Homework Answers
| No | Account titles & Explanation | Debit | Credit |
| 1 | Cash | $14,600 | |
| Common Stock | $14,600 | ||
| 2 | Car | $10,100 | |
| Cash | $10,100 | ||
| 3 | Supplies | $340 | |
| Accounts payable | $340 | ||
| 4 | Accounts Receivable | $5,510 | |
| Service Revenue | $5,510 | ||
| 5 | Advertising Expense | $150 | |
| Cash | $150 | ||
| 6 | Cash | $1,100 | |
| Accounts Receivable | $1,100 | ||
| 7 | Accounts payable | $420 | |
| Cash | $420 | ||
| 8 | Dividends | $470 | |
| Cash | $470 |
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Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 1. 2. 3. 4. 5. 6. 7. 8. Issued stock to investors for $14,600 in cash. Purchased used car for $10,100 cash for use in business. Purchased supplies on account for $340. Billed customers $5.510 for services performed Paid $150 cash for advertising start of the business Received $1,100 cash from customers billed in transaction (4) Paid creditor $420 cash on account....
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows
Exercise 3-7 (Part Level Submission) Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows 1. Issued stock to investors for $14,000 in cash. 2. Purchased used car for $10,100 cash for use in business. 3. Purchased supplies on account for $260. 4. Billed customers $5,010 for services performed. 5. Paid $160 cash for advertising start of the business. 6. Received $1,150 cash from customers billed in transaction (4). 7. Paid creditor $250 cash on account. 8. Paid dividends of $380...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 1. 2. 3. 4. 5. 6. 7. 8. Issued stock to investors for $13,000 in cash. Purchased used car for $10,000 cash for use in business. Purchased supplies on account for $200. Billed customers $3,700 for services performed. Paid $100 cash for advertising start of the business. Received $1,100 cash from customers billed in transaction (4). Paid creditor $150 cash on account....
Question 5 Selected transactions for Front Room, an interior decorator corporation, in its first month of...
Question 5 Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 1. 2. 3. 4. 5. 6. 7. 8. Issued stock to investors for $16,500 in cash. Purchased used car for $10,200 cash for use in business. Purchased supplies on account for $250. Billed customers $3,790 for services performed. Paid $130 cash for advertising start of the business. Received $1,770 cash from customers billed in transaction (4). Paid creditor $220 cash...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 1. Issued stock to investors for $15,100 in cash. 2. Purchased used car for $10,000 cash for use in business. 3. Purchased supplies on account for $360. 4. Billed customers $3,720 for services performed. 5. Paid $130 cash for advertising start of the business. 6. Received $1,920 cash from customers billed in transaction (4). 7. Paid creditor $200 cash on account. 8....
Question homework IDIC Question 5 Selected transactions for Front Room, an interior decorator corporation, in its...
Question homework
IDIC Question 5 Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 1. 2. 3. 4. 5. 6. 7. 8. Issued stock to investors for $17,000 in cash. Purchased used car for $10,000 cash for use in business. Purchased supplies on account for $340. Billed customers $4,620 for services performed. Paid $140 cash for advertising start of the business. Received $1,460 cash from customers billed in transaction (4). Paid...
Selected transactions for M. Sheffield, an interior decorator, in her first month of business, are as...
Selected transactions for M. Sheffield, an interior decorator, in her first month of business, are as follows. Jan. 2 Invested $14,100 cash in business. 3. Purchased used car for $4,230 cash for use in business 9 Purchased supplies on account for $705. 11 Billed customers $3,384 for services performed. Paid $494 cash for advertising. 20 Received $987 cash from customers billed on January 11. 23 Paid creditor $423 cash on balance owed. 28 Withdrew $1,410 cash for personal use by...
Need the transactions journalized gnment CALCULATOR PRINTER VERSION BACK NEXT Exercise 2-03 Selected transactions for M....
Need the transactions journalized
gnment CALCULATOR PRINTER VERSION BACK NEXT Exercise 2-03 Selected transactions for M. Acosta, an Interior decorator, in her first month of business, are as follows. Jan. 2 Invested $10,000 cash in business. 3 Purchased used car for $3,000 cash for use in business. 9 Purchased supplies on account for $600. 11 Billed customers $2,400 for services performed 16 Paid $350 cash for advertising 20 Received $900 cash from customers billed on January 11. 23 Paid creditor...
