Question
1 Evan Hackam contributed $ 28 comma 000 and a truck, with a market value of $ 14 comma 000, to the business in exchange
1 Evan Hackam contributed $ 28 comma 000 and a truck, with a market value of $ 14 comma 000, to the business in exchange for capital. 2 The business paid $ 1 comma 600 to Power Properties for November through February rent. (Debit Prepaid Rent) 3 Paid $ 1 comma 800 for a business insurance policy for the term November 1, 2018 through October 31, 2019. (Debit Prepaid Insurance) 4 Purchased cleaning supplies on account, $ 400. 5 Purchased on account an industrial vacuum cleaner costing $ 2 comma 500. The invoice is payable November 25. 7 Paid $ 2 comma 700 for a computer and printer. 9 Performed cleaning services on account in the amount of $ 3 comma 000. 10 Received $ 300 for services rendered on November 9. 15 Paid employees, $ 750. 16 Received $ 9 comma 000 for a 1-year contract beginning November 16 for cleaning services to be provided. Contract begins November 16, 2018, and ends November 15, 2019. (Credit Unearned Revenue) 17 Provided cleaning services and received $ 800 cash. 18 Received a utility bill for $ 200 with a due date of December 4, 2018. (Use Accounts Payable) 20 Borrowed $ 15 comma 000 from bank with interest rate of 12% per year. 21 Received $ 1 comma 500 on account for services performed on November 9. 25 Paid $ 1 comma 250 on account for vacuum cleaner purchased on November 5. 29 Paid $ 400 for advertising. 30 Hackam withdrew cash of $ 1 comma 500 from the business. Consider the following transactional data for the first month of operations for Sir Cleansalot Cleaning. LOADING...(Click the icon to view the transactions.) Read the requirementsLOADING.... Requirement 1. Journalize the transactions, using the following accounts: Cash; Accounts Receivable; Cleaning Supplies; Prepaid Rent; Prepaid Insurance; Equipment; Truck; Accounts Payable; Unearned Revenue; Notes Payable; Hackam, Capital; Hackam, Withdrawals; Service Revenue; Salaries Expense; Advertising Expense; and Utilities Expense. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Nov. 1: Evan Hackam contributed $ 28 comma 000 and a truck, with a market value of $ 14 comma 000, to the business in exchange for capital. Date Accounts Debit
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