Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Account Number Account Name 101 Cash 106 Accounts Receivable 126 Computer Supplies 128 Prepaid Insurance 131 Prepaid Rent 163 Office Equipment 167 Computer Equipment 201

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Account Number Account Name 101 Cash 106 Accounts Receivable 126 Computer Supplies 128 Prepaid Insurance 131 Prepaid Rent 163 Office Equipment 167 Computer Equipment 201 Accounts Payable 301 Aster Turane, Capital Account Number Account Name 302 Aster Turane, Withdrawals 403 Computer Services Revenue 623 Wages Expense 655 Advertising Expense 676 Mileage Expense 678 Rent Expense 679 Insurance Expense 684 Repairs Expense, Computer 699 Charitable Donations Expense Oct. 1 Aster Turane invested $49,000 cash, a $18,000 computer system, and $17,000 of office equipment in the business. 2 Paid six months of rent in advance: $9,000. 3 Purchased computer supplies on credit for $1,975 from Triple-One Supplies. 5 Paid $24,000 cash for one year's premium on a property and liability insurance policy 6 Billed Norton Electric $11,300 for installing a new computer system. 8 Paid for the computer supplies purchased from Triple-One Supplies 10 Hired Donald Gee as a part-time assistant for $345 per day, as needed. 12 Billed Norton Electric another $1,850 for computer services rendered. 15 Received $1,650 from Norton Electric on its account. 17 Paid $400 to repair equipment damaged when moving into the new office. 20 Paid $2,400 for an advertisement in the local newspaper. 22 Received the balance owing from Norton Electric on its account. 28 Billed Whistler Resort $6,400 for services. 31 Paid Donald Gee for nine days' work. 31 Aster Turane withdrew $1.200 cash from the business for personal use. 1.Balance Of office equipment at the month end? 2.Balnce Of total liabilities and equity at the end of month? 3.Advertising expense is this month? 4.Balance of Computer Suplies account at the month end? 5.Balance of total current assets at the month end? 1. Balance prepaid rent account at the month end? 2.Balance prepaid insurance account the month end? 3.Balance of total asstes at the month end? 4.How much is total expense is this month? 5.Wage expense is this month? 6. Balance of cash account at the month end? 7.Balance of total fixed asstes at the month end

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

Step: 3

blur-text-image

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

Microeconomics

Authors: Michael Parkin

6th Edition

0321112075, 9780321112071

More Books

Students also viewed these Accounting questions

Question

2 What can organisations do to improve employee utilisation?

Answered: 1 week ago

Question

4 When is it a good idea to use the external supply of labour?

Answered: 1 week ago

Question

3. What would you do now if you were Mel Fisher?

Answered: 1 week ago