Business, 07.02.2021 02:10 npaslayoy1bzj

1. The following activity for J. C. Breneman Management Services took place on June 1, 20- Received $3,290 in cash from the owner as an investment (receipt no. 1).
Borrowed $900 cash from Inland Bank for business expenses (memo 1).
Paid cash for supplies, T290 (check no. 1).
Paid cash for insurance, $1,000 (check no. 2).
Paid cash for equipment, $2,100 (memo 2).
Using Exam Figure 1, prepare a chart of accounts for J. C. Breneman Management Services. Then post the journal entries from the general journal to the ledger
accounts.
The Item column of the ledger account for the opening first entry for the ledger accounts should contain the
A. word "Cash"
B. word "Balance"
C. account title
D. words "Opening Entry"

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 11:40

On january 1, 2017, sophie's sunlounge owned 4 tanning beds valued at $20,000. during 2017, sophie's bought 3 new beds at a total cost of $14 comma 000, and at the end of the year the market value of all of sophie's beds was $24 comma 000. what was sophie's net investment

Answers: 3

Answer

Business, 22.06.2019 19:00

What is an equation of the line in slope intercept formm = 4 and the y-intercept is (0,5)y = 4x-5y = -5x +4y = 4x + 5y = 5x +4

Answers: 1

Answer

Business, 23.06.2019 00:40

In 2017, "a public university was awarded a federal reimbursement grant" of $18 million to carry out research. of this, $12 million was intended to cover direct costs and $6 million to cover overhead. in a particular year, the university incurred $4 million in allowable direct costs and received $3.4 million from the federal government. it expected to incur the remaining costs and collect the remaining balance in 2018. for 2017 it should recognize revenues from the grant of

Answers: 3

Answer

Business, 23.06.2019 11:40

An airline estimates that 98% of people booked on their flights actually show up. if the airline books 61 people on a flight for which the maximum number is 59 (the capacity of the plane), what is the probability that the number of people who show up will exceed the capacity of the plane?

Answers: 1

Answer

You know the right answer?

1. The following activity for J. C. Breneman Management Services took place on June 1, 20- Received...

Questions