please fill out the journal entry worksheet for a - j
Connect (20+) Facebook Ma ill Connect Deep Integration er 3 Homework Barbara Jones opened Barb's Book Business on February 1. You have been hired to maintain the company's financial records. The following transactions occurred in February, the first month of operations. Ded a Received shareholders' cash contributions on February 1 totaling $28,000 to form the corporation issued 1000 shares of common stock. b. Paid $2,970 cash on February 2 for three months' rent for office space TIP: For convenience, simply record the full amount of the payment as an asset (Prepaid Rent). At the end of the month, this account will be adjusted to its proper balance. c Purchased and received supplies on February 3 for $655 cash. d Signed a promissory note on February 4, payable in two years; deposited $19,300 in the company's bank account e. On February 5, paid cash to buy equipment for $8,000 and land for $11,300. Placed an advertisement in the local paper on February 6 for $705 cash. . Recorded sales on February 7 totaling $3,450, $1,680 was in cash and the rest on accounts receivable. h Collected accounts receivable of $115 from customers on February 8. 1. On February 9, repaired one of the computers for $170 cash. TIP. Most repairs involve costs that do not provide additional future economic benefits. J. Incurred and paid employee wages on February 28 of $715. ok Fence General General Trial Require. Analysis Journal Ledger Balance Prepare the journal entries to record the transactions (a) through (1). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list > Journal entry worksheet 2 3 4 5 6 7 8 9 10 Received shareholders' cash contributions on February 1 totaling $28,000 to form the corporation; issued 1,000 shares of common stock. Record the transaction. Note: Enter debits before credits. General Journal Debit Date Feb 01 Credit Record entry View general Journal Clear entry Requirement General Journal General Ledger Trial Balance Analysis Prepare the journal entries to record the transactions (a) through (). (If no entry is required for a transactio journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 3 4 5 6 7 8 9 10 > Paid $2,970 cash on February 2 for three months' rent for office space. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit Feb 02 Record entry Clear entry View general journal Requirement General Journal General Ledger Trial Balance Analysis Prepare the journal entries to record the transactions (a) through C). (If no entry is required for a transaction/event, se journal entry required" in the first account field.) View transaction list Journal entry worksheet Requirement General Journal General Ledger Trial Balance Analysis ok Prepare the journal entries to record the transactions (a) through (1). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) ences View transaction list Journal entry worksheet ces View transaction list Journal entry worksheet On February 5, paid cash to buy equipment for $8,000 and land for $11,300. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit Feb 05 Record entry Clear entry View general Journal View transaction list Journal entry worksheet Recorded sales on February 7 totaling $3,450; $1,680 was in cash and the rest on accounts receivable. Record the transaction. Note: Enter debits before credits Date General Journal Debit Credit Feb 07 Record entry Clear entry View general Journal Journal entry worksheet Placed an advertisement in the local paper on February 6 for $705 cash. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit Feb 06 Record entry Clear entry View general journal Journal entry worksheet View transaction list Journal entry worksheet View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 Incurred and paid employee wages on February 28 of $715. Record the transaction Note: Enter debits before credits. Date General Journal Debit Credit Feb 28 Record entry Clear entry View general Journal ME araw Der
