Account titles and explanation

• [DOC File]PROBLEM 1-1B

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  The Account Management Guidelines have been updated for Funds 500-699, 700-750 and 840 as follows. Account Management is accomplished through account establishment, account transaction and document management, cash management and closeout management. These procedures highlight the following major issues: OVERDRAFTS:

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• [DOC File]JustAnswer

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  Account Titles and Explanation Debit Credit (To record purchase of patents) (To record amortization of patents) Brief Exercise 12-4. Gershwin Corporation obtained a franchise from Sonic Hedgehog Inc. for a cash payment of $120,000 on April 1, 2014. The franchise grants Gershwin the right to sell certain products and services for a period of 8 ...

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• [DOC File]PROBLEM 3-1A

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  Mar 11, 2010 · Date Account Titles and Explanation Ref. Debit Credit Apr. 4 Merchandise Inventory Accounts Payable 120. 201 840 840 6 Merchandise Inventory Cash 120. 101 40 40 8 Accounts Receivable Sales Cost of Goods Sold Merchandise Inventory 112. 401 505 120 1,150. 790 1,150 790 10 Accounts Payable Merchandise Inventory 201

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• A List of Account Titles In Accounting | The Motley Fool

  It is italicized. Then enter a brief explanation of the transaction. It references a source document. Then leave a blank line in between transactions for clarity purposes. Balance Column Account. Is similar to a T-account in that it has columns for debits and credits. It also has columns for the Date, Explanation, PR (post reference), and Balance.

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• [DOC File]CHAPTER 2: ACCOUNTING FOR TRANSACTIONS

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  Part 4 (a) GENERAL JOURNAL J2 Date Account Titles and Explanation Debit Credit Dec. 1 No Journal Entry 4 Cash 100 Teaching Revenue 100 8 Cash 250 Accounts Receivable 250 10 Cash 625 Unearned Revenue 625 15 Accounts Payable 50 Cash 50 16 Accounts Payable 600 Cash 600 18 Cash 50 Unearned Revenue 50 24 Cash 3,000 Accounts Receivable 500 Teaching Revenue 3,500 24 …

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• [DOC File]JustAnswer

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  Dividend income and savings account interest income. Verification form completed by bank. Telephone or in-person contact with appropriate party, documented in file by the owner. Copies of current statements, bank passbooks, certificates of deposit, if they show required information (i.e., current rate of interest). ... Other titles: Exhibit 5-3 ...

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• [DOC File]ACCOUNT MANAGEMENT EXPECTATIONS

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  (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Date Account Titles and Explanation Debit Credit (a) Jan. 1, 2013 (b) Dec. 31, 2013 (c) Dec. 31, 2014 Question 8 to 12

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• [DOC File]P5-4A J

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  Aug 11, 2010 · Date Account Titles and Explanation Ref. Debit Credit Dec. 31 Service Revenue 400 77,800 Income Summary 350 77,800 31 Income Summary 350 67,700 Advertising Expense 610 12,000 Supplies Expense 631 3,700 Depreciation Expense 711 8,000 Insurance Expense 722 4,000 Salaries Expense 726 39,000 Interest Expense 905 1,000 31 Income Summary 350 10,100 ...

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• [DOC File]Accounting 115 - Information Technology | Drexel University

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  Date Account Titles and Explanation Ref. Debit Credit May 31 Insurance Expense Prepaid Insurance 722. 130 200 200 31 Supplies Expense Supplies ($1,900 – $900) 631. 126 1,000 1,000 31 Depreciation Expense—Lodge ($2,400 X 1/12) Accumulated Depreciation— Lodge 619. 142 200

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• [DOC File]The ledger of Ley Company includes the following ...

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  Date Account Titles and Explanation Ref. Debit Credit May 31 Accounts Payable ($1,500 X 40%) Cash (Paid creditor on account) 201. 101 600 600 (b) Cash No. 101. Date Explanation Ref. Debit Credit Balance May 1 J1 20,000 20,000 7 J1 900 19,100 12 J1 3,500 22,600 17 J1 1,200 23,800 31 J1 1,000 22,800 31 J1 600 22,200 ...

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