More infoNov. 1Nov. 15Nov. 18Nov. 20Nov. 28The business received $18,000 cash and gave capital to Elise Madden, theowner.Purchased office supplies on account, $700.Paid advertising bill, $140.Received $1,300 from customers for services rendered.Madden withdrew $100 from the business.Ix 21. ESM Consulting Services had the following transactions for the month of November. Journalize the transactionsand include an explanation with each entry. (Record debits first, then credits. Select the explanation on the last line ofthe journal entry table.)Click the icon to view the transactions.)Nov. 1: The business received $18,000 cash and gave capital to Elise Madden, the owner.Accounts and ExplanationDateNov. 1Nov. 15: Purchased office supplies on account, $700.Accounts and ExplanationDateNov. 15Nov. 18: Paid advertising bill, $140.DateNov. 18Nov. 20: Received $1,300 from customers for services rendered.Accounts and ExplanationDateNov. 20Accounts and ExplanationNov. 28: Madden withdrew $100 from the business.DateNov. 28Accounts and ExplanationDebitDebitDebitDebitDebitCreditCreditCreditCreditCredit

Name: More infoNov. 1Nov. 15Nov. 18Nov. 20Nov. 28The business received $18,
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Description: More infoNov. 1Nov. 15Nov. 18Nov. 20Nov. 28The business received $18,000 cash and gave capital to Elise Madden, theowner.Purchased office supplies on account, $700.Paid advertising bill, $140.Received $1,300 from customers for services rendered.Madd

Business

Accounting

Nov. 1 Nov. 15 Nov. 18 Nov. 20 Nov. 28 The business received $18,000 cash and gave capital to Elise Madden, the owner. Purchased office supplies on account, $700. Paid advertising bill, $140. Received $1,300 from customers for services rendered. Madden withdrew $100 from the business.

Nov. 1 Nov. 15 Nov. 18 Nov. 20 Nov. 28 The business received $18,000 cash and gave capital to Elise Madden, the owner. Purchased office supplies on account, $700. Paid advertising bill, $140. Received $1,300 from customers for services rendered. Madden withdrew $100 from the business.

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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Journalize the following transactions for the month of July: July 1 K. Elliot deposited $10,000 in the bank in the name of the business (Elliot Company). 2 The business paid the monthly office rent, $500. 3 The business purchased office equipment on account, $1,500. 5 The business received consulting fees of, $750. 18 The business paid the monthly telephone bill, $75. 25 K. Elliot withdrew $200 for personal use. 30 The business purchased supplies for $1,000, paying $500 in cash and the rest on account. For a compound transaction, If an amount box does not require an entry, leave it blank.
What is the journal entry of the transactions?
PLEASE SKIP IF YOU HAVE ALREADY DONE THIS. Thank you
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DATE TRANSACTIONS October 1 Shonna Pumphrey invested $90,000 cash in the business October 2 Paid October office rent of $6,000; issued Check 1001. October 5 Purchased desks and other office furniture for $22,800 from Hudson's Furniture; received Invoice 4067 payable in 60 days. October 6 Issued Check 1002 for $8,200 to purchase art equipment. October 7 Purchased supplies for $3,340; paid with Check 1003. October 10 Issued Check 1004 for $1,250 for office cleaning service. October 12 Performed services for $8,400 in cash and $2,200 on credit. (Use a compound entry.) October 15 Returned damaged supplies for a cash refund of $750. October 18 Purchased a computer for $4,490 from Tolliver's Office Supply, Invoice 8017; issued Check 1005 for a $1,490 down payment, with the balance payable in 30 days. (Use one compound entry.) October 20 Issued Check 1006 for $12,800 to Hudson's Furniture as payment on account for Invoice 4067. October 26 Performed services for $9,600 on credit. October 27…
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Post the transactions to t- account ( post entries in the order of information presented in the question cash, account receivable, equipment, account payable, common stock, service revenue, sales and wages expenses)
This information relates to McCall Real Estate Agency. Oct. 1 Stockholders invest $31,020 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $42,960. 3 Buys office furniture for $4,110, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $11,340 (not paid by Roads at this time). 10 Receives cash of $215 as commission for acting as rental agent renting an apartment. 27 Pays $730 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $3,580 in salary for October. Prepare the debit–credit analysis for each transaction
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