Accounting Journal?
For my assignment I be asked to complete a account for the Portand After School Program. I hold completed it, but I know I did something wrong because when I try to do the second piece which is a trial be a foil for it is not matching out right. can some one please backing me correct my mistakes?(a) July 1, 20XX— Received unrestricted donation check contained by the amount of $15,000 from the Multnomah County Department of Health and Human Services.
Debited Cash $15,000
Credited Revenue $15,000
(b) July 19, 20XX—Paid Great Northwest Insurance Company $9,000 for six more
months of fire and liability insurance coverage.
Debited Prepaid Insurance $9,000
Credited Cash $9,000
(c) July 15, 20XX—Paid Portland Arts & Crafts Company $3,000 for new arts and crafts supplies.
Debited Arts & Craft Supplies $3,000
Credited Cash $3,000
(d) July 15, 20XX—Transferred temporarily restricted funds within the amount of $3,000 from investments to earnings for new arts and crafts supplies.
Debited Investments $3,000
Credited Cash $3,000
(e) July 30, 20XX—Paid Oregon Sporting Goods $5,000 for superfluous recreational equipment.
Debited Recreation Equipment $5,000
Credited Cash $5,000
(f) December 31, 20XX—Received fees from parents within the amount of $40,000.
Debited Cash $40,000
Credited Revenue $40,000
(g) December 31, 20XX—To description for $1,750 surrounded by fees from parents earn contained by the first six months of operation, but collected surrounded by the second six months.
Debited Accounts Receivable $1,750
Credited Revenue $1,750
(h) December 31, 20XX—To side for $3,000 surrounded by parent fees earn within the second six months of operation, but not even so collected.
Debited Accounts Receivable $3,000
Credited Revenue $3,000
(i) December 31, 20XX—To details for expenses (John’s Deli) contained by the amount of $1,500 incurred during the first six months of operation, but remunerated contained by the second six months.
Debited Expense $1,500
CreditAccount Payable $1,500
(j) December 31, 20XX—Paid Portland Gas & Electric Company $7,500 for utilities.
Debited Expense $7,500
Credited Cash $7,500
(k) December 31, 20XX—Paid salary and employee-related expenses contained by the amount of $55,000.
Debited Expense $55,000
Credited Cash $55,000
(l) December 31, 20XX—Paid Pacific Bell Telephone Company $750 for handset services.
Debited Expense $750
Credited Cash $750
(m) December 31, 20XX—To expense prepaid insurance surrounded by the amount of $9,000.
Debit Expense $9,000
Credited Prepaid Insurance $9,000
(n) December 31, 20XX—To expense arts and crafts supplies within the amount of $2,000.
Debited Expense $2,000
Credited Arts Craft Supplies $2,000
The ones that I deduce are wrong are g, h, and i. Thanks for your lend a hand!
Answers: (d) July 15, 20XX—Transferred temporarily restricted funds contained by the amount of $3,000 from investments to wage for extramural arts and crafts supplies.
Dr Cash $3,000
Cr Investments $3,000
If you look at (c) of like peas in a pod date, you needed currency of $3k to rate for the arts & crafts. Apparently you didn't own plenty currency and have to verbs from investments to bread, hence the entry above.
(g) December 31, 20XX—To story for $1,750 surrounded by fees from parents earn within the first six months of operation, but collected contained by the second six months.
Debited Cash $1,750
Credited A/cs receivble $1,750
You already earn the revenue surrounded by the 1st six months, when you'd hold debit AR. Now that the parents enjoy compensated, you'd credit AR.
(i) December 31, 20XX—To story for expenses (John’s Deli) surrounded by the amount of $1,500 incurred during the first six months of operation, but rewarded surrounded by the second six months.
Debited AP $1,500
Credit Cash $1,500
You'd hold credited AP within the 1st six months.
The others are correct.
I reason you own a problem near (g) and (i). Both of those items enjoy be collected or salaried so they would not involve a payable vindication or receivable portrayal. They would both involve lolly. You don't mention how much you are stale.
(h) looks correct because that amount have not be collected even so.
Why do coupons sometimes say aloud "lolly efficacy 1/100th of 1 cent" instead of "no currency value"?
Answers: As you may own guessed, they do it because they inevitability to comply beside the law of a few states that consider coupons to be trading stamps. Stores and manufacturer factor surrounded by the cost of promotions such as coupons to the overall cost of the products. When you buy a product, you are paying for the cost of the promotions that they might hold. Since you hold primarily compensated for the coupon contained by one form or another some states require that they own a change convenience. The race who issue coupons responded by giving the coupon a dosh efficacy so low that nobody within their right mind would bother to collect on it. Who is going to filch the time to collect 1,000 coupons lately to trade them surrounded by for a dime? Nobody. Therefore, the coupons comply next to the canon requiring that they submit brass contained by exchange for the coupon, but they build sure that nobody will ever ask them to take-home pay up.
Some legal representative advise that to cover adjectives situations...must be something to do near specific law.
It would be a backache to collect a bunch of them and receive a penny rear.
Some states in truth enjoy law requiring coupons own a monetary appeal. Hence, the manufacturer spawn them worth an extremely small amount so it would not be worth the endeavour to clip and cut the coupons to be redeem strictly for change from the businessman.
How can I purchase and transport a USPS money proclaim from Canada to California?
Where within Toronto can I purchase a USPS money writ for $USD and distribute it carefully to California?Answers: you can single obtain a USPS money lay down from the USPS, so I don't expect you can buy one surrounded by Toronto.
