Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 7 transactions for pearl co, for the mont

QUESTION 7 Transactions for Pearl Co, for the month of December are presented...

80.2K

Verified Solution

Question

Accounting

image

QUESTION 7 Transactions for Pearl Co, for the month of December are presented below. 1. Pearl, the owner, Invested BHD40,000 cash to establish Pearl Co. 2. Purchased land costing BHD28,000 by signing a note. 3. Purchased supplies for BHD800 cash. 4. Paid BHD1,000 for a one-year rent in advance. 5. Received BHD3,000 cash in advance for service to be performed next montn. Requirements: (A) Journalize each transaction and identify each transaction by number. You may omit journal explanations. Example: 1. Paid BD 500 for office maintenance. Answer: 1. Dr. Office Maintenance expense BD 500 Cr. Cash BD 500 (B) After recording all the transactions in PART A, what is the cash balance? [you MUST show your calculation] For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Given : the plane region R is bounded by the curves ? = 0 ,...

Advance Math
1.2K views

Unless otherwise noted, all sets in this module are finite. Prove the following statements... 1. If A...

General Management
1.2K views

What are 7 or more key ways in which marketers (in hotels and other companies) could...

Geometry
1.2K views

3 mA 57 5 m mAB 650 180 A D 5 ft 65 B m...

Basic Math
1.2K views

Jacksonville, Florida is due south of Charleston, West Virginia. Find the distance between Jacksonville (3020')...

Calculus
1.2K views

1 An object stretches a spring 4cm in equilibrium Find its displacement for t 0...

Algebra
1.2K views

station 4 Find the value of x 32 102 d 124 160

Algebra
1.2K views

3 The point 3 2 2 is on the unit circle What is the measure...

Accounting
1.2K views

2. Record revenue earned from item 1 above. 3. $22,000 of accounts receivable at March...

Accounting
1.2K views

Hi, please give me the CORRECT answers!! thank you so much!!! ...

Accounting
1.2K views

and trade 7.000 tonn ing 15 25 2 L31 3 72 73 ALL Dute crocus...

Accounting
1.2K views

What is the worst choice for Brad to choose for the charitable contribution? 1: stock...