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I need the answers The following transactions occurred for Walen Technology Solutions: (Click the icon to view the transactions.) Journalize the transacti Advertising; Land; Builc
I need the answers
The following transactions occurred for Walen Technology Solutions: (Click the icon to view the transactions.) Journalize the transacti Advertising; Land; Builc pounts: Cash; Accounts Receivable; Office Supplies; Prepaid on the last line of the jo More info May 1: The business re The following transactions occurred for Walen Technology Solutions: i) (Click the icon to view the transactions.) Journalize the transactions of Walen Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Advertising; Land; Building; Accounts Payable; Uneamed Revenue; Walen, Capital; Service Revenue; Rent Expense; and Salaries Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) May 1: The business received cash of $120,000 and gave capital to Zoe Walen. May 2: Purchased office supplies on account, $500. The following transactions occurred for Walen Technology Solutions: i) (Click the icon to view the transactions.) Journalize the transactions of Walen Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Advertising; Land; Building; Accounts Payable; Unearned Revenue; Walen, Capital; Service Revenue; Rent Expense; and Salaries Expense. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) May 4: Paid $58,000 cash for building and land. The building had a fair market value of $51,000. Prepare a compound entry. May 6: Performed services for customers and received cash, $3,500. The following transactions occurred for Walen Technology Solutions: i.) (Click the icon to view the transactions.) Journalize the transactions of Walen Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Advertising; Land; Building; Accounts Payable; Unearned Revenue; Walen, Capital; Service Revenue; Rent Expense; and Salaries Expense. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) May 9: Paid $300 on accounts payable. The following transactions occurred for Walen Technology Solutions: (Click the icon to view the transactions.) Journalize the transactions of Walen Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Advertising; Land; Building; Accounts Payable; Unearned Revenue; Walen, Capital; Service Revenue; Rent Expense; and Salaries Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) May 19: Paid rent expense for the month, $600. The following transactions occurred for Walen Technology Solutions: 'Click the icon to view the transactions.) Journalize the transactions of Walen Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Advertising; Land; Building; Accounts Payable; Unearned Revenue; Walen, Capital; Service Revenue; Rent Expense; and Salaries Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) May 21: Paid $100 for advertising in next month's IT Technology magazine. May 23: Received $2,900 cash on account from a customer. The following transactions occurred for Walen Technology Solutions: (Click the icon to view the transactions.) Journalize the transactions of Walen Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Advertising; Land; Building; Accounts Payable; Unearned Revenue; Walen, Capital; Service Revenue; Rent Expense; and Salaries Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Mav 23. Racaived $52900 cash nn arrount from a custnmer May 31: Incurred and paid salaries, $1,600Step by Step Solution
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