Kathy Perry opens a web consulting business called Perry Consulting and completes the following transactions in March. Using the following transactions , record journal entries, create financial statements , and assess the impact of each transaction on the financial statements .
Help Save & Exit Submit ork mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Kathy Perry opens a web consulting business called Perry Consulting and completes the following transactions in March. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Mar. 1 Perry invested $186,000 cash along with $23,200 in office equipment in the company in exchange for common stock. Mar. 2 The company prepaid $6,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 3 The company made credit purchases of office equipment for $4,200 and office supplies for $2,400. Payment is due within 10 days. Mar. 6 The company completed services for a client and immediately received $5,200 cash. Mar. 9 The company completed a $8,700 project for a client, who must pay within 30 days. Mar. 12 The company paid $6,600 cash to settle the account payable created on March 3. Mar. 19 The company paid $6,300 cash for the premium on 12-month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 22 The company received $5,200 cash as partial payment for the work completed on March 9. Mar. 25 The company completed work for another client for 55,100 on credit. Mar. 29 The company paid $5,500 cash in dividends. Mar. 30 The company purchased $1,000 of additional office supplies on credit. Mar. 31 The company paid $900 cash for this month's utility bill. Answer is not complete. Requirement General Journal General Ledger Til Balance i Income Statement st Retained Earnings Balance Sheet impact on Equ Using the dropdown humans, select the financial statement elements and account titles to be included on the income statement. The sce t atically populate PERRY CONSULTING Income Statement For Month Ended March 31 Prev 1 of 1 !!! Next > work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question company's policy is to record prepaid expenses in balance sheet accounts. Mar. 22 The company received $5,200 cash as partial payment for the work completed on March 9. Mar. 25 The company completed work for another client for $5,100 on credit. Mar. 29 The company paid $5,500 cash in dividends. Mar. 30 The company purchased $1,000 of additional office supplies on credit. Mar. 31 The company paid $900 cash for this month's utility bill. Answer is not complete. Requirement General Journal General Ledger Trial Balance Income Statement St Retained " Earnings s Balance Sheet Impact on Equ . Using the dropdown buttons, select the financial statement elements and account titles to be included on the income statement. The attomatically populate. PERRY CONSULTING Income Statement For Month Ended March 31 St Retained Earnings > Prev 1 of 1 Next
