Could you please check whether I did it right or wrong ? 1.Dwyer Delivery Service,a proprietorship, began operations by receiving from the owner $5000 cash and a truck valued at $10000. The business gave Paul Dwyer, the oener, capital in the business. answer Debit Cash 5000 ...

1. Adams made initial investment of the ff: Cash 1,000,000 Books 100,000 Computers 120,000 Tables 80,000 2. Borrowed 200,000 from City Bank giving a note therefor. 3. Income collected and billed: Cash collected from...

5 Issued 2,100, $4.00 preferred shares in exchange for a truck. The shares are valued at $19.50 per share. The truck is expected to have a 250,000 km life, a residual value of $4,000, and is amortized using units of production. 5 Received an office building in exchange for 25,000 common shares....

Sold inventory on credit terms 2/15, n/45, $3,900 (cost, $1,800).

Art services performed for which payment has been received in advance total $1,400. How would this be journalized?