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Analyze the following transactions with the accounts to be impacted Group of answer choices On April 1 , 2 0 1 8 , an information
Analyze the following transactions with the accounts to be impacted
Group of answer choices
On April an information technology IT consulting company, received $ cash for common stock
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Purchased $ of office supplies on account on April
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On April provided IT consulting services for a client and collected $ cash.
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Provided IT consulting services of $ for clients on April The clients will pay in the future.
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Paid cash expenses on April : salaries of $ and office rent of $
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On April Paid $ on accounts payable
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Collected $ cash on April from a client
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On April paid $ for dividends.
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On April prepaid office rent of $ for the months of May, June and July.
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Paid $ salaries to employees on April
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Purchased a building for $ on April A note payable was issued for the entire amount.
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On April received a contribution of furniture with a fair market value of $ in exchange for common stock
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Received a cell phone bill for $ on April and will pay this amount in May.
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On April client pays $ in advance for consulting services to be performed during May and June. Choose
Debit Office supplies and credit accounts payable
Debit Prepaid Rent and credit cash
Debit Cash Credit Service Revenue
Debit Utilities Expense and Credit Utilities Payable
Debit Dividends and credit cash
Debit Accounts Receivable and Credit Service Revenue
Debit Cash and Credit Unearned Service Revenue
Debit Furniture and Credit Common Stock
Debit Salaries Expense, Debit Rent Expense, and Credit Cash
Debit Building and Credit Notes Payable
Debit Cash and Credit Accounts Receivable
Debit Cash Credit Common Stock
Debit Salaries expense and credit cash
Debit Accounts Payable and Credit Cash
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