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E2-18 (open response) 3 Question Help The following transactions occurred for Wilke Technology Solutions: i (Click the icon to view the transactions.) Journalize the transactions
E2-18 (open response) 3 Question Help The following transactions occurred for Wilke Technology Solutions: i (Click the icon to view the transactions.) Journalize the transactions of Wilke Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Advertising; Building; Land; Accounts Payable; Unearned Revenue; Common Stock; Service Revenue; Rent Expense; Salaries Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Check your spelling carefully and do not abbreviate. Use the account names given in the problem statement.) May 1: The business received cash of $86,000 and issued common stock to Zach Wilke. Date Accounts and Explanation Debit Credit X May 1 More Info May 1 The business received cash of $86,000 and issued common stock to Zach Wilke. 2 Purchased office supplies on account, $350. 4 Paid $56,000 cash for building and land. The building had a fair market value of $46,000. 6 Performed services for customers and received cash, $3,200. 9 Paid $250 on accounts payable. 17 Performed services for customers on account, $2,600. 19 Paid rent expense for the month, $600. 20 Received $1,100 from customers for services to be performed next month. 21 Paid $400 for advertising in next month's T Technology magazine. 23 Received $1,900 cash on account from a customer. 31 Incurred and paid salaries, $1,100. Print Done
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