Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 10 Sep 2017 My Price 11.00

Newton Learning Centers

Newton Learning Centers was established on October 20, 2012, to provide educational services. The services provided during the remainder of the month are as follows:
Oct. 21. Issued Invoice No. 1 to J. Dunlop for $60 on account.
22. Issued Invoice No. 2 to K. Todd for $255 on account.
24. Issued Invoice No. 3 to T. Patrick for $55 on account.
25. Provided educational services, $100, to K. Todd in exchange for educational supplies.
27. Issued Invoice No. 4 to F. Mintz for $150 on account.
30. Issued Invoice No. 5 to D. Chase for $135 on account.
30. Issued Invoice No. 6 to K. Todd for $105 on account.
31. Issued Invoice No. 7 to T. Patrick for $70 on account.

Instructions
1. Journalize the transactions for October, using a single-column revenue journal and a two-column general journal. Post to the following customer accounts in the accounts receivable ledger, and insert the balance immediately after recording each entry: D. Chase; J. Dunlop; F. Mintz; T. Patrick; K. Todd.
2. Post the revenue journal and the general journal to the following accounts in the general ledger, inserting the account balances only after the last postings:
12 ……………..Accounts Receivable
13 ……………..Supplies
41 ……………..Fees Earned
3. a. What is the sum of the balances of the accounts in the subsidiary ledger at October 31?
b. What is the balance of the controlling account at October 31?
4. Assume Newton Learning Centers began using a computerized accounting system to record the sales transactions on November 1. What are some of the benefits of the computerized system over the manual system?

Answers

Maurice Tutor
(5)
Status NEW Posted 10 Sep 2017 02:09 PM My Price 11.00

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