Homework Answers
As Required i am sharing Journal Entries
| Date | Accounts | Ref. | Debit | Credit | |
| a) | Cash | $ 9,700 | |||
| Consultancy Service | $ 9,700 | ||||
| Being Cash received for Consultancy Service rendered. | |||||
| b) | Bank | $ 11,000 | |||
| Common Stock | $ 50 | ||||
| Stock Premium | $ 10,950 | ||||
| Being Stock Issued at premium | |||||
| c) | Office Equipment | $ 840 | |||
| Cash | $ 210 | ||||
| Short Term Note Payable | $ 630 | ||||
| Purchasd Office Equipment. | |||||
| d) | Cash | $ 1,090 | |||
| Unearned Revenue | $ 1,090 | ||||
| Being Cash received for Consultancy Service to be rendered. | |||||
| e) | Supplies | $ 670 | |||
| cash | $ 670 | ||||
| f) | Utilities | $ 2,000 | |||
| cash | $ 2,000 | ||||
| g) | Accounts Receivable | $ 1,820 | |||
| Consultancy Service | $ 1,820 | ||||
| h) | Accounts Receivable | $ 1,820 | |||
| Consultancy Service | $ 1,820 | ||||
| g) | Accounts Receivable | $ 1,820 | |||
| Consultancy Service | $ 1,820 | ||||
| h) | Cash | $ 3,180 | |||
| Accounts Receivable | $ 3,180 | ||||
| i) | Salaries | $ 6,140 | |||
| Cash | $ 5,500 | ||||
| Short Term Note Payable | $ 640 | ||||
| Purchasd Office Equipment. | |||||
| j) | Short Term Investment | $ 1,430 | |||
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