Denzel Brooks
pians 1or a client and collected $6,200 cash. f. The company purchased $20,000 of additional drafting equipment by paying $9,500 casha a long-term note payable for $10,500, + The company com pleted $14,000 of engineering services for a client. This amount is to be days. h. The company purchased S1,150 of additional office equipment on credit The company completed engineering services for S22.000 on credit The company received a bill forrentof equipment that was used on a recently comple $1,333 rent cost must be paid within 30 days. The company collected $7,000 cash in partial payment from the elient described in trans . 1. The company paid $1,200 cash for wages to a drafting assistant. m. The company paid $1,150 cash to settle the account payable created in transaction h. h. The company paid $925 cash for minor maintenance of its drafting equipment. o. Jenna Aracel withdrew $9,480 cash from the company for personal use. p. The company paid $1,200 cash for wages to a drafting assistant. q. The company paid $2,500 cash for advertisements on the web during June. Required 1. Prepare general journal entries to record these transactions (use the account titles listed 2. Open the following ledger accounts-their account numbers are in parentheses (use t umn format): Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Off (163); Drafting Equipment (164); Building (170); Land (172); Accounts Payable (201) (250); J. Aracel, Capital (301); J. Aracel, Withdrawals (302); Engineering Fees Earne Expense (601); Equipment Rental Expense (602); Advertising Expense (603); and (604). Post the journal entries from part 1 to the accounts and enter the balance after 3. Prepare a trial balance as of the end of June. Denzel Brooks opened a web consulting business called Venture Consultants and comple transactions in March. March 1 Brooks invested $150,000 cash along with $22,000 in office equipment in The company prepaid $6,000 cash for six months' rent for an office. (Hi 2 Rent for $6,000.) The company made credit purchases of office equipment for $3,000 and $1,200. Payment is due within 10 days. The company completed services for a client and immediately received $A The company completed a $7,500 project for a client, who must pay withi The company paid $4,200 cash to settle the account payable created on M 3 6 9 12 19 The company paid $5,000 cash for the premium on a 12-month insurance Prepaid Insurance for $5,000.) pians 1or a client and collected $6,200 cash. f. The company purchased $20,000 of additional drafting equipment by paying $9,500 casha a long-term note payable for $10,500, + The company com pleted $14,000 of engineering services for a client. This amount is to be days. h. The company purchased S1,150 of additional office equipment on credit The company completed engineering services for S22.000 on credit The company received a bill forrentof equipment that was used on a recently comple $1,333 rent cost must be paid within 30 days. The company collected $7,000 cash in partial payment from the elient described in trans . 1. The company paid $1,200 cash for wages to a drafting assistant. m. The company paid $1,150 cash to settle the account payable created in transaction h. h. The company paid $925 cash for minor maintenance of its drafting equipment. o. Jenna Aracel withdrew $9,480 cash from the company for personal use. p. The company paid $1,200 cash for wages to a drafting assistant. q. The company paid $2,500 cash for advertisements on the web during June. Required 1. Prepare general journal entries to record these transactions (use the account titles listed 2. Open the following ledger accounts-their account numbers are in parentheses (use t umn format): Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Off (163); Drafting Equipment (164); Building (170); Land (172); Accounts Payable (201) (250); J. Aracel, Capital (301); J. Aracel, Withdrawals (302); Engineering Fees Earne Expense (601); Equipment Rental Expense (602); Advertising Expense (603); and (604). Post the journal entries from part 1 to the accounts and enter the balance after 3. Prepare a trial balance as of the end of June. Denzel Brooks opened a web consulting business called Venture Consultants and comple transactions in March. March 1 Brooks invested $150,000 cash along with $22,000 in office equipment in The company prepaid $6,000 cash for six months' rent for an office. (Hi 2 Rent for $6,000.) The company made credit purchases of office equipment for $3,000 and $1,200. Payment is due within 10 days. The company completed services for a client and immediately received $A The company completed a $7,500 project for a client, who must pay withi The company paid $4,200 cash to settle the account payable created on M 3 6 9 12 19 The company paid $5,000 cash for the premium on a 12-month insurance Prepaid Insurance for $5,000.)
