Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Daily Journal Entries Hernangomez & Sons Company provides accounting services. Below are transactions that have occurred in the last month. Indicate the accounts to be

Daily Journal Entries Hernangomez & Sons Company provides accounting services. Below are transactions that have occurred in the last month. Indicate the accounts to be debited and credited for each transaction. Each transaction will have three blanks. In the FIRST blank type in the date. In the SECOND blank type in the DEBIT ACCOUNT and AMOUNT In the THIRD blank type in the CREDIT ACCOUNT and AMOUNT (you do not need to indent your credit) Below is a list of accounts the company uses: 1. Cash 2. Accounts Receivable 3. Office Supplies 4. Prepaid Insurance 5. Office Equipment 10. J. Hernangmez, Capital 11. J. Hernangmez, Drawings 12. Service Revenue 13. Office Supplies Expense 14. Depreciation Expense 6. Accumulated Depreciation-Office Equip 15. Insurance Expense 7. Accounts Payable 16. Salaries Expense 8. Salaries Payable 17. Telephone Expense 9. Unearned Service Revenue 18. No entry required Question 9 (1.5 points) Listen On November 1st, 2022 Hernangomez invested an additional $10,000 into the business. Blank #1 Blank #2 Blank #3 Question 10 (1.5 points) 4) Listen On November 5th received $5,000 payment in advance for services to be performed next month. Blank # 1 Blank #2 Blank # 3 > Question 11 (1 point) Listen On November 6th hired 2 new employees Blank # 1 Blank #2 A Question 12 (1.5 points) Listen November 8th performed service on account for $12,500 Blank #1 Blank #2 Blank # 3 A/ 2 Question 13 (1.5 points) Listen November 12th purchased $1,500 for office supplies on account. Blank #1 Blank # 2 Blank #3 Question 14 (1.5 points) 4 Listen November 15th purchased a 1-year insurance policy for $1,200. Blank #1 Blank #2 Blank # 3 Question 15 (1.5 points) Listen November 25th paid for the supplies purchased on November 12th. Blank #1 Blank #2 Blank # 3 BJ R Question 16 (1.5 points) 4 Listen November 28th received cash from client from November 8th transaction Blank #1 Blank #2 Blank # 3 PJ Question 17 (1.5 points) Listen < November 30th owner used $2,200 to pay for personal expenses Blank #1 Blank #2 Blank #3

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Budget Management Comprehensive Beginner S Guide To Budget Management

Authors: Steve Wilson

1091168881, 978-1091168886

More Books

Students also viewed these Accounting questions

Question

What were your most important educational experiences?

Answered: 1 week ago

Question

How was your life influenced by those events?

Answered: 1 week ago

Question

Which of these influenced your life most dramatically?

Answered: 1 week ago