PART 2.Angela Duffy, opens her own law office on July, 1 2018. During the first month of operations, the following transactions occurred.
PART 2.Angela Duffy, opens her own law office on July, 1 2018. During the first month of operations, the following transactions occurred.
1. Invested BHD10,000 in cash in the law practice.
2. Paid BHD800 for July rent on office space.
3. Purchased office equipment on account BHD3,000.
4. Provided legal services to clients for cash BHD1,500.
5. Borrowed BHD700 cash from a bank on a note payable.
6. Performed legal services for a client on account BHD2,000.
7. Paid monthly expenses: salaries BHD500, utilities BHD300, and telephone BHD100. Instructions
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PART 2.Angela Duffy, opens her own law office on July, 1 2018. During the first month of operations, the following transactions occurred.
PART 2.Angela Duffy, opens her own law office on July, 1 2018. During the first month...
PART 2.Angela Duffy, opens her own law office on July, 1 2018. During the first month of operations, the following transactions occurred. 1. Invested BHD10,000 in cash in the law practice. 2. Paid BHD800 for July rent on office space. 3. Purchased office equipment on account BHD3,000. 4. Provided legal services to clients for cash BHD1,500. 5. Borrowed BHD700 cash from a bank on a note payable. 6. Performed legal services for a client on account BHD2,000. 7. Paid monthly...
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Legal Service Inc. was incorporated on July 1 2, 2017. During the first month of operations, the following transactions occurred. Stockholders invested $10,000 in cash in exchange for common stock of Legal Service Inc. Paid $800 for July rent on office space. Purchased office equipment on account $3,000. Performed legal service for clients for cash $1500. Borrowed $700 cash from bank on a note payable. Performed legal service for client on account $2,000. Paid monthly expenses: salaries $500, utilities $300,...
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Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April i invested $20,000 cash in her business. 1 Hired a secretary-receptionist at a salary of $700 per week payable monthly. 2 Paid office rent for the month $1,500. 3 Purchased dental supplies on account from Dazzle Company $4,000. 10 Performed dental services and billed Insurance companies $5,100. 11 Received $1,000 cash advance from Leah Mataruka for an...
Vera Ernst is a licensed dentist. During the first month of the operation of her business,...
Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 1 2 3 10 Invested $22,000 cash in her business. Hired a secretary-receptionist at a salary of $700 per week payable monthly. Paid office rent for the month $1,000. Purchased dental supplies on account from Dazzle Company $3,900. Performed dental services and billed insurance companies $5,000. Received $1,500 cash advance from Leah Mataruka for an implant....
Nona Curry started her own consulting firm, Larkspur, Inc, on May 1, 2017. The following transactions...
Nona Curry started her own consulting firm, Larkspur, Inc, on May 1, 2017. The following transactions occurred during the month of May: Stockholders invested $15,900 cash in the business in exchange for common stock, Paid $636 for office rent for the month. Purchased $530 of supplies on account. Paid $159 to advertise for the month in the County News. Received $1,484 cash for services performed. Paid $212 cash dividend. Performed $4.452 of services on account. Paid $2,650 for employee salaries....
Nona Curry started her own consulting firm, Larkspur, Inc. on May 1, 2017. The following transactions...
Nona Curry started her own consulting firm, Larkspur, Inc. on May 1, 2017. The following transactions occurred during the month of May: May 1 Stockholders invested $15,900 cash in the business in exchange for common stock 2 Paid $636 for office rent for the month. 3 Purchased $530 of supplies on account. 5 Paid $159 to advertise for the month in the County News. 9 Received $1,484 cash for services performed. 12 Paid $212 cash dividend, 15 Performed $4.452 of...
1. a) Selected transactions for Garver Company during its first month in business are presented below....
1. a) Selected transactions for Garver Company during its first month in business are presented below. On the form provided on the following page, journalize these transactions. Omit explanations. Indicate "No entry" if appropriate. A chart of accounts is provided below: (5 points) Cash Office Supplies Accounts Receivable Prepaid Rent Prepaid Insurance Office Equipment Accounts Payable Notes Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Insurance Expense Sept. 1 Jo Garver invested $25,000...
