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Business transactions completed by Hannah Venedict during the month of September are as follows. o. Venedict invested $60.000 cash along with ofice equipment valued at
Business transactions completed by Hannah Venedict during the month of September are as follows. o. Venedict invested $60.000 cash along with ofice equipment valued at $25,000 in exchange for common named HV Consulting. b. The company purchased land valued at $40.000 and a building valued at $160.000. The purchase is paid with $30,000 cash and a long-term note payable for $170.000. c. The company purchased $2.000 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 $5.600 of additional office equipment on credit f. The company paid $1,800 cash salary to an assistant. 9. The company provided services to a client and collected $8.000 cash. h. The company paid $635 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 $20.300 of new office equipment by paying $20.300 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 $4.000 cash in partial payment on the receivable created in transaction k n. The company paid $2,800 cash in dividends. Required 1. Prepare general journal entries to record these transactions using the following ttles: Cash (101t): Accounts Rec Supplies (108) Office Equipment (163): Automobiles (164); Building (170 Land (t72: Accounts Payable (201. Notes Poyable (250% Common Stock (307), Dividends (319): Fees Earned (402): Salaries Expense (601): and Utlities 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 eivable (106): Office Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 al journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable Notes Payable (250); Common Stock (307); Dividends (319): Fees Earned (402): Salaries Expense (601): and (106): Office Supplies (108): Office Equipment (163): Automobiles (164) Utilities Expense (602).
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