Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sep. 1 Received $48,000 cash and issued common stock to Simpson. 4 Purchased office supplies, $1,200 , and furniture, $1,300 , on account. 6 Performed

Sep. 1 Received

$48,000

cash and issued common stock to Simpson.\ 4 Purchased office supplies,

$1,200

, and furniture,

$1,300

, on account.\ 6 Performed services for a law firm and received

$1,900

cash.\ 7 Paid

$18,000

cash to acquire land to be used in operations.\ 10 Performed services for a hotel and received its promise to pay the

$1,200

within one week.\ 14 Paid for the furniture purchased on September 4 on account.\ 15 Paid assistant's semimonthly salary,

$1,500

.\ 17 Received cash on account,

$1,000

.\ 20 Prepared a design for a schmol on account,

$650

.\ 25 Received

$2,100

cash for design services to be performed in October.\ 28 Received

$2,900

cash for consulting with Plummer & Gordon.\ 29 Paid

$600

cash for a 12-month insurance policy starting on October 1.\ 30 Paid assistant's semimonthly salary,

$1,500

.\ 30 Paid monthly rent expense,

$600

.\ 30 Received a bill for utilities,

$350

. The bill will be paid next month.

image text in transcribed
Sep. 1 Received $48,000 cash and issued common stock to Simpson. 4 Purchased office supplies, $1,200, and furniture, $1,300, on account. 6 Performed services for a law firm and received $1,900 cash. 7 Paid $18,000 cash to acquire land to be used in operations. 10 Performed services for a hotel and received its promise to pay the $1,200 within one week. 14 Paid for the furniture purchased on September 4 on account. 15 Paid assistant's semimonthly salary, $1,500. 17 Received cash on account, $1,000. 20 Prepared a design for a schol on account, $650. 25 Received $2,100 cash for design services to be performed in October. 28 Received $2,900 cash for consulting with Plummer \& Gordon. 29 Paid $600 cash for a 12-month insurance policy starting on October 1. 30 Paid assistant's semimonthly salary, $1,500. 30 Paid monthly rent expense, $600. 30 Received a bill for utilities, $350. The bill will be paid next month. Sep. 1 Received $48,000 cash and issued common stock to Simpson. 4 Purchased office supplies, $1,200, and furniture, $1,300, on account. 6 Performed services for a law firm and received $1,900 cash. 7 Paid $18,000 cash to acquire land to be used in operations. 10 Performed services for a hotel and received its promise to pay the $1,200 within one week. 14 Paid for the furniture purchased on September 4 on account. 15 Paid assistant's semimonthly salary, $1,500. 17 Received cash on account, $1,000. 20 Prepared a design for a schol on account, $650. 25 Received $2,100 cash for design services to be performed in October. 28 Received $2,900 cash for consulting with Plummer \& Gordon. 29 Paid $600 cash for a 12-month insurance policy starting on October 1. 30 Paid assistant's semimonthly salary, $1,500. 30 Paid monthly rent expense, $600. 30 Received a bill for utilities, $350. The bill will be paid next month

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

QS 9000 Handbook A Guide To Registration And Audit

Authors: Jayanta Bandyopadhyay

1st Edition

157444011X, 978-1574440119

More Books

Students also viewed these Accounting questions