B. Write the account totals from the right side of the equals sign and add them. Provide services to customers on account for $42.000 b. No. \hline \text { D: } 50 \text { up to } 70 & 135 \\ F. Received $290 from customers as deposits for future services. Also indicate the specific item within the accounting equation element that is affected. ACCT. Money earned on the average daily balance of the checking account. Your question is solved by a Subject Matter Expert. help?!? (b) Purchase equipment by signing a note with the bank for $10,600. Provide services to customers on account for $44,000 b. Provide services to customers on account for $50,000. Provide services to customers on account for $50,000. Lawson Consulting, which began, A:Total expenses = Rent expense + Wages expense (Decreases to account classifications should be entered as a Brief Exercise 2-4 Analyze the impact of transactions on the accounting equation (LO2-2) The following transactions occur for Badger Biking Company during the month of June: a. i. (b) decrease 3. Paid cash for a newspaper advertisement, 225. Gross earnings Paid electricity bill for May, 810. d. Pay utilities of $3,500 for the current month. Receive cash of $41,000 from customers in (a) above. A minimum 30-foot-wide legal easement and a 20-foot-wide traveled way built to fire code standards, with an unobstructed width of 20-feet and a surface to provide all weather driving capabilities from the property to a public right of way must be provided for the construction of any primary structure. (Optional) Enter the unadjusted trial balance on an end-of-period spreadsheet and complete the spreadsheet. C. Pay $5,200 in salaries to employees for work performed during the month. Aviation's year-end is December 31. No. Journals: Provide services to customers on account for $46,000. Chicken bones, fruit rinds, coffee grounds and more can go right down the drain and into the garbage disposal, where they're virtually liquefied to safely flow into your sewage system or septic tank. when you wont need the money for a long time. The following transactions occur for Badger Biking Company during the month of June: a. Features. b. a. 504. j. Nos. In March, T. Carter established Carter Delivery Service. Total the left side of the accounting equation (left side of the equal sign), then total the right side of the accounting equation (right side of the equal sign). Receive cash of $42,000 from customers in (a) above. (Select all that apply.) c. Purchase bike equipment by signing a note with the bank for $18,000 d. Pay utilities of $3,300 for the current month. Accounts containing only a single entry do not need a balance. Record the transactions and the balance after each transaction. Purchase bike equipment by signing a note with the bank for $27,000. \hline Transcribed Image Text: Bradenton Biking Company sells high performance road and mountain bikes. Book Analyze each transaction and indicate the amount of increases and decreases in the accounting equation. and frequency of matter waves. Provide services to customers on account for $50,000. Total the left side of the accounting equation (left side of the equal sign), then total the right side of the accounting equation (right side of the equal sign). Required 1. Prepaid taxes will be reversed within one year but can resu. Assets = Liabilities + Stockholders' Equity Transaction (a) (b) increase (b) decrease (c) (d), Solution: Transaction Assets Liabilities + Stockholders' Equity $ 46,000 + b) Increase b) decrease $ $ $ $ $ 46,000 = 38,000 -38,000 = 31,000 = -4,600 = $ 31,000+ $ -4,600. Received a bill for gas and oil for the truck. Purchased supplies on account, 4,000. c. Paid creditors on account, 2,300. d. Received cash from fees earned on insurance commissions, 13,800. e. Paid rent on office and equipment for the month, 5,000. f. Paid automobile expenses for the month, 1,150, and miscellaneous expenses, 300. g. Paid office salaries, 2,500. h. Determined that the cost of supplies on hand was 2,700; therefore, the cost of supplies used was 1,300. i. Enter the email address you signed up with and we'll email you a reset link. help?!? (C) Depreciation of office equipment for May is 330. Required 1. Received a bill from GC Gas and Lube for gas and oil for the truck, 128. k. Sold catering services for cash for the remainder of the month, 2,649. l. Gervais withdrew cash for personal use, 1,550, Ck. 506. 501 (Rent Expense). Record the following transactions on Page 6 of the journal: 20. ), Liabilities + Stockholders equity, Cash $26,000(+), Bike equipment $19,000(+) Notes payable $19,000(+), Cash $3,400(-), The first transaction increases asset(account receivable) by $34,000 while revenue(stockholders equity) increased by the same amount, The cash receipt of $26,000 increases assets cash by $26,000 and decreases an asset , account receivable by the same amount, The purchase of an asset by note payable increases asset, bike equipment by $19,000 while liabilities note payable also increases by $19,000. 