help with questions

EC_Acct 100_Student This Extra Credit project is worth a total of 44 points. Please fill in the proper information and place it in the course mailbox by the due date NAME:___________________________ STUDENT ID NUMBER:____________ 1. The accounts with identification letters for Orly Delivery Services are listed below. Letter A B C D E F G H Account Title Cash Accounts Receivable Supplies Prepaid Rent Delivery Equipment Office Equipment Accounts Payable Orly, Capital Letter I J K L M N O Account Title Orly, Drawing Delivery Fee Income Advertising Expense Equipment Repairs Expense Rent Expense Salaries Expense Utilities Expense During the current month, the company completed the transactions listed below. Indicate the appropriate journal entry that needs to be recorded for each transaction by providing the account letter and amount. Some entries may need more than one debit and/or more than one credit. The first transaction is completed as an example. A. B. C. D. E. F. Transaction The owner invested $25,000 cash in the business. Issued check for delivery equipment for $15,000. Performed delivery services for $5,000 cash. Issued check for $1,200 to pay the rent for the current month. Issued check to purchase supplies for $360. Issued check to purchase office equipment for $12,000. Debit Letter Amount A $25,000 Credit Letter Amount H $25,000 2. The accounts with identification letters for Smart Delivery Services are listed below . Letter A Account Title Cash Letter I Account Title Smart, Drawing 1 EC_Acct 100_Student B C D E F G H Accounts Receivable Supplies Prepaid Rent Delivery Equipment Office Equipment Accounts Payable Smart, Capital J K L M N O Delivery Fee Income Advertising Expense Equipment Repairs Expense Rent Expense Salaries Expense Utilities Expense During the current month, the company completed the transactions listed below. Indicate the appropriate journal entry that needs to be recorded for each transaction by providing the account letter and amount. Some entries may need more than one debit and/or more than one credit. The first transaction is completed as an example. A. B. C. D. E. F. Transaction The owner invested $25,000 cash in the business. Performed delivery services for $14,000 on account. Received $900 on account from credit clients. Purchased office equipment on account for $2,000. Issued check for $500 for a newspaper advertisement. Issued check for $750 for current month's utilities. Debit Letter Amount A $25,000 Credit Letter Amount H $25,000 3. The accounts with identification letters for Sealy Delivery Services are listed below . Letter A B C D E F G H Account Title Cash Accounts Receivable Supplies Prepaid Rent Delivery Equipment Office Equipment Accounts Payable Sealy, Capital Letter I J K L M N O Account Title Sealy, Drawing Delivery Fee Income Advertising Expense Equipment Repairs Expense Rent Expense Salaries Expense Utilities Expense During the current month, the company completed the transactions listed below. Indicate the appropriate journal entry that needs to be recorded for each transaction by providing the account letter and amount. Some entries may need more than one debit and/or more than one credit. The first transaction is completed as an example. 2 EC_Acct 100_Student A. B. C. D. E. F. Transaction The owner invested $25,000 cash in the business. Issued check for $330 to pay creditor for supplies purchased previously on account. Performed delivery services for $14,000 on credit. Performed delivery services for $1,000 in cash and $4,000 on credit. Received $900 on account from credit clients. Purchased a newspaper advertisement on account for $2,500. Letter A Debit Amount $25,000 Credit Letter Amount H $25,000 4. The accounts with identification letters for Able Delivery Services are listed below . Letter A B C D E F G H Account Title Cash Accounts Receivable Supplies Prepaid Rent Delivery Equipment Office Equipment Accounts Payable Able, Capital Letter I J K L M N O Account Title Able, Drawing Delivery Fee Income Advertising Expense Equipment Repairs Expense Rent Expense Salaries Expense Utilities Expense During the January, the company completed the transactions listed below. Indicate the appropriate journal entry that needs to be recorded for each transaction by providing the account letter and amount. Some entries may need more than one debit and/or more than one credit. The first transaction is completed as an example. A. B. C. Transaction The owner invested $25,000 cash in the business. Issued check for $1,000 to Able, the owner, for utilities in personal residence. Bought delivery equipment Letter A Debit Amount $25,000 Credit Letter Amount H $25,000 3 EC_Acct 100_Student D. E. F. G. H. for $120,000. Issued check for $70,000; balance is due in 30 days. Returned damaged supplies and received a cash refund of $30. Received $900 on account from credit clients. Issued check for $5,000 to purchase $3,500 of office equipment and $1,500 of supplies. Returned damaged office equipment and received a cash refund of $500. Issued check for $12,000 for rent for the months of February and March. 4