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-   -   Journalize transactions (https://www.askmehelpdesk.com/showthread.php?t=56386)

  • Jan 21, 2007, 05:18 PM
    Sandy04116
    Journalize transactions
    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
  • Jan 22, 2007, 10:46 PM
    CaptainForest
    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?

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