Cash | |||
Particulars | Debit | Particulars | Credit |
Ope. Bal | |||
To Consulting Services A/c | 8,500 | By Account Payable | 5,000 |
To Unearned Revenue | 3,600 | By Arron Paquette Withdrawal A/c | 3,000 |
By Salary A/c | 10,000 | ||
Ending Bal. | 5,900 | ||
Total | 18,000 | 18,000 | |
Consulting Revenue | |||
Particulars | Debit | Particulars | Credit |
Ope. Bal | |||
Feb, 1 | By Cash A/c | 8,500 | |
Ending Bal. | 8,500 | ||
Total | 8,500 | 8,500 | |
Accounts Payable | |||
Particulars | Debit | Particulars | Credit |
Ope. Bal | |||
To Cash | 5,000 | ||
Ending Bal. | 5,000 | ||
Total | 5,000 | 5,000 | |
Unearned Revenue | |||
Particulars | Debit | Particulars | Credit |
Ope. Bal | |||
By Cash A/c | 3,600 | ||
Ending Bal. | 3,600 | ||
Total | 3,600 | 3,600 | |
Arron Paquette Withdrawal | |||
Particulars | Debit | Particulars | Credit |
Ope. Bal | |||
To Cash | 3,000 | By Arron Paquette Capital | 3,000 |
Ending Bal. | |||
Total | 3,000 | 3,000 | |
Salary | |||
Particulars | Debit | Particulars | Credit |
Ope. Bal | |||
To Cash | 10,000 | ||
Ending Bal. | 10,000 | ||
Total | 10,000 | 10,000 | |
Arron Paquette Capital | |||
Particulars | Debit | Particulars | Credit |
Ope. Bal | |||
To Arron Paquette Withdrawal A/c | 3,000 | ||
Ending Bal. | 3,000 | ||
Total | 3,000 | 3,000 |
need help answering question 2 4 During February, the following transactions occurred: Feb. 1 Performed work...
Exercise 2-19 Record transactions, post to T-accounts, and prepare a trial balance (LO2-4,2-5, 2-6) (The following information applies to the questions displayed below) Green Wave Company plans to own and operate a storage rental facility. For the first month of operations, the company has the following transactions, 1. January 1 Issue 10,000 shares of common stock in exchange for $39.000 in cash 2. January 5 Purchase land for $22,500. A note payable is signed for the full amount 3. Janunry...
Required information [The following information applies to the questions displayed below.) The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired $45,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $24,000 cash. Apr. 10 Purchased $3,200 of supplies on account. July 1 Received $24,000 cash in advance for services to be provided over the next year. 20 Paid $1,500 of the accounts...
Required information [The following information applies to the questions displayed below.] The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired $45,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $24,000 cash. Apr. 10 Purchased $3,200 of supplies on account. July 1 Received $24,000 cash in advance for services to be provided over the next year. 20 Paid $1,500 of the accounts...
Required information (The following information applies to the questions displayed below.] The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired $45,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $24,000 cash. Apr. 10 Purchased $3,200 of supplies on account. July 1 Received $24,000 cash in advance for services to be provided over the next year. 20 Paid $1,500 of the accounts...
Required information [The following information applies to the questions displayed below.) The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired $45,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $24,000 cash. Apr. 10 Purchased $3,200 of supplies on account. July 1 Received $24,000 cash in advance for services to be provided over the next year. 20 Paid $1,500 of the accounts...
please complete a-k journal entry. t-accounts Required information [The following information applies to the questions displayed below.) At January 1 (beginning of its fiscal year). Conover, Inc., a financial services consulting firm, reported the following account balances (in thousands, except for par and market value per share): $ Cash Short-term investments Accounts receivable Supplies Prepaid expenses office equipment Accumulated depreciation-office equipment $ 2,100 Accounts payable 610 Unearned revenue 3,770 Salaries Payable 350 Short-term note payable 4,920 Common stock ($1 par...
The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired $48,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $17,400 cash. Apr. 10 Purchased $880 of supplies on account. July 1 Received $28,000 cash in advance for services to be provided over the next year. 20 Paid $660 of the accounts payable from April 10. Aug. 15 Billed a customer $9,300 for...
Required information Problem 3-32A Comprehensive problem: single cycle LO 3-1, 3-2, 3-3, 3-4 [The following information applies to the questions displayed below.) The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired $52,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $17,000 cash. Apr. 10 Purchased $840 of supplies on account. July 1 Received $20,500 cash in advance for services to be...
Required information Problem 3-32A Comprehensive problem: single cycle LO 3-1, 3-2, 3-3, 3-4 [The following information applies to the questions displayed below.) The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired $52,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $17,000 cash. Apr. 10 Purchased $840 of supplies on account. July 1 Received $20,500 cash in advance for services to be...
In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $15,000 cash for consulting services rendered in January. b. Issued common stock to investors for $12,000 cash. c. Purchased $16,000 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $8,300 cash for consulting services to be performed in February. e. Bought $1,230 of supplies on account. f. Received utility bill for January for $1,500, due February...