Homework.aspx?homeworkid=557696314&questionid=1&flushed=false&cid=5905853¢erwin-yes Acct. Silvi ms Ch 4 110 4 1 of 1 (0 complete) i More Info repair shop, Waldo's Dec. 1 Waldo contributed $70,000 cash to the business in exchange for capital 1 Purchased $12,000 of equipment paying cash 1 Paid $1,750 for a five-month insurance policy starting on December S, and post to the T-ac the December transactie the business in excha mts and Explanation 9 Paid $20,000 cash to purchase land to be used in operations 10 Purchased office supplies on account, $2,800 19 Borrowed $15.000 from the bank for business use: Waldo signed a note payable to the bank in the name of the business. The note is due in five years 22 Paid $1,300 for advertising expenses 26 Paid $900 on account 28 The business received a bill for utilities to be paid in January, 5280 31 Revenues carned during the month included $16 000 cash and $3.600 on account. 31 Paid employees salaries 53.800 and building rent $1,200. Record as a mundonte ber in the input fields a Print Done kaspx?homeworkld=557696314&questionId=1&flushed=false&cid=59058538_centerwin=yes Ch 4 1 of 1 (0 complete) i More Info shop, Waldo's 1 Paid $1,750 for a five-month insurance policy starting on December post to the T-ad ember transactid usiness in excha may Explanation 9 Paid $20,000 cash to purchase land to be used in operations 10 Purchased office supplies on account, $2,800. 19 Borrowed $15,000 from the bank for business use. Waldo signed a note payable to the bank in the name of the business. The note is due in five years. 22 Paid $1,300 for advertising expenses. 26 Paid $900 on account 28 The business received a bill for utilities to be paid in January, S280 31 Revenues earned during the month included 516,000 cash and $3,600 on account 31 Pald employees' salaries 53,800 and building rent $1,200. Record as a compound entry 31 The business received $1.440 for auto screening services to be performed next month. tor 31 Waldo withdrew cash of $5,500. auto screening Service $5.500 the input fields an Print Done Score: 0 of 100 pts 1 of 1 (0 complete) P4A-33A (book/static) On December 1, Bob Waldo began an auto repair shop, Waldo's Quality Automotive. The following transactions The businesses the following accounts occurred during December (Click the icon to view the accounts) (Click the icon to view the transactions.) Adjustment data Click the icon to view the a tment data) Read the requirements Requirement 1. Prepare the journal entries, and post to the T-accounts Begin by preparing the journal entries for the December transactions. (Record debis first, the credits. Select the explanation on the last line of the journal entry table) Dec. 1 Waldo contributed $70,000 cash to the business in exchange for capital Date Accounts and Explanation Debit Credit Dec. 1 Choose from any list or enter any number in the input fields and then click Chec 31 remaining Clear Al Type here to search hp