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101-114 Accounting Principles - Fall 2021 Amanda Sarenac | 10/02/218:52 AM E Homework: Practice Set -... Question 1, PSF2-42 (sl... Part 1 of 24 >
101-114 Accounting Principles - Fall 2021 Amanda Sarenac | 10/02/218:52 AM E Homework: Practice Set -... Question 1, PSF2-42 (sl... Part 1 of 24 > HW Score: 0%, 0 of 50 points O Points: 0 of 50 Save Consider the following transactional data for the first month of operations for Sparklo Time Cleaning (Click the icon to view the transactions) Road the requirements Requirement 1. Journalize the transactions, using the following accounts Cash, Accounts Receivable Cleaning Supplies, Prepaid Rent Propaid insurance Equipment, Truck Accounts Payable, Unoamned Revenue, Notes Payable, Hayman, Capital Hayman, 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 Bon Hayman contributed 528,000 and a truck, with a market value of $9,000, to the business n exchange for capital Date Accounts Debit Credit Nov 1 Clear All Check Answer ned e Text Pages Calculator Get More Help o Type here to search 899 More Info Nov. 1 Ben Hayman contributed $28,000 and a truck, with a market value of $9,000 to the business in exchange for capital Nov. 2 The business paid $2,400 to Poolside Properties for November through February rent. (Debit Prepaid Rent) Nov. 3 Paid $1,200 for a business insurance policy for the term November 1, 2024 through October 31, 2025. (Debit Prepaid Insurance) Nov. 4 Purchased cleaning supplies on account, $340 Nov.5 Purchased on account an industrial vacuum cleaner costing $6,000. The invoice is payable November 25 Nov. 7 Paid $1,800 for a computer and printer Nov.9 Performed cleaning services on account in the amount of $4.400 Nov. 10 Received $1,300 for services rendered on November 9 Nov. 15 Paid employees, $350 Nov. 16 Received $33,000 for a 1-year contract beginning November 16 for cleaning services to be provided Contract begins November 16, 2024, and ends November 15,2025 (Credit Unearned Revenue) Nov. 17 Provided cleaning services and received 51 200 cash Nou 10 anni din data 10 Print Done Get More Help Clear All Check O elt n 199. 6 Nov. 10 Received $1,300 for services rendered on November 9. Nov. 15 Paid employees, $350 Nov. 16 Received $33,000 for a 1-year contract beginning November 16 for cleaning services to be provided. Contract begins November 16, 2024, and ends November 15, 2025. (Credit Unearned Revenue) Nov. 17 Provided cleaning services and received $1,200 cash Nov. 18 Received a utility bill for $340 with a due date of December 4, 2024. (Use Accounts Payable) Nov. 20 Borrowed $56,000 from bank with interest rate of 9% per year. Nov. 21 Received $800 on account for services performed on November 9 Nov. 25 Paid $3,000 on account for vacuum cleaner purchased on November 5. Nov. 29 Paid $800 for advertising Nov. 30 Hayman withdrew cash of $1,100 from the business. Print Done 101-114 Accounting Principles - Fall 2021 Amanda Sarenac | 10/02/218:52 AM E Homework: Practice Set -... Question 1, PSF2-42 (sl... Part 1 of 24 > HW Score: 0%, 0 of 50 points O Points: 0 of 50 Save Consider the following transactional data for the first month of operations for Sparklo Time Cleaning (Click the icon to view the transactions) Road the requirements Requirement 1. Journalize the transactions, using the following accounts Cash, Accounts Receivable Cleaning Supplies, Prepaid Rent Propaid insurance Equipment, Truck Accounts Payable, Unoamned Revenue, Notes Payable, Hayman, Capital Hayman, 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 Bon Hayman contributed 528,000 and a truck, with a market value of $9,000, to the business n exchange for capital Date Accounts Debit Credit Nov 1 Clear All Check Answer ned e Text Pages Calculator Get More Help o Type here to search 899 More Info Nov. 1 Ben Hayman contributed $28,000 and a truck, with a market value of $9,000 to the business in exchange for capital Nov. 2 The business paid $2,400 to Poolside Properties for November through February rent. (Debit Prepaid Rent) Nov. 3 Paid $1,200 for a business insurance policy for the term November 1, 2024 through October 31, 2025. (Debit Prepaid Insurance) Nov. 4 Purchased cleaning supplies on account, $340 Nov.5 Purchased on account an industrial vacuum cleaner costing $6,000. The invoice is payable November 25 Nov. 7 Paid $1,800 for a computer and printer Nov.9 Performed cleaning services on account in the amount of $4.400 Nov. 10 Received $1,300 for services rendered on November 9 Nov. 15 Paid employees, $350 Nov. 16 Received $33,000 for a 1-year contract beginning November 16 for cleaning services to be provided Contract begins November 16, 2024, and ends November 15,2025 (Credit Unearned Revenue) Nov. 17 Provided cleaning services and received 51 200 cash Nou 10 anni din data 10 Print Done Get More Help Clear All Check O elt n 199. 6 Nov. 10 Received $1,300 for services rendered on November 9. Nov. 15 Paid employees, $350 Nov. 16 Received $33,000 for a 1-year contract beginning November 16 for cleaning services to be provided. Contract begins November 16, 2024, and ends November 15, 2025. (Credit Unearned Revenue) Nov. 17 Provided cleaning services and received $1,200 cash Nov. 18 Received a utility bill for $340 with a due date of December 4, 2024. (Use Accounts Payable) Nov. 20 Borrowed $56,000 from bank with interest rate of 9% per year. Nov. 21 Received $800 on account for services performed on November 9 Nov. 25 Paid $3,000 on account for vacuum cleaner purchased on November 5. Nov. 29 Paid $800 for advertising Nov. 30 Hayman withdrew cash of $1,100 from the business. Print Done
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