-
create a Trial balance and Ledger
During its first month of operation, the Bethany's Bicycle Corporation, which specializes in bicycle repairs, completed the following transactions. Date March 1 March 1 March 1 March 3 March Transactions Transaction Description Began business by making a deposit in a company bank! account of $20,000, in exchange for 2,000 shares of $10 par value common stock. Paid the premium on a 1-year insurance policy. $2,400. Paid the current month's store rent expense, $1,900. Purchased...
-
please create a Trial balance and Ledger with all the steps thank
you
please create a Ledger and trial balance bases on the info
Close 2/3 Media During its month of operation the During its first month of operation, the Bethany's Bicycle Corporation, which specializes in bicycle repairs, completed the following transaction Date March March 1 March 3 March Transactions Transaction Description Began business by making a deposit in a company bank Account of $20.000. In exchange for 2.000 shares...
-
During its first month of operation, the Leonard
Landscaping Company, which, specializes in landscaping services,
completed the following transactions.
April Transactions
Date
Transaction Description
April 1
Started a landscaping business by making a $50,000 deposit in a
company bank account, in exchange for 5,000 shares of $10 par value
common stock.
April 1
Purchased insurance for the year and paid $3,600 cash.
April 1
Paid monthly rental of $2,500 cash on a warehouse to store the
landscaping equipment.
April 3...
-
Can you help me finish these chats?
A1 А E F G H B D Use the following account descriptions for journal entries. Chart OT ACCOUNTS Account Account Title Normal Balance Account Type Assets 111 117 119 144 145 Cash Prepaid Insurance Repair Supplies Repair Equipment Accum Dep-Repair Equipment Debit Debit Debit Debit Credit Review Chapter 2, p. 90 for more information on the Chart of Accounts Liabilities 212 213 Accounts Payable Income Tax Payable Credit Credit Stockholders Equity 1...
-
everC Construction began operations in March and completed the following transactions during that first month of operations. SeverCo's stockholders invested $30,000 cash in the company The company purchased $25,000 in construction equipment. It paid $5,000 in cash and signed a note payable promising to pay the $20,000 over the next three years. The company rented office space and paid $1,000 cash for the March rent. The company bought office supplies in the amount of $750 for use over the next...
-
10) Repairs Co. began business on March 1. During their first month of operations, Repairs had the following transactions. March 1 Received $28,000 of cash and issued common stock to shareholders. March 5 Paid advertising expense of $1,000 in cash. March 9 Purchased land for cash of $11,500 and a $33,000 loan. March 10 Purchased $1,700 of supplies on account. March 19 Paid $800 on account. (ie, paid off accounts payable of $800) March 22 Borrowed $18,500 from the local...
-
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company. 2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. 3 The company purchased $1,000 of office supplies for cash. 10 The company paid $2,400 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid...
-
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company’s first month. April1Nozomi invested $46,000 cash and computer equipment worth $25,000 in the company in exchange for common stock.2The company rented furnished office space by paying $2,800 cash for the first month’s (April) rent.3The company purchased $1,000 of office supplies for cash.10The company paid $2,200 cash for the premium on a 12-month insurance policy. Coverage begins on April 11.14The company paid $1,100...
-
During the first month of operations (August 2018), Starr Music
ServicesCorporation completed the following selected
transactions:
a.
The business received cash of
$54,000
and a building with a fair value of
$105,000.
The corporation issued common stock to the stockholders.
b.
Borrowed
$63,000
from the bank; signed a note payable.
c.
Paid
$37,000
for music equipment.
d.
Purchased supplies on account,
$270.
e.
Paid employees' salaries,
$5,900.
f.
Received
$4,200
for music services performed for customers.
g.
Performed services for...
-
1. a) Selected transactions for Garver Company during its first month in business are presented below. On the form provided on the following page, journalize these transactions. Omit explanations. Indicate "No entry" if appropriate. A chart of accounts is provided below: (5 points) Cash Office Supplies Accounts Receivable Prepaid Rent Prepaid Insurance Office Equipment Accounts Payable Notes Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Insurance Expense Sept. 1 Jo Garver invested $25,000...
create a Trial balance and Ledger
During its first month of operation, the Bethany's Bicycle Corporation, which specializes in bicycle repairs, completed the following transactions. Date March 1 March 1 March 1 March 3 March Transactions Transaction Description Began business by making a deposit in a company bank! account of $20,000, in exchange for 2,000 shares of $10 par value common stock. Paid the premium on a 1-year insurance policy. $2,400. Paid the current month's store rent expense, $1,900. Purchased...
please create a Trial balance and Ledger with all the steps thank
you
please create a Ledger and trial balance bases on the info
Close 2/3 Media During its month of operation the During its first month of operation, the Bethany's Bicycle Corporation, which specializes in bicycle repairs, completed the following transaction Date March March 1 March 3 March Transactions Transaction Description Began business by making a deposit in a company bank Account of $20.000. In exchange for 2.000 shares...
Can you help me finish these chats?
A1 А E F G H B D Use the following account descriptions for journal entries. Chart OT ACCOUNTS Account Account Title Normal Balance Account Type Assets 111 117 119 144 145 Cash Prepaid Insurance Repair Supplies Repair Equipment Accum Dep-Repair Equipment Debit Debit Debit Debit Credit Review Chapter 2, p. 90 for more information on the Chart of Accounts Liabilities 212 213 Accounts Payable Income Tax Payable Credit Credit Stockholders Equity 1...
everC Construction began operations in March and completed the following transactions during that first month of operations. SeverCo's stockholders invested $30,000 cash in the company The company purchased $25,000 in construction equipment. It paid $5,000 in cash and signed a note payable promising to pay the $20,000 over the next three years. The company rented office space and paid $1,000 cash for the March rent. The company bought office supplies in the amount of $750 for use over the next...
10) Repairs Co. began business on March 1. During their first month of operations, Repairs had the following transactions. March 1 Received $28,000 of cash and issued common stock to shareholders. March 5 Paid advertising expense of $1,000 in cash. March 9 Purchased land for cash of $11,500 and a $33,000 loan. March 10 Purchased $1,700 of supplies on account. March 19 Paid $800 on account. (ie, paid off accounts payable of $800) March 22 Borrowed $18,500 from the local...
1. a) Selected transactions for Garver Company during its first month in business are presented below. On the form provided on the following page, journalize these transactions. Omit explanations. Indicate "No entry" if appropriate. A chart of accounts is provided below: (5 points) Cash Office Supplies Accounts Receivable Prepaid Rent Prepaid Insurance Office Equipment Accounts Payable Notes Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Insurance Expense Sept. 1 Jo Garver invested $25,000...