The following transactions occurred for Wilke Technology Solutions:
May 1: The business received cash of $86,000 and issued common stock to Adam Wilke.
Date | Account title | Debit | Credit |
1-May | Cash | $ 86,000 | |
Common Stock | $ 86,000 | ||
(To record issuance of common stock) | |||
2-May | Office supplies | $ 770 | |
Cash | $ 770 | ||
(To record purchase of supplies) | |||
4-May | Building | $ 43,000 | |
Land | $ 12,000 | ||
Cash | $ 55,000 | ||
(To record purchase of land and building) | |||
6-May | Cash | $ 2,900 | |
Service revenue | $ 2,900 | ||
(To record service performed for cash) | |||
9-May | Accounts payabl | $ 620 | |
Cash | $ 620 | ||
(To record cash payments on account) | |||
17-May | Accounts receivable | $ 2,000 | |
Service revenue | $ 2,000 | ||
(To record service performed on account) | |||
19-May | Rent expenses | $ 1,000 | |
Cash | $ 1,000 | ||
(To record payment of rent expense) | |||
20-May | Cash | $ 1,800 | |
Unearned revenue | $ 1,800 | ||
(To record cash received in advance) | |||
21-May | Prepaid advertising | $ 700 | |
Cash | $ 700 | ||
(To record prepayment of advertising expense) | |||
23-May | Cash | $ 1,300 | |
Accounts receivable | $ 1,300 | ||
(To record cash received on account) | |||
31-May | Salaries expenses | $ 1,900 | |
Cash | $ 1,900 | ||
(To record salaries paid) |
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May 1: The business received cash of $86,000 and issued common stock to Adam Wilke.
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5 E2-18 (similar to) The following transactions occurred for Wilke Technology Solutions: (Click the icon to view the transactions.) Read the requirement.(Record debits first, then credits. Select the explanation on the last line of the journal entry table.) ork z Test May 1: The business received cash of $105,000 and issued common stock to Zachary Wilke. Date Accounts and Explanation Debit May 1 Credit ansactions.) debit More Info cash a Accou May 1 The business received cash of $105,000 and...
E2-18 Analyzing and journalizing transactions Learning Objective 3 Journalize the transactions of Wilke Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Advertising; Land; Building; Accounts Payable; Unearned Revenue; Common Stock; Service Revenue; Rent Expense; and Salaries Expense. The following transactions occurred for Wilke Technology Solutions: May 1 The business received cash of $105,000 and issued common stock to Zoe Wilke. 2 Purchased office supplies on account, $550. 4 Paid...
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debit/ credit table
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