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Monty Corp. provides security services. Selected transactions for Monty Corp. are presented below. Oct. 1 Issued common stock in exchange for $60,700 cash from investors.
Monty Corp. provides security services. Selected transactions for Monty Corp. are presented below.
Oct. 1 | Issued common stock in exchange for $60,700 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 $16,600, paying $3,700 cash and the balance on account. | |
8 | Paid $1,300 for advertising. | |
10 | Received bill for equipment repair cost of $380. | |
12 | Provided security services for event for $2,900 on account. | |
16 | Purchased supplies for $380 on account. | |
21 | Paid balance due from October 7 purchase of equipment. | |
24 | Received and paid utility bill for $136. | |
27 | Received payment from customer for October 12 services performed. | |
31 | Paid employee salaries and wages of $4,700. |
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.) Post the transactions to T-accounts.
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