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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 exchange for common stock of a new b. The company purchased land valued at $30,000 and a building valued at $160,000. The purchase is company named HV Consulting. paid with $25,000 cash and a long-term note payable for $165,000. c. The company purchased $1,700 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 $16,900 and is to be used exclusively in the business. e. The company purchased S5,500 of additional office equipment on credit. f. The company paid $1,600 cash salary to an assistant. g. The company provided services to a client and collected $7,600 cash. h. The company paid $645 cash for this month's utilities. i. The company paid $1,700 cash to settle the account payable created in transaction c. j. The company purchased $20,200 of new office equipment by paying $20,200 cash. k. The company completed $6,250 of services for a client, who must pay within 30 days. I. The company paid $1,800 cash salary to an assistant. m. The company received $3,000 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 tites: Cash (101); Accounts Receivable (106) Office Supplies(108) OMfice Equipment (163);Automobiles (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); Common Stock (307); Dvidends (319); Fees Earned (402): Salaries Expense (601); and Utilities Expense (602). View transaction list Journal entry worksheet
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