Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.8/4 Your answer is partially correct. Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the previous part. For

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
1.8/4 Your answer is partially correct. Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the previous part. For accounts with zero balance select "Balance" from the list and enter "O' or leave it blank.) Cash Oct 1 77900 Oct 2 Oct 1 2400 3800 Oct.2 Oct 1 4700 . Oct. 2 Oct 1 2500 Oct 2 Oct. 16500 Oct 2 Oct 1 13 Oct 2 000 10 Balance Aerunts Receivable Accounts Receivable Oct. 27 v 3800 Oct. 27 3800 Oct. 27 3800 Oct. 27 3800 Supplies Oct. 16 480 Oct. 16 Oct. 16 480 Oct. 16 Equipment Oct. 7 4700 Oct 7 Oct 21300 Oct 7 Accounts Payable Oct 27 16500 Oct 27 16500 Accounts Payable Oct. 27 16500 Oct. 27 16500 Oct. 27 Oct. 27 500 Oct. 27 Oct. 27 480 Oct. 27 16500 Oct. 27 17480 Common Stock Oct. 1 Oct. 1 77900 Oct. 1 Oct. 31 77900 Service Revenue Oct 12 Oct 12 Oct. 12 3800 Oct. 12 3800 Service Revenue Oct. 12 Oct. 12 V 3800 Oct. 12 0 Oct. 12 3800 Advertising Expense Oct. 8 2500 Oct. 8 Oct. 8 2500 Oct. 8 Salaries and Wages Expense Oct. 31 6000 Oct. 31 Oct. 31 6000 Oct 31 Maintenance & Repairs Expense Oct 10 500 Oct. 10 Oct 10 Oct 10 Maintenance & Repairs Expense Oct. 10 500 Oct. 10 0 Oct. 10 500 Oct. 10 V 0 Rent Expense Oct. 4 2500 Oct. 4 Oct. 4 2500 Oct. 4 Utilities Expense Oct. 24 175 Oct 24 Oct 24 175 Oct 24 Swifty Corporation provides security services. Selected transactions for Swifty Corporation are presented below. Oct. 1 2 4 7 8 Issued common stock in exchange for $77.900 cash from investors. Hired part-time security consultant. Salary will be $2.400 per month. First day of work will be October 15 Paid 1 month of rent for building for $2.400. Purchased equipment for $21.200, paying $4,700 cash and the balance on account. Paid $2.500 for advertising. Received bill for equipment repair cost of $500. Provided security services for event for $3,800 on account. Purchased supplies for $480 on account Paid balance due from October 7 purchase of equipment. 10 12 16 21 24 Received and paid utility bill for $175. 27 Received payment from customer for October 12 services performed Pald employee salaries and wages of 56.000 31

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Consolations Of Economics How We Will All Benefit From The New World Order

Authors: Gerard Lyons

1st Edition

0571307795, 9780571307791

More Books

Students also viewed these Accounting questions

Question

Summarize the impact of a termination on the employee.

Answered: 1 week ago