Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

these are the journal entry choices for each please help due soon The following transactions occurred at the Daisy King lce Cream Company. 1. Started

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
these are the journal entry choices for each
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
please help due soon
The following transactions occurred at the Daisy King lce Cream Company. 1. Started business by issuing 10,000 shares of common stock for $36,000 2. Leased a building for three years at $660 per month and paid six months' rent in advance. 3. Purchased equipment for $7,000, signing a twoyear, 10% note. 4. Purchased $3,400 of supplies on account. 5 Recorded cash sales of $2,400 for the first week 6. Paid weekly salaries, \$1,120. 7. Paid for supplies purchased in item (4). 8. Recorded depreciation on equipment, $110 Required: Prepare journal entries to record each of the transactions listed above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 8 Started business by issuing 10,000 shares of common stock for $36,000. Note: Enter debits before credits. Journal entry worksheet 7 8 Leased a building for three years at $660 per month and paid six months' rent in advance. Note: Enter debits before credits. Journal entry worksheet 7 8 Purchased equipment for $7,000, signing a two-year, 10% note. Note: Enter debits before credits. Journal entry worksheet 1 Purchased $3,400 of supplies on account. Note: Enter debits before credits. Journal entry worksheet 1 Recorded cash sales of $2,400 for the first week. Note: Enter debits before credits. Journal entry worksheet

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

The Power Of Accounting What The Numbers Mean And How To Use Them

Authors: Lawrence Lewis

1st Edition

0415884306, 978-0415884303

More Books

Students also viewed these Accounting questions