Question

11.	June 17: Cash of $9,600 was paid for rent for June, July, August and September. Put the total amount into the Prepaid Rent account.
12.	June 17: Received a bill of $450 from the local newspaper for advertising.
13.	June 21: Billed various miscellaneous local customers $4,100 for consulting services performed.
14.	June 21: A fax machine for the office was purchased for $775 cash.
15.	June 21: Accounts payable in the amount of $400 were paid.
16.	June 22: Paid the advertising bill that was received on June 17.
17.	June 22: Received a bill for $1,190 from Computer Parts and Repair Co. for repairs to the computer equipment.
18.	June 22: Paid salaries of $835 to equipment operators for the week ending June 18.
19.	June 23: Cash in the amount of $3,285 was received on billings.
20.	June 23: Purchased office supplies for $605 on credit. Record the purchase as an increase to the assets.
21.	June 28: Billed $5,490 to miscellaneous customers for services performed to June 25.
22.	June 29: Cash in the amount of $5,201 was received for billings.
23.	June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co.
24.	June 29: Paid salaries of $835 to equipment operators for the week ending June 25.
25.	June 30: Received a bill for the amount of $840 from O & G Oil and Gas Co.
26.	June 30: Paid a cash dividend of $0.17 per share to the three shareholders of Byte. [IMPORTANT NOTE: The number of shares of capital stock outstanding can be determined from the first three transactions.]

Answer 1

11. Prepaid Exp Assets A/c.-------Dr. $9600

To Cash A/c.   $9600

12. Advertising exp A/c.--------------Dr. $450

To Advertising Expenses Payable(Advertising Co.) A/c. $450

13. Account receivable A/c.-----------Dr. $4100

To Service revenue A/c. $4100

14. Fax Machine A/c.----------------Dr. $775

To Cash A/c. $775

15. Accounts payable A/c.------------Dr. $400

To Cash/Bank A/c. $400

16. Advertising Expenses Payable A/c.-------------Dr. $450

To Cash/Bank A/c. $450

17.Repairs & Maintenance A/c.--------------------Dr. $1190

To Computer Parts & repair Payable (Co.) A/c. $1190

18.Salary Exp. A/c.--------------------Dr. $835

To Cash/Bank A/c. $835

(for the week ending June 18).

19. Cash A/c.-----------------Dr. $3285

To Account Receivables A/c. $3285

(Being cash received for providing services).

20. Supplies (Stock) A/c.----------------Dr. $605

To Accounts Payable A/c. $605

21. Account receivable A/c.-----------Dr. $5490

To Service revenue A/c. $5490

22. Cash A/c.-----------------Dr. $5201

To Account Receivables A/c. $5201

(Being cash received for providing services).

23. Computer Parts & repair Payable (Co.) A/c.-----Dr. $1190

To Cash/Bank A/c.   $ 1190

24. Salary Exp. A/c.--------------------Dr. $835

To Cash/Bank A/c. $835

(for the week ending June 25).

25.  O & G Oil and Gas Exp. A/c.-----------Dr. $840

To O & G Oil and Gas Co. A/c $840

26. Dividend A/c.----------Dr $0.17 (per share)

To Dividend Payable A/c. $0.17

Dividend Payable A/c.--------Dr. $0.17

To Cash A/c $0.17

Note: First Three Transactions have not been mentioned so the number of shares ca not be determined. So the entry has been done on per share basis. student is advised to multiply the number of shares with the dividend per share.