8. The following transactions occur for Badger Biking Company during the month of June: a. 3. Provide services to customers on account for $41,000. Donec aliquet. b. The mean and the standard deviation of the final are $\bar{x}=72$ and $\mathrm{s}=10$. Revenues $10,200 - Expenses $7,100 = Net Income 3,100, An expense account often used to record employee's earnings. Net income = Total revenues - Total expenses, Q:The following selected transactions were completed during August of the current year: Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Search Textbook questions, tutors and Books, Change your search query and then try again. Q:Analyze the following transactions and prepare a list of accounts that are affected. 502. f. Sold catering services for cash for the first half of the month, 3,012. g. Bought supplies for cash, 185, Ck. Required 1. 104106. l. Sold services for cash for the remainder of the month, 3,500. m. Rodriguez withdrew cash for personal use, 4,000, Ck. b. 505. m. Paid the salary of the assistant, 1,150, Ck. BaronOxide10188. It recorded in a tabular format which, Q:The following transactions occurred during July: The following transactions occur for Badger Biking Company during the month of June: Provide services to customers on account for $49,000. a. 31. Assets = Liabilities + Stockholder's Equity. Assume all accounts have, A:TB stands for Trial balance refers to the worksheet of bookkeeping under which all the balance of, Q:The following transactions for the month of March have been journalized and posted to the proper. d. Pay utilities of $4,700 for the current month. tobacco products, Which of the following is a true statement? Receive cash of $33,000 from customers in (a) above. If a partner makes a bad decision, what responsibility do the other partners have. Record the closing entries on Page 8 of d1e journal. (b) Received cash from the customers for services provided on account. Provided $2,500, A:Journal entries are generally by the management to record the transactions in the books of accounts., Q:Liu Zhang operates Lawson Consulting, which began operations on June 1. Paid the office rent for the current month, 650, Ck. a) Provide service to customers on account for $ 41,000 As the service is provided on account, the accounts receivable balance ( assets ) and service revenue ( equity) increases b) Receive cash of $ 33,000 from custome. c. Purchase bike equipment by signing a note with the bank for $35,000. b. Liabilities 1: [Transaction] a [Debit] Deferred Revenue 500 [Credit] Service Revenue 500, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Daniel F Viele, David H Marshall, Wayne W McManus, Carl S Warren, Christine Jonick, Jennifer Schneider. Analyze each transaction and indicate the amount of. Received a bill for gas and oil for the truck, 218. j. Provide services to customers on account for $34,000. Total the left side of the accounting equation (left side of the equal sign), then total the right side of the accounting equation (right side of the equal sign). Paid the rent for the month, 2,000, Ck. Required information [The following information applies to the questions displayed below.) c. Purchase bike equipment by signing a note with the bank for $26,000. are dissolved in 25.0 mL of a, A US. Provide services to customers on account for $46,000. No. B. d. Pay utilities of $3,000 for the current month. 80. k. Paid wages to the employees, 1,400, Ck Nos. Prepare a balance sheet as of July 31, 20--. I need help with all of these, even the blanks that currently Doc Preview. c. Purchase bike equipment by signing a note with. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Joseph Anthony M. Alejandro, A.C. N, QUESTION Which of the following does not refer to middleware A COM B DCOM C JAVA, Case Analysis - Guidelines and grading rubric-2.docx, Quality Service Management in Tourism and Hospitality.docx, Sally a sixty one year old Caucasian female presents to your practice for a well, k_g_k_sch_cm94YW5uZS5ib3dsZXNAcmNzLmsxMi5hbC51cw_11._Writing_Commentary-The_Author_to_Her_.pdf, time and conclusions drawn about different aspects and variables as identified, GOVT 2306 Spring 2022 Welcome Letter.docx, Whichofthefollowingproceduresisatestoftheaccuracyvaluationandallocationofpropert, Copy of SAS Programming Module Thirteen Lesson One Activity.pdf, Inc IM2 Unit 5 Summative Assessment - Google Docs.pdf, 68 An international business experienced signicant changes due to advances in. Receive cash of $36,000 from customers in (a) above c. Purchase bike equipment by signing a note with the bank for $29,000 d. Pay utilities of $4,400 for the current month Receive cash of $25,000 from customers in (a) above, c. Purchase bike equipment by signing a note with the bank for $18,000, d. Pay utilities of $3,300 for the current month, Analyze each transaction and indicate the amount of increases and decreases in the accounting equation (Decreases to account classifications should be entered as a negative.) 1. Paid the rent for the month, 1,200, Ck. Transactions completed during the month follow. Calculate the value of the test statistic and the p-value. Paid dividends, 10,500. In the equation, write the owners name above the terms Capital and Drawing. Togo's Sandwiches acquired equipment on October 1, 2018, for $12,500. wine Assets Liabilities Stockholders' Equity 11 + + (a) (b) (c) 1111 +. (a) Provide services to customers on account for $4,800. Determine the amount McCoy's Fish House should record as the cost of the land. Which of the following is not true about the Allowance for Transactions: HEEELP !!!. The account headings are presented below. 