Question

Answer is complete and correct. General Journal No 1 Credit Date July 01 Debit 17,000 Cash Common Stock 17,000 July 01 Cash 17,000 Common Stock 17,000 July 01 3,600 Prepaid Insurance Cash 3,600 July 02 1,800 Legal Fees Expense Cash 1,800 July 04 1,500 Supplies Accounts Payable 1,500 July 07 370 Advertising Expense Cash ܘܘ ܘܘ ܘܘ ܘܘ ܘܘ ܘܘ ܘܘ ܘܘ ܘܘ ܘܘ ܘܘ 370 July 08 11,600 Equipment Cash 11,600 July 15 1,600 Cash Service Revenue 1,600 July 22 2,000 Cash Service Revenue 2,000 July 24 790 Advertising Expense Cash 790 July 30 11,200 Cash Deferred Revenue 11,200

Answer 1

Sol:

Common Slock Common slock Service Revenue Service Revenue Deferred Revenue 1 Total End Balance Cash $ 17,000 Prepaid Anurance $3600 $17000 legal Fees Expense $ 1800 $ 1600 Advertising en beme $ 370 $ 2000 Equipment $ 11600 $ 11200 Adversling expense $ 790 $10,000 Total $18160 $30640 Prepaid Insurance $3600 Insurance $ 3600 Cash 3600 Total End. Balance Total $3600 Account payable Total End. Balance Supplies & 1500 $ 1500 Total $ 1550 Accounts payable Buplalier. Total End. Balance Total $ 1500 $ 1500 $ 1560 Common stock Cash Cash Total Total End. Balance $ 17000 $ 17000 $ 34.000 $34000

Cash Cash Total End. Balance Advertising Expense $370 $ 790 $1160 * 1160 Total & - Cash Equipment $11600 Total Total End. Balance $ 11600 $11600 Deffered Revenue Cash $11200 Total $11200 $11200 Total - - Total End. Balance Service Revenue Cash Cash - Total End Balance legal Fees feponse $ 1800 $ 1800 Total $1800 $ 1600 $ 1200 $2000 $2800 Cash Total End. Balance