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...
Selected transactions for Sunland Company, an interior decorating firm, in its first month of business, are...
Selected transactions for Sunland Company, an interior decorating firm, in its first month of business, are as follows. Jan. 2. 3 9 11 Stockholders invested $18,337 cash in the business in exchange for common stock. Purchased used car for $10,024 cash for use in the business. Purchased supplies on account for $611. Billed customers $2,200 for services performed. Paid $244 cash for advertising, Received $954 cash from customers billed on January 11. Paid creditor $367 cash on balance owed. Declared...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 1. 2. 3. 4. 5. 6. 7. 8. Issued stock to investors for $14,600 in cash. Purchased used car for $10,100 cash for use in business. Purchased supplies on account for $340. Billed customers $5.510 for services performed Paid $150 cash for advertising start of the business Received $1,100 cash from customers billed in transaction (4) Paid creditor $420 cash on account....
Exercise 3-7 (Part Level Submission) Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows 1. Issued stock to investors for $14,000 in cash. 2. Purchased used car for $10,100 cash for use in business. 3. Purchased supplies on account for $260. 4. Billed customers $5,010 for services performed. 5. Paid $160 cash for advertising start of the business. 6. Received $1,150 cash from customers billed in transaction (4). 7. Paid creditor $250 cash on account. 8. Paid dividends of $380...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 1. 2. 3. 4. 5. 6. 7. 8. Issued stock to investors for $13,000 in cash. Purchased used car for $10,000 cash for use in business. Purchased supplies on account for $200. Billed customers $3,700 for services performed. Paid $100 cash for advertising start of the business. Received $1,100 cash from customers billed in transaction (4). Paid creditor $150 cash on account....
Question 5 Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 1. 2. 3. 4. 5. 6. 7. 8. Issued stock to investors for $16,500 in cash. Purchased used car for $10,200 cash for use in business. Purchased supplies on account for $250. Billed customers $3,790 for services performed. Paid $130 cash for advertising start of the business. Received $1,770 cash from customers billed in transaction (4). Paid creditor $220 cash...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 1. Issued stock to investors for $15,100 in cash. 2. Purchased used car for $10,000 cash for use in business. 3. Purchased supplies on account for $360. 4. Billed customers $3,720 for services performed. 5. Paid $130 cash for advertising start of the business. 6. Received $1,920 cash from customers billed in transaction (4). 7. Paid creditor $200 cash on account. 8....
Question homework
IDIC Question 5 Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 1. 2. 3. 4. 5. 6. 7. 8. Issued stock to investors for $17,000 in cash. Purchased used car for $10,000 cash for use in business. Purchased supplies on account for $340. Billed customers $4,620 for services performed. Paid $140 cash for advertising start of the business. Received $1,460 cash from customers billed in transaction (4). Paid...
Selected transactions for M. Sheffield, an interior decorator, in her first month of business, are as follows. Jan. 2 Invested $14,100 cash in business. 3. Purchased used car for $4,230 cash for use in business 9 Purchased supplies on account for $705. 11 Billed customers $3,384 for services performed. Paid $494 cash for advertising. 20 Received $987 cash from customers billed on January 11. 23 Paid creditor $423 cash on balance owed. 28 Withdrew $1,410 cash for personal use by...
Need the transactions journalized
gnment CALCULATOR PRINTER VERSION BACK NEXT Exercise 2-03 Selected transactions for M. Acosta, an Interior decorator, in her first month of business, are as follows. Jan. 2 Invested $10,000 cash in business. 3 Purchased used car for $3,000 cash for use in business. 9 Purchased supplies on account for $600. 11 Billed customers $2,400 for services performed 16 Paid $350 cash for advertising 20 Received $900 cash from customers billed on January 11. 23 Paid creditor...
Selected transactions for Sunland Company, an interior decorating firm, in its first month of business, are as follows. Jan. 2. 3 9 11 Stockholders invested $18,337 cash in the business in exchange for common stock. Purchased used car for $10,024 cash for use in the business. Purchased supplies on account for $611. Billed customers $2,200 for services performed. Paid $244 cash for advertising, Received $954 cash from customers billed on January 11. Paid creditor $367 cash on balance owed. Declared...
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