The writer is very fast, professional and responded to the review request fast also. Thank you.
Presentation/PPT
27/08/2022
Halogen Laminated Products Company began business on January 1, 2016. During January, the following transactions occurred:
Jan. 1 Issued common stock in exchange for $100,000 cash.2 Purchased inventory on account for $35,000 (the perpetual inventory system is used).
4 Paid an insurance company $2,400 for a one-year insurance policy.10 Sold merchandise on account for $12,000. The cost of the merchandise was $7,000.15 Borrowed $30,000 from a local bank and signed a note. Principal and interest at 10% is to be repaid in six months.
20 Paid employees $6,000 salaries and wages for the first half of the month.22 Sold merchandise for $10,000 cash. The cost of the merchandise was $6,000.24 Paid $15,000 to suppliers for the merchandise purchased on January 2.26 Collected $6,000 on account from customers.28 Paid $1,000 to the local utility company for January gas and electricity.30 Paid $4,000 rent for the building. $2,000 was for January rent, and $2,000 for February rent.
Required:
1.
Prepare general journal entries to record each transaction. (If no entry is required for a transaction/event, select “No journal entry required” in the first account field.)
2.
Post the transactions into the appropriate T-accounts. (Enter the date of the transaction in the column next to the amount.)
3.
Prepare an unadjusted trial balance as of January 30, 2016.
Show more
The writer is very fast, professional and responded to the review request fast also. Thank you.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more