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Zeb Slipewicz opened a renovation business called Creature Construction on April 3, 2020. During the first month of operations, the business completed the following transactions:
Zeb Slipewicz opened a renovation business called Creature Construction on April 3, 2020. During the first month of operations, the business completed the following transactions: (Click on the icon to view the transactions.) Required Record each transaction in the journal with an explanation. Identify each transaction by date. Use the following accounts: Cash; Accounts Receivable; Supplies; Furniture; Land; Accounts Payable; Z.Slipewicz, Capital; Z. Slipewicz, Withdrawals; Service Revenue; Rent Expense; Salaries Expense. Requirement 1. Record each transaction in the journal with an explanation, using the account titles provided. Identify each transaction by date. Start with the April 3rd transaction. Zeb deposited a cheque for $52,000 into the business bank account to start the business. Record the investment. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry i Transactions X Date Accounts Debit Credit Apr. Apr. 3 Slipewicz deposited a cheque for $52,000 into the business bank account to start the business. 4 Purchased supplies, $480, and furniture, $2,400, on account. 5 Paid April rent expense, $1,150 cash. 6 Performed design services for a client and received $2,000 cash. 7 Paid $28,000 cash to acquire land for a future office site. 10 Designed a bathroom for a client, billed the client, and received her promise to pay the $3,800 within one week. 14 Paid for the furniture purchased April 4 on account. 15 Paid assistant's salary, $490 cash. 17 Received cash on account $2,700. 22 Received $4,100 cash from a client for renovation of a cottage. 25 Prepared a recreation room design for a client on account, $2,400. 30 Paid assistant's salary, $490 cash. 30 Slipewicz withdrew $3,400 cash for personal use. Choose from any list or enter any number in the input fields and then click Check
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