Cody doerr transferred cash from a personal bank account to

Reference no: EM13600023

On October 1, 2010, Cody Doerr established Banyan Realty, which complteted the following transactions during the month:

a. Cody Doerr transferred cash from a personal bank account to an account to be used for the business in exchange for capital stock, $17,500

b. Purchased supplies on account, $1,000

c. Earned sales commission, receiving cash. $12,250

d. Paid rent on office and equipment for the month, $3,800

e. Paid creditor on account, $600

f. Paid dividend, $3,000

g. Paid automobile expenses ( including rental charge) for the month $1,500, and for miscellaneous expense, $400.

h. Paid office salaries, $,3,100

i. Determined that the cost of supply used was $725.

Instructions:

1) Journalize entries for transactions (a) through

2) Prepare T-accounts using the account titles in.

3) Prepare an unadjusted trial balance as of October 31, 2010.

Reference no: EM13600023

Questions Cloud

Isabelle inc uses a budgeted factory overhead rate to apply : isabelle inc. uses a budgeted factory overhead rate to apply overhead to production. the following data are available

Holiday company issued its 9 25-year mortgage bonds in the : holiday company issued its 9 25-year mortgage bonds in the principal amount of 3000000 on january 2 1996 at a discount

The property plant and equipment account is stated at cost : you are reviewing the december 31 2011 financial statements of ellies antiques that is considering an initial public

Pacific airlines has three service departments ticketing : pacific airlines has three service departments ticketing baggage handling and aircraft maintenance. costs of these

Cody doerr transferred cash from a personal bank account to : on october 1 2010 cody doerr established banyan realty which complteted the following transactions during the montha.

Calculate the cost and schedule variances and indexes cv sv : the following data were obtained from a project to design a new software package activity duration predecessors

What is the amount of the payments that ned winslow must : using the appropriate interest table provide the solution to each of the following four questions by computing the

If abc staffing believes it can charge 80 per hour instead : abc staffing company has been traditionally focused on legal and accounting staffing and is dterming if it should start

Pre-tax income 12000 total operating expense not including : pre-tax income 12000 total operating expense not including income tax 20000 sales revenue 120000 beginning balance 8000

User Account

All Pages