Why won't companies ship to p.o. boxes?
I work for a company and I hold to explain to associates we can't ship to P.O. boxes; I a short time ago don't know why this is. Is it because of Fed-Ex/ USPS regulations, or does it oscillate beside different companies?Thanks!
Answers: There's more of a risk of losing the carton, because they'll own to store it at the post bureau until you come pick it up. Maybe the company basically requests to avoid the liability. As for UPS and FedEx, there's no necessitate to hold them ship to a PO box, which is why they plausible don't do it. Just hold it shipped to work or home, they bring it right to your door.
Rewind, in attendance is LESS risk of a lost box if you ship it to my PO Box instead of my home. (There is a communication story right in a minute of a guy that followed a UPS truck adjectives year, stealing the packages from people's doorways!)
Yes, they can go and get a signature--they purely own me come to the counter and sign for the roll.
The problem is that the dealer may find using UPS/FEDEX/DHL more convenient than USPS and possibly cheaper too. And guess what, if UPS get a bag labeled near a PO Box on it, they will distribute a post card to the receiver and arrange conferral...it a short time ago slows the collection down by a few weeks.
Identity burglary...ethnic group who do "paper" crime will oftenn catch a PO box below a false term to hold produce shipped nearby from handset and internet directives done next to stolen credit card numbers. SO, postal conferral agents, retail businesses and bank who get tired of footing the bill for thieve made it policy to acquire a physical address (residence) that make it easier to prosecute.
How do i verify a orlandi valuta money instruct for authenticity?
Answers: Drop it and see if it bounces.
How long for First-Class Mail Parcel?
to get hold of to florida from texas??Answers: roughly speaking three days, excluding Sundays. four if you're surrounded by far rural texas or sending to far rural florida
How can I sort money doing pretty much nil?
Answers: Prostitution is pretty lucrative, but the "perks" can be a assassin.
Unless you are born rich, the merely opening to return with ahead contained by this world is to work.
Or, win knock up and run on welfare.
Good luck beside that.
hi near, assured method to do it drop by www.makeyourfortune.org.uk brill site explains it. pretty much does what it say on the tin.
What is the up-to-the-minute prices on gold ingots?
can anyone relate me a site which will notify me the prices of shaving gold ingots what they are paying out please urgent thankyouAnswers: where on earth are u mate?
http://goldprice.org/buying-gold/2006/01...
Its roughly lb402 per oz for 24ct pure. So your 9ct 1oz gold ingots fasten is worth going on for lb150. In practice dealer will bestow you in recent times over partly that- more or less lb80. Hang on to your gold ingots stuff if you can.. surrounded by times of recession and shilly-shallying contained by the money market, citizens buy gold ingots, driving prices up. Some estimates predict 20-30% rise over subsequent 6 months!
Does anyone know of a site to print and or recieve by letters cigarette coupons that in reality works?
Answers: I've signed up next to camel.com and marlboro too and I return with coupons from the both of them pretty frequently that definately come contained by handy when the funds are super duper low. Besides getting coupons too, you can carry free stuff sent to you if you redeem them surrounded by the advertisement that they distribute to you. I've already received ashtrays, see *** ciggarette cases, music downloads, and even B-day presents from them~and they're in reality prompt next to them too!! I totally estimate it's worth it. Just G00GLE camelsmokes.com (I deliberate that that's the actual address for the camel site~pretty dang sure), but I'm not too sure in the region of the marloboro sire. But when you do travel to any of them, you're gonna own to embezzle surveys giving information on personal stuff approaching your age, sex, frequency of smoking, what you usually buy brandwise, what's your second pick if your foremost isn't available, etc.. It might seem to be approaching it's alot, but it's really not. All within adjectives you enjoy to surmise of adjectives the money you're gonna hide away and adjectives teh cool free stuff you're gonna go and get! TOTALLY WORTH IT!
I don't know if near is one really. You can secure smokersusa I believe it's call and they dispatch randon coupons from time to time.
What happen if im not at home to sign for USPS Package?
I am expecting a packet somewhere between Friday or Saturday but the creature i bought it from say that the bunch requires signature?I will not be home during the times that the US postal service comes by when they drop bad my post..
I live within a pretty locked support neighborhood, i live within a house near a nice concealed porch. Some associates own said that if it looks protected ample they will basically depart from it nearby, or walk out a facts
which one IS IT?
Or are my singular option are to any cause sure someone is home to adopt it or follow the file to everywhere it points me to receive my bag..?
Answers: You can write a write down giving the distribution company approval to go off the collection. Just variety sure that you specify which company and attach the minute surrounded by the most marked nouns.
they bestow a information and they'll try to deliever it 2 or 3 more times, consequently you own to pick it up at their warehouse. Just try to be home one together daylight or enjoy someone loaf for you cuz its a hassle to hold to budge pick it up.
What does it appropriate to be a successful entreprenuer?
Answers: A flawless impression
A tremendous work ethic (never afford up)
Enough money to spinal column your notion
An excellent business plan
A mentor
Can a Election Commission's issued Voter ID card be used as a valid proof within first guard accounts?
While trying to crack abank statement I encoutered this problem which lead me to ask for answersAnswers: here within our state it be discovered that heaps illegals have voter registration cards at address they did not live at. Anyone can sign up online near false information and hold the voter card sent to any address.
and everyone wonders why elections are disasters...........
Probably not. For starters, abundant voter ID forms do not even own a picture on them.