Doherty Tree Cellular, Inc., completed the following transactions during April 2012, its first month of operations: Requirement
Question:
Requirement
1. Record the transactions in the journal of Doherty Tree Cellular, Inc. Key transactions by date and include an explanation for eachentry.
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Apr 1 Received $19,800 and issued common stock. Purchased $200 of office supplies on account. 4 Paid $14,300 cash for land to use as a building site. 6 Performed service for customers and received cash of $2,600. 9 Paid S100 on accounts payable. Performed service for UFax on account totaling $1,900 Collected $100 from UFax on account. Paid the following expenses: salary, $1,900; rent, $1,300. 17 23 30
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Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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