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Question a Carla Vista Computer Corporation had the following opening account balances at the end of April: Cash $5,000; Accounts Recelvable $5,600; Accounts Payable $2,200;
Question a Carla Vista Computer Corporation had the following opening account balances at the end of April: Cash $5,000; Accounts Recelvable $5,600; Accounts Payable $2,200; Common Shares $4,500 the month of May Rtaned Earnings $3,900. It entered Into the following transactlons during Purchased equipment on account for $7,300 2. Paid $1,400 far rent for the month of May 3. Provided computer services for $3,900 on account. . Paid Ontario Hydro $200 cash for utilities used in May. 5. Borrowed $21,000 from the bank. . Paid supplier for equipment purchased in transactian 1. 7. Purchased a one-year accident insurance policy for s600 cash 8. Received $3,200 cash in partial payment of the account owed in transaction 3 9. Declared and paid $500 of dividends to shareholders. 10, Pald income tax of $260 for the month. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Da not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. i. 6. 7 8. 9 10
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