Question: Ahmed training centre was started on august 1 2015 a summary of august transactions is presented below. August 1 invested $35000 cash to start the

Ahmed training centre was started on august 1 2015 a summary of august transactions is presented below.

August 1 invested $35000 cash to start the business

August 5 purchased equipment for $15000 cash

August 9 Paid $1750 cash for supplies

August 15 Paid $1400 cash for august rent

August 18 Received $17850 in cash from customers for training services

August 20 Received August advertising bill from the daily news for $875

August 25 Paid employee salaries $7000

August 28 Paid Utility Bills $490

August 30 Withdrew $3500 cash for personal use

August 31 Provided training service on account to customers $2625.

Prepare the Journal entries for the month of August 2015

Prepare the cash account.

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!

Q:

FALL 2021 ACCT 2013 Principles of Financial Accounting Practice Set Problem Worth 150 points, 15% of overall grade and a requirement to pass the class. Due Date: After we complete Chapter 4 to be...

Q:

Name Class Date (b) & (c ) Adjusted Trial Balance Adjustments Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr Dr. Cr Dr. Cr. Cash Accounts Receivable Cleaning...

Q:

journalize the may transactions P2.3A (LO 2) AP You are presented with the following transactions for J. Green, a sole proprietorship established in the month of August: Aug. 2 The owner, Jason...

Q:

Question You are presented with the following transactions for Amir Abdullah, a sole proprietorship for the month of August 2 0 2 3 : August 2 The owner, Amir Abdullah, invested $ 3 5 , 0 0 0 in the...

Q:

Bee-Kind Hives provides residential and commercial hive services. Its balance sheet at the end of July 2019 is shown below, along with its chart of accounts. Bee-Kind Hives Balance Sheet As at July...

Q:

Bee-Kind Hives provides residential and commercial hive services. Its balance sheet at the end of July 2019 is shown below, along with its chart of accounts. (123 marks) Bee-Kind Hives Balance Sheet...

Q:

Using the Stanford Health Care Consolidated Financial Statements for 2014 ( pages 1-4 ), prepare a brief summary (3 -4 paragraphs) that highlights the current financial status of Stanford and any...

Q:

from pages 5-39 of Stanford's Health Care Report- any particular point that feel may be relevant or interesting in regards to financial status current or future for Stanford. Has to be least 200...

Q:

Joey Juno began a web-based computer sales and service company on August 1, 2015 called Juno's Toys Inc. The plan is to prepare monthly adjustments so that financial statements can be done each...

Q:

im needing help doing tax form on the following for the year 2019 A. for 1040 B. Schedule 1 Additional income and adj to income C. Schedule 2 additional taxes D. Schedule 3 additional credit and...

Q:

6 pnts Consider the following differential equation 1 (t2 kt)y" Vt ly + In t - 64|y = (t 1) subject to y(5) = 1; y'(5) = 4 Find the certain value of "k" so that the largest possible interval over...

Q:

if the power of variable or non variable is equal to zero then the value will be always ONE Why? How to prove?

Q:

If ROI for a division is 15% and the companys minimum required cost of capital is 18%, then a. residual income for the division is negative. b. residual income for the division takes on a value...

Q:

QUESTION 6 A company makes electric motors. One of the measures at the end of the production line is the noise level of the motor. The following graph depicts the latest results. The Y axis shows...

Q:

1. To provide an understanding that social facts are mentally constructed and do not exist as an objective reality.

Q:

7. Give examples of the following when you formulate a social problem or phenomenon: a) When you generalize from reality. b) When you choose something from social reality and do not choose some-thing...

Q:

5. Give examples of binary thinking.