Question
Monty Corp.provides security services. Selected transactions forMonty Corp.are presented below. Oct. 1Issued common stock in exchange for $60,700cash from investors.2Hired part-time security consultant. Salary will
Monty Corp.provides security services. Selected transactions forMonty Corp.are presented below.
Oct. 1Issued common stock in exchange for $60,700cash from investors.2Hired part-time security consultant. Salary will be $1,800per month. First day of work will be October 15.4Paid 1 month of rent for building for $1,800.7Purchased equipment for $16,600, paying $3,700cash and the balance on account.8Paid $1,300for advertising.10Received bill for equipment repair cost of $380.12Provided security services for event for $2,900on account.16Purchased supplies for $380on account.21Paid balance due from October 7 purchase of equipment.24Received and paid utility bill for $136.27Received payment from customer for October 12 services performed.31Paid employee salaries and wages of $4,700.
(a)
Journalize the transactions.(If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
choose a transaction date
Oct. 1
Oct. 2
Oct. 4
Oct. 7
Oct. 8
Oct. 10
Oct. 12
Oct. 16
Oct. 21
Oct. 24
Oct. 27
Oct. 31
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
Oct. 1
Oct. 2
Oct. 4
Oct. 7
Oct. 8
Oct. 10
Oct. 12
Oct. 16
Oct. 21
Oct. 24
Oct. 27
Oct. 31
enter an account title
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