Question: Problem 2-2A (Part Level Submission) Julia Dumars is a licensed CPA. During the first month of operations of her business, Julia Dumars, Inc., the following

 Problem 2-2A (Part Level Submission) Julia Dumars is a licensed CPA.
During the first month of operations of her business, Julia Dumars, Inc.,

Problem 2-2A (Part Level Submission) Julia Dumars is a licensed CPA. During the first month of operations of her business, Julia Dumars, Inc., the following events and transactions occurred. May 1 Stockholders Invested $20,000 cash in exchange for common stock. 2 Hired a secretary-receptionist at a salary of $2,000 per month. 3 Purchased $1,500 of supplies on account from Vincent Supply Company. 7 Paid office rent of $900 cash for the month. 11 Completed a tax assignment and billed client $2,800 for services performed. 12 Received $3,500 advance on a management consulting engagement. 17 Received cash of $1,200 for services performed for Orville Co. 31 Paid secretary-receptionist $2,000 salary for the month. 31 Paid 40% of balance due Vincent Supply Company Julia Dumars uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 U Revenue, No. 311 Common Stock, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense. (a) Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. Record in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter "O" for the amounts.) Debit Credit Date Account Titles and Explanation SAA 9 Opgw CALCULATOR STANDARD VIEW PRINTER VERSION NMENT RESOURCES i 2-2 2-12 per 22A (Part Score Results by Study (Paid salaries)

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!