Homework Answers
--Journal entries asked
| Date | Accounts | Debit | Credit |
| 01-Nov | Accounts receivables | $8,000 | |
| Service revenue | $8,000 | ||
| (to record revenue on account) | |||
| 09-Nov | Equipment | $20,000 | |
| Accounts payable | $20,000 | ||
| (to record purchase on account) |
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2. The following is a partial list of business transactions for Ortega Consulting Company. They all...
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1. The following is a partial list of business transactions for Ortega Consulting Company. They all...
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1. The following is a partial list of business transactions for Ortega Consulting Company. They all took place during the months of November& December 2017. Record each of the transactions in the general journal. Make sure the journal entries are properly formatted! (20 pts.) Nov. Date Account Provided S10,000 of consulting services to customer Bob Branch. Debit Credit Nov Date 2 Paid monthly rent of $1,000 Account Debit Credit Nov 9 Purchased computer equipment for $6,000 on credit. Date Account...
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T12-3 (similar to) 21. EOM Consulting Services had the following transactions for the month of November. Journalize the transactions and include an explanation with each entry (Record de of the journal entry table.) (Click the icon to view the transactions.) Nov. 1: The business received $15,000 cash and gave capital to Ella Milton, the owner. Date Date Accounts and Explanation Debit Credit Nov. 1 15,000 Cash Milton, Capital 15,000 Owner contribution Owner withdrawal Pald advertising expense. Paid cash on account...
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Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March March 1 Brooks invested $150,000 cash along with $22,000 in office equipment in the company in exchange for common stock. 2 The company prepaid $6,000 cash for six months' rent for an office. (Hint: Debit Prepaid Rent for $6,000.) 3 The company made credit purchases of office equipment for $3,000 and office supplies for $1,200. Payment is due within 10 days. 6 The...
Help Denzel Brooks opened a Web consulting business called Venture Consultants and completes the following transactions in March. March 1 Brooks invested $175,000 cash along with $28,000 in office equipment in the company in exchange for common stock. 2 The company prepaid $7,000 cash for six months' rent for an office. (Hint: Debit Prepaid Rent for $7,000.) 3 The company made credit purchases of office equipment for $3,400 and office supplies for $2,400. Payment is due within 10 days. 6...
Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of operations April 1 Tanner invested $145,000 cash along with office equipment valued at $34,800 in the company in exchange for common stock. 2 The company prepaid $7,200 cash for 12 months' rent for office space. Hint: Debit Prepaid Rent for $7,200. 3 The company made credit purchases for $17,400 in office equipment and $3,480 in office supplies. Payment is due within...
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