Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i also need the answers for the rest of requierments.i am done with requierment 1 and i need the answers of rest requierments.Thanks WIB. 4.03

i also need the answers for the rest of requierments.i am done with requierment 1 and i need the answers of rest requierments.Thanks
image text in transcribed
image text in transcribed
WIB. 4.03 of 10 pts 3 of 33 completely HY P2-37A (similar to) During the first month of operations, March 2017, Simmons Windows Inc. completed the following transactions (Click the leon to view the transaction data) Requirements 1. Record each transaction in the joumal. Key each transaction by date. Explanations are not required. 2. Post the transactions to the T-accounts, using transaction dates as posting references. 3. Prepare the trial balance of Simmons Windows Inc. at March 31, 2017 4. The manager asks you how much in total resources the business has to work with, how much it awes, and whether March 2017 was profitable (and by how much) Calculate the amounts needed to an Mar 31 Dividends 1,400 Cash 1.400 Requirement 2. Post the transactions to the T-accounts, using transaction dates as posting references Start by posting the March 2nd transaction. Simmons received $39,000 cash and issued common shares to the shareholders (Do not post the next transaction until after you have checked your answer Leave unused cells blank.) Cash Share Capital Equipment Choose from any list or enter any number in the input fields and then click Check Answer Clear All 16 parts remaining MacBOOK 3 of 3 (3 complete) eted the following transactions: More Info Mar 2 Simmons received $39,000 cash and issued common shares to shareholders. 3 Purchased supplies, $500, and equipment, $2,600, on account. 4 Performed services, and received cash, $1,350. 7 Paid cash to acquire land for an office site, $25,000. 11 Repaired a window and billed the customer $1,200. 16 Paid for the equipment purchased March 3 on account. 17 Paid the telephone bill, $120. 18 Received partial payment from client on account, $600. 22 Paid the water and electricity bills, $300. 29 Received $2.200 cash for installing a new window. 31 Paid employee salary, $1,800. 31 Declared and paid dividends of $1,400. Print Done n click Check Answer Clear All

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

What are the purposes of promotion ?

Answered: 1 week ago