0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
How do you journalize entries for the stock issuances?
Debit Cash / bank Credit share capital account
My corporation issue 2000 shares of no-par common stock at a cash price of 9.00 per share how do you journalize the issuance of the share?
Debit "Cash" for $18,000 and credit "Equity - Common Stock" for $18,000.
How do you make journal entries in share capital transactions?
Debit Cash / bankCredit share application accountDebit Share Application accountcredit share capital account
How do you journalize declared dividends?
declared and paid a $900 dividend
What is full cycle bookkeeping?
The 9 Steps of the Accounting Cycle are: 1. Collect and analyze data from documents, transactions and events. 2. Journalize transactions. 3. Post to general ledger. 4. Prepare an unadjusted trial balance. 5. Prepare adjustments. 6. Prepare an adjusted trial balance. 7. Prepare financial statements. 8. Close the accounts. 9. Prepare a post-closing trial balance.
Which sequence correctly summarizes the accounting process?
1. Journalize transactions, Post to the accounts, Prepare a trial Balance. 2. Post to the accounts, Journalize transactions, Prepare a trial Balance. 3. Prepare a trial Balance, Journalize transaction, Post to the accounts
How do you journalize entries for the stock issuances?
Debit Cash / bank Credit share capital account
What are the 7 steps in journalizing?
The 7 steps in journalizing are: identify the transactions, analyze the transactions, decide the accounts impacted, record the transaction in the journal, post the transaction to the ledger, prepare a trial balance, and prepare financial statements.
My corporation issue 2000 shares of no-par common stock at a cash price of 9.00 per share how do you journalize the issuance of the share?
Debit "Cash" for $18,000 and credit "Equity - Common Stock" for $18,000.
Can a bank share your checking transactions with your spouse if they are not on the account?
NO THEY CAN NOT THEIR NAME HAS TO BE ON IT
How do you make journal entries in share capital transactions?
Debit Cash / bankCredit share application accountDebit Share Application accountcredit share capital account
What term is used to describe a grouping of transactions that share a common element?
File
How do you journalize declared dividends?
declared and paid a $900 dividend
Journalize the following transactions in books of jaleel and co quetta April 1. jaleel started his business by introducing cash Rs.25000 machinery value Rs.10000 and good worth Rs.5000?
Cash.......Dr Machinery.....Dr Goods To Capital/c
What is full cycle bookkeeping?
The 9 Steps of the Accounting Cycle are: 1. Collect and analyze data from documents, transactions and events. 2. Journalize transactions. 3. Post to general ledger. 4. Prepare an unadjusted trial balance. 5. Prepare adjustments. 6. Prepare an adjusted trial balance. 7. Prepare financial statements. 8. Close the accounts. 9. Prepare a post-closing trial balance.
How do you journalize office supplies on account?
Debit office suppliesCredit Accounts Payable
How do you record a Construction in Process liability?
How do a liability of a CIP get recorded? Please Journalize.
