Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

There is a Word document further down this page, just above the Chapter 1 Test that will make this problem easier to do. Submit this

image text in transcribed
There is a Word document further down this page, just above the Chapter 1 Test that will make this problem easier to do. Submit this work either as a completed Word document or, if you prefer, you can print out the Word document, fill it in with a dark pen or pencil, take a picture of the work with your cellphone, and submit the picture file below. If you do this using an iPhone, make sure the picture is not in a HEIC format. (To change the settings: Scroll down to "Camera," tap "Formats" and pick "most compatible" for JPEG) Bonjour Company began operations in September, 2021. The company decided to make use of the following accounts: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable, Capital Stock, and Retained Earnings. The following transactions took place during September, 2021 1. Sold Capital Stock for $19,600 cash. 2. Purchased supplies on account at a cost of $425 3. Bought Equipment necessary for the business for $9,000 by paying 20% down and placing the remainder on account. 4. Provided services to customers on account, billing them for $2,990. 5. Paid wages of $2,100 6. Paid $425 on account 7. Received a utility bill for September electricity usage of $285, due by no later than October 10th. 8. Services provided to cash customers for $3,140 9. Collected $990 on account. 10. Took an inventory of supplies and found the $310 worth had been used and $115 worth remains in the supply closet. 11. Paid cash dividends of $850 Using the Word template document described above, fill in the columns, total them up, and check for balance

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

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

18th Edition

9781119790976

Students also viewed these Accounting questions