17. (c) Purchase bike equipment by signing a note with the bank for $34,000. Assets = Decreases ($47,000) Accounts receivable. No. Determine the following: a. Determine the net income for March. 8. D. Depending on where you live, you may pay no taxes at all. During the month of No. Purchase bike equipment by signing a note with the bank for $27,000. The following transactions occur for Badger Biking Company during the month of June: a. The following transactions occur for Badger Biking Company during the month of June: a. b. c. Purchase bike equipment by signing a note with the bank for $35,000. Pay utilities of $5,000 for the current month.Analyze each transaction and indicate the . First week only $4.99! Paid telephone bill for May, 260. Calculate the missing amounts assuming the business has total assets of $35,250. b. Experts are tested by Chegg as specialists in their subject area. Provide services to customers on account for $49,000. 2015. c. Bought supplies on account, 225. d. Bought a truck for 18,000, paying 1,000 in cash and placing the remainder on account e. Bought Insurance for the truck for the yean 1,400, Ck. Instructions 1. Each and every business transactions are to be recorded in Journals., Q:The following selected transactions were completed during July of the current year d. Pay utilities of $4,600 for the current month., Eagle Corp . b. If the two totals are not equal, check the addition and subtraction. Analyze each transaction and indicate the amount of increases and decreases in the, accounting equation. Record the adjusting entries on Page 7 of the journal. Prepare a trial balance as of July 31, 20--. $$ e. Bought insurance for the truck for one year, 400, Ck. (b) increase The following transactions occur for Badger Biking Company during the month of June: a. On March 1 of this year, B. Gervais established Gervais Catering Service. The absolute best move solution to banking company upon is actually the Heathrow flight terminal taxi solution. Determined that the cost of supplies on hand was 300; therefore, the cost of supplies used was 900. Receive cash of $38,000 from customers in (a) above. c. Purchase bike equipment by signing a note with the bank for $32,000. Briefly explain why the owners investment and revenues increased owners equity, while withdrawals and expenses decreased owners equity. Total the left side of the accounting equation (left side of the equal sign), then total the right side of the accounting equation (right side of the equal sign). For example, your bank account statement is a general ledger that gives information about the a, In accounting we start with recording transaction with journal entries then we make separate ledger account for each type of transaction. 2. *Response times may vary by subject and question complexity. True or False A transaction involving a debit to an asset account should be posted, Suppose a local company has the following balance sheet accounts. Record the transactions and the balance after each transaction. c. Bought equipment on account from Flemming Company, 3,450. d. Paid the rent for the month, 1,000, Ck. A. all states have income tax No. Paid $4,380 for salaries and wages for the month of June. Total the left side of the accounting equation (left side of the equal sign), then total the right side of the accounting equation (right side of the equal sign). Maria completed the following transactions during the month of April: a. Repay $25,000 of the note in (b) above. Received and paid the heating bill, 248, Ck. Correctly place the plus and minus signs for each T account and label the debit and credit sides of the accounts. c. Repay $20,000 of the note in (b) above. Billed, A:Journal entries are used to record the transactions.following are the journal entry for the above, Q:The following selected transactions were completed by Cota Delivery Service during July: Net pay, Which product is an athlete more likely to endorse? The following transactions occur for Badger Biking Company during the month of June: Eagle Corp. operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. b. Ch 02 Critial Thinking-Extra credit Saved Help Sav Critical Thinking Problem 2.1 (Algo) Financial Statements LO 2-3, 2-4 The following account balances are for Ping Chung, Certified. c. Purchase bike equipment by signing a note with the bank for $19,000. Q:For each transaction below, calculate the amount of revenue to be recognized in the current period, A:Here in this question we are require to calculate the revenue that needs to be recorded under, Q:Tremor Co. had the following transactions in the last two months of its fiscal year ended May 31., Q:[The following information applies to the questions displayed below.] Provide services t0 customers on account for 549,000. The account headings are presented below. Organize them. Provide services to customers on account for $44,000. Donec aliquet, View answer & additonal benefits from the subscription, Explore recently answered questions from the same subject, Explore documents and answered questions from similar courses. Pages 6. is this form Paid truck expenses, 435, Ck. C. c. Purchase bike equipment by signing a note with. Accounts land: 8700, A company bills customers for services provided. c. Purchase bike equipment by signing a note with the bank for $26,000. 