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Business transactions completed by Hannah Venedict during the month of September are as follows. a. Venedict invested $86,000 cash along with office equipment valued at

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Business transactions completed by Hannah Venedict during the month of September are as follows. a. Venedict invested $86,000 cash along with office equipment valued at $21,000 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 $2,200 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 $16,000 and is to be used exclusively in the business. e. The company purchased $5,500 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 $7.200 cash. h. The company paid $635 cash for this month's utilities. 1. The company paid $2,200 cash to settle the account payable created in transaction a 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. 1. 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. 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): orice 4. Prev 1 of 3 Next >

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