Homework Help is Here – Start Your Trial Now!
Business
Accounting
HW Problem 2.2 - Record in the following transactions in the general journal. 3/1 3/2 Kofi Annan contributed $20,000 and office equipment worth $5,000 to start Consulting Corp. Issued check # 121 to Landlord Company for $1,100 for March rent. Provided $5,500 of services to Customer Co. on account (invoice # 251). 3/5 3/8 Purchased $270 of office supplies on account from OfficeMart (invoice #9789). Received $5,500 from Customer Co. for services provided 3/5 (invoice # 251). 3/10 3/11 Received a $105 invoice from AT&T for March cell phone service (invoice #A235982). Issued check #122 for $2,500 to buy more office equipment from OfficeMart. 3/13 Received $1,800 for services provided Client Co. (invoice # 252). 3/12 3/15 Issued check # 123 for $1,800 to pay the company secretary. 3/16 Paid dividends of $2,200 with check #124. 3/19 Received March's utility bill for $80 from PG&E (invoice #8715092). 3/20 Paid 3 months' insurance in advance to Travelers Corp. with check #125 ($1,200). 3/21 Received $8,000 from Consumer Co. for work to be performed next month.

HW Problem 2.2 - Record in the following transactions in the general journal. 3/1 3/2 Kofi Annan contributed $20,000 and office equipment worth $5,000 to start Consulting Corp. Issued check # 121 to Landlord Company for $1,100 for March rent. Provided $5,500 of services to Customer Co. on account (invoice # 251). 3/5 3/8 Purchased $270 of office supplies on account from OfficeMart (invoice #9789). Received $5,500 from Customer Co. for services provided 3/5 (invoice # 251). 3/10 3/11 Received a $105 invoice from AT&T for March cell phone service (invoice #A235982). Issued check #122 for $2,500 to buy more office equipment from OfficeMart. 3/13 Received $1,800 for services provided Client Co. (invoice # 252). 3/12 3/15 Issued check # 123 for $1,800 to pay the company secretary. 3/16 Paid dividends of $2,200 with check #124. 3/19 Received March's utility bill for $80 from PG&E (invoice #8715092). 3/20 Paid 3 months' insurance in advance to Travelers Corp. with check #125 ($1,200). 3/21 Received $8,000 from Consumer Co. for work to be performed next month.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Topic Video
Question

Don't give answer in image format 

HW Problem 2.2-Record in the following transactions in the general journal. Kofi Annan contributed $20,000 and office equipment worth $5,000 to start Consulting Corp. Issued check # 121 to Landlord Company for $1,100 for March rent. Provided $5,500 of services to Customer Co. on account (invoice # 251). Purchased $270 of office supplies on account from OfficeMart (invoice #9789). Received $5,500 from Customer Co. for services provided 3/5 (invoice # 251). Received a $105 invoice from AT&T for March cell phone service (invoice #A235982). Issued check #122 for $2,500 to buy more office equipment from OfficeMart. 3/13 Received $1,800 for services provided Client Co. (invoice # 252). 3/11 3/12 3/15 Issued check # 123 for $1,800 to pay the company secretary. 3/16 Paid dividends of $2,200 with check #124. 3/1 3/2 3/5 3/8 3/10 3/19 Received March's utility bill for $80 from PG&E (invoice # 8715092). 3/20 Paid 3 months' insurance in advance to Travelers Corp. with check #125 ($1,200). 3/21 Received $8,000 from Consumer Co. for work to be performed next month.
Transcribed Image Text:HW Problem 2.2-Record in the following transactions in the general journal. Kofi Annan contributed $20,000 and office equipment worth $5,000 to start Consulting Corp. Issued check # 121 to Landlord Company for $1,100 for March rent. Provided $5,500 of services to Customer Co. on account (invoice # 251). Purchased $270 of office supplies on account from OfficeMart (invoice #9789). Received $5,500 from Customer Co. for services provided 3/5 (invoice # 251). Received a $105 invoice from AT&T for March cell phone service (invoice #A235982). Issued check #122 for $2,500 to buy more office equipment from OfficeMart. 3/13 Received $1,800 for services provided Client Co. (invoice # 252). 3/11 3/12 3/15 Issued check # 123 for $1,800 to pay the company secretary. 3/16 Paid dividends of $2,200 with check #124. 3/1 3/2 3/5 3/8 3/10 3/19 Received March's utility bill for $80 from PG&E (invoice # 8715092). 3/20 Paid 3 months' insurance in advance to Travelers Corp. with check #125 ($1,200). 3/21 Received $8,000 from Consumer Co. for work to be performed next month.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Accounting Equation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS