Bob Sample and other student investors opened Campus Carpet Cleaning, Inc. on Septem- ber 1, 2014. During the first month of operations, the following transactions occurred.
September 1 - Stockholders invested $20,000 cash in the
business.
September 2 - Paid $1,000 cash for store rent for the month of
September.
September 3 - industrial carpet-cleaning equipment for $25,000,
paying $10,000 in cash and signing a $15,000 6-month, 12% note
payable.
September 4 - Paid $1,200 for 1-year accident insurance
policy.
September 10 - Received bill from the Daily News for advertising
the opening of the cleaning service, $200.
September 15 - Performed services on account for $6,200.
September 20 - Paid a $700 cash dividend to stockholders.
September 30 -Received $5,000 from customers billed on September
15.
Required:
Journalize the September transactions.
Prepare a trial balance at September 30, 2014.
Bob Sample and other student investors opened Campus Carpet Cleaning, Inc. on Septem- ber 1, 2014....
Abdullah and Careem investors opened Campus Carpet Cleaning, Company. on September 1, 2012. During the first month of operations, the following transactions occurred. Sept. 1 Stockholders invested $20,000 cash in the business. 2 Paid $1,000 cash for store rent for the month of September. 3 Purchased industrial carpet-cleaning equipment for $25,000, paying $10,000 in cash and signing a $15,000 note payable. 10 Received bill from the Daily News for advertising the opening of the cleaning service, $200. 15 Performed services...
Abdullah and Careem investors opened Campus Carpet Cleaning, Company. on September 1, 2012. During the first month of operations, the following transactions occurred. Sept. 1 Stockholders invested $20,000 cash in the business. 2 Paid $1,000 cash for store rent for the month of September. 3 Purchased industrial carpet-cleaning equipment for $25,000, paying $10,000 in cash and signing a $15,000 note payable. Received bill from the Daily News for advertising the opening of the cleaning service, $200 10 15 Performed services...
Billy opened Campus Dry-cleaning Service Inc. on September 1, 2020. During the first month of operations, the following transactions occurred. Sept. 1 Stockholders invested $20,000 cash in the business to purchase the firm’s common stock. 2. The company paid $1,000 cash for store rent for September. 3. Purchased washers and dryers of $25,000, paying $10,000 in cash and signing a $15,000, 6- month, 12% for a one-year note payable. 4.Paid $1,200 for one-year accident insurance policy. 10. Received a bill from Daily...
Transactions JE Ledger TB Worksheet UNDERWOOD Transactions Sept. 1 Stockholders invested $20.000 cash in the business Sept. 2 Paid $1,000 cash for some rent for the month of September Sept. 3 Purchased industrial carpet-cleaning equipment for $25,000, paying $10,000 in casa and signing a $15.000 6th, anot payable Sept. 4 Paid $1.200 for 1-year accident insurance policy Sept. 10 Recievd ball from the Daily News for hertising the opening of the cleaning service $200 Sept. 15 Performed services on account...
Transactions Sept. 1 Stockholders invested $20,000 cash in the business Sept. 2 Paid $1,000 cash for store rent for the month of September Sept. 3 Purchased industrial carpet-cleaning equipment for $25.000, paying $10,000 in casa and signing a $15,000 6-month, 12% note payable. Sept. 4 Paid $1,200 for 1-year accident insurance policy. Sept. 10 Recievd bill from the Daily News for advertising the opening of the cleaning service, $200. Sept. 15 Performed services on account for $6,200. Sept.20 Paid a...
Neko Case decides to open a cleaning and laundry service near the local college campus that will operate as a corporation. Analyze the following transactions for the month of June in to their effect on the basic accounting equation. Record each transaction by increasing decreasing (-) the dollar amount of each item affected. Calculate the Net Income Transactions (1) Issued stock in exchange for $25,000 cash on June 1. (2) Purchased equipment for $5,000 paying $2,000 in cash and the...
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QUESTION 17 Russ Wallis decides to open a cleaning and laundry service near the local college campus that will operate as a proprietorship. The transactions for the month of June are listed below 1. Russ Walls invests $20.000 in cash to start a cleaning and laundry business on June 1. 2. Purchased laundry equipment for $5,000 paying 53.000 in cash and the remainder due in 30 days. 3. Purchased laundry supplies for $1.200 cash. 4. Received a bill from Campus...
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