Question

Oct. 1 2 4 7 8 Riverbed Corp provides security services. Selected transactions for Riverbed Corp are presented below. Issued common stock in exchange for $67,300 cash from investors. Hired part-time security consultant. Salary will be $2,000 per month. First day of work will be October 15. Paid 1 month of rent for building for $2,000. Purchased equipment for $18,400, paying $4,100 cash and the balance on account. Paid $1,700 for advertising. Received bill for equipment repair cost of $420. Provided security services for event for $3,300 on account Purchased supplies for $420 on account. Paid balance due from October 7 purchase of equipment. Received and paid utility bill for $151. Received payment from customer for October 12 services performed. Paid employee salaries and wages of $5,200. 10 12 16 21 24 27 31

Answer 1

Cash $67,300 $3,300 Oct-01 Oct-27 Oct-04 Oct-07 Oct-08 Oct-21 Oct-24 $2,000 $4,100 $1,700 $14,300 $151 $5,200 Oct-31 End. Bal. 43,149 Accounts Receivable $3,300 Oct-27 $3,300 Oct-12 End. Bal. Oct-16 End. Bal. Supplies $420 $420 Oct-07 End. Bal. . Equipment $18,400 $18,400 Oct-21 Accounts Payable $14,300 Oct-07 Oct-10 Oct-16 End. Bal. $14,300 $420 $420 $840 Common Stock Oct-01 End. Bal. $67,300 $67,300 Service Revenue Oct-12 End. Bal. $3,300 $3,300 Oct-08 End. Bal. Advertising Expense $1,700 $1,700 Oct-31 End. Bal. Salaries and Wages Expense $5,200 $5,200 Oct-10 End. Bal. Maintenance and Repairs Expenses $420 $420 Oct-04 End. Bal. Rent Expense $2,000 $2,000 Oct-24 End. Bal. Utilities Expense $151 $151

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