Date | Particulars | Debit ($) | Credit ($) | ||
Feb-01 | Cash | 5,00,000.0 | |||
Capital Stock | 5,00,000.0 | ||||
Feb-10 | Land | 97,500.0 | |||
Office Building | 1,95,000.0 | ||||
Notes payable | 2,34,000.0 | ||||
Cash | 58,500.0 | ||||
Feb-16 | Computer systems | 13,700.0 | |||
Cash | 13,700.0 | ||||
Feb-18 | Office Furnishings | 9,650.0 | |||
Cash | 965.0 | ||||
Accounts payable | 8,685.0 | ||||
Feb-22 | Office Supplies | 445.0 | |||
Cash | 445.0 | ||||
Feb-23 | Accounts Receivable | 55.0 | |||
Computer Systems | 55.0 | ||||
Feb-28 | Cash | 55.0 | |||
Accounts Receivable | 55.0 | ||||
Mar-01 | Accounts Payable | 4,342.5 | |||
Cash | 4,342.5 | ||||
(paid for 1st installment to Hi- Way furnishings) | |||||
Apr-01 | Accounts Payable | 4,342.5 | |||
Cash | 4,342.5 | ||||
(paid for 2nd installment to Hi- Way furnishings) |
ework Saved Help Sav Glenn Grimes is the founder and president of Heartland Construction, a real estate development...
Glenn Grimes is the founder and president of Heartland Construction, a real estate development venture. The business transactions during February while the company was being organized are listed as follows. Feb. 1 Grimes and several others invested $500,000 cash in the business in exchange for 30,000 shares of capital stock. Feb. 10 The company purchased office facilities for $270,000, of which $90,000 was applicable to the land and $180,000 to the building. A cash payment of $54,000 was made and...
Glenn Grimes is the founder and president of Heartland Construction, a real estate development venture. The business transactions during February while the company was being organized are listed as follows. Grimes and several others invested $600,000 cash in the business in exchange for 30,000 shares of capital stock (each share of stock is valued at $20) Feb. 1 The company purchased office facilities for $360,000, of which $120,000 was applicable to the land and $240,000 to the building. A cash...
Glenn Grimes is the founder and president of Heartland Construction, a real estate development venture. The business transactions during February while the company was being organized are listed as follows. Feb. 1 Grimes and several others invested $600,000 cash in the business in exchange for 30,000 shares of capital stock. Feb. 10 The company purchased office facilities for $292,500, of which $97,500 was applicable to the land and $195,000 to the building. A cash payment of $58,500 was made and...
What am I missing here...?
Glenn Grimes is the founder and president of Heartland Construction, a real estate development venture. The business transactions during February while the company was being organized are listed as follows. Feb. 1 Grimes and several others invested $600,000 cash in the business in exchange for 30,000 shares of capital stock. Feb. 10 The company purchased office facilities for $315,000, of which $105,000 was applicable to the land and $210,000 to the building. A cash payment...
Chapter 3. Problem 1PSA Bookmark Show all steps: ON Problem Glenn Grimes is the founder and president of Heartland Construction, a real estate development venture. The business transactions during February while the company was being organized are listed as follows Feb. 1 Grimes and several others invested $600,000 cash in the business in exchange for 30,000 shares of capital stock. Feb. 10 The company purchased office facilities for $360,000, of which $120,000 was appli cable to the land and $240,000...
Glenn Grimes is the founder and president of Heartland Construction, a real estate development venture. The business transactions during February while the company was being organized are listed as follows. Feb. 1 Grimes and several others invested $500,000 cash in the business in exchange for 30,000 shares of capital stock. Feb. 10 The company purchased office facilities for $330,000, of which $110,000 was applicable to the land and $220,000 to the building. A cash payment of $66,000 was made and...
h. Using the Financial Statements of Home Depot. c. Did the company post more you tell? Inc. connect Problem Set A was being organized LO3-3, L03-4, LO3-5 PROBLEM 3.1A Journalizing Transactions Glenn Grimes is the founder and president of Heartland Construction, a real estate venture. The business transactions during February while the company was bein listed as follows. sh in the business in exchange for nich $120,000 was appli- mayment of $72.000 was made Feb. 1 Grimes and several others...
Valley Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted trial balance on July 31, 2019, follows: Valley Realty Unadjusted Trial Balance July 31, 2019 Account Credit Debit Balances No. Balances Cash 52.500 12 100,100 Accounts Receivable Prepaid Insurance 13 12,600 Office Supplies 2,800 16 Land 21 Accounts Payable 21,000 22 Uneared Rent 23 Notes Payable 31 87,500 Cindy Getman, Capital Cindy Getman, Drawing 32 44,800 Fees Eamed 591,500 Cash 52,500 Accounts Receivable 100,100...
due University Sample_APA Pape... H Heartland ECSI Academic Writer- Purdue University citing IS , 13 Help System Announcements Problem 2-03A a-c (Part Level Submission) Bramble Services was formed on May 1, 2020. The following transactions took place during the first month. Transactions on May 1: 1. Jay Bradford invested $39,000 cash in the company, as its sole owner 2. Hired two employees to work in the warehouse. They will each be paid a salary of $2,600 per month. 3. Signed...
Problem Section: Complete the accounting cycle for the period January 1 to February 28, 2018, We Do Taxes Company started operations as of January 1, 2018 and set up a small office in Edison to prepare tax returns and perform accounting services. Use the information to follow to journalize each transaction on the Journal Sheet Jan Contributed the following assets for common stock. Cash, $15.000; accounts receivable. $1,000: Supplies S2,000, and office equipment, $12,000. There were no liabilities contributed Jan...