Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PR2-1A entries into T accounts and trial balance :Series A OBJ. 1.2,3 on January 1, 2016. During the Entries into T accounts and trial balance
PR2-1A entries into T accounts and trial balance
:Series A OBJ. 1.2,3 on January 1, 2016. During the Entries into T accounts and trial balance Architects PR 2-1A ctions: Kimberly Manis, an architect, organized Manis month, Manis Architects completed the following transa ly Manis in exchange for $18,000. a. Issued common stock to Kimber b. Paid January rent for office and workroom, $1,950 c. Purchased used automobile for $28,500, paying $5,700 cash and giving a note for the remainder. d. Purchased office and computer equipment on account, $4,500. e. Paid cash for supplies, $1,875. f. Paid cash for annual insurance policies, $3,600. g. Received cash from client for plans delivered, $13,650. h. Paid cash for miscellaneous expenses, $2,600. i. Paid cash to creditors on account, $3,000. j. Paid installment due on note payable, $950. k. Received invoice for blueprint service, due in February, $3,750. l. Recorded fees earned on plans delivered, payment to be received in February, m. Paid salary of assistants, $4,100. n. Paid gas, oil, and repairs on automobile for January, $1,300 Step 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