Cullumber Corporation provides security services. Selected transactions for Cullumber are presented below. Oct. 1 2 Issued common stock in exchange for $81,800 cash from investors. Hired part-time security consultant. Salary will be $2,500 per month. First day of work will be October 15. 4 Paid 1 month of rent for building for $2,500. 7 Purchased equipment for $22,300, paying $5,000 cash and the balance on account. Paid $2,800 for advertising. 10 Received bill for equipment repair cost of $530. 12 Provided security services for event for $4,000 on account. 16 Purchased supplies for $510 on account. 8 222 223 21 Paid balance due from October 7 purchase of equipment. 24 Received and paid utility bill for $184. 27 Received payment from customer for October 12 services performed. 31 Paid employee salaries and wages of $6,300. (a) Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O for the amount in the relevant debit OR credit box. Entering zero in ALL boxes will result in the question being marked incorrect. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries
Cullumber Corporation provides security services. Selected transactions for Cullumber are presented below. Oct. 1 2 Issued common stock in exchange for $81,800 cash from investors. Hired part-time security consultant. Salary will be $2,500 per month. First day of work will be October 15. 4 Paid 1 month of rent for building for $2,500. 7 Purchased equipment for $22,300, paying $5,000 cash and the balance on account. Paid $2,800 for advertising. 10 Received bill for equipment repair cost of $530. 12 Provided security services for event for $4,000 on account. 16 Purchased supplies for $510 on account. 8 222 223 21 Paid balance due from October 7 purchase of equipment. 24 Received and paid utility bill for $184. 27 Received payment from customer for October 12 services performed. 31 Paid employee salaries and wages of $6,300. (a) Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O for the amount in the relevant debit OR credit box. Entering zero in ALL boxes will result in the question being marked incorrect. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 11EB: Whole Leaves wants to upgrade their equipment, and on January 24 the company takes out a loan from...
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Question
Journalize these transactions, also post the transcations to T-accounts and determine month-end balances. Finally prepare a trail balance.
Transcribed Image Text:Cullumber Corporation provides security services. Selected transactions for Cullumber are presented below.
Oct. 1
2
Issued common stock in exchange for $81,800 cash from investors.
Hired part-time security consultant. Salary will be $2,500 per month. First day of work will be October 15.
4
Paid 1 month of rent for building for $2,500.
7 Purchased equipment for $22,300, paying $5,000 cash and the balance on account.
Paid $2,800 for advertising.
10 Received bill for equipment repair cost of $530.
12 Provided security services for event for $4,000 on account.
16 Purchased supplies for $510 on account.
8 222 223
21
Paid balance due from October 7 purchase of equipment.
24
Received and paid utility bill for $184.
27
Received payment from customer for October 12 services performed.
31
Paid employee salaries and wages of $6,300.
(a)
Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O for the amount in the relevant
debit OR credit box. Entering zero in ALL boxes will result in the question being marked incorrect. Credit account titles are automatically
indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries
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