Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Oct.1Aster Turane invested $32,000 cash, a $5,040 computer system, and$12,000 of office equipment in the business. 2 Paid six months of rent in advance; $9,300.

Oct.1Aster Turane invested $32,000 cash, a $5,040 computer system, and$12,000 of office equipment in the business.

2 Paid six months of rent in advance; $9,300.

3 Purchased computer supplies on credit for $1,975 from Triple-One Supplies.

5. Paid $8,640 cash for one year's premium on a property and liability insurancepolicy.

6. Billed Norton Electric $3,300 for installing a new computer system.

8. Paid for the computer supplies purchased from Triple-One Supplies.

10 Hired Donald Gee as a part-time assistant for $345 per day, as needed.

12. Billed Norton Electric another $1,850 for computer services rendered.

15 Received $1,650 from Norton Electric on its account.

17 Paid $375 to repair equipment damaged when moving into thenew office.

20. Paid $1,950 for an advertisement in the local newspaper.

22. Received the balance owing from Norton Electric on its account.

28. Billed Whistler Resort $6,400 for services.

31 Paid Donald Gee for nine days' work.

31. Aster Turane withdrew $1,200 cash from the business for personal use.

( journalize entries )

(t-account)

( Trial Balance )

(Financial Statment)

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_2

Step: 3

blur-text-image_3

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

Essentials Of Accounting For Governmental And Not-for-Profit Organizations

Authors: Paul Copley

14th Edition

1260570177, 978-1260570175

More Books

Students also viewed these Accounting questions

Question

14. Now reconcile what you answered to problem 15 with problem 13.

Answered: 1 week ago