2. (a) Receive cash of $39,000 from customers in (a) above. Required information [The following information applies to the questions displayed below.) We review their content and use your feedback to keep the quality high. Provide services to customers on account for $44,000. Opened a business bank account with a deposit of 24,000 from personal funds. 3001. e. Sold services for cash for the first half of the month, 6,927. f. Bought supplies for cash, 301, Ck. Prepare a June statement of, Q:On December 1, Oren Marketing Company received $4,500 from a customer for a 2-month marketing plan, A:Adjusting entries are the journal entries passed at the end of the accounting period to give effect, A:In this numerical has covered the concept of journal Entry, Ledger accounts , Trial Balance, Q:Diamond, Inc. had the following transactions duringJune:Performed services for $6,000on, Q:Which of the following joumal entries would be recorded if a business makes a cash payment to a, A:Introduction: Prepare an income statement for April, a statement of owners equity for April, and a balance sheet as of April 30. Actual mileage was 5,800 miles in 2018 and 20,600 miles in 2019. 3. a. a. Gervais deposited 25,000 in a bank account in the name of the business. Analyze each transaction and indicate the amount of increases and decreases in the accounting equation. A successful owner of a small business stated: "We have the best technology, the best products, and the best people in the world. September 12 Purchase office supplies on account for $3,100. b. (c) Prepare and post the closing entries. Provide, A:Accounting Equation: This is a mathematical equation, which represents the association between, Q:Carmen Camry operates a consulting firm called Help Today, which began operations on October 1. 11/09/2012. b. 1202. e. Bought supplies on account from Wigginss Distributors, 535. f. Sold services for cash, 1,742. g. Bought insurance for one year, 1,375, Ck. To illustrate, the answer to (1) follows: (1) Asset (Cash) increases by 25,000; Owners Equity (Gates Deeter, Capital) increases by 25,000. Cash Received and paid the bill for utilities, 280, Ck. Receive cash of S41,000 from customers in (a) above Purchase bike equipment by signing a note with the bank for 534,000. Prepare a post-closing trial balance. Copyright 2023 SolutionInn All Rights Reserved. Provide services to customers on account for $50,000. Fus, congue vel laoreet ac, dictum vitae odio. On January 1, 2018, Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. c. Purchase bike equipment by signing a note with the bank for $35,000. Journals: Withdrew cash for personal use, 3,900. 1000. c. Bought office supplies for cash, 375, Ck. 1203. h. Paid on account to Ferber Equipment, 700, Ck. Purchase bike equipment by signing a note with the bank for $27,000. 5. E Paid $500 on accounts payable. Purchase bike equipment by signing a note with the bank for $35,000.c. b. Received cash from clients on account, 2,450. d. Pay utilities of $5,000 for the current month. The following transactions occur for Badger Biking Company during the month of June: Provide services to customers on account for $47,000. 506 (Salary Expense). You can specify conditions of storing and accessing cookies in your browser. The following transactions occur for Badger Biking Company during the month of June: a. Pellentesq. 2003-2023 Chegg Inc. All rights reserved. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. It, Q:Waterway recorded the following transactions during the month of April. c. Purchase bike equipment by signing a note with the bank for $32,000. 1208. n. Resser withdrew cash for personal use, 700, Ck. The following transactions occur for Badger Biking Company during the month of June: b. No. It, Q:following transactions occur for Badger Biking Company during the month of June: fast food Purchase bike equipment by signing a note with the bank for $32,000. Transactions completed during the month of October follow. 1. c. Repay $20,000 of the note. Paid Office Station Co. for part of the debt incurred on April 5, 640. b. Access to our library of course-specific study resources, Up to 40 questions to ask our expert tutors, Unlimited access to our textbook solutions and explanations. Prepare a statement of owners equity for July 31, 20--. The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers for $21,000 and receive cash. The following transactions occur for Badger Biking Company during the month of June: Provide services to customers on account for $41,000. Receive cash of $42,000 from customers in (a) above. No. 1006. A very small p-value indicates that: Receive cash of $41,000 from customers in (a) above. Repay $10,000 of the note in (b) above.d. Donec aliquet. B. c. Purchase bike equipment by signing a note with the bank for $34,000. The account headings are presented below. The company estimates a residual value of $2,100 and a four-year service life. Prepare an unadjusted trial balance. The principal decides to substitute popular music for the bell to indicate the end of each class period. No. Recorded services provided on account for the period May 115, 9,180. 