Angela Pivone recently opened her own law office on March 1, which she operates as a...
Angela Pivone recently opened her own law office on March 1,
which she operates as a sole proprietorship. The name of the new
entity is Angela Pivone, Attorney. Pivone experienced the following
events during the organizing phase of the new business and its
first month of operation, March 2018. Some of the events were
personal and did not affect the law practice. Others were business
transactions and should be accounted for by the business.
Mar. 1 Sold personal investment in...
Journalize the transactions Vera Ernst is a licensed dentist. During the first month of the operation...
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...
PART 2.Angela Duffy, opens her own law office on July, 1 2018. During the first month of operations, the following transactions occurred. 1. Invested BHD10,000 in cash in the law practice. 2. Paid BHD800 for July rent on office space. 3. Purchased office equipment on account BHD3,000. 4. Provided legal services to clients for cash BHD1,500. 5. Borrowed BHD700 cash from a bank on a note payable. 6. Performed legal services for a client on account BHD2,000. 7. Paid monthly...
P3.7A (LO 3, 4) During the first month of operations, the following transactions occurred for Virmani Architects Inc.: Apr. 1 Invested cash of $10,000 and equipment of $6,000 in the company in exchange for common shares. 1 Hired a secretary-receptionist at a monthly salary of $1,900. 2 Paid office rent for the month, $950. 3 Purchased architectural supplies on account from Halo Ltd., $1,900. 10 Completed blueprints on a carport and billed client $1,200. 13 Received $800 cash advance from...
Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April i invested $20,000 cash in her business. 1 Hired a secretary-receptionist at a salary of $700 per week payable monthly. 2 Paid office rent for the month $1,500. 3 Purchased dental supplies on account from Dazzle Company $4,000. 10 Performed dental services and billed Insurance companies $5,100. 11 Received $1,000 cash advance from Leah Mataruka for an...
Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 1 2 3 10 Invested $22,000 cash in her business. Hired a secretary-receptionist at a salary of $700 per week payable monthly. Paid office rent for the month $1,000. Purchased dental supplies on account from Dazzle Company $3,900. Performed dental services and billed insurance companies $5,000. Received $1,500 cash advance from Leah Mataruka for an implant....
Nona Curry started her own consulting firm, Larkspur, Inc, on May 1, 2017. The following transactions occurred during the month of May: Stockholders invested $15,900 cash in the business in exchange for common stock, Paid $636 for office rent for the month. Purchased $530 of supplies on account. Paid $159 to advertise for the month in the County News. Received $1,484 cash for services performed. Paid $212 cash dividend. Performed $4.452 of services on account. Paid $2,650 for employee salaries....
Nona Curry started her own consulting firm, Larkspur, Inc. on May 1, 2017. The following transactions occurred during the month of May: May 1 Stockholders invested $15,900 cash in the business in exchange for common stock 2 Paid $636 for office rent for the month. 3 Purchased $530 of supplies on account. 5 Paid $159 to advertise for the month in the County News. 9 Received $1,484 cash for services performed. 12 Paid $212 cash dividend, 15 Performed $4.452 of...
1. a) Selected transactions for Garver Company during its first month in business are presented below. On the form provided on the following page, journalize these transactions. Omit explanations. Indicate "No entry" if appropriate. A chart of accounts is provided below: (5 points) Cash Office Supplies Accounts Receivable Prepaid Rent Prepaid Insurance Office Equipment Accounts Payable Notes Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Insurance Expense Sept. 1 Jo Garver invested $25,000...
Angela Pivone recently opened her own law office on March 1,
which she operates as a sole proprietorship. The name of the new
entity is Angela Pivone, Attorney. Pivone experienced the following
events during the organizing phase of the new business and its
first month of operation, March 2018. Some of the events were
personal and did not affect the law practice. Others were business
transactions and should be accounted for by the business.
Mar. 1 Sold personal investment in...
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...
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