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Use the following accounts for journal entries. Common stock Advertising expense Accounts Payable Cash Wage expense Equipment Rent expense Accounts Receivable 5. Calculate the unknown

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Use the following accounts for journal entries. Common stock Advertising expense Accounts Payable Cash Wage expense Equipment Rent expense Accounts Receivable 5. Calculate the unknown amounts appearing in each column C A Beginning $50,000 30,000 $45,000 $65,000 Assets Liabilities 10,000 45,000 Ending Assets $54,000 $42,000 $48,000 Liabilities 20,000 ? 15,000 During Year Sales revenue ? $42,000 $42,000 25,000 Expenses Dividends 13,000 1,500 35,000 1,000 6. Prepare journal entries for the following events during the month of November ) Stockholders invested $50,000 cash in the business in exchange for common stock 2) Purchased two desktop computers, software, and a printer for $5,000 cash 3) Paid $2,000 cash for rent on an office for the month of November 4) Purchased an advertisement in a local newspaper for $500 cash, announcing the opening of new business 5) Paid S3,000 cash for wages of an employee Received $2,000 cash from customers for the sales previously completed. 7) Paid S500 cash toward the company's accounts payable balance. Use the following accounts for journal entries Cash Common stock Wage expense Advertising expense Accounts Payable Equipment Rent expense Accounts Receivable

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