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Spring 2020 Section 902 (1) Homework: Chapter 2 part B homework Save Acco Score: 0 of 1 pt 1 3 of 9 (2 complete) HW Score: 22.22%, 2 of 9 pts enu E2-19 (similar to) Question Help ents The following transactions occurred for Webb Technology Solutions: ework 6 (Click the icon to view the transactions.) (Click the icon to view the journal entries.) Its to re Read the requirement. uiz/Te: May 1: The business received cash of $75,000 and issued common stock to Zoe Webb. CASH Account No. 110 Balance Post. Ref. Credit Date Item Debit Debit Credit May 1 Eredit: 0 COMMON STOCK Account No. 310 9 (similar Choose from any list or enter any number in the input fields and then click Check Answer. 4 (similar 22 parts remaining Clear All Check Answer B (similar Spring 2020 Section 902 (1) Homework: Chapter 2 part B homework Save Acco Score: 0 of 1 pt 1 3 of 9 (2 complete) HW Score: 22.22%, 2 of 9 pts Menu E2-19 (similar to) E Question Help ments The following transactions occurred for Webb Technology Solutions: O (Click the icon to view the transactions.) mework (Click the icon to view the journal entries.) Its Quiz/Te: Read the requirement. Date Item Post. Ref. Debit Credit Debit Credit May 1 COMMON STOCK Account No. 310 Balance Date Item Post. Ref. Debit Credit Debit Credit Cre May 1 (s Choose from any list or enter any number in the input fields and then click Check Answer. 4 (s 22 parts remaining Clear All Check Answer B(s i More Info chnolog 1 The business received cash of $75,000 and issued common stock to Zoe Webb. May 2 Purchased office supplies on account, $400. 4 Paid $61,000 cash for building and land. The building had a fair market value of $51,000. 6 Performed services for customers and received cash, $3,000. 9 Paid $300 on accounts payable. nd issu t. Ref. 17 Performed services for customers on account, $3,300. 19 Paid rent expense for the month, $900. 20 Received $1,000 from customers for services to be performed next month. 21 Paid $100 for advertising in next month's IT Technology magazine. 23 Received $3,000 cash on account from a customer. e input Done Print Tvay TIne Dusiness receiveu casn or S75,000 ana issuea commoT SIOCK TO Zoe Webb. 2 Purchased office supplies on account, $400. 4 Paid $61,000 cash for building and land. The building had a fair market value of $51,000. 6 Performed services for customers and received cash, $3,000. 9 Paid $300 on accounts payable. 17 Performed services for customers on account, $3,300. 19 Paid rent expense for the month, $900. 20 Received $1,000 from customers for services to be performed next month. 21 Paid $100 for advertising in next month's IT Technology magazine. 23 Received $3,000 cash on account from a customer. 31 Incurred and paid salaries, $1,400. Print Done Reference Its to re Accounts and Explanation Date Debit Credit Cash May 1 75,000 Common Stock 75.000 Issued common stock in exchange for cash. Office Supplies May 2 400 Accounts Payable 400 Purchased office supplies on account. Building May 4 51,000 Land 10,000 Credit: 0 Cash 61,000 i Reference ents work Its Building May 4 51,000 miz/Te: Land 10,000 Cash 61,000 Paid cash for building and land. Cash May 6 3,000 Service Revenue 3,000 Performed services and received cash. Accounts Payable May 9 300 Cash 300 Erec Paid cash on account. stion Print Done R(sin i Reference rk Accounts Receivable May 17 3,300 Te: Service Revenue 3,300 Performed services on account. Rent Expense May 19 900 Cash 900 Paid cash expenses. Cash May 20 1,000 Unearned Revenue 1,000 Collected cash for future services. Prepaid Advertising May 21 Cre 100 stion Print Done Reference Uneamed Revenue T,000 Collected cash for future services. Its to r Prepaid Advertising May 21 100 Cash 100 Paid advertising in advance. Cash May 23 3,000 Accounts Receivable 3,000 Received cash on account. Salaries Expense May 31 1,400 Cash 1,400 Paid cash expenses. Credit: C Print Done stion #9 Requirement ed cash d The following four-column accounts have been opened for you and utilize the following account numbers: Cash, 110; Accounts Receivable, 120; Office Supplies, 130; Prepaid Advertising, 140; Land, 150; Building, 160; Accounts Payable, 210; Unearned Revenue, 220; Common Stock, 310; Service Revenue, 410; Rent Expense, 510; and Salaries Expense, 520. Post the journal entries to the four-column accounts and determine the balance in the account after each transaction. Assume that the journal entries were recorded on page 10 of the journal. Make sure to complete the Post. Ref. columns in the journal and ledger. tem er any n Done Print Check A
