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Trevor Moore opened a law office on January 1, 2017. During the first month of operations, the business completed the following transactions (Click the icon
Trevor Moore opened a law office on January 1, 2017. During the first month of operations, the business completed the following transactions (Click the icon to view the transactions.) Read the requirements Requirement 1. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable: Office Supplies: Prepaid Insurance, Furniture, Building, Land: Accounts Payable; Utilities Payable; Notes Payable: Moore, Capital; Moore. Withdrawals; Service Revenue, Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Jan. 1: Moore contributed $78,000 cash to the business, Trevor Moore, Attorney. The business gave capital to Moore Date Accounts Post. Ref. Debit Credit Jan. 1 More Info - X Jan. 3: Purchased office supplies, $1,500, and furniture, $2,100, on account Jan. 1 Date Accounts and Explanation Post. Ref. Debit Credit 3 lan 3 4 7 11 15 16 18 19 25 29 30 30 31 31 Moore contributed $78,000 cash to the business, Trevor Moore, Attorney. The business gave capital to Moore. Purchased office supplies, $1,500, and furniture, $2,100, on account Performed legal services for a client and received $900 cash. Purchased a building with a market value of $80,000, and land with a market value of $27,000. The business paid $20,000 cash and signed a note payable to the bank for the remaining amount Prepared legal documents for a client on account, $1,200. Paid assistant's semimonthly salary, $1,110. Paid for the office supplies purchased on January 3 on account. Received $2,300 cash for helping a client sell real estate. Defended a client in court and billed the client for $800. Received a bill for utilities, $650. The bill will be paid next month. Received cash on account, $1,000. Paid $1,800 cash for a 12-month insurance policy starting on February 1 Paid assistant's semimonthly salary, $1,110. Paid monthly rent expense, S1,100. Moore withdrew cash of $2,000. Print Done
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