Homework: Comprehensive Question 3, Keeping It R... Problem: Suarez Computer HW Score: 0%, of 50 points Save Part 1 of 16 Score: 0 of 10 Center Consider the following for Suarez Computer Center during July and August 2017, the The computer center's business is picking up, so Troy Falco, the owner, has first two months of operations decided to expand his bookkeeping system to a general joumal ledger system. The Click the icon to view the July and August transactions.) balances from August have been forwarded to the ledger accounts. (Click the icon to view the chart of accounts Click the icon to view the September transactions.) (Click the icon to view the August trial balance) Assignment Assignment 1. Record the September transactions in the general journal Prepare the entries in the same order as given in the problem beginning with the transaction on September 1. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. For purposes of this problem, gnore posting references) General Journal Page 1 Date Account Titles and Description PR Dr. Cr. 201% Sep az Computer Center during July and August 201X, the The computer center's business is picking up, so More Info e. July: a. Invested $12,500 of his savings into the business. b. Paid $1,260 (check #8095) for the computer from Hardware Haven, Inc. c. Paid $1,500 (check # 8096) for office equipment from In Office Furniture, Inc. d. Set up a new account with Nuts and Bolts and purchased $500 in office supplies on credit. Paid July rent, $800 (check # 8097). f. Repaired a system for a customer and collected $1,000. g. Collected $700 for system upgrade labor charge from a customer. h. Electric bill due but unpaid, $100. I. Collected $1,400 for services performed on Viral Video computers. 1. Withdrew $1,500 (check # 8098) to take his wife, Carol, out in celebration of opening the new business. August: k. Received the phone bill for month of July, $200. 1. Paid $300 (check #8099) for insurance for the month. m. Paid $50 (check #8100) of the amount due from transaction d in the July list of transactions. n. Paid advertising expense for the month, $500 (check #8101). o. Billed a client (Kristen Tarsia) for service rendered, $1,100. p. Collected $1,400 for services rendered. (Assume cash collection occurred at the same time services were rendered.) 4. Paid the electric bill in full for the month of July (check #8102, transaction h. from the July list of transactions) Paid cash (check #8103) for $20 in stamps. s. Purchased $500 worth of supplies from The Computer Store on credit. r. Print Done Computer Question 3, Keeping It R... Part 1 of 16 HW Score: 0%, 0 of 50 points Score: 0 of 10 Reference - X so Troy F a general the ledge sactions.) Suarez Computer Center Trial Balance Credit bdits. Sele August 31, 2017 Account Debit Cash 10,970 Accounts Receivable 1,100 Supplies 1,000 Computer Shop Equipment 1,260 Office Equipment 1,500 Accounts Payable Falco, Capital Falco, Withdrawals 1,500 Service Revenue Advertising Expense 500 Rent Expense 800 Utilities Expense 100 Phone Expense 200 Insurance Expense 300 20 Postage Expense Totals 19,250 1.150 12,500 5,600 19,250 Print Done Part 1 of 16 Score: 0 of 10 Computer Center during July and August 201X, the The computer center's business is picking up, so Troy decided to expand his bookkeeping system to a gene balances from August have been forwarded to the led (Click the icon to view the September transaction and August transactions.) art of accounts.) Just trial balance.) Assignment mb - X Data Table rdel Fol adits. Assets ant 1000 Cash 1020 Accounts Receivable 1030 Supplies 1080 Computer Shop Equipment 1090 Office Equipment Liabilities 2000 Accounts Payable Owner's Equity 3000 Falco, Capital 3010 Falco, Withdrawals Revenue 4000 Service Revenue Expenses 5010 Advertising Expense 5020 Rent Expense 5030 Utilities Expense 5040 Phone Expense 5050 Supplies Expense 5060 Insurance Expense 5070 Postage Expense Print Done any number in the input fields and then click Check Answer. Video Get More Help Clear All ILM 0%, of 50 points - X More Info 8104 Suarez Computer Center 385 N. Escondido Blvd. Escondido CA 92025 September, I, 201X Pay To the Order of Chapin Corp $1,500.00 First Union Bank 322 Glen Ave. Escondido, CA 92025 memo Pad Rin Aug Sep Oct. - Troy Falco 0611 062 78 72 One check written for 3 months' rent on September 1. That included August rent. Consider it all prepaid. Invoice No 12671 Suarez Computer Center 385 N. Escondido Blvd. INVOICE Customer Name Tonya Parker Jones Address 12012 Royanne City Carisbad Stato CA Phone (760720-22955 Gry Description of Service 1 Upgrade 386 CPU Pentium 133mhz board add 16x CD-Rom Date Sep 2, 2017 Order No. A512 Credit Terms va FOB Iva Charge $420 TOTAL $420 SAXO STTO Shigo and RE Payment Details Cash Check Credit Card Name CCH Expires .00 TOTAL SU Office Use Only Warranty information 30 day Print Done