given a figure of beginning inventory of $390 and an $850 figure for ending inventory, place these numbers on the Income Summary line of this partial worksheet.

Q: From the following, calculate net sales: /

From the following, calculate net sales:

Q: Calculate Cost of Goods Sold: /

Calculate Cost of Goods Sold:

Q: From the following information, calculate: a. Gross profit

From the following information, calculate: a. Gross profit b. Net income or net loss Purchases, $98; Gross Sales, $180; Sales Returns and Allowances, $17; Sales Discounts, $23; Operating Expenses, $46...