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Vigeland Company

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Vigeland Company

      

Vigeland Company comleted the following transaction during 2014. The annual accounting period ends December 31,2014.

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Vigeland Company

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xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

15-Jan

xxxxxxxx

xx

xxxxx

        xxxx

Cr

14400

( To record purchase xx inventory)

1-Apr

Cash

Dr

xxxxxx

        xxxxx xxxxxxx

xx

xxxxxx

x xx xxxxxx notes issued x 12%)

14-Jun

xxxx

Dr

xxxxx

       Customer xxxxxxx

Cr

35000

x xx record xxxxxxx xxxxxxxx for services)

15-Jul

xxxxxxxx xxxxxxx

xx

2750

         Service xxxxxxx

Cr

2750

x To record service xxxxxxxx xxxxxxx deposit xxxxxxxxx

xxxxxx

xxxxxxxxxxx expenses

xx

xxxxx

            xxxxxxxx payable

Cr

27660

( xx xxxxxx electricty xxxxxxx accrued)

31-Dec

Wages xxxxxxxx

xx

xxxxx

            xxxxx payable

xx

xxxxx

( xx record wages xxxxxxxx

xxxxxxxxx xxxxxxx

31-Dec

Inventory

Dr

xxxxx

             xxxxxxxxx

Cr

14400

x To record xxxxxxxx to xxxxxxxxxx

xxxxxx

xxxxxxxx xxxxxxxx

Dr

xxxxx

( xxxxxx * 12%/12*9)

xxxxx xxxxxxx

Dr

xxxxxx

               Cash

xx

xxxxxx

x To record xxxxxxx of notes xxxxxxx with interest xxxxx 9 xxxxxxx

About this Question

STATUS

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CATEGORY

Accounting

EXPERT

Professor Ted

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