Prepare journal entries (in good form) for the following transactions. If no login is required, type no
Question:
Prepare journal entries (in good form) for the following transactions. If no login is required, type "no login". Skip the explanations.
mart | 1 | Investors opened a dance school called Yolonda's Dance Studio by depositing $15,000 in a commercial bank account in exchange for 15,000 shares of the $1 par value stock. |
2 | He paid three months' rent upfront, $1,800. | |
4 | I hired a part-time assistant to be paid $250 a week starting next week. | |
6 | Bought sound equipment for $2,000. $400 upfront, the remainder will be paid in installments of $800 every two weeks. | |
8 | Five students signed up for classes on March 10, starting at $80 per student per week. | |
17 | He received the first week's tuition fee from four students; the fifth student will remit the payment within three days. | |
17 | He paid the assistant his first week's wages. | |
20 | Payment received from the fifth student. | |
21 | The first installment of the audio device purchased on March 6 was paid. | |
23 | Received a $100 electricity bill to be paid on April 1. |
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett