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On October 1, 20X1, Helen Kennedy opened an advertising agency DATE TRANSACTIONS Oct. 1 Helen Kennedy invested $65,000 cash in the business. 2 Paid October
On October 1, 20X1, Helen Kennedy opened an advertising agency DATE TRANSACTIONS Oct. 1 Helen Kennedy invested $65,000 cash in the business. 2 Paid October office rent of $3,250; issued Check 1001. The company used the Prepaid Rent account. 5 Purchased desks and other office furniture for $13,500 from Office Furniture Mart, Inc.; received Invoice 6704 payable in 60 days. 6 Issued Check 1002 for $3,450 to purchase art equipment. 7 Purchased supplies for $1,800; paid with Check 1003. 10 Issued Check 1004 for $450 for office cleaning service. 12 Performed services for $4,350 in cash and $2,150 on credit. (Use a compound entry) 15 Returned damaged supplies for a cash refund of $250. 18 Purchased a computer for $3,250 from Office Furniture Mart, Inc., Invoice 7108; issued Check 1005 for a $1,875 down payment, with the balance payable in 30 days. (Use one compound entry.) 20 Issued Check 1006 for $6,750 to Office Furniture Mart, Inc., as payment on account for Invoice 6704. 26 Performed services for $4,650 on credit. 27 Paid $250 for monthly telephone bill; issued Check 1007. 30 Received $3,950 in cash from credit customers. 30 Mailed Check 1008 to pay the monthly utility bill of $325. 30 Issued Checks 1009-1011 for $8,250 for salaries. Required: 1. Journalize the above transactions 2. Post the above transactions to the ledger accounts Analyze: What is the balance of account 202 in the general ledger? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Analyze Journalize the above transactions. View transaction list Journal entry worksheet 30 Mailed Check 1008 to pay the monthly utility bill of $325. 30 Issued Checks 1009-1011 for $8,250 for salaries. Required: 1. Journalize the above transactions. 2. Post the above transactions to the ledger accounts. Analyze: What is the balance of account 202 in the general ledger? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Analyze What is the balance of account 202 in the general ledger? Balance of account 202
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