Question: i need help on A/P date: 4/7 Balance - X More Info ce dt co Simmon deposited $40.000 in a new business bank account titled

- X More Info ce dt co Simmon deposited $40.000 in a new business bank account titled Abraham Simmon, CPA. The Apr. 5 business issued common stock to Simmon Apr. 6 Paid $450 cash for letterhead stationery for new office, Apr. 7 Purchased office furniture for the office on account, $5,500 Apr. 10 Consulted with tax client and received $3,300 for services rendered. Apr. 11 Paid utilities, $300 Apr. 12 Finished tax hearings on behalf of a client and submitted a bill for accounting services, $8,000. Paid office rent, $1,300 Apr. 25 Received amount due from client that was billed on April 12 Paid full amount of accounts payable created on April 7. Cash dividends of $3,000 were paid to stockholders. Apr. 18 Apr. 27 Apr. 30 Der in Print Done C Cap. + Cash AR Office + A/P Util Furn Div. + Retained Earnings + Service Rent Rev. Exp Com Sup Stock Exp 4/5 + 40,000 40,000 (450) 39,550 416 450 34 0 0 450 0 + 40,000 0+ Bal + + 0 5,500 loo 4/7 0 0 450 0 0 + 39,550 40.000 + 5,500 Bal Enter any number in the edit fields and then click Check
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