Homework: Comprehensive Question 3, Keeping It R... Problem: Suarez Computer HW Score: 0%, of 50 points Save Part 1 of 16 Score: 0 of 10 Center Consider the following for Suarez Computer Center during July and August 2017, the The computer center's business is picking up, so Troy Falco, the owner, has first two months of operations decided to expand his bookkeeping system to a general joumal ledger system. The Click the icon to view the July and August transactions.) balances from August have been forwarded to the ledger accounts. (Click the icon to view the chart of accounts Click the icon to view the September transactions.) (Click the icon to view the August trial balance) Assignment Assignment 1. Record the September transactions in the general journal Prepare the entries in the same order as given in the problem beginning with the transaction on September 1. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. For purposes of this problem, gnore posting references) General Journal Page 1 Date Account Titles and Description PR Dr. Cr. 201% Sep az Computer Center during July and August 201X, the The computer center's business is picking up, so More Info e. July: a. Invested $12,500 of his savings into the business. b. Paid $1,260 (check #8095) for the computer from Hardware Haven, Inc. c. Paid $1,500 (check # 8096) for office equipment from In Office Furniture, Inc. d. Set up a new account with Nuts and Bolts and purchased $500 in office supplies on credit. Paid July rent, $800 (check # 8097). f. Repaired a system for a customer and collected $1,000. g. Collected $700 for system upgrade labor charge from a customer. h. Electric bill due but unpaid, $100. I. Collected $1,400 for services performed on Viral Video computers. 1. Withdrew $1,500 (check # 8098) to take his wife, Carol, out in celebration of opening the new business. August: k. Received the phone bill for month of July, $200. 1. Paid $300 (check #8099) for insurance for the month. m. Paid $50 (check #8100) of the amount due from transaction d in the July list of transactions. n. Paid advertising expense for the month, $500 (check #8101). o. Billed a client (Kristen Tarsia) for service rendered, $1,100. p. Collected $1,400 for services rendered. (Assume cash collection occurred at the same time services were rendered.) 4. Paid the electric bill in full for the month of July (check #8102, transaction h. from the July list of transactions) Paid cash (check #8103) for $20 in stamps. s. Purchased $500 worth of supplies from The Computer Store on credit. r. Print Done Computer Question 3, Keeping It R... Part 1 of 16 HW Score: 0%, 0 of 50 points Score: 0 of 10 Reference - X so Troy F a general the ledge sactions.) Suarez Computer Center Trial Balance Credit bdits. Sele August 31, 2017 Account Debit Cash 10,970 Accounts Receivable 1,100 Supplies 1,000 Computer Shop Equipment 1,260 Office Equipment 1,500 Accounts Payable Falco, Capital Falco, Withdrawals 1,500 Service Revenue Advertising Expense 500 Rent Expense 800 Utilities Expense 100 Phone Expense 200 Insurance Expense 300 20 Postage Expense Totals 19,250 1.150 12,500 5,600 19,250 Print Done Part 1 of 16 Score: 0 of 10 Computer Center during July and August 201X, the The computer center's business is picking up, so Troy decided to expand his bookkeeping system to a gene balances from August have been forwarded to the led (Click the icon to view the September transaction and August transactions.) art of accounts.) Just trial balance.) Assignment mb - X Data Table rdel Fol adits. Assets ant 1000 Cash 1020 Accounts Receivable 1030 Supplies 1080 Computer Shop Equipment 1090 Office Equipment Liabilities 2000 Accounts Payable Owner's Equity 3000 Falco, Capital 3010 Falco, Withdrawals Revenue 4000 Service Revenue Expenses 5010 Advertising Expense 5020 Rent Expense 5030 Utilities Expense 5040 Phone Expense 5050 Supplies Expense 5060 Insurance Expense 5070 Postage Expense Print Done any number in the input fields and then click Check Answer. Video Get More Help Clear All ILM 0%, of 50 points - X More Info 8104 Suarez Computer Center 385 N. Escondido Blvd. Escondido CA 92025 September, I, 201X Pay To the Order of Chapin Corp $1,500.00 First Union Bank 322 Glen Ave. Escondido, CA 92025 memo Pad Rin Aug Sep Oct. - Troy Falco 0611 062 78 72 One check written for 3 months' rent on September 1. That included August rent. Consider it all prepaid. Invoice No 12671 Suarez Computer Center 385 N. Escondido Blvd. INVOICE Customer Name Tonya Parker Jones Address 12012 Royanne City Carisbad Stato CA Phone (760720-22955 Gry Description of Service 1 Upgrade 386 CPU Pentium 133mhz board add 16x CD-Rom Date Sep 2, 2017 Order No. A512 Credit Terms va FOB Iva Charge $420 TOTAL $420 SAXO STTO Shigo and RE Payment Details Cash Check Credit Card Name CCH Expires .00 TOTAL SU Office Use Only Warranty information 30 day Print Done
