+ Automatic Zoom : Your Name: Principles of Accounting 1 Date Score Points Tutor Submitted Initials Chapter 2 (part 2 of 4) Written Cycle Project Instructor: Version 33 Instructions: Record these transactions in the general journal for Central Advertising Inc. Then post your journal entries in the t-accounts provided and prepare a trial balance. You may want to refer to Part 1 of this project where you have already analyzed these transactions. Deo Credit 841 You invested $13,000 in exchange for common stock to start Central Advertising Inc. 84 Purchased 6 months of insurance for $1500 cash. 87 Purchased $8,000 of office equipment by paying $3,000 in cash and signing a one year note payable for the rest 8/10 Purchased $2,000 of advertising supplies for cash. 8/13 Performed advertising services and charged the customer $6,000 on account (to be paid later) 8/17 Received a utility bill for $850 and decided to pay later 8/20 A customer paid $4000 for advertising services to be performed in the future. 823 Paid half of the accounts payable from 817 825 A customer paid $8,000 in cash for advertising Services performed today. 828 Received hall the balance from the 8/25 customer in cash 8/31 Paid $2,000 in dividends - + Automatic Zoom : Cash Accounts Receivable Prepaid Insurance Advertising Supplies Equipment Accounts Payable Uneamed Revenue Notes Payable Common Stock Retained Earnings Dividends Advertising Revenue Utility Expense + Automatic Zoom : Your Name: Principles of Accounting 1 Date Score Points Tutor Submitted Initials Chapter 2 (part 2 of 4) Written Cycle Project Instructor: Version 33 Instructions: Record these transactions in the general journal for Central Advertising Inc. Then post your journal entries in the t-accounts provided and prepare a trial balance. You may want to refer to Part 1 of this project where you have already analyzed these transactions. Deo Credit 841 You invested $13,000 in exchange for common stock to start Central Advertising Inc. 84 Purchased 6 months of insurance for $1500 cash. 87 Purchased $8,000 of office equipment by paying $3,000 in cash and signing a one year note payable for the rest 8/10 Purchased $2,000 of advertising supplies for cash. 8/13 Performed advertising services and charged the customer $6,000 on account (to be paid later) 8/17 Received a utility bill for $850 and decided to pay later 8/20 A customer paid $4000 for advertising services to be performed in the future. 823 Paid half of the accounts payable from 817 825 A customer paid $8,000 in cash for advertising Services performed today. 828 Received hall the balance from the 8/25 customer in cash 8/31 Paid $2,000 in dividends - + Automatic Zoom : Cash Accounts Receivable Prepaid Insurance Advertising Supplies Equipment Accounts Payable Uneamed Revenue Notes Payable Common Stock Retained Earnings Dividends Advertising Revenue Utility Expense