Reference no: EM132817430
Question - Business transactions completed by Hannah Venedict during the month of September are as follows.
1. Venedict invested $82,000 cash along with office equipment valued at $22,000 in a new business named HV Consulting in exchange for common stock.
2. The company purchased land valued at $30,000 and a building valued at $150,000. The purchase is paid with $30,000 cash and a long-term note payable for $150,000.
3. The company purchased $1,900 of office supplies on credit.
4. Venedict invested her personal automobile in the company in exchange for more common stock. The automobile has a value of $16,700 and is to be used exclusively in the business.
5. The company purchased $5,200 of additional office equipment on credit.
6. The company paid $1,800 cash salary to an assistant.
7. The company provided services to a client and collected $7,200 cash.
8. The company paid $640 cash for this month's utilities.
9. The company paid $1,900 cash to settle the account payable created in transaction c.
10. The company purchased $20,300 of new office equipment by paying $20,300 cash.
11. The company completed $6,000 of services for a client, who must pay within 30 days.
12. The company paid $1,600 cash salary to an assistant.
13. The company received $4,000 cash in partial payment on the receivable created in transaction k.
14. The company paid a $2,900 cash dividend.
Required -
1. Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Office Supplies (108); Office Equipment (163); Automobiles (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); Common Stock (307); Dividends (319); Fees Earned (402); Salaries Expense (601); and Utilities Expense (602).
2. Post the journal entries from part 1 to the ledger accounts.
3. Prepare a trial balance as of the end of September.
|
How much interest received on the fifth investment
: How much interest received on the 5th investment? Kart invests 2,560 every 3 months for 4 years from his allowance and deposits it in a savings
|
|
Compute the expected new net income
: As a result, they estimate that gross profit will increase by $58,238 and expenses by $84,384. Compute the expected new net income
|
|
How would use your change agent characteristics
: If you were the nurse's leader, how would use your change agent characteristics to support that individual's growth? Provide specific examples using scenarios.
|
|
What will be the amount of deposit at the end of two years
: Donna deposited PHP 8,000 in a saving account at 5 3/4%. if interest is compounded monthly, what will be the amount of their deposit at the end of two years?
|
|
Prepare a trial balance as of the end of september
: The company paid $1,900 cash to settle the account payable created in transaction c. Prepare a trial balance as of the end of September
|
|
How many pizzas must the company sell to earn target profit
: How many pizzas must the company sell to earn a target profit of $65,000. use the equation method? what is the contribution margin ratio?
|
|
Compare the physical assessments among school-aged children
: Compare the physical assessments among school-aged children. Describe how you would modify assessment techniques to match the age and developmental stage.
|
|
Discuss about the aprn protocol contract negotiation
: APRN Protocol contract negotiation Presentation: Students will develop a PowerPoint with no more o 6 slides explaining the part of a APRN, protocol or contract.
|
|
Do you have risk factors for cardiovascular disease
: After reading the "In Depth" section on cardiovascular disease, go to the discussion board and find about your risk factors-do you have risk factors.
|