Question: please complete number 1 Problem 2-4A (Algo) Recording transactions; posting to ledger; preparing a trial balance LO A1, P1 Business transactions completed by Hannah Venedict





Problem 2-4A (Algo) Recording transactions; posting to ledger; preparing a trial balance LO A1, P1 Business transactions completed by Hannah Venedict during the month of September are as follows: a. Venedict invested $90,000 cash along with office equipment valued at $22,000 in a new business named HV Consulting. b. The company purchased land valued at $30,000 and a building valued at $170,000. The purchase is paid with $25,000 cash and a note payable for $175,000. c. The company purchased $2,100 of office supplies on credit. d. Venedict invested an automobile in the company. The automobile has a value of $17,000. e. The company purchased $5,800 of additional office equipment on credit. f. The company paid $1,700 cash salary to an assistant. g. The company provided services to a client and collected $7,400 cash: h. The company paid $630 cash for this month's utilities. i. The company paid $2,100 cash to settle the account payable created in transaction c. ]. The company purchased $20,100 of new office equipment by paying $20,100 cash. k. The company completed $6,750 of services on credit for a client, who must pay within 30 days. I. The company paid $1,700 cash salary to an assistant. m. The company recelved $4,000 cash in partial payment on the receivable created in transaction k Required: 1. Prepare general journal entries to record these transactions using the following tities: Cash (101); Accounts Receivable (106); Offi: Supplies (108); Office Equipment (163); Automobiles (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); H Venedict, Capital (301); H. Venedict, Withdrawals (302); Consulting Revenue (403); Salaries Expense (601); and Utilities Expense (60 2. Post the journal entries from part 1 to the ledger accounts. 3. Prepare a trial balance as of the end of September. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare general journal entries to record these transactions using the following titles: Cash (101): Accounts Receivable (106): Office Supplies (108); Office Equipment (163); Automobiles (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); H. Venedict, Capital (301); H. Venedict, Withdrawals (302); Consulting Revenue (403); Salaries Expense Prepare general journal entries to record these transactions using the following titles: Cash ( 101); Accounts Receivable (106); Office Supplies (108); Office Equipment (163); Automobiles (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); H. Venedict, Capital (301); H. Venedict, Withdrawals (302); Consulting Revenue (403); Salaries Expense (601); and Utilities Expense (602). \begin{tabular}{|l|l|l|} \hline & & Consulting revenue \\ \hline 12 & 1 & Salaries expense \\ \hline & Cash \\ \hline & & \\ \hline 13 & m & Cash \\ \hline & & Accounts receivable \\ \hline & & H. Vonedict, Withdrawals \\ \hline 14 & Cash \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{l} 6,7500 \\ 1,700 \\ \hline 4,000 \\ \hline 2,700 \\ \hline \end{tabular}
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