Question
Lisa Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. April2Invested
Lisa Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred.
April2Invested $28,720 cash and equipment valued at $11,820 in the business.2Hired an administrative assistant at a salary of $299 per week payable monthly.3Purchased supplies on account $594. (Debit an asset account.)7Paid office rent of $629 for the month.11Completed a tax assignment and billed client $935 for services rendered. (Use Service Revenue account.)12Received $2,997 advance on a management consulting engagement.17Received cash of $2,046 for services completed for Ferengi Co.21Paid insurance expense $113.30Paid administrative assistant $1,196 for the month.30A count of supplies indicated that $131 of supplies had been used.30Purchased a new computer for $5,272 with personal funds. (The computer will be used exclusively for business purposes.)
Journalize the transactions in the general journal.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation Debit Credit
choose a transaction date
Apr. 2
Apr. 3
Apr. 7
Apr. 11
Apr. 12
Apr. 17
Apr. 21
Apr. 30
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
Apr. 2
Apr. 3
Apr. 7
Apr. 11
Apr. 12
Apr. 17
Apr. 21
Apr. 30
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
Apr. 2
Apr. 3
Apr. 7
Apr. 11
Apr. 12
Apr. 17
Apr. 21
Apr. 30
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
Apr. 2
Apr. 3
Apr. 7
Apr. 11
Apr. 12
Apr. 17
Apr. 21
Apr. 30
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
Apr. 2
Apr. 3
Apr. 7
Apr. 11
Apr. 12
Apr. 17
Apr. 21
Apr. 30
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
Apr. 2
Apr. 3
Apr. 7
Apr. 11
Apr. 12
Apr. 17
Apr. 21
Apr. 30
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
Apr. 2
Apr. 3
Apr. 7
Apr. 11
Apr. 12
Apr. 17
Apr. 21
Apr. 30
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
Apr. 2
Apr. 3
Apr. 7
Apr. 11
Apr. 12
Apr. 17
Apr. 21
Apr. 30
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
Apr. 2
Apr. 3
Apr. 7
Apr. 11
Apr. 12
Apr. 17
Apr. 21
Apr. 30
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
Apr. 2
Apr. 3
Apr. 7
Apr. 11
Apr. 12
Apr. 17
Apr. 21
Apr. 30
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
Apr. 2
Apr. 3
Apr. 7
Apr. 11
Apr. 12
Apr. 17
Apr. 21
Apr. 30
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
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