[babevern]

Help jounral



Mar.1 -Tracy invested 50,000 in cash,25,000 in law library, and 20,000 in furiture.
Paid business license fee 250
Purchase a 10,000 computer(invoive 10) paying 5,000 down and financing the balance.
Paid Mar. rent of 800 (rent expense) and a sercurity deposit of 1,200(Prepaid Rent
Paid insurance for the year of 3,600 one year in advance
Mar. 4 - Paid for yellow-page ad 450
Paid for office supplies340
Received a 12,000 consulting fee

[CaptainForest]

Mar.1 -Tracy invested 50,000 in cash,25,000 in law library, and 20,000 in furiture.

Dr. Cash 50,000
Dr. Law Library 25,000
Dr. Fruniture 20,000
Cr. Owner's Equity 95,000


Paid business license fee 250

Dr. Business License Fee 250
Cr. Cash 250


Purchase a 10,000 computer(invoive 10) paying 5,000 down and financing the balance.

Dr. Computer 10,000
Cr. Cash 5,000
Cr. Notes Payable 5,000


Paid Mar. rent of 800 (rent expense) and a sercurity deposit of 1,200(Prepaid Rent

Dr. Rent Expense 800
Dr. Prepaid Rent 1,200
Cr. Cash 2,000


Paid insurance for the year of 3,600 one year in advance

Dr. Prepaid Insurance 3,600
Cr. Cash 3,600


Mar. 4 - Paid for yellow-page ad 450

Dr. Advertising Expense 450
Cr. Cash 450


Paid for office supplies340

Dr. Office Supplies 340
Cr. Cash 340


Received a 12,000 consulting fee

Dr. Cash 12,000
Cr. Sales 12,000

[babevern]

Thank you CaptainForest,
There is more to this problem.
Mar-7 Paid 250 to Rich Martin to get carpet cleaned,check 007.
Made a will for John Nance (customer). Charged the customer 400 on
Account .(invoice 200)
Represented new clint David Henry in court, charging a 5000 consulti
Ng fee and 125 per hour for the 2 hours of court time, on account.
Mar-10 Paid 1200 for office supplies check 008
Paid subscription check#009(vendor007) set up the vendor and create the accountProfessional Publication Exp.
Paid invoice 39987, 2500 check 010 (this in voice was on March 1 purchase a computer 10,000 and paid 5,000 down and finance the different.
Received 2,500 from David Henry on account.(reference 2636)
Mar-15 Paid the parprofessional fee of 1,450 (Vendor008) check 011.
Consulting with Michelle Anzures charging 250,invoice 202
There is more dont" know how to use wordpad yet.

[babevern]

Thank you CaptainForest,
There is more to this problem.
Mar-7 Paid 250 to Rich Martin to get carpet cleaned,check 007.
Made a will for John Nance (customer). Charged the customer 400 on
account .(invoice 200)
Represented new clint David Henry in court, charging a 5000 consulti
ng fee and 125 per hour for the 2 hours of court time, on account.
Mar-10 Paid 1200 for office supplies check 008
Paid subscription check#009(vendor007) set up the vendor and create the accountProfessional Publication Exp.
Paid invoice 39987, 2500 check 010 (this in voice was on March 1 purchase a computer 10,000 and paid 5,000 down and finance the different.
Received 2,500 from David Henry on account.(reference 2636)
Mar-15 Paid the parprofessional fee of 1,450 (Vendor008) check 011.
Consulting with Michelle Anzures charging 250,invoice 202
There is more dont" know how to use wordpad yet.

Have the month of March and April

[babevern]

Mar-15 Tracy Madding took a draw.
Mar-18 Leased a postage machine, paying 250 for thr initial fee(Vendor 009).
Billed 450 for prepapartion of doucment for Henry James (customer 103)
Mar-25 Henry James paid 225 on account.
Leased a copy machine for 225 per moonth and account 4553, paying 3 months in advance (check 014 ). Establish a new Prepaid Copier account Vendor 010)
Received balance for David Henry on account ( back on march 7)
Paid the valley register for newad, 600. (vendor 011)
Performed 1,050 worth of consulting services for Jim Nelson(

Customer 104)receiving half the balance immediately, and placing the balance on account.

[babevern]

Lance corporation has 200,000 shares of $10 par value common stock issued and outstanding.Record the following entries into GJ for Lance.
20xx Aug.3,Declared a cash dividend of $.30 a sh.
Sept.4,Paid $.30 cash dividend to stockholders.
6 Declared a 5% stock dividend.Current market price $14 per sh.
29 Issued stock dividend declared on Sept. 6. Nov.1 Declared a 10% stock dividend.Current market price $17 sh.
Nov.29,Issued stock dividend declared on Nov.1

[CaptainForest]

How would you journalize these?

Post back and I will look them over for you.

[babevern]

Retained Earning Dr-60,000
Dividend Payable Cr-60,000

Dividend Payable Dr-60,000
Cash Cr-60,000
Retained Earned Dr-140,000
Common Stock Dividend Dist. Cr-100,000
PIC>PV-CS dividend Cr-40,000