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please solve all of them and all of the journal entires ComorowserChUESTSWANA 2626262 newconnect.meducation.com Homework Chapter 2 Saved Help Below are several transactions for Clarke
please solve all of them and all of the journal entires
ComorowserChUESTSWANA 2626262 newconnect.meducation.com Homework Chapter 2 Saved Help Below are several transactions for Clarke Corporation. A junior accountant, recently employed by the company, proposes to record the following transactions Debit 10,000 Credit 10,000 3,000 3,000 200 200 External Transaction Accounts 1. Owners invest $10,000 in the company and receive common stock. Common Stock Cash 2. Receive cash of $3,000 for services provided in the current period. Cash Service Revenue J. Purchase office supplies on account, $200. Supplies Cash 4. Pay $500 for next month's rent. Rent Expense 5. Purchase office equipment with cash of $1,700. Cash Equipment Required: 1. Assess whether the proposed entries are correct or incorrect. 2. Provide a correct entry for each of the transactions classified as incorrect. 500 Cash 500 1,700 1,700 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assess whether the proposed entries are correct or incorrect. External Transaction 1. 2 3. 4. 5 Required 1 Required 2 Provide a correct entry for each of the transactions classified as incorrect. (If no entry is required to correct a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 Owners invest $10,000 in the company and receive common stock, Note: Enter debits before credits Transaction General Journal Debit 1 Credit Record entry Clear entry View general Journal Provide a correct entry for each of the transactions classified as incorrect. (If no entry is required to correct a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list X Owners Invest $10,000 in the company and receive common stock 2 Receive cash of $3,000 for services provided in the current period. 3 Purchase office supplies on account, $200. 4 Pay $500 for next month's rent. Credit 5 Purchase office equipment with cash of $1,700. Note : - Journal entry has been entered Record entry Clear entry View general Journal Step by Step Solution
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