This is for Construction Accounting so please keep that in mind when answering the questions....
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Accounting
This is for Construction Accounting so please keep that in mind when answering the questions.
Chapter 3 looks at how accounting transactions affect the General Ledger, Balance sheet, Income throughout and Job Cost Ledger.. For each of the following invoices entered into the accounting system, determine what account will be affected and on what financial statement that account would appear? Use examples throughout chapter 3 text as a guide. 1. $5,000 invoice for concrete for a specific job? 2. $12,350 invoice from Subcontractor for plumbing for a specific job? 3. \$255 Phone bill charged to a specific job? 4. $1500 bill for main office rent? 5. $750 invoice for repair of a Backhoe? 6. $125,000 bill to client for work completed
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