August Transactions Aug. Mikaela Mundt invested $2,400.00 of her own money in the business. Receipt No. 1. 3 Used business cash to purchase supplies costing $234.00. Wrote Check No. 1. 4. Wrote Check No. 2 for insurance, $255.00. Purchased supplies for $76.00 over the phone from Southern Supplies, promising to send the check next wee 11 Sent Check No. 3 to Southern Supplies, $76.00. 12 Sent a check for the electricity bill, $200.00. Check No. 4. 15 Wrote an $830.00.check to Ms Muundt as a withdrawal.of equity for nersonaluse Used Check No 5

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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pplication Problem 3-4.2 (Randomized)
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1.3-4.2 APPLICATION PROBLEM, p. 85
QUESTION ASSETS
Transactions
COA
August Transactions
Mikaela Mundt invested $2,400.00 of her own money in the business. Receipt No. 1.
1.
3
Used business cash to purchase supplies costing $234.00. Wrote Check No. 1.
4.
Wrote Check No. 2 for insurance, $255.00.
5.
Purchased supplies for $76.00 over the phone from Southern Supplies, promising to send the check next week. Memo No. 1.
Sent Check No. 3 to Southern Supplies, $76.00.
12
Sent a check for the electricity bill, $200.00. Check No. 4.
15
Wrote an $830.00 check to Ms Mundt as a withdrawal.of eauity for nersonal use Used Check No 5.
Using the information provided for Mundt Services, journalize the transactions completed during August of the current year. Use page a
Remember to record appropriate source document numbers.
$4
4.
&
V
#3
5.
7.
Transcribed Image Text:* 00 pplication Problem 3-4.2 (Randomized) Attempts Average / 3 1.3-4.2 APPLICATION PROBLEM, p. 85 QUESTION ASSETS Transactions COA August Transactions Mikaela Mundt invested $2,400.00 of her own money in the business. Receipt No. 1. 1. 3 Used business cash to purchase supplies costing $234.00. Wrote Check No. 1. 4. Wrote Check No. 2 for insurance, $255.00. 5. Purchased supplies for $76.00 over the phone from Southern Supplies, promising to send the check next week. Memo No. 1. Sent Check No. 3 to Southern Supplies, $76.00. 12 Sent a check for the electricity bill, $200.00. Check No. 4. 15 Wrote an $830.00 check to Ms Mundt as a withdrawal.of eauity for nersonal use Used Check No 5. Using the information provided for Mundt Services, journalize the transactions completed during August of the current year. Use page a Remember to record appropriate source document numbers. $4 4. & V #3 5. 7.
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