Question
On September 1, 2019 Kate Dodson began operating a clinic counselling youth called Kate Dodson Counselling Services. Her September transactions are listed below: 1) Prepare
On September 1, 2019 Kate Dodson began operating a clinic counselling youth called Kate Dodson Counselling Services. Her September transactions are listed below: 1) Prepare journal entries, T- Accounts, 3 Column Ledger Accounts, and the Unadjusted Trial Balance Sept. 1 Kate invested $20,000 cash, office furniture and an office building with a fair market value of $5,000 and $90,000 respectively. 3 Provided counseling services to clients on account, $1,000. 6 Purchased office supplies on credit, $400. 7 Received $2,200 cash for counselling services. 10 Kate signed a contract with the province to provide counseling services to local schools for $3,000 per month beginning in October. 15 Paid salary to assistant $950. 16 Received the February telephone bill, $100 due on October 16. 21 Received $800 from clients for payment on account. 22 Paid $300 for the office supplies purchased on September 6. 28 Paid salary to assistant $950. 28 Paid the September utility bill, $380 30 Purchase Vehicle for $10,000 cash 30 Prepaid rent for 12 months $12,000 30 Prepaid insurance for 12 months $1,200 30 Owner withdrew $1,000 for personal expenses
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started