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Business transactions completed by Hannah Venedict during the month of September are as follows. . Venedict invested $82,000 cash along with office equipment valued at

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Business transactions completed by Hannah Venedict during the month of September are as follows. . Venedict invested $82,000 cash along with office equipment valued at $23,000 in a new business named HV Consulting in exchange for common stock. b. The company purchased land valued at $40,000 and a building valued at $155,000. The purchase is paid with $25,000 cash and a long-term note payable for $170,000. c. The company purchased $2,500 of office supplies on credit. d. Venedict invested her personal automobile in the company in exchange for more common stock. The automobile has a value of $16,200 and is to be used exclusively in the business. e. The company purchased $5,300 of additional office equipment on credit f. The company paid $1,700 cash salary to an assistant. g. The company provided services to a client and collected $7,400 cash. h. The company paid $645 cash for this month's utilities. The company paid $2,500 cash to settle the account payable created in transaction c. j. The company purchased $20,500 of new office equipment by paying $20,500 cash. k. The company completed $6,250 of services for a client, who must pay within 30 days. IL. The company paid $1,600 cash salary to an assistant. m. The company received $4,000 cash in partial payment on the receivable created in transaction k n. The company paid a $2,900 cash dividend. Required: 1. Prepare general journal entries to record these transactions using the following titles: Cash (101): Accounts Receivable (106): Office Supplies (108); Office Equipment (163): Automobiles (164): Building (170) Land (172): Accounts Payable (201) Notes Payable (250) Common Stock (307): Dividends (319) Fees Earned (402): Salaries Expense (601); and Utilities Expense (602). 2. Post the journal entries from part 1 to the ledger accounts. 3. Prepare a trial balance as of the end of September. Required 1 Required 2 Required 3 Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Office Supplies (108); Office Equipment (163); Automobiles (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); Common Stock (307); Dividends (319); Fees Earned (402); Salaries Expense (601); and Utilities Expense (602). View transaction list Journal entry worksheet 1 2 34567 14 Venedict invested $82,000 cash along with office equipment valued at $23,000 in a new business named HV Consulting in exchange for common stock. Note: Enter debits before credits. Transaction Account Title Debit Credit Record entry Clear entry View general journal Show less a + Complete this question by entering your answers in the tabs below. 1:39:07 ok ences Required 1 Required 2 Required 3 Post the journal entries from part 1 to the ledger accounts. 101: Cash Transaction Debit Credit Balance Transaction 106: Accounts Receivable Debit Credit Balance Transaction 108: Office Supplies Debit Credit Balance Transaction 163: Office Equipment Debit Credit Balance 164: Automobiles Transaction Debit Credit Balance Transaction 170: Building Debit Credit Balance 172: Land 201: Accounts Payable Transaction Debit Credit Balance Transaction Debit Credit Balance Transaction 250: Notes Payable Debit Credit Balance Transaction 307: Common Stock Debit Credit Balance 319: Dividends Transaction Debit Credit Balance Transaction 402: Fees Earned Debit Credit Balance 601: Salaries Expense 602: Utilities Expense Transaction Debit Credit Balance Transaction Debit Credit Balance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a trial balance as of the end of September. HV CONSULTING Trial Balance September 30 Debit Credit Totals $ 0 $ 0

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