The trial balance of Harriet Service Center as of March 31, 2018, follows: (Click the icon...

 

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The trial balance of Harriet Service Center as of March 31, 2018, follows: (Click the icon to view the March trial balance) During April, the business engaged in the following transactions: (Click the icon to view the transactions). Read the requirements. Data Table Requirement 1. Journalize each transaction including explanations. (Record debits first, then credits. Select the explanations on the last line of the journal entry table.) Apr. 2. Borrowed $50,000 from the bank and signed a note payable in the name of the business. Date Accounts and Explanation Debit Credit ▼ 1 X 2 Borrowed $50.000 from the bank and signed a note payable in the name of the business. 4 Paid cash of $50,000 to acquire land. 9 Performed services for a customer and received cash of $14,000. 13 Purchased office supplies on account, $200. 15 Performed services for a customer on account, $2,800. 18 Paid $1,500 on account. 21 Paid the following cash expenses: salaries, $2,200, rent, $2,000, and interest. $500 25 Received $2,100 from a customer on account. 27 Received a $350 utility bill that will be paid next month 29 Received $1,700 for services to be performed next month. 30 Cash dividends of $2,300 were paid to stockholders Apr. 2 Choose 12 i More Info Apr. Clear All Account Title Cash Accounts Receivable Office Supplies Land Accounts Payable Utilities Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Interest Expense Utilities Expense Total March 31, 2018 Print Balance Debit Credit S 23,400 5,600 0 0 $ 2,500 0 0 0 18,100 12,000 200 S 32,600 $ 32,600 Done 0 1,600 1,800 0 The trial balance of Harriet Service Center as of March 31, 2018, follows: (Click the icon to view the March trial balance) During April, the business engaged in the following transactions: (Click the icon to view the transactions). Read the requirements. Data Table Requirement 1. Journalize each transaction including explanations. (Record debits first, then credits. Select the explanations on the last line of the journal entry table.) Apr. 2. Borrowed $50,000 from the bank and signed a note payable in the name of the business. Date Accounts and Explanation Debit Credit ▼ 1 X 2 Borrowed $50.000 from the bank and signed a note payable in the name of the business. 4 Paid cash of $50,000 to acquire land. 9 Performed services for a customer and received cash of $14,000. 13 Purchased office supplies on account, $200. 15 Performed services for a customer on account, $2,800. 18 Paid $1,500 on account. 21 Paid the following cash expenses: salaries, $2,200, rent, $2,000, and interest. $500 25 Received $2,100 from a customer on account. 27 Received a $350 utility bill that will be paid next month 29 Received $1,700 for services to be performed next month. 30 Cash dividends of $2,300 were paid to stockholders Apr. 2 Choose 12 i More Info Apr. Clear All Account Title Cash Accounts Receivable Office Supplies Land Accounts Payable Utilities Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Interest Expense Utilities Expense Total March 31, 2018 Print Balance Debit Credit S 23,400 5,600 0 0 $ 2,500 0 0 0 18,100 12,000 200 S 32,600 $ 32,600 Done 0 1,600 1,800 0

Answer rating: 100% (QA)

Journal entries Date account and explanation debit credit Apr 2 Cash 50000 Notes pay... View the full answer