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    Sandro Spina Is The President of Tempro Inc A Company PDF

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    Taimour Hassan
    Sandro Spina is the president of TemPro Inc., a company that provides temporary employees to non-profit companies. You have been hired to help analyze transactions from the first two weeks of April, which include expenses like office supplies, advertising, wages, and a computer, as well as revenues from billing customers and cash from issuing new shares. The transactions will need to be recorded through journal entries and their impact on accounts determined.

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    Sandro Spina Is The President of Tempro Inc A Company PDF

    Uploaded by

    Taimour Hassan
    51 views1 page
    Sandro Spina is the president of TemPro Inc., a company that provides temporary employees to non-profit companies. You have been hired to help analyze transactions from the first two weeks of April, which include expenses like office supplies, advertising, wages, and a computer, as well as revenues from billing customers and cash from issuing new shares. The transactions will need to be recorded through journal entries and their impact on accounts determined.

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    Sandro Spina is the president of TemPro Inc., a company that provides temporary employees to non-profit companies. You have been hired to help analyze transactions from the first two weeks of April, which include expenses like office supplies, advertising, wages, and a computer, as well as revenues from billing customers and cash from issuing new shares. The transactions will need to be recorded through journal entries and their impact on accounts determined.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    51 views1 page

    Sandro Spina Is The President of Tempro Inc A Company PDF

    Uploaded by

    Taimour Hassan
    Sandro Spina is the president of TemPro Inc., a company that provides temporary employees to non-profit companies. You have been hired to help analyze transactions from the first two weeks of April, which include expenses like office supplies, advertising, wages, and a computer, as well as revenues from billing customers and cash from issuing new shares. The transactions will need to be recorded through journal entries and their impact on accounts determined.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Sandro Spina is the president of TemPro Inc a company

    #875
    Sandro Spina is the president of TemPro Inc., a company that provides temporary employees
    for not-for- profit companies. TemPro has been operating for five years; its revenues are
    increasing with each passing year. You have been hired to help Sandro in analyzing the
    following transactions for the first two weeks of April: April + Purchased office supplies for $
    2,600 on account. 3 Received the April telephone bill for $ 1,950 to be paid in May. = Billed the
    local United Way $ 23,500 for temporary services provided.8 Paid $ 3,005 for supplies
    purchased and recorded on account last period.8 Placed an advertisement in the local paper for
    $ 1,400 cash.9 Purchased a new computer for the office costing $ 2,300 cash.10 Paid
    employee wages of $ 11,900. Of this amount, $ 3,800 had been earned and recorded in the
    wages payable account in the prior period.11 Received $ 12,500 on account from the local
    United Way office for services provided on April 5.12 Purchased land as the site of a future
    office for $ 50,000. Paid $ 10,000 down and signed a note payable for the balance. The note is
    due in five years and has an annual interest rate of 10 percent.13 Issued 3,000 additional
    shares for cash at $ 45 per share in anticipation of building a new office. 14 Billed Family &
    Children’s Service $ 14,500 for services rendered. Required1. Prepare a journal entry to record
    each of the transactions. Be sure to categorize each account as an asset (A), a liability (L),
    shareholders’ equity (SE), a revenue (R), or an expense (E).2. Complete the tabulation below
    for each of the transactions, indicating the effect (+ for increase and – for decrease) of each
    transaction. The first transaction is provided as an example. (Remember that A = L + SE, R – E
    = NE, and NE affects SE through retained earnings.) Write “N” if there is no effect.
    View Solution:
    Sandro Spina is the president of TemPro Inc a company

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