WebA company purchased $505 worth of supplies on account. Prepare the general journal entry to record this transaction. Economy Laundry Company purchased $3,150 of cleaning … WebMar 1, 2024 · 1 Purchased used truck for €8,000 cash. 2 Paid €1,500 cash to cover rent from March 1 through May 31. 3 Paid €2,400 cash on a 6-month insurance policy effective March 1. 6 Purchased cleaning supplies for €2,000 on account. 14 Billed customers €3,700 for cleaning services performed. 18 Paid €500 on amount owed on cleaning supplies.
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WebJul 1, 2024 · Purchased used truck for $12,000, paying $4,000 cash and the balance on account. 3: Purchased cleaning supplies for $2,100 on account. 5: Paid $1,800 cash on a 1-year insurance policy effective July 1; 12: Billed customers $4,500 for cleaning services. 18: Paid $1,500 cash on amount owed on truck and $1,400 on amount owed on cleaning … WebFeb 18, 2024 · 1 Purchased used truck for $6,560, paying $1,640 cash and the balance on account. 3 Purchased cleaning supplies for $740 on account. 5 Paid $1,440 cash on a 1 …
Web12 hours ago · Electric Vehicle Tax Credit. The IRA includes a $7,500 consumer tax credit for electric vehicle purchases; you are eligible if your adjusted gross income is up to $150,000 for individuals or ... WebAug 6, 2024 · 1 Purchased used truck for $8,000, paying $3,000 cash and the balance onaccount. 3 Purchased cleaning supplies for $1,200 on account. 5 Paid $1,800 cash on one-year insurance policy effective March 1. 14 Billed customers $4,800 for cleaning services. 18 Paid $1,500 cash on amount owed on truck and $500 on amount owed on …
WebFeb 3, 2024 · 1. Record supply purchases. You can record how much money the company's employees spend on supplies in your supply account by debiting supplies and crediting … WebPurchased used truck for $7,520, paying $1,880 cash and the balance on account. 3 Purchased cleaning supplies for $850 on account. 5 Paid $1,680 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3,480 for cleaning services performed. 18 Paid $940 cash on amount owed on truck and $470 on amount owed on cleaning supplies. 20
WebPurchased cleaning supplies for $1,200 on the account. 5 : Paid $1,200 cash on a 1-year insurance policy effective March 1. 14 : Billed customers $4,800 for cleaning services. 18 : Paid $1,500 cash on the amount owed on the truck and $500 on the amount owed on cleaning supplies. 20 : Paid $1,800 cash for employee salaries. 21
Web1 Purchased used truck for $12,000, paying $4,000 cash and the balance on account. 3 Purchased salon supplies for $2,100 on account. 5 Paid $1,800 cash on a 1-year insurance policy ef fective July 1. 12 Billed customers $4,500 for salon services. breakfast at ponce city marketWebSecurity Specialist’s employees earned salaries of $82,350 per month. During 2024, Security Services paid salaries of$980,200 cash for work performed. At the beginning of 2024, there were $2,875 of supplies on hand. Supplies of$65,800 were purchased during the year, and $9,225 of supplies were on hand at the end of the year. costco installation services reviewWebJul 1, 2024 · 1 Purchased used truck for $8,000, paying $2,000 cash and the balance on account. 3 Purchased cleaning supplies for $900 on account. 5 Paid $ 1800 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3,700 for cleaning services performed. 18 Paid $1,000 cash on amount owed on truck and $300 on amount owed on … costco in springfield moWebJul 1, 2024 · 1 Purchased used truck for $8,000, paying $2,000 cash and the balance on account. 3 Purchased cleaning supplies for $900 on account. 5 Paid $1,800 cash on a 1-year insurance policy eff ective July 1. 12 Billed customers $3,700 for cleaning services performed. 18 Paid $1,000 cash on amount owed on truck and $500 on amount owed on … costco inspire fitness sf3WebThe purchase of supplies on account for $560 was debited to Equipment $56 and ... paying €4,000 cash and the balance on account. 3 Purchased cleaning supplies for €2,100 on account. 5 Paid €1,800 cash on a 1-year insurance policy eff ective July 1. 12 Billed customers €4,500 for cleaning services. 18 Paid €1,500 cash on ... breakfast at pop centuryWebTransaction 12: On January 30, 2024, purchases supplies on account for $500, payment due within three months. Analysis: The company purchased supplies, which are assets to the business until used. Supplies is increasing, because the company has more supplies than … breakfast at polarisWebOct 27, 2024 · The purchase of supplies on account should have no effect on the accounting equation. As long as the transaction is recorded correctly, both sides of equation should … costco instant mashed potatoes bucket