Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. hawke advertising had the following selected trans

Hawke Advertising had the following selected transactions for the month ended October 31, 2020: Oct...

90.2K

Verified Solution

Question

Accounting

image
Hawke Advertising had the following selected transactions for the month ended October 31, 2020: Oct 1 Purchased video equipment, paying cash of $5,000, signing a five-year, 4% per annum, note payable for the balance of $75,000. 1 Purchased six months of insurance to begin October 1; paid $5,700. 2 Made a hotel reservation by phone regarding a business meeting to be held December 2. The full payment of $240 will be required upon arrival at the hotel. (4 Purchased cleaning supplies on account: $450. 12 Performed advertising work for a client today receiving immediate payment; $900. 15 Paid for the October 4 purchase. 19 Performed advertising work for a client today on account: $35,000 20 Collected cash of $8,000 from a customer. The work will be done in November 25 Owner withdrew $2,000 for personal expenses. 30 Received the October telephone bill today: $1,300. It will be paid November 14. 30 Collected half of the amount owed by the customer of October 19. 31 Paid one month's interest on the note. Required: Prepare general journal entries to record these transactions

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

True or False 1) If the obtained sample data are in the critical region, then we could...

Statistics
Q

Two major automobile manufacturers have produced compact cars with the same size engines. We are interested...

Statistics
Q

How do you wrap your head around the poorly written chapter 9.3 in 'Contemporary Linear Algebra'?

Advance Math
Q

1)You are likely using various forms of social media (e.g., Twitter, Facebook). Please explore the idea...

Accounting
Q

One of the following fixatives is well known to penetrate the tissue quickly O a...

Biology
Q

2 Evaluate cos 8 B where sine with in the second quadrant and tan with...

Calculus
Q

Pluto has a radius of 700 miles As the planet rotates on its axis a...

Calculus
Q

Sanji throws an 8-sided solid with faces numbered 1 through 8.Which of the following statements...

Algebra
Q

Which approach will the appraiser give the MOST consideration when appraising a commercial property?A) Income...

Algebra
Q

Answer just these two questions. You must be knowledgeable in the using Sage 300 erp...

Accounting
Q

5 18 points Liberty Company has the following inventory transactions for the year. Date January...

Accounting
Q

can you do all three parts for me please? ...

Accounting