Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Berkey Photography Journal Entries December 31st Date Particular Amount (DR) Amount( Cr) 1-Dec Cash 31,000.00 To Common Stock 31,000.00 Being amount contributed by Ike Cream

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Berkey Photography Journal Entries December 31st Date Particular Amount (DR) Amount( Cr) 1-Dec Cash 31,000.00 To Common Stock 31,000.00 Being amount contributed by Ike Cream in exchange of 10000 common stock 1-Dec Office Equipment 11.160.00 To Cash 11,160.00 Being amount of Equipment purchases) 1-Dec Prepaid Rent 2,200.00 To Cash 2.200.00 (Being amount of rent paid in advance for the first two months) 4-Dec Cash 3,800.00 To Unearmed Service Revenue (Being amount of cash received from Kim Jong and Vince Molinari for their june wedding) 3,800.00 9-Dec Cash 3,240.00 To Unearned Service Revenue 3,240.00 Being amount received from Edward Taylor for late December photo shoot) 12-Dcc Supplics 2,100.00 To Accounts Payable 2,100.00 Being amount of photography supplies received on account) 15-Dec Accounts Receivable 6,800.00 To Service Revenue 6,800.00 Being amount due for service performed)

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

Democratic Audit Of Poland 2014

Authors: Radoslaw Markowski, Michal Kotnarowski, Michal Wenzel, Marta Zerkowska-Balas

1st Edition

3631656912, 978-3631656914

More Books

Students also viewed these Accounting questions