Homework Answers
| Date | Debit | Credit | |
| Aug 2 | CASH | 12320 | |
| EQUIPMENT | 2710 | ||
| Pharaoh's Capital | 15030 | ||
| 7 | Supplies | 480 | |
| Accounts payable | 480 | ||
| 12 | Cash | 1193 | |
| Accounts receivable | 722 | ||
| Service revenue | 1915 | ||
| 15 | Rent | 580 | |
| Cash | 580 | ||
| 19 | Supplies Expense | 184 | |
| Supplies | 184 | ||
| (480-296) | |||
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Pharoah Repair Shop had the following transactions during the first month of business as a proprietorship....
Brief Exercise 3-2 Skysong Repair Shop had the following transactions during the first month of business...
Brief Exercise 3-2
Skysong Repair Shop had the following transactions during the
first month of business as a proprietorship. Journalize the
transactions. (If no entry is required, select "No
entry" for the account titles and enter 0 for the amounts. Credit
account titles are automatically indented when amount is entered.
Do not indent manually.)
Aug. 2
Invested $11,630 cash and $2,400 of equipment in the
business.
7
Purchased supplies on account for $490. (Debit asset
account.)
12
Performed services for...
Question 4 View Policies Current Attempt in Progress Culver Repair Shop had the following transactions during...
Question 4 View Policies Current Attempt in Progress Culver Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. Of no entry is required se manually Invested $12,590 cash and $2.450 of equipment in the business. 7 Purchased supplies on account for $520. (Debit asset account.) 12 Performed services for clients, for which $1,180 was collected in cash and 5646 was billed to the clients. 15 Paid August rent $589. 19 Counted...
Google 172.18 20.158 San Juan (Puerto #3 Question 2 of 13 - / 7.5 I!! View...
Google 172.18 20.158 San Juan (Puerto #3 Question 2 of 13 - / 7.5 I!! View Policies Current Attempt in Progress Marin Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. (If no entry is required, select "No entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Aug. 2 Invested $11.290 cash and $2,740 of...
Selected transactions for Pharoah Company, an interior decorating firm, in its first month of business, are...
Selected transactions for Pharoah Company, an interior decorating firm, in its first month of business, are as follows. Jan. 2 Invested $ 20,290 cash in the business in exchange for common stock. 3 Purchased used car for $ 11,092 cash for use in the business. 9 Purchased supplies on account for $ 676. 11 Billed customers $ 2,435 for services performed. 16 Paid $ 271 cash for advertising. 20 Received $ 1,055 cash from customers billed on January 11. 23...
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...
Pharoah Ltd. has the following selected transactions: 1. 2. 3. 4. 5. Issued common shares to...
Pharoah Ltd. has the following selected transactions: 1. 2. 3. 4. 5. Issued common shares to shareholders in exchange for $5,000. Paid rent in advance for two months, $2,400. Paid administrative assistant $400 salary. Billed clients $1.600 for services provided. Received $900 in partial payment from clients for services provided in item 4 above. Purchased $500 of supplies on account. Paid supplier amount owing on account, $500. Borrowed $1,000 cash from the bank. 6. 7. 8. Journalize the transactions for...
Selected transactions for Sunland Company, an interior decorating firm, in its first month of business, are...
Selected transactions for Sunland Company, an interior decorating firm, in its first month of business, are as follows. Jan. 2. 3 9 11 Stockholders invested $18,337 cash in the business in exchange for common stock. Purchased used car for $10,024 cash for use in the business. Purchased supplies on account for $611. Billed customers $2,200 for services performed. Paid $244 cash for advertising, Received $954 cash from customers billed on January 11. Paid creditor $367 cash on balance owed. Declared...
During the month of August, Sunland Industries had the following transactions: Aug. 2 Aug. 6 Aug....
During the month of August, Sunland Industries had the following transactions: Aug. 2 Aug. 6 Aug. 10 Aug 15 Aug. 21 Aug. 28 Aug. 31 Paid cash for the August rent of $1.490. Purchased supplies of $240 on account. Collected $5,150 from customers on account. Received $2.280 cash for services to be rendered in September Paid for supplies purchased on account on August 6. Billed customers for $7,830 for services provided in August, Paid $130 cash for utilities expense. For...
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 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...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 2. 3. Issued stock to investors for $14,600 in cash. Purchased used car for $10,100 cash for use in business. Purchased supplies on account for $340. Billed customers $5,510 for services performed. Paid $150 cash for advertising start of the business. Received $1,100 cash from customers billed in transaction (4) Paid creditor $420 cash on account. Paid dividends of $470 cash to...
Brief Exercise 3-2
Skysong Repair Shop had the following transactions during the
first month of business as a proprietorship. Journalize the
transactions. (If no entry is required, select "No
entry" for the account titles and enter 0 for the amounts. Credit
account titles are automatically indented when amount is entered.
Do not indent manually.)
Aug. 2
Invested $11,630 cash and $2,400 of equipment in the
business.
7
Purchased supplies on account for $490. (Debit asset
account.)
12
Performed services for...
Question 4 View Policies Current Attempt in Progress Culver Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. Of no entry is required se manually Invested $12,590 cash and $2.450 of equipment in the business. 7 Purchased supplies on account for $520. (Debit asset account.) 12 Performed services for clients, for which $1,180 was collected in cash and 5646 was billed to the clients. 15 Paid August rent $589. 19 Counted...
Google 172.18 20.158 San Juan (Puerto #3 Question 2 of 13 - / 7.5 I!! View Policies Current Attempt in Progress Marin Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. (If no entry is required, select "No entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Aug. 2 Invested $11.290 cash and $2,740 of...
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...
Pharoah Ltd. has the following selected transactions: 1. 2. 3. 4. 5. Issued common shares to shareholders in exchange for $5,000. Paid rent in advance for two months, $2,400. Paid administrative assistant $400 salary. Billed clients $1.600 for services provided. Received $900 in partial payment from clients for services provided in item 4 above. Purchased $500 of supplies on account. Paid supplier amount owing on account, $500. Borrowed $1,000 cash from the bank. 6. 7. 8. Journalize the transactions for...
Selected transactions for Sunland Company, an interior decorating firm, in its first month of business, are as follows. Jan. 2. 3 9 11 Stockholders invested $18,337 cash in the business in exchange for common stock. Purchased used car for $10,024 cash for use in the business. Purchased supplies on account for $611. Billed customers $2,200 for services performed. Paid $244 cash for advertising, Received $954 cash from customers billed on January 11. Paid creditor $367 cash on balance owed. Declared...
During the month of August, Sunland Industries had the following transactions: Aug. 2 Aug. 6 Aug. 10 Aug 15 Aug. 21 Aug. 28 Aug. 31 Paid cash for the August rent of $1.490. Purchased supplies of $240 on account. Collected $5,150 from customers on account. Received $2.280 cash for services to be rendered in September Paid for supplies purchased on account on August 6. Billed customers for $7,830 for services provided in August, Paid $130 cash for utilities expense. For...
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...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 2. 3. Issued stock to investors for $14,600 in cash. Purchased used car for $10,100 cash for use in business. Purchased supplies on account for $340. Billed customers $5,510 for services performed. Paid $150 cash for advertising start of the business. Received $1,100 cash from customers billed in transaction (4) Paid creditor $420 cash on account. Paid dividends of $470 cash to...
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