ch. 13

The following events pertain to Big Axe Corporation which owns several axe throwing venues: a. Received $88,000 cash from the issuance of common stock. b. Purchased land for $49,000 in cash. c. Purchased $14,000 of supplies on account. d. Collected $14,100 cash on accounts receivable. Required: Record each of the transactions in general journal form. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the purchase of supplies on account. Note: Enter debits before credits. The following events pertain to Big Axe Corporation which owns several axe throwing venues: a. Received $88,000 cash from the issuance of common stock. b. Purchased land for $49,000 in cash. c. Purchased $14,000 of supplies on account. d. Collected $14,100 cash on accounts receivable. Required: Record each of the transactions in general journal form. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits. The following events pertain to Big Axe Corporation which owns several axe throwing venues: a. Received $88,000 cash from the issuance of common stock. b. Purchased land for $49,000 in cash. c. Purchased $14,000 of supplies on account. d. Collected $14,100 cash on accounts recelvable. Required: Record each of the transactions in general journal form. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits. The following events pertain to Outdoor Entertainment incorporated which specializes in hosting outdoor music festivals across the nation: a. Borrowed $111,000 cash from a local bank to assist in funding the next outdoor festival. b. Paid $30,500 cash for supplies related to the festival. c. Recelved $155,500 cash for ticket sales related to the festival. d. Paid $52,200 in cash for employee salaries. Required: Record each of the following Outdoor Entertainment Incorporated events in T-accounts. On December 31, Year 2, Kimberly Company had the following normal account balances in its general ledger. The accounts are listed in random order. Required: Required: Use the information regarding normal account balances to prepare a trial balance. The following events pertain to Big Axe Corporation which owns several axe throwing venues: a. Received $88,000 cash from the issuance of common stock. b. Purchased land for $49,000 in cash. c. Purchased $14,000 of supplies on account. d. Collected $14,100 cash on accounts receivable. Required: Record each of the transactions in general journal form. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 1 Record the cash collected on accounts receivable. Note: Enter debits before credits