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Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. October 1 B .

Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements.
October 1 B. Aloan invested $78,000 cash, a $21,100 computer system, and $14,000 of office equipment in the company in exchange for common stock.
october 2 The company paid $4,500 cash for four months' rent. (The company's policy is to record prepaid expenses in balance sheet accounts.)
october 3 The company purchased $2,400 of computer supplies on credit from Kuhl Office Products.
october 5 The company paid $2,600 cash for one year's premium on a property and liability insurance policy. (The company's policy is to record prepaid expenses in balance sheet accounts.)
october 6 The company billed Kennedy Leasing $5,900 for services performed in installing a new web server.
October 8 The company paid $2,400 cash for the computer supplies purchased from Kuhl office Products on October 3.
october 10 The company hired Paul Aloan as a part-time assistant.
october 12 The company billed Kennedy Leasing another $3,600 for services performed.
october 15 The company received $5,900 cash from Kennedy Leasing as partial payment on its account.
october 17 The company paid $1,400 cash to repair computer equipment that was damaged when moving it.
october 20 The company paid $2,300 cash for advertisements published in the local newspaper.
october 22 The company received $3,600 cash from Kennedy Leasing on its account.
0ctober 28 The company billed RST Company $5,800 for services performed.
october 31 The company paid $1,750 cash for Paul Aloan's wages for seven days' work.
0ctober 31 The company paid a $6,000 cash dividend.
November 1 The company paid $320 cash for mileage expenses.
November 2 The company received $5,200 cash from Potter Corporation for computer services performed.
November 5 The company purchased computer supplies for $2,200 cash from Kuhl office Products.
November 8 The company billed Sanchez Company $2,300 for services performed.
November 13 The company agreed to perform future services for Fox Engineering Company No work has yet been performed.
November 18 The company received $3,500 cash from RST Company as partial payment of the october 28 bill.
November 22 The company paid $300 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expense for $300.
November 24 The company completed work for Fox Engineering Company and sent it a bill for $7,200.
November 25 The company sent another bill to RST Company for the past-due amount of $2,300.
November 28 The company paid $384 cash for mileage expenses.
November 30 The company paid $3,500 cash for Paul Aloan's wages for 14 days' work.
November 30 The company paid a $3,200 cash dividend.
\table[[Requirement,\table[[General],[Journal]],\table[[General],[Ledger]],Trial Balance,\table[[Income],[Statement]],\table[[St Retained],[Earnings]],Balance Sheet,\table[[Impact on],[Equity]]]]
Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease th owner's capital balance.
\table[[Quick Gigs],[For Two Months Ended November 30,,],[Retained earnings, October 1,,],[Add: Net income,,],[Add: Net loss,,],[Add: Owner investments,,],[Add: Dividends,,]]
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