1.Balance Of office equipment at the month end? 2.Balnce Of total liabilities and equity at the end of month? 3.Advertising expense is this month? 4.Balance of Computer Supplies account at the month end? 5.Balance of total current assets at the month end?
1.Balance Of office equipment at the month end? 2.Balnce Of total liabilities and equity at the end of month? 3.Advertising expense is this month? 4.Balance of Computer Supplies account at the month end? 5.Balance of total current assets at the month end?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
1.Balance Of office equipment at the month end?
2.Balnce Of total liabilities and equity at the end of month?
3.Advertising expense is this month?
4.Balance of Computer Supplies account at the month end?
5.Balance of total current assets at the month end?
![Account
Number
Account
Account Name
Number
Account Name
Cash
Accounts Receivable
Computer Supplies
Prepaid Insurance
Prepaid Rent
Office Equipment
Computer Equipment
Accounts Payable
301
101
Aster Turane, Withdrawals
Computer Services Revenue
Wages Expense
Advertising Expense
Mileage Expense
Rent Expense
Insurance Expense
Repairs Expense, Computer
699
302
106
403
126
623
128
655
131
676
163
678
167
679
201
684
Aster Turane, Capital
Charitable Donations Expense](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd5622647-05a5-4f42-be10-13cdba0774a4%2F24d6c514-6587-42a9-8d5b-012e4bc838f7%2F2rietvo_processed.png&w=3840&q=75)
Transcribed Image Text:Account
Number
Account
Account Name
Number
Account Name
Cash
Accounts Receivable
Computer Supplies
Prepaid Insurance
Prepaid Rent
Office Equipment
Computer Equipment
Accounts Payable
301
101
Aster Turane, Withdrawals
Computer Services Revenue
Wages Expense
Advertising Expense
Mileage Expense
Rent Expense
Insurance Expense
Repairs Expense, Computer
699
302
106
403
126
623
128
655
131
676
163
678
167
679
201
684
Aster Turane, Capital
Charitable Donations Expense
![Oct. 1 Aster Turane invested $49,000 cash, a $18,000 computer system, and
$17,000 of office equipment in the business.
2 Paid six months of rent in advance; $9,000.
3 Purchased computer supplies on credit for $1,975 from Triple-One Supplies.
5 Paid $24,000 cash for one year's premium on a property and liability insurance
policy.
6 Billed Norton Electric $11,300 for installing a new computer system.
8 Paid for the computer supplies purchased from Triple-One Supplies.
10 Hired Donald Gee as a part-time assistant for $345 per day, as needed.
12 Billed Norton Electric another $1,850 for computer services rendered.
15 Received $1,650 from Norton Electric on its account.
17 Paid $400 to repair equipment damaged when moving into the
new office.
20 Paid $2,400 for an advertisement in the local newspaper.
22 Received the balance owing from Norton Electric on its account.
28 Billed Whistler Resort $6,400 for services.
31 Paid Donald Gee for nine days' work.
31 Aster Turane withdrew $1,200 cash from the business for personal use.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd5622647-05a5-4f42-be10-13cdba0774a4%2F24d6c514-6587-42a9-8d5b-012e4bc838f7%2F72iph4i_processed.png&w=3840&q=75)
Transcribed Image Text:Oct. 1 Aster Turane invested $49,000 cash, a $18,000 computer system, and
$17,000 of office equipment in the business.
2 Paid six months of rent in advance; $9,000.
3 Purchased computer supplies on credit for $1,975 from Triple-One Supplies.
5 Paid $24,000 cash for one year's premium on a property and liability insurance
policy.
6 Billed Norton Electric $11,300 for installing a new computer system.
8 Paid for the computer supplies purchased from Triple-One Supplies.
10 Hired Donald Gee as a part-time assistant for $345 per day, as needed.
12 Billed Norton Electric another $1,850 for computer services rendered.
15 Received $1,650 from Norton Electric on its account.
17 Paid $400 to repair equipment damaged when moving into the
new office.
20 Paid $2,400 for an advertisement in the local newspaper.
22 Received the balance owing from Norton Electric on its account.
28 Billed Whistler Resort $6,400 for services.
31 Paid Donald Gee for nine days' work.
31 Aster Turane withdrew $1,200 cash from the business for personal use.
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