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in Star Inc Record these transactions of the Star Inc. company by recording the debit and credit entries directly in the T-accounts. Use the date
in Star Inc Record these transactions of the Star Inc. company by recording the debit and credit entries directly in the T-accounts. Use the date for each transaction to identify the entries, placing the date in the left-hand cell and the amount in the right-hand cell on the appropriate side of the T- account. Then determine the balance of each account, and write " Balance (or 'Bal) next to it, in the left-hand cell on the appropriate side a November 2: John Jarell (a shareholder), received share capital in Star Inc, after investing $15.000 cash and $30,000 worth of equipment b November 3: Star Inc paid a $1.750 bill received today for an advertising campaign that ran last week . November 6 The $750 bill for the advertising campaign that ran last week was received today. It will be paid within 30 days d November 9 Star Inc provided $750 of consulting services for a customer who will pay within 30 days e November 10 Star Inc received $500 towards payment for the services provided in transaction (d) 1. November 12 Star Inc used $1,000 cash and $3,750 credit to purchase new equipment worth $4.750 9. November 14 Provided consulting services to a customer and collected $700 h. November 16 Star In returned to the supplier $3,250 of equipment discovered to be defective. It was originally purchased on account in transaction (0) November 17 Star Inc, used credit to purchase $4,750 of equipment November 20 Star Inc paid $500 towards the bill from transaction (1) Cash Accounts Receivable Prepaid Rent Equipment Accounts Payable Uneamed Revenue Cash Accounts Receivable Prepaid Rent Equipment Accounts Payable Unearned Revenue Share Capital Consulting Revenue Eamed Advertising Expense
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