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Sandy04116
Jan 21, 2007, 05:18 PM
How would you journalize these transactions?

April 1) stockholderas invested $25,000 cash in exchange for common stock
April 1) hired a secrentary at a salary of $300. Per week payable monthly
April 2) paid rent for the month $800.00
April 3) purchased supplies on an account $1,500
April 10) billed client $900.00
April 11) received $500.00cash advanced
April 20) received $1,500 cash for receives completed
April 30) paid secrentary $1,500 for the month
April 30) paid $600.00 for accounts payable on supplies

CaptainForest
Jan 22, 2007, 10:46 PM
April 1) stockholderas invested $25,000 cash in exchange for common stock

Dr. Cash 25,000
Cr. Equity 25,000

April 1) hired a secrentary at a salary of $300. Per week payable monthly

No JE needed.

April 2) paid rent for the month $800.00

Dr. Prepaid Rent 800
Cr. Cash 800

April 3) purchased supplies on an account $1,500

Dr. Supplies 1,500
Cr. AP 1,500

April 10) billed client $900.00

Dr. AR 900
Cr. Revenue 900

Get the idea?

What do you think the answers to the last 4 are?