Question

Problem 2-2B Preparing and posting Journal entries, preparing a trial balance cз C4 A1 и P2 At the beginning of April, Bernadette Grechus launched a custom computer solutions company called Softworks. The company had the following transactions during April a. Bernadette Grechus invested $65.000 cash, office equipment with a value of 55.750, and $30,000 of computer equipment in the company. b. The company purchased land worth $22,000 for an office by paying $5,000 cash and signing a long. term note payable for $17,000. da portable building with $34,500 cash and moved it onto the land acquired in b. d. The company paid $5,000 cash for the premium on a two-year insurance policy. e. The company provided services to a client and immediately collected $4,600 cash f. The company purchased $4.500 of additional computer equipment by paying $800 cash and signing a long-term note payable for $3,700. 54.250 of services for a client. This amount is to be received within 30 days. h. The company purchased $950 of additional office equipment on credit. 1. The company completed client services for S10.200 on credit. The company received a bill for rent of a computer testing device that was used on a recently com pleted job. The $580 rent cost must be paid within 30 days. k. The company collected 55,100 cash in partial payment from the client described in transaction 1. The company paid $1,800 cash for wages to an assistant. m. The company paid $950 cash to settle the payable created in transaction h. n. The company paid $608 cash for minor maintenance of the company's computer equipment o. B. Grechus withdrew 56,230 cash from the company for personal use. p. The company paid $1.800 cash for wages to an assistant. 4. The company paid $750 cash for advertisements on the web during April

T account

trail balance

financal

Answer 1

We ar $5100 By Insurance Ale SSDOO By Computer All $800 Cash Al Particulars Amount Particulars Amount To Capitai Alc $65000 By Land Alc $5000 TO P&L ALL $4600 By Building Al $34,500 TO Account Receivable ALT By wages ALC $1800 By advertisement $750 By A/C payable Al $950 By Repairs & Maintain Afc $608 By capital AK $6230 By wages Ak $1800 office equipment ATC 17262 $ 7up 700 Articulars Amount Particulars Amount - Capital Al $5,750 By old 6700 - Account Payable $950 $ 74,700 By cho AIC $74,700 Cor $6906 Do 5700

Particulars To cash Amount $ 65,000 men Capital Alc Amount Particulars $6,230 By cash To old squ,520 By office equip $5,750 - By Computer $30,000 $100,750 mon $100,750 Account Receivable Alc Particulars Amount Particulas TO P&LAI $4,250 By cash $5100 TO PER Ale $10,200 By Gold $93.50 $14,450 a $14, 450 Amon

Particular TO Cash Land All Amount Particular $5000 By cld Amount $ 22000 TO Nole Payable 17000 $ 22000 $ 22000 Computer ALL Particular Armount Particular Amount To Capital ALC $30,000 By old 34,500 To cash Al $800 To Note Payable Ale $3700 $34500 $34500 Note Payable Alc Particular in Amount Particular Amount To cld U $90,700 By Land All $17000 By computer ale $ 3,700 Lagoon $ 20,700 $ 20,700 $20,70o

Particulars To Cash Building All Amounty Particulars $34,500/By cld Amount $34,500 $34,500 BNS $34,500 Particulars To cash Insurance All come to Amount Particular Amoun $5000 BY PEL ALC $5000 $ sooo $ 5000

Particulars PELAL 16 Insurance Puriculars Amount By Cash $4600 (Services rendered) By A/c Receivable 414, 450 Amount hsurance all $S100 O wages A/C $3600 116 Repairs & Hainhan $608 To Aderlisement Ac $750 To Rent $580 To Profit 8512 con $19050 $19050

wages AIC Amount Amount Particulars Particulars To cash TO Cash By P&L ALC $3600 All Al $ 1800 $ 1800 $3600 $3600 Particulars To cash To cld $580 Account Payable ATC Amount particulars Amount $950 By office $950 Equipment Ale By Rent Al $580 $1530 $1530 Repairs and Maintainance Ale Amount Particulars Amount $608 By PLAI $608 Pauliculars To cash Ale $608 $608

Particulars To cash Advertisement ATC Amount Particolaus $750 By P&LAI Amount. $750 $750 $750

Amount Particulars Rent AL Amount Particulas $580 By PÅLAI TO Account $580 е не $580 $580

Trail Balance For the Apoil Month Particulars To cashak To office Amount particulars Amount By Capital AL $14,520 $ 17,962 $ 17,962 By Cap Equipment A/L $6700 By Note Payable $2070 Al By Al Payable $580 - AC TO ALC Receivable $950 be To Land All $22000 By P&LAIC $8512 To Computer Ale $34,500 To Building Ale $34,500 $ 129,312 $ 1243) 2