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Question 2 please And I just divided the whole question into 2 pieces. (Better in excel) After the success of its first two months. Elton
Question 2 please And I just divided the whole question into 2 pieces. (Better in excel)
After the success of its first two months. Elton Worth has decided to continue operating Elton Systems. The transactions that occurred in these months are described in Chapter 2) Before proceeding in December, Elton adds these new accounts to the chart of accounts for the ledger 210 Account Accumulated Depreciation, Office Equipment Accumulated Depreciation, Computer Equipment Wages Payable Uneamed Computer Services Revenue Depreciation Expense, Office Equipment Depreciation Expense, Computer Equipment Insurance Expense Rent Expense Computer Supplies Expense 612 613 637 Required 1. Prepare journal entries to record each of the following transactions for Elton entries to the accounts in the ledger Dec 3 Paid $3.000 to the Mayfair Mall for the company's share of mall advertising costs for December 3 Paid $265 to repair the company's computer 4 Received the balance owing from Sopher's Electrical 10 Paid Anne Stafford for seven days' work at the rate of $265 per day 14 Notified by Sopher's Electrical that Elton's bid of $12,340 on a proposed project was accepted. Reynolds paid an advance of $5,340. 17 Purchased $1.950 of computer supplies on credit from Kensington Supplies entries to the accounts in the ledger. Dec. 3 Paid $3,600 to the Mayfair Mall for the company's share of mall advertising costs for December 3 Paid $265 to repair the company's computer. 4 Received the balance owing from Sopher's Electrical 10 Paid Anne Stafford for seven days' work at the rate of $265 per day. 14 Notified by Sopher's Electrical that Elton's bid of $12.340 on a proposed project was accepted. Reynolds paid an advance of $5,340. 17 Purchased $1,950 of computer supplies on credit from Kensington Supplies 18 Sent a reminder to Papier Inc. to pay the $1,850 originally recorded on November 8 20 Completed a project for the County of Redwater and received $3,800 cash 24-28 Took the week off for the holidays. 31 Received $1,000 as partial payment from Papier Inc. 31 Reimbursed Ellen Worthy's business automobile expenses of 1,240 kilometres at $2.00 per kilometre 31 Elon Worth withdrew $2,500 cash from the business Step by Step Solution
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