Week 2: Homework Question 4 of 5 View Policies Current Attempt in Progress Oct. 1 Oriole...

Transcribed Image Text:

Week 2: Homework Question 4 of 5 View Policies Current Attempt in Progress Oct. 1 Oriole Corporation provides security services. Selected transactions for Oriole are presented below. (a) (b) 2 4 (c) 7 8 10 12 16 21 24 27 31 Issued common stock in exchange for $54,100 cash from investors. Hired part-time security consultant. Salary will be $1,600 per month. First day of work will be October 15. Paid 1 month of rent for building for $1,600. Purchased equipment for $14,800, paying $3,300 cash and the balance on account. Paid $800 for advertising. Received bill for equipment repair cost of $330. Provided security services for event for $2,600 on account. Purchased supplies for $340 on account. Paid balance due from October 7 purchase of equipment. Received and paid utility bill for $121. Received payment from customer for October 12 services performed. Paid employee salaries and wages of $4,200. Date Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) < eTextbook and Media List of Accounts Save for Later Account Titles and Explanation eTextbook and Media List of Accounts Save for Later > eTextbook and Media List of Accounts Save for Later Post the transactions to T-accounts and determine month-end balances. (Post entries in the order of journal entries presented in the previous part. For accounts with zero balance select "Bal." from the list and enter "O" on the normal balance side of the account or leave it blank.) Cash Accounts Receivable Supplies Equipment Accounts Payable Common Stock Service Revenue Advertising Expense Salaries and Wages Expense Maintenance & Repairs Expense Rent Expense Prepare a trial balance at October 31, 2025. (Do not list those accounts that have zero ending balance.) Utilities Expense ORIOLE CORPORATION Trial Balance $ Debit $ Debit $ $ - / 10 Credit Credit ||| SUPPORT Attempts: 0 of 15 used Submit Answer Attempts: 0 of 15 used Attempts: 0 of 15 used Submit Answer : Submit Answer Week 2: Homework Question 4 of 5 View Policies Current Attempt in Progress Oct. 1 Oriole Corporation provides security services. Selected transactions for Oriole are presented below. (a) (b) 2 4 (c) 7 8 10 12 16 21 24 27 31 Issued common stock in exchange for $54,100 cash from investors. Hired part-time security consultant. Salary will be $1,600 per month. First day of work will be October 15. Paid 1 month of rent for building for $1,600. Purchased equipment for $14,800, paying $3,300 cash and the balance on account. Paid $800 for advertising. Received bill for equipment repair cost of $330. Provided security services for event for $2,600 on account. Purchased supplies for $340 on account. Paid balance due from October 7 purchase of equipment. Received and paid utility bill for $121. Received payment from customer for October 12 services performed. Paid employee salaries and wages of $4,200. Date Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) < eTextbook and Media List of Accounts Save for Later Account Titles and Explanation eTextbook and Media List of Accounts Save for Later > eTextbook and Media List of Accounts Save for Later Post the transactions to T-accounts and determine month-end balances. (Post entries in the order of journal entries presented in the previous part. For accounts with zero balance select "Bal." from the list and enter "O" on the normal balance side of the account or leave it blank.) Cash Accounts Receivable Supplies Equipment Accounts Payable Common Stock Service Revenue Advertising Expense Salaries and Wages Expense Maintenance & Repairs Expense Rent Expense Prepare a trial balance at October 31, 2025. (Do not list those accounts that have zero ending balance.) Utilities Expense ORIOLE CORPORATION Trial Balance $ Debit $ Debit $ $ - / 10 Credit Credit ||| SUPPORT Attempts: 0 of 15 used Submit Answer Attempts: 0 of 15 used Attempts: 0 of 15 used Submit Answer : Submit Answer

Answer rating: 100% (QA)

I see you have an accounting homework question that requires you to record a series of transactions ... View the full answer