Question: Bramble Corp. provides security services. Selected transactions for Bramble Corp. are presented below. Oct. 1 Issued common stock in exchange for $ 51,500 cash from
Bramble Corp. provides security services. Selected transactions for Bramble Corp. are presented below.
| Oct. 1 | Issued common stock in exchange for $ 51,500 cash from investors. | |
| 2 | Hired part-time security consultant. Salary will be $ 1,600 per month. First day of work will be October 15. | |
| 4 | Paid 1 month of rent for building for $ 1,600. | |
| 7 | Purchased equipment for $ 14,000, paying $ 3,100 cash and the balance on account. | |
| 8 | Paid $ 600 for advertising. | |
| 10 | Received bill for equipment repair cost of $ 310. | |
| 12 | Provided security services for event for $ 2,500 on account. | |
| 16 | Purchased supplies for $ 320 on account. | |
| 21 | Paid balance due from October 7 purchase of equipment. | |
| 24 | Received and paid utility bill for $ 115. | |
| 27 | Received payment from customer for October 12 services performed. | |
| 31 | Paid employee salaries and wages of $ 4,000. |
Part 1
Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
| Date | Account Titles and Explanation | Debit | Credit |
|---|---|---|---|
| choose a transaction date Oct. 1Oct. 2Oct. 4Oct. 7Oct. 8Oct. 10Oct. 12Oct. 16Oct. 21Oct. 24Oct. 27Oct. 31 | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| choose a transaction date Oct. 1Oct. 2Oct. 4Oct. 7Oct. 8Oct. 10Oct. 12Oct. 16Oct. 21Oct. 24Oct. 27Oct. 31 | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| choose a transaction date Oct. 1Oct. 2Oct. 4Oct. 7Oct. 8Oct. 10Oct. 12Oct. 16Oct. 21Oct. 24Oct. 27Oct. 31 | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| choose a transaction date Oct. 1Oct. 2Oct. 4Oct. 7Oct. 8Oct. 10Oct. 12Oct. 16Oct. 21Oct. 24Oct. 27Oct. 31 | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| enter an account title | enter a debit amount | enter a credit amount | |
| choose a transaction date Oct. 1Oct. 2Oct. 4Oct. 7Oct. 8Oct. 10Oct. 12Oct. 16Oct. 21Oct. 24Oct. 27Oct. 31 | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| choose a transaction date Oct. 1Oct. 2Oct. 4Oct. 7Oct. 8Oct. 10Oct. 12Oct. 16Oct. 21Oct. 24Oct. 27Oct. 31 | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| choose a transaction date Oct. 1Oct. 2Oct. 4Oct. 7Oct. 8Oct. 10Oct. 12Oct. 16Oct. 21Oct. 24Oct. 27Oct. 31 | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| choose a transaction date Oct. 1Oct. 2Oct. 4Oct. 7Oct. 8Oct. 10Oct. 12Oct. 16Oct. 21Oct. 24Oct. 27Oct. 31 | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| choose a transaction date Oct. 1Oct. 2Oct. 4Oct. 7Oct. 8Oct. 10Oct. 12Oct. 16Oct. 21Oct. 24Oct. 27Oct. 31 | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| choose a transaction date Oct. 1Oct. 2Oct. 4Oct. 7Oct. 8Oct. 10Oct. 12Oct. 16Oct. 21Oct. 24Oct. 27Oct. 31 | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| choose a transaction date Oct. 1Oct. 2Oct. 4Oct. 7Oct. 8Oct. 10Oct. 12Oct. 16Oct. 21Oct. 24Oct. 27Oct. 31 | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| choose a transaction date Oct. 1Oct. 2Oct. 4Oct. 7Oct. 8Oct. 10Oct. 12Oct. 16Oct. 21Oct. 24Oct. 27Oct. 31 | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
