25. Rowdy Bolton began Bolton Office Services in October 2017 and during that month completed these transactions: a). On October 1 invested $10,000 cash, and $15,000 of computer equipment. b). On October 2 paid $500 cash for an insurance premium covering the next 12 months. c). On October 15 completed a word processing assignment for a customer and collected $1,000 cash. d). On October 20 paid $200 cash for office supplies. e). On October 30 paid $2,000 cash for October's rent. Required: Prepare journal entries (use T accounts) to record the above transactions. a) Oct 1, J/E DR CR
25. Rowdy Bolton began Bolton Office Services in October 2017 and during that month completed these transactions: a). On October 1 invested $10,000 cash, and $15,000 of computer equipment. b). On October 2 paid $500 cash for an insurance premium covering the next 12 months. c). On October 15 completed a word processing assignment for a customer and collected $1,000 cash. d). On October 20 paid $200 cash for office supplies. e). On October 30 paid $2,000 cash for October's rent. Required: Prepare journal entries (use T accounts) to record the above transactions. a) Oct 1, J/E DR CR
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Need journal and ledger, please provide answer in text form(without image)
Transcribed Image Text:25. Rowdy Bolton began Bolton Office Services in October 2017 and during that month completed these transactions:
a). On October 1 invested $10,000 cash, and $15,000 of computer equipment.
b). On October 2 paid $500 cash for an insurance premium covering the next 12 months.
c). On October 15 completed a word processing assignment for a customer and collected $1,000 cash.
d). On October 20 paid $200 cash for office supplies.
e). On October 30 paid $2,000 cash for October's rent.
Required: Prepare journal entries (use T accounts) to record the above transactions.
J/E
DR
a) Oct 1
CR
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