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Additional exercises Accounting 1) Record the sideline proceedings (journal entries). a) authorized capital from professional services rendered $2500 b) Purchased furniture for $1000 devising a down remuneration of 30% c) Incurred telephone depreciate on account $100 d) Paid $400 to creditors 2) The owner, who has petty(a) knowledge of accounting, hustling the following trial isotropy for Loretta Comp whatever. It therefore didnt equilibrise. gussy up a right trial balance.

outpouring agreement Debit balances realization balances bullion50000$ Notes due10000$ Accounts collectible10000$ make65000$ Notes Payable$50000 Accounts Receivable$5000 Capital$70000 ---------------------------------------------- $135000$125000 3) The following trial balance of Hardy Corporation does not balance: Hardy Corporation Trial Balance Debit balancesCredit balances Cash$ 1000 Accounts Receivable$12500 Machinery$7000 Accounts Payable$ 4300 Capital$8100 Professional slant Income$31000 Salary Expense$9000 countercurrent spending$4000 --------------------------------------- $42500$43100 After reviewing the book of account account balances, it was found that: 1)Accounts Receivable has total debits of $20000 and total assign of $6500, 2) Cash paid of $6000 for a machine was not post to the Machinery account, 3) the balance for professional slant income should be $1000 more than stated and 4) a payment to creditor of $700 was not posted to any account. Prepare a corrected Trial Balance. 4) Record tr ansactions and prepare general ledgers. ! e) Received $20000 funds from an increase in capital f) Bought equipment of $8000 on account g) Paid activate expense $1000 h) Rendered professional services of $30000, receiving $10000 in currency with the balance on account. i) Paid $5000 to creditors j) Sold for...If you want to get hold under ones skin a full essay, order it on our website: BestEssayCheap.com

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