Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I am confused about why these don't match up, but I am sure it's a typo. I have been staring at my computer for quite
I am confused about why these don't match up, but I am sure it's a typo. I have been staring at my computer for quite awhile and definitely need some help. Thank you!
October 1S. Rey invested $49,000cash,a$27,000 computer system, and $8,000 of office equipment in the company in exchange for common stock. October 2 The company paid $3,300 cash for four months' rent. Hint: Debit Prepaid Rent for $3,300. October 3 The company purchased $1,390 of computer supplies on credit from Harris Office Products. October 5 The company paid $1,620 cash for one year's premium on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $1,620. October 6 The company billed Easy Leasing $5,200 for services performed in installing a new Web server. October 8 The company paid $1,390 cash for the computer supplies purchased from Harris Office Products on October 3 . October 10 The company hired Lyn Addie as a part-time assistant. October 12 The company billed Easy Leasing another \$2,200 for services performed. October 15 The company received $5,200 cash from Easy Leasing as partial payment on its account. October 17 The company paid $800 cash to repair computer equipment that was damaged when moving it. October 20 The company paid $1,718 cash for advertisements. October 22 The company received $2,200 cash from Easy Leasing on its account. October 28 The company billed IFM Company $6,008 for services performed. October 31 The company paid $770 cash for Lyn Addie's wages for seven days' work. October 31 The company paid a $3,300 cash dividend. November 1 The company paid $250cash for mileage expenses. November 2 The company received $5,433 cash from Liu Corporation for computer services performed. November 5 The company purchased computer supplies for $1,085 cash from Harris Office Products. November 8 The company billed Gomez Company $6,468 for services performed. ovember 13 The company agreed to perform future services for Alex's Engineering Company. No work has yet been performed. ovember 18 The company received $3,408 cash from IFM Company as partial payment of the October 28 bill. ovember 22 The company paid $230 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $230. ovember 24 The company completed work and sent a bill for \$4,050 to Alex's Engineering Company. ovember 25 The company sent another bill to IFM Company for the past-due amount of $2,600. ovember 28 The company paid $300cash for mileage expenses. ovember 30 The company paid $1,540 cash for Lyn Addie's wages for 14 days' work. ovember 30 The company paid a $1,100 cash dividend. Prepare a trial balance as of the end of NovemberStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started