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PLEASE SOLVE THE ABOVE PROBLEM. THANKYOU. hp?attempt=119548 cmid=20553 ABC Company is a new company. This is the first month of operations. The following are the
PLEASE SOLVE THE ABOVE PROBLEM. THANKYOU.
hp?attempt=119548 cmid=20553 ABC Company is a new company. This is the first month of operations. The following are the transactions for June 2020. a) The owner invested $30,000 in cash and a vehicle that had a fair value of $20,000. The vehicle was originally purchased by the owner for $30,000 b) Completed a $3,000 project for a client who will pay within 30 days c) Received a partial payment of $1,000 for the work completed in part b. d) Signed a contract to complete work for a client starting next month e) Paid a $500 deposit for an advertisement to be published next week in the local paper Required: Drag and drop the correct account name or amount in the journal entries below. Journal Entries Part/Date Account Title and Description PR Debit $ Credit a 30.000 OPPO F11 Pattempt=119548cmid=20553 Requireu: Drag and drop the correct account Time or amount the journal entries below. Journal Entries Part/Date Account Title and Description PR Debit $ Credit $ a) 30,000 Vehicle Capital b) 3,000 3,000 c) Cash 1.000 AR 1,000 e Cash 500 Cash 20.000 50,000 Bi ) OPPO F11 Capital b) 3,000 3,000 Cash 1,000 AR 1,000 d) e) 500 Cash 500 Cash 20,000 50,000 AR Revenue Event Prepaid Advertising Business Transaction Advertising Expense 30,000 60,000 0 Uneamed Revenue Accounts Payable Equity OPPO F11Step by Step Solution
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