Question

The following transactions occurred for Warren Technology Solutions 

May 1: The business received cash of $105,000 and issued common stock to Zachary Warren. 

Answer 1

solution:

Date	Particulars	Debit	Credit
May-01	Cash	105,000
	Common Stock		105,000
May-02	Office Supplies	750
	Accounts Payable		750
May-04	Building	40,000
	Land	12,000
	Cash		52,000
May-06	Cash	2,900
	Service Revenue		2,900
May-09	Accounts Payable	600
	Cash		600
May-17	Accounts Receivable	2,000
	Service Revenue		2,000
May-19	Rent expense	1,100
	Cash		1,100
May-20	Cash
	Unearned revenue		1,600
May-21	Prepaid Advertising
	Cash		100