Question: On October 1 , 2 0 2 1 , Mary Marshall launched a computer services company called Marshall Systems, which provides consulting services, computer system
On October Mary Marshall launched a computer services company called Marshall Systems, which provides consulting services, computer system installations, and custom program development. Marshall adopts the calendar year for reporting purposes and expects to prepare the company's first set of financial statements on December
Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements.
October M Marshall invested $ cash, a $ computer system, and $ of office equipment in the company. sheet accounts.
October The company purchased $ of computer supplies on credit from clark office Products. is to record prepaid expenses in balance sheet accounts.
October The company billed Miller Leasing $ for services performed in installing a new web server.
October The company paid $ cash for the computer supplies purchased from Clark Office Products on October
October The company hired Caitlin Marshall as a parttime assistant.
October The company billed Miller Leasing another $ for services performed.
October The company received $ cash from Miller Leasing as partial payment on its account.
October The company paid $ cash to repair computer equipment that was damaged when moving it
October The company paid $ cash for advertisements published in the local newspaper.
October The company received $ cash from Miller Leasing on its account.
October The company billed IFM Company $ for services performed.
October The company paid $ cash for Caitlin Marshall's wages for seven days' work.
October M Marshall withdrew $ cash from the company for personal use. $ per mile
November The company received $ cash from Walsh Corporation for computer services performed.
November The company purchased computer supplies for $ cash from Clark office Products.
November The company billed Green Company $ for services performed.
November The company received $ cash from IFM Company as partial payment of the October bill.
November The company paid $ cash for miscellaneous expenses. Hint: Debit Miscellaneous Expense for $
November The company completed work for Hughes Engineering Company and sent it a bill for $
November The company sent another bill to IFM Company for the pastdue amount of $
November The company paid $ cash for Caitlin Marshall's wages for days' work.
November M Marshall withdrew $ cash from the company for personal use.
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