Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the following transactions occurred for Watson technology solutions Homework: Chapter 2 Homework Score:0 of 1 pt 2 of 5 (1 complete) E2-18 (similar to) The

the following transactions occurred for Watson technology solutions
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Homework: Chapter 2 Homework Score:0 of 1 pt 2 of 5 (1 complete) E2-18 (similar to) The following transactions occurred for Watson Technology Solutions: (Click the icon to view the transactions.) Read the requirement (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) May 1. The business received cash of $120.000 and issued common stock to Adam Watson Accounts and Explanation Date Debit Credit Cash 120000 May 1 Choose from any list or enter any number in the input felds and then cick Check Answer parts remaining Clear Al W 6 5 7 2 of 5 (1 complete) X More Info May 1 The business received cash of $120,000 and issued common stock to Adam Watson. 2 Purchased office supplies on account, S760 4 Paid $51,000 cash for building and land. The building had s fair market value of $40,000. customers and received cash, $3,200 6 Performed services 9 Paid 3580 on accounts payable 17 Performed services for customers on account $3.800. 19 Paid rent expense for the month. $700 20 Received $1,800 from customers for services to be performed next month 21 Paid $900 for advertising in next month's /T Technology magazine Phint Done W hp Complete) - X More Info 2 Purchased office supplies on sccount, $760. 4 Paid $51,000 cash for building and land. The building had sfair market value of $40,000 6 Performed services for customers and received cash, $3.200. 9 Paid $580 on sccounts paysble. 17 Performed services for customers on account. S3,600. 18 Paid rent expense for the month, $700. 20 Received $1,800 from customers for services to be performed next month 21 Paid S900 for advertising in next month's IT Technology magazine 23 Received $2.800 cash on account from s customer 31 Incurred and paid salaries, $1.300. Done Rict W

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions