Recording Transactions in General Journal
Enter the Following Transactions in the Two-Column

question 112

Essay

Recording transactions in general journal
Enter the following transactions in the two-column journal of Festive Parties Limited Include a brief explanation of the transaction as part of each journal entry.
June $\quad$ 2 $\quad$ Collected an account receivable of $\$ 860$ from a customer, East Limited
$\quad$ $\quad$ 5 $\quad$ $\quad$ Issued a check for $\$ 430$ in full payment of an account payable to North Limited
$\quad$ $\quad$ 9 $\quad$ $\quad$ Borrowed $\$ 12,000$ cash from the bank by signing a 120 -day note payable.
$\quad$ $\quad$ 12 $\quad$ $\quad$ Issued an additional 3,000 shares of share capital in exchange for $\$ 45,000$ cash.
$\quad$ $\quad$ 15 $\quad$ $\quad$ Purchased equipment for the business. The pricewas $\$ 13,000$ , of which $\$ 3,000$ was paid in cash; a note payable was issued for the balance.
$\quad$ $\quad$ 21 $\quad$ $\quad$ Acquired office furniture from West Company for $\$ 1,100$ on account.

Compute and understand the contribution margin ratio for decision-making.

Understand the implications of fixed and variable costs in pricing and profit planning.

Identify key technologies and their impact on the evolution of film from silent to sound.

Recognize the significance of color technology transformations in Hollywood.

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Definitions:

Parental Technique

Strategies and methods used by parents in raising their children, focusing on discipline, communication, and nurturing.

Temper Tantrums

Emotional outbursts, typically characterized by yelling, crying, and kicking, commonly seen in young children as a response to frustration or lack of control.

Emotional Regulation

The process by which individuals influence which emotions they feel, when they feel them, and how they express these emotions.

Emotional Regulation

The process of controlling one's emotional state, enabling individuals to respond to experiences with a range of emotions in a socially acceptable manner.