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Can someone please help with this accounting homework. Need help with part G1 , last picture! US Kimmel, Financial Accounting, 8e FINANCIAL ACCOUNTING (ACCT 1
Can someone please help with this accounting homework. Need help with part G1 , last picture! US Kimmel, Financial Accounting, 8e FINANCIAL ACCOUNTING (ACCT 1 Practice Assignment Gradebook ORION signment Accounting cycle Review 4-2 (Part Level Submission) Lars Linken opened Ayayal Cleaners on March 1, 2017. During March, the following transactions were completed. Mar. 1 Issued 12,000 shares of common stock for $18,000 cash. i Borrowed $7,200 cash by signing a 6-month, 6%, $7,200 note payable. Interest will be paid the first day of each subsequent month. 1 Purchased used truck for $9,600 cash. 2 Paid $1,800 cash to cover rent from March 1 through May 31. 3 Paid $3,000 cash on a 6 insurance policy effective March 1. -month 6 Purchased cleaning supplies for $2,400 on account. 14 Billed customers $4,440 for cleaning services performed. 18 Paid $600 on amount owed on cleaning supplies. 20 Paid $2,100 cash for employee salaries. 21 Collected $1,920 cash from customers billed on March 14 28 Billed customers $5,040 for deaning services performed. 31 Paid $420 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Declared and paid a $1.080 cash dividend The chart of accounts for Ayayai Cleaners contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Prepaid Rent, Equipment, Acoumulatea Depreciation-Equipment, Accounts Payable, Salaries and Wages Payable, Notes Payable, Interest Payable, Common Stock, Retained Earnings, Dividends, Income summa Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, Salaries and wages Expense, Rent Expense, and Intere Expense (a) Your answer is correct. Journalize the March transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Division of All Rights Reserved. A Version 4.2
Can someone please help with this accounting homework. Need help with part G1 , last picture!
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