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Crane Enterprises had the following selected transactions. 1. 2 3. Bo Crane invested $3,800 cash in the business. Paid office rent of $800 Performed consulting
Crane Enterprises had the following selected transactions. 1. 2 3. Bo Crane invested $3,800 cash in the business. Paid office rent of $800 Performed consulting services and billed a client $5,000. Bo Crane withdrew $600 cash for personal use. 4. Journalize the transactions. (if no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) nsaction Account Titles and Explanation Debit Credit 1. 2 3 A Selected transactions from the journal of June Feldman, investment broker, are presented below. Date J1 Credit Ref. Debit Aug. 1 4,930 4,930 10 2,670 2,670 12 General Journal Account Titles and Explanation Cash Owner's Capital (Owner's investment of cash in business) Cash Service Revenue (Received cash for services performed) Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) Accounts Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) 4,930 2,440 2,490 25 1.700 1,700 31 860 860 Post the transactions to T-accounts. (Post entries in the order presented in the problem statement.) Post the transactions to T-accounts. (Post entries in the order presented in the problem statement.) Cash 4 Accounts Receivable Equipment Notes Payable Owner's Capital Service Revenue
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