Question: answer all the questions, i will give you a thumb! thanks. Federov Testing Inc. provides water testing and maintenance services for owners of hot tubs

 answer all the questions, i will give you a thumb! thanks.

answer all the questions, i will give you a thumb! thanks.

Federov Testing Inc. provides water testing and maintenance services for owners of hot tubs and swimming pools. During September the following transactions occurred: Sept. 1 2 5 8 13 Issued common shares for $12,000 Purchased chemical supplies for $1,480 cash Paid office rent for October, November, and December; the rent is $600 per month Purchased $895 of advertising for September on account Billed the City of Bell River $4,200 for testing the water in the city's outdoor pools during September Received $6,850 from Alexander Blanchard upon completion of overhaul of his swimming pool water circulation system. Since the job was completed and collected for on the same day, no bill was sent to Blanchard. Received $495 from the City of Bell River for water testing that was previously billed Recorded and paid September salaries of $4,320 18 30 Required: 1. Prepare a journal entry for each transaction. 2. Post the journal entries to Federov Testing's T-accounts. Answer Check Figure: Ending Cash balance = $11,745

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!