Acct1501 - Perdisco (1 Viewer)

[Chris.]

I thought i would make a thread where we could help each other out.

im already stuck on the first few questions.

For the adjusting entry: interest earned but not received in cash,
would the reverse entry be: Dr interest receivable, Cr interest revenue?

For the adjusting entry: interest expense inccured but not paid to the lender,
would the reverse entry be: Dr interest payable, Cr interest expense?

 

[Lavenderpup]

It was dr interest receivable [acts like accounts receivable .'. Asset] cr interest revenue [Owner's equity]
last month, so if you're reversing it to now, wouldn't it be dr interest revenue, cr interest receivable?

and the second one is right.
Now what I don't get is why there's 7 spots to write in the journal entries. :/

 

[Chris.]

ok i dont understand everytime im about to submit my first set of answers it says i havnt answered the question...and leaves like yellow spaces in the debit column of my journal entries.....wtf?

i know lavenderpups answers are correct..

i put debit interest revenue, credit intrest receivable for the reversing entry..and then they say i didnt put a value for debit for interest receivable..wtf?

 

[Lavenderpup]

^ Yes.

That yellow highlighting thing happened to me too for all of the entries in the 2nd line :/ damnit. Continue or not continue.. sigh.

 

[Chris.]

^ Yes.

That yellow highlighting thing happened to me too for all of the entries in the 2nd line :/ damnit. Continue or not continue.. sigh.

do itttttttt!!! then tell me wat happens. ill help u out on the second page lol

 

[Lavenderpup]

Neehh. My friend just did and apparently she got it quite wrong. Of course, not quite sure exactly what she did. Why don't you? lol

 

[Chris.]

can u ask your friend what the corrections were...or maybe she didnt receive any because she left it blank hey? oh well...

wtf? so wats it spose to be then? maybe they have mistaken reverse entries with adjusting entries?

 

[Lavenderpup]

She went offline in pissed off xD
In no way or form would we ever write CR before DR in a row, would we? But then they'd make the other column yellow too wouldn't they?

 

[Chris.]

maybe we just have it completely wrong...
i cant believe no1 has passed the first question with correct answers..

 

[Lavenderpup]

:/ no one at all? damn.

 

[Chris.]

hey can u tell me how to make a sig like yours lavender....the unsw one...im pretty sure u can make others like that right?

 

[Lavenderpup]

Alrighty aye, Hmm. Apparently the yellow highlights do not matter at all so its all good. Technically.

And yes.. they're quite easy to make. Make a gradient, draw with the pen tool an oval shape and make that gradiented too with blending options, paste two UNSW symbols, resize, add a border, add a pattern and then write in pixel font and add a border around the text too.

 

[stephenchow]

Is this due at the end of week 12 or week 13?

And do we need to have started like a week ago or start anytime as long as we finish by the due date?

 

[Lavenderpup]

its due as in the last day to you can do this is the 1st of june. And you could start any time but it'd probably be more better to have at least bought it within 3 weeks.

And yay. Got that first section all correct. Heh.

 

[YBK]

hey can anyone please give me an example of a general ledger... i'm scared i got them all wrong

for example in the general ledger

account number 110

Sales revenue Dr 8676
A/C Control Cr 8676

 

[Chris.]

wooo first page all correct!

 

[YBK]

wooo first page all correct!

lol that's so helpful

 

[Chris.]

hey can anyone please give me an example of a general ledger... i'm scared i got them all wrong

for example in the general ledger

account number 110

Sales revenue Dr 8676
A/C Control Cr 8676

wats A/C control? accounts control?
ummm. post the journal entry for it and ill come back to you

 

[YBK]

wats A/C control? accounts control?
ummm. post the journal entry for it and ill come back to you

oh sorry

i meant accounts recievable control

thanks

 

[idunnoman]

so... can someone post the answers up?? or is it different figures?