On June 1, 20Y6, Hannah Ellis established an interior decorating business, Whitworth Designs During the month,...
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On June 1, 20Y6, Hannah Ellis established an interior decorating business, Whitworth Designs During the month, Hannah completed the following transactions related to the business. June 1 Hannah transferred cash from a personal bank account to an account to be used for the business, $27,250. Paid rent for period of June 1 to end of month, $3,100. Purchased office equipment on account, $12,700 Purchased a van for $31,450 paying $6,300 cash and giving a note payable for the remainder Purchased supplies for cash, $1,660. Received cash for job completed, $9,000. Paid annual premiums on property and casualty insurance, $2,500. Recorded jobs completed on account and sent invoices to customers, $12,440. Received an invoice for van expenses, to be paid in July, $1,390 June 6 8 10 12 15 23 24 Enter the following transactions on Page 2 of the two-column journal 29 29 30 30 30 30 Paid utilities expense, $3,660 Paid miscellaneous expenses, $1,580. Received cash from customers on account, $8,200, Letters Paid wages of employees, 54,600 12/199 Paid creditor a portion of the amount owed for equipment purchased on June 6, $6,160. www Withdrew cash for personal use, $2,100, Required: 1 Joumalize each transaction in a two-column journal beginning on Page 1, referring to the chart of accounts in selecting the accounts to be debited and credited (Do not insert the post reference numbers until you have posted the entry to the general ledger in part 2) CNOW journals On June 1, 20Y6, Hannah Ellis established an interior decorating business, Whitworth Designs During the month, Hannah completed the following transactions related to the business. June 1 Hannah transferred cash from a personal bank account to an account to be used for the business, $27,250. Paid rent for period of June 1 to end of month, $3,100. Purchased office equipment on account, $12,700 Purchased a van for $31,450 paying $6,300 cash and giving a note payable for the remainder Purchased supplies for cash, $1,660. Received cash for job completed, $9,000. Paid annual premiums on property and casualty insurance, $2,500. Recorded jobs completed on account and sent invoices to customers, $12,440. Received an invoice for van expenses, to be paid in July, $1,390 June 6 8 10 12 15 23 24 Enter the following transactions on Page 2 of the two-column journal 29 29 30 30 30 30 Paid utilities expense, $3,660 Paid miscellaneous expenses, $1,580. Received cash from customers on account, $8,200, Letters Paid wages of employees, 54,600 12/199 Paid creditor a portion of the amount owed for equipment purchased on June 6, $6,160. www Withdrew cash for personal use, $2,100, Required: 1 Joumalize each transaction in a two-column journal beginning on Page 1, referring to the chart of accounts in selecting the accounts to be debited and credited (Do not insert the post reference numbers until you have posted the entry to the general ledger in part 2) CNOW journals
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Related Book For
Calculus For Scientists And Engineers Early Transcendentals
ISBN: 9780321849212
1st Edition
Authors: William L Briggs, Bernard Gillett, Bill L Briggs, Lyle Cochran
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