{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T09:11:01-04:00", "answer_date": "2024-05-26 09:11:01", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1731987", "url": "\/study-help\/questions\/ansactions-post-and-balance-p25a-lo-2-3-4-ap-1731987", "question_creation_date_js": "2024-05-26T09:11:01-04:00", "question_creation_date": "May 26, 2024 09:11 AM", "meta_title": "[Solved] ansactions, post, and balance. P2.5A (LO | SolutionInn", "meta_description": "Answer of - ansactions, post, and balance. P2.5A (LO 2, 3, 4) AP Grete Rodewald formed a dog grooming and training business called | SolutionInn", "meta_keywords": "ansactions,post,balance,p2.5a,lo,2,3,4,ap,grete,rodewald,formed", "question_title_h1": " ansactions, post, and balance. P2.5A (LO 2, 3, 4) AP Grete Rodewald formed a dog grooming and training business called Grete Kanines on September", "question_title": " ansactions, post, and balance. P2.5A (LO 2, 3, 4) AP Grete", "question_title_for_js_snippet": "ansactions, post, and balance P2 5A (LO 2, 3, 4) AP Grete Rodewald formed a dog grooming and training business called Grete Kanines on September 1, 2021 After consulting with a friend who had taken introductory accounting, Grete created a chart of accounts for the business as follows No 101 Cash No 112 Accounts Receiv able No 130 Prepaid Insurance No 151 Equipment No 201 Accounts Payable No 209 Unearned Revenue No 301 G Rodewald, Capital No 306 G Rodewald, Drawings No 400 Service Revenue No 610 Advertising Expense No 726 Rent Expense and No 737 Utilities Expense During September, the following events and transactions occurred Sept 1 Grete transferred $9,630 from her personal bank account to a bank account under the company name Grete Kanines 2 Signed a one year rental agreement for $690 per month Paid the first month's rent 29 30 30 30 2 5 Paid $750 for a one year insurance policy effective September 1, 2021 Purchased $2,640 of equipment on credit 7 Paid $420 for advertising in several community newsletters in September Collected $500 cash for providing dog grooming services 13 21 24 24 28 Attended a dog show and provided $800 of dog grooming services for one of the major kennel owners The kennel owner will pay the amount owing within two weeks Collected $540 from the kennel owner for the services provided on September 21 The kennel owner promised to pay the rest on October 2 Paid $210 for utilities for the month of September Paid $1,470 of the amount owed from the September 5 equipment purchase Received $860 cash for dog training lessons that will start on October 10 Collected $1,045 cash for providing dog grooming services Paid the owner, Grete Rodewald, $1,490 for her personal use Problems Set A 2 ", "question_description": "\"image", "transcribed_text": "ansactions, post, and balance. P2.5A (LO 2, 3, 4) AP Grete Rodewald formed a dog grooming and training business called Grete Kanines on September 1, 2021. After consulting with a friend who had taken introductory accounting, Grete created a chart of accounts for the business as follows: No. 101 Cash; No. 112 Accounts Receiv- able; No. 130 Prepaid Insurance; No. 151 Equipment; No. 201 Accounts Payable; No. 209 Unearned Revenue; No. 301 G. Rodewald, Capital; No. 306 G. Rodewald, Drawings; No. 400 Service Revenue; No. 610 Advertising Expense; No. 726 Rent Expense; and No. 737 Utilities Expense. During September, the following events and transactions occurred: Sept. 1 Grete transferred $9,630 from her personal bank account to a bank account under the company name Grete Kanines. 2 Signed a one-year rental agreement for $690 per month. Paid the first month's rent. 29 30 30 30 2 5 Paid $750 for a one-year insurance policy effective September 1, 2021. Purchased $2,640 of equipment on credit. 7 Paid $420 for advertising in several community newsletters in September. Collected $500 cash for providing dog grooming services. 13 21 24 24 28 Attended a dog show and provided $800 of dog grooming services for one of the major kennel owners. The kennel owner will pay the amount owing within two weeks. Collected $540 from the kennel owner for the services provided on September 21. The kennel owner promised to pay the rest on October 2. Paid $210 for utilities for the month of September. Paid $1,470 of the amount owed from the September 5 equipment purchase. Received $860 cash for dog training lessons that will start on October 10. Collected $1,045 cash for providing dog grooming services. Paid the owner, Grete Rodewald, $1,490 for her personal use. Problems: Set A 2-", "related_book": { "title": "Intermediate Accounting", "isbn": "9780470374948, 470423684, 470374942, 978-0470423684", "edition": "13th Edition", "authors": "Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/11.jpg", "uri": "\/textbooks\/intermediate-accounting-13th-edition-470423684", "see_more_uri": "" }, "free_related_book": { "isbn": "0807755745", "uri": "\/textbooks\/effective-classroom-management-the-essentials-1st-edition-9780807755747-104019", "name": "Effective Classroom Management The Essentials", "edition": "1st Edition" }, "question_posted": "2024-05-26 09:11:01", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/if-the-demand-during-review-cycle-is-equal-to-12-712937", "description": "If the demand during review cycle is equal to 12, the demand during lead time is 11, and the safety stock is equal to 8, what is the order point? 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