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chapter 2 HW General Ledger Retu financial statements 1 Jenna Aracel, the owner, invested $100,000 cash, office equipment with a value of $5,000, and $60,000
chapter 2 HW General Ledger
Retu financial statements 1 Jenna Aracel, the owner, invested $100,000 cash, office equipment with a value of $5,000, and $60,000 of drafting equipment to launch the company in exchange for common stock. 2 The company purchased 1and worth $49,000 for an office by paying $6,300 cash and signing a long-term note payable for $42,700. 3 The company purchased a portable building with $55,e00 cash and moved it onto the land acquired on June 2. 4 The company paid $3,000 cash for the premium on an 18-month insurance policy. Jun. Jun. Jun. Jun. Jun. 5 The company completed and delivered a set of plans for a client and collected $6,200 cash. Jun. 6 The company purchased $20,000 of additional drafting equipment by paying $9,500 cash and signing a long-term note payable for $10,500 Jun. 7 The company completed $14,000 of engineering services for a client. This amount is to be received in 30 days. Jun. 8 The company purchased $1,150 of additional office equipment on credit. Jun. 9 The company completed engineering services for $22,000 on credit. Jun. 10 The company received a bill for rent of equipment that was used on a recently completed job. The $1,333 rent cost must be paid within 30 days. Jun, 12 The company collected $7.000 cash in partial payment from the c1ient described billed on June 9, Jun. 14 The company paid $1,200 cash for wages to a drafting assistant Jun. 17 The company paid $1,150 cash to settle the account payable created in on June 8 Jun, 20 The compa Jun. 23 The company paid $9,480 cash in dividends. Jun. 28 The company paid $1,200 cash for wages to a drafting assistant. Jun. 29 The company paid $2,500 cash for advertisenents on the web during June. paid $925 cash for minor mainten of its equipment. Answer is not complete. St Retained Earnings General Journal General Ledger Income Statement Impact on Equity Balance Sheet Trial Balance Requirement Each journal entry is posted automatically to the general ledger (abnormal balances appear in parentheses). Think of the general ledger as sorting all of your journal entries by account title. Click on any of the individual amounts to return to the underlying journal entry. Show lessa General Ledger Account Cash Accounts receivable Debit No. No. Date Credit Balance Date Debit Credit Balance May 31 May 31 100,000 7 Jun 07 14,000 14.000 Jun 01 100,000 36.000 6.300 93.700 Jun 09 22.000 2 Jun 02 7,000 29.000 3 Jun 03 55,000 38.700 11 Jun 12 3,000 35.700 4 Jun 04 5 of 5 Step by Step Solution
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