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Business transactions completed by Hannah Venedict during the month of September are as follows. a. Venedict invested $82,000 cash along with office equipment valued at
Business transactions completed by Hannah Venedict during the month of September are as follows. a. Venedict invested $82,000 cash along with office equipment valued at $20,000 in a new business named HV Consulting in exchange for common stock. b. The company purchased land valued at $50,000 and a building valued at $155,000. The purchase is paid with $35,000 cash and a note payable for $170,000. c. The company purchased $2.000 of office supplies on credit. d. Venedict invested an automobile in the company in exchange for more common stock. The automobile has a value of $16,200. e. The company purchased $5,100 of additional office equipment on credit. f. The company paid $1,900 cash salary to an assistant. g. The company provided services to a client and collected $7,600 cash. h. The company paid $630 cash for this month's utilities. L. The company paid $2,000 cash to settle the account payable created in transaction c J. The company purchased $20.400 of new office equipment by paying $20,400 cash. k. The company completed $6,750 of services on credit for a client, who must pay within 30 days. 1. The company paid $2,000 cash salary to an assistant. m. The company received $3.500 cash in partial payment on the receivable created in transaction k n. The company paid a $2.700 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); Consulting Revenue (403) 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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); Consulting Revenue (403); 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. Complete this question by entering your answers in the tabs below. 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); Consulting Revenue (403); Salaries Expense (601); and Utilities Expense (602). View transaction list Journal entry worksheet
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