Question: Problem 2-4A (Algo) Recording transactions; posting to ledger; preparing a trial bolance LO A1, P1 Business transactions completed by Hannah Venedict during the month of
Problem 2-4A (Algo) Recording transactions; posting to ledger; preparing a trial bolance 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 $20,000 in a new business named HV Consulting. b. The company purchased land valued at $30,000 and a building valued at $165,000. The purchase is paid with $30,000 cash and a note payable for $165,000. c. The company purchased $1,600 of office supplies on credit. d. Venedict invested an automobile in the company. The automobile has a value of $16,600 e. The company purchased $5,800 of additional office equipment on credit. f. The company pajd $1,800 cash salary to an assistant. 9. The company provided services to a client and collected $7,600 cash. h. The company paid $640 cash for this month's utilities. i. The company paid $1,600 cash to settle the account payable created in transaction C 3. The company purchased $20,300 of new office equipment by paying $20,300cash k. The company completed $6,250 of services on credit for a client, who must pay within 30 days. 1. The company paid $1,600 cash salary to an assistant. m. The compary recelved $4,500 cash in partial payment on the receivable created in transaction k. n. Venedict withdrew $2,700 cash from the company for personal use
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