In March, Etta Stand forth opened a financial planning centre in down town Calgary. Please assist her
Question:
The chart of accounts for the company includes: Cash, 111; Accounts Receivable, 112; Prepaid Rent, 114; Computer Supplies, 116; Office Equipment, 120; Computer Equipment, 121; Accounts Payable, 211; Etta Stand forth, Capital, 311; Etta Stand forth, Withdrawals, 312; Planning Fees Earned, 411; Advertising Expense, 511; Salaries Expense, 512; Repairs Expense, 513; and Cleaning Expense, 514.
Transcribed Image Text:
Etta Standforth invested $4,100 worth of computer equip- ment as well as $10,500 cash in the new business. Purchased computer supplies on account from Carry Co $355 Purchased office equipment on account from A-One Stationery, $1,895 Mar. 2 6 9 13 Etta paid her home telephone bil from the company bank account, $55. Received $875 cash for financial planning services performed. Advertising bill was received but not yet paid, $450. Cleaning bill was received but not yet paid, S95. Performed financial planning services for Harriet Corp., $2,725; however, payment will not be received until April Paid salaries expense, $2,100. Paid A-One Stationery half the amount owed from March 9 transaction, $947.50. Received bill for repairs on equipment, $250-to be paid in April 20 21 23 27 28 29 30
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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