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1. Acquired $39,000 cash from the issue of common stock on January 1, 2018. 2. Purchased $1,750 of supplies on account. 3. Paid $6,480 cash
1. Acquired $39,000 cash from the issue of common stock on January 1, 2018. 2. Purchased $1,750 of supplies on account. 3. Paid $6,480 cash in advance for a one-year lease on office space. 4. Earned $47,350 of revenue on account. 5. Incurred $15,350 of other operating expenses on account. 6. Collected $33,500 cash from accounts receivable. 7. Paid $9,950 cash on accounts payable. 8. Paid a $4,900 cash dividend to the stockholders. Adjusting Entries information 9. There was $340 of supplies on hand at the end of the accounting period. 10. The lease on the office space covered a one-year period beginning November 1. 11. There was $5,500 of accrued salaries at the end of the period. Required a. Record these transactions in general journal form. b. Post the transaction data from the journal to ledger T-accounts. c. Prepare a trial balance. d-1. Prepare an income statement. d-2. Prepare a statement of changes in stockholders' equity. d-3. Prepare a balance sheet. d-4. Prepare a statement of cash flows. Complete this question by entering your answers in the tabs below. Reg A Req B Reqc Reg D1 Reg D2 Reg D3 Reg D4 Record these transactions in general journal form. (If no entry is required for a event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Acquired $39,000 cash from the issue of common stock on January 1, 2018. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal Journal entry worksheet Purchased $1,750 of supplies on account. Note: Enter debits before credits. Event 2 General Journal Debit Credit Record entry Clear entry View general journal Req A ReqB > Journal entry worksheet Paid $6,480 cash in advance for a one-year lease on office space. Note: Enter debits before credits. Event General Journal Debit Credit 3 Record entry Clear entry View general journal Journal entry worksheet Earned $47,350 of revenue on account. Note: Enter debits before credits. Event General Journal Debit Credit 4 Record entry Clear entry View general journal Journal entry worksheet Incurred $15,350 of other operating expenses on account. Note: Enter debits before credits. General Journal Debit Credit Event 5 Record entry Clear entry View general journal Journal entry worksheet Journal entry worksheet Journal entry worksheet Journal entry worksheet There was $340 of supplies on hand at the end of the accounting period. Note: Enter debits before credits. Event General Journal Debit Credit 9 Record entry Clear entry View general journal Journal entry worksheet Journal entry worksheet
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