Question: 2 2 Beverly Crusher is a licensed CPA. During the first month of operations of her business fa sole proprietorship, the following events and transactions



2 2 Beverly Crusher is a licensed CPA. During the first month of operations of her business fa sole proprietorship, the following events and transactions occurred Abril trivested $32,000 cash and trquipment valued at $14.000 in the business 2 Hired an administrative assistant to salary of $200 per week payable monthly 3 Purchased supplies on account 5700. (Debitant account) Pald ofhce rent of $600 for the month 11 Completed a taximent and billed client 51,200 for services rendered. Uue Service Revenue account) 12 Received $3,200 advance on a management consulte Received cash of $2.300 for wrvices completed for Forensic 21 Pald insurance expense $110. 30 Paid administrative anstant 51,160 for the month 30 A count of supplies indicated that $120 of supplies had been used 30 Purchased a new computer for $6.100 with personallurdu (The comouter will be used exclusively for business purposes 17 Journalize the transactions in the general journal. (Credit account titles are automatically indented when amount is entered. Do not indent moral i no entry is required select "No entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem Date Account Titles and Explanation Debit Credit
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
