Question
Record the following journal entries below. The first two are done for you as examples. Date Event 1/2/10 Amanda Smith invested $20,000 cash in capital
Record the following journal entries below. The first two are done for you as examples. | |||
Date | Event | ||
1/2/10 | Amanda Smith invested $20,000 cash in capital stock of newly formed corporation | ||
1/4/10 | Purchased equipment on account for $15,000. Note that when you see on account it means the customer will pay later. | ||
1/12/10 | Received $30,000 from customers for services rendered. | ||
1/15/10 | Received a bill for construction supplies used in the amount of $4,000. | ||
1/18/10 | Provided $6,400 of services on account. | ||
1/20/10 | Paid employees $4,600 for wages earned. | ||
1/22/10 | Collected the amount due for work provided on January 18. | ||
1/23/10 | Paid the amount due on equipment purchased on January 4. | ||
1/25/10 | Purchased (and used immediately) construction supplies for cash in the amount of $1,200. | ||
1/31/10 The company paid Amanda Smith a $3,000 dividend Date: Account: Debit: Credit: 1/2/10 Cash 20,000 Captial Stock 20,000 Issued stock to Amanda Smith for cash 1/4/10 Equipment 15,000 Acconts Payable 15,000 Purchased equipment on account
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