Question 4

509.1 Completion Status: QUESTION Use the following information to answer questions 1-4 At December 31, 2016, the accounting records of Hill Pool, Co. reflected the following: Accounts Payable Retained Earnings Building Notes Payable, due Jan 2018 Unearned Revenue 10,100 7,830 23,950 10,240 2,000 8,450 2,350 15,420 20,000 Accounts Receivable Supplies Cash Common Stock During January 2017, the following transactions occurred: Jan 2 Issued 5,000 shares of common stock in exchange for $10,000 Jan 8 Paid creditors $2,500 of what was owed on account. Jan 15 Repaired a pool and collected the fee of $1,800. Jan 19 Performed a $500 repair job, which Hill had previously been paid for Jan 25 Collected $2,400 from customers on account Jan 28 Repaired a customers pool for $8.200. Billed the customer. Jan 30 Declared and paid a cash dividend of $500. Jan 30 Paid $2,000 for January wages. Jan 30 Supplies on hand at the end of the month amount to $1,300 Jan 30 Received a utility bill for $500 which will be paid next month. The journal entry to record the Jan 19 transaction would include a Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save Al Answers Close WindowS 18