2 Sep. 1 Received $42,000 cash and gave capital to Stewart.4 Purchased office supplies, $700, and furniture, $1,900, on account.6 Performed services for a law firm and received $1,400 cash.7 Paid $24,000 cash to acquire land to be used in operations.10 Performed services for a hotel and received its promise to pay the $1,000within one week.14 Paid for the furniture purchased on September 4 on account.15 Paid assistant's semimonthly salary, $1,490.17 Received cash on account, $400.20 Prepared a design for a school on account, $700.25 Received $1,800 cash for design services to be performed in October.28 Received $2,100 cash for consulting with Plummer & Gordon.29Paid $1,200 cash for a 12-month insurance policy starting on October 1.30 Paid assistant's semimonthly salary, $1,490.30 Paid monthly rent expense, $650.30 Received a bill for utilities, $350. The bill will be paid next month.30 Stewart withdrew cash of $3,000.Requirements1. Record each transaction in the journal using the following account titles: Cash;Accounts Receivable; Office Supplies; Prepaid Insurance; Furniture; Land;Accounts Payable; Utilities Payable; Unearned Revenue; Stewart, Capital;Stewart, Withdrawals; Service Revenue; Salaries Expense; Rent Expense;Utilities Expense. Explanations are not required.2. Open a T-account for each of the accounts.3. Post the journal entries to the T-accounts, using transaction dates as postingreferences in the ledger accounts. Label the balance of each account Bal.4. Prepare the trial balance of Doris Stewart, Designer, as of September 30, 2015.

Journal entry: Journal entry is the book of original entry where first transactions are recorded in…

. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Furniture; Land; Accounts Payable; Utilities Payable; Unearned Revenue; Stewart, Capital; Stewart, Withdrawals; Service Revenue; Salaries Expense; Rent Expense; Utilities Expense. Explanations are not required. . Open a T-account for each of the accounts.

. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Furniture; Land; Accounts Payable; Utilities Payable; Unearned Revenue; Stewart, Capital; Stewart, Withdrawals; Service Revenue; Salaries Expense; Rent Expense; Utilities Expense. Explanations are not required. . Open a T-account for each of the accounts.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Select one:a.(iii) and (iv) onlyb.(ii) and (iii) onlyc.(i) and (ii) onlyd.All four
What does the IAS 2 explains?
C, D, E
3. What is the NAV?
F2
But why? for number 3
b. Discuss the effect on c and p, when there is an increase in: i. So ii. iii. O K
How do I solve this
Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800
pls answer no. 4 and 5
Help me question 1a