0% Plagiarism Guaranteed & Custom Written

Record transactions and adjustments Use the horizontal model, or write the journal entry,

18 / 01 / 2019 Research Papers

This paper circulates around the core theme of Record transactions and adjustments Use the horizontal model, or write the journal entry, together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

Record transactions and adjustments Use the horizontal model, or write the journal entry, for… 1 answer below » Record transactions and adjustments Use the horizontal model, or write the journal entry, for each of the following transactions and adjustments that occurred during the first year of operations at Kissick Co. a. Issued 200,000 shares of $5-par-value common stock for $1,000,000 in cash. b. Borrowed $500,000 from Oglesby National Bank and signed a 12% note due in two years. c. Incurred and paid $380,000 in salaries for the year. d. Purchased $640,000 of View complete question » Record transactions and adjustments Use the horizontal model, or write the journal entry, for each of the following transactions and adjustments that occurred during the first year of operations at Kissick Co. a. Issued 200,000 shares of $5-par-value common stock for $1,000,000 in cash. b. Borrowed $500,000 from Oglesby National Bank and signed a 12% note due in two years. c. Incurred and paid $380,000 in salaries for the year. d. Purchased $640,000 of merchandise inventory on account during the year. e. Sold inventory costing $580,000 for a total of $910,000, all on credit. f. Paid rent of $110,000 on the sales facilities during the first 11 months of the year. g. Purchased $150,000 of store equipment, paying $50,000 in cash and agreeing to pay the difference within 90 days. h. Paid the entire $100,000 owed for store equipment, and $620,000 of the amount due to suppliers for credit purchases previously recorded. i. Incurred and paid utilities expense of $36,000 during the year. j. Collected $825,000 in cash from customers during the year for credit sales pre- viously recorded. k. At year-end, accrued $60,000 of interest on the note due to Oglesby National Bank. l. At year-end, accrued $10,000 of past-due December rent on the sales facilities. View less » Dec 04 2015 02:57 PM


100% Plagiarism Free & Custom Written


International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

Company # 11483120

STILL NOT CONVINCED?

We've produced some samples of what you can expect from our Academic Writing Service - these are created by our writers to show you the kind of high-quality work you'll receive. Take a look for yourself!

View Our Samples

Benefits You Get

  • Free Turnitin Report
  • Unlimited Revisions
  • Installment Plan
  • 24/7 Customer Support
  • Plagiarism Free Guarantee
  • 100% Confidentiality
  • 100% Satisfaction Guarantee
  • 100% Money-Back Guarantee
  • On-Time Delivery Guarantee
FLAT 25% OFF ON EVERY ORDER. Use "FLAT25" as your promo code during checkout