Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare General Journal entries to record the following August 2014 transactions of a new business called The Pixel Shop. (If no entry is required for

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Prepare General Journal entries to record the following August 2014 transactions of a new business called The Pixel Shop. (If no entry is required for a transaction/event, select "No joumal entry required" in the first account field.) Aug. 1 Joseph Eetok, the owner, invested $25,000 cash and photography equipment with a fair value of $37,000. 1 Rented a studio, paying $10,500 for the next three months in advance. 5 Purchased office supplies for $1,550cash. 20 Received $8.950 in photography fees. 31 Paid $1,350 for August utilities. Journal entry worksheet 45 Prepare General Journal entries to record the following August 2014 transactions of a new business called The Pixel Shop. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Aug. 1 Joseph Eetok, the owner, invested $25,000 cash and photography equipment with a fair value of $37,000. 1 Rented a studio, paying $10,500 for the next three months in advance. 5 Purchased office supplies for $1,550cash. 20 Received $8,950 in photography fees. 31 Paid $1,350 for August utilities. Journal entry worksheet Note: Enter debits before credits. Prepare General Journal entries to record the following August 2014 transactions of a new business called The Pixel Shop. (If no entry is required for a transaction/event, select "No journol entry required" in the first account field.) Aug. 1 Joseph Eetok, the owner, invested $25,000 cash and photography equipment with a fair value of $37,000. 1 Rented a studio, paying $10,500 for the next three months in advance. 5 Purchased office supplies for $1,550cash. 20 Received $8,950 in photography fees. 31 Paid $1,350 for August utilities. Journal entry worksheet Note: Enter debits before credits. Prepare General Journal entries to record the following August 2014 transactions of a new business called The Pixel Shop. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Aug. 1 Joseph Eetok, the owner, invested $25,000 cash and photography equipment with a fair value of $37,000. 1 Rented a studio, paying $10,500 for the next three months in advance. 5 Purchased office supplies for $1,550 cash. 20 Received $8,950 in photography fees. 31 Paid $1,350 for August utilities. Journal entry worksheet Note: Enter debits before credits. Prepare General Journal entries to record the following August 2014 transactions of a new business called The Pixel Shop. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Aug. 1 Joseph Eetok, the owner, invested $25,000 cash and photography equipment with a fair value of $37,000. 1 Rented a studio, paying $10,500 for the next three months in advance. 5 Purchased office supplies for $1,550cash. 20 Received $8,950 in photography fees. 31 Paid $1,350 for August utilities. Journal entry worksheet Record to paid for August utilities. Note: Enter debits before credits

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

23rd Edition

978-0324662962

More Books

Students also viewed these Accounting questions