Answer:
Date | Account title | Debit | Credit |
March,25 | Cash | $ 22,000 | |
Owner's capital | $ 22,000 | ||
(To record initial investment) | |||
Sept, 05 | Utility expense | $ 800 | |
Cash | $ 800 | ||
(To record utility expense) |
ns Journalize the following transactions into the general journal in accordance with the rules of lour...
ACCOUNTING CYCLE Journalizing transactions Journalize the following transactions into the general journal in accordance with the rules of Jour June 23 September 10 Cox Company pays $2,200 of monthly salaries. Owner deposits $44,000 in business bank account as an initial investment. Date Account Title Debit Credit to ?
Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entry accounting system. May September 30 8 Walker Company receives $6,100 payment from a customer on account Walker Company pays balance due of $3,300 on tools previously purchased. Date Account Title Debit Credit May Cash 8 6,100 Accounts Receivable 6,100 Sept. Supplies Expense 30 3,300 Accounts Payable 3,300
ACCOUNTING CYCLE Journalizing transactions Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double April 2 Morris Company pays current month's rent, $1,900. October 2 Morris Company pays $2,700 of monthly salaries. Date Account Title Debit Credit X 5 ?
Part 3: Journal Entries 20 Points Prepare Journal entries of the following transactions. A business is started by receiving $5,000 cash from the owner A business purchases land for $100,000 cash. A business purchases supplies for $200 on account. A business renders services to its cystomer and collects $900 cash. A business renders services to its customer for $350 on account. A business pays salary expense of $4,000 in cash. In a previous month, the business purchased supplies for $800...
ACCOUNT TITLE DEBIT CREDIT Journalize the following business transactions for a real estate companyin general journal form. 1 May Stockholders invest 540,000 in cash in exchange for common stock DATE 2-May Purchased $500 of supplies on credit 1-May Purchased equipment for $25,000, paying $3,500 in cash and signed a 30- 3 May day, $21,500 note payable 4-May Real estate commissions billed to clients amount to $4,000 5-May Paid $250 cash on account for office supplies purchased on May 2. 2....
Question 14 Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 1. Owner invested $62,500 in exchange for common stock of the corporation. 2. Hired an employee to be paid $300 per week, starting tomorrow. 3....
Journalize the following business transactions in general journal form. Identify each transaction by letter. Be sure to show ALL work! The owner, Mai Li, invests $40,000 in cash in starting a real estate office operating as a sole proprietorship. Purchased $500 of supplies on credit. Purchased equipment for $9,000, paying $4,000 in cash and signed a 30-day, $5,000, note payable. Real estate commissions billed to clients amount to $4,000. Paid $800 in cash for the current month’s rent. Paid $200...
Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) 1. 2. 3. 4. 5. The owner, Mai Li, invests $40,000 in cash in starting a real estate office operating as a sole proprietorship. Purchased $500 of...
Part II (40 Points) Section A---Business Transactions Journalize the following transactions in general journal format for the ASU Company for the month of September 2018. You may omit the date and explanation. Practice 1. Paid rent for the month, $1,500. 2. Purchased office equipment on account, $10,000. 3. Fees earned and billed to customers for the month, $15,000. 4. Paid cash for supplies, $500. 5. Received cash from customers on account, $9,000. 6. Withdrew cash for personal use, $1,000
Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction (Credit account titles are automatically Indented when amoune is entered. Do not Indent manually. If no entry is required, select "No Entry"for the account titles and enter for the amounts.) Owner invested $58,500 in exchange for common stock of the corporation Hired an employee to be paid $400 per week, starting tomorrow. Paid two years' rent in advance. $7.400....