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tant on September 1, 2018. During the first month of operations, the business compl (Click the icon to view the transactions.) Read the requirements Requirement
tant on September 1, 2018. During the first month of operations, the business compl (Click the icon to view the transactions.) Read the requirements Requirement 1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable: Office Supplies; Revenue: Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required. (Record debits first, then credits. Exclu Sep. 1: Received $45,000 cash and issued common stock to Smith, Date Accounts Debit Credit Sep. 1 Help Me Solve This DemoDocs Example Get More Help - Previous Se Ps business completed the following transactions: Office SI Tn gia Requirements Fommon Stock: D 1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Land: Furniture; Accounts Payable; Utilities Payable; Unearned Revenue: Common Stock: Dividends; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required. 2. T-accounts have been opened for each of the accounts. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. 3. Prepare the trial balance of Carol Smith, Designer, as of September 30, 2018 Print Done Clear All CH X More Info Sep. 1 Received $45,000 cash and issued common stock to Smith. Sep. 4 Purchased office supplies, $500, and furniture, $1,400, on account. Sep. 6 Performed services for a law firm and received $1,000 cash. Sep. 7 Paid $20,000 cash to acquire land to be used in operations. Sep. 10 Performed services for a hotel and received its promise to pay the $1,900 within one week. Sep. 14 Paid for the furniture purchased on September 4 on account. Sep. 15 Paid assistant's semimonthly salary, 51,520. Sep. 17 Received cash on account. $1.600. Sep. 20 Prepared a design for a school on account, $900. Sep. 25 Received $1,700 cash for design services to be performed in October. Sep. 28 Received $2,000 cash for consulting with Plummer & Gordon Paid $1320 cash for a 12.month insurance policy starting on October 1 Con 20 Print Done Question 5. P2-30A (simil.... HW Score: 5%. 0.5 of 10 points More Info X Sep. 10 Performed services for a hotel and received its promise to pay the $1,900 within one week. Sep. 14 Paid for the furniture purchased on September 4 on account. Sep. 15 Paid assistant's semimonthly salary, $1,520. Sep. 17 Received cash on account, $1,600. Sep. 20 Prepared a design for a school on account, $900. Sep. 25 Received $1,700 cash for design services to be performed in October. Sep. 28 Received $2,000 cash for consulting with Plummer & Gordon Sep. 29 Paid $1,320 cash for a 12-month insuranre policy starting on October 1. Sep. 30 Paid assistant's semimonthly salary, $1,520. Sep. 30 Paid monthly rent expense, $850. Sep. 30 Received a bill for utilities, $250. The bill will be paid next month. Sep. 30 Paid cash dividends of $3,500. Print Done
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