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needing to be able to see amounts as well 4 Use the following information to answer Exercises E2-18 and E2-19. The following transactions occurred for
needing to be able to see amounts as well
4 Use the following information to answer Exercises E2-18 and E2-19. The following transactions occurred for Wilke Technology Solutions: May 1 The business received cash of $105,000 and gave capital to Zoe Wilke. 2 Purchased office supplies on account, $550. Paid $57,000 cash for building and land. The building had a fair market value of $45,000 6 Performed services for customers and received cash, $3,600 9 Paid $350 on accounts payable. 17 Performed services for customers on account, $3,500. 19 Paid rent expense for the month, $1,200. 20 Received $1,500 from customers for services to be performed next month 21 Paid $900 for advertising in next month's IT Technology magazine 23 Received $3,100 cash on account from a customer. 31 incurred and paid salaries, $1,700 E2-18 Analyzing and journalizing transactions Journalize the transactions of Wilke Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies: Prepaid Advertising: Land: Building; Accounts Payable: Unearned Revenue; Wilke, Capital Service Revenue: Rent Expense; and Salaries Expense Step by Step Solution
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