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Part II (40 Points) Section A---Business Transactions Journalize the following transactions in general journal format for...
Journalize the following business transactions in general journal form. Identify each transaction by number. You may...
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...
SECTION 3: GENERAL JOURNAL continued 40 points) Journalize the following transactions on the general journal in the...
SECTION 3: GENERAL JOURNAL continued 40 points) Journalize the following transactions on the general journal in the proper format Label the general journal page number as 2. 12/10: Billed customers $16.000 for services rendered. 12/20: paid the rent for the month, $3,000. 12/26: received the electric bill $400. 12/30: received $10.000 from credit customers. Chart of accounts Assets Llabilities Revenue expenses 101: cash 200: AP Owners' equity 300: capital 301: drawing 400:fees income 102:AR 201: notes 500: rent expense 501:...
Journalize the following business transactions in general journal form. Identify each transaction by letter. Be sure...
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...
Transactions Instructions Chart of Accounts Journal Instructions Concrete Consulting Co. has the following accounts in its...
Transactions Instructions Chart of Accounts Journal Instructions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Foes Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Transactions Oct 1 3 10 Paid rent for the month, $2,800. Paid advertising expense, $500. Paid cash for supplies, $1,300. Purchased office equipment on account, $9,500. Received cash from customers on account, $15,500. Paid creditors on account, $3,180. Paid...
Transactions Simmons Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office...
Transactions Simmons Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Michael Short, Capital; Michael Short, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Journalize the following selected transactions for October 20Y3. If an amount box does not require an entry, leave it blank. Oct. 1. Paid rent for the month, $4,800. 3. Paid ádvertising expense, $2,500. 5. Pald cash for supplies, $1,390. 6. Purchased office equipment on account,...
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment;...
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Transactions Oct. 1 Paid rent for the month, $2,200. 3 Paid advertising expense, $550. 5 Paid cash for supplies, $1,200. 6 Purchased office equipment on account, $9,300. 10 Received cash from customers on account, $16,950. 15 Paid creditors on account, $3,000. 27 Paid cash for miscellaneous...
Transactions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office...
Transactions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Oct. 1. Paid rent for the month, $3,100. 3. Paid advertising expense, $2,000. 5. Paid cash for supplies, $860. 6. Purchased office equipment on account, $13,200. 10. Received cash from customers on account, $4,290. 15. Paid creditors on account, $1,260. 27. Paid cash for miscellaneous...
I need help answering these questions: EX 2-7 Transactions OBJ. 2 Concrete Consulting Co. has the...
I need help answering these questions:
EX 2-7 Transactions OBJ. 2 Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Journalize the following selected transactions for October 2019 in a two-column journal. Journal entry explanations may be omitted. Oct. 1. Paid rent for the month, $3,600. 3. Paid advertising expense, $1,200. 5. Paid cash for...
Transactions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office...
Transactions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable: Jason Payne, Capital: Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Oct. 1. Paid rent for the month, $2,500. 3. Paid advertising expense, $1,580. 5. Paid cash for supplies, 5680. 6. Purchased office equipment on account, $10,400. 10. Received cash from customers on account, $3,390. 15. Paid creditors on account, $990. 27. Paid cash for miscellaneous...
eBook Show Me How Calculator Transactions Concrete Consulting Co. has the following accounts in its ledger:...
eBook Show Me How Calculator Transactions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplles; Office Equipment; Accounts Payable; Jason Payne, Capital; Jase Payne, Drawing; Fees Eamed; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Oct. 1. Paid rent for the month, $4,000. 3. Pald advertising expense, $2,540. 5. Paid cash for supplies, $1,090. 6. Purchased office equipment on account, $16,700. 10. Received cash from customers on account, $5,450. 15. Paid creditors on account, $1,600....
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...
SECTION 3: GENERAL JOURNAL continued 40 points) Journalize the following transactions on the general journal in the proper format Label the general journal page number as 2. 12/10: Billed customers $16.000 for services rendered. 12/20: paid the rent for the month, $3,000. 12/26: received the electric bill $400. 12/30: received $10.000 from credit customers. Chart of accounts Assets Llabilities Revenue expenses 101: cash 200: AP Owners' equity 300: capital 301: drawing 400:fees income 102:AR 201: notes 500: rent expense 501:...
Transactions Instructions Chart of Accounts Journal Instructions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Foes Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Transactions Oct 1 3 10 Paid rent for the month, $2,800. Paid advertising expense, $500. Paid cash for supplies, $1,300. Purchased office equipment on account, $9,500. Received cash from customers on account, $15,500. Paid creditors on account, $3,180. Paid...
Transactions Simmons Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Michael Short, Capital; Michael Short, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Journalize the following selected transactions for October 20Y3. If an amount box does not require an entry, leave it blank. Oct. 1. Paid rent for the month, $4,800. 3. Paid ádvertising expense, $2,500. 5. Pald cash for supplies, $1,390. 6. Purchased office equipment on account,...
I need help answering these questions:
EX 2-7 Transactions OBJ. 2 Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Journalize the following selected transactions for October 2019 in a two-column journal. Journal entry explanations may be omitted. Oct. 1. Paid rent for the month, $3,600. 3. Paid advertising expense, $1,200. 5. Paid cash for...
Transactions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable: Jason Payne, Capital: Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Oct. 1. Paid rent for the month, $2,500. 3. Paid advertising expense, $1,580. 5. Paid cash for supplies, 5680. 6. Purchased office equipment on account, $10,400. 10. Received cash from customers on account, $3,390. 15. Paid creditors on account, $990. 27. Paid cash for miscellaneous...
eBook Show Me How Calculator Transactions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplles; Office Equipment; Accounts Payable; Jason Payne, Capital; Jase Payne, Drawing; Fees Eamed; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Oct. 1. Paid rent for the month, $4,000. 3. Pald advertising expense, $2,540. 5. Paid cash for supplies, $1,090. 6. Purchased office equipment on account, $16,700. 10. Received cash from customers on account, $5,450. 15. Paid creditors on account, $1,600....
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