 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
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 |
||||
|
||||
|
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? |
||||
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
The following transactions took place during the month of December; Dec. 5 Received a check for $30 representing interest due on marketable securities. Interest Receivables $30 DR Interest Income $30 CR Is this correct?:
Acquired building ; the cost $200,000 ; with estimated life 40 years. It will be depreciated over 40 years using straight line depreciation. Salvage value $20,000. How do I journalize this? I have Cash $200,000 Building $200,000 ...
Recorded services provided on account for the period April 1-12, $4200.00 Is this correct: DR- Accounts receivable CR- Unearned fees Paid Office station Co. for part of the debt incurred on April 5, $1200.00 Is this correct:
Journalize the following transactions, post them into the ledger and prepare a trial balance. Jan 1 Mr. Rana commenced his business with Rs. 40,000 cash, furniture worth Rs. 5,000, car valued at Rs. 12,000 and stock worth of Rs. 20,000. Jan 3 deposited into bank...
View more questions Search
|
