Question: Hello! I really need to get these answers correct. I alredy did questions from 1-5. I hope they are right (if possible could you please




Prepare the March journal entries for STU Corporation; remember to include an explar journal entry transaction. Choose descriptive names for each account. STU Corporation received $225,000 cash from investors and awarded common stock in e Your Answer STU Corporation Event 1 Account Cash Common Stock (being share capital raised by providing cash) Debit $ Credit $ 225,000.00 225,000.00 Prepare the March journal entries for STU Corporation; remember to include an explar journal entry transaction. Choose descriptive names for each account. STU Corporation offers Escape Room Adventures to the public. In March the company rect for the Escape Adventures. Your Answer: Event 2 Account Credit $ Debit $ 13,250.00 Cash Service revenue 13,250.00 (Being service revenue earned) Prepare the March journal entries for STU Corporation; remember to include an explar journal entry transaction. Choose descriptive names for each account. STU Corporation purchased $5,000 in used furniture from the local second-hand shop and Your Answer: Account Debit $ Credit $ Event 3 Furniture 5,000.00 Cash 5,000.00 (Being furniture purchased on account) Prepare the March journal entries for STU Corporation; remember to include an explai journal entry transaction. Choose descriptive names for each account. STU paid multiple March invoices received by check: Utility invoice - 5260, Telephone invo Costume Makeup invoice - $390, Costume Rental invoice - $530. Your Answer: Event Account Debit $ Credit $ 4 Utility expense 260.00 Telephone expense 150.00 170.00 390.00 Supplies expense Costume makeup expense Costume rental expense 530.00 Cash 1,500.00 (Being operating expenses paid) Prepare the March journal entries for STU Corporation; remember to include an explar journal entry transaction. Choose descriptive names for each account. STU purchased a van for $24,000. The corporation made a down payment of 25% cash ar promissory note for the remainder. Your Answer: Event Debit $ Credit $ 5 24,000.00 Account Motor van Cash Notes payable 6,000.00 18,000.00 (being Motor van purchased in cash and on account)
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