Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Journal Entries Ima Chet invested $10,000 cash AND 515,000 cooking equipment in a catering business, What is the journal entry to record this transaction? **Note

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Journal Entries Ima Chet invested $10,000 cash AND 515,000 cooking equipment in a catering business, What is the journal entry to record this transaction? **Note - when entering the S amount, DO NOT USE "$* signs or commas. For example, entet 51,000 as 1000 or $300 as 300. This will simplity things Date Account Titles and Explanation PR Debit Credit Journal Entries Paid the $2,400 premium on a one-year insurance policy. What is the journal entry to record this transaction? **Note - when entering the s amount, DO NOT Use "S" signs or commas. For example, enter $1,000 as 1000 or $300 as 300. This will simply things Date Account Titles and Explanation PR Debit Credit Journal Entries Purchased $5,000 cooking equipment on account What is the journal entry to record this transaction? **Note - when entering the amount DO NOT use "S" signs or commas. For example, enter 51,000 as 1000 $300 as 300. This will simply things Date Account Titles and Explanation PR Debit Credit Journal Entries Invoiced/billed $5,000 catering services to clients for catering. What is the journal entry to record this transaction? **Note - when entering the $ amount, DO NOT USE "S" signs or commas. For example, enter $1,000 as 1000 or $300 as 300. This will simply things. Date Account Titles and Explanation PR Debit Credit Journal Entries Provided $3,000 catering services to clients for cash. What is the journal entry to record this transaction? **Note - when entering the samount, DO NOT USE "S" signs or commas. For example, enter $1,000 as 1000 or $300 as 300. This will simplity things Date Account Titles and Explanation PR Debit Credit Journal Entries Provided $2,000 catering services to clients on account. What is the journal entry to record this transaction? **Note - when entering the $ amount, DO NOT USE "S" signs or commas. For example, enter 51,000 as 1000 or $300 as 300. This will simplity things Date Account Titles and Explanation PR Debit Credit Journal Entries Signed a contract to provide $3,000 catering services to clients next month What is the journal entry to record this transaction? **Note - when entering the amount, DO NOT use "S" signs or commas. For example, enter $1,000 as 1000 or $300 as 300. This will simplify things. Date Account Titles and Explanation PR Debit Credit Journal Entries Purchased additional cooking equipment for $25,000, paid using $5,000 cash and the remainder with a notes payable What is the journal entry to record this transaction? **Note - when entering the amount, DO NOT use "S" signs or commas. For example, enter 51,000 as 1000 or $300 as 300. This will simply things Date Account Titles and Explanation PR Debit Credit 0 Journal Entries Performed $2,500 in catering services for a customer. $1000 cash was paid with the remainder on account What is the journal entry to record this transaction? **Note. when entering the S amount DO NOT Use "S" signs or commas. For example, enter $1,000 as 1000 or $300 as 300. This will simply things. Date Account Titles and Explanation PR Debit Credit Journal Entries Purchased $100 office supplies and paid cash What is the journal entry to record this transaction? **Note - when entering the $ amount, DO NOT Use "S" signs or commas. For example, enter 51,000 as 1000 or $300 as 300. This will simply things Date Account Titles and Explanation PR Debit Credit e

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

Recommended Textbook for

Personal Financial Planning

Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk

15th Edition

9780357438480

Students also viewed these Accounting questions