Questions from College Accounting

Q: On March 1 of this year, B. Gervais established Gervais

On March 1 of this year, B. Gervais established Gervais Catering Service. The account headings are presented below. Transactions completed during the month follow.a. Gervais deposited $25,000 in a ban...

Q: In April, J. Rodriguez established an apartment rental service. The

In April, J. Rodriguez established an apartment rental service. The account headings are presented below. Transactions completed during the month of April follow.a. Rodriguez deposited $70,000 in a ba...

Q: In July of this year, M. Wallace established a business

In July of this year, M. Wallace established a business called Wallace Realty. The account headings are presented below. Transactions completed during the month follow.a. Wallace deposited $24,000 in...

Q: In March, K. Haas, M.D., established the Haas Sports Injury

In March, K. Haas, M.D., established the Haas Sports Injury Clinic. The clinic’s account headings are presented below. Transactions completed during the month of March follow.a. Haas...

Q: P. Schwartz, Attorney at Law, opened his office on October

P. Schwartz, Attorney at Law, opened his office on October 1. The account headings are presented below. Transactions completed during the month follow.a. Schwartz deposited $25,000 in a bank account i...

Q: In March, T. Carter established Carter Delivery Service. The account

In March, T. Carter established Carter Delivery Service. The account headings are presented below. Transactions completed during the month of March follow.a. Carter deposited $25,000 in a bank account...

Q: The chart of accounts of the Barnes School is shown

The chart of accounts of the Barnes School is shown here, followed by the transactions that took place during October of this year.Assets111 Cash113 Accounts Receivable115 Prepaid Insurance124 Equipme...

Q: D. Johnston, a physical therapist, opened Johnston’s Clinic. His accountant

D. Johnston, a physical therapist, opened Johnston’s Clinic. His accountant provided the following chart of accounts:The following transactions occurred during July of this year:a. J...

Q: On July 1, K. Resser opened Resser’s Business Services. Resser’s

On July 1, K. Resser opened Resser’s Business Services. Resser’s accountant listed the following chart of accounts:CashSuppliesPrepaid InsuranceEquipmentFurniture and FixturesAccounts PayableK. Resser...

Q: B. Kelso established Computer Wizards during November of this year.

B. Kelso established Computer Wizards during November of this year. The accountant prepared the following chart of accounts:The following transactions occurred during the month:a. Kelso deposited $45,...