$100 payday loan online in South Carolina

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Payday Loan in South Carolina

    Date Transaction Dec 4 First week of inspections. Inspected 3 homes. Charged clients a total of $900. Received payment From all clients at time of inspection. Dec 7 Filled company truck with gasoline – paid cash, $43 Dec 11 Inspected 7 homes this week. Charged clients a total of $2,100. Received payment of $1,500, billed the remainder to clients. Dec 15 Filled company truck with gasoline – paid cash, $43 Dec 18 Inspected 10 homes this week. Charged clients a total of $3,000. Received payment of $2,400, billed the remainder to clients. Dec 18 Paid $350 for office supplies. Dec 22 Purchased additional tools on company credit card, $475. Dec 25 Inspected 6 homes this week. Charged clients a total of $1,800. Received payment of $600, billed the remainder to clients. Dec 28 Paid $500 on company credit card bill. ($100 was interest) Dec 30 Paid truck payment, $250 ($85 was interest). Dec 30 Dan withdrew $2,000 from the business for personal use. Dec 30 Received payment from clients, $1,800. Individually: Post the September, October, and November transactions (from previous task) in the ledger accounts. Journalize the December transactions Post the December transactions in the ledger accounts Prepare a Trial Balance for December. Group Portion: In a 1000-1250 word memo to Dan, discuss the business’s performance for the first year of operation. Has his business been successful so far? Why/why not? What can he do to improve the performance of his business? Use the following chart of accounts. Account Number Account Title 100 Cash 110 Accounts Receivable 120 Prepaid Insurance 130 Office Supplies 140 Books 150 Tools 160 Truck 210 Credit Card Payable 220 Truck Loan Payable 300 Dan Brown, Capital 310 Dan Brown, Drawing 400 Inspection Revenue 610 Training Expense 620 License Expense 630 Advertising Expense 640 Interest Expense 650 Gasoline Expense Click below for templates for the General Journal, General Ledger accounts and Trial Balance. Download Journal, General Ledger accounts and Trial Balance.

    Since we don't know anything about Sept, Oct and Nov transactions, the only part I can do for you is the Dec journals. Dec 4 First week of inspections. Inspected 3 homes. Charged clients a total of $900. Received payment from all clients at time of inspection. Dr Cash $900 Cr Inspection revenue $900 Dec 7 Filled company truck with gasoline – paid cash, $43 Dr Gasoline expense $43 Cr Cash $43 Dec 11 Inspected 7 homes this week. Charged clients a total of $2,100. Received payment of $1,500, billed the remainder to clients. Dr Cash $1,500 Dr Accounts receivable $600 Cr Inspection revenue $2,100 Dec 15 Filled company truck with gasoline – paid cash, $43 Dr Gasoline expense $43 Cr Cash $43 Dec 18 Inspected 10 homes this week. Charged clients a total of $3,000. Received payment of $2,400, billed the remainder to clients. Dr Cash $2,400 Dr South Carolina $600 Cr Inspection revenue $3,000 Dec 18 Paid $350 for office supplies Dr Office supplies $350 Cr Cash $350 Dec 22 Purchased additional tools on company credit card, $475 Dr Tools $475 Cr Credit card payable $475 Dec 25 Inspected 6 homes this week. Charged clients a total of $1,800. Received payment of $600, billed the remainder to clients Dr Cash $600 Dr South Carolina $1,200 Cr Inspection revenue $1,800 Dec 28 Paid $500 on company credit card bill. ($100 was interest) Dr Credit card payable $400 Dr Interest expense $100 Cr Cash $500 Dec 30 Paid truck payment, $250 ($85 was interest) Dr Truck loan payable $165 Dr Interest expense $85 Cr Cash $250 Dec 30 Dan withdrew $2,000 from the business for personal use Dr Dan Brown, drawing $2,000 Cr Cash $2,000 Dec 30 Received payment from clients, $1,800 Dr Cash $1,800 Cr South Carolina $1,800

    WOW! is this your school work? Anyhow--have you understood the journalization part of the accounting? Do you understand the debit/credit concept? Do you understand the chart of accounts? If you don't know the basics, you will have a hard time! We'll,,, you are giving me an idea--tutoring services -- is a good path! This is a long process, if you are interested to know the answer, we can chat! nylefc@yahoo.com Enjoy!

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