Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please post to general journal and make trial balance (1) October 23, 2021: Stockholders invested cash of $30,000 in the business and received 3,000 shares
Please post to general journal and make trial balance
(1) October 23, 2021: Stockholders invested cash of $30,000 in the business and received 3,000 shares common stock as evidence of their ownership interest. (2) November 1, 2021: Rent of $1,500 was paid for the month of November. (3) November 2, 2021: Purchased folders and office supplies of $1,100 in cash. (4) November 7, 2021: Computer and office equipment with a cost of $6,000 was purchased on credit; payment is due within 30 days. (5) November 14, 2021: Bills totaling $4,800 were presented to customers for bookkeeping services performed; $2,900 was received in cash immediately; the balance is due within 20 days. (6) November 18, 2021: Full payment was made for the computer and office equipment purchased on November 7. (7) November 22, 2021: Payment of $1,000 was received from customers with balances due from November 14. (8 ) November 28, 2021: Employee salaries of $2,300 were paid. (9) December 1, 2021: Rent of $1,500 was paid for the month of December. (10) December 21, 2021: Performed $4,700 of bookkeeping services and billed clientsStep 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