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Beverly Crusher is a Fcensed CPA. During the first month of operations of her business la sole proprietorship), the following events and transaction: occurred.
Beverly Crusher is a Fcensed CPA. During the first month of operations of her business la sole proprietorship), the following events and transaction: occurred. April Invested $32,000 cash and equipment valued at $14,000 in the business. 3 Hired an administrative assistant at a salary of $290 per week payable monthly. Purchased supplies on account $700 (Debit an asset account. Paid office rent of $600 for the month. 11 Completed a tax assignment and billed client $1,100 for services rendered. (Use Service Revenue account.) 12 Received $3,200 advance on a management consulting engagement. Received cash of $2.000 for services completed for Ferengi Co. 21 Paid insurance expense $110. 30 Paid administrative assistant $1.160 for the month. 20 A count of supplies indicated that $120 of supplies had been used. 30 Purchased a new computer for $6,100 with personal funds. The computer will be used exclusively for business purposes. Journalize the transactions in the general journal. (Credit account titles are automatically indented when amount is entered. Do not indent manually if no entry is required, select "No entry" for the account Ulles and enter for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries. Date > Account Titles and Explanation Equipment Owner's Chpital Salaries and Wages Expense Salaries and Wages Payable Supplies Accounts Payable Rent ExpensE Cash Debit 290 200 400 11 Accounts Receivable 1,100 Service Revenue 12 Accounts Receivable T.17 V Unearned Service Revenue Service Revenue Insurance Expense $200 110 Credit 44000 062 1100 2.300 110
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