Lexi transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $50,000. Paid rent for period of November 1 to end of month, $4,000. Purchased office equipment on account, $15,000. Purchased a truck for $38,500 paying $5,000 cash and giving a note payable for the remainder. Purchased supplies for cash, $1,750. 12 Received cash for job completed, $11,500. Paid annual premiums on property and casualty insurance, $2,400. Recorded jobs completed on account and sent invoices to customers, $22,300. Received an invoice for truck expenses, to be paid in November, $1,250. Enter the following transactions on Page 2 of the two-column journal: 29 Paid utilities expense, $4,500. 29 Show Me How X + Paid miscellaneous expenses, $1,000. Received cash from customers on account, $9,000. Unadjusted Trial Balance CIAS UNIVERSO MacBook Pro Xcells have feedback. X ppropriate balance Save and Exit [ Next Submit Assignment for G
exchange for common alock 350.000 1 Paid ment far penod of Noverioer 1 to end of menth, st.000. 6. Punchased othos equiptart on mopoune $15.000. 10 Puchased nupples for cash 51,750 12. Rectived cash tor jab eomplited. $11,300 15. Pad annal premiums on propenty and casualy insurance. 52,400. 24 Apceved an invice for inck expenses, to be peid in Noventow, 51,250. Pact duiderde, inso0 Requier Garableste nitustion How dian radint most? Accourt iso if Gedi My Werk Assignment Score: 26.21% fingound fiet gotmitate MecBuak Pro Chapter 2 Homerwork Part 3 encosk Erow We ivere Joumal entries and trial balance thitruction: Chart of Accaunt Tomentwounes General Ledger Ceneral Ledger - Acoover Accounts Prrpible momet an 22 a mew nox air Dat acts maver cantor 1 1 1 Apoevint Commoe Stock part mea port ner ent cant oint truiar corror 1 Acoovet Pindend Aowint the, 13 Dare mex port an okent wivist bitirt Necount: Fees fampd Accturit 14, is Dete iv notr. ses. Cotart coent oush 1 Chook My Work Astenment Score: 2694% MacBook Pro Chack My Woik Astignment Score: 26.91% Gave and thet gither moventrot 2. Cengosenowizitionino this: wione Wwint Chapter 2 Homework Part 3 reost sheq Mitist fournal entries and trial belance Instructions Chart et Aceounts I Generat Joumal General Ledger Oock My Work Greansent Sutmaniermint Asalghment Score: 26.915 C Hom Nerw The x+ 3 abose grow the lise Unesfated Ted Bdarese Noventer: 90,2659 1 Cust scosum mity oker aest Nocounts Recolvatle 1,83000 Isaplet - Arsed truaraver i folonert - Thua Nooes Frable 1. Accourts Fyoble + Comentmax in Cividense 11. Ftes Eaned 11 wous Eiproce 13 Reat Eapece 14 volbe txpense a) frod byese - Mexclaneon trpeser sevant 8 . MiceBook Pro 4. Determine the excess of cevinues over exageses for November. Feoctoack Check My Work Calculate Revenuet - Expenses = Net incoene. 5. Gan you think of any reason why the amount determined in (4) might not be the net income for Novernber? Because the cash balance is incorrect. Because the dividends are declared but not paid. Because the closing inventory bulance is missing Because necessary adjustment to expenses, Hee depreciation has not been made. exchange for common alock 350.000 1 Paid ment far penod of Noverioer 1 to end of menth, st.000. 6. Punchased othos equiptart on mopoune $15.000. 10 Puchased nupples for cash 51,750 12. Rectived cash tor jab eomplited. $11,300 15. Pad annal premiums on propenty and casualy insurance. 52,400. 24 Apceved an invice for inck expenses, to be peid in Noventow, 51,250. Pact duiderde, inso0 Requier Garableste nitustion How dian radint most? Accourt iso if Gedi My Werk Assignment Score: 26.21% fingound fiet gotmitate MecBuak Pro Chapter 2 Homerwork Part 3 encosk Erow We ivere Joumal entries and trial balance thitruction: Chart of Accaunt Tomentwounes General Ledger Ceneral Ledger - Acoover Accounts Prrpible momet an 22 a mew nox air Dat acts maver cantor 1 1 1 Apoevint Commoe Stock part mea port ner ent cant oint truiar corror 1 Acoovet Pindend Aowint the, 13 Dare mex port an okent wivist bitirt Necount: Fees fampd Accturit 14, is Dete iv notr. ses. Cotart coent oush 1 Chook My Work Astenment Score: 2694% MacBook Pro Chack My Woik Astignment Score: 26.91% Gave and thet gither moventrot 2. Cengosenowizitionino this: wione Wwint Chapter 2 Homework Part 3 reost sheq Mitist fournal entries and trial belance Instructions Chart et Aceounts I Generat Joumal General Ledger Oock My Work Greansent Sutmaniermint Asalghment Score: 26.915 C Hom Nerw The x+ 3 abose grow the lise Unesfated Ted Bdarese Noventer: 90,2659 1 Cust scosum mity oker aest Nocounts Recolvatle 1,83000 Isaplet - Arsed truaraver i folonert - Thua Nooes Frable 1. Accourts Fyoble + Comentmax in Cividense 11. Ftes Eaned 11 wous Eiproce 13 Reat Eapece 14 volbe txpense a) frod byese - Mexclaneon trpeser sevant 8 . MiceBook Pro 4. Determine the excess of cevinues over exageses for November. Feoctoack Check My Work Calculate Revenuet - Expenses = Net incoene. 5. Gan you think of any reason why the amount determined in (4) might not be the net income for Novernber? Because the cash balance is incorrect. Because the dividends are declared but not paid. Because the closing inventory bulance is missing Because necessary adjustment to expenses, Hee depreciation has not been made
