Question: please correct and fill in blanks for number 2 Problem 2-4A (Algo) Recording transactions; posting to ledger; preparing a trial balance LO A1, P1 Business

please correct and fill in blanks for number 2
please correct and fill in blanks for number 2 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 bullding valued at $170,000. The

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 bullding 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. 9. The company provided services to a client and collected $7,400 cash. h. The company paid $630 cash for this month's utilities: 1. The company paid $2,100 cash to settle the account payable created in transaction c J. 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. 1. The company paid $1,700 cash salary to an assistant. m. The company received $4,000 cash in partial payment on the receivable created in transaction k n. Venedict withdrew $2,700 cash from the company for personal use. 2. Post the journal entries from part 1 to the ledger accounts. 3. Prepare a trial balance as of the end of September. Complete this question by entering your answers in the tabs below. Post the journal entries from part 1 to the ledger accounts. \begin{tabular}{l|l|l|l|} \hline \multicolumn{1}{|l|}{ 172: Land } \\ \hline Transaction & Debit & \multicolumn{1}{|c|}{ Credit } \\ \hline b. & 30,000 & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Q. +inak (1)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!