On October 1, 2019, Helen Kennedy opened an advertising agency. DATE TRANSACTIONS Oct. 1 Helen Kennedy...
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On October 1, 2019, Helen Kennedy opened an advertising agency. DATE TRANSACTIONS Oct. 1 Helen Kennedy invested $61,000 cash in the business. 2 Paid October office rent of $3,ese; issued Check 1801. 5 Purchased desks and other office furniture for $13,900 from Office Furniture Mart, Inc.; received Invoice 6704 payable in 60 days. 6 Issued Check 1ee2 for $3,250 to purchase art equipment. 7 Purchased supplies for $1,600; paid with Check 1003. 10 Issued Check 1084 for $490 for office cleaning service. 12 Performed services for $4,150 in cash and $1,950 on credit. (Use a compound entry.) 15 Returned damaged supplies for a cash refund of 1290. 18 Purchased a computer for $3,050 from Office Furniture Mart, Inc., Invoice 7108; issued Check 1005 for a $1,775 down payment, with the balance payable in 30 days. (use one compound entry.) 28 Issued Check 1006 for $6,950 to office Furniture Mart, Inc., as payment on account for Invoice 6704. 26 Performed services for $4,450 on credit. 27 Paid $270 for monthly telephone bill; issued Check 1007. 38 Received $3,750 in cash froe credit customers. 30 Mailed Check 1008 to pay the monthly utility bill of $345. 30 Issued Checks 1009-1011 for se,ese for salaries. Required: 1. Journalize the above transactions. 2. Post the above transactions to the ledger accounts Analyze: What is the balance of account 202 in the general ledger? the helow. On October 1, 2019, Helen Kennedy opened an advertising agency. DATE TRANSACTIONS Oct. 1 Helen Kennedy invested $61,000 cash in the business. 2 Paid October office rent of $3,ese; issued Check 1801. 5 Purchased desks and other office furniture for $13,900 from Office Furniture Mart, Inc.; received Invoice 6704 payable in 60 days. 6 Issued Check 1ee2 for $3,250 to purchase art equipment. 7 Purchased supplies for $1,600; paid with Check 1003. 10 Issued Check 1084 for $490 for office cleaning service. 12 Performed services for $4,150 in cash and $1,950 on credit. (Use a compound entry.) 15 Returned damaged supplies for a cash refund of 1290. 18 Purchased a computer for $3,050 from Office Furniture Mart, Inc., Invoice 7108; issued Check 1005 for a $1,775 down payment, with the balance payable in 30 days. (use one compound entry.) 28 Issued Check 1006 for $6,950 to office Furniture Mart, Inc., as payment on account for Invoice 6704. 26 Performed services for $4,450 on credit. 27 Paid $270 for monthly telephone bill; issued Check 1007. 38 Received $3,750 in cash froe credit customers. 30 Mailed Check 1008 to pay the monthly utility bill of $345. 30 Issued Checks 1009-1011 for se,ese for salaries. Required: 1. Journalize the above transactions. 2. Post the above transactions to the ledger accounts Analyze: What is the balance of account 202 in the general ledger? the helow.
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Answer Excellent Answer A General Journal Date Particular 1Oct Cash 2Oct Rent To Helen Kennedy Capit... View the full answer
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
4th edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
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