NLIC.org

Brenda Said:

Listed below are ledger account titles and account balances, as of?

We Answered:

BALANCE SHEET

http://www.creditmanagementworld.com/leg…

Edwin Said:

The accounting cycle? Help please?

We Answered:

Ask your tutor for help. I am sure they would prefer it if you went to them because you do not understand rather than not attempt it at all.

Sorry it is way above me, but good luck

Jamie Said:

Am I paying too much on closing cost?

We Answered:

I think you've posted this in the wrong place - definitely not a UK tax question.

However, the link you are using as a comparison is based on an amount of $125k. As your loan is about 3 times as much as that you can expect some fees, particulary stamp taxes, to be at least 3 times as high. Here in the UK there is no stamp tax up to £125k, 1% between £125k - £250k, and 3% above £250k. If your stamp taxes work in a similar way this should explain the difference.

Jeffrey Said:

accounting?

We Answered:

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 AR $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 AR $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 AR $1,800

Eugene Said:

Accounting analyzing transactions?

We Answered:

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 AR $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 AR $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 AR $1,800

Donald Said:

Accounting Help Needed Please?

We Answered:

That's not one question - that's LOADS of questions and that's maybe why you still don't have any answers.

There are some spreadsheets online that you can download but, sorry, they won't help you with all of the above, just some.

Leon Said:

Medical receptionist or medical assistant?

We Answered:

You are a Medical Assistant. I'm a medical assistant/phlebotomist and I do all of that and then some! Medical assistant basically means you assist a medical professional.