Question

AutoSave On Ch. 3 hw(222a) - Read Only - Word Search Fang, Zhou Z File Home Insert Draw Design Layout References Mailings Review View Help 有到穿 Share Comments X ALT А. O inherit 255 A A A A A DE BIU# X, X? A DA AaBbccDd AaBbceDd AaBbCi AaBbcc Normal T No Spac... Heading 1 Heading 2 = Find Replace Select Paste Dictate Sensitivity Editor V BI 打开 有道 宣器评 Clipboard Font Paragraph 5 Styles Editing Voice Sensitivity Editor Question 1 0 Transactions for Mehta Company for the month of May are presented below. Prepare journal entries for each of these transactions. (If no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) May 1 B.D. invests $4,000 cash in exchange for common stock to start his welding business, Mehta Company, 3 Buys equipment on account for $1,100. 13 Pavs $400 to landlord for May rent 21 Bills Noble Corp. $500 for welding work dame. (Use Service Revenue account. > Question 2 ENG Agazzi 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.) 1:11 PM 9/15/2020 Aug. 2 Invested $12,000 cash and $2,500 of equipment in the business. Page 1 of 5 913 words English (United States) ( be FOCUS BE Fe 100%

Answer 1

Question 1
Date	Account title and Explanation	DR Amt	CR AMT
01-May	Cash a/c Dr	4000
	To capital A/c		4000
	(cash brought into the business)
03-May	Equipment A/c	1100
	To Creditors for equipment		1100
	(bought equipment on account)
13-May	Rent expense A/c	400
	to cash A.c		400
	(paid rent to landloard for may)
24-May	Account receivable - Noble Corp.	500
	To service revenue A/c		500
	(billed for welding work done)
Question 2
02-Aug	Cash a/c Dr	12000
	Equipment A/c	2500
	To capital A/c		14500
	(cash and equipment brought into the business)