Brief Exercise 3-2 Skysong Repair Shop had the following transactions during the first month of business...
Brief Exercise 3-2
Skysong Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
| Aug. 2 | Invested $11,630 cash and $2,400 of equipment in the business. | |
| 7 | Purchased supplies on account for $490. (Debit asset account.) | |
| 12 | Performed services for clients, for which $1,393 was collected in cash and $736 was billed to the clients. | |
| 15 | Paid August rent $555. | |
| 19 | Counted supplies and determined that only $267 of the supplies purchased on August 7 are still on hand. |
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Date |
Account Titles and Explanation |
Debit |
Credit |
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Aug. 2 |
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Aug. 12 |
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Show List of Accounts |
Homework Answers
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Brief Exercise 3-2
Skysong Repair Shop had the following transactions during the
first month of business...
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Selected transactions for Pharoah Company, an interior decorating firm, in its first month of business, are...
Selected transactions for Pharoah Company, an interior decorating firm, in its first month of business, are as follows. Jan. 2 Invested $ 20,290 cash in the business in exchange for common stock. 3 Purchased used car for $ 11,092 cash for use in the business. 9 Purchased supplies on account for $ 676. 11 Billed customers $ 2,435 for services performed. 16 Paid $ 271 cash for advertising. 20 Received $ 1,055 cash from customers billed on January 11. 23...
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Question 4 View Policies Current Attempt in Progress Culver Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. Of no entry is required se manually Invested $12,590 cash and $2.450 of equipment in the business. 7 Purchased supplies on account for $520. (Debit asset account.) 12 Performed services for clients, for which $1,180 was collected in cash and 5646 was billed to the clients. 15 Paid August rent $589. 19 Counted...
Google 172.18 20.158 San Juan (Puerto #3 Question 2 of 13 - / 7.5 I!! View Policies Current Attempt in Progress Marin Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. (If no entry is required, select "No entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Aug. 2 Invested $11.290 cash and $2,740 of...
Journalize the transactions
Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested $18,000 cash in her business. 1 Hired a secretary-receptionist at a salary of $600 per week payable monthly. 2 Paid office rent for the month $1,200. 3 Purchased dental supplies on account from Dazzle Company $3,300. 10 Performed dental services and billed insurance companies $5,200. 11 Received $1,400 cash advance from Leah...
Selected transactions from the journal of Skysong, Inc. during
its first month of operations are presented here.
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Exercise 2-3 Selected transactions for L. Takemoto, an interior decorating firm, in its first month of business, are as follows. Jan. 2 3 9 11 16 20 23 28 Invested $15,000 cash in the business in exchange for common stock. Purchased used car for $8,200 cash for use in the business. Purchased supplies on account for $500. Billed customers $1,800 for services performed. Paid $200 cash for advertising. Received $780 cash from customers billed on January 11. Paid creditor $300...
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