Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required: Propare journal entries for each trensioction Note: if no entry is required for a transaction/event, select No journal entry required In the first account

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Required: Propare journal entries for each trensioction Note: if no entry is required for a transaction/event, select "No journal entry required" In the first account field. Journal entry worksheet Required: Propate journal entries for each transaction Note: If no entry is required for a transaction/event, select "No joumol entry required" in the first accoum fietid. Required: Prepare journal entries for each transaction Note: if no entry is required for a transaction/event, select "No joumal entry required" in the first account fielid. Journal entry worksheet Borrowed $62,000 from the bank to provide additional funding to begin operations; the note is due in two years. Note: Enter debits before credits. 1. The cost of the caps sold in (/4) was $1,500. Made fult payment for the furniture and fixtures purchased on account in (e) k. Received $260 from a customer on account. Required: Required: Prepare joumal entries for each transaction. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first occount field. Journal entry worksheet Note: Enter debits before credits. 1. The cost of the caps sold in (/h) was $1,500 Made fulf payment for the furniture and foctures purchased on account in (c) K. Received $260 from a customer on account. Required: Prepare journal entries for each transaction. Note: If no entry is required for a tronsactionievent, select "No journal entry required" in the first account field Journal entry worksheet Note: Enter debits before credits. 9. Placied advertisements on Google for anerity baseball ceps as invoritory to sell onime 1 The cost of the caps sold in (/6) was $1500 choiged on account Jade full parmont for the furn was $1,500 Required: Prepare journal entries for each transaction. Note: If no entry is required for a transaction/event, select "No journal entry required" In the first sccourt fiela. Journal entry worksheet Note: Enter debits before credits. Required: Prepare journal entries for each transaction. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first occoumt fieid. Journal entry worksheet Note: Enter debits before credits. P3-2 (Algo) Recording Journal Entries LO3-4 Byan Terleck organized a new Internet compony. CapUniverse, incorporated. The company specializes in besebolltype caps with been hired to record the transactions occurting in the first month of operofornt a. 15 sued 2.400 shares of $0 or par value comason stock to investors for cash at $24 per share: a. 15 sued 2.400 shares of $0.01 par value comison stock to investors for cash at $24 per share: b. Borrowed $62.000 from the bank to provide addinonal funding to begin operations the note is due in two years. b. Borrowed $62.000 from the bank to provide abdinional funding to begin operations the note is due in two years. c. Paid $2700 cash for reot of a warchouse $1,350 for the current month's rent and another $1,350 for next month's rent. e. Purchased furniture and foctures for the warehouse for $20,000, paying $3300 cash and the rest on account. Tha anount is due within 30 days. f. Purchased for $3,200 cash Indiana University. University of Washington. Notre Dame. The University of Texas at Austin, The Ohib State University, and Michigan State University baseball caps as imventory to sell online 9. Placted advertisemorits on Google for a total of $330 cash, the ads were run immediately i Sold caps totaling $2,300, haif of which was charged on account i. The cost of the caps sold in (h) was $1,500 i Made fulf payment for the furnifure and fixtures purchased on account in ift k Received $260 from a customer on account. Required: Prepare journal entries for each transaction. Prepare journal entries for edch transiction. Journal entry worksheet 2 3fm4 6 7 8 11 Issued 2,400 shares of $0.01 par value common stock to investors for cash at $24 per share. k. Received $260 from a customer ond fixtures purchased on account in (e) Required: Prepare journal entries for each tranisaction. Note: if no entry is required for a transaction/event, select "No journal entry required" in the first sccount field. Journal entry worksheet \( \left\langle\begin{tabular}{ccccc|} 1 ight. \) & & 4 & 5 & 6 \end{tabular}] Record the entry for the cost of the sale of caps, which was sold for $2,300, half of which was charged on account. The cost of the caps sold was $1,500. Note: Enter debits before credits. 1. Made full payment for the furniture and fixtures purchased on account in (e) K. Recelved $260 from-a customer on account Required: Prepare journat entries for each transaction. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fiela. Journal entry worksheet Note: Enter debits before credits. Prepare joumal entries for each transaction. Note: If no entry is required for a transaction/event, select "No journal entry required" in the firat account finla. Journal entry worksheet Paid $2,700 cash for rent of a warehouse: $1,350 for the current month's rent and another $1,350 for next month's rent. Note: Enter debits before credits

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

9th Edition

1118334329, 978-1118334324

More Books

Students also viewed these Accounting questions

Question

3-31. Was the senders purpose realistic?

Answered: 1 week ago

Question

patients as improved. Meanwhile, the spouses rated

Answered: 1 week ago

Question

3-30. Did the sender choose an appropriate medium for the message?

Answered: 1 week ago