1. Journal Entries -
2. Ledgers -
3. Trial Balance -
C. R. Byrd invests his business in an advertising company called Pioneer Advertising Agency. All transaction...
Intermediate Accounting Chapters 1-6 January 2019) Journalize the following Transactions Sctober 1: Stockholders Invest $100.000 cash in an advertising venture to be known as Ploneer Advertising Inc. cash flooooo common stack 100,000 2. October 1: Pioneer Advertising purchases office equipment costing $50,000 by signing a 3- month, 12%, $50,000 note payable. October 2: Pioneer Advertising receives a $12.000 cash advance from R. Knox, a client, for advertising services that are expected to be completed by December 31. October 3: Pioneer...
This problem is based on the transactions for the Eco Build Company in your text. Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated based on the journal entries recorded Dec. 1 on December 1, Nina Miller forms a consulting business, named Ece Bulld. Eco Build receives $56,000 cash froe Nina Miller as an owner contribution. Dec. 2 Eco Build pays $3,500 cash for supplies. The company's policy...
GLO201 (No Analysis Tab) - Based on the... LO A1, C3, C4, P1, P2, P3 This problem is based on the transactions for the Solid Systems Company in your text. Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated based on the journal entries recorded. Dec. 1 On December 1, April Mohr forms a consulting business, named Solid Systems. Solid Systems receives $86,000 cash from April Mohr as...
This problem is based on the transactions for the FastForward Company in your text. Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated based on the journal entries recorded. Dec. 1 on December 1, Chas Taylor forms a consulting business, named Fast Forward. Fast Forward receives $30,000 cash from Chas Taylor in exchange for common stock. Dec. 2 Fast Forward pays $2,500 cash for supplies. The company's policy...
general entry journal 8,9,10,12 ? This problem is based on the transactions for the OnPoint Company in your text. Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated based on the journal entries recorded. Dec Dec 1 on December 1, Molly Meng forms a consulting business, named onPoint. OnPoint receives $34,000 cash from Molly Meng in exchange for common stock. Dec 2. Onpoint pays $2,700 cash for supplies....
On June 1, 2019, Jenna Davis opened the Leadership Coaching Agency DATE TRANSACTION June 1 Jenna Davis invested $40,Θ00 cash to start the business. 2 Issued Check 201 for $2,000 to pay the June rent for the office 3 Purchased desk and other office furniture for $12,ΘΘΘ from Lowe's Office Supply, Invoice 5103; issued Check 202 for a $2,000 down payment with the balance due in 30 days. 4 Issued Check 2Θ3 for $1,700 for supplies. 6 Performed services for...
Denzel Brooks opens a web consulting business called Venture Consultants and completes the following transactions in March. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. 1 Brooks invested $150,000 cash along with $22,000 in office equipment in the company in exchange for common Mar. stock. 2 The company prepaid $6,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in...
This problem is based on the transactions for the On Point Company in your text. Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated based on the journal entries recorded Dec 1 on December 1, Molly Meng forms a consulting business, named onPoint. Onpoint receives $34,00 cash from Molly Meng in exchange for common stock. Dec. 2 Onpoint pays $2,700 cash for supplies. The company's policy is to...
Brian Aloan opens a web consulting business called Aloan Consulting and completes the following transactions in March. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Mar. 1 Aloan invested $183,000 cash along with $23,100 in office equipment in the company in exchange for common stock. Mar. 2 The company prepaid $12,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses...
1. You, the owner, invest $150,000 in the business. 2. Company purchases $20,000 of goods for resale, on account 3. Company pays for 6-months of Insurance $2,088 4. Purchased office supplies, $350, pays cash 5. Cash sales totaled $8,750. Cogs was $5,000 6. Sales on account $17,500. Cogs was $10,000 7. Paid half of what was owed from #2 8. Received $13,125 from #6 I need a General Journal and General ledger Please