Examlex

Solved

Journalize and Post Basic Transactions

question 118

Essay

Journalize and post basic transactions
Precision Grading Co.was organized to grade construction sites.
* On June 1,owner Dave Precision deposited $90,000 in a new bank account opened in the name of the business in exchange for stock.
* On June 3,the company acquired grading equipment costing $89,000,paying $43,000 cash and signing a note payable for the balance.
* On June 10,the company paid $13,000 of the amount owed for equipment acquired on June 3.
Instructions: Journalize these three transactions and post to the ledger accounts. Journalize and post basic transactions Precision Grading Co.was organized to grade construction sites. * On June 1,owner Dave Precision deposited $90,000 in a new bank account opened in the name of the business in exchange for stock. * On June 3,the company acquired grading equipment costing $89,000,paying $43,000 cash and signing a note payable for the balance. * On June 10,the company paid $13,000 of the amount owed for equipment acquired on June 3. Instructions: Journalize these three transactions and post to the ledger accounts.          Journalize and post basic transactions Precision Grading Co.was organized to grade construction sites. * On June 1,owner Dave Precision deposited $90,000 in a new bank account opened in the name of the business in exchange for stock. * On June 3,the company acquired grading equipment costing $89,000,paying $43,000 cash and signing a note payable for the balance. * On June 10,the company paid $13,000 of the amount owed for equipment acquired on June 3. Instructions: Journalize these three transactions and post to the ledger accounts.          Journalize and post basic transactions Precision Grading Co.was organized to grade construction sites. * On June 1,owner Dave Precision deposited $90,000 in a new bank account opened in the name of the business in exchange for stock. * On June 3,the company acquired grading equipment costing $89,000,paying $43,000 cash and signing a note payable for the balance. * On June 10,the company paid $13,000 of the amount owed for equipment acquired on June 3. Instructions: Journalize these three transactions and post to the ledger accounts.          Journalize and post basic transactions Precision Grading Co.was organized to grade construction sites. * On June 1,owner Dave Precision deposited $90,000 in a new bank account opened in the name of the business in exchange for stock. * On June 3,the company acquired grading equipment costing $89,000,paying $43,000 cash and signing a note payable for the balance. * On June 10,the company paid $13,000 of the amount owed for equipment acquired on June 3. Instructions: Journalize these three transactions and post to the ledger accounts.          Journalize and post basic transactions Precision Grading Co.was organized to grade construction sites. * On June 1,owner Dave Precision deposited $90,000 in a new bank account opened in the name of the business in exchange for stock. * On June 3,the company acquired grading equipment costing $89,000,paying $43,000 cash and signing a note payable for the balance. * On June 10,the company paid $13,000 of the amount owed for equipment acquired on June 3. Instructions: Journalize these three transactions and post to the ledger accounts.


Definitions:

Visual Processing

The interpretation of visual information by the brain to understand and interact with the environment, involving multiple pathways and regions.

Genetically

Pertaining to genes or heredity, often referring to the origin of traits and characteristics.

Temporal Cortex

The temporal cortex is part of the cerebral cortex that is involved in processing auditory information and is critical in the understanding of language, the formation of long-term memory, and emotion.

Neurons Activation

The process by which neurons become active, typically involving the influx of ions to generate an electrical impulse.

Related Questions