SarkarA-ACCT 410-assignment# 7

SarkarA-ACCT 410-assignment# 7 - E11-3 Date 1 2 3 4 5 6 7 8...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
E11-3 Date Accounts Debit ($) Credit ($) 1. Salaries Expense 10,300 Cash 10,000 Accrued Salaries Payable 300 (To record the salaries expense and salaries payable) 2. Equipment 50,000 Cash 5,000 Notes Payable – Long-term 45,000 (To record the purchase of equipment) 3. Due from Other Funds 10,000 Cash 90,000 Revenues – Billings 100,000 (To record the sales and collection of cash) 4. Losses – Claims and Judgments 25,000 Claims and Judgments Liabilities 25,000 (To record the claims and judgments losses) 5. No journal entry required 6. Inventory of Supplies 41,000 Vouchers Payable 41,000 (To record the purchase of supplies) Vouchers Payable 41,000 Cash 41,000 (To record the payment of vouchers payables) 7. Supplies Expense 25,000 Inventory of Supplies 25,000 (To record the use of supplies) 8. Depreciation Expense – Equipment 16,000 Depreciation Expense – Building 25,000 Accumulated Depreciation – Equipment 16,000 Accumulated – Building 25,000 (To record the amount of depreciation of equipment and building) 9. Interest Expense 3,375 Interest Payable 3,375 (To record the interest expense) 10. Cash 10,000
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern