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Additional exercises Accounting 1) Record the quest transactions (journal entries). a) current capital from professional services rendered $2500 b) Purchased furniture for $1000 qualification a down remuneration of 30% c) Incurred telephone outgo on account $100 d) Paid $400 to creditors 2) The owner, who has superficial knowledge of accounting, hustling the following trial isotropy for Loretta Comp all. It therefore didnt balance. gussy up a right trial balance.

outpouring fit Debit balances realization balances capital50000$ Notes due10000$ Accounts collectible10000$ make65000$ Notes Payable$50000 Accounts Receivable$5000 Capital$70000 ---------------------------------------------- $135000$125000 3) The following trial balance of Hardy Corporation does not balance: Hardy Corporation Trial Balance Debit balancesCredit balances Cash$ 1000 Accounts Receivable$12500 Machinery$7000 Accounts Payable$ 4300 Capital$8100 Professional salary Income$31000 Salary Expense$9000 countercurrent spending$4000 --------------------------------------- $42500$43100 After reviewing the volume account balances, it was found that: 1)Accounts Receivable has total debits of $20000 and total attribute of $6500, 2) Cash paid of $6000 for a machine was not affix to the Machinery account, 3) the balance for professional slant 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 corrected Trial Balance. 4) Record transact ions and prepare general ledgers. ! e) Received $20000 funds from an increase in capital f) Bought equipment of $8000 on account g) Paid activate expense $1000 h) Rendered professional services of $30000, receiving $10000 in change with the balance on account. i) Paid $5000 to creditors j) Sold for...If you want to travel under ones skin a full essay, order it on our website: BestEssayCheap.com

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