Question

. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Land; Building; Furniture; Accounts Payable; Utilities Payable; Notes Payable; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. Check your spelling carefully and do not abbreviate. When applicable, use only the account names provided in the problem statement.)

Requirement 1. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Land; Building Furniture; Accounts Payable Utilities Payable; Notes Payable; Common Stock, Dividends; Service Revenue, Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required. (Record debits first, then credits Exclude explanations from journal entries. Check your spelling carefully and do not abbreviate. When applicable, use only the account names provided in the problem statement.) Jan. 1: Monroe contributed $61,000 cash to the business, Timothy Monroe, Attorney. The business issued common stock to Monroe Date Accounts Debit Credit Jan. 1 More Info Jan. 1 Monroe contributed $61,000 cash to the business, Timothy Monroe, Attorney 3 4 7 Purchased a building with a market value of $80,000, and land with a market The business issued common stock to Monroe Purchased office supplies, $800, and furniture, $1,900, on account Performed legal services for a client and received $1,400 cash value of $29,000. The business paid $45,000 cash and signed a note payable to the bank for the remaining amount 11 Prepared legal documents for a client on account, $900 15 Paid assistant's semimonthly salary, $1,130 16 Paid for the office supplies purchased on January 3 on account. 18 Received $2,400 cash for helping a client sell real estate 19 Defended a client in court and billed the client for $1,200 25 Received a bill for utilities, $300. The bill will be paid next month 29 Received cash on account, $1,300 30 Paid $840 cash for a 12-month insurance policy starting on February 1 30 Paid assistant's semimonthly salary, $1,130 31 Paid monthly rent expense, $2,100 31 Paid cash dividends of $3.300 Print Done Fnter any numher in the edit fields and then click Check Answer

Answer 1