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If someone can help me on this one I'd appreciate it. I want to use yours as a double check for mine. Thanks much! Principles
If someone can help me on this one I'd appreciate it. I want to use yours as a double check for mine. Thanks much!
Principles of Accounting Ch 1 & 2 1. a) On the form provided on the following page, journalize these business transactions Identify each transaction by its number. Omit explanations of the transactions. Indicate "No entry" if appropriate A partial chart of accounts is provided below Cash Office Supplies Accounts Receivable Prepaid Rent Prepaid Insurance Office Equipment Accounts Payable Notes Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries Expense Rent Expense Advertising Expense Insurance Expense 1. The company issued shares of common stock in exchange for $35,000 2. Purchased $400 of office supplies on credit. 3. Purchased office equipment for $8,000, paying $2,000 in cash and signed a 30-day, $6,000 note payable 4. Performed services and received $4,000 from customer 5. Paid $700 in cash for the current month's rent. 6. Paid S200 cash on account for office supplies purchased in transaction 2 7. Received a bill for $600 for advertising for the current month. Payment will be made next month. 8. Hired a new employee who will begin working next month at a salary of $2,250 per month. 9. Billed customer $1,500 for services performed. 10. Received $950 in advance for work to be done next month. 11. Paid S1,200 for a one-year insurance policy 12. Received $1,000 from customer in partial payment for billing on account in transaction 9
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