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Author Question: Given the information in the T-accounts, explain the transaction or event that resulted in each ... (Read 75 times)

RRMR

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on: Jul 5, 2018
Given the information in the T-accounts, explain the transaction or event that resulted in each journal entry (a) through (f) below:
 
  Cash Notes Payable Common Stock
  (a) 50,000
  (b) 30,000
 
  (e) 60,000
 
  40,000 (c)
 
  20,000 (f) 30,000(b) 50,000 (a)
 
   Accounts receivable
  (d) 10,000
  60,000(e)
 
   Computer
  (c)40,000
 
   Service revenue
   100,000(d)
 
   Salary Expense
  (f) 20,000

Question 2

A set of data that describes a single instance of the entity represented by a relation is known as a(n) ___________________ ___________.
 Fill in the blank(s) with correct word


Toya9913

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Entry: Transaction's description:
(a) Issued 50,000 of stock
(b) Borrowed 30,000
(c) Purchased a 40,000 computer
(d) Provided 100,000 of services on account
(e) Collected 60,000 of accounts receivable
(f) Paid 20,000 of salaries

Answer to Question 2

tuple


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RRMR

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Reply #2 on: Jul 5, 2018
Correct answers!


Toya9913

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Reply #3 on: Jul 5, 2018
Great! Please up vote :D


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