On April 1, 2020, Neal Chianese established an interior decorating business Neal Designs. During the month, Neal completed the following transactions related to the business. Use the following chart of accounts to journalize each transaction in this quiz. 11 Cash 12 Accounts receivable 14 Computer supplies 15 Prepaid rent 18 21 23 31 32 41 51 52 Chart of Accounts DATE 4/1 Equipment Account payable Notes payable Neal Chianese, Capital Neal Chianese, Drawing Fees earned April 1: Neal transferred cash from a personal bank account to an account used for the business, $20,000. Wages expense Rent expense DATE 4/2 QUESTION 3 April 2: Paid two month's rent, $1,400. Debit Debit Credit Credit

On April 1, 2020, Neal Chianese established an interior decorating business Neal Designs. During the month, Neal completed the following transactions related to the business. Use the following chart of accounts to journalize each transaction in this quiz. 11 Cash 12 Accounts receivable 14 Computer supplies 15 Prepaid rent 18 21 23 31 32 41 51 52 Chart of Accounts DATE 4/1 Equipment Account payable Notes payable Neal Chianese, Capital Neal Chianese, Drawing Fees earned April 1: Neal transferred cash from a personal bank account to an account used for the business, $20,000. Wages expense Rent expense DATE 4/2 QUESTION 3 April 2: Paid two month's rent, $1,400. Debit Debit Credit Credit

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Description: Subject :- Accounting On April 1, 2020, Neal Chianese established an interior decorating business Neal Designs. During the month, Neal completed the following transactionsrelated to the business. Use the following chart of accounts to journalize each

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 9RE: Refer to RE6-8. On April 23, 2020, McKinncy Co. receives a check, from Mangold Corporation for...

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Refer to RE6-8. On April 23, 2020, McKinncy Co. receives a check, from Mangold Corporation for 8,500. Prepare the journal entry for McKinncy to record the collection of the account previously written off.
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