The following transactions occurred for Wilke Technology Solutions:
May 1: The business received cash of $105,000 and issued common stock to Zoe Wilke
Amount in $ | |||
Date | Accounts and Explanation | Debit | Credit |
May-01 | Cash | 105000 | |
Common Stock | 105000 | ||
Increase in cash is assest and increase in common stock is shareholder fund. | |||
May-02 | Office Supplies | 550 | |
Accounts Payable | 550 | ||
Increase in office supplies is Expense and Increase in Accounts Payable is Liability | |||
May-04 | Land | 12000 | |
Building | 45000 | ||
cash | 57000 | ||
Increase in Land & Building is Fixed Assest And decrease in Cash is decrease in assest | |||
May-06 | Cash | 3600 | |
Service Revenue | 3600 | ||
Perfromed service for Customers for cash is Increase in revenue and cash. | |||
May-09 | Accounts Payable | 350 | |
Cash | 350 | ||
Paid to Accounts payable is decrease in cash And also decrease in Liability. | |||
May-17 | Accounts Receivable | 3500 | |
Service Revenue | 3500 | ||
Perfromed service for Customers on credit is Increase in revenue and also increase in Accounts receivable. | |||
May-19 | Rent Expense | 1200 | |
Cash | 1200 | ||
Paid rent expense is Increase in rent (expense) and also decrease in cash(assest). | |||
May-20 | Cash | 1500 | |
Unearned Revenue | 1500 | ||
Received from customers for services in advance is increase in cash and also increase | |||
in unearned revenue (i.e. liability). | |||
May-21 | Prepaid Advertising | 900 | |
Cash | 900 | ||
Paid for advertising in for next month is increase in prepaid advertising(asses) and also | |||
decrease in cash (assest). | |||
May-23 | Cash | ||
Accounts Receivable | 3100 | ||
3100 | |||
Received from Customer is increase in cash(aasest) and also decrase in accounts receivable(assest) | |||
May-31 | Salaries Expense | 1700 | |
Cash | 1700 | ||
Paid salaries is increase in salaries expense(expense) and decrease in cash(assest). |
May 1: The business received cash of $105,000 and issued common stock to Zoe Wilke
The following transactions occurred for Wilke Technology Solutions: May 1: The business received cash of $86,000 and issued common stock to Adam Wilke.
The following transactions occurred for Warren Technology Solutions May 1: The business received cash of $105,000 and issued common stock to Zachary Warren.
5 E2-18 (similar to) The following transactions occurred for Wilke Technology Solutions: (Click the icon to view the transactions.) Read the requirement.(Record debits first, then credits. Select the explanation on the last line of the journal entry table.) ork z Test May 1: The business received cash of $105,000 and issued common stock to Zachary Wilke. Date Accounts and Explanation Debit May 1 Credit ansactions.) debit More Info cash a Accou May 1 The business received cash of $105,000 and...
E2-18 Analyzing and journalizing transactions Learning Objective 3 Journalize the transactions of Wilke Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Advertising; Land; Building; Accounts Payable; Unearned Revenue; Common Stock; Service Revenue; Rent Expense; and Salaries Expense. The following transactions occurred for Wilke Technology Solutions: May 1 The business received cash of $105,000 and issued common stock to Zoe Wilke. 2 Purchased office supplies on account, $550. 4 Paid...
rest Jan. 1: The business received $38,000 cash and issued common stock to Smith. Date Accounts and Explanation Jan. 1 Debit Credit eived * More Info Jan. 1 The business received $38,000 cash and issued common stock to Smith. 2 Purchased medical supplies on account, $19,000. 4 Performed services for patients receiving $1,400. 12 Paid monthly office rent of $2,700. 15 Recorded $7,000 revenue for services rendered to patients on account. Print Done
Q4. You are given the following transactions for May, 2018: a. The business received cash $ 75,000 & issued common stock. b. Purchased supplies of $ 500 on account. C Performed service for the customer and received cash $ 2600. d. Paid $ 400 on accounts payable. e Performed service for the customer on account. f. Received $ 1900 cash on account from a customer. g. Paid the following expenses: salary $ 1100, rent $ 900. Journalize the above transactions.
Q4. You are given the following transactions for May, 2018: a. The business received cash $ 75,000 & issued common stock. b. Purchased supplies of $ 500 on account. c Performed service for the customer and received cash $ 2600. d. Paid $ 400 on accounts payable. e Performed service for the customer on account. f. Received $ 1900 cash on account from a customer. g. Paid the following expenses: salary $ 1100, rent $ 900. Journalize the above transactions.
debit/ credit table More Info Nov. 1 The business received $10,000 cash and issued common stock. 15 Purchased office supplies on account, $400. 18 Paid advertising bill, $150. 20 Received $1,000 from customers for services rendered. 28 Cash dividends of $500 were paid to stockholders. Print Done
Exercise 16-16 On January 1, 2021, Wilke Corp. had 480,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 120,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 100,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 60,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2021. The weighted-average number of shares outstanding Assume that Wilke Corp. earned net income of...
QUESTION 6 May 23 Cash 22,000 Common Stock Issued common stock for cash. 22.000 This journal entry will a. increase Common Stock and decrease Cash b. decrease Cash and decrease Common Stock c. increase Cash and increase Common Stock d. increase Cash and decrease Common Stock QUESTION 7 If the abilities owed by a business total $300,000 and stockholders equity is equal to $300,000, then the True False .00