Question

Pina Colada Corp. provides security services. Selected transactions for Pina Colada Corp. are presented below. Oct. 1 Issued common stock in exchange for $63,400 cash from investors. 2 Hired part-time security consultant. Salary will be $1,900 per month. First day of work will be October 15. 4 Paid 1 month of rent for building for $1,900 7 Purchased equipment for $17,300, paying $3,800 cash and the balance on account 8 Pald $500 for advertising. 10 Received bill for equipment repair cost of $370. 12 Provided security services for event for $3,100 on account. 16 Purchased supplies for $390 on account. 21 Pald balance due from October 7 purchase of equipment. 24 Received and paid utility for $142. 27 Received payment from customer for October 12 services performed. 31 Paid employee salaries and wages of $4,900. (a) Joumalize the transactions. If ne entry is required, select "No entry" for the account titles and enter for the amounts. Credit accountitles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

Answer 1

Date	Account Titles and Explanation	Debit	Credit
Oct. 1	Cash	$63,400	-
	Common stock	-	$63,400
Oct. 2	No entry
Oct. 4	Rent expense	$1,900	-
	Cash	-	$1,900
Oct. 7	Equipment	$17,300	-
	Cash	-	$3,800
	Accounts payable	-	$13,500
Oct. 8	Advertising expense	$500	-
	Cash	-	$500
Oct. 10	Repairs and maintenance expense	$370	-
	Account payable	-	$370
Oct. 12	Accounts receivable	$3,100	-
	Service revenue	-	$3,100
Oct. 16	Supplies	$390	-
	Accounts payable	-	$390
Oct. 21	Accounts payable	$13,500	-
	Cash	-	$13,500
Oct. 24	Utilities expense	$142	-
	Cash	-	$142
Oct. 27	Cash	$3,100	-
	Accounts payable	-	$3,100
Oct. 31	Salaries and wages expense	$4,900	-
	Cash	-	$4,900

Answer 2

oct 27 account receivable