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The following transactions occurred for Leroy Engineering (Click the icon to view the transactions.) Journalize the transactions of Leroy Engineering Include an explanation with each
The following transactions occurred for Leroy Engineering (Click the icon to view the transactions.) Journalize the transactions of Leroy Engineering Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable, Office Supplies, Equipment, Accounts Payable; Notes Payable. Common Stock Dividends, Service Revenue, and Utilities Expense (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) July 2: Received $18,000 contribution from Bob Leroy in exchange for common stock Date Accounts and Explanation Debit Jul 2 Credit More Info Jul. 2 Received $18,000 contribution from Bob Leroy in exchange for common stock Jul. 4 Paid utilities expense of $360 Jul. 5 Purchased equipment on account, $2,300. Jul. 10 Performed services for a client on account, $3,500 Jul 12 Borrowed $6,500 cash, signing a notes payable. Jul. 19 Cash dividends of $300 were paid to stockholders. Jul. 21 Purchased office supplies for $840 and paid cash Jul. 27 Paid the liability from July 5 Print Done Done Amazing Arrangements has just completed operations for the year ended December 31, 2024. This is the third year of operations for the company. The following data have been assembled for the business (Click the icon to view the assembled data of Amazing Arrangements.) Prepare the income statement of Amazing Arrangements for the year ended December 31, 2024. (If a box is not used in the table leave the box empty, do not select a label or enter a zero.) Net Income Data Table - 41,000 15.200 1,900 Insurance Expense Service Revenue Utilities Expense Rent Expense Common Stock Cash Retained Earnings, January 1, 2024 5,000 Salaries Expense 72,000 Accounts Payable 800 Office Supplies 6,000 Dividends 8,500 Accounts Receivable 3,800 Equipment 5,300 4,600 3,500 34.400 Print Done
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