Question
4 Geo Inc. had the following account balances on January 1, Year 2 Accounts Payable Accounts Receivable Cash Common Stock Equipment Notes Payable Retained
4 Geo Inc. had the following account balances on January 1, Year 2 Accounts Payable Accounts Receivable Cash Common Stock Equipment Notes Payable Retained Earnings Salaries and Wages Expense Supplies 713 1,800 17,500 15,000 2,900. 3,400 4,147 1,0601 During January, Year 2, Geo entered into the following transactions: A. Paid $713 on account for utilities that were used during December, Year 1 B. Purchased $463 of supplies for cash. C. Signed a rental agreement for office space and paid $5,100 in advance for six months of rent beginning February 1, Year 2 D. Purchased $17,500 of new equipment, signing a promissory note. E. Provided $30,000 of services. $20,000 was received in cash and $10,000 was provided on credit F. Paid workers $6,400 for work done in January. Required: Prepare journal entries for each of the following January activities, and post results to the relevant T-accounts. Compute the ending balance of each Tinunt Beginning balances have been entered. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Complete this question by entering your answers in the tabs below. General Journal T Accounts
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