Journal | ||||
Date | Description | Ref | Dr. Amount (Rs.) | Cr. Amount (Rs.) |
Oct-01 | Cash A/c | 101 | 50000 | |
Computer system A/c | 167 | 21000 | ||
Office Eqipment | 163 | 9000 | ||
S.Rey Capital | 301 | 80000 | ||
2 | Prepaid Rent | 131 | 3280 | |
Cash | 101 | 3280 | ||
3 | Computer Supplies | 126 | 1400 | |
Accounts Payable | 201 | 1400 | ||
5 | Prepaid insurance | 128 | 2200 | |
Cash | 101 | 2200 | ||
6 | Accounts Receivable | 106 | 5100 | |
Coputer Service Revenue | 403 | 5100 | ||
8 | Accounts Payable | 201 | 1400 | |
Cash | 101 | 1400 | ||
10 | No entry Required in Journal | |||
12 | Accounts Receivable | 106 | 1800 | |
Computer Service Revenue | 403 | 1800 | ||
15 | Cash | 101 | 5100 | |
Accounts Receivable | 106 | 5100 | ||
17 | Repair Expenses-Computer | 684 | 800 | |
Cash | 101 | 800 | ||
20 | Advertising Expenses | 655 | 1683 | |
Cash | 101 | 1683 | ||
22 | Cash | 101 | 1800 | |
Accounts Receivable | 106 | 1800 | ||
28 | Accounts Rececivable | 103 | 5300 | |
Computer Service Revenue | 403 | 5300 | ||
31 | Wages Expenses | 623 | 770 | |
Cash | 101 | 770 | ||
31 | S.Rey Withdrawls | 302 | 3100 | |
Cash | 101 | 3100 | ||
Nov-01 | Mileage Expenses | 676 | 270 | |
Cash | 101 | 270 | ||
2 | Cash | 101 | 5033 | |
Computer Service Revenue | 403 | 5033 | ||
5 | Coputer Supplies | 126 | 1075 | |
Cash | 101 | 1075 | ||
8 | Accounts Receivable | 106 | 6068 | |
Computer Service Revenue | 403 | 6068 | ||
13 | No enry required because | |||
No work is performed yet | ||||
18 | Cash | 101 | 2508 | |
Accounts Recevable | 106 | 2508 | ||
22 | Miscellaneoua Expenses | 677 | 230 | |
Cash | 101 | 230 | ||
24 | Accounts Receivable | 106 | 4950 | |
Computer Service Revenue | 403 | 4950 | ||
25 | No entry required | |||
28 | Millege Expenses | 676 | 324 | |
Cash | 101 | 324 | ||
30 | Wages Expenses | 623 | 1540 | |
Cash | 101 | 1540 | ||
30 | S.Rey Withdrawls | 302 | 1500 | |
Cash | 101 | 1500 |
Mccount Cash recounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent office Equipment Computer Equipment Accounts Payable...
Oct. S. Rey invested $52,000 cash, a $23,000 computer system, and $8,000 of office equipment in the company. 2 The company paid $3,280 cash for four months' rent. (Hint: Debit Prepaid Rent for $3,280.) 3 The company purchased $1,390 of computer supplies on credit from Harris Office Products 5 The company paid $1,800 cash for one year's premium on a property and liability insurance policy. (Hint: Debit Prepaid Insurance for $1,800.) 6 The company billed Easy Leasing $5,400 for services...
Saved H On October 1, 2020, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. The company's initial chart of accounts follows. NO. Account Cash Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent Office Equipment Computer Equipment Accounts Payable No. Account 101 Common Stock 106 Dividends 126 Computer Services Revenue 128 Wages Expense 131 Advertising Expense 163 Mileage Expense 167 Miscellaneous Expenses 201 Repairs Expense-Computer 307 319 403...
On October 1, 2019, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. Rey adopts the calendar year for reporting purposes and expects to prepare the company's first set of financial statements on December 31, 2019. The company's initial chart of accounts follows NO. Account Cash Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent office Equipment Computer Equipment Accounts Payable No. Account 101 Common Stock 106 Dividends 126...
On October 1, 2018, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. Rey adopts the calendar year for reporting purposes and expects to prepare the company's first set of financial statements on December 31, 2018. The company's initial chart of accounts follows. No. No. 307 Account Cash Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent Office Equipment Computer Equipment Accounts Payable Account 101 Common Stock 106 Dividends...
On October 1, 2019, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. Rey adopts the calendar year for reporting purposes and expects to prepare the company’s first set of financial statements on December 31, 2019. The company’s initial chart of accounts follows. Account No. Account No. Cash 101 Common Stock 307 Accounts Receivable 106 Dividends 319 Computer Supplies 126 Computer Services Revenue 403 Prepaid Insurance 128 Wages...
On October 1, 2018, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. Rey adopts the calendar year for reporting purposes and expects to prepare the company’s first set of financial statements on December 31, 2018. The company’s initial chart of accounts follows. Account No. Account No. Cash 101 Common Stock 307 Accounts Receivable 106 Dividends 319 Computer Supplies 126 Computer Services Revenue 403 Prepaid Insurance 128 Wages...
Need help in this Question, will appreciate your kind response, thank you On September 1, 2015, Elizbeth tunner launched a computer services company called Computer Solutions, which provides consulting services, computer system installations, and custom program development. Tunner adopts the calendar year for reporting purposes and expects to prepare the company's first set of financial statements on December 31, 2015. Sept. 1 E. Tunner invested $45,000 cash, a $20,000 computer system, and $8,000 of office equipment in the company. 2...
On October 1, 2017, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. Rey adopts the calendar year for reporting purposes and expects to prepare the company's first set of financial statements on December 31, 2017. The company's initial chart of accounts follows Account Cash Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent ortice Equipment Computer Equipment Accounts Payable No. Account 101 Connon Stock 106 Dividends 126 Computer...
On October 1, 2011, Santana Rey launched a computer services company, Business Solutions, that is organized as a corporation and provides consulting services, computer system installations, and custom program development. Rey adopts the calendar year for reporting purposes and expects to prepare the company's first set of financial statements on December 31, 2011. Oct. 1 S. Rey invested $54,000 cash, a $23,000 computer system, and $12,000 of office equipment in the company in exchange for its common stock. 3 The...
On October 1, 2019, Santana Rey launched a computer services company. Business Solutions, that is organized as a corporation and provides consulting services, computer system installations, and custom program development. Oct. 1 5. Rey invested $47,000 cash, a $21,000 computer system, and $9,000 of office equipment in the company in exchange for its common stock 3 The company purchased $1,330 of computer supplies on credit from Harris Office Products. 6 The company billed Easy Leasing $5,000 for services performed in...