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please help ON Business transactions completed by Hannah Venedict during the month of September are as follows. a. Venedict invested $84 000 cash along with
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ON Business transactions completed by Hannah Venedict during the month of September are as follows. a. Venedict invested $84 000 cash along with office equipment Valued at $22,000 in a new business named HV Consulting in exchange for common stock b. The company purchased land valued at $40,000 and a building valued at $160,000. The purchase is paid with $25,000 cash and a note payable for $175,000 c. The company purchased $1,500 of office supplies on credit d. Venedict invested an automobile in the company in exchange for more common stock. The automobile has a value of $17,000 e. The company purchased $5,000 of additional office equipment on credit 1. The company paid $1,600 cash salary to an assistant 9. The company provided services to a client and collected 57800 cash. h. The company paid $645 cash for this month's utilities 1. The company paid $1,500 cash to settle the account payable created in transaction J. The company purchased $20,100 of new office equipment by paying $20,100 cash k. The company completed $7,000 of services on credit for a client who must pay within 30 days L. The company paid $1700 cash salary to an assistant m. The company received $3,500 cash in partial payment on the receivable created in transaction k n. The company paid a $2500 cash dividend int Tences Required: 1. Prepare general journal entries to record these transactions using the following titles Cash (101). Accounts Receivable (106): Office Supplies (108) Office Equipment (163) Automobiles (164) Building (170). Land (172). Accounts Payable (201). Notes Payable (250), Common Stock (307): Dividends (319). Consulting Revenue (403). Salaries Expense (601) and Utilities Expense (602) 2. Post the journal entries from part 1 to the ledger accounts 3. Prepare a trial balance as of the end of September Complete this question by entering your answers in the tabs below Required: Required 2 Required) Prepare general Journal entries to record these transactions using the following titlest cash (101) Accounts Receivable (106); Office Supplies (108) Office Equipment (103) Automobiles (164) Building (170) Land (272) Accounts Payable (201); Notes Payable (250); Common Stock (302): Dividends (19) Consulting Revenue (409) Salaries Expense (601) and Utilities Expense (602) View transactions Savod mework Complete this question by entering your answers in the tabs below. Required 1 Requited 2 Required 3 Post the journal entries from part 1 to the ledger accounts. 101: Cash Transaction Debit Credit Balance 106: Accounts Receivable Debit Credit Transaction Balance 108: Office Supplies Debit Credit Transaction 163: Office Equipment Debit Credit Balance Transaction Balance 164: Automobiles Dobit Credit Transaction 170: Building Debit Credit Balance Transaction Balance 172: Land 201: Accounts Payable Step by Step Solution
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