Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help asap! thanks Open the spreadsheet from the link betow to create the following joumal entries. Be sure that you insert the link from

need help asap! thanks image text in transcribed
Open the spreadsheet from the link betow to create the following joumal entries. Be sure that you insert the link from the spreadsheet when you kave completed the question Click to open: Oriando Company began operations on December 1. The company had the following transtiqtions during Docember. Record these transactions in proper form, including explanations If an entry is not required, please write "No Entry" a. Issued 50,000 shares of no par stock and received $350,000 cash. b. Extended an offer of employment to a sales manager who will begin work on January 1. Purchased machinery on account for \$450,000 from Tampa Company. 1. Purchased for cash a two year incurance policy for $4,800. This policy will become effective on January 1. Paid $2.500 cash in office went for the month of January. Purchased office furnifure for $50,000 with a 10% cash down payment and a six month note payable for the balance. Paid cash wages of $15,000 to employees: Provided services to customers on account for $85,000. Paid $200.000 to Tampa Company on account. feceived payment in full for services rendered (transaction h). alda telephone bill for $525 cash

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Pauline Weetman

6th Edition

0273789252, 978-0273789253

More Books

Students also viewed these Accounting questions

Question

Describe reviewing applications and rsums.

Answered: 1 week ago

Question

Identify the uses of performance appraisal.

Answered: 1 week ago

Question

Discuss selection in a global environment.

Answered: 1 week ago