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1 33.33 points Business transactions completed by Hannah Venedict during the month of September are as follows. a. Venedict invested $84,000 cash along with office
1 33.33 points Business transactions completed by Hannah Venedict during the month of September are as follows. a. Venedict invested $84,000 cash along with office equipment valued at $23,000 in a new business named HV Consulting in exchange for common stock. b. The company purchased land valued at $40,000 and a building valued at $165,000. The purchase is paid with $25,000 cash and a long-term note payable for $180,000. c. The company purchased $2,100 of office supplies on credit. d. Venedict invested her personal automobile in the company in exchange for more common stock. The automobile ha a value of $16,500 and is to be used exclusively in the business. e. The company purchased $5,900 of additional office equipment on credit. f. The company paid $1,900 cash salary to an assistant. g. The company provided services to a client and collected $8,000 cash. h. The company paid $635 cash for this month's utilities. i. The company paid $2,100 cash to settle the account payable created in transaction c. j. The company purchased $20,200 of new office equipment by paying $20,200 cash. k. The company completed $6,500 of services for a client, who must pay within 30 days. 1. The company paid $1,700 cash salary to an assistant. m. The company received $4,500 cash in partial payment on the receivable created i transaction k. n. The company paid a $2,900 cash dividend. Required: 1. Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivab (106): Office Supplies (108): Office Equipment (163); Automobiles (164); Building (170); Land (172): Accounts Payable (201 Notes Payable (250); Common Stock (307); Dividends (319); Fees Earned (402); Salaries Expense (601); and Utilities Expense (602). 2. Post the journal entries from part 1 to the ledger accounts. 3. Prepare a trial balance as of the end of September. Answer is not complete. Complete this question by entering your answers in the tabs below. Required Required Required 1 2 3 Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Office Supplies (108); Office Equipment (163); Automobiles (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); Common Stock (307); Dividends (319); Fees Earned (402); Salaries Expense (601); and Utilities Expense (602). Show less No Tranasaction Account Title Debit Credit 1 a Cash 84,000 Office equipment 23,000 Land X 107.000 SOX 58 2 b Land Cash 3 C Office supplies Office equipment 4 d Automobiles 5 e Office equipment 6 f Salaries expense Cash 7 g Cash SSSSS 8 h Utilities expense Cash 1 X Answer is not complete. Complete this question by entering your answers in the tabs below. 33.33 points Required Required Required 1 2 3 Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Office Supplies (108); Office Equipment (163); Automobiles (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); Common Stock (307); Dividends (319); Fees Earned (402); Salaries Expense (601); and Utilities Expense (602). Show less No Tranasaction Account Title Debit Credit 1 Cash 84,000 Office equipment 23,000 Land 107,000 a 2 b Land Cash x 3 " Office supplies Office equipment X 4 d Automobiles 5 e Office equipment 6 f Salaries expense Cash 7 g Cash 8 h Utilities expense XX SSSSSSS 53 X 33 Cash 9 i Cash Office equipment 10 j Office equipment Cash 11 k Accounts payable 12 1 Salaries expense Cash 13 m Cash Building x 14 n Dividends Cash 9 Required 1 Required 2 > 1 33.33 points Business transactions completed by Hannah Venedict during the month of September are as follows. a. Venedict invested $84,000 cash along with office equipment valued at $23,000 in a new business named HV Consulting in exchange for common stock. b. The company purchased land valued at $40,000 and a building valued at $165,000. The purchase is paid with $25,000 cash and a long-term note payable for $180,000. c. The company purchased $2,100 of office supplies on credit. d. Venedict invested her personal automobile in the company in exchange for more common stock. The automobile has a value of $16,500 and is to be used exclusively in the business. e. The company purchased $5,900 of additional office equipment on credit. f. The company paid $1,900 cash salary to an assistant g. The company provided services to a client and collected $8,000 cash. h. The company paid $635 cash for this month's utilities. 1. The company paid $2,100 cash to settle the account payable created in transaction c. j. The company purchased $20,200 of new office equipment by paying $20,200 cash. k. The company completed $6,500 of services for a client, who must pay within 30 days. 1. The company paid $1,700 cash salary to an assistant m. The company received $4,500 cash in partial payment on the receivable created in transaction k. n. The company paid a $2,900 cash dividend. Required: 1. Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Office Supplies (108): Office Equipment (163); Automobiles (164): Building (170); Land (172); Accounts Payable (201): Notes Payable (250); Common Stock (307); Dividends (319): Fees Earned (402); Salaries Expense (601); and Utilities Expense (602). 2. Post the journal entries from part 1 to the ledger accounts. 3. Prepare a trial balance as of the end of September. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Post the journal entries from part 1 to the ledger accounts. 101: Cash Debit Credit 106: Accounts Receivable Debit Credit Transaction Balance Transaction Balance 1 2. Post the journal entries from part to the leuger accounts. 3. Prepare a trial balance as of the end of September Answer is not complete. 33.33 points Complete this question by entering your answers in the tabs below. Required Required Required 1 2 3 Post the journal entries from part 1 to the ledger accounts. 101: Cash 106: Accounts Receivable Transaction Debit Credit Balance Transaction Debit Credit Balance 108: Office Supplies Debit Credit 163: Office Equipment Transaction Debit Credit Transaction Balance Balance 164: Automobiles Debit Credit 170: Building Debit Credit Transaction Balance Transaction Balance 172: Land Debit Credit 201: Accounts Payable Transaction Debit Credit Transaction Balance Balance 250: Notes Payable Debit Credit 307: Common Stock Debit Credit Transaction Balance Transaction Balance 319: Dividends Debit Credit Transaction Balance 402: Fees Earned Debit Credit Transaction Balance 601: Salaries Expense Transaction Debit Credit 602: Utilities Expense Transaction Debit Credit Balance Balance 1 Business transactions completed by Hannah Venedict during the month of September are as follows. 33.33 points a. Venedict invested $84,000 cash along with office equipment valued at $23,000 in a new business named HV Consulting in exchange for common stock. b. The company purchased land valued at $40,000 and building valued at $165,000. The purchase is paid with $25,000 cash and a long-term note payable for $180,000. c. The company purchased $2,100 of office supplies on credit. d. Venedict invested her personal automobile in the company in exchange for more common stock. The automobile has a value of $16,500 and is to be used exclusively in the business. e. The company purchased $5,900 of additional office equipment on credit. f. The company paid $1,900 cash salary to an assistant g. The company provided services to a client and collected $8,000 cash. h. The company paid $635 cash for this month's utilities. i. The company paid $2,100 cash to settle the account payable created in transaction c. j. The company purchased $20,200 of new office equipment by paying $20,200 cash. k. The company completed $6,500 of services for a client, who must pay within 30 days. 1. The company paid $1,700 cash salary to an assistant. m. The company received $4,500 cash in partial payment on the receivable created in transaction k. n. The company paid a $2,900 cash dividend. Required: 1. Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106): Office Supplies (108): Office Equipment (163); Automobiles (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250): Common Stock (307); Dividends (319); Fees Earned (402); Salaries Expense (601); and Utilities Expense (602). 2. Post the journal entries from part 1 to the ledger accounts. 3. Prepare a trial balance as of the end of X Answer is not complete. Complete this question by entering your answers in the tabs below. Required Required Required Prepare trial balance as of the end of September. HV CONSULTING Trial Balance September 30 Debit Credit Totals 0 $ 0
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