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Swifty Corporation provides security services. Selected transactions for Swifty Corporation are presented below. Oct. 1 2 Issued common stock in exchange for $77.900 cash from
Swifty Corporation provides security services. Selected transactions for Swifty Corporation are presented below. Oct. 1 2 Issued common stock in exchange for $77.900 cash from investors. Hired part-time security consultant. Salary will be $2.400 per month. First day of work will be October 15. Paid 1 month of rent for building for $2.400, 4 7 Purchased equipment for $21.200, paving S4 700 cash and the balance on account 8 Paid $2.500 for advertising 10 Received billtor equipment repair cost of $500 12 Provided security services for event for $3,800 on account 16 Purchased supplies for 5480 on account 21 Paid balance due from October 7 purchase of equipment 20 27 Received and paid utility bill for $175, Received sent from customer for October 12 services performed Paidemplones and wores ot 56.000 0.92/4 Journalize the transactions. (If no entry is required, select "No entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) ite Account Titles and Explanation 1 Cash Debit Credit Common Stock 77900 No Entry 77000 Rent Expone Coulement 00 Hurricane warning 7 v Equipment 0.92/4 Cash 22000 Accounts Payable Advertising Expense 4900 Cash 7100 600 10 Repair Services Accounts Payable Accounts Receivable Service Revem 1 Supplies Accounts Parade Accounts Payable 0.92/4 M 21 Accounts Payable 500 17100 Cash 24 Utilities Experts 1100 18 Cash 20 Canti Accounts Recolvable 31 Sand Wa Textbook and Media
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