October 1 B. Aloan invested $78,000 cash, a $21,100 computer system, and $14,000 of office equipment...

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October 1 B. Aloan invested $78,000 cash, a $21,100 computer system, and $14,000 of office equipment in the company in exchange for common stock. October 2 The company paid $4,500 cash for four months' rent. (The company's policy is to record prepaid expenses in balance sheet accounts.) October 3 The company purchased $2,400 of computer supplies on credit from Kuhl Office Products. October 5 The company paid $2,600 cash for one year's premium on a property and liability insurance policy. (The company's policy is to record prepaid expenses in balance sheet accounts.) October 6 The company billed Kennedy Leasing $5,900 for services performed in installing a new web server. October 8 The company paid $2,400 cash for the computer supplies purchased from Kuhl Office Products on October 3. October 10 The company hired Paul Aloan as a part-time assistant. October 12 The company billed Kennedy Leasing another $3,600 for services performed. October 15 The company received $5,900 cash from Kennedy Leasing as partial payment on its account. October 17 The company paid $1,400 cash to repair computer equipment that was damaged when moving it. October 20 The company paid $2,300 cash for advertisements published in the local newspaper. October 22 The company received $3,600 cash from Kennedy Leasing on its account. October 28 The company billed RST Company $5,800 for services performed. October 31 The company paid $1,750 cash for Paul Aloan's wages for seven days' work. October 31 The company paid a $6,000 cash dividend. November 1 The company paid $320 cash for mileage expenses. November 2 The company received $5,200 cash from Potter Corporation for computer services performed. November 5 The company purchased computer supplies for $2,200 cash from Kuhl Office Products. November 8 The company billed Sanchez Company $2,300 for services performed. November 13 The company agreed to perform future services for Fox Engineering Company No work has yet been performed. November 18 The company received $3,500 cash from RST Company as partial payment of the October 28 bill. November 22 The company paid $300 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expense for $300. November 24 The company completed work for Fox Engineering Company and sent it a bill for $7,200. November 25 The company sent another bill to RST Company for the past-due amount of $2,300. November 28 The company paid $384 cash for mileage expenses. November 30 The company paid $3,500 cash for Paul Aloan's wages for 14 days' work. November 30 The company paid a $3,200 cash dividend. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Equity Using the dropdown buttons, select the financial statement elements and account titles to be included on the incom statement. The account balances will automatically populate. Quick Gigs Income Statement For Two Months Ended November 30 Assets: Expenses: Liabilities: Revenues: October 1 B. Aloan invested $78,000 cash, a $21,100 computer system, and $14,000 of office equipment in the company in exchange for common stock. October 2 The company paid $4,500 cash for four months' rent. (The company's policy is to record prepaid expenses in balance sheet accounts.) October 3 The company purchased $2,400 of computer supplies on credit from Kuhl Office Products. October 5 The company paid $2,600 cash for one year's premium on a property and liability insurance policy. (The company's policy is to record prepaid expenses in balance sheet accounts.) October 6 The company billed Kennedy Leasing $5,900 for services performed in installing a new web server. October 8 The company paid $2,400 cash for the computer supplies purchased from Kuhl Office Products on October 3. October 10 The company hired Paul Aloan as a part-time assistant. October 12 The company billed Kennedy Leasing another $3,600 for services performed. October 15 The company received $5,900 cash from Kennedy Leasing as partial payment on its account. October 17 The company paid $1,400 cash to repair computer equipment that was damaged when moving it. October 20 The company paid $2,300 cash for advertisements published in the local newspaper. October 22 The company received $3,600 cash from Kennedy Leasing on its account. October 28 The company billed RST Company $5,800 for services performed. October 31 The company paid $1,750 cash for Paul Aloan's wages for seven days' work. October 31 The company paid a $6,000 cash dividend. November 1 The company paid $320 cash for mileage expenses. November 2 The company received $5,200 cash from Potter Corporation for computer services performed. November 5 The company purchased computer supplies for $2,200 cash from Kuhl Office Products. November 8 The company billed Sanchez Company $2,300 for services performed. November 13 The company agreed to perform future services for Fox Engineering Company No work has yet been performed. November 18 The company received $3,500 cash from RST Company as partial payment of the October 28 bill. November 22 The company paid $300 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expense for $300. November 24 The company completed work for Fox Engineering Company and sent it a bill for $7,200. November 25 The company sent another bill to RST Company for the past-due amount of $2,300. November 28 The company paid $384 cash for mileage expenses. November 30 The company paid $3,500 cash for Paul Aloan's wages for 14 days' work. November 30 The company paid a $3,200 cash dividend. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Equity Using the dropdown buttons, select the financial statement elements and account titles to be included on the incom statement. The account balances will automatically populate. Quick Gigs Income Statement For Two Months Ended November 30 Assets: Expenses: Liabilities: Revenues:

Answer rating: 100% (QA)

General Journal October Transactions Only Date Account Titles Debit Credit Description Oct 1 Cash 78... View the full answer