3. Service Revenue4. Accounts Receivable.5. Share Capital-Ordinary.6. Dividends.credited for cach transaction.June 1* Purchases equipment on account for €900.3.welding business.on account.€800 cash is paid to landlord for June rent.Sent an invoice to L. Nigh €300 for welding work performed12e process. Identify and briefly explain the steps in the order in which they occur.trated on pages 65-70.Opens an office as a financial advisor, investing R$5,000 in cash in exchangefor ordinary shares.Pays insurance in advance for 6 months, R$1,800 cash.4.Receives R$1,100 from clients for services performed.16Aug. 127 Pays secretary R$1,000 salary.BE2-6 Using the data in BE2-5, journalize the transactions. (You may omit explanationsBE2-7 Selected transactions for the Gilles Ltd. are presented in journal form on the nepage. Post the transactions to T-accounts. Make one T-account for each item and determitach account's ending balance.

Name: 3. Service Revenue4. Accounts Receivable.5. Share Capital-Ordinary.6.
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Description: 3. Service Revenue4. Accounts Receivable.5. Share Capital-Ordinary.6. Dividends.credited for cach transaction.June 1* Purchases equipment on account for €900.3.welding business.on account.€800 cash is paid to landlord for June rent.Sent an invoice t

Journal entry:-Way of recording any transaction of a company with debit and credit side. It works on…

Business

Accounting

3. Service Revenue. 4. Accounts Receivable. 5. Share Capital-Ordinary 6. Dividends. rvices, for the month of June are presented below. Identify the accounts to be debited and cred. BE2-2 Transactions for the Kaustav Sen Company ASA, which performs wel Kaustav Sen invests €4,000 cash in exchange for ordinary shares in a small welding business. 2 Purchases equipment on account for €900. 3 €800 cash is paid to landlord for June rent. Sent an invoice to L. Nigh €300 for welding work performed on account, ited for each transaction. June 1 BE2-3 Using the data in BE2-2, journalize the transactions. (You may omit explanations. tudent, is unclear about the basic steps in the recor order in which they occur.

3. Service Revenue. 4. Accounts Receivable. 5. Share Capital-Ordinary 6. Dividends. rvices, for the month of June are presented below. Identify the accounts to be debited and cred. BE2-2 Transactions for the Kaustav Sen Company ASA, which performs wel Kaustav Sen invests €4,000 cash in exchange for ordinary shares in a small welding business. 2 Purchases equipment on account for €900. 3 €800 cash is paid to landlord for June rent. Sent an invoice to L. Nigh €300 for welding work performed on account, ited for each transaction. June 1 BE2-3 Using the data in BE2-2, journalize the transactions. (You may omit explanations. tudent, is unclear about the basic steps in the recor order in which they occur.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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