Requirement 2. Post the journal entries to the t-accounts that have been set up for you. indentify all items by date. Calculate the ending balance in each account.
Score: 1.33 of 5 pts 3 of 5 (3 complete) HW Score: 40.86%, 8.17 of 20 pt- E2-21A (similar to) Question Help Mason Construction, Inc., completed the following transactions during July 2018, its first month of operations: (Click the icon to view the transactions.) Read the requirements 28 Cash 2.000 Service revenue 2.000 Requirements 2. Post the journal entries to the T-accounts that have been set up for you. Identify all items by date. Calculate the ending balance in each account Start by posting the first four transactions to the T-accounts. (Do not post the last four transactions until after you have checked your answer and continued to the next step.) Click the icon to view the first four journal entries you prepared above.) Cash 70000 Jul Accounts receivable Jul Supplies Jul Jul 2 Jul Furniture Equipment Jul Accounts payable Jul Jul Jul Jul Jul Common stock Service revenue Jul Rent expense Jul Jul Jul Jul Jul Utilities expense Jul Jul Choose from any list or enter any number in the input fields and then click Check Answer. parts 7 remaining Clear All Check Answer Que Mason Construction, Inc., completed the following transactions during July 2018, its first month of operations: (Click the icon to view the transactions.) Read the requirements Jul 2: Sold $70,000 of common stock to Donald Mason to start the construction business Journal Entry Date Accounts Credit Debit 70,000 2 Cash Common stock 70,000 Jul 3: Paid monthly office rent, $1,600. Journal Entry Accounts Date Credit Debit 1,600 Jul 3 Rent expense Cash 1,600 Jul 6: Paid cash for new construction equipment, $1,900 Journal Entry Date Accounts Credit Debit 1,900 Jul 6 Equipment Cash 1.900 Jul 8: Purchased office furniture on account, $1,300. Journal Entry Date Accounts Credit Debit 1,300 Jul 8 Furniture Accounts payable 1,300 Choose from any list or enter any number in the input fields and then click Check Answer. Check 7 parts Clear All remaining Jul 11: Purchased supplies on account, $200 Date Debit Credit Journal Entry Accounts 11 Supplies Accounts payable Jul 200 200 Jul 19: Performed service for a client on account, $2,500. Date Journal Entry Accounts 19 Accounts receivable Credit Debit 2,500 Jul Service revenue 2,500 Jul 20: Paid utility expenses, $550. Journal Entry Date Accounts Debit Credit 550 20 Utilities expense Cash 550 Jul 28: Performed service for a client and received cash for the full amount $2,000. Journal Entry Accounts Date Debit Credit Jul 28 Cash 2,000 Service revenue 2,000 Choose from any list or enter any number in the input fields and then click Check Answer. 7 parts remaining Clear All E2-21A (similar to) son Construction, Inc., completed the following transactions during July 2018, its first month of operations: (Click the icon to view the transactions.) the requirements airement 1. Record transactions in the journal. Explanations are not required. (Record debits first, then credits. Exclude explan any journal entries.) Sold $70,000 of common stock to Donald Mason to start the construction business Credit Date Journal Entry Accounts 2 Cash Common lock Debit 70,000 70.000 More Info X aid monte ate Jul 2 Sold $70,000 of common stock to Donald Mason to start the construction business. 3 Paid monthly office rent, $1,600. 6 Paid cash for new construction equipment, $1,900. 8 Purchased office furniture on account, $1,300. 11 Purchased supplies on account, $200. 19 Performed service for a client on account, $2,500. 20 Paid utility expenses, $550. 28 Performed service for a client and received cash for the full amount of $2,000. cash e Print Done Cash 1,900 ased office furniture on account, $1,300. Journal Entry Accounts Debit Credit 8 Furniture 1,300 Antennia 1 ann any list or enter any number in the input fields and then click Check