Paid office rent of $1 500 for the month

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August undefined, 2024

WebDec 6, 2024 · Prepaid rent is an amount for rent which has been paid in advance. A business has an annual office rent of 12,000 and pays the landlord 3 months in advance on the first … WebQuestion: or. 1 Paid rent on office for month, $6,500. 2 Purchased office supplies on account, $2,300. 5 Paid insurance premieres, $6,000. 10 Received cash from clients on …

A company paid $500 for office rent for the month. How does this ...

WebOmer provides the following data of his company Cargowings Pvt. ltd. for the month of December 2024. Following transaction took place during the month: ` Omer further invested in business with cash $5,000, bank $10,000, and Motor Vehicle $8,000 Received a cheque from Mathew in respect of goods sold at invoice price $500 deducting discount of 5%. WebQuestion: or. 1 Paid rent on office for month, $6,500. 2 Purchased office supplies on account, $2,300. 5 Paid insurance premieres, $6,000. 10 Received cash from clients on account, $52,300. 15 Purchased land for a future building site for $200,000, paying $30,000 in cash and giving a note payable for the remainder. 17 Paid creditors on account, $6,450. … kevin the teenager christmas

Office Space for Rent - Pricing & Membership Plans WeWork

WebJune 9 – Paid office rent for the month, P 8,000. Debit - Rent Expense Credit - Cash The payment for rental will increase the balance of the Rent Expense account, so it is to be debited. ... 1, 500 4, Net Pay P 20, Required: Journalize the July transactions in … WebBilled customers for services performed $5,100. Paid employee salaries $1,200. Performed $600 of services in exchange for cash. Paid $1,900 to creditors for accounts payable due. … WebA company rented office space and paid two months' rent in advance for $8,000. Prepare the general journal entry to record this transaction. Tremlin Company paid $825 for the … kevin thew forrester

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Prepaid rent accounting — AccountingTools

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"WebTom pays $1,500 per month for 500 square feet of office space in an executive office park. If Tom's business occupied the office space for the full 12 months last year he could deduct $18,000 for his office rent on line 20b of his Schedule C. ... Last year Elisha paid $3,500 in rent for a small office. " - Paid office rent of $1 500 for the month

Paid office rent of $1 500 for the month

WebJan. 1 Bernick invested cash in the business, $12,000. 2 Paid office rent, $750. 3 Purchased office equipment on account, $1,300. 5 Received cash for services rendered, $950. 8 Paid phone bill, $85. 10 Paid for a magazine subscription (miscellaneous expense), $20. 11 Purchased office supplies on account, $250. 15 Made a payment on account (see Jan. 3 … WebeBook Calculator Financial Statements Diane Bernick opened Bernick's Consulting. Transactions for the month of January and trial balance at January 31 are shown. Jan. 1 Bernick invested cash in the business, $12,000. 2 Paid office rent, $750. 3 Purchased office equipment on account, $1,300. 5 Received cash for services rendered, $950. 8 Paid ...

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WebTotal Rent: $30,000 + $0 + $90,000 = $120,000. Original Lease Period & Rent. Variation of Lease / Supplemental Agreement Stamp Duty Payable (0.4% of the rent for the extended … WebRecelved cash from fees eamed for managing rental property, $19, 500. d. Paid rent on office and equipment for the month, ... Paid automobile expenses for month, $1, 500, and miscellaneous expenses, $800. h. Paid office salaries, \$5,500. i. Determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1, 650. j.

WebPaid rent on office and equipment for the month, $3,000. e. ... (including rental charges) for month, $600, and miscellaneous expenses, $300. h. Paid office salaries, $1,800. i. Determined that the cost of supplies on hand was $700; therefore, the cost of supplies used was $500. j. Withdrew cash for personal use, $1,500. Instructions 1. WebMay 2, 2024 · The adjusting entry will be the same as rent paid in cash. i.e. asset (prepaid asset) is being utilized it will be credited. As now the expense has been incurred, the rent expense account will be debited. EXAMPLE#1: LMN & Co. pays rent for their warehouse by Cheque for next month accounting for $15,000 on 1 st April 2024.

WebDec 6, 2024 · Prepaid rent is an amount for rent which has been paid in advance. A business has an annual office rent of 12,000 and pays the landlord 3 months in advance on the first day of each quarter. On the 1 April it pays the next quarters rent in advance of 3,000 to cover the months of April, May and June. It has a prepaid rent of 3,000. WebStudy with Quizlet and memorize flashcards containing terms like Faith Schultz transferred cash from a personal bank account to an account to be used for the business in exchange …

WebA company rented office space and paid two months' rent in advance for $8,000. Prepare the general journal entry to record this transaction. Tremlin Company paid $825 for the current month's rent and also paid $4,125 in advance for the next five months of rent. Prepare the general journal entry to record this transaction.

WebCommercialGuru.com.sg is Singapore's commercial property expert offering you the best one-stop solution to start your commercial property search as an investor, buyer for own use, or tenant looking to rent commercial space. CommercialGuru.com.sg, features over 7,000 commercial properties for sale and rent with detailed information about each … kevin thew forrester consentsWebDraper Consulting paid $550 cash for monthly office rent. How does this transaction affect the accounting equation? A company paid $877 for office rent for the month. How does … kevin theysWebpayments made in advance, treated as assets until used (prepaid rent, office supplies) ... Paid six months of rent, $4,800. deferred expense. Students also viewed. Accounting 2301 Exam #2. 61 terms. ... How many 500 500 500-page … kevin thew electricWebTom pays $1,500 per month for 500 square feet of office space in an executive office park. If Tom's business occupied the office space for the full 12 months last year he could … kevin the wild turkeyWebMay 1 Stockholders invested $25,000 cash in exchange for common stock. 2 Hired a secretary-receptionist at a salary of $2,000 per month. 3 Purchased $2,500 of supplies on account from Read Supply Company. 7 Paid office rent of $900 cash for the month. 11 Completed a tax assignment and billed client $2,100 for services provided. kevin the wifi is out gifWebMar 13, 2024 · Prepaid Expenses Example. We will look at two examples of prepaid expenses: Example #1. Company A signs a one-year lease on a warehouse for $10,000 a … is jimmy smits hispanicWebFrom private office space to rent to monthly, daily, or hourly workspace, find the right space to support your business’ needs with WeWork. Home; Find a ... Enterprise Registration … is jimmy steve coming back to shameless