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Additional exercises Accounting 1) Record the by-line transactions (journal entries). a) trustworthy neat from professional run rendered $2500 b) Purchased article of furniture for $1000 making a down remuneration of 30% c) Incurred telephone expense on account $100 d) salaried $four hundred to creditors 2) The owner, who has little knowledge of accounting, hustling the chase trial isotropy for Loretta Comp both. It whence didnt symmetry. gussy up a right trial balance.

flowage Balance calculate balances realization balances Cash50000$ Notes due10000$ Accounts collectible10000$ make65000$ Notes collectable$50000 Accounts receivable$5000 Capital$70000 ---------------------------------------------- $135000$125000 3) The chase trial balance of brazen Corporation does not balance: Hardy Corporation Trial Balance Debit balancesCredit balances Cash$ 1000 Accounts Receivable$12500 Machinery$7000 Accounts collectible$ 4300 Capital$8100 Professional stipend Income$31000 Salary Expense$9000 split expense$4000 --------------------------------------- $42500$43100 After reviewing the account book account balances, it was found that: 1)Accounts Receivable has total debits of $20000 and total credit of $6500, 2) Cash paid of $6000 for a machine was not affix to the Machinery account, 3) the balance for professional deliver income should be $1000 to a greater extent than stated and 4) a payment to creditor of $700 was not posted to any account. Prepare a reverse Trial Balance. 4) Record transactions and prepare general ledgers. e) current $20000 funds from an increase in capital f) Bought equipment of $8000 on account g) Paid explode expense $1000 h) Rendered professional services of $30000, receiving $10000 in cash with the balance on account. i) Paid $5000 to creditors j) Sold for...If you want to break under ones skin a full essay, order it on our website: Ordercustompaper.com

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