Business transactions completed by Hannah Venedict during the month of September are as follows.

a.	Venedict invested $88,000 cash along with office equipment valued at $23,000 in exchange for common stock of a new company named HV Consulting.
b.	The company purchased land valued at $45,000 and a building valued at $155,000. The purchase is paid with $35,000 cash and a long-term note payable for $165,000.
c.	The company purchased $1,500 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 $16,500 and is to be used exclusively in the business.
e.	The company purchased $5,400 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 $640 cash for this month's utilities.
i.	The company paid $1,500 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 $6,250 of services for a client, who must pay within 30 days.
l.	The company paid $1,900 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 $2,700 cash in dividends.

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).

Business transactions completed by Hannah Venedict during the month of September are as follows. a. Venedict invested $88,000 cash along with office equipment valued at $23,000 in exchange for common stock of a new company named HV Consulting. b. The company purchased land valued at $45,000 and a building valued at $155,000. The purchase is paid with $35,000 cash and a long-term note payable for $165,000. c. The company purchased $1,500 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 $16,500 and is to be used exclusively in the business. e. The company purchased $5,400 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 $640 cash for this month's utilities. i. The company paid $1,500 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 $6,250 of services for a client, who must pay within 30 days. l. The company paid $1,900 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 $2,700 cash in dividends. 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). view transaction list view general journal Journal Entry Worksheet 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Venedict invested $88,000 cash along with office equipment valued at $23,000 in exchange for common stock of a new company named HV Consulting. Transaction General Journal Debit Credit a. *Enter debits before credits done clear entry record entry 2. Open the following ledger accounts for the account titles referred in part 1 and post the journal entries from part 1 to the ledger accounts. 101: Cash Transaction Debit Credit 201: Accounts Payable Balance Transaction Debit Balance Transaction Debit Balance Transaction Debit Balance Transaction Debit 106: Accounts Receivable Transaction Debit Transaction Debit Transaction Debit Credit Credit Balance 307: Common Stock 163: Office Equipment Credit Balance 250: Notes Payable 108: Office Supplies Credit Credit Credit Balance 319: Dividends Credit Balance 164: Automobiles Transaction Debit Transaction Debit Transaction Debit Credit 402: Fees Earned Balance Transaction Debit Balance Transaction Debit Balance Transaction Debit 170: Building Credit 3. Prepare a trial balance as of the end of September. Balance 601: Salaries Expense 172: Land Credit Credit Credit Balance 602: Utilities Expense Credit Balance HV CONSULTING Trial Balance September 30 Debit Credit Totals References eBook & Resources Worksheet Learning Objective: 02-A1 Analyze the impact of transactions on accounts and financial statements. Problem 2-4A Recording transactions; posting to ledger; preparing a trial balance LO C3, A1, P1, P2 Learning Objective: 02-C3 Describe a ledger and a chart of accounts. Difficulty: 3 Hard Learning Objective: 02-P1 Record transactions in a journal and post entries to a ledger. Check my work Learning Objective: 02-P2 Prepare and explain the use of a trial balance