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Marigold Corp. provides security services. Selected transactions for Marigold Corp. are presented below. Oct. 1 Issued common stock in exchange for $58,100 cash from investors.
Marigold Corp. provides security services. Selected transactions for Marigold Corp. are presented below.
Oct. 1 | Issued common stock in exchange for $58,100 cash from investors. | |
2 | Hired part-time security consultant. Salary will be $1,800 per month. First day of work will be October 15. | |
4 | Paid 1 month of rent for building for $1,800. | |
7 | Purchased equipment for $15,800, paying $3,500 cash and the balance on account. | |
8 | Paid $1,100 for advertising. | |
10 | Received bill for equipment repair cost of $360. | |
12 | Provided security services for event for $2,800 on account. | |
16 | Purchased supplies for $360 on account. | |
21 | Paid balance due from October 7 purchase of equipment. | |
24 | Received and paid utility bill for $130. | |
27 | Received payment from customer for October 12 services performed. | |
31 | Paid employee salaries and wages of $4,500. |
Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the previous part. For accounts with zero balance select "Balance" from the list and enter "0" or leave it blank.)
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