Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.how to write Journalize Transaction? Trevor Moore opened a law office on April 1, 2017. During the first month of operations, the business completed the

image text in transcribed

1.how to write Journalize Transaction?

Trevor Moore opened a law office on April 1, 2017. During the first month of operations, the business completed the following transactions: Apr. 1 3 4 7 11 15 16 Moore contributed $76,000 cash to the business, Trevor Moore, Attorney. The business gave capital to Moore. Purchased office supplies, $400, and furniture, $2,200, on account. Performed legal services for a client and received 5900 cash. Purchased a building with a market value of $120,000, and land with a market value of $29,000. The business paid $45,000 cash and signed a note payable to the bank for the remaining amount. Prepared legal documents for a client on account, $800. Paid assistant's semimonthly salary, $1,230. Paid for the office supplies purchased on April 3 on account. Received $2,800 cash for helping a client sell real estate. Defended a client in court and billed the client for $1,500. Received a bill for utilities, $650. The bill will be paid next month. Received cash on account, $1,700. Paid $4,800 cash for a 12-month insurance policy starting on May 1. Paid assistant's semimonthly salary, 51,230. Paid monthly rent expense, $1,100. Moore withdrew cash of $2,000. 18 19 25 28 29 29 30 30

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

Financial and Managerial Accounting

Authors: Horngren, Harrison, Oliver

3rd Edition

978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978

More Books

Students also viewed these Accounting questions

Question

What is a creeping takeover?

Answered: 1 week ago

Question

Does the research have to be based in an organisation?

Answered: 1 week ago

Question

Are implementable recommendations a requirement for the project?

Answered: 1 week ago