Problem 1-01A a-b On April 1, Sharon Lee established Lee's Travel Agency. The following transactions were...
P1.1A (LO 3, 4) On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were completed during the month. 1. Invested $15,000 cash to start the agency. 2. Paid $600 cash for April office rent. 3. Purchased equipment for $3,000 cash. 4. Incurred $700 of advertising costs in the Chicago Tribune, on account. 5. Paid $900 cash for office supplies. 6. Performed services worth $10,000: $3,000 cash is received from customers, and the balance of $7,000 is billed to customers on account. 7. Withdrew $600...
On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the month. 1. 2. 4. 5. 6. 7. 8. 9. 10. Invested $16,000 cash to start the agency. Paid $600 cash for April office rent. Purchased equipment for $2,800 cash. Incurred $800 of advertising costs in the Chicago Tribune, on account. Paid $800 cash for office supplies. Performed services worth $11,000: $2,600 cash is received from customers, and the balance of $8,400 is billed to...
On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the month. 1. 2. 3. 5. 6. 7. B. 9. 10. Invested $16,000 cash to start the agency. Paid $600 cash for April officerent. Purchased equipment for $2,800 cash. Incurred $800 of advertising costs in the Chicago Tribune, on account. Paid $800 cash for office supplies. Performed services worth $11,000: $2,500 cash is received from customers, and the balance of $,400 is billed to customers...
I need to complete the tabular analysis of the transactions. On April 1, Nancy Jackson established Jackson’s Travel Agency. The following transactions were completed during the month. 1. Invested $14,000 cash to start the agency. 2. Paid $600 cash for April office rent. 3. Purchased equipment for $3,800 cash. 4. Incurred $600 of advertising costs in the Chicago Tribune, on account. 5. Paid $900 cash for office supplies. 6. Performed services worth $11,000: $3,300 cash is received from customers, and...
On April 1, Kingbird, Inc. was established. These transactions were completed during the month. 1. Stockholders invested $28,000 cash in the company in exchange for common stock. 2. Paid $500 cash for April office rent. 3. Purchased office equipment for $2,900 cash. 4. Purchased $100 of advertising in the Chicago Tribune, on account. 5. Paid $300 cash for office supplies. 6. Performed services worth $11,000. Cash of $2,000 is received from customers, and the balance of $9,000 is billed to...
p.s, it is one whole chart just had to slide over to capture every thing. 1 2 3 4 On April 1, Jennifer Davis established Davis's Travel Agency. The following transactions were completed during the month. Invested $18,000 cash to start the agency. Paid $600 cash for April office rent Purchased equipment for $2,500 cash. Incurred $600 of advertising costs in the Chicago Tribune, on account Paid $600 cash for office supplies. Performed services worth $11,000 $3,400 cash is received...
On April 1, Larkspur, Inc. was established. These transactions were completed during the month. 1. Stockholders invested $29,600 cash in the company in exchange for common stock. 2. Paid $690 cash for April office rent. 3. Purchased office equipment for $2,980 cash. 4. Purchased $110 of advertising in the Chicago Tribune, on account. 5. Paid $430 cash for office supplies. 6. Performed services worth $11,100. Cash of $3,700 is received from customers, and the balance of $7,400 is billed to...
On April 1, Larkspur, Inc. was established. These transactions were completed during the month. 1. Stockholders invested $29,600 cash in the company in exchange for common stock. 2. Paid $690 cash for April office rent. 3. Purchased office equipment for $2,980 cash. 4. Purchased $110 of advertising in the Chicago Tribune, on account. 5. Paid $430 cash for office supplies. 6. Performed services worth $11,100. Cash of $3,700 is received from customers, and the balance of $7,400 is billed to...
the ones in red need solving On April 1, Larkspur, Inc. was established. These transactions were completed during the month. 1. Stockholders invested $29,600 cash in the company in exchange for common stock. 2. Paid $690 cash for April office rent. 3. Purchased office equipment for $2,980 cash. 4. Purchased $110 of advertising in the Chicago Tribune, on account. 5. Paid $430 cash for office supplies. 6. Performed services worth $11,100. Cash of $3,700 is received from customers, and the...
Expenses are incurred a. only on rare occasions. b. to produce assets. c. to produce liabilities. d. to generate revenues. On April 1, Wonder Travel Agency Inc. was established. These transactions were completed during the month. 1. Stockholders invested $30,000 cash in the company in exchange for common stock. 2. Paid $900 cash for April office rent. 3. Purchased office equipment for $3,400 cash. 4. Purchased $200 of advertising in the Chicago Tribune, on account. 5. Paid $500 cash for...