Question: a . Received $ 1 1 , 0 0 0 cash for consulting services rendered in January. b . Issued common stock to investors for

a. Received $11,000 cash for consulting services rendered in January.
b. Issued common stock to investors for $17,500 cash.
c. Purchased $14,700 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years.
d. Received $12,050 cash for consulting services to be performed in February.
e. Bought and received $1,310 of supplies on account.
f. Received utility bill for January for $1,710, due February 15.
g. Consulted for customers in January for fees totaling $19,000, due in February.
h. Received $15,200 cash for consulting services rendered in December.
i. Paid $655 toward supplies purchased in (e).
Required:
Prepare the journal entry for each of the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry
Required" in the first account field.)
Journal entry worksheet
1
2
3
4
5
6
7
8
9
Received $11,000 cash for consulting services rendered in January. Record the
transaction.
 a. Received $11,000 cash for consulting services rendered in January. b.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!