Purchased cleaning supplies on account
WebProblem 4-5A Anya Clark opened Anya’s Cleaning Service on July 1, 2024. During July, the following transactions were completed. July 1 Anya invested $20,000 cash in the business. 1 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 1-year ... 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.
Purchased cleaning supplies on account
Did you know?
WebJul 1, 2024 · 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 … WebAccounting for Office Supplies. The cost of office supplies on hand at the end of an accounting period should be the balance in a current asset account such as Supplies or …
WebTransaction 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 … WebPurchased cleaning supplies, on account, for $9,600. ... Used $8,400 of the supplies in cleaning operations. DR Cost of goods sold $8,400 CR Inventory $8,400. DR Cost of goods sold $ 8,400 CR Inventory $ 8,400. 5. Collected $124,000 from customers for dry cleaning services provided.
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 … WebSecurity 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.
WebMar 6, 2024 · The normal accounting for supplies is to charge them to expense when they are purchased, using the following journal entry. Debit. Credit. Supplies expense. xxx. …
Weboffice supplies were sold by janers cleaning service at cost to another repair shop, ... the purchase of supplies on account was recorded and posted as a debit to Supplies for $500 and a credit to Accounts Receivable for $500. the correcting entry would include a. military computer jobsWebAug 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 … new york new york spa frederick mdWebMar 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. military computer test keyboardWeb1 Purchased used truck for $12,000, paying $4,000 cash and the balance on Account. 3 Purchased cleaning supplies for $940 on account. 5 Paid $7,200 cash on 1-year insurance policy effective January 1. 12 Billed customers $4,100 for cleaning services. 18 Paid $600 cash on amount owed on truck and $300 on amount owed on Cleaning supplies. military computer screen saversWeb1. A debit of $8,000 should be posted to the Equipment account in the ledger. 2. A credit of $8,000 should be posted to the Equipment account in the ledger. 3. A debit of $8,000 should be posted to the Cash account in the ledger. 4. A credit of $8,000 should be posted to the Cash account in the ledger. 5. military.com shock and aweWebPurchased 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 military computer gamesWebThe 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 ... military concept