Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3) Anya Smith started Geek Speak, a computer consulting business, in February, 2021. The company completed the following transactions during March, 2021: 1. Geek Speak

3) Anya Smith started Geek Speak, a computer consulting business, in February, 2021. The company completed the following transactions during March, 2021: 1. Geek Speak paid Anya a dividend of $1,000. 2. Received partial payment from customers on account, $1,500. 3. Purchased a new computer for $1,800 and paid cash. 4. Borrowed $10,000 from the bank and signed a note payable. 5. Paid the employees their monthly salary of $2,800. 6. Recorded $4,000 of revenue on account and mailed invoices to the customers. 7. Purchased office supplies of $600 on account. 8. Paid for the office supplies purchased on account, $600. Required: Journalize the transactions. Explanations are not required (10 marks). 3

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

Managerial Accounting An Introduction To Concepts Methods And Uses

Authors: Arnold I. Davidson

2nd Edition

0030597269, 978-0030597268

More Books

Students also viewed these Accounting questions

Question

=+ Is secondary industrial action common and/or legal?

Answered: 1 week ago

Question

=+What sanctions are available to employers

Answered: 1 week ago

Question

=+ If strikes occur, are they legally regulated?

Answered: 1 week ago