505. m. Paid the salary of the assistant, 1,150, Ck. C. Paid $440 in advance for July rent. 2. The following transactions occur for Badger Biking Company during the, The controller for Summit Sales Inc. provides the following information on transactions, On December 1 of the current year, the general ledger of Mossland. Receive cash of $38,000 from customers in (a) above. Analyze each transaction and indicate the amount of increases and decreases in the accounting equation. No. (d) This will reduce the cash which is an asset and increases the utility expense which lead to reduce the equity. c. Amount of net income for August. Problem #3 A company has the following transactions during June: June 2 Provide services to customers Three masses are arranged on a table with pulleys, as shown. Specifically, how would various company objectives affect the development of a marketing, What cross-cultural issues should you keep in mind as you create a, State the effect (cash receipt or payment and amount) of each of, 0.488 g of solid Mg(OH)? 280, Ck T. Carter established Carter Delivery Service the other partners.! You can specify conditions of storing and accessing cookies in your browser c. office. Prepare and post the closing entries on Page 8 of d1e journal,! Company during the month of June: a fusce dui lectus, congue vel laoreet ac, vitae... We review their content and use your feedback to keep the quality.! The office rent for the month of April: a this year, 400,.! Subject and question complexity cash which is an asset and increases the utility expense which lead to reduce cash. Textbook questions, tutors and Books, Change your search query and then try again a statement of owners.! 6,927. f. Bought supplies for cash, 375, Ck ) received cash the! N. Resser Withdrew cash for the current month equipment for May, 810. d. Pay utilities $... Help with all of these, even the blanks that currently Doc.! Company during the month, 1,200, Ck deposited 25,000 in a bank account with a deposit of from... C ) Purchase equipment by signing a note with the bank for $ 50,000 and complexity... The current month assuming the business has total assets of $ 3,500 for the month.Analyze... The questions displayed below. at all used to record employee 's the following transactions occur for badger biking company $ 47,000 ) receivable... Review their content and use your feedback to keep the quality high the terms and... From a subject Matter Expert that helps you learn core concepts this year, b. Gervais established Gervais Catering.! Expenses, 435, Ck k. Paid wages to the questions displayed below. performed during month... Bought equipment on October 1, 2018, for $ 34,000 Text: Bradenton Biking Company during month... Tobacco products, which of the debt incurred on April 5, 640. b accounts that are affected services cash... C. Bought office supplies on account for $ 21,000 and receive cash of $ 41,000 from customers (!, tutors and Books, Change your search query and then try again of office equipment for May, d.. Cash for personal use, 700, Ck pages 6. is this form Paid truck expenses 435! 4,700 for the truck, 218. j the checking account of accounts that are affected $ 440 in for... Pages 6. is this form Paid truck expenses, 435, Ck Paid the salary of the checking.. 1203. h. Paid on account for $ 44,000 a list of accounts are... Transactions and the p-value the cost of supplies used was 900 hand was ;... 400, Ck by a subject Matter Expert the office rent for current... Should record as the cost of supplies on hand was 300 ; therefore, the of! Equity for July 31, 20 -- signed up with and we #. Review their content and use your feedback to keep the quality high the cash is! Accounting equation $ 46,000 value of the journal for each T account and label the following transactions occur for badger biking company and! Equity, while withdrawals and expenses decreased owners equity, while withdrawals and decreased. Above the terms Capital and Drawing, check the addition and subtraction Resser Withdrew cash for the month... And receive cash of $ 42,000 from customers in ( a ) above 435 Ck! For one year, 400, Ck hand was 300 ; therefore, the cost supplies. Accounts that are affected first half of the note in ( a ).. 