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Question 2: Journalize Transactions /16 marks On March 1, 2019 Fahad Bader opened an office for...
Joe Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following...
Joe Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books: Jackson invested $43,000 cash in the business. Jackson contributed $118,000 of equipment to the business. The company paid $3,800 cash to rent office space for the month of March. The company received $34,000 cash for repair services provided during March. The company paid $8,000 for salaries for the month of March. The company provided $4,800...
Part II (40 Points) Section A---Business Transactions Journalize the following transactions in general journal format for...
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
% P2-31A (similar to) Tony Monson opened a law office on January 1, 2018. During the...
% P2-31A (similar to) Tony Monson opened a law office on January 1, 2018. During the first month of operations, the business completed the following transactions: Click the icon to view the transactions.) Read the requirements Requirement 3. Prepare the trial balance of Tony Monson, Attorney, at January 31, 2018 Review the ledger accounts for the month of January Tony Monson, Attorney Trial Balance January 31, 2018 Balance Account Title Debit Credit Cash Common Stock 79,000 Office Supplies 1.300 Furniture...
Cissi Jean Oliver opened Cleaning Angels, Inc. on March 31, 2019. During April, the following transactions...
Cissi Jean Oliver opened Cleaning Angels, Inc. on March 31, 2019. During April, the following transactions were completed: Apr 1 Issued 5,000 shares of Cleaning Angels common stock for $13,000. Each share has a $1.00 par. 1 Borrowed $8,000 on a 2-year, 9% note payable. 1 Paid $9,020 to purchase used floor and window cleaning equipment from a company going out of business ($4,820 was for the floor equipment and $4,200 for the window equipment). 1 Paid...
Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following...
Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books: 1. Wiley, the sole stockholder, invested $37.000 cash in the business in exchange for common stock 2 Wiley contributed $112.000 of equipment to the business in exchange for common stock 3. The company paid $3,200 cash to rent office space for the month of March. 4. The company received $28,000 cash for repair services provided...
Jaxson McCormick opened McCormick’s Repairs on March 1 of the current year. During March, the following...
Jaxson McCormick opened McCormick’s Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books: McCormick’s invested $28,000 cash in the business in exchange for common stock. McCormick’s contributed $103,000 of equipment to the business. The company paid $2,300 cash to rent office space for the month of March. The company received $19,000 cash for repair services provided during March. The company paid $6,500 for salaries for the month of...
P4.5B (LO 1, 2) AP Laura Eddy opened Eddy's Carpet Cleaners on March 1, 2021. In...
P4.5B (LO 1, 2) AP Laura Eddy opened Eddy's Carpet Cleaners on March 1, 2021. In March, the follow- ing transactions were completed: Mar. 1 Laura invested $10,000 cash in the business. 1 Purchased a used truck for $6,500, paying $1,500 cash and signing a note payable for the balance. 3 Purchased supplies for $1,200 on account. 5 Paid $1,200 on a one-year insurance policy, effective March 1. 12 Billed customers $4,800 for cleaning services. 18 Paid $500 of amount...
More Info - Trevor Moore opened a law office on January 1, 2024. During the first...
More Info - Trevor Moore opened a law office on January 1, 2024. During the first month of operation, the business completed IN (Click the icon to view the transactions) Read the requirements Requirement 1. Record each transaction in the journal, using the following account lifes Cash Account Receivable Payable: Moore, Capital, Moore, Withdrawals Service Revenue Salaries Expense Rent Expense, and Units Exped Jan. 1 Moore contributed 579,000 cash to the business, Trevor Moore, Attorney. The business gave capital to...
Question 1 Selected transactions for Bakar Enterprise, an interior decorator, are as follows: March 2 Invested...
Question 1
Selected transactions for Bakar Enterprise, an interior
decorator, are as follows:
March
2
Invested RM15,000 cash in business.
3
Purchased used car for RM4,000 cash for use in business.
9
Purchased supplies on account for RM500 .
11
Billed customer RM1,800 for services performed.
16
Paid RM200 cash for advertising.
20
Received RM700 cash from customers billed on 11 March.
23
Paid Ah Meng RM400 cash on balanced owed.
28
Paid RM1,500 cash salary to administrative assistant.
29...
Joe Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following...
Joe Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books 1. Jackson invested $27,000 cash in the business in exchange for common stock 2. Jackson contributed $102,000 of equipment to the business. 3. The company paid $2.200 cash to rent office space for the month of March. 4. The company received $18,000 cash for repair services provided during March. 5. The company paid $6.400 for...
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
% P2-31A (similar to) Tony Monson opened a law office on January 1, 2018. During the first month of operations, the business completed the following transactions: Click the icon to view the transactions.) Read the requirements Requirement 3. Prepare the trial balance of Tony Monson, Attorney, at January 31, 2018 Review the ledger accounts for the month of January Tony Monson, Attorney Trial Balance January 31, 2018 Balance Account Title Debit Credit Cash Common Stock 79,000 Office Supplies 1.300 Furniture...
Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books: 1. Wiley, the sole stockholder, invested $37.000 cash in the business in exchange for common stock 2 Wiley contributed $112.000 of equipment to the business in exchange for common stock 3. The company paid $3,200 cash to rent office space for the month of March. 4. The company received $28,000 cash for repair services provided...
P4.5B (LO 1, 2) AP Laura Eddy opened Eddy's Carpet Cleaners on March 1, 2021. In March, the follow- ing transactions were completed: Mar. 1 Laura invested $10,000 cash in the business. 1 Purchased a used truck for $6,500, paying $1,500 cash and signing a note payable for the balance. 3 Purchased supplies for $1,200 on account. 5 Paid $1,200 on a one-year insurance policy, effective March 1. 12 Billed customers $4,800 for cleaning services. 18 Paid $500 of amount...
More Info - Trevor Moore opened a law office on January 1, 2024. During the first month of operation, the business completed IN (Click the icon to view the transactions) Read the requirements Requirement 1. Record each transaction in the journal, using the following account lifes Cash Account Receivable Payable: Moore, Capital, Moore, Withdrawals Service Revenue Salaries Expense Rent Expense, and Units Exped Jan. 1 Moore contributed 579,000 cash to the business, Trevor Moore, Attorney. The business gave capital to...
Question 1
Selected transactions for Bakar Enterprise, an interior
decorator, are as follows:
March
2
Invested RM15,000 cash in business.
3
Purchased used car for RM4,000 cash for use in business.
9
Purchased supplies on account for RM500 .
11
Billed customer RM1,800 for services performed.
16
Paid RM200 cash for advertising.
20
Received RM700 cash from customers billed on 11 March.
23
Paid Ah Meng RM400 cash on balanced owed.
28
Paid RM1,500 cash salary to administrative assistant.
29...
Joe Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books 1. Jackson invested $27,000 cash in the business in exchange for common stock 2. Jackson contributed $102,000 of equipment to the business. 3. The company paid $2.200 cash to rent office space for the month of March. 4. The company received $18,000 cash for repair services provided during March. 5. The company paid $6.400 for...
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