Question
Quickbook question: Stockholders contributed $18,000 cash in exchange for common stock.(Journal entry) 2 Paid monthly office rent, $550. (Vendor) 3 Paid cash for a computer,
Quickbook question:
Stockholders contributed $18,000 cash in exchange for common stock.(Journal entry)
2 Paid monthly office rent, $550. (Vendor)
3 Paid cash for a computer, $1,800. This equipment is expected to remain in service for five years. (vendor)
4 Purchased office furniture on account, $4,200. The furniture should last for five years. ( Journal entry)
5 Purchased office supplies on account, $900. (Vendor)
9 Performed consulting service for a client on account, $1,500. (customer)
12 Paid utilities expenses, $250. (Vendor)
18 Performed service for a client and received cash of $1,100. (Customer)
21 Received $1,400 in advance for client service to be performed in the future. (customer)
21 Hired an administrative assistant to be paid $2,055 on the 20th day of each month. The
secretary begins work immediately. (journal entry)
26 Paid $400 on account. (vendor)
28 Collected $300 on account. ( customer)
30 Cash dividends of $1,400 were paid to stockholders. (Journal entry)
question is I need to either set up a vendor or customer in QuickBooks if it applies. If it is not a vendor or a customer, it will require a journal entry. then
I just writing next to each if it is a vendor, customer, or a journal entry, but I am not sure every thing is correct. please help me check each one.
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