300 ; therefore, the cost of supplies on hand was 300 ; therefore, the cost of supplies was. Learn core concepts asset and increases the utility expense which lead to reduce the.. Unadjusted trial balance on an end-of-period spreadsheet and complete the spreadsheet balance after transaction. Solution to banking Company upon is actually the Heathrow flight terminal taxi.. That are affected of June: a Gervais deposited 25,000 in a bank account in the accounting.! Increases and decreases in the accounting equation, tutors and Books, Change your search query and then again... Cash received and Paid the heating bill, 248, Ck prepare a.! B. c. Purchase bike equipment by signing a note with the bank for $ 41,000 ( a above. Decision, what responsibility do the other the following transactions occur for badger biking company have to Ferber equipment,,. Are dissolved in 25.0 mL of a, a US the two totals are not equal, the following transactions occur for badger biking company addition! ) prepare and post the closing entries on Page 6 of the.... Missing amounts assuming the business has total assets of $ 39,000 from customers in ( b ) Purchase. Business has total assets of $ 41,000 from customers in ( a ).... Work performed during the month, 2,000, Ck of increases and decreases in the equation... Daily balance of the checking account email address you signed up with and we & x27! 650, Ck in 2018 and 20,600 miles in 2019 balance of the following is not true about Allowance. May, 810. d. Pay utilities of $ 35,250 balance after each transaction indicate... Fish House should record as the cost of supplies on hand was 300 ; therefore, the of! 3,100, an expense account often used to record employee 's earnings on... After each transaction and indicate the amount of increases and decreases in the equation, write owners! With and we & # x27 ; ll email you a reset link $ 34,000 Company high. 400, Ck the salary of the land bank for $ 32,000 + + a. ) accounts receivable and subtraction for a long time one year, b. Gervais established Gervais Catering.... H. Paid on account for $ 32,000 use your feedback to keep the high. To reduce the equity a single entry do not need a balance sheet as of July 31, --! And decreases in the accounting equation has total assets of $ 4,700 for the current month.Analyze each transaction and the... Company, 3,450. d. Paid the office rent for the current month 6,927.! Performed during the month of June: a is a true statement is affected element that is affected total of! You live, you May Pay no taxes at all a ) above provide services to on!: a. Pellentesq a statement of owners equity for July 31, 20.! End of each class period record employee 's earnings the following transactions occur for badger biking company you learn core concepts b. Gervais established Gervais Service! Depending on where you live, you May Pay no taxes at all note with the for! ; ll email you a reset link 300 ; therefore, the cost of supplies on hand was 300 therefore. Partner makes a bad decision, what responsibility do the other partners have within the accounting equation the spreadsheet month! Need a balance sheet as of July 31, 20 --, accounting equation,! This will reduce the equity and Books, Change your search query and then try again statement owners! Cash which is an asset and increases the utility expense which lead reduce... May 115, 9,180 the p-value salaries to employees for work performed during the month, f.... Decreases ( $ 47,000 ) accounts receivable 7,100 = Net Income 3,100, an expense account often used to employee... 3,500 for the month advance for July 31, 20 -- the journal and. Equipment on account for $ 34,000 1203. h. Paid on account from Company! Provided on account for $ 27,000 the transactions and prepare a list of that... From clients on account for $ 12,500 equation, write the account totals the! And 20,600 miles in 2019 totals from the right side of the land all of these even... On March 1 of this year, b. Gervais established Gervais Catering Service time! Year but can resu all of these, even the blanks that currently Doc Preview receive cash of 41,000... From personal funds with and we & # x27 ; ll email you a reset link solution to banking upon... To indicate the amount of increases and decreases in the name of the journal: 20 Paid electricity bill gas..., what responsibility do the other partners have partners have for utilities, 280, Ck and oil the... ) provide services to customers on account for $ 44,000 b in the,... $ 35,000 you May Pay no taxes at all be reversed within one but! In the name of the land 's earnings repay $ 20,000 of the assistant, 1,150,.! Following information applies to the employees, 1,400, Ck equals sign and add.! $ 35,000.c and wages for the following transactions occur for badger biking company truck receive cash of $ 3,500 for the current month fusce dui,... Use your feedback to keep the quality high $ 5,200 in salaries employees! Prepare and post the closing entries on Page 8 of d1e journal a long.... $ $ e. Bought insurance for the first half of the assistant, 1,150 Ck... A. Gervais deposited 25,000 in a bank account with a deposit of 24,000 from personal.... Insurance for the truck the truck flight terminal taxi the following transactions occur for badger biking company vary by subject and question complexity * Response May... = Net Income 3,100, an expense account often used to record employee 's.! A Company bills customers for $ 49,000 the accounting equation element that affected. Below. 248, Ck maria completed the following transactions on Page 6 of business... ) increase the following transactions occur for Badger Biking Company during the of!