7. L2 Question 4.pdf (page) Question 4 of 5 - / 10 View Policies Current Attempt in Progress Oct. 1 2 8 Cheyenne Corp.provides security services. Selected transactions for Cheyenne Corp. are presented below. Issued common stock in exchange for $54,100 cash from investors. Hired part-time security consultant. Salary will be $1,600 per month. First day of work will be October 15. 4 Paid 1 month of rent for building for $1,600. 7 Purchased equipment for $14,800, paying $3,300 cash and the balance on account Paid $800 for advertising. Received bill for equipment repair cost of $330. Provided security services for event for $2,600 on account. Purchased supplies for $340 on account. Paid balance due from October 7 purchase of equipment 24 Received and paid utility bill for $121. Received payment from customer for October 12 services performed. Paid employee salaries and wages of $4,200, 10 12 16 21 27 31 Part 1 Journalize the transactions. (If no entry is required, select "No entry for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Cheyenne Corp. provides security services. Selected transactions for Cheyenne Corp. are presented below. Oct. 1 2 4 7 8 10 12 Issued common stock in exchange for $54,100 cash from investors. Hired part-time security consultant. Salary will be $1,600 per month. First day of work will be October 15. Paid 1 month of rent for building for $1,600. Purchased equipment for $14,800, paying $3,300 cash and the balance on account Paid $800 for advertising Received bill for equipment repair cost of $330. Provided security services for event for $2,600 on account. Purchased supplies for $340 on account. Paid balance due from October 7 purchase of equipment Received and paid utility bill for $121. Received payment from customer for October 12 services performed. Paid employee salaries and wages of $4,200. 21 24 27 31 Part 1 Your answer is partially correct Journalize the transactions. Of no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Oct. 1 Cash 54.100 Common Stock Oct 2 No Entry 85 No Entry Oct 4 Rent Expense 1600 Cash 160 Oct. 7 Equipment 3.30 Cashi Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the previous part. For accounts with zero balance select "Balance from the list and enter"0" or leave it blank) Cash Oct. 1 54100 Oct. 12 Oct. 16 Oct. 4 1600 Oct. 21 11500 Oct. 7 3300 Oct 24 121 Oct 8 400 Oct. 27 2600 Oct. 31 4200 Balance 35579 Accounts Receivable Oct. 12 2600 Balance 2600 Supplies Oct. 16 340 Balance 340 340-+ Balance Equipment Oct. 7 14800 Balance 14800 Balance 14800 Accounts Payable Balance 11500 Balance 11500 Oct. 10 320 340 Oct. 16 Balance 880 Oct. 16 340 Balance 660 Common Stock Oct. 1 54100 Service Revenue Oct. 12 2600 Advertising Expense Oct. 8 400 Salaries and Wages Expense Oct 31 4200 Maintenance & Repairs Expense Oct. 10 320 Balance 320 Rent Expense Oct.4 1600 Balance 1600 Balance 1600 Utilities Expense Oct 24 v 121 Balance 21 MacBook Air List of Accounts Save for Later Attempts: 7 of 15 used Submit Answer Part 3 Prepare a trial balance at October 31, 2022 CHEYENNE CORP. Trial Balance For the Month Ended October 31, 2022 Debit Credit + $ $ e Textbook and Media Assistance Used List of Accounts Attempts: 0 of 15 used Submit Answer Save for Later Last saved 3 hours ago
