Question: M Question 1 - Test 2 on Chapters X +) C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2534%252F%252Fnewconnect.mheducation.com%252F#/activity/question.. Test 2 on Chapters 3 and 4 Due July 2nd i Saved Help

 M Question 1 - Test 2 on Chapters X +) Cezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2534%252F%252Fnewconnect.mheducation.com%252F#/activity/question.. Test 2 on Chapters 3 and 4 Due July 2nd i

M Question 1 - Test 2 on Chapters X +) C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2534%252F%252Fnewconnect.mheducation.com%252F#/activity/question.. Test 2 on Chapters 3 and 4 Due July 2nd i Saved Help Save On January 1, you started a tutoring business called Brain Worx and charge $32 an hour for tutoring. The following are your transactions for 2017. a. On January 1, you purchased a computer from Apple Inc. for $1,035 cash. You estimate that your computer will last three years. After that time, you will give the computer to your sister as a gift. b. On February 1, you paid $732 cash for one-year of insurance coverage. 8 02:59:39 c. On March 1, you purchased supplies including paper, pens, and notebooks for $1,020 cash at Staples Canada Inc. At the end of the year, you had $306 of supplies left. d. On November 1, Charlotte, a student, pays cash for eight hours of tutoring per month, for November 2017, December 2017, and January 2018. e. You tutor George for four hours in December. However, George was away for Christmas and has promised to pay you in January 2018 . f. On 31 December 2017, Telus Communications sends your December business cell phone bill for $68. The bill is due January 15, 2018. Assume Brain Worx, uses Straight Line Method to depreciate the asset. Required: 1. For transactions (a) to (d), record the initial journal entry during the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 Record purchase of computer. Activa Go to Se Mc Graw Prey. 1 of 14 Next > Type here to search O Eli Question 1 - Test 2 ... MacBook Air :9 F1 2- F2 20 F3 898 F4 F5 -F6 14 F7 FB F9 F10 N 4 5 6 8M Question 1 - Test 2 on Chapters X + F - C @ ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question... 2 * |0@ : Test 2 on Chapters 3 and 4 Due July 2nd i Saved Save & Exit Submit Record purchase of computer. Note: Enter debits before credits. Date General Journal Credit 8 0259:31 Jan 01, 2017 Record entry Clear entry View general journal 2. For transactions (a) to (f), record the adjusting entries on December 31, 2017. (If no entry is required for a transaction/event, select 'No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 Activate Windows Go to Settings to activate Windows. Type here to search O Hi ) Question 1 - Test 2.. ^ D 4) ENG 3:28 PM INTL 7/1/2023 MacBook Air esc 29 F2 20 F3 288 FA 44 F7 F10 W * A LA W E R O 4 S D F G H K .. X B N M 96 36 command command option option

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!