Grete Moore formed a dog grooming and training business called Grete Kanines on September 1, 2024. After consulting with a friend who had taken introductory accounting, Grete created a chart of accounts for the business as follows: No. 101 Cash; No. 112 Accounts Receivable; No. 130 Prepaid Insurance; No. 151 Equipment; No. 201 Accounts Payable; No. 209 Unearned Revenue; No. 301 G. Moore, Capital; No. 306 G. Moore, Drawings; No. 400 Service Revenue; No. 610 Advertising Expense; No. 726 Rent Expense; and No. 737 Utilities Expense. During September, the following events and transactions occurred: Sept. 1 2 Grete transferred $9,710 from her personal bank account to a bank account under the company name Grete Kanines. Signed a one-year rental agreement for $680 per month. Paid the first month's rent. 2 Paid $740 for a one-year insurance policy effective September 1, 2024. 5 Purchased $2,850 of equipment on credit. 7 Paid $470 for advertising in several community newsletters in September. 13 Collected $550 cash for providing dog grooming services. 21 24 Attended a dog show and provided $980 of dog grooming services for one of the major kennel owners. The kennel owner will pay the amount owing within two weeks. Collected $720 from the kennel owner for the services provided on September 21. The kennel owner promised to pay the rest on October 2. 28 Paid $235 for utilities for the month of September. 29 Paid $1,670 of the amount owed from the September 5 equipment purchase. 30 Received $830 cash for dog training lessons that will start on October 10. 30 30 Paid the owner, Grete Moore, $1,140 for her personal use. Collected $965 cash for providing dog grooming services. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles Debit Credit

Grete Moore formed a dog grooming and training business called Grete Kanines on September 1, 2024. After consulting with a friend who had taken introductory accounting, Grete created a chart of accounts for the business as follows: No. 101 Cash; No. 112 Accounts Receivable; No. 130 Prepaid Insurance; No. 151 Equipment; No. 201 Accounts Payable; No. 209 Unearned Revenue; No. 301 G. Moore, Capital; No. 306 G. Moore, Drawings; No. 400 Service Revenue; No. 610 Advertising Expense; No. 726 Rent Expense; and No. 737 Utilities Expense. During September, the following events and transactions occurred: Sept. 1 2 Grete transferred $9,710 from her personal bank account to a bank account under the company name Grete Kanines. Signed a one-year rental agreement for $680 per month. Paid the first month's rent. 2 Paid $740 for a one-year insurance policy effective September 1, 2024. 5 Purchased $2,850 of equipment on credit. 7 Paid $470 for advertising in several community newsletters in September. 13 Collected $550 cash for providing dog grooming services. 21 24 Attended a dog show and provided $980 of dog grooming services for one of the major kennel owners. The kennel owner will pay the amount owing within two weeks. Collected $720 from the kennel owner for the services provided on September 21. The kennel owner promised to pay the rest on October 2. 28 Paid $235 for utilities for the month of September. 29 Paid $1,670 of the amount owed from the September 5 equipment purchase. 30 Received $830 cash for dog training lessons that will start on October 10. 30 30 Paid the owner, Grete Moore, $1,140 for her personal use. Collected $965 cash for providing dog grooming services. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles Debit Credit

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter2: Analyzing Transactions

Section: Chapter Questions

Problem 3PB: On October 1, 2019, Jay Pryor established an interior decorating business, Pioneer Designs. During...

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