Question 4: Artistic Hand for engineering Services was formed on Jun 1, 2018. The following transactions...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Question 4: Artistic Hand for engineering Services was formed on Jun 1, 2018. The following transactions took place during the month of Jun: I The owner invested $20,000 cash in business. 2 Hired an office manager at a salary of $2,000 per month. 3 Purchased $2,500 of supplies on account from Jarir Bookstore. 7 Paid office rent of $900 cash for the month. 11 Completed a house blueprint and billed client $3,200 for services provided. 12 Received S3,500 advance on engineering consulting engagement. 17 Received cash of $1,200 for services completed for eXtra Store. 31 Paid office manager $2,000 salary for the month. 31 Paid S1,200 of balance due Jarir Bookstore. Jun Instructions: Journalize Jun transactions. Post transactions to General Ledger (G/L). Prepare the trail balance. Question 4: Artistic Hand for engineering Services was formed on Jun 1, 2018. The following transactions took place during the month of Jun: I The owner invested $20,000 cash in business. 2 Hired an office manager at a salary of $2,000 per month. 3 Purchased $2,500 of supplies on account from Jarir Bookstore. 7 Paid office rent of $900 cash for the month. 11 Completed a house blueprint and billed client $3,200 for services provided. 12 Received S3,500 advance on engineering consulting engagement. 17 Received cash of $1,200 for services completed for eXtra Store. 31 Paid office manager $2,000 salary for the month. 31 Paid S1,200 of balance due Jarir Bookstore. Jun Instructions: Journalize Jun transactions. Post transactions to General Ledger (G/L). Prepare the trail balance.
Expert Answer:
Answer rating: 100% (QA)
Debit Particular cash ac capital ac Date Credit 1Jun 20000 20000 Supplies a... View the full answer
Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
Posted Date:
Students also viewed these accounting questions
-
The following transactions took place during the month of February Feb 2 Performed services for $1,000 for a customer on account. Feb 3 Paid $800 in rent for the month of February. Feb 12 Received...
-
The following transactions took place during the year. (a) Recorded cash sales $8,000. (b) Purchased inventory for $1,500 cash. (c) Purchased new equipment $10,000; signed a short-term note payable...
-
The following transactions took place during the rst two weeks of operations of Not So Taxing, Inc., a walk-in tax preparation service. Mar.2 Issued common stock of the corporation in exchange for...
-
Julia Robertson is a senior at Tech, and she's investigating different ways to finance her final year at school. She is considering leasing a food booth outside the Tech stadium at home football...
-
DuPage County, Illinois, has a Convalescent Center that is reported as an Enterprise Fund. The following represents the pre-closing trial balance for the Convalescent Center as of the fiscal year...
-
Romine Company issued $350,000 of 8%, 20-year bonds on January 1, 2014, at face value. Interest is payable annually on January 1. Instructions Prepare the journal entries to record the following...
-
The Miller Company won a contract to build a shopping center at a price of \($240\) million. The following schedule details the estimated and actual costs of construction and the actual cash...
-
Conventional Retail and Dollar-Value LIFO Retail Mander Corporation began operations on January 1, 2010, with a beginning inventory of $34,300 at cost and $50,000 at retail. The following information...
-
Discuss appropriate conditions and temperatures for display and service to maintain optimum quality and food safety.
-
Ramada Company produces one golf cart model. A partially complete table of company costs follows: Required: 1. Complete the table. 2. Ramada sells its carts for $1,200 each. Prepare a contribution...
-
1. As part of their distribution strategy, companies must decide if they should pursue an intensive, selective or exclusive distribution. As discussed in relation to the 4Ps matrix, this choice...
-
At what point in its motion is the KE of a pendulum bob at a maximum? At what point is its PE at a maximum? Type your answer Question 5 --/2 When a driver applies the brakes to keep a car going...
-
Develop an LSTM-based model with an embedding layer based on the training subset of data (use 70% of data for model training)...
-
Apple business is currently operating in the country of China and you were asked to report on different aspects of the business as you consider international expansion. By now, you should have a good...
-
As a laudably skeptical physics student, you want to test Coulomb's law. For this purpose, you set up a measurement in which a proton and an electron are situated 947 nm from each other and you study...
-
Use any python prediction model(s) to predict the sales or product trend based on the consumer's comments on products in social media/transaction dataset. ...
-
Write about Walgreen and Target Here are the expectations: Why did you choose those particular companies? Briefly discuss what each company is doing in their diversity initiatives. Discuss any...
-
Determine the annual percentage yield for a loan that charges a monthly interest rate of 1.5% and compounds the interest monthly.
-
Kellogg Company has its headquarters in Battle Creek, Michigan. The company manufactures and sells ready-to-eat breakfast cereals and convenience foods including cookies, toaster pastries, and cereal...
-
The financial statements of Procter & Gamble (P&G) can be accessed at the books website. Instructions Refer to P&Gs financial statements and the accompanying notes to answer the following questions....
-
John Stiller maintains that the statement of cash flows is an optional financial statement. Do you agree? Explain.
-
The three general phases of analysis, design, and implementation are part of a ( _________________ ). (a) system development study (b) systems approach (c) expert system (d) decision support system
-
( ____________ ) is the first step in the systems approach. (a) systems design (b) stating objectives (c) systems analysis (d) systems evaluation
-
Characterize the organizational structure of the information system function.
Study smarter with the SolutionInn App