What entry is required in the company accounts, Accounting Basics

+44 141 628 6080
[email protected]

What entry is required in the company accounts

A check drawn by a company in payment of a voucher for $635 was recorded in the journal as $365. What entry is required in the company's accounts?

1. debit Cash; credit Accounts Receivable

2. debit Accounts Payable; credit Cash

3. debit Cash; credit Accounts Payable

4. debit Accounts Receivable; credit Cash

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What entry is required in the company accounts

Reference No:- TGS079338

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Considering deferred compensation plans

Maroon Corporation is considering deferred compensation plans for its executive employees over the age of 55. All of the employees use the cash method of accounting.

Q : Certificates maturity value in two years

Freddy purchased a certificate of deposit for $20,000 on January 1,2010. The certificate's maturity value in two years (December 31,2011) is $22,050. yeilding 5% before-tax interest.

Q : What is the total amount invest

what is the total amount invest (total paid-in capital) by all stockholders as of May 9?

Q : What was shareholders equity problem

What ($ in 000s) was shareholders' equity as of December 31, 2009?

Q : What entry is required in the company accounts

A check drawn by a company in payment of a voucher for $635 was recorded in the journal as $365. What entry is required in the company's accounts?

Q : Coupon rate of percent on its new bonds

Seether Co. wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 8 percent coupon bonds on the market that sell for $930, make semiannual payments, and mature in 20 years. The company should set a cou

Q : What is the budgeted tuition revenue

a. What is the budgeted tuition revenue for the upcoming academic year ? b. How many faculty members will be needed to teach classes in the upcoming year ?

Q : Accelerated depreciation for tax purposes

Gamma had pretax accounting income of $1,400 during 2011. Gamma used accelerated depreciation for tax purposes ($1,000) and straight-line depreciation for financial reporting purposes ($200). During 2011, Gamma accrued warranty expenses of $900 an

Q : Debit in journal entry to record the sale

Equestrain Roads sold $50,000 of goods and accepted the customer's $50,000 10% 1-year note receivable in exchange. Assuming 10% approximates the market rate of return, what would be the debit in this journal entry to record the sale?

1935544

Questions
Asked

3,689

Active Tutors

1415705

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What entry is required in the company accounts

Reference No:- TGS079338

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Considering deferred compensation plans

Q : Certificates maturity value in two years

Q : What is the total amount invest

Q : What was shareholders equity problem

Q : What entry is required in the company accounts

Q : Coupon rate of percent on its new bonds

Q : What is the budgeted tuition revenue

Q : Accelerated depreciation for tax purposes

Q : Debit in journal entry to record the sale

How much government regulation is there of american media

Checks on the powers of the u.s. supreme court

Discussion of participation and responsiveness

What is a key characteristic of a tribal government status

What factors go into which stakeholders you need prioritize

What does the bill of rights do

Advocating for a policy proposal

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What entry is required in the company accounts

Reference No:- TGS079338

Recent Questions Asked Accounting Basics

Q : Considering deferred compensation plans

Q : Certificates maturity value in two years

Q : What is the total amount invest

Q : What was shareholders equity problem

Q : What entry is required in the company accounts

Q : Coupon rate of percent on its new bonds

Q : What is the budgeted tuition revenue

Q : Accelerated depreciation for tax purposes

Q : Debit in journal entry to record the sale

Asked Questions