Question

1 of 1 (1 complete) A More Info aldo's Dec 1 Waldo contributed $70,000 cash to the business in exchange for capital 1 Purchased $12,000 of equipment paying cash. 1 Paid $1,750 for a five-month insurance policy starting on December sion dates balance to that account in the ter a "0" on the nom Account 9 Paid $20,000 cash to purchase land to be used in operations 10 Purchased office supplies on account, $2,800. 19 Borrowed $15,000 from the bank for business use, Waldo signed a note payable to the bank in the name of the business. The note is due in five years. 22 Paid $1,300 for advertising expenses. 26 Paid $900 on account. 28 The business received a bill for utilities to be paid in January, $280. 31 Revenues earned during the month included 516,000 cash and $3,600 on account 31 Paid employees' salaries $3,800 and building rent $1,200 Record as m indent nput fields all Print Done

Answer 1

Supplies Accounts Payable $ 2,800 End.Bal $ 2.800 $ 2,800 $ 2,800 $ 2,800 Cash Waldo Capital 70,000 Equipment $ 12,000 Prepaid Insurance $ 1,750 Land $ 20,000 Note payable $ 15,000 Advertising Expenses $ 1,300 Service Revenue $ 16,000 Account payable $ 900 Unearned Revenue $ 1,440 Rent Expenses $ 1,200 Salaries Expenses $ 3,800 Waldo withdrew $ 5,500 End.Bal $ 59,490 $ 1,04,190 $1,04,190 Waldo Capital End.Bal $ 70,000 Cash $ 70,000 $ 70,000 $ 70,000 Cash End.Bal Accounts Payable $ 900 Supplies $ 1,900 $ 2,800 Notes payable $15,000 Cash $ 15,000 $ 2,800 End.Bal $ 15,000 $15,000 Advertising Expenses $ 1,300 Income Statement $ 1,300 $ 1,300 $ 1,300 Utilities Expenses $ 280 Income Statement $ 280 $ 280 $ 280 Equipment $ 12,000 End.Bal $ 12,000 Cash $ $ 12,000 12,000 Utility Payable Cash Prepaid Insurance $ 1,750 End.Bal $ 1,750 $ $ 1,750 1,750 End.bal Utility Payable $ 280 Utilities Expenses $ 280 $ $ 280 280 $ Cash 20.000 End.bal - $ $ $ 20.000 Service Revenue $13.600 End.bal 20,000 20,000 Service Revenue Land $ 20,000 End.bal $ 20,000 Service Revenue $ 19,600 Cash Accounts Receivable $ 19,600 Accounts Receivable $ 3,600 End.bal $ 3,600 | $ 3.600 | $ 3,600 $ 3,600 Income Statement $ $ $ 16,000 3,600 19,600 Cash Salaries Expenses $ 3,800 Income statement $ 3,800 $ 3,800 $ 3,800 Cash Rent Expenses $ 1,200 Income Statement $ 1.200 $ $ 1,200 1,200 Cash Waldo withdrew $ 5,500 End.Bal $ 5,500 $ 5,500 $ 5,500 End.Bal Unearned Revenue $ 1,440 Cash $ 1,440 $ $ 1,440 1,440