Ans.
Transaction | Accounts Title and Explanation | Debit | Credit |
c | Building (170) | $ 52,000.00 | |
Cash (101) | $ 52,000.00 | ||
[To record the purchase of portable building to be moved to newly purchased land] |
Building is debited as asset purchased and
Cash is credited as cash is paid to purchase building.
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required...
Required 1 Required 2 Required 3 Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Prepaid Insurance (108), Office Equipment (163); Drafting Equipment (164), Building (170), Land (172), Accounts Payable (201), Notes Payable (250); J. Aracel, Capital (301): J. Aracel, Withdrawals (302), Engineering Fees Earned (402), Wages Expense (601), Equipment Rental Expense (602): Advertising Expense (603), and Repairs Expense (604). Show less View transaction list Journal entry worksheet ..... 7 8 9...
Required 1 Required 2 Required 3 Prepare general journal entries to record these transactions using the following titles: Cash (101): Accounts Receivable (106): Prepaid Insurance (108), Office Equipment (163)Drafting Equipment (164), Building (170) Land (172): Accounts Payable (201), Notes Payable (250) 3. Aracel, Capital (301):). Aracel, Withdrawals (302), Engineering Fees Earned (402), Wages Expense (601): Equipment Rental Expense (602); Advertising Expense (603), and Repairs Expense (604). Show less OTAS View transaction list Journal entry worksheet 1 2 3 4 5...
Required 1 Required 2 Required 3 Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106): Prepaid Insurance (108), Office Equipment (163). Drafting Equipment (164); Building (170); Land (172)Accounts Payable (201); Notes Payable (250). ). Aracel, Capital (301) 3. Aracel, Withdrawals (302), Engineering Fees Earned (402) Wages Expense (601): Equipment Rental Expense (602); Advertising Expense (603), and Repairs Expense (604). Show less View transaction list Journal entry worksheet 3 4 5 6 7...
o Required 1 Required 2 Required 3 Prepare general journal entries to record these transactions using the following titles! Cash (101); Accounts Receivable (106); Prepaid Insurance (108): Office Equipment (163). Drafting Equipment (164), Building (170), Land (172): Accounts Payable (201): Notes Payable (250): J. Aracel, Capital (301): 1. Aracel. Withdrawals (302), Engineering Fees Earned (402); Wages Expense (601): Equipment Rental Expense (602): Advertising Expense (603), and Repairs Expense (604). Show less View transaction list Journal entry worksheet 2 3 4...
Aracel Engineering completed the following transactions in the month of June. Jenna Aracel, the owner, invested $155,000 cash, office equipment with a value of $7,100, and $73,000 of drafting equipment to launch the company. The company purchased land worth $55,000 for an office by paying $7,500 cash and signing a long-term note payable for $47,500. The company purchased a portable building with $55,000 cash and moved it onto the land acquired in b. The company paid $2,800 cash for the...
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Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $165,000 cash, office equipment with a value of $5,200, and $75,000 of drafting equipment to launch the company. b. The company purchased land worth $50,000 for an office by paying $8,500 cash and signing a long-term note payable for $41,500. c. The company purchased a portable building with $53,000 cash and moved it onto the land acquired in b. d. The company paid...
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