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Required information Problem 3-32A Comprehensive problem: single cycle LO 3-1, 3-2, 3-3, 3-4 [The following information applies to the questions displayed below.] The following transactions

Required information

Problem 3-32A Comprehensive problem: single cycle LO 3-1, 3-2, 3-3, 3-4

[The following information applies to the questions displayed below.]

The following transactions pertain to Smith Training Company for Year 1:

Jan. 30 Established the business when it acquired $48,000 cash from the issue of common stock.
Feb. 1 Paid rent for office space for two years, $17,400 cash.
Apr. 10 Purchased $870 of supplies on account.
July 1 Received $20,000 cash in advance for services to be provided over the next year.
20 Paid $653 of the accounts payable from April 10.
Aug. 15 Billed a customer $9,500 for services provided during August.
Sept. 15 Completed a job and received $3,400 cash for services rendered.
Oct. 1 Paid employee salaries of $35,500 cash.
15 Received $9,000 cash from accounts receivable.
Nov. 16 Billed customers $30,000 for services rendered on account.
Dec. 1 Paid a dividend of $800 cash to the stockholders.
31 Adjusted records to recognize the services provided on the contract of July 1.
31 Recorded $2,350 of accrued salaries as of December 31.
31 Recorded the rent expense for the year. (See February 1.)
31 Physically counted supplies; $80 was on hand at the end of the period.

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Required a. Record the preceding transactions in the general journal, in the given order. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list X: 15 > 1 Established the business when it acquired $48,000 cash from the issue of common stock. e of 2 Paid rent for office space for two years, $17,400 cash. 3 Purchased $870 of supplies on account. 4 Received $20,000 cash in advance for services to be provided over the next year. Credit 5 Paid $653 of the accounts payable from April 10. 6 Billed a customer $9,500 for services provided during August. Note : = journal entry has been entered Record entry Clear entry View general journal Required a. Record the preceding transactions in the general journal, in the given order. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list 15 > 7 Completed a job and received $3,400 cash for services rendered. of 8 Paid employee salaries of $35,500 cash. 9 Received $9,000 cash from accounts receivable. 10 Billed customers $30,000 for services rendered on account. Credit 11 Paid a dividend of $800 cash to the stockholders. 12 Adjusted records to recognize the services provided on the contract of July 1. Note : = journal entry has been entered Record entry Clear entry View general journal Required a. Record the preceding transactions in the general journal, in the given order. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list 15 > 10 Billed customers $30,000 for services rendered on account. e of 11 Paid a dividend of $800 cash to the stockholders. 12 Adjusted records to recognize the services provided on the contract of July 1. 13 Recorded $2,350 of accrued salaries as of December 31. Credit 14 Recorded the rent expense for the year. (See February 1.) 15 Physically counted supplies; $80 was on hand at the end of the period. Note : = journal entry has been entered Record entry Clear entry View general journal Cash Accounts Receivable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Prepaid Rent Supplies Beg. Bal. Beg. Bal. End. Bal. End. Bal. Accounts Payable Unearned Revenue Beg. Bal. Beg. Bal. End. Bal. Salaries Payable Common Stock Beg. Bal. Beg. Bal. End. Bal. End. Bal. Dividends Service Revenue Beg. Bal. Beg. Bal. End. Bal. End. Bal. Rent Expense Salaries Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Supplies Expense Beg. Bal

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