Question
2 Issued of 2,000 shares of preferred stock in exchange for a small parcel of land. (Market value of the land was $32,000; the new
2 Issued of 2,000 shares of preferred stock in exchange for a small parcel of land. (Market value of the land was $32,000; the new investor originally purchased it for $15,000). M2 2 Set up one cash register for the store that will keep a balance of $300.00. You will need to record the transfer. (Name the account Register Cash). M3. 2 Purchased Pillows and Plushies Inventory from PlushyTown, USA for $14,598.26. Ck. 101 3 Paid Old Owl Designs $4,500.00 for building an online Marketing Website. Ck. 102 4 Purchased $375.98 of Office supplies from Professionals R US. Ck. 103 4 Purchased $27,000 of Mattress and Beds Inventory from Sleep Distributors. Ck. 104 7 Record weekly Sales revenue of $78,106.61. S1 9 Paid Rub a Dub Dub $250.00 for Cleaning Supplies. Ck. 105 10 Spent $4,785.69 on Delivery Fuel from Gas N Stuff. Ck. 106 10 Rented delivery trucks from Rent a Truck for $5,698.21. Ck. 107 13 Purchased $29,329.56 of Mattress and Beds Inventory from Sleep E. Hollow. Ck. 108 14 Record weekly Sales revenue of $75,102.51. S2 15 Purchased $12,659.87 of Pillows and Plushies Inventory from Linens and Things. Ck. 109 15 Rented a street fair booth for the weekend from Robins Rentals for $9,000.00 Ck. 110 15 Paid Januarys building rent to Hundred Acres Realty for $7,000.00 Ck. 111 21 Record weekly Sales revenue of $66,090.21 S3 21 Void Ck. 112. Spilled honey pot on checkbook.
Printed on 04/20/22 at 2nd project PRE-Dreams, Inc. 22 Paid monthly utility bill to Power to the People for $2,500.00 Ck. 113 23 Purchased $13,135.25 of Pillows and Plushies Inventory from Linen and Things. Ck. 114 27 Purchased $25,897.42 of Mattress and Beds Inventory from Sleep Distributors. Ck. 115 28 Record weekly Sales revenue of $72,098.41 S4 28 Paid $13,500 to Department of Licensing for Corporate Set up fees. Ck. 116 31 Paid Ding a Ling $2,789.45 for internet/phone/fax bill. Ck. 117 31 Spent $1,593.57 to Fix a Flat on Delivery truck repairs. Ck. 118 31 Record weekly Sales revenue of $9,012.30
GENERAL JOURNAL them.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started