Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. In good form, please record journal entries for the following transactions for month of April. 4/2 Betty Finch opened a travel agency called Finch

image text in transcribed
4. In good form, please record journal entries for the following transactions for month of April. 4/2 Betty Finch opened a travel agency called "Finch Travel" by investing $25,000. 4/4 Paid $900 for the current months rent. 4/10 Purchased office furniture for $10,000. Paid half and the balance on account 4/15 Hired a receptionist to be paid $800 every other week. 4/20 Provided service and billed client $1000. 4/22 Paid for balance due on furniture purchase of 4/10. 4/25 Collected $250 in advance as a deposit from a client for future travel. 4/28 Received a telephone bill $300, payable next month. 4/29 Collect one half of amount due from client for services provided on 4/20. 4/30 Paid receptionist bi-weekly salary. 4/30 Finch withdrew $500 from the business

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

Produktivitat Von Dienstleistungen

Authors: Klaus Moller, Wolfgang Schultze

3rd Edition

3658040858, 9783658040857

More Books

Students also viewed these Accounting questions