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please solve number 2 Problem 2-4A (Algo) Recording transactions; posting to ledger; preparing a trial balance LO A1, P1 Business transactions completed by Hannah Venedict
please solve number 2
Problem 2-4A (Algo) Recording transactions; posting to ledger; preparing a trial balance LO A1, P1 Business transactions completed by Hannah Venedict during the month of September are as follows. a. Venedict invested $90,000 cash along with office equipment valued at $22,000 in a new business named HV Consulting. b. The company purchased land valued at $30,000 and a bullding valued at $170,000. The purchase is paid with $25,000 cash and note payable for $175,000 c. The company purchased $2,100 of office supplies on credit. d. Venedict invested an automobile in the company. The automobile has a value of $17,000. e. The company purchased $5,800 of additional office equipment on credit. f. The company paid $1,700 cash salary to an assistant. g. The company provided services to a client and collected $7,400 cash. h. The company paid $630 cash for this month's utilities. i. The company paid $2,100 cash to settle the account payable created in transaction c. j. The company purchased $20.100 of new office equipment by paying $20,100 cash. k. The company completed $6,750 of services on credit for a client, who must pay within 30 days. 1. The company paid $1,700 cash salary to an assistant. m. The company received $4,000 cash in partial payment on the recelvable created in transaction k. m. The company received $4,000 cash in partial payment on the receivable created in transaction k. n. Venedict withdrew $2,700 cash from the company for personal use. 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); Bullding (170); Land (172); Accounts Payable (201); Notes Payable (250); H Venedict, Capital (301): H. Venedict, Withdrawals (302); 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. Q Answer is not complete. Complete this question by entering your answers in the tabs below. Post the journal entries from part 1 to the ledger accounts Step by Step Solution
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