Question: Homework: Chapter 2 Lab work Score: 0 of 1 pt 5 of 7 (5 complete) P2-30A (similar to) Doris Stann started her practice as a
Homework: Chapter 2 Lab work Score: 0 of 1 pt 5 of 7 (5 complete) P2-30A (similar to) Doris Stann started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transactions (Click the icon to view the transactions) Read the requirements 0 More Info Requirement 1. Record each transaction in the journal using the following account titles: Stann, Capital Stann, Withdrawals Service Revenue, Salaries Expense, Rent Expense, an Sop 1 Received $49,000 cash and gave capital to Stann Sep 1 4 6 7 10 0 Requirements 1. Record each transaction in the journal using the following account titles: Cash Accounts Receivable Office Supplies Prepaid Insurance Land, Furniture Accounts Payable U des Payable, Unearned Revenue, Stann, Capital Stann, Withdrawals Service Revenue Salaries Expense, Rent Expense; and Utilities Expense Explanations are not required 2. T-accounts have been opened for each of the accounts Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts Label the balance of each account Bal 3. Prepare the trial balance of Doris Stann Designer, as of September 30, 2018 14 15 17 20 25 28 29 30 30 30 30 Received 549,000 cash and gave capital to Stann Purchased office supplies, $1,000, and furniture, $2,000, on account Performed services for a law firm and received $1,800 cash Paid $27,000 cash to acquire land to be used in operations Performed services for a hotel and received its promise to pay the 5900 within one week Paid for the furniture purchased on September 4 on account Paid assistant's sermonthly salary, $1,460 Received cash on account. 5500 Prepared a design for a school on account, 5450 Received 52 200 cash for design services to be performed in October Received $3.000 cash for consulting with Plummer & Gorden Paid $720 cash for a 12-month insurance policy starting on October 1 Paid assistant's semimonthly salary. 51.450 Paid monthly rent expense 5900 Received a bill for utilities. $200. The bill will be paid next month Stan withdraw cash of $2.800 Print Done
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
