Note - As HOMEWORKLIB RULES guidlines we are alloewed to process 1 question at a time. When there are multiple question we can do 1st one. Only 4 Subparts we are allowed to answer.
1. Journal Entries -
2. Ledgers -
3. Unadjusted Trial Balance -
4. Adjusted Entries -
Jean Clark opened a business called Clark Engineering and recorded the following transactions in its first...
Turner Engineering completed the following transactions in the month of June. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Jun. 1 Tony Turner, the owner, invested $144,000 cash, office equipment with a value of $16,000, and 582,000 of drafting equipment to launch the company. Jun. 2 The company purchased land worth $60,000 for an office by paying $21,700 cash and signing a long-tern note payable for $38,300....
impact on equity
Turner Engineering completed the following transactions in the month of June. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Jun. Tony Turner, the owner, invested $144,000 cash, office equipment with A value of $16,000, and $82,000 of drafting equipment to launch the company. Jun. 2 The company purchased land worth $60,000 for an office by paying $21,700 cash and signing a long-term note payable...
GLO205 - Based on Problem 2-2A Gonzalez Engineering completed the following transactions in the month of June. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements Jun. Jun. 1 Maria Gonzalez, the owner, invested $108,000 cash, office equipment with a value of $7,000, and $64,000 of drafting equipment to launch the company in exchange for common stock. Jun. 2 The company purchased land worth $51,000 for an office...
Jounral entry acconts
| | ABC Engineering completed the following transactions in the month of June. Judy Carol, the owner, invested $220,000 cash, office equipment with a value of $7,600, and $72,000 of drafting equipment to launch the company in exchange for common stock. The company purchased land worth $60,000 for an office by paying $7,200 cash and signing a long- term note payable for $52,800. The company purchased a portable building with $59.000 cash and moved it onto the...
Aracel Engineering completed the following transactions in the
month of June.
Jenna Aracel, the owner, invested $230,000 cash, office
equipment with a value of $6,300, and $60,000 of drafting equipment
to launch the company in exchange for common stock.
The company purchased land worth $56,000 for an office by
paying $7,500 cash and signing a long-term note payable for
$48,500.
The company purchased a portable building with $59,000 cash and
moved it onto the land acquired in b.
The company...
Turner Engineering completed the following transactions in the month of June. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. 1 Tony Turner, the owner, invested $144,000 cash, office equipment with a value of $16,000, and $82,000 of drafting equipment to launch the company. 2 The company purchased land worth $60,000 for an office by paying $21,700 cash and signing a long-term note payable for $38,300. 3 The...
Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of operations April 1 Tanner invested $95,000 cash along with office equipment valued at $22,800 in the company in exchange for common stock 2 The company prepaid $7,200 cash for 12 months' rent for office space. Hint: Debit Prepaid Rent for $7,200. 3 The company made credit purchases for $11,490 in office equipment and $2,280 in office supplies. Payment is due within...
Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $165,000 cash, office equipment with a value of $5,200, and $75,000 of drafting equipment to launch the company. b. The company purchased land worth $50,000 for an office by paying $8,500 cash and signing a long-term note payable for $41,500. c. The company purchased a portable building with $53,000 cash and moved it onto the land acquired in b. d. The company paid...
Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $175,000 cash, office equipment with a value of $8,100, and $63,000 of drafting equipment to launch the company in exchange for common stock b. The company purchased land worth $58,000 for an office by paying $8,800 cash and signing a long-term note payable for c. The company purchased a portable building with $56,000 cash and moved it onto